Las Vegas Real Estate News and Tips

How to Research the Real Estate MarketWhether planning to buy or sell a home, it is essential to understand both the basics of real estate and the state of the real estate market. Here are a few tips to get a better grasp on how to determine the market in potential buying or selling regions.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Understanding Online Listings and the Multiple Listing System (MLS)

There are many popular online websites to search real estate listings and detailed information. They offer viewers easy access to details such as physical addresses, listing prices, nearby amenities and typically feature photos of homes. Overall, these are all excellent resources to

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Renting Out Your Home? What You Need to KnowRenting out a home can be a very lucrative real estate investment. However, renting ones home has its challenges. For homeowners who want to make extra money by renting their property, being prepared is important for success. Here's what you need to know.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Make Repairs

Many renters want to know that their rental home will be in good condition when they move in. Problems like broken windows, holes in the wall, broken door knobs and other small maintenance issues can dramatically reduce the amount of money that a rental home is worth. In fact, some rental homes that have these problems may be very

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Building a home fitness center doesn't have to be a dream. It may be easier than you think!Buying a new home with all the rooms one might want can be difficult. One of the rooms many people may want in a new home is a fitness or exercise room. If youir new home doesn't have an exercise room, consider building or making one.

Building a home gym takes some thought, planning, money and perhaps most of all commitment. It's one thing to have a treadmill that now only serves as a clothing rack, it's quite another to plan and invest in an entire area that goes largely unused. Once a homeowner is assured they want and will use a home fitness studio it's time to make plans and construct it. Here are some steps to take.

Select an Appropriate Space

Planning a home gym starts with selecting the right space. Ideally, it should be a space

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How a Home Appraisal Works for SellersFor most sellers, a home appraisal could be an important part of the home selling process. If the buyer plans to obtain financing from a lender, they will typically require the appraisal amount to be equal to or greater than the sale price. The results establish a home value relative to the neighborhood and the sale of comparable homes in the area. Knowing what to expect from the process can help sellers understand how the appraisal could affect the home sale.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

How Do Appraisals Work?

Once the buyer and seller have agreed on the details of the purchase contract, the buyer's side (usually the lender) usually orders the

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How to Take Pictures for Your Home ListingThe photographs that home sellers use in their listing can help sell their home. The better the pictures, the more buyers the listing may attract. If you're selling your home soon, and whether you take the photos yourself, your agent takes them or a a professional photographer is used, here's what you need to know.

Throw Out the Fuzzy Ones

Poor quality pictures can detract from the beauty of the home, and may even stop buyers from coming to see your property. Sort through all pictures and delete or throw out pictures that are blurry.

Clean Up First

Before taking pictures, home sellers need to clean up inside and outside the home. This is also the time when the home seller should make any cosmetic changes they plan to make before selling

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Reverse Mortgage Information for HomeownersThere are many types of home loans available to homeowners who have equity in their home, and a reverse mortgage is one of these loans. Understanding reverse mortgages and how they work can help homeowners who qualify to decide whether or not a reverse mortgage is for them. If you're a homeowner seeking a funding source or extra money to live on, here's what you need to know about reverse mortgages.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is a Reverse Mortgage?

A reverse mortgage is a type of loan available to homeowners who are at least 62 years old or older. In order to be eligible, the senior must own their own single family or

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4 Ways to Evaluate a Purchase OfferOnce a home has been listed for sale, sellers should be ready to look at any purchase offer they receive from a potential buyer. Buyers often include a variety of details in the offer that could be beneficial to the buyer or the seller. People who get several offers at the same time may need to evaluate them quickly and make a decision. This guide identifies common features of purchase offers that sellers should look for, and what they mean for the transaction.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

1. Price

One of the first things sellers look for is the price of the offer. Although this may be the most important aspect of the contract,

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Tips for Writing a More Competitive Purchase OfferThe home purchase offer is generally the first official communication between the buyer and seller, making it a document that buyers should take seriously. Now is the time to think through both the terms and contingencies if the home buyer ever hopes to make it to the next step. With your real estate agents assistance in creating a home purchase offer, most buyers will go make more than one offer, meaning they have a little leeway to experiment with trial and error. However, it's still important to understand how to write a solid offer in case the buyer spots their dream property early on in their journey.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

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All About Fixed Rate MortgagesWhen the time comes to get a mortgage, many home buyers are faced with the question of whether they should get a fixed rate mortgage or an adjustable rate mortgage. Knowing the difference between these two mortgages can help the home owner determine which type of mortgage is right for them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What's a Fixed Rate Mortgage?

A fixed rate mortgage is a standard mortgage with a fixed interest rate. The interest rate does not change over the life of the loan. Whether the mortgage lasts for 15 or 30 years, the homeowner will always make the same monthly payment until the loan has been paid off.

What are the

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Red Flags When Home SellingSelling a home can be stressful, especially if the buyer is difficult, demanding or unprepared to purchase a home. Homeowners who want to have a positive experience selling their home must be aware of the warning signs that a buyer might potentially be a problem. Once the seller is locked into a contract with a buyer, backing out of the deal can be difficult or impossible. Here's what you need to know.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Excessive Contingencies

Contingencies are conditions that enable the buyer to back out of the contract without losing earnest money. There are three types of contingencies that are typically included

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