Las Vegas Real Estate News and Tips

Deferred Maintenance: What Is it?When looking for a new home to buy, one of the things that may come up during the search is deferred maintenance. When a home has deferred maintenance, it can have a big impact on the homeowner. But just what is deferred maintenance? This guide will explain what deferred maintenance, and what it means for buyers and sellers alike when dealing with a home that has it.

What Is Deferred Maintenance?

Deferred maintenance on a home is exactly what it sounds like: when a homeowner continually postpones necessary repairs, resulting in the home to fall into disrepair. This is often done in order to save money, stay underbudget, or simply because they can’t afford to have their home repaired. Examples of deferred maintenance include things like: 

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    Home Addition Information For HomeownersThe decision to add on to a home is usually not made easily. Homeowners in The Ridges of Summerlin have many factors to weigh when they're trying to decide if a home addition is right for them. Knowing what usually leads people to get a home addition, how a home addition can improve property value, and what to expect during the construction process can help homeowners decide if they would like to proceed.

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

    Reasons Why Homeowners Get Additions

    There can be many reasons why a homeowner will eventually decide to get an addition. Some of the most common reasons for bedroom or master suite additions

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    Jumbo Loans: Everything You Need to KnowFor home buyers who want to buy a property with a big price tag, jumbo loans are a clear path to securing a mortgage. Most often, jumbo loans are necessary to buy luxury property. However, in high cost of living areas, jumbo loans may be required to purchase modest homes as well. Either way, a home buyer who wants to take out a loan that is higher than the conforming loan limit must do so with a jumbo loan. Knowing the difference between a jumbo loan and other types of loans can help you get a loan for the house you want to buy.

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

    What Is the Conforming Loan Limit?

    In most cases, the conforming loan limit

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    How to Spot the Signs of a Housing BubbleIt's not always clear to buyers and sellers when they're in the middle of a housing bubble. This is because their perspectives can be compromised by the sheer weight of the numbers in front of them. Plus, certain markets, such as San Francisco or Los Angeles, have proven that prices can continue to rise for years at a time—even as experts say that the good times won't last much longer. However, Roma Hills new home buyers can look for specific signs to see if their dream home is located inside a ready-to-burst bubble.

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

    Home Prices Outweigh Salaries

    If people in a neighborhood are making relatively modest

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    Fast Facts for First-Time Pool OwnersA home swimming pool is often considered a sign of luxury, especially when the summer sun refuses to hide its head. MacDonald Highlands home buyers imagine weekend barbecues and playful water fights as they enjoy their backyard in all its glory. However, there's more to pool ownership than the chance to take a dip whenever the mood strikes. Before adding an in-ground or above-ground pool, it's time to consider the following facts.

    How Much Will the Pool be Used?

    It's not always obvious to homeowners whether or not they'll use the pool until they actually have the pool for longer than a few months. The initial novelty usually means plenty of use at the beginning but after a while, the pool may see fewer and fewer swimmers and more and more

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    What You Need to Know About Installing A DeckDeck additions are a popular home improvement among Southern Highlands homeowners trying to boost their home's property value. This is because decks are relatively inexpensive to install, and home buyers will pay more money for a home with a backyard deck. Decks add space for entertaining and can help make the yard more functional at the same time.

    Choose the Right Materials

    The material a homeowner chooses for their deck construction will affect how much maintenance the deck needs and how well it will weather.

    Natural Wood

    Some decks are made from natural wood. The least expensive type of wood that a deck can be made from is pressure treated lumber. Other types of wood include redwood and cedar. Pressure treated wood is very

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    A Guide to Using Your 401k for Your Down PaymentA substantial down payment is usually beneficial for the average home buyer. Not only does it reduce the principal of the loan and thereby lower monthly payments, but it can also help a homeowner avoid having to pay for Private Mortgage Insurance (PMI). However, not everyone has the recommended 20% of the price of a home sitting in their savings account. That's why some people will take funds from their 401k in order to pay for their home. How does a potential home buyer draw down a 401k to make a down payment on a home?

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

    How It Works

    There are typically two different ways, through a loan or hardship withdrawal, that

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    Popular Architectural Styles for HomesMuch like the residents in the United States, the home architectural styles that can found throughout the country are diverse and varied. Each style offers insight into the time period during which it was built and the distinct culture of the region. These are a few of the common home architectural styles that can be found throughout the United States:

    Craftsman Style Home

    During the dawn of the 20th century, the Arts and Crafts movement took hold of Americans across the country. This movement emphasized the importance of handmade products made with natural materials, and followed in the footsteps of the Industrial Revolution. During this moment in history, the Craftsman home architectural style was born. Simplistic floor plans are common in

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    How to Have a Smoother Escrow PeriodWhen buying or selling a home, some states handle the transaction process through Escrow. Nevada is an escrow state. Escrow refers to the period between when the seller accepts the buyer's bid and when the buyer takes control of the property. During this time, the buyers are expected to settle and confirm everything from the condition of the house to the structure of their loan.

    Because there are so many details that need to be addressed, it's not uncommon for an escrow to run far longer than the buyer ever anticipated. In most cases, the escrow process is successful with no problems, though there are some things to watch for.

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

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    Major Safety Problems in the Home and How to Handle ThemHomeowners often forget about the safety of their home while they're living in it. They may assume that if the home was safe when they first moved in, then it's still safe now. And even though they may see the property every day, it's easy to miss minor changes that can lead to bigger problems down the line. For a better idea of how to identify the safety hazards in the home, keep the following common problems in mind before doing a routine inspection.

    Slips and Falls

    It may not take long before a homeowner remembers near misses when it comes to almost falling down. From an unsecured staircase railing to the slippery tiles in the bathroom, many homeowners play with fire everyday without even realizing it. And while children and the elderly

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