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April 2014

Found 9 blog entries for April 2014.

Las Vegas Rent to Own ScamsWe get calls all the time from people who want to “rent to own” a home, and we usually tell them there is really no such thing. You could possibly do a lease purchase. That is where you actually sign a long term purchase contract then lease the home from the seller prior to closing.

But these days there are very few sellers that are in a strong enough financial situation to do a deal like that, so your housing choices are extremely limited. And you have to be careful that the seller is not upside down in the home or they may just pocket your deposit and rent payments and disappear when it is time to close. Very few potential buyers are able to find a "rent to own" home that actually fits their needs. After more than 30 years of selling homes in Las

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Buy a Home in Las Vegas for Tax DeductionsOne of my favorite things to do each year, is to park outside the Post Office on April 15th and watch the parade of cars as last minute procrastinators get in line to post their taxes before the deadline. Miraculously, everyone seems to be in a pretty good mood - after all, we are all in this tax thing together. Jokes and music fill the air, and the more enterprising even form impromptu tailgate parties.

But no one really likes to pay taxes, and if you found yourself reeling from sticker shock when your accountant handed you your 2013 tax bill,  maybe it's time to reconsider the tax benefits of owning a home. Here are just the highlights of the major deductions you could have used if you owned, bought or sold a home in 2013.

  • Mortgage Loan Interest: 
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April 15th is almost upon us, and if you are like most people, you are sitting hunched over your desk trying to find just one more deduction to claim before dropping your tax return in the mail. So if tax time has got you down, maybe you should consider moving and buying a home in Las Vegas. The following are excerpts from an article posted on The Credit Card Insider this month about paying taxes. One thing I couldn’t help but notice: when you get to the list of the eight cities considered the “best” cities for people who hate to pay taxes, Las Vegas and Mount Pleasant are the only two where you don’t need a winter coat! 

Best Cities for People Who Hate Paying Taxes

THE INSIDER – April 1st, 2014 
By Kimberly Rotter

Las Vegas is a great home for people who hate to pay taxes!No matter how you feel about the

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Everyone knows that you can buy an amazing home in Las Vegas with fabulous Strip views. A colorful neon Strip view is our desert equivalent of an ocean view from a Malibu beach house. (Though if the earthquakes keep up, who knows? We may end up with both a Strip view AND an ocean view!)

But there actually are a few lakes scattered around the Las Vegas Valley, and any waterfront property is highly coveted.  Here are a few of the waterfront homes for sale in Las Vegas currently, just to give you an idea of what is possible.

Waterfront Home at The Lakes, Las Vegas

Waterfront Home #1 - The Lakes

VIEWS, VIEWS AND MORE VIEWS!!  Truly unique opportunity to own this lakefront sanctuary situated on a peninsula in the Lakes with unobstructed views of the sunsets over Red Rock and just minutes from

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shoveling snow in CanadaSo you’re from Canada, eh? And to get out of the bitter cold winters, you want to buy real estate in Las Vegas. 

We all know how hard it is for Canadians to obtain a mortgage in the US nowadays. Las Vegas mortgage lenders restrict property purchases by foreign nationals to one vacation/second home with a down payment of 35% or more, and the buyer can’t own any other property in the States. (Of course that means no investment properties at all.) 

One way around the US mortgage restrictions is to refinance property you already own in Canada and pay cash for your purchase here in Las Vegas. Below is a letter explaining the process from Canadian mortgage broker Rob Smith who specializes in Canadian refinances: 

“As a result of recent economic events

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With summer coming, most of our inquiries for homes include one key ingredient: an inground swimming pool. While the four homes featured here may not be within your budget, they sure are fun to look at and dream on! Take a look at what just a few millions of dollars can buy you in a pool home. Enjoy!

Spanish Trail pool home in Las Vegas


First up, La Maison des Jardin located in the renowned Spanish Trail guard gated golf community! This 24,000+ square foot European beauty with 2000+ sf guest house and meandering "secret gardens" sprawls across 3 golf course lots totaling an acre of land. The style is formal classic architecture with contemporary touches and soaring ceilings. Price tag: $7.85M.

Las Vegas celebrity estate with swimming pool for sale


Next, how about a private compound on almost 10 acres? Once in a lifetime opportunity to

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Selling a Home in Las VegasAfter 30 years of selling real estate in Las Vegas, I can state for a fact: Most buyers have ZERO imagination. When buyers tour a home for sale, most have a very difficult time visualizing anything other than the condition it is in currently. While a small percentage actually prefer a fixer-upper so they can get what they really want and not pay for someone else's taste, 95% really want a move in condition home and are willing to pay top dollar for it. In fact, many buyers in our area say they only want brand new homes, but if you show them one that is model perfect with everything already done, they will jump on it.

So if you are thinking of selling your home later this spring, NOW is the time to get it ready. Late spring is traditionally the time of

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While the resale market for Las Vegas single family homes seems to be holding steady at around 6500 listings actively on the market (not yet under contract) and still tilted towards a seller's market, Las Vegas new home builders are finally opening up new developments around the Valley. Spring in Sprung!

With the much improved economic climate and a still lower-than-average inventory of resale homes, a number of new home builders have taken advantage of the situation by releasing more new models.  And a couple are introducing unique twists to their floor plans to lure new home buyers.

For example, Shea Homes will be introducing their new Shea3D homes on April 5th and 6th from 11 am to 3 pm.

According to Kyle Tibbitts, general manager “Homeowners

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Las Vegas High Roller Observation Wheel

The Las Vegas High Roller, a 550 foot high observation wheel, is now officially open to the public! More than 100 feet taller than the Eye in London on the banks of the Thames River, the High Roller has 28 cars that can hold up to 40 people comfortably (including room to walk around) for a thrilling half hour ride and multi-million dollar panoramic view of the world famous Strip.

The High Roller is actually the centerpiece of the new Linq outdoor pedestrian mall, located between the Flamingo Hotel and the newly revamped Quad Hotel (formerly the Imperial Palace) at the center of the Strip. While portions of the Linq are still under construction, many of the restaurants, shops and venues are already open, including the Brooklyn Bowl, a combination

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