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Las Vegas Condos

Read about just listed condo deals and new developments around the Las Vegas Valley.

Found 52 blog entries about Las Vegas Condos.

Home price data for April shows another record high, the fifth consecutive month of new peaks.


The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index which covers all 9 US census areas hit its highest reading (188.50), rising 5.5% from a year earlier, but easing from the 5.6% gain for March.

The 10-City Composite annual increase was 4.9% (to 197.19), down from 5.2% the previous month; and the 20-City Composite posted a 5.7% year-over-year gain (to 210.64), down from 5.9% in March.

Month-over-month (before seasonal adjustments), the National Index was up 0.9% in April; the 10-City was up 0.8% and the 20-City gained 0.9%. After seasonal adjustments, the National and 10-City readings were 0.2% and the 20-City was up 0.3%.


Home prices set record for 5th straight month

“As home prices

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Agents can save sellers time, money, liability and hassle


Key Takeaways:

  • FSBOs are more costly than homeowners realize -- including lower sales prices and hidden fees.
  • Selling a home is a complicated transaction -- sellers and buyers alike can get burned with FSBOs.
  • Time costs money -- a FSBO costs the seller valuable time, and it takes longer to sell.

Frank, a smart and tech-savvy Denver homeowner, thought he’d skip the agent commission and sell his house himself.
He researched his home’s property value, found a buyer and got the house under contract. It seemed like a done deal.
Until he realized in a panic that he had seriously undervalued the property — by more than $100,000. Frank had

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Low interest mortgage rates can’t last forever, can they?
If you’ve taken out a mortgage or refinanced a mortgage recently, you may have done so because you anticipated that rates would rise.
Are rates rising, and are they expected to continue to rise? Let’s take a closer look at mortgage rates trends. 

 

When Mortgage Rates Rise

What causes mortgage rates to rise? The rates on mortgages tend to rise and fall in tandem with the yield rate of 10-year Treasury bonds. When the bond yield rises, mortgage rates tend to rise, too. So are mortgage rates and 10-year Treasury bond yield rates the same? Not quite.

Treasury bonds are seen as safer investments than mortgages (or securitized packages of mortgages) because the risk that the

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There were 3,340Single Family; Condos & Town-homes closed transactions in December 2016.

That’s up by 224 closed transactions compared to November 2016. 

December 2016 #’s- Resale 2,972 -89% Short Sales 162 -4.8% REO 206-6.2%

November 2016 #’s- Resale 2,789 -89.5% Short Sales 128 -4.1% REO 199- 6.4%

 957 Cash Purchases (This is up by 122 from November)

 1,271 Conventional Financing (This is up by 107 from November)

 790 FHA Financing (This is down by 2 from November)

265 VA Financing (This is down by 9 from November)

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We finally found a reputable lender with low fees and good rates that can do foreign national investor loans AND/OR loans on condo hotels. This is a "make sense" lender that can do portfolio loans outside the box. They have non warrantable condos and condo hotel financing for US citizens with 20% down payment, minimum $100k loan amount.

Below are some of the foreign national loan program highlights:

  • Minimum loan amount is $100k up to a maximum of $3M, though sometimes the lender can go higher on a case by case basis
  • They can do non warrantable condos or 1+ bedroom condo hotels as long as the condo hotel has a full kitchen
  • Down payment of 40% for vacation homes or 45% for investment properties
  • 90% financing available with their asset
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Now that you have seen the “Strip,” you may wonder if Las Vegas would be a great place to live.  As you start your research, know that the individual tax picture here is one of the lowest of anywhere in the U.S. You have probably seen articles about our great climate with more than 330 sunshine days a year. (That’s more than any place in the “Sunshine State.”) You may have read articles about Henderson, Nevada, being one of the safest cities in America to live. Have you wondered where Henderson is relative to Las Vegas? In real estate articles about the Las Vegas market you may have seen that Summerlin is the writer’s favorite area of Las Vegas for finding a home. Where is Summerlin relative to the famous “Strip,” where you found such exciting amenities

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Foreign National Mortgages for Las Vegas Real Estate

Foreign national mortgages for Las Vegas investment properties are back!

Finally there is once again a company which can finance mortgage loans for foreign nationals that want to buy investment real estate in Las Vegas. The minimum down payment is 50% of the appraised value with a minimum loan amount of $100k, so properties purchased must be $200k or greater to meet program guidelines.  The main program requirements are as follows:

LOAN APPLICATON

  1. All foreign properties owned by the borrower must be listed on the Schedule of Real Estate Owned. Verification of mortgage payments, taxes and insurance is required
  2. A three year history of residence and job history is required. 

CREDIT REPORT

  1. A US credit report is required if
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las vegas real estate on the riseWhile you’re sweltering in the heat, keep in mind that whether you’re buying or selling a home in Las Vegas, a swimming pool is more than a way to cool down  – it’s also a big factor in home values.  2016 is set to be a record-breaking year when it comes to weather.  According to the National Oceanic and Atmospheric Administration, January through June of this year was the hottest 12 year stretch in the last 136 years!  No wonder more than 38% of Americans include a swimming pool when describing their “dream” home.  Nationally, a recent survey taking into account a home’s size, age, location, etc., found that being able to include a swimming pool in a listing could increase a home’s price anywhere from 8% to as much as 19%!  So, whether it’s a pool to

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Brand New Homes in Las Vegas for Veterans
Veterans, are you tired of finding the perfect home, only to make an offer and get beat out by a cash buyer? Don't give up hope! You can still move into the Las Vegas home of your dreams this summer courtesy of a new home builder that supports our troops.

For the rest of the month of June, Richmond American Homes of Las Vegas is running a special promotion for all VA Home Buyers in recognition of their service to our country. With only $1 in earnest deposit*, Vets can purchase a brand new home.

And the interest rates are great too! With Richmond's preferred lender, Home American Mortgage Corporation, the current rate is only 3.75% (4.05% APR) 30 year fixed rate VA financing***. (See details below.)

This is a tremendous promotion for our military

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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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