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Tagged : las vegas homes for sale

Found 14 blog entries tagged as "las vegas homes for sale".

Las Vegas real estate is on the rise and is showing no signs of slowing down. The interest rates within the housing market have kept the city hopping and remaining in full form without ever skipping a beat.

These phenomenal interest rates have been the deciding factor in why so many people are getting themselves into great Las Vegas Homes for sale with spectacular deals. There are even many claims that this may very well be the biggest era of real estate that the region has ever seen.

Moving On Up –Vegas Real Estate Booming!

People who were only able to afford to live in apartments are now able to purchase their very own homes, and those numerous people who could only afford to live in extra small one-bedroom homes can now afford to live in

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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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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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Invest in Real Estate Like Warren BuffetMost real estate investors follow the latest fads when determining what they will buy. They usually focus on short term gains rather than the overall big picture, and tend to buy in environments of economic euphoria rather than environments of economic doom and gloom. They go with the herd mentality.

Warren Buffet’s credentials as an investor need no explaining. And recently he shared the basis of his success with the shareholders of Berkshire Hathaway in his annual update letter. His strategies for investing are simple and easily followed for those that have the patience and persistence to carry them out.

In his letter to shareholders, he used the example of a farm he had purchased, even though he knew nothing about farming. But, by relying on the

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The latest statistics are in: with interest rates hovering around 4.5% for a 30-year fixed rate mortgage, buying is 38% cheaper than renting as a national average, down from being 44% cheaper one year ago.

For example, if your rent is currently $1200 per month and you purchase a $175k home with a 3.5% down payment at a 4.5% interest rate, you would save approximately $8200 per year if home prices appreciated a modest 4% per year, or almost $50k savings over 6 years. Check out this cool buy vs rent calculator that will tell you exactly which option would benefit YOU most! Click Here

Buying a Home is Cheaper than Renting in Las Vegas

The margin between buying and renting narrowed during the past year due to rising prices around the country. But even though the gap has narrowed, this is still great

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Las Vegas Luxury Homes for SaleWhile the average sales price in Las Vegas rose over 30% in 2013, the median price for homes over $1 million was virtually unchanged last year and remained stable at $1.4 million. Surprisingly enough, though, the volume of closed transactions for Las Vegas luxury homes priced at over $1M almost doubled from 2012. Buyers from pricier markets in California and New York took advantage of the situation, and the number of sales in 2013 spiked to 342.

Most of these luxury home sales were located in the newer upscale guard gated communities. These developments were built during the boom years between 2003 and 2006. Luxury homeowners were reluctant to sell during the subsequent bust of 2007 through 2011, but are now coming to the market after waiting out the

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Las Vegas housing is usually known for its glitz and the plethora of beautiful new upscale master planned communities that surround the Valley.

Brendan Duffy, Las Vegas Elvis impersonatorBut at the heart of Las Vegas beats a very different type of lifestyle that is truly "Vintage Vegas." These are the neighborhoods that were home to mobsters like Bugsy Siegel, divas of the stage like Diana Ross, casino magnates like Sheldon Adelson, and uniquely Vegas show biz personalities like Liberace, Ellvis and Wayne Newton. In these areas you can find everything from pink bathroom tiles and coffered copper ceilings to running lights around platform beds.

Downtown is home to many of Las Vegas' most  charming older streets. Along St. Louis and in the Huntridge district you can find many cozy bungalows

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Las Vegas Shadow InventoryIs there really a shadow inventory in the Las Vegas real estate market? If so, when will these properties be released to the market? What will happen to prices when/if it happens?

As real estate agents, these are questions we are asked almost every day, and a number of buyers have stated they are waiting until prices "go back down" before purchasing.

But will prices go down? Prices skyrocketed during the boom and then plummeted below pre-boom levels during the recession. Las Vegas has seen appreciation of 30% over the past year due to low inventory, but we are not quite yet back to pre-boom pricing yet., and experts feel that prices will continue to rise slowly until they reach this level again. (Before the boom, the prices of homes for sale in Las

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FHA Loan Limits for Las Vegas, NVUrgent FHA Bulletin!

On Friday December 6th HUD announced the new FHA loan limits for 2014 (Mortgagee Letter 2013-43) across the nation. For Clark County, the current single family loan limit of $400,000 has been reduced by more than 28% to $287,500 effective January 1, 2014. 

This move is not unexpected - the FHA loan limits have not been changed since the "boom" years. Usually FHA prices its loans to the median of the local market. The only thing surprising is that they waited this long to decrease the limits in Las Vegas.

But if you are a buyer that has been looking at homes for sale in Las Vegas or Henderson in the $300K-$400K range and you were expecting to make only a 3.5% down payment, you need to decide on a property and make your loan

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