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Las Vegas Real Estate News

Things not to do when getting a mortgage loan in Las VegasYou can unknowingly sabotage your home financing goals by making some obvious and not-so-obvious moves with your finances.  Check out the list below to see if you know the top 10 things NOT to do when you are in the process of buying a home or refinancing.

Do Not:

  1. Transfer money between accounts, unless receiving complete documentation from your bank, itemizing all transfers.
  2. Make unnecessary checking or savings account transactions, such as withdrawals or deposits
  3. Leave an existing job - changing jobs may mean you don't have an appropriate work history, especially if you change fields of employment as well.
  4. Allow your bank accounts to go into a negative balance, even if you have overdraft protection
  5. Apply for credit in any form, including
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This year I decided to take a cruise to the Caribbean for my birthday, and I saw some pretty amazing real estate along the way! I thought it would be fun to share some photos of the luxury custom homes I saw overlooking the emerald blue waters surrounding Tortola, Antigua, Barbados, St. Lucia and St. Barts.

Luxury Custom Homes

Our first stop was Tortola, and as we were cruising into port, I spotted these hillside island mansions overlooking grottos, sea caves and private beaches that were accessible only by ladders or elevators. After that we took a boat trip over to Jost Van Dyke and the "Soggy Dollar Bar" (home of the infamous Painkiller rum punch). The sand on this beach is absolutely perfect and the best we found on our whole trip. It felt like walking on velvet.

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Score in the Super Bowl of Las Vegas real estate with seller financing on two great homes for sale in the 89074 zip code in the Green Valley area!

2514 Via Di Autostrada

Green Valley Ranch Home for Sale

Quaint and cozy three bedroom 2 bath 2 car garage home in a storybook Green Valley Ranch community with small park. Light and airy, vaulted ceilings, tile floors and counters, fireplace, master with separate entry to rear yard, freshly painted, white wood blinds, lattice-covered patio, lush secluded back yard with shade trees, palms and flowering bushes. Great location convenient to shopping, restaurants, movie theaters and more. Fridge, washer and dryer. Only $165,000!

 

2826 Norfolk

Adorable 1361 square foot three bedroom two bath 2 car garage one story home on elevated

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Marijuana Real Estate, Las VegasColorado recently changed their state laws to allow residents to legally grow their own marijuana for personal recreational use. And now one enterprising Colorado real estate firm is taking advantage of the laws to form a new specialty - marijuana real estate.

Talk about going green! I just noticed a post from a Colorado web site, MarijuanaRealEstateColorado.com, which is touting their expertise in the alternative field (no pun intended!) of marijuana real estate. They help clients find suitable homes and assist them through the process of converting the property to a legal grow house.  

The home page of the site advertises:

"How would you like to cultivate your own personal grow from the convenience of your home while doing it 100% legally,…
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The Candy Bomber - Gail HalvorsenEven though we are well into January and a new year, I just came across this YouTube video and had to share it. The video, which was released in October 2013, features Tom Brokaw, renowned broadcast journalist, telling the story of Colonel Gail Halvorsen. Colonel Halvorsen, known as the Candy Bomber, is credited with changing the course of the world back in 1948 when he started dropping miniature parachutes of candy to the starving children of West Berlin. His simple act of kindness blossomed into a massive airlift operation that helped heal the wounds of World War II. 

Colonel Halvorsen's story speaks for itself. My hope is that we will all remember his gift every day of the year, not just on Christmas, and strive to make the world a better place in

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The Magical Forest in Las Vegas, NVThe Magical Forest has become a cherished Las Vegas Christmas tradition. Originally it began as a small wine and cheese party that drew in passersby with its lovely Christmas lights, causing them to stop on their journey through the city and ask for a moment’s admittance.

But the Magical Forest of today is a far cry from its simple origins. Now it is a major local “happening” that draws thousands of return patrons year after year along with hundreds of volunteers.

And this year, the not-for-profit foundation, Opportunity Village, which sponsors the Magical Forest, has outdone itself once again, orchestrating yet another incredible display of yuletide cheer to raise money for all the services they provide. Opportunity Village has been training those

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Looking for brand new Las Vegas homes for the holidays? Look no further! Several new home builders are having end of the year closeouts on standing inventory homes with GREAT incentives! Check out the offerings below and give us a call at 702-985-7654 for more details! 

             

                   Mountain's Edge

 

   

Sq.ft

Ready

Details

Bed

Bath

   

2,424

NOW

Over $20,000 in Options Included

4

3

   

1,939

NOW

$10,000 in Options Included

3

2.5

                  Mountain's Edge

 

   

Sq.ft

Ready

Details

Bed

Bath

   

3,529

NOW

Over $60,000 in

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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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New Homes for Sale in Las Vegas at Silverleaf

 

Need a home by the end of the year? This beautiful DR Horton community in the booming southwest area of Las Vegas has immediate move-ins on brand new homes! The neighborhood includes its own private park and a community pool, and homes come standard with granite countertops and low E windows. 


Check out this standing inventory and view the floorplans. Call 702-985-7654 to see today!

2235 SF Floor Plan  2135 SF Floor Plan

Lot 133 – 2135 SF – $231,692.00 - Immediate Move-In!!!

Upgrades Include - 36’’ Spring Valley Maple Sable Cabinets, San Mateo Granite, Linear Alure Backsplash, Bianco Piedra Fina, Colonist Doors, Black Appliances, Electrical Package, Gas Stub-Out, Soft Water Loop, Upgraded Flooring throughout! Plus Much More!

Lot 139 –

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