Waiting To Sell? Here’s Your Sign.
The Las Vegas real estate market; while still in favor of sellers at the moment, is shifting quickly with rising interest rates.
Should I Wait For ‘The Crash’ To Buy A Home In Las Vegas?
Many buyers got priced out, or emotionally exhausted trying to purchase a home this year & will continue renting instead. This specifically impacted 1st time buyers, who hadn’t realized appreciation in a home they’d previously purchased. It can be exhausting, writing offers & not getting one accepted. My clients who don’t have a large ‘over appraisal’ budget, or 20% down have been able to purchase beautiful homes. (You only need a minimum of 3% down by the way.) Right now in Fall of 2021, it’s even easier as much of your competition just signed a 1+ year lease, rates are still low, & you have a game plan that’s been proven in the most demanding market below.
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Vegas Buyers Get Ten Thousand In Instant Equity! Is The Market Shifting?
The State Of The Market If you’ve been shopping for a home this year, you probably know it can be vicious out there. Almost 1/3 of the homes recently sold to out of state buyers. Many of those buyers are coming from the West costal area. They have plenty of sale proceeds to pay over…
U.S. Supreme Court Denies CDC’s Eviction Ban
According to a breaking report from The National Realtors Association, “WASHINGTON (June 30, 2021) – A majority of the Supreme Court agreed Tuesday evening that the Centers for Disease Control and Prevention lacked authority to implement a blanket, nationwide eviction moratorium. Although the court declined to lift the ban immediately, the ruling means the current…
How to Buy in Las Vegas – Bidding Wars & Lack of Inventory
It may seem crazy to celebrate buying a home for it’s appraised value. However, if you’ve been trying to buy a home in Las Vegas recently, you understand even buying one you like over appraised value is a huge accomplishment today. Homes are appreciating 1-2% per month in my markets recently. That means a $350,000…
Legislation Poised To INCREASE Las Vegas Rent And Reduce Available Rentals
SOUTHERN NEVADA CHAPTER OF National Association of Rental Property Managers® OPPOSE SB218 SB218 will only hurt Nevada families: – Landlords will be forced to charge higher rents (when have landlord’s cost gone up & rent not?) – More lawsuits between tenants and landlords (who loves going to court?) – Overall less housing as more property owners’…
Proposed Zoning Changes – Mountain’s Edge
This is important, please take a moment & let your voice be heard. In addition to returning the post card mailed to you by Clark County, you can email your opinion to: Zoningmeeting@clarkcountynv.gov Please include the following in your reply: The Application number is: NZC-20-0545 & Owner of the parcel is: ME 52 Partners, LLC,…
Ready To Relocate To Las Vegas? How To Find The Perfect Home.
Where is the best place to buy a house in Las Vegas?
This really depends on your lifestyle & what you love to do. Do you go to the casinos on the Strip or enjoy all the great outdoors we have surrounding the city more frequently? If you want both there are also some great locals casinos in many areas too. Far up North & West may be good if you love snowboarding, or hiking Mt. Charleston. A few communities my clients really like up there are:
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Working From Home In California? Give Yourself A Raise!
This year has seen so many changes it’s hard to know where to start. Yes, many people have been out of work, but hopefully with the recent news of successful vaccines from Moderna & Pfizer it won’t be long before they can be back to it. Fortunately for many others all over the country, it’s meant lasting & leverageable changes to how work is getting done.
Many past clients & friends have told me their company is shifting to a permanent work from home status for many employees. Industries such as finance, tech, & logistics have been able to shift quite efficiently. Becoming a work-from-home employee provides flexibility & all sorts of other benefits, but it has its challenges. One of the biggest hurdles I’m hearing repeatedly is the need for more space.
…What Is 2020 Doing To Las Vegas Real Estate?
It Depends On Who You Are
This has certainly been a unique and challenging year so far for many of us, particularly in Las Vegas. How 2020 has impacted our housing market depends a lot on where you are in the market. While there are as many particular situations as there are clients; for our purposes here, we’ll break them down into the following categories: Sellers, Buyers, & Homeowners .
Sellers – Possibly The Biggest Winner?
Those looking to sell their home this year have seen very little competition. The demand may not be quite what it was last year, but it is still well-outpacing available inventory supply. Many areas in Las Vegas are seeing 2-3 weeks as a median time on market. Historically, this is incredibly low. This demand is raising home values & in some cases for well-marketed homes, in show-ready condition, even creating bidding wars.
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