Bryan Mitchell Real Estate Blog

Reasons to Buy Multi-Family Units in Las Vegas, NV

Bryan Mitchell — Thu, 17 Jun 2010 18:36:17 +0000

Have you always wanted to put your family in a mansion without the steep price tag? Maybe you enjoy having space, but just can’t afford to purchase a 15,000 square foot home. Las Vegas offers some of the best multi-family living situations in the country. If you have considered purchasing a unit in a multi-family home, now is the time to change that idea into a reality. Las Vegas offers some of the most reasonably priced multi-family units within the entire country.

Many families are concerned about moving to Las Vegas, and rightfully so. Las Vegas has a reputation for being a party city, also called the “sin city.” While this is a major selling point of Las Vegas, do not feel like your family’s values have to be diminished because of this commercial feature. Other families need to move to Las Vegas for job opportunities, and multi-family units can offer you a great environment to support one another in your family values.

Many families seek to buddy up with a family they already know or meet through social networking sites to do a multi-family home. It creates an affordable situation for everyone, in addition to a positive community atmosphere. If this sounds like your type of living situation, then you should contact a Las Vegas realtor today to discuss this possibility.

Investment Properties in Las Vegas, NV

Bryan Mitchell — Mon, 14 Jun 2010 18:35:50 +0000

There has never been a wiser time to invest in properties than right now. Historically, homes are selling for their lowest prices they have ever been. If you are looking for ways to make extra money in the long run, then you should make the serious choice to purchase homes in Las Vegas. This article will outline some of the great reasons to purchase investment properties in Las Vegas.

The job market in Las Vegas is one reason to purchase investment properties. The job market is poised to move up at a trend of 12%, in a country where states like Michigan are feeling the depression of a job market that features 14% unemployment. Because of the upward trend for the job market in Las Vegas, many more people are going to be moving to Las Vegas. These people will need to purchase a home, so you can be rest assured that your investment property will be sold, rather than sitting on the sidelines.

Money is also being constantly poured into Las Vegas for business ventures and projects. This is a great sign of a strong economy. There is over $15 billion that will be spent at casino businesses alone in Las Vegas.

For these reasons, purchasing an investment property in Las Vegas will be the wisest decision you make. Ultimately, it can be a choice that makes you hundreds of thousands of dollars of a missed opportunity. Do not let the opportunity to invest in Las Vegas properties pass you by.

Good Deals to Be Had for Condos in Las Vegas, NV

Bryan Mitchell — Tue, 25 May 2010 22:36:58 +0000

Even with the recent economy struggles, there seems to be plenty of opportunity when it comes to purchasing condos in Las Vegas, NV. With numerous options to choose from, both close to the infamous strip and further away in suburbs such as Henderson, there is no shortage of great deals around. In fact offers being made are often being accepted even when the offer is under the asking price.

Another great prospect is to consider choosing a fixer upper in order to save even more money. Often times a little paint and new carpet is all it takes to spruce a place up but the selling price reflects a huge loss for the seller. In the end it all comes down to being in the right place at the right time, and right now seems to be the time to be in Las Vegas, Nevada.

Condos with exclusives club houses and pools are available, gated communities safe for the whole family are on the rise and even condos overlooking the exciting lights, sounds and action of the Las Vegas strip can be had at a reasonable price- one some people might even find too good to be true. Whether you live here already or not, come on down and take a look at what is available and how you can steal a condo in Las Vegas, NV yourself. You won’t be sorry you took the time to do it, because with prices like this they’re bound not to stick around.

A Vegas Short Sale

Bryan Mitchell — Tue, 25 May 2010 22:35:52 +0000

A short sale is a special transaction granted to people who need to sell their homes pretty quickly. They are selling their home for less then they owe on it. One of the common reasons for a short sale is to avoid foreclosure of your home. With the bad economy we are seeing lots of short sales and Las Vegas is not immune to this situation.
If you happen to be located in Las Vegas and are interested in getting rid of your home through a short sale, you will need an individual who is trained in this particular type of home selling process. This is especially important because you will require assistance in avoiding getting judgments on your credit and also any potential future liens. Sena and Associates are an excellent company to consider using for your short sell. They are located within Las Vegas. They are experienced in negotiating with the bank to not foreclose on your home. You may be wondering what this company gets out of doing a short sale. The bank will offer the selling agency a fee that is smaller than usual just for assisting with the sale. At one time Vegas was considered the foreclosure capitol, but not any longer. As mentioned before short sales are definitely on an all time high in Las Vegas, which means that the foreclosure rate is slightly lower. This is definitely a good thing for homeowners in Las Vegas who are looking to rid themselves of a home that they can no longer afford.

Tips for Improving the Curb Appeal of Your Home in Las Vegas

Bryan Mitchell — Mon, 03 May 2010 20:39:46 +0000

There are some very basic things you need to do when selling your home. You want your home to be a standout. You want a buyer to see it, love it and remember it. It all starts with curb appeal. Look at your home from the road, see what potential buyers see. If there are weeds in the flower beds, pull them. If the plants and shrubs are dead or dying, discard them out and replace them.

If the front porch light is looking a little shabby, either paint it or replace it. Make sure the front porch is clean and inviting. Throw out the old web-style folding chairs and buy two nice chairs. You want the buyers to sit down on your porch and be comfortable.

If some of the screens are falling out or broken, make sure to fix them. If the windows need to be cleaned, glass cleaner and a few paper towels can make fast work of that project. Buy new flower pots, and you don’t have to spend a fortune for them. You can get nice ones at one of the dollar-type stores. Plant some colorful seasonal flowers and sit the pots on the front porch. If the porch floor needs painting, do it. All these small things will make a big impact when combined.

Keep the grass mowed, the trash cans out of sight, and your home will impress buyers because it has fantastic curb appeal. Make your home the one buyers will remember

Investment Properties in Las Vegas, NV

Bryan Mitchell — Mon, 03 May 2010 20:32:10 +0000

There are many places in the United States where property investment is not a good idea right now. The economy is just now beginning to recover and foreclosures are still high. That being said, Las Vegas is not one of those places. There have been several reasons why investment properties in Las Vegas have remained a good buy. The two most popular reasons are…

Tourism

Las Vegas prides itself in being able to continually bring in a large number of tourists to not only visit, but to gamble. This in turn has caused Las Vegas properties to increase in value, even as the economy continues to struggle. With the opening of the China Market, Las Vegas has even started to increase its numbers of Chinese tourists.

Air Base

Las Vegas is home to one of the largest air bases in the entire country. This air base also has a large amount of Federal Government workers employees. Since the air is Las Vegas is dry and humid, it is the perfect place to keep the air base. The total number of Federal Government employees is large enough that even with workers leaving, more are always coming. This helps keep rental prices stable and down.

These are just a couple of factors to think about when you are deciding whether or not you want to invest in property in Las Vegas. Prices are at an all-time low and now is the time to take the property investment plunge. This is a decision that could set you up well financially in the future.

Multi-Family Units in Las Vegas, NV

Bryan Mitchell — Thu, 15 Apr 2010 20:56:34 +0000

The term multi-family encompasses apartments, duplexes, townhouses and condo’s. With March 2010 showing the median sales price in the Las Vegas area of $130,000.00 or $91.00 per square foot now is the time to buy. Many buildings or units are priced under the median price per square foot. Growth in the multi-family units is expected to continue through 2013 as Las Vegas has no new projects slated for completion. Add in the fact over 16,000 apartments were converted to condo’s. Multi-family units have been shown to be a good investment in Las Vegas as there are more people to rent than buy. This will yield more rental for the investor. Many multi-family units choices are now available in and around Las Vegas both on and off the strip.

Multi-family units are available with two and three bedrooms per unit or whole buildings with 8 bedrooms to 134 units which can be leased, time shared or rented. Units are available with 750 square feet to a spacious 5,000 plus square feet.

Amenities included with some multi-family buildings are pools, parks, carports, patio’s/balconies and vaulted ceilings. Many are close to bus stops, highways, shopping, casino’s, and major hotels.

Many buildings are foreclosure sales while others offer owner financing. Financing through FHA is available as long as certain criteria is met. The owner must reside in one of the units as a primary residence. Private financing, if available, is an excellent option. Or low interest rate financing is available through a bank with at least twenty percent down.

Las Vegas Nevada Condos

Bryan Mitchell — Tue, 06 Apr 2010 17:36:42 +0000

Condominium’s are an excellent choice for many people of various ages with varying lifestyles. Condominium’s provide ownership without outside maintenance for owner’s who will occupy the unit year round to vacationers, timeshare or landlords. Check with your realtor to verify contract conditions.

Spacious, convenient and affordable living choices are available in a wide range of price, style, floor plans and amenities to suit every potential buyers needs. New and resale units are available for immediate occupancy and priced to sell. Units are available from ground floor, loft, mid rise and high rise both on and off the strip with your choice of the number of bedrooms and bathrooms needed. Some units are available with lofts. One or two car attached garages are available in many communities. All units are turn key. Simply move in your personal belongings and start enjoying the lifestyle you deserve.

On the strip:
Trump Towers, Panorama Towers and Sky Las Vegas have such amenities as valet parking, on site security and twenty-four hour concierge service. Residences at the MGM Grand amenities include twenty-four hour front desk and concierge service and guarded security at the entrance. One Las Vegas include guard gated residency.

Off the strip:
Islands at Spanish Trail (southwest of the strip) has such amenities as guard gated, tennis community, spa and pool.

Many other units have nearby outside amenities such as pools, and nearby shopping within walking distance. Other units have a more private setting such as gated communities, golf courses and/or lakes. Choose the lifestyle you prefer.

Short Sales in Las Vegas

Bryan Mitchell — Mon, 29 Mar 2010 17:32:21 +0000

It wasn’t that long ago there wasn’t anything short about short sales. Today’s market is REO ( bank owned ) and short sale driven and thankfully, this process is getting faster and better with time. The short sale involves a bank agreeing to allow the home to be sold for less than the money owed. Short sales have always been around just not to the extent of today’s market. With more and more banks streamlining the process and the ability of seller’s to price homes aggressively, there are definately buys to be had with a short sale. Are short sales guaranteed to close? No. Are short sales fast and easy? It’s definately getting better and the percentage of homes closing is higher. Short sales might not be for the faint of heart that need a guarantee but if you’re willing to do your homework and make offers, you might end up with a very sweet deal on a house the seller probably paid hundreds of thousands more for, just a few years ago. Other than the lender approval, everything else including inspections, contingencies, etc. is treated like a standard sale and not avoiding short sales because of a few unknowns will certainly open up a large segment of the market to you. Many homeowners have come to the conclusion that the market is not going to go up as fast as their adjustable mortgage payment is, leaving them stuck in a house they owe more on and needing to move forward with their life. For some homeowners, selling their home in a short sale and being able to move forward can be the best alternative out there.

Selling Your Home in Las Vegas, NV

Bryan Mitchell — Tue, 23 Mar 2010 16:31:10 +0000

Is it time to sell your Nevada home? If so, you are in luck. The home sales in Las Vegas, Nevada remain steady and this is the time to sell. It is still a seller’s market, as people are flocking to the area. The interest is not only in the benefits that Las Vegas itself offers it’s residents like gambling and great restaurants. It is because of the climate that people will always want to purchase a home in Las Vegas, Nevada.

One thing that potential buyers in Las Vegas will look for is a swimming pool. If you have a pool, you are one step ahead in the selling process. Make sure your pool is always full, clean and sparking. I know if I were to buy in that type of warm area I would only look at homes with in ground pools. In many areas a backyard swimming pool would be a turn off to potential buyers. However, in the area of Las Vegas a pool may be the deciding factor in the sale of your home.

If you do not have a swimming pool in your back yard that does not mean your home will not sell. No matter what options your home has, be prepared daily for realtors to bring potential customers. Make sure your yard and entry way are clean and welcoming. Make sure the kitchen and bathrooms are sparking clean. A clean and neat home will surely turn a buyer’s head in your direction!