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702-354-4679


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Archive for May 2010

Luxury Homes in Las Vegas, NV

Tuesday, May 25th, 2010

Las Vegas, Nevada is one of the most suitable locations in the country for luxury homes.
The combination of colorful desert terrain and beautiful mountains provide breathtaking views for luxury homes located just outside the Las Vegas strip. Whether it is a master planned, retirement, or country club community, luxury homes in Las Vegas, N.V. are obtainable for every lifestyle. Mediterranean inspired master planned communities provide accommodation for some of the most luxurious homes in and around Las Vegas, Nevada. Golf courses, relaxing spas, pools, and lush landscapes are everyday amenities presented in these luxury home communities. There are numerous communities geared toward the active, family lifestyle. These communities are frequently endowed with rugged walking trails, numerous remarkable parks, or fully equipped fitness centers.

Luxury homes in Las Vegas, N.V. are known for being constructed by a quantity of national, well known home builders such as Pulte Homes, Toll Bros., and Del Webb. Designed and focused to indulge active and comfortable lavish lifestyles, unique floor plans with detailed and well appointed amenities are accentuated throughout these luxury homes. Granite counter tops, extensive gourmet kitchens, stunning bathroom designs, innovative floorings, and exquisite master suites are customary to these award winning luxury homes.

There is more than just gambling, tourism, and entertainment in Las Vegas Nevada. It is a magnificent place to live, with top rated schools, beautiful gated communities and neighborhoods, and hospitable people. Clark County School District is the sixth largest school district in the United States with several schools rating among the nations top ten in testing. Expect incredible weather with an average of 325 sunny days per year in Southern Nevada. Las Vegas shopping and dining has risen to excellent status while the entertainment is comparable to that found on Broadway. Market prices combined with the amenities, family activities, and spectacular views make purchasing a luxury home in Las Vegas, Nevada a precious endeavor.

Finding Real Estate Owned Homes in Las Vegas

Tuesday, May 25th, 2010

Las Vegas experienced one of the largest declines in its housing market. It had the highest foreclosure rate in the country according to Realty Trac. However, home sales are improving with the average priced home in Las Vegas hovering at around $200,000.

With the sheer numbers of foreclosures on the market buyers have an abundance of inventory to select. In fact many realtors are specializing in REO properties. These properties are owned by banks and are usually sold through realtors, and sometimes auction houses such as REDC. Because of the distress nature of the transactions banks are eager to sell these properties and often at bargain prices.

Many REO property listings can be found on the internet. For example, at www.mortgagenewsdaily.com//REO_Database_List.asp you can find listings from about 29 major banks including JP Morgan Chase, HSBC, and Bank of America. Here you can select the homes in Las Vegas by city and state or simply by zip code. You will get a picture and detailed information regarding the property including driving directions from your location. For example on the JP Morgan database there is listing for a 2 bedroom and 2 bath condo for $30,700. If interested in the unit there is a tab that offers you information on the listing agent.

There are many REO properties to choose from but like any investment it is wise to do your research. Most REO properties are sold as is so the buyer really needs to perform a property inspection ahead of time. However, these properties are free of liens as the banks hold the cleared title. REO properties are also found on foreclosure subscription sites such as Realty Trac. Another option is REDC which is an auction house that sells bank owned property and has a site at www.auction.com. Here buyers can view listings of upcoming properties that will be auctioned and even view when the open house will take place. The downside of this method is that there is a 5% buyer’s premium and not all properties are eligible for financing. Still some are more comfortable working with a realtor. The site www.trulia.com offers information on properties and realtors in the Las Vegas market. On this site you can also ask questions of potential realtors regarding market conditions and various real estate transactions. The Las Vegas market offers a large inventory of homes with many methods to seek the best property. Preparation and research are the keys to finding that Las Vegas home of your dreams.

Forclosures in Nevada

Monday, May 3rd, 2010

I live in Las Vegas, Nevada. In my county alone which is Clark County, there are over 12175 homes that have been forclosed as of March of 2010. That’s a good and bad number. Why good and bad you ask? Bad because that is a lot of families or people in general that have lost homes and had to relocate due to the economy. Good because those that have survived the “recession” are now able to reap the benefits of all the now low prices on homes. I am proud to write this article to say that I am one of the ones that can reap the benefits. Banks are going crazy to find decent customers to finance a home too. As long as you have a good down payment decent credit, you can actually obtain the house of your dreams or if you dream bit close to it. I just did some research on www.lasvegasfreeforeclosurelist.com and a home with 5 bedrooms and 3 full sized bathrooms is on sale for $212,000!!!! In Las Vegas that home is normally for about $300,000. If you live in the Reno area on realestate.yahoo.com, homes with 4 bedrooms and 3 full sized bathrooms are being sold for $242,900!!! The point is, with the banks owning the majority of the homes in the Nevada area, homes are being sold for dirt cheap right now. Even if you don’t have the greatest credit in the world, save your money and increase your down payment. Nothing gets a bank excited more than a large down payment. Don’t feel rushed though, the economy is still bad and these homes aren’t going anywhere as long as unemployment is still on the rise. So be patient ang pick your dream home soon. I know I am!!!!

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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