Real estate and community news for the Silverado Ranch area of Las Vegas, NV
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Tuesday, May 21, 2013
Ready to Sell Your Home Quick
If you are looking to sell your home quick and the thought of people roaming through like your home is the newest casino on the strip does not sound appealing, I have the answer. I will get your home sold in 72 hours.
I have a buyer, looking to buy hundreds of homes in Las Vegas for cash. This buyer will pay current market value and will make sure the seller gets a fair deal.
How this works is the 72 hour agreement to have Mike Kruse with Vegas International Properties sell you home starts as soon as the listing agreement is signed. Mike will present your home to the buyer and they will evaluate if it makes sense for them. If it will work, you will get a signed offer and you will have the opportunity to accept, reject or counter offer. Once an offer is fully accepted escrow will be opened and you will close in as little as 14 days. If you do not have a fully accepted offer after 72 hours, the listing agreement is cancelled.
Sell now while prices are up. Call Mike today at 702.286.3434 or email mike@lvhomesbymike.com
Thursday, May 16, 2013
Las Vegas Home Prices Still Going Up!
According to Trulia, Las Vegas homes are not just undervalued and still have room to go up. According to the study, home prices here in Las Vegas are the most undervalued in the United States. The Las Vegas housing market is under valued by 24% according to the experts at Trulia. I could not agree more as I am seeing this everyday. Multiple offers well over list price are normal in the current real estate market here in the Las Vegas valley. Buying a home is not an easy task. In a normal market you would go find the home you like, negotiate the price and be done. Now finding the home is most of the battle. Just this week I experienced a situation where I presented my clients offer in person in hopes of winning over the other 13 offers.
Some people will argue that with prices going up that this is another housing bubble. Jennifer Robison at the Las Vegas Review Journal said it best "The only bubbles in Las Vegas are in the nightclub champagne."
If you want to purchase a home, you need to be aggressive. Don't pay attention to the list price. Go based off what you feel the value is and comparable sales in the area. Unless you are paying cash, you will need the property to appraise at the sales price in order for you to get a mortgage so don't be afraid that you are over paying. In some instances the appraisals are coming in low but sit down and review the appraisal with your agent. You may still be better off paying the appraisal difference in cash than starting the race to find another home. As long as Las Vegas homes are undervalued, expect multiple offers and sales prices well over the list price. It is a great time to be a home seller. To buy or sell a home in the undervalued Las Vegas home market use this link.
Thursday, May 9, 2013
Sold!
Just closed a home for my clients in the Terracina subdivision in Silverado Ranch. The 2,777 Sq. Ft. home features 5 bedrooms and sold for $245,000. The Terracina neighborhood is north of St. Rose Parkway off Gillespie Street near the M Resort.
The large open floor plan on the first floor are what drew my clients to the home along with the larger backyard that they simply could not find anywhere else. After looking at over 100 homes all across Las Vegas, the smiles on their faces said it all.
Click here to find your new home before it is sold!
Looking to sell, I have buyers, click here for a free home value evaluation.
The large open floor plan on the first floor are what drew my clients to the home along with the larger backyard that they simply could not find anywhere else. After looking at over 100 homes all across Las Vegas, the smiles on their faces said it all.
Click here to find your new home before it is sold!
Looking to sell, I have buyers, click here for a free home value evaluation.
Tuesday, May 7, 2013
Home Prices Increasing
According to Corelogic, who released a report today, Nevada ranked as the number 1 state in terms of housing appreciation. Home prices have been rising here in the Silver State for over a year now and the latest year over year increase is over 22%, through April 2013. What does all this mean to you as a home buyer or seller?
Home buyers, it is no secret that inventory is low. While there have been modest increases in inventory over the past couple weeks there are still less than 4,000 homes on the market in the Las Vegas valley. Due to the low inventory, prices will continue to increase. Expect a 2-3% increase every month at least. So to get the best dealk try to buy now.
Home sellers have the upper hand in this market. Fewer than half of all home sales in the Las Vegas area are now short sales or foreclosures. This is great news for home owners. Prices up means if you needs or want to sell, you can do so and make a profit in many cases. With home prices increasing, those that purchased or pulled out large sums of money on their homes between 2004 - 2008, you are probably still under water and will need to short sale if you want to sell your home.
If you are still under water on your home, the Mortgage Relief Act is still in effect through 2013, but short sales take a while so I recommed getting your property on the market as soon as possible in order to avoid any tax penalties for short selling.
Click here to get your homes value or to see available homes on the market.
Home buyers, it is no secret that inventory is low. While there have been modest increases in inventory over the past couple weeks there are still less than 4,000 homes on the market in the Las Vegas valley. Due to the low inventory, prices will continue to increase. Expect a 2-3% increase every month at least. So to get the best dealk try to buy now.
Home sellers have the upper hand in this market. Fewer than half of all home sales in the Las Vegas area are now short sales or foreclosures. This is great news for home owners. Prices up means if you needs or want to sell, you can do so and make a profit in many cases. With home prices increasing, those that purchased or pulled out large sums of money on their homes between 2004 - 2008, you are probably still under water and will need to short sale if you want to sell your home.
If you are still under water on your home, the Mortgage Relief Act is still in effect through 2013, but short sales take a while so I recommed getting your property on the market as soon as possible in order to avoid any tax penalties for short selling.
Click here to get your homes value or to see available homes on the market.
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