Here we are in 2013 and you are ready to buy a home. Last time you went house hunting there were all those magazines at the grocery store to pick up and browse through. While those magazines may still be there, the houses in them are long gone.
We now live in a world of instant gratification and it could not be more prevalent than in the world of real estate here in the Las Vegas area. Listings come onto the market and within hours have multiple offers. How does anyone get a chance at these homes? The secret way must be on the Internet. Right? Well the Internet does have great access to homes on the market and certainly better than magazines but sites like Zillow and Trulia will showcase homes for weeks if they are short sales and waiting banks to approve the sale to an offer already accepted. How about Realtor.com, while Realtor.com is essentially direct access to the MLS this must be the perfect website? Realtor.com also will show properties contingent upon bank approval that have accepted offers.
The best source for finding properties currently available is your Realtor. Your Realtor can set up a personalized search specifically for you with the criteria you are looking for in a home and set it to automatically notify you as soon as the home comes on the market. In the real estate business there is a phrase, "time is of the essence" meaning having the 1st offer in gives you a leg up on the competition.
When you do find that perfect home, don't get too excited until you have an accepted offer signed by the seller.
Thursday, February 28, 2013
Wednesday, February 27, 2013
$138,000 Brand New Las Vegas Home!
Don't let that title fool you. This is true. Here in the Las Vegas area prices have risen consistently over the past 6 months and within the past 30 days, most accepted offers for resale homes have averaged 12% over list price. This make purchasing a brand new home all that much more enticing. Don't have to wait for your offer to be "Accepted" or be in a fight with 12 offer offers, yes that is happening.
With brand new construction, you get piece of mind in knowing that everything works and even has a warranty. Additionally, in most cases you get to choose what goes into your new home and it is completed when you get the keys.
Here in Las Vegas, purchasing a brand new home has become the easy way to buy. Contact me for information of new home communities throughout Las Vegas, North Las Vegas and Henderson. Also get the latest market conditions by following me on twitter @lvhomesbymike.
Update: As of 4/24/13 Townhomes are available at $137,990. $138,000 for a brand new Las Vegas home is a great deal. Bidding wars are still happening so take advantage of this smoking deal because prices continue to increase.
With brand new construction, you get piece of mind in knowing that everything works and even has a warranty. Additionally, in most cases you get to choose what goes into your new home and it is completed when you get the keys.
Here in Las Vegas, purchasing a brand new home has become the easy way to buy. Contact me for information of new home communities throughout Las Vegas, North Las Vegas and Henderson. Also get the latest market conditions by following me on twitter @lvhomesbymike.
Update: As of 4/24/13 Townhomes are available at $137,990. $138,000 for a brand new Las Vegas home is a great deal. Bidding wars are still happening so take advantage of this smoking deal because prices continue to increase.
Monday, February 25, 2013
Las Vegas is a Seller's Market
The real estate market here in the Las Vegas area has truly become a seller's market. What is a sellers market? A sellers market is a period in which the home seller is in the drivers seat in the selling process. That means the seller does not have to make many concessions to a buyer in order to sell his or her property. What does this mean for the buyer:
1) Multiple Offers - more offers on a single home means you are less likely to get that house.
2) Higher Prices - Over the past 30 Days, homes in Las Vegas have sold for an average of 12% over the listed price.
3) Less from Sellers - In most cases the buyers have to pay their own closing costs and the sellers are less likely to do any repairs you request. The seller's though is you, the buyer, are just lucky to get the home.
The good news is that with prices going up, many home owners are no longer under water and we are seeing fewer short sales and more "traditional" sales. Traditional meaning the seller actually makes money on the sale of the home. One thing is always constant and that is the real estate market is always changing, it never stays the same even day to day.
For more information if you are planning on buying or selling, contact me directly at 702.286.3434 or for the latest local real estate market conditions, follow me on Twitter @lvhomesbymike.
1) Multiple Offers - more offers on a single home means you are less likely to get that house.
2) Higher Prices - Over the past 30 Days, homes in Las Vegas have sold for an average of 12% over the listed price.
3) Less from Sellers - In most cases the buyers have to pay their own closing costs and the sellers are less likely to do any repairs you request. The seller's though is you, the buyer, are just lucky to get the home.
The good news is that with prices going up, many home owners are no longer under water and we are seeing fewer short sales and more "traditional" sales. Traditional meaning the seller actually makes money on the sale of the home. One thing is always constant and that is the real estate market is always changing, it never stays the same even day to day.
For more information if you are planning on buying or selling, contact me directly at 702.286.3434 or for the latest local real estate market conditions, follow me on Twitter @lvhomesbymike.
Wednesday, February 13, 2013
2006 All Over Again!
The current real estate market in the Las Vegas valley is like 2006 all over again. The investors are flooding the market and there are simply not enough homes for everyone that wants to purchase one. This has driven prices up 25%+ over the past six months.
There is good news though if you are looking to buy there is new construction popping up all over the Las Vegas valley. There are new townhomes as low as $120,000 and new houses as low as $135,000. Typically the homebuilders will only sell to people that intend to occupy the home.
For the latest information on the Las Vegas real estate market follow me here or on Twitter at lvhomesbymike. Contact me at mike@lasvegashomesbymike.com and mention you saw this blog and I will pay for a home warranty when you use my services to buy or sell a home in the Las Vegas or Henderson, NV area.
There is good news though if you are looking to buy there is new construction popping up all over the Las Vegas valley. There are new townhomes as low as $120,000 and new houses as low as $135,000. Typically the homebuilders will only sell to people that intend to occupy the home.
For the latest information on the Las Vegas real estate market follow me here or on Twitter at lvhomesbymike. Contact me at mike@lasvegashomesbymike.com and mention you saw this blog and I will pay for a home warranty when you use my services to buy or sell a home in the Las Vegas or Henderson, NV area.
Subscribe to:
Posts (Atom)