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Tuesday, May 21, 2013

Sell Your Home in 72 Hours


Here in Las Vegas you can sell your home in 72 hours.  The current market is crazy and with the continued low interest rates, buyers are everywhere.  Prices are up 30% over this time last year and there are fewer short sales because prices are up.  In April 2013, 55% of home sellers received cash at the close of escrow. 

Here is the deal, I have a buyer with $1 Billion dollars in cash wanting to buy homes.  If you don't want people trampling through your home, this is the way to go.  This buyer will pay current market value and will not try to under cut you. 

With my 72 Hour listing, you sign the listing agreement, I contact the buyer and tell them about your home.  They will either view the property or write an offer based on the photos I take at the listing appointment.  If after 72 hours, you do not have a fully executed contract and you are free to go about your business. 

The only fine print is that the home must be in the Las Vegas valley.  This deal is valid until the billion dollars is spent.  No reason to wait when you can sell your home in 72 hours.  Contact me at 702.286.3434 or email mike@lvhomesbymike.com

Thursday, May 16, 2013

Las Vegas Homes Are Undervalued


According to Trulia, Las Vegas homes are not just undervalued, they are the most under valued in the United States.  The Las Vegas housing market is under valued by 24% according to the study.  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.

Monday, May 13, 2013

Buyers Smell


Saying buyers smell, I don't mean they stink.  Home buyers use more than their eyes when deciding on a home to purchase.  I have shown several homes over the past few days, most vacant properties.  As soon as the front door is opened, it hits you.  The smell! 

When selling your home not only does it need to look good, it needs to smell good too.  It is amazing what a coat of paint can do and if you have pet or cigarette odors in your carpet you may consider replacing it.  Not only will your home sell faster, it will likely get more in return than the cost of the carpet. 

On nice days or evenings, open your windows and allow your home to air out and let the fresh air in.

If your home is listed  for sale make sure to empty the trash regularly and make sure their are no dirty dishes in the sink.  Odors can be more offensive to people than holes in walls.  A hole in a wall, a prospective buyer knows they can patch but a smell they are unsure what it will take to get it gone.

Click here to search for your new home that is odor free.

Saturday, May 4, 2013

What Will My Payment Be?

When shopping for a home, the question always in your head is "What will my payment be?".  The best thing to do before you even begin home shopping is to find out how much home you can afford and what payment you are comfortable with.  Speak with a loan office at your bank, credit union or local mortgage broker.  Find someone reputable.  The number 1 reason real estate transactions don't close is because the loan officer fails to perform or flat out lies to their client.  Another great resource for a reputable mortgage person is your real estate agent.  I have a group of people I work with on a regular basis and I know who can and cannot get the job done properly and professionally.  Get pre-approved and you know what you can afford and an idea of what the payment will be.

Wednesday, May 1, 2013

Lake Las Vegas Real Estate


As the weather heats up, our minds turn to cooling off. Where better to cool of than Lake Las Vegas.  Lake Las Vegas real estate is on the rebound just like everywhere else in the Las Vegas and Henderson areas.  With homes ranging in price from $228,000 up to $4 Million.  Condos start in the mid 100's. 

There is life in the Village at Lake Las Vegas too.  All the hotels in the community are open as well as Casino Monte Lago  and all the shops and restaurants in the village along the lake.  Oh, don't forget about the golf. 

The Italian architecture along with the peaceful serenity of the desert makes Lake Las Vegas a place like no other.  Being out at Lake Las Vegas is like a world away from the rest of Henderson and the Las Vegas valley.  Although still close enough to be on the Las Vegas strip in 25 minutes.

Imagine waking up with the sun glistening off the lake and nearby foothills block the city lights just enough for picture perfect views of the stars at night.

To view homes and scope out Lake Las Vegas real estate use this link.