Henderson

Earlier this year, the list of the 20 Top Selling Master Planned Communities for 2016 was released by research firm RCLCO, and to no one’s surprise, two extraordinary Las Vegas area master planned communities were included on that list – and you don’t even have to go past #7 to find them.

Clocking in at the #5 position is Summerlin, and at #7 is Inspirada. (Woo-hoo, Las Vegas and Henderson!) Plus, Mountain’s Edge, Providence, and Cadence also made the list of the Top 50 Master Planned Communities. That’s pretty solid proof that the real estate market in Las Vegas is recovering well from the Great Recession – (something we’ve known for some time). Considering the popularity of these areas, it occurred to us that if you’re just thinking about moving to the Las Vegas valley, perhaps a primer in a few of the successful master plans might come in helpful! Remember, this list is by no means exhaustively complete – because Las Vegas continues to grow and attract new residents from all over the country – but it can come in helpful to give you a sense of the ‘lay of the land’ to get your in-person home search under way soon.

Summerlin

Located along the western rim of the valley at the edge of Spring Mountain and Red Rock, Summerlin is the largest master planned community in Las Vegas – covering 22,500 acres. More than 100,000 people live there – which is about 5 percent of Clark County’s total population. Well-known for its thoughtful neighborhoods, beautifully landscaped avenues, and numerous parks, community centers, and hiking and biking trails – Summerlin lies at the higher end of the Las Vegas elevation with many homes offering picturesque views of both city skyline and nearby mountains – capped by the close proximity of Red Rock Canyon National Conservation Area. Many of Las Vegas’ finest homebuilders offer new communities in the various villages at Summerlin, where buyers can find both production and custom homes to choose from. Summerlin itself began selling homes in 1990, so the resale opportunities in this area are immense.

Inspirada

This 1,900-acre project is located in the heart of Henderson (which Bloomberg Businessweek ranked as one of America’s 50 Best Cities – and named America’s Second Safest City by Forbes Magazine in 2011). Situated on the southern edge of the valley, it’s among the top-selling master planned communities nationally, as we mentioned – with builders closing 564 new-home sales in Inspirada last year, up 45 percent from 2015. Nationally recognized homebuilders in this master plan include Beazer Homes, Century Communities, KB Homes, Pardee Homes, and Toll Brothers. Inspirada’s park system is one of the defining features here – with four already built and 85 acres of parks and trails planned. Community events are varied and inviting to residents of all ages, and homes range from approximately 1,500 to over 4,500 – priced from the $200s to the $400s.

Mountain’s Edge

Located in the southwest part of the valley, this 3,500-acre master planned community calls for 14,500 homes in more than 22 neighborhoods that will include multiple schools, stores, office space, and shopping centers. Builders include D.R. Horton, Woodside, Beazer, Pardee, Discover, Lennar, Toll Brothers, KB Homes and many others. Mountain’s Edge features hundreds of acres of land devoted to open spaces, parks, and trail systems. It was developed as the region’s first drought-tolerant community, estimated to save over 200 million gallons of water annually vs. traditional grass sod landscaping. Close to both the city and stunning mountainscapes and featuring an active community event calendar, Mountain’s Edge began in 2004 and was the #1 selling Las Vegas community from its opening through 2008. Both new and resale homes are available at Mountain’s Edge to explore.

Providence

Found in the northwest Las Vegas valley, Providence is a 1,200-acre master planned community that will ultimately include about 7,500 single and multifamily homes in 39 different neighborhoods. Located near schools, shopping, dining and the 215 Beltway/U.S. Highway 95 access. In addition to being in close proximity to both Nellis and Creech Air Force Bases, Providence attracted new-home builders KB Homes, Lennar, Pardee, Richmond American, Ryland, Warmington Residential, Woodside and Summit Homes. With acres of neighborhood parks and trail systems, a thriving community center and an active event calendar, Providence has previously ranked in the Top 10 master planned communities in the country. Winding avenues and numerous amenities have made Providence a lovely and peaceful addition to the Las Vegas landscape. Next stop: Mount Charleston!

Cadence

Located near the intersection of Lake Mead Parkway and Boulder Highway in Henderson, Nevada, Cadence is a 2,200-acre master planned community calling for 13,250 homes, over one million square feet of commercial property, 30 acres of trails, six schools, and a casino resort. Homebuilders include Richmond American, Lennar, Ryland, Woodside, and more. Schools, shops and restaurants are right inside this community – along with parks, pools, and trails – with the 50-acre Central Park a main draw (amphitheater, pickleball, and free wifi anyone?). Add in a bike-share program, and close proximity to Lake Las Vegas and Cowabunga Water Park – and you’ve got the makings for Las Vegas fun any time of year.

Keep in mind that both new and resale homes are available for purchase in all these areas, too. And whichever route you choose for your Las Vegas home, you can rely on the experienced services of the New Home Resource Team to look after your interests and ensure a smooth and seamless transaction.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or visit www.newhomeresource.com. Broker Joanna Piette, and agents Denise Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

A reminder to everyone – because this is one of our favorite annual charitable events – that PEDAL 4 POOCHES is happening this coming Saturday, October 1! The New Home Resource team will be taking part in this ride for the animals – won’t you join us?

Created to benefit local animal rescue organizations, this is the third year Barry and Karen Lasko are hosting this family-friendly bike ride event to raise awareness, funds, and gather much-needed items for those pets who don’t yet have their “forever home.”

This year, donations will be given to the NSPCA and Heaven Can Wait Animal Sanctuary. Riders and non-riders alike are invited to join the fun and bring their donations of:

• Pet food
• Blankets
• Beds
• Towels / Linen
• Animal supplies
• Cleaning supplies
• Grooming items
• Leashes / collars
• Money (always desperately needed for medical and other care)
• And you can even check out the NSPCA Amazon Wishlist and Heaven Can Wait’s Amazon Wishlist to purchase items online directly

All of these items and all the funds – as always – will be donated in their entirety to these rescue organizations. We invite you to help us set a new record and let’s just overwhelm these great animal charities with kindness this year!

It all begins at 8:00am on Saturday October 1 at 1226 Kover Court Henderson, Nevada, 89002. And after the ride – the event wraps up at the same place with a Potluck Dinner at the Lasko’s farm.

It’s your chance to “wow” your fellow pet-loving do-gooders and bring your crowd-pleasing special Potluck Dish!
If your last name starts with A-L, bring a salad or side dish. If it starts with M-Z – bring a dessert!

So join us this Saturday – and if you’d like to play an important role in helping homeless animals, too – contact our office at (702) 365-1000 to find out how you can participate in the ride, make a donation, or maybe even do just a little bit more! (If you also happen to have time to volunteer to these organizations, they can surely use it!) Remember – all those furry little paws are counting on you! ☺

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

A few weeks back, we wrote a short list of the five most important housing pitfalls buyers should avoid when shopping for a home. As we said at the time, there were several other things to watch out for, and we’d fill you in on more of them soon. Well look! It’s already “Soon”! Let’s continue on with our ‘Home Buying 101’ recommendations that cover topics you may not be aware of – but definitely want to consider in your search for the right home to buy.

First, a little refresher course on the first five housing pitfalls we shared with you back in April, 2016:

1. Not Letting Your REALTOR® Do Their Job
2. Decide What You’re Looking for in Your New Home
3. Stay IN Your Budget
4. Get Pre-Approved for Your Mortgage Loan Before You Go House Hunting
5. Choosing The Right Lender

All of these are truly critical points that can make a difference in being happy with your choice of home and being able to afford it after the closing. Feel free to take a refresher course/walk down memory lane by reviewing the reasons why in that previous article here.

But what else could there be that you might not have thought of? How about . . .

6. Letting the Home Staging Distract You
Sellers are pretty savvy these days – and if they’re not, their Realtors® often are. One of the top priorities is to do all they can to make their home appealing to potential buyers. At the minimum, that might mean just getting rid of clutter and keeping it clean. But there’s a reason that “professional home staging” is now a career option. This is when buyers will manipulate the scene with the intent of appealing to your emotions (rather than logic). Because once that tug starts on your heart, you may not notice that the furniture is just a bit smaller than normal (which makes the room look bigger); you didn’t catch the condition or style of windows because they’ve been dressed up with attractive coverings; and that rug on the floor is just gorgeous – until you lift it up to see the damaged floor beneath it. The point of good home staging is to make it easier for you to envision yourself in that home, but once that love affair begins, sometimes people have a tendency to minimize what are legitimate objections to justify their ardor for a property. There’s nothing wrong with falling in love with your home – just be sure you get to see it for what it actually is, not just the good parts it presents to you (with a little help, that is).

7. What About Cosmetic Issues?
This one is sort of a double-edged sword. By their very nature, cosmetic issues (nails in the wall, nicks in the doorway, a chipped counter tile, poor choice of paint color, etc.) – are relatively easy to address, not too expensive to fix, and aren’t indication of any major mechanical or structural problems. Or are they? While minor cosmetic issues shouldn’t be the cause for you to automatically say ‘no’ to a home, you do want to be aware. How can you know the difference? If superficial problems are also paired with signs of neglect – such as a lawn that hasn’t been cared for over a long period, unusual odors in the home, or if these “minor” issues could theoretically have led to problems if left untended for too long. Sometimes, people just didn’t get around to touching up the little things . . . but then again, as a seller, they should be putting their best foot forward, so really give some thought to the types of minor items you discover when viewing a home. Just in case.

8. Stop Watching Home Repair Shows on TV Before You Start Home Shopping
No – really. Stop it! Those HGTV home makeovers you love to watch come complete with a whole staff behind the scenes to make it all happen. For the most part, you’re not going to have your own crew of minions to do the same bidding for you (although if you do, we need to talk!). Besides that, you know it takes more than 30 minutes and $500 to tear out a kitchen and rebuild it with new cabinets, countertops, plumbing fixtures, etc. The thing is, these shows give you the feeling that major projects are a lot easier (and cheaper), than they really are. So don’t start your search for a home by thinking you can save a few bucks and just add electrical, plumbing, and load bearing walls on your own. Read our lips: It ain’t gonna turn out that way. Besides – are you buying a home so you can enjoy living in it, or one that will be in permanent tear-out mode as you try all the DIY fixes you’ve watched on TV (while still holding down your day job, by the way)?

9. Make Sure to Research Your Neighborhood
You have a preference for where you want to live – most people do. Whether it’s near your work, an urban center, or to be in the best school district for your kids – we all start with a wish list. (Like, “Why don’t the people in that house just move and let us buy it?” Yeah, we’ve thought that before, too.) The thing to remember is that you can change your house to fit your lifestyle by upgrading or remodeling – but you can’t change the neighborhood. (Seriously – it’s no fun to be living in your dream home in a nightmare neighborhood!) So do your due diligence – and this is something you can do on your own: If schools matter, speak with the principals or the parents of other kids who attend. Find out what sort of community events take place in your vicinity. Safety is an issue – and now there are plenty of online resources where you can check crime reports nearby (Trulia is a good source for that). Visit the stores and places you would plan to shop if you lived there and make sure they feel comfortable to you. (There can be a lot of reasons they do or don’t, but those would all be personal assessments you should make yourself.) Drive up and down the streets in your immediate area to make sure houses are well-tended; check property records to see if there are any trends of foreclosures; look for signs of vacant homes. As information continues to become more readily available, it’s just a matter of using the resources that are out there. Reassure yourself that THIS “Dream Home” is where you’ll be doing a lot of happy dreaming!

10. Don’t Make a Purchase Out of Desperation
This one might be a little harder to enforce, because people have many different reasons for wanting or needing to purchase a home within a certain time frame. The only thing we’d like to suggest is that you keep that ‘desperation’ in mind when you consider making an offer on a home. When prices are rising, buyers get anxious and sellers get greedy (human nature or capitalism, take your pick!). When a buyer has been losing out on home after home because it’s a seller’s market, it can be easy just to get tired of looking and tell yourself “I don’t care – just buy it.” That may put you over-budget (leaving you with long-term financial distress)… in the wrong area… , or just plain in the wrong house. Or, you may end up paying far more than you should for the marketplace. If at all possible, we recommend creating a back-up plan. Your New Home Resource Realtor® can recommend options for short-term or corporate rentals to help ease you into a soft landing while you make the right decision about which home to buy.

As we’ve mentioned many times before, buying a home is a bigger process than many people consider. Working with the right Realtor® can make all the difference in making a smart purchase that you’ll love for years to come, or letting too many other factors influence the most important thing: This is to be your home. It needs to be right. New Home Resource can help you with that. Just give us a call to find out how. 702.365.1000.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

Autumn is almost upon us, and almost as soon as it launches itself (that would be September 22 – for those who keep track of these things) – our New Home Resource team is going to be taking to the street in support of Las Vegas pets who need our help!

More specifically, we’re super-jazzed about the upcoming “Pedal 4 Pooches” event that comes around every year – thanks to a couple of devoted, local animal lovers who work hard to make it happen.

This annual bicycle ride takes place every fall around this time – and this year, it will all happen on Saturday, October 1. Starting at 8:00am, enthusiastic supporters (like all of us pet-lovin’ New Home Resource folks!) will take to the Henderson roads on our bicycles to help bring awareness to the plight of homeless pets in our valley – and to raise funds and accept donations that are sorely needed.

Hosted by local pet-lovers Barry and Karen Lasko (and you can check out the Facebook event here) – “Pedal 4 Pooches” invites everyone – riders and non-riders alike – to bring their donations of pet food, blankets, beds, towels, etc. – all of which will be given to local animal charities. And as we all know, animal rescue organizations are always in need of monetary assistance to provide medical and other care for their charges – so any donations of funds will be passed on in their entirety, as well.

We’re excited to take part in – and help share the news – about this fun, family-friendly event that brings together people for a wonderful common cause, gets us all outdoors and moving in this great autumn Las Vegas weather, and to icing on the cake is: the event all wraps up with a BBQ at the Lasko’s home. (Fun, friends, family, and food – the most important “Four F’s” ever!)

Pets play a major role in our lives, as shown by decades of scientific study that confirm their importance to our physical and mental health, our sense of well-being, and even to banish loneliness. Not that we need the research to convince us – because our pets have been saving our sanity and bringing us joy and happiness for, well, Ever!

Their unconditional love is, unfortunately, not always reciprocated. There are so many pets in need here in Las Vegas, that helping to lighten that burden and bring awareness of their needs to our community is of particular importance to everyone at New Home Resource.

So we invite you to join us on October 1 – and if you’d like to play an important role in helping homeless animals, too – contact our office at (702) 365-1000 to find out how you can participate in the ride, make a donation, or maybe even do just a little bit more! Remember – all those furry little paws are counting on you! ☺

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

For many people, a pet is a constant source of happiness, affection, and joy. It’s a scientific fact, actually, that pets are good for our physical health and our emotional well-being!

So is it any surprise that this source of unconditional love and devotion inspires us to strive harder to become the person they think we already are? Seriously, though – would you trade for anything, that moment at the end of a difficult day when you’re greeted at the door with a wagging tail and a happy face? For us, it’s like our own little slice of heaven on Earth, because they mean the world to us.

Sadly, though, we recognize that not every animal has it as good as the ones we have at home. That’s why at New Home Resource, among the several non-profit organizations we volunteer our time, effort, and funds to throughout the year, helping local animal rescue organizations is high on that list, too.

One of those events is coming up on October 1, and the New Home Resource family is excited to participate in this one yet again! It’s called “Pedal 4 Pooches”– an annual bicycle ride event that takes place in Henderson and is hosted by local pet-lovers Barry and Karen Lasko. (You can check out the Facebook event here!)

Enthusiastic supporters (like us!) will be ready to hit the bike trail at 8:00am on Saturday, October 1 in this fun, family-friendly event that wraps up with a BBQ at the Lasko’s home. Everyone is invited to bring their donations of pet food, blankets, beds, towels, etc. to be given to local animal charities – riders and non-riders alike.   And as we all know, animal rescue organizations are always in need of monetary assistance to provide medical and other care for their charges – so any donations of funds will be passed on in their entirety, as well.

There’s nothing better than working with people who care. And we’re not just talking about people who do their job well and treat clients with respect while delivering superb service (although those are things that every New Home Resource agent and employee does daily!).

We (thankfully!) all have a life outside of our ‘day jobs,’ and we all have particular causes that are dear to our hearts. So we love it when we can come together as a team to help focus attention on important causes in Las Vegas, because this is our home – and finding ways to make it better, well, it just seems to be part of our VegasDNA.

If you’d like to play an important role in helping homeless animals, too – contact our office at (702) 365-1000 to find out how you can participate in the ride, making a donation, or maybe even do just a little bit more.   We’re counting on you ☺

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

There are a lot of landlords in Las Vegas these days. In fact, ever since the Great Recession when investors took advantage of great opportunities in our city, the number of rental properties in Las Vegas has risen rapidly.

What hasn’t risen as rapidly is the number of quality property management companies. Notice our use of the word “quality.” Because as you know, when any new need in the market is filled – there are usually choices of great, good, so-so, and ‘stay-away-from-these-guys’ options for that service.

That’s why we would like to remind our Las Vegas clients and friends that New Home Resource Property Management is among one of the best choices that Las Vegas property owners can make – that is, if they want their rental homes to be managed professionally and cost-efficiently. And, all that while building a reputation that makes their homes the first choice of qualified renters.

Why hire New Home Resource as your Property Managers?

If any of the following reasons sound familiar, then we should talk:

• You have multiple rental properties.
• You don’t live near your rental property.
• Your time is limited.
• Hands-on management is not your preference.
• You’re inundated with too many tenant issues.
• You don’t want to hire “employees”, thus an independent contractor is your preferred option.

We’re in it for the long-term on your behalf, and we make it possible for you to rest easy knowing that virtually every detail of managing your rental home is being handled by experts. Even better, we provide a personal touch with dedicated software to stay on top of the details and allows you to be in the loop at all times.

That’s why you can rely on us to take care of it all – from marketing to finding and properly vetting new tenants, checking references, collecting rents, handling repairs, taking care of tenant complaints – even pursuing evictions, if necessary. We have the resources and the expertise to make sure it all happens smoothly, without a hitch.

The only thing you need to ask yourself is this: “How valuable is my time?” Let New Home Resource Property Management take the ‘tasks’ off your To-Do list and put them on ours.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

How exciting! You’ve decided to start your search for a home of your own! You’ve looked around at neighborhoods and schools; you know pretty much which part of town you want to live in. You’ve interviewed with different Realtors™ to make sure you’ve found someone who is experienced, familiar with that area, and has a great reputation. You’ve even gotten in touch with a mortgage lender to find out what you can realistically afford – and scored bonus points for getting loan pre-approval!

Your Realtor™ is preparing a list of available homes for you to visit. So now is the time for you to stop and re-assess what, exactly, you’re going to look for.

That may sound silly. You’re probably thinking that certainly by now you’ve put a lot of thought into this and you know what you want in a home. But whether you’re searching to buy a new or used home, you should be aware that some sellers are experts at highlighting the good stuff – and minimizing some things that could be, er, “better.”

Our point is to be prepared by arming yourself with a little knowledge ahead of time. It might even be a good idea to put together a little checklist to refer to as you visit each home. Because you want to make sure you’re not just dazzled by what they want you to see – you want to look closely at the things you know are important to you, and will make your living in that home as comfortable for you as possible.

And you know us – we’re always here for you! So we thought we’d put together a little “cheat sheet” list of some of the things you may want to remind yourself while the ‘dazzling’ is going on. Some things matter more to certain people than others, of course – and certainly, this list is just a start. But we figure it will get you thinking in the right direction. So pick those that matter to you, add some others you have in mind, and then toss the rest.

1. Rooms and alternative spaces. Do you really need 5 bedrooms? Or would 4 bedrooms plus a loft for your home office work? Today’s floorplans are often flexible and multi-purpose in many areas, so view with an open mind, but specific to your needs.

2. Downstairs bed and bath. Is this something you need for frequent guests, or perhaps an elderly relative? Or would you rather discourage the frequent out-of-town guest who uses your home as a free hotel? (Yeah – we’ve all been there. This is Vegas, baby.)

3. Closet space. If your heart is set on having room for your currently overflowing closet, this matters!

4. Low maintenance landscaping. If gardening isn’t your passion, this will make a big difference in how you spend your weekends!

5. The Kitchen. Hardly used? Or your Dream Room? Walk-in pantry? Work island? Counter seating? Picture yourself in this ‘heart of the home’ night after night and make sure it will meet your lifestyle.

6. Electrical Outlets and Wiring. Today’s buyers are wired, wireless, and connected to many different devices. While this might not be a deal-killer, you want to be aware of what’s available to you before you move in so that any changes needed can be budgeted for ahead of time.

7. Yard and fencing. Some people put their pets high on the list of features wanted in a home, and some things are simply non-negotiable. (If you’re one of them, we don’t even need to remind you of this!)

8. Parking. Two or more cars? How does that work with the size of your garage? What about street parking? Do you need to use part of your garage for a workshop? Without considering these things ahead of time, you might end up with a hornet’s nest of a (neighbor) problem after moving in.

9. Insulation. Not just for energy-saving purposes, but can you hear people speaking in the next room? Ooooh. That could get uncomfortable quickly!

10. Water Pressure. For some, this is huge. For others, no biggie. But definitely something to know ahead of time.

11. Neighbors and Traffic Areas. Make sure you take a good look at the surrounding homes, and pay attention to the amount of traffic that the street gets. Best to look at different times of day – daytime, after work, and at night – to make sure you get an accurate image of the total environment.

That’s a start, at least. And your Realtor™ should also be asking important things about whether there currently are any offers, have there been any major repairs (which will be on the Seller’s Disclosure, too), cost of utilities, the Seller’s timeline, etc. Actually, there’s a lot more your agent will be doing on your behalf – but keep in mind, you’re the one who will be living in the home, not your Realtor™. So you know best what you can live with, or not.

For us, the important thing is that you keep your eye on the prize, so when the choice is made and you’re handed the keys, you don’t have any reason to kick yourself because you fell for the “show” they put on while the home was on display. Of course, trading out extra linen space for a fantastic view or a killer back yard is always going to be smart – and your Realtor™ will help you determine the relative value (both emotionally and financially) in a situation like that. We just want you to make sure you’re starting from a point that includes all your “wants” so you’re making that decision yourself (instead of letting them make it for you – when you weren’t paying attention!).

Ready to go shopping now? Let’s get together and Do It!

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to find the perfect property for you. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

In Las Vegas, it’s often a given that the home you buy in a new or established neighborhood is going to include a Home Owners Association (HOA). Yay! Or….not so much? You might have an opinion on that.

One thing that we’ve noticed you rarely see in the headlines, though, are things like “HOA Adds Value to Our Homes” – or “No Trash On Our Streets, Thanks to the HOA!” Nah – most of the reason that an HOA gets into the news is due to complaints, because it’s rare for people to take the time to deliver compliments.

Now, we’re not going to lie and say that we haven’t heard a number of HOA Horror Stories, because we have. But because we deal with the entire Las Vegas real estate market, we also know that their existence is, for the most part, a good thing. Often the reason that HOA’s run into trouble is when reasonable neighborhood residents fail to take an interest in playing a role on the board – and they leave it all to someone else, just assuming that it doesn’t really require their attention because “doesn’t everyone think like me?” Sometimes, that doesn’t work out so well.

Whether you like or hate the rules that come with life in a community association, once you buy that property – you’ve signed on. But those rules are designed to protect property values, and studies show that 70% of people believe they do.

(HUGE DISCLAIMER: Read your HOA documents before you close escrow. Know the rules before you move in – because by moving in, you’ve accepted them all.)

But it’s important to realize that communities with HOA’s are dependent upon the skills and personalities that residents and board members bring to the table. Good communication and transparency are crucial elements of a harmonious relationship between the HOA and its residents. Clarifying where the money goes, sharing information about how decisions are made, and encouraging homeowner participation in rules and expenditures are all part of the responsibilities that the board should take seriously. Think of it as a non-stop process of building and maintaining trust – with a big helping of give-and-take (sort of like having to deal with your extended family at Thanksgiving dinner!).

So we’d just like to remind homeowners that there are reasons you bought your home in that neighborhood – and some of those reasons may not even exist without the covenants and bylaws of the Home Owners Association that govern that community.

If you want to make sure that the HOA you live under is run properly and fairly – then exercise your voice, attend meetings, read the newsletters, stay informed, take advantage of your right to vote and even run for office. Because the only way to keep the bad eggs off the board is to make sure that it’s filled up with good eggs instead!

(One last reminder: HOAs now have the power to report to credit agencies – so even if you have a dispute with yours, stay current on your dues, or your credit may take an unnecessary hit!)

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to find the perfect property for you. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, Lance Partin and Kathy Paterniti are all here to help!

The supply and demand for real estate has been doing some odd things for a while now. The effect of the Great Recession has created a somewhat unusual flow of homes coming onto the market for sale largely based on the actions of large banks intermittently releasing parts of their inventories of foreclosures on their books.

Whether their actions are good or bad for the market isn’t the topic here, though. What we’d like to do is help buyers understand what, exactly, they may be up against as they go shopping for their next home in Southern Nevada. Because one thing we see often is the seller having a choice of which offer they want to accept. And when you have just fallen head-over-heels for a home, it’s scary to think that the final decision of who gets it is completely out of your hands.

Or is it?

While there may be some things that can’t be overcome (for example, when a buyer makes a financial offer much higher than you can afford to pay) – for the most part, people tend to start out on a relatively equal footing. Most people will work with realistic appraisal estimates, most will need to obtain mortgage financing, etc. But there are a few things you can do that might help tip the scales in your favor.

First thing to remember: Sellers are people, too.

Okay, okay – we know that sounds obvious. But what we want to convey is that in being ‘human’ – their opinions and feelings can often be swayed with the smallest of issues; and if all things are equal financially in the multiple offers they received, then what will they base their final decision on?

We like to think that the numerous tips we’re about to give you all fall under one basic umbrella: Respect.

When you have gone out of your way to show a seller respect – for their time, their hospitality, their consideration, and their privacy – those are awfully easy (and free) things you can do in your interactions with that seller to build a bond of sorts that could just get you that purchase contract you’re longing for. Let’s get started, shall we?

Get Your Mortgage Loan Pre-Approved

We tend to harp on this topic in many of our posts – but that’s because it is such an important thing to do for so many reasons. In this particular context – when you’re trying to convince a seller that you are their best choice among many offers – you want to be able to clearly demonstrate these three things:

(a) You can afford to buy this home;

(b) Your financing has already been reviewed and approved by a reputable mortgage lender; and

(c) You are ready, willing, and able to get to closing

Having that ace up your sleeve – especially when many other buyers haven’t taken the same steps already – can easily move your name to the top of that “Consideration” list.

Be On Time

And if you can’t be on time, let everyone know that as quickly as possible.

Acknowledge the fact that selling a home can be a real time-suck. Sellers need to keep things neat, clean, and tidy at all times, rearrange their schedules to meet with Realtors™ and potential buyers, perhaps they’re meeting workmen to get minor repairs done – there’s a lot of work involved for the seller, alone.

So if you’ve made an appointment to view a home, be punctual. Running late? Call ahead and ask if they would prefer to reschedule – and definitely don’t let that happen more than once. Late appointments or no-call/no-shows until after one was scheduled can leave a bad taste in a seller’s mouth – about you. (insert demerit point for that!)

Show Courtesy for Their Home and Space

This is far from being an exhaustive list, since every home and seller will have its own special circumstances. But start with these items as your rule of thumb – and remember, it is simply not possible to be TOO courteous. So when in doubt, impress them with your consideration.

• Be respectful of parking. Don’t inconvenience the neighbors, and don’t block the seller’s cars in the driveway. If you need to walk from down the street a few houses, that’s a small price to pay to avoid making a poorly-timed bad impression.

• Remove your shoes. This may not make a difference to all sellers – but it may make a huge difference to YOUR seller. Stay on the safe side. In many cultures, it is a huge faux pas to wear shoes inside at all. It’s a whole lot easier just to not risk it at all.

• Don’t overwhelm them with a huge group of people to view their home. Try to minimize to just the heads of the household – at least for the initial visit. Forego the parents and best friends accompanying you; and on the first visit, it’s wise to skip bringing the kids. There is a liability that the seller assumes having people in their home – and think about it from their point of view. It’s uncomfortable to have people wander off from the group and then having to wonder/worry what someone is doing in the bedroom when you’re all in the kitchen, etc. If you decide this is the home for you – schedule a time to bring the rest of the household with you to view it at a later date.

• Don’t take photos without asking permission. Especially in this day and age – with the potential for an image to go literally from non-existent to a media sensation in mere moments. Many people go to great lengths to protect their privacy specifically from this possibility. If you’d like some images to help you plan and remember specific things – ask the owner if they would mind if you take a photo, and frame the image it in a way that they will be comfortable with.

Certainly there are many other thoughtful considerations you can put into play during your interactions with a seller – but remember this: You don’t know until you see a home if it may be “The One” that you simply must own. That means you want to practice these particular etiquettes – and perhaps others that your Realtor™ will recommend – with every home you visit in your search. Do that, and you’re going to be miles ahead of your potential competition to be the new owner!

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to find the perfect property for you. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, Lance Partin and Kathy Paterniti are all here to help!

When you work in the real estate industry, it’s easy to get so used to the “lingo” that you forget sometimes the words and terms you’re using aren’t necessarily mainstream knowledge.

That got us thinking that it’s worth taking the time to explain a few of the most common real estate terms that we industry professionals just fling around carelessly – assuming everyone knows what we’re talking about. And since there are about a gajillion different phrases used in any given real estate transaction, we’d like to help explain one of the most common – but perhaps least understood – real estate terms that will affect virtually all buyers – namely: Title Insurance Policies.

A standard inclusion in pretty much any real estate purchase or sale, it’s one of those things that any REALTOR™ will just take for granted needs no explanation. Surely everyone knows what it is, right? (What? You mean you didn’t read the latest Nevada Revised Real Estate Statutes and Regulations when you were on vacation?)

Wrong. In fact, we have friends who have bought and sold many different homes through the years who finally ‘fessed up around their 5th escrow transaction that they had no idea what that charge is on their closing documents for “Title Insurance Policy Premium.”

So let’s start out with the simplest explanation:

The primary purpose of Title Insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past.

Oh gee. Now that we see it in writing, that doesn’t really help much, does it? Okay – then let’s break it down further with a few Q&As.

What is it?

• Title insurance is a policy that protects you from unanticipated claims that could cause you to lose your home.

• It’s protection against historical mistakes and fraud committed with respect to your home.

How does it work?

• Unlike other insurance policies (such as life, health, or auto) – which protect against potential future events – a Title Insurance Policy insures against events that occurred in the property’s past.

Why is Title Insurance important?

• Mistakes happen. While your seller is obligated to sell you the home with a “clear title” (in other words, no liens, encumbrances, or claims that you didn’t agree to) – they may not always disclose title defects they know of; or even be aware of things that occurred prior to their purchase of the home.

• Imagine one scenario: You have to leave your home because county records show that the seller who sold you the home never really owned it. (It happens!)

• Or, the seller had work done on the home previously, but failed to pay the workers in full. The workers or subcontractor may have filed a lien against the property, and if it’s not paid – you could be the one held financially responsible to pay the liens in order to eliminate them from the title to your property.

• Title insurance protects against situations like this. When a claim is made, your title insurer will research the claim on your behalf and, if necessary, will make you whole for any loss incurred (which may even include paying your remaining mortgage balance in full, as well as related expenses.)

Who issues the Title Insurance Policy?

• Your escrow officer (or lender) will open an order, and the title agent will begin a title search.

• During escrow, a Preliminary Title Report is issued to the customer for review and approval.

• After closing and recording of all the purchase and loan documents, the escrow officer will disburse funds to pay the title company for the policy.

• Then the policy is created and issued to the owner or lender (depending on which policy is purchased).

What does it cost?

• It is a one-time premium paid at the close of escrow. The cost will differ based on the sales price of the home and/or the rates of the title company issuing the policy. (Estimate between .4%-.75% of your loan amount.)

How is it paid?

• It will show up on your escrow closing statement as an “Owner’s (or Lender’s) Title Insurance.”

Who should buy Title Insurance?

• In our opinion – everyone.

• There are two types of policies: Owner’s Title Insurance and Lender’s Title Insurance.

• It is optional for Owners.

• But nearly every mortgage lender will require that a borrower purchase a Lender’s Title Insurance policy.

Whew! That’s quite a bit of information! And to think, before we wrote this all down we just expected our clients to know (apparently by osmosis!) all that the phrase “Title Insurance” entailed. But hopefully, this helps to make it a little bit easier to understand in any future real estate purchase you make. (And if you have any other questions about this topic, feel free to contact us and we’ll help to clear them up.)

The bottom line is this: Yes, you want to purchase Title Insurance on your home. Considering the relatively minor cost – in relation to your overall financial investment in buying a home – it is money well spent. You may never need it, but if you do – you’ll be awfully, awfully glad it’s there.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to find the perfect property for you. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, Lance Partin and Kathy Paterniti are all here to help!