Southern Nevada

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!

Life wasn’t meant to be all about work. At least, that’s what the team at New Home Resource agrees on. If you’re going to work hard, you want to play just as hard – and they do. But they also have one other very closely held belief: To give back to the community that’s been good to you.

Led by Broker Joanna Piette, taking the time to give back to Southern Nevada charities is simply built right into the schedule at New Home Resource.

“All of our agents and staff care deeply about different organizations in our city – so when there’s an event that we want to volunteer our time and efforts to help make it a success – we love to get involved,” Piette explains. “We’ll close the office, turn on our voice mail, set up our email auto-reply – and for that day, we’re all fully focused on doing our part for the community.

And that’s precisely what’s going to be taking place this week – Thursday, April 7. The New Home Resource team is taking their show on the road, so to speak – to lend a hand at the “Backpack For Kids” program at the Three Square Food Bank.

Here in Southern Nevada, Three Square works year-round to help the over 300,000 people who are food-insecure – meaning they’re not able to secure enough food for a healthy diet at least some point during the year. 125,000 of those are children – and this particular event is geared toward the kids.

Joanna Piette goes on to add, “It’s an important and often overlooked topic. We believe Three Square is providing a much-needed service, but they need everyone’s help to reach their goals. We’re pitching in because we want to be part of the solution for our city. It’s a real passion for us; we’re honored to be in a position where we can help – and our hope is that more businesses in the Las Vegas valley will recognize that together, we can make a real difference in people’s lives.”

Actually, for the New Home Resource team, it’s not just about people – because the many needy animals in Las Vegas tug at their hearts, too. During the 6 or more events that New Home Resources actively participates in throughout the year, supporting animal rescue organizations is a big part of their calendar, too.

“Our involvement in our community comes from the sincere belief that there are things we can do to help others in need – and we know so many people who feel the same. There are a lot of very dedicated, very committed individuals in Las Vegas who take the time to make a difference outside of their work,” Piette reveals.

“As far as all of us are concerned at New Home Resource, we get as twice as much in return from these events as we give – so in one way, it’s almost a selfish thing for us to do. The truth is that giving not only directly benefits others in need; studies show that it also boosts the physical and mental health of the giver, too. Perhaps that’s why knowing that our time and efforts can make a difference in the quality of life for a child, an adult, or an animal – makes us aware that it’s all time well spent. We invite others to join the spirit of giving where it affects them personally, too. If our experience is any indication, we know they’ll be glad they did.”

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!

Last week, we shared some helpful tips and contact information for those who are moving to Las Vegas from other cities. But that got us to thinking, perhaps we should back-up that train a stop, and discuss some of the things you should consider BEFORE making that big move.

Moving is big business. It’s estimated that about 40 million people in the U.S. move each year, and more than 7.6 million of them are moving to another state. Because of the proximity of Las Vegas, and the fact that it’s a top Sunbelt destination, we may perhaps have a higher percentage of those out-of-state moves than other places – considering our weather, recreation and entertainment, services, and all the conveniences offered in a major metropolitan area.

For those who choose to move to Southern Nevada to be near family or for work opportunities, those two factors will most certainly weigh heavier on the “Pro” reasons to come to Las Vegas, of course.

But if you’re simply trying to decide between one of several different cities to start out in life, find a new start, or in search of a place to wind down after a long career – here is a list of things to consider when comparing one city/state to another. (Because every little bit helps, right?)

1. Where Will You Live?

Whether you plan to rent or buy a home, there are resources that can help give you a fair idea of the cost of the housing market where you choose to move. Check around online at websites like Zillow.com or Realtor.com – as they can both offer some information about both the rental and buying markets. But don’t depend on them as your sole source of information. (And by the way, just beware of the numerous scam listings for both on Craigslist.org.) Check with the local Chamber of Commerce or the website for the city you’re interested in learning about – because they will often have “Moving to …..?” packages they can send to you that include a great deal of helpful information.

Of course, if buying a home is at the top of your list, it makes sense to find an experienced and reputable Realtor® in that city that you can work and communicate with. They’ll be able to help you pinpoint the most important features about your home and the area you wish to live, and as your ‘boots-on-the-ground,’ their assistance can be invaluable.

2. Where Will You Work?

Sometimes the job is what brings you to a new city. Sometimes knowing friends, family, or associates in an area will help you find employment more quickly when you move. But if you’re starting from scratch, research the types of jobs that are available in your field online at places like Indeed.com, or Monster.com – or any number of job-seeking/job-placement websites. It used to be that scanning the Want Ads in the local newspaper was the method to get a feel for employment in another area; but with the move to digital and the efficiency that offers to employers – your best bet is going to be starting with your search through the internet.

That’s not to say that once you arrive, it should still all be done “online.” Quite the contrary, employers are impressed with those who make the effort to present themselves in person for many positions – especially small businesses (of which there are many in Southern Nevada – because we’re not all about huge hotels and casinos, you know!).

3. Weather and Location.

Most people have a pretty good idea if they want to head for a place where the sun shines all the time, or where they can experience the four seasons. What they often fail to consider, though, is the proximity to those “life conveniences” that you’re used to, but may not be available in some places.

For example, if you’re in Las Vegas – the convenience of a major international airport within 30 minutes of virtually any point in the valley is something you get used to quickly – whether you’re the one traveling, or you’re picking up friends and family at the airport. On the other hand, if you’re used to that convenience and move to Vermont, you may not realize you’re going to be a 3-hour drive (one-way) to the Boston airport. The same thing applies to shopping, culture, entertainment, and many other everyday things that you may take for granted now, but might be giving up in your new city. A list of what you can – and can’t – live without can be very helpful in narrowing down your choices.

Those three things are only the beginning, of course. There’s also a need to give serious consideration to several other circumstances – some may affect your life, some may not– but could in the future, and some may not matter at all. But that list continues with such topics as:

• Taxes. State income tax can take a huge chunk of your income (except in places like Las Vegas, since Nevada has no state income tax at all!). Be sure to add this to your financial considerations.

• Quality Health Care. With the changing health care climate in the country, this has become a more important issue than ever before for many people. Don’t simply assume you’ll have easy access to the care you need – confirm it. (By the way, Las Vegas has many – and some of the best – hospitals and health care providers in the country – and resources are growing all the time.)

• Education. If there’s the slightest chance you may want to continue your education now or in the future, be sure to look into universities and college opportunities nearby. A quick look at each city’s Wikipedia page can be helpful to show what schools are available. (Las Vegas is the home of UNLV, CSN, and Nevada State College, along with a number of special trade schools from Touro University to Le Cordon Bleu College of Culinary Arts.)

• Transportation. Moving to an urban area? Then do you really need the expense of a vehicle? (Given Uber and Lyft and other options available these days.) On the other hand, the West is a bit of a different animal. Planned and developed during the heyday of the U.S. automobile, contrary to what people think – you can’t just pick up a friend at the Reno airport when you live in Las Vegas. Things are a bit more spread out here, and the public transportation that’s so available in the East isn’t really on display out West. So plan accordingly.

We figure that should be enough to get you started. A move is a big thing – and exciting time – and fills the future with unlimited possibilities. And if Las Vegas should become your moving-destination-of-choice, know that the crew at New Home Resource is here to help you find just the right new or resale home for your family’s needs. We love this place – and we’ll be happy to show you why!

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!

Just a few of the pumpkin carvings by Las Vegas local, Bryan Yeager of Killer Pumpkins. Catch his talents at the Summerlin Festival of the Arts, October 11-12 at Downtown Summerlin.

Autumn is upon us, and with it comes great weather and all the fun of getting back outdoors again in Las Vegas. From festivals and fairs, to pumpkin patches and plays – there’s probably a million things to do around Southern Nevada this fall.

Unfortunately, we can’t list ALL of them here. But we have cherry, er, pumpkin-picked some of the highlights below. So start penciling these into your schedule and go have some fun with the family! (Besides, it will start getting you ready for the upcoming holiday season, too.)

Sept. 18-Nov. 27 – Bellagio – Bellagio Botanical Gardens – All dressed up for fall, a must-see.

Sept. 22-Oct. 18 – The Smith Center – The Book of Mormon – Back by popular demand.

Thru Oct. 31 – Las Vegas – Gilcrease Orchard – Open Tues/Thurs/Sat/Sun. A Las Vegas family favorite.

Oct. 1-31 – Las Vegas – Pumpkin Patch at McKee Ranch – Farm fun, animals, hay rides, & pumpkins!

Oct. 1-4 – Downtown – Las Vegas BikeFest 2015 – It’s the 15th anniversary!

Oct. 3 – Las Vegas – Hallo-Wiener – 12th Annual -if you’re a wiener dog fan, this is the place!

Oct. 3-4 – Boulder City – Art in the Park – 53rd annual, it’s a Southern Nevada tradition!

Oct. 3-5 – Henderson – St. Francis of Assisi Parish Festival – Carnival, contests, foods, music, and the blessing of the animals ceremony (for all you pet-lovers!)

Oct. 8-31 – Red Rock Canyon – Bonnie Screams -Haunted house, Zombie hunts, Spook walks and more.

Oct. 9-11 – Sunset Park – The Renaissance Festival – The Age of Chivalry returns!

Oct. 10 – Lake Las Vegas – Rose Regatta Dragon Boat Festival – Paddle for a purpose!

Oct. 10 – Moapa River – Rise Festival – Help to fill the night sky above the Moapa River Indian Reservation with paper lanterns and send your message skyward.

Oct. 10-11 – Downtown Summerlin – Festival of Arts – Music, food, entertainment, vendors.

Oct. 16-31 – Las Vegas Farm – The Farm Festival – Fun, educational, and getting back to nature

Oct. 17 – Southern Highlands – Southern Highlands Fall Festival – Games, vendors, contests, crafts, raffles, and a free Pumpkin Patch!

Oct. 17 – Mountain’s Edge – Family Fur & Fun Festival – This one’s good for you AND your pets!

Oct. 17 – MGM – Jimmy Buffett – Who doesn’t love a great Parrothead?

Oct. 23-24 – Logandale – Logandale Fall Festival – Bluegrass music, bbq cookoff, vendors and more.

Nov. 6-8 – Cashman Center – The Craft Festival – Rated one of the top 20 craft fairs in the U.S.

Nov. 18-19 – Las Vegas – 27th Annual Festival of Trees and Lights – To Benefit DSOSM.

Dec. 3-12 – Thomas & Mack Center – National Finals Rodeo – If you’re lucky enough to get tickets!

Dec. 6 – Las Vegas – Nevada International Film Festival – Orleans Hotel.

Dec. 10-14 – Summerlin South – A Holiday To Remember – Entertainment, vendors, holiday fun.

If that list of events doesn’t get your fall fun calendar in order, then we’d have to say that you’re just not trying to get in the spirit. Now – go forth, and enjoy!

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!

For those who have lived in Las Vegas for longer than, oh, say 15 minutes, you’ve probably heard the question before from your friends and family: “So, which hotel do you live in?” Sigh.

Hard to believe, but we still hear it today (even though you have to admit our housing industry did happen to make a lot of headlines over the past few years . . . let’s put 2+2 together, folks!). Then again, for many of us, living in Las Vegas is a little bit like a best-kept secret . So it’s not altogether bad that we still hold a few of those secrets close and choose to share them only with those we’d like to actually become our neighbors here in Southern Nevada.

So, at the risk of word getting out, we’d like to list a few of our favorite things about living in Las Vegas. Such as:

How’s the Weather?

We don’t even have to look out the window to see what the weather’s like. Because we can just make the assumption pretty much every day of the year it’s going to be sunny with blue skies. Perhaps what we like the best about this part is that here in Las Vegas, you don’t have to plan your day around the weather. Wherever you wanted to go, whatever you were planning to do today – go for it! Because 99 times out of 100, it’s going to be gorgeous outside.

We Really Do Live Like Normal People.

We have great schools, and excellent sports programs for virtually every age group. We enjoy world-class shopping (okay, that one might be a Vegas exclusive). Our city is filled with top industrial and business organizations where diverse employment opportunities are available. (In fact, we’ve got it a lot better here than many other cities, when you think about it.) We’re a community that gives back to our people – through multiple volunteer organizations. There’s probably not a church that isn’t represented in Las Vegas (or if there is, we’d be surprised). Some of the finest dining opportunities in the world are right in our back yard (for those special occasions). And speaking for those of us with pets – we really appreciate fact that the environment means the lack of fleas and ticks! (as well as many other insects that can really ‘bug’ you in other cities.).

There’s Never A Reason To Be Bored

If you’re in Las Vegas – either as a visitor or a resident – that weather we mentioned above? It means that you can find things to do and activities to enjoy in virtually every genre of relaxation, culture, or adventure. Naturally, the first thing one thinks of is wealth of entertainment options ranging from small clubs to major hotel stages, and on to stadium-size venues. Music, magic, comedy, drama, Broadway productions – we have it all right here. (You know, the place most other people dream about traveling to for such things!) And that doesn’t even touch on the art exhibitions and traveling cultural events; the world-class meal experiences; the thrill rides; the local outdoor recreation (such as Lake Mead, Red Rock, and Mt. Charleston); major events (NASCAR and NFR, anyone?) and engineering landmarks like Hoover Dam (along with, some might say, a few of our more creative hotels). Add in some world-class championship golf courses, and you’ve got the makings for – well – a real live city. Right here in Nevada.

Of course, those are only the very tip of the iceberg as to what makes living in Las Vegas desirable to so many. There are books written about all that the Las Vegas lifestyle has to offer that are sure to include your favorite activities. But even so, there’s always something new on the horizon – creativity is never in short supply in this town. But whatever your reasons are for living in Las Vegas, one thing is for sure: You’re never going to have an excuse to be bored!

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!

It’s no secret that the real estate market has had a tough go of it these past few years here in Southern Nevada. But now, all the data and statistics are gathering to indicate that the housing marketing in Las Vegas is back in action. If you’re wondering what the local perspectives are as to what’s in store for both new and resale homes in the valley, here are some of the notable highlights:

Las Vegas Home Prices Are Up 8% Over Last Year

The Greater Las Vegas Association of Realtors (GLVAR) reports that local home prices and sales stabilized in May 2015 – with the median price of homes sold through MLS rising from last year’s $195,000 to the current median of $211,250. According to GLVAR President Keith Lynam, “Overall, home prices have been stable this year, and demand is steady in our housing market.”

New Home Prices, Sales, and Permits Up This Year In Southern Nevada

As reported by Vegas, Inc. recently:

• New home sales have risen over last year by 8.9%.
• Builders pulled 680 new home permits in May – for a total of 3,289 year-to-date – a jump of 23.3%.

Clark County Unemployment At Its Lowest Level Since 2008

Few things will drive down a housing marketing like unemployment. If people don’t have jobs, they can’t buy. That’s now changing in Southern Nevada, as recent statistics show that area unemployment rates fell to 6.6% – and that’s music to everyone’s ears.

Available Home Inventory Is the Current Challenge

While new home builders are racing to meet demand, it’s clear that one thing needed to balance the market is additional inventory. It wasn’t too long ago that such a statement would have been considered wildly optimistic for Las Vegas. But in a move to address the issue, banks are finally beginning to take action on eliminating one of the last dark clouds on the Southern Nevada horizon – cleaning up the books on foreclosures. In doing so, yet another obstacle to the housing market will be eliminated – and it’s a step in the right direction for the Las Vegas economy.

Indeed, even as prices are stabilized and beginning to climb, consumers are seeing the value in returning to homeownership. With mortgage loans becoming more readily available and low interest rates playing a key role, it’s clear that the housing crisis now in the rear-view mirror and the Las Vegas valley’s economy is once more on the rise.

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!