Low inventory in Las Vegas is driving up home prices
The lack of resale housing available in Las Vegas has caused all out-frenzy to buy, perpetuating a steady increase in pricing over the past year. The GLVAR (Greater Las Vegas Association of Realtors) reported earlier this month that the median price of single-family homes is up almost 14% since September 2011, and some sources […]
What is going on with appraisals today??!!
What is going on with today’s home values??!! Whether you’re a buyer or seller in today’s market, it’s probable you’ll encounter appraisal issues! Low inventory, likely due to AB284, has caused an all-out bidding frenzy for the few homes on the market today. Prices are regularly being bid higher by anxious buyers, and prices set […]
FOR THE BEST PRICE, NOW IS THE TIME TO SELL YOUR HOME!
If you’re thinking about selling your home, I’m thinking of telling you NOW’s the time! Now, I’m not a clairvoyant and I’m not privy to any secret housing information, so all of this is based on my own gut feeling…. But I DO eat, sleep and breathe real estate, every single day!!! Here’s my […]
WHAT IS AB284 AND HOW IS IT AFFECTING THE LAS VEGAS HOUSING MARKET?
The assembly bill known as AB284 became effective 10-1-11 and dramatically reduced the number of foreclosure filings in Nevada. Just as a disclaimer, we’re not attorneys and don’t even pretend to explain nor understand the whole of the law. To put it as simply as possible, the bill requires lenders to file an affidavit regarding the possession […]
It’s Hot!
It’s hot in the Vegas valley and we at New Home Resource would like to remind everyone to be mindful of the heat when taking your four-legged friends for a ride in the car. Did you know that on a 78 degree day, temperatures in your vehicle can reach 100 to 120 degrees in minutes? […]
Buying a house, sight unseen?
Never before today in my real estate career have I encountered so many folks who are buying property, sight unseen. In today’s busy, busy world of real estate purchases, more and more out of state and foreign buyers are wanting to invest in the Las Vegas housing market. I personally think NOW NOW NOW is the time […]
Is it possible to obtain home financing after short sale or a foreclosure?
As Realtors, one of the first things we do is make sure the buyer in our car has the ‘ability’ to buy: either they have cash funds to purchase, or they need financing. Buyers who’ve had a short sale or a foreclosure often think it’s the end of the road for them…. that due to their impaired […]
Buy a house TODAY !!
Wow! What a time to buy a house! Do you realize that today’s interest rates are below 5%? This is an incredible time to buy! If you’re renting for $1,000 per month, at today’s rates, you could spend that same $1,000 on OWNING a $200,000 home. Call New Home Resource today and let us help […]
Short sale success!
As agents, we are seeing much more success with gaining approvals on short sales. And, in fact, the approvals have been coming much faster than in the past. There once was a day when we’d cringe when a buyer would ask to see a short sale listing. With a success rate of only […]
Myths of the current real estate market, true or false?
We read this great article and felt the need to share it: You’re not going to get 50% off the asking price on a home, and the good houses in the good neighborhoods go fast. Posted by Teresa at MSN Real Estate on Monday, July 25, 2011 1:30 PM It’s easy to think that because we’re in a […]