Real Estate

Relocating From California to Las Vegas: Tips for a Smooth Transition

Are you considering relocating from California to Las Vegas? Making a big move is an exciting decision, but it can also be a daunting process. To make it easier, here are some tips to make sure you have a good transition and it's as smooth as possible. First and foremost, it's important to understand the local real estate market before making any major commitments. Take the time to research the area and...

A Guide To Seller Concessions 

The real estate market in 2023 has been predicted to be flat as we go into 2024 according to the National Association of Realtors. Which means the current Buyers market that hit between May and April of 2022 will keep heading forward to 2024. One of the reasons it is a buyers market is because the interest rates were not as favorable to buyers compared to the year before and it slowed down demand. Going...

My Favorite 2022 Real Estate Highlights

It wasn’t a great record breaking sales year for many Las Vegas realtors. Inventory is up 463% from last year with 4.8 months of availability per LVR data from November 2022. Home prices have been declining about 2% monthly for the last couple months as interest rates have risen to fight inflation. I personally had a great year for getting good reviews but I did not break any sales records. The...

Understanding the CC&Rs When Buying a Home in a HOA Community

The Details You Should Know If you’re buying a home in a HOA community there are a lot of rules and regulations along with rewards and responsibilities. When I say there are a lot of terms and abbreviations we use in the Real Estate industry, this is why. The HOA has CC&R’s in the CIC... An HOA is a homeowners association and the CC&Rs are the condition, covenants and restrictions. and is...

Market Value vs Assessed Value of Your Home

Why it's Important for Home Sellers to Know the Difference If you're wondering what your current home value is than make sure not to confuse it with your assessed value. The main difference between the Market value vs Assessed value has to deal with taxes. The market value is the agreed upon value that an informed buyer and seller agree upon. The assessed value is dollar amount a tax assessor assigns...

What is EMD? How much is it and how you can protect it.

Another Las Vegas guide for protecting your money or losing it all. EMD is short for Earnest Money Deposit also known as the good faith deposit but it doesn't have to be something you gamble. The Nevada Law and Reference Guide says “Earnest money is not consideration - it is an inducement to negotiate. Earnest money is presented with an offer to indicate the genuineness of the offer.” So what this...

The Sellers Real Property Disclosure (SRPDs) Forms And What You Need To Know

What Are The SRPD's And How Can It Impact My Deal? In Nevada we have a form called the Sellers Real Property Disclosure (click the link for your example). By law a home seller must provide this form to the Buyer to disclose any and all known conditions and aspects of the property which impact the value or use of the property in an adverse manner, such as faulty pipes or water damage. It’s a...

Buy Down Programs Helping Homebuyers Lower Their Home Payment

A Home Buying Strategy For High Interest Rate Markets It’s no secret the F.E.D. (Federal Reserve) is raising interest rates to slow inflation and buyers in the real estate market are feeling the squeeze in the 3rd and 4th quarter of 2022. The same $400,000 home now comes with a $2800 dollar payment instead of a $2000 payment and in some instances its causing many first time homebuyers to consider...

Closing Costs And What You Need To Know

A break down for the proactive buyer and seller Closing costs are the costs associated with buying or selling a home. They will be different depending on if you are a buyer or seller. Typically buyers will need to save 2–3% of the purchase price to properly plan for their closing if they are not negotiating any seller concessions. Which means the seller will also pay for the buyers closing costs...

How Do We Know If We Are In A Buyers Market, Sellers Market or a Balanced Market?

In a balanced real estate market demand matches the supply of for-sale homes in the marketplace and is usually between 3-6 months of inventory, a buyers market is usually more than 6 months of inventory and a sellers market is less than 3 months of inventory. Since 2020 we've had an average of a .5 inventory, so we've been in a historically high sellers market, but the market is cyclical, so for Las Vegas...

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