Clark County has recently implemented laws that attempt to stop homes from becoming in this condition.  The county is starting to impose fines and liens on properties that have been neglected if no action is being taken by the homeowners to preserve the condition of the home.  Since banks do not legally take possession of a home until it is already neglected and in need of repairs, the only legal action that Clark County can take is on the evicted homeowner, or placing liens on the property.

Many speculate that the county placing liens on the property will only slow the real estate market down.  Placing liens on properties discourages buyers.  Though the county is taking steps to stop homes from deteriorating during a foreclosure, they need to find a way to make banks foreclose on properties sooner after they evict the homeowner.  Banks should be paying to maintain the foreclosure homes and making sure that the properties are not depreciating in value due to physical condition.  It is difficult to take action and expect results on homeowners who have been foreclosed upon and evicted.

For all your Real Estate needs contact Steve Roberts at 702-739-4392.

New home sales are beginning to pick up and many developers are looking to get back into building homes and finishing projects that were started before the crash of the housing market.  Homebuilders are trying their best to compete with the low prices of the foreclosure and shortsale market.  It is encouraging to see that some new construction developments have begun finishing the projects that were started before the crash of the economy.  This shows that builders see potential profit in these properties and they feel as though the market will revive itself.

As of right now the market seems as stable as it has been in a long time.  The prices have been consistent for the past 14 months and it looks as though we may have several more months before we start to see any changes.

For all your Real Estate needs contact Steve Roberts at 702-739-4392 or visit my website at www.HendersonRealEstateOnline.com.

The deadline for this tax credit is set at June 30, 2010.  Senator Harry Reid proposed a bill last Thursday that would extend the deadline to September 30 if passed.  The reason for this extension would be for the many homes that are currently under contract in a short sale situation.  Short sales, which currently account for more than 30 percent of home sales in Las Vegas, require approval from a lender and go through a process that can take up to six months.  The extension would allow for many of the homes that are currently in the process of short sale to be eligible for the homebuyer tax credit.  The tax credit not only gives a tax incentive to first time homebuyers but also gives a $6,500 credit towards move-up buyers.

For all your Real Estate needs contact Steve Roberts at 702-739-4392 or visit my website at www.hendersonrealestateonline.com!

The reason for the ratio being so low in the Las Vegas and Henderson Valley is because of the short sales and foreclosures.  The amount of people losing their home drives the demand for rentals in the Valley up.  There is much demand for rental properties so naturally rent will increase.  Because of all the foreclosures and short sales in the market the prices have driven lower than we have seen them in a long time.  Home prices in Las Vegas have dropped nearly 40 percent in the past 5 years.  All of this makes the cost of ownership pretty low here in Las Vegas and Henderson.  It is safe to say that right now in the Valley it makes more financial sense in most situations to own a home rather than to rent one.

For all your Real Estate needs contact Steve Roberts at 702-739-4392 or visit my website at www.hendersonrealestateonline.com!

Due to the poor economic situation that Las Vegas and the rest of the nation is currently in there is a low demand for raw land.  Many developments such as residential or commercial developments have come to a complete standstill here in the Las Vegas and Henderson Valley, leaving a relatively large quantity of raw land with low demand.  It will be hard for investors to ever find prices like this again once the economy bounces back and people begin to build again.  Now is a better time than ever to invest in raw land. Thought the price per acre is similar to 2003’s statistics, there is nowhere near the same amount of transactions occurring.  In the first quarter of 2003 there were over 3,100 transactions involving raw land.  That number is down to 527 for the first quarter in 2010, even though prices are close to the same.

For all your Real Estate needs contact Steve Roberts at 702-739-4392.

For all your Real Estate needs contact Steve Roberts at 702-739-4392 and visit my website at www.hendersonrealestateonline.com!

A Picture is Worth 1,000 Words

The majority of home buyers in the NV region begin their search online. The Internet is becoming an increasingly viable way to present homes from both an interior and an exterior vantage point. Although Stephen Roberts will help you to understand the best angles for presenting a photographic display of your house, you can help by pointing out what it is you love best about the home. A great backyard garden, a cozy front porch swing, a spacious kitchen, the tile on your bathroom floor – no matter what it is, use it as a way to entice buyers into contacting your agent for more information.

Virtual tours are becoming a very popular way to showcase your home online, as well. Allowing viewers to “walk through” your home gives them a stronger connection to it.

Signs and Advertisements

The more traditional Nevada home selling options include putting up a sign or placing an ad in the newspaper, in your local real estate magazine, or even on direct mailing advertisements. These steps have long been a part of the buying and selling market, regardless of where you live.

The truth of the matter is, there’s a reason these actions are relied upon so heavily: no one will know you’re selling your Henderson home unless you post it somewhere! While decisions related to where you place the signs and advertisements will most likely be made with the assistance of Stephen Roberts, you can help by finding additional ways to spread the word of your sale. Online home selling postings for Summerlin or Las Vegas are fairly common, and oftentimes, simply letting your friends and family know that your Henderson home is on the market can go a long way in spreading the word.

Rely on Stephen Roberts

Of course, the most important home marketing step you can take is trusting Stephen Roberts to work hard to sell your home as quickly and efficiently as possible. Like any real business partnership, selling a Nevada home is all about finding someone you can trust and working together to get the best possible results.

However, almost every homeowner will tell you that these costs are definitely worth buying a NV house. Not only are you purchasing a place to call home, but you’re making a financial investment with potentially huge returns. That’s why you should always consider a home inspection before signing on that dotted line, even if the added expense isn’t one you’re looking forward to.

What is a Home Inspection?

Many people equate a home inspection with a home appraisal, and with good reason. At their core, the two processes are very similar: in both, a trained professional goes through the home and inspects it with the intent of informing all parties involved on making the smartest buying and selling decisions.

However, the similarities stop there. Home appraisals are done to give buyers, sellers, real estate agents, and financers a better idea of what the home is worth (based on “surface” things like square footage, number of rooms, and amenities like a fireplace or granite countertops). A home inspection, on the other hand, is all about informing buyers about the potential problems that lie underneath the surface.

For example, a home inspector will be able to answer the following questions:

• What is the condition of the plumbing and/or electrical system, and how easy is it to access in the event of a problem?
• What will be the realistic costs and challenges of heating or cooling the house?
• What is the state of the foundation, the roof, and other structural components?
• How many years of use will you be able to get out of the electrical/plumbing/heating systems?
• What are the potential safety hazards of the house (lead paint, radon, termites, asbestos, mold, etc.)?

What a Home Inspection Does for You

Although most home inspections cost the potential homebuyer hundreds of dollars up front, they typically end up saving homebuyers thousands of dollars in the end. When you get a home inspection, you can not only step away from a purchase that might not be right for you, but you can also require sellers to either “fix” the problems before you buy the home, or adjust the price in order to allow you to make the repairs.

Of course, there’s also the benefit of knowing that the home for sale in Henderson that you purchased is safe and comfortable. It can be difficult to know just what a house has in store for you until you’ve lived in it for a few months. A home inspection is the best way to take the house for a “test drive” before you make the investment. And with so many choices currently on the Nevada real estate market, you’re in a perfect position to make a smart, financially-sound choice for your entire family.

For all your real estate needs contact Steve Roberts at 702-739-4392.

It is hard to imagine a recovery of the economy without the recovery of the housing market leading the way.  If you are building homes you are going to build schools, roads, retail centers, etc.  Many homebuilders are expecting 2010 to be a rebuilding year, where they can focus on building different types of homes that better meet the demand of the time.

The large problem in a state such as Nevada is that many prior homeowners are underwater.  Many homeowners owe more on the mortgages than the homes are worth.  These people will not be in position to buy a new home for quite a while.  There is also a concern that recovery may still be stifled because a lot of subcontractors have gone out of business due to the recession.  Once there is high demand, it may be difficult for homebuilders to keep up.  There also may be a shortage of materials such as lumber.

As we approach summer in 2010 we hope to see not only the housing market recover, but the economy as a whole.

For all your Real Estate needs contact Steve Roberts at 702-739-4392.