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.

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.

However, if you’re simply looking at the intricate architecture and are thinking how great it would be to own a piece of the city’s history, you might want to take a step back and consider all the work involved in becoming a historic home owner.

Home Quality

The most important consideration for purchasing a historic home in Henderson is the quality of the house. Whether you’re looking at a bungalow or a mansion, you have to remember that time is rarely kind to real estate.

In addition to outdated materials (like plaster instead of drywall or lead pipes) and difficult-to-work-with architectural styles, you have to consider the costs of restoring the house with authenticity in mind. Many materials are no longer available or can be costly if you want to maintain the historic integrity of your home. The same is true of the availability and cost of craftsman qualified to work with your particular home.

Nevada Housing Regulations

Many historic homes are overseen by governing bodies that regulate what you can and can’t do to your own home. If you’re in the market to purchase a historic home, make sure you know who you will have to go through to get the right permits for renovation, or if you’ll need to register and pay a fee to get your home listed as an authentic historic site. You might also want to note what kind of tourist interest you will get from having a historically-listed site.

Financial Investments

Fortunately, not everything about owning a Henderson historic home is hard work! Historic homes, when restored with authenticity, safety, and modern comfort in mind, are an incredible financial investment. Many people are willing to pay top dollar for homes that are in perfect shape or that have a keen attention to detail.

Many local governments also offer tax credits and tax freezes for those who maintain a certain level of quality in their registered historic homes. This means that a historic home can be a great investment, as well as a beautiful piece of architecture.

Finding and Buying Your Historic Home

When refurbished to contain all the modern amenities today’s families need and enjoy, a historic home can become a showpiece – both for your own visitors as well as those interested in the history of Henderson, Summerlin and Las Vegas. As with all real estate purchases, however, this one should be made after much consideration and under the guidance of your trusted agent.

There were good sales when it came to single-family homes in the Henderson area in December and January, but the southwest valley led the way when it comes to foreclosures and short sales in the previous month.  Sales in the south and southwest were strong, accounting for 37 percent of the total over the past few months.  On another hand, it seems as though luxury home sales are increasing.  Experts say the market showed a little more life in the months of January and February with an increase in sales from previous months.

To search for your perfect Las Vegas Valley home, please visit our website www.hendersonrealestateonline.com

However, an open house can be an unnerving event; after all, you’re opening your home up to complete strangers, and in most cases, you won’t be there to witness the event. By knowing what to expect, you have a better chance of selling your NV home – all while keeping a handle on your peace of mind.

• Remember that an open house is just one part of a larger marketing process. No one wants to sell your home more than your Henderson real estate agent, and the best approach in any sales climate is to reach as many potential homebuyers as possible. That means diversifying the way you market to include those who prefer the low-key atmosphere of an open house.

• Don’t expect immediate results. Few people enter an open house and make a purchase right then and there. The real outcome is most likely going to be a few appointments for a private viewing or future appointment.

• Remove your valuables, money, keys, pets, medications, and any paperwork that has personal information on it (such as bills). Although a good real estate agent will keep an eye on your property to avoid damages, anything that is of value (for either monetary or personal reasons) should be safely tucked away. This can actually help sell the house in the long run, since personal effects tend to turn buyers off.

• Do a walk-through with your real estate agent immediately before and after the open house. This will allow you both to determine damages or thefts with an objective eye.

• Remember that an open house can tell you a lot about your property. Your real estate agent will be able to draw conclusions based on the turnout and the overheard comments. If few people show up, it could indicate that your asking price is too high, or that your curb appeal simply isn’t up to snuff. A large turnout with few leads could mean that the problem lies with the layout or “dressing” of your home.

Selling a home in NV can be difficult in today’s market – but it isn’t impossible. By approaching your marketing strategies with an open mind – and an open house – you can get your home effectively promoted throughout the Henderson, Las Vegas and Summerlin housing market with better results than ever before.

In the first four months of 2009 there was reported fewer than three-hundred short sales per month.  In May the numbers slowly began to increase.  According to the research firm Applied Analysis, the last two months of 2009 short sales have brought their way up to averaging seven-hundred homes per month.  January had similar numbers and it looks like this trend is going to continue into 2010.

In 2009 foreclosures accounted for fifty percent of existing-home sales compared with sixty-seven percent to seventy percent in 2008.  The reason being is that short sales made up a larger margin of the sales in 2009.  This sudden change from foreclosures to short sales could have a very positive impact on the Las Vegas and Henderson real estate market.

Analysts say that short sales will get a boost in 2010 due to the federal government.  The Treasury Department of the United States is offering incentives on short sales by providing a $2,500 subsidy.  The program will be available by April 5, 2010 but servicers can implement it earlier.  This steady increase in short sales should have a positive impact on prices of homes in the housing market today.  We have seen prices stabilize over the last five to six months because we have seen a decrease in foreclosures in the Las Vegas and Henderson area.  It is likely that the increase in short sales will allow the median average price for an existing home to rise.

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

It has been a long four years since that report came out and the market was booming.  What a big difference these four years have made on the real estate market and the economy in general.  Today Naples real estate sells at a twenty-nine percent discount and median home prices are heavily down.  Nationwide there are only eighty-seven markets considered to be overvalued in the nation.  Coming in first place on the list of most undervalued homes is our city of Las Vegas.  Homes here sell for forty-one percent below fair market value.  Las Vegas’ big real estate boom in 2006 led to some big problems in the market today.  There are many reasons for this occurrence, one of them being builders trying to capitalize on the market and creating inventory overhangs.  Often times lenders were giving out loans to people who were not qualified enough for the loans, which is the reason foreclosures are so prevalent in our market today.  Home values are really low so if you are looking to buy, this is your opportunity.  Home values are bound to appreciate and bounce back from the market lows, it’s only a matter of time.

For a comparison between Buying and Renting a home please visit our website.

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

There are some techniques and adjustments used by higher-level appraisers that can bring the appraisal closer to what the true market value of the home is.  Many times people are looking for the cheapest and quickest appraisers to do the work, usually least experienced and least educated, creating a lower appraisal on the home.  Prices have stabilized at around $120,000 – $125,000 in the past six months.  Because of the high volume and high sales of foreclosed homes in the past year, the value of appraisals has dramatically dropped.  This has created a problem for many buyers and sellers who have agreed on the sale price but cannot come up with the additional money not covered in the financing.  We are hoping to see a change in the trend of appraisals soon, making it easier for people to buy and sell homes here in the Henderson and Las Vegas area.

For a list of things to consider when purchasing a foreclosure visit our website.

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