Las Vegas Real Estate NOW

There is a lot of new homes being built in the Las Vegas valley and Ben Grove gets asked should I be getting a home inspection for my new home build? The answer is yes you should and there is a reason for that when you talk to your builder they will let you know about home warranty that you are getting and that is usually bumper to bumper for everything for the house in the first year. That is one...

Realtors are self-employment income and are private contractors they usually deal with some issues. First, we want to look at the difference between self-employed consultant or outside contractor employee. Employee is when punch in a punch card and at the end of the two weeks you get a paycheck. When you received that paycheck your federal holdings, Medicare and social security is taking out and t...

How should you hold title when you buy a home? For some people the way they do is having a trust and it is honestly the best way to do it a trust helps you avoid probate. What probate does is that the court decides on who owns your property after you have passed away. If your property is in a trust and the trust owns the property while you are alive or have passed away it does not change so there...

Ibuyers are calling themselves disruptors of the system and truth be told they are not new they are just bigger than they were before. But there has always been people out there that have been flippers ibuyers are just a huge flipper. Ultimately you are trading off money for time and in general what people are seeing is that you’re going to net somewhere in the neighborhood about 10 % less of your...

TARP funds have come back and there is something that the audience needs to know about it is a program that has been reactivated and it is called Hope Brings You Home Program this is a down payment assistance. It is using the money that came originally from the TARP funds that were allocated to the state of Nevada. If you go back to the time of the crash as part of the government efforts to stabil...

Las Vegas Young Orchestra 2020 season starts this weekend! The Night of the Opera is the first ever that show will be on Saturday 22nd, 2020 at 7:00 pm at the Windmill Library you can get tickets online at LVYAO.org/tickets or you can go to our website (please see below) tickets for students are $10.00 and Standard Admission is $20.00. Upcoming event is a big one at the Smith Center and it will be...

We know that the market was up 24% year over year (January 2019-January 2020) interesting thing for each segment of the market it has increased. We saw the single-family homes, townhomes, condos, the vertical space and luxury spaced over a million dollars, all of those segments have now increased for year over year in January and the projects in February seems to be about the same. We are going to...

There was an article that came out about 3 strategies for living longer in your home. Harveys clients would come to him and express that they would like to downsize its now called “right sizing” but the point is that lots of clients want to stay in their home instead of moving. They love their home and been it for a very long time. The first point is walking your way to health any type of physical...

This is our monthly market update for February, we currently have 5,209 single family homes on the market, and we have 3,700 under contract and we have 2,274 that were sold in the last 30 days. That leaves us with 2.29 months of inventory available right now, meaning it would take 2.29 months to sell all the current existing inventory which it is a low number for this time of year and our inventor...

We talked about earnest money dispute there was an article that stated if the deal doesn’t go through who gets the earnest money deposit? Our answer is it depends and what is the reason why someone might not get the funds. Question to ask is who default on the contract for an example if the buyer has no more contingencies left and they no longer want the house and the contract that we use here in...

First lets discussed is the Sellers Real Property Disclosure form known as SRPD it is a very important document that we utilize here in Nevada. Not all the sellers have to fill out this form and here is the catch the requirements are one to four units residential in another words the law says not less than one unit and no more than 4 and there are a few exemptions. The important thing is that has...

Wire fraud is criminals try to steal your money that you are going to be sending to either a title company or maybe purchasing a car any types of large purchases. They insert themselves into a real estate transaction by monitoring emails and they are probably sitting in your emails and have been there for a while because of a virus you might have that you didn’t know about on your computer or your...

La Mansion is a boutique, luxurious assisted living home and the reason why they call it a boutique is because they only have 12 suites in comparison to all other assisted living and have hundreds of rooms and La Mansion is more of a personalized care. It is a beautiful place and they want people to know about it and come visit it as it is now open to the public. It’s such a gorgeous home it sits...

Today we are in a lower inventory market and when you in a lower inventory market by the time a buyer needs to take the time to really understand and ask themselves those questions “what am I looking for” or “what do I want?” Now take the time to really get inside of your self because now it is not the time to figure it out no one surface answers you really want to think about it. Because in a low...

Before you start looking at homes you need to talk to a lender first and let’s assume you are not paying in cash you will need to borrow some money from a lender. This is what heart breaking for people is looking at certain price of homes without knowing what you can qualify and now you except more of the home making it so much harder finding a home in the price range you qualify for. Example if y...

You can’t turn on the radio or tv station without some telling you need to buy a new air conditioner because of R-22 has been out lawed. So, there is no new production of R-22 refrigerant it is true you can still get it for a long time, and it is going to be able if you have an older R-22 system. You don’t necessarily have to replace your air conditioner today just because you have an older R-22 s...

All loan limits went up here in Clark County in 2020 and FHA went up to $345,000 it is still 3.5 percent down and all of conventional loans went up as well to $510,400 so now it is no longer a jumbo when you are going over the $470,000. Buyers need to know that you can now do a conforming loan and that just put everyone’s listing that are about $600,000 little more attractive just because some peo...

This is the first monthly market update for 2020! Currently we have that are on the market are 5,763 single family homes on the market right now. We now have 3,093 that are in escrow or in another terms under contract. There are 2,407 homes that have sold in the last 30 days and that leaves us with 2.39 months of inventory currently available with an average day on the market are 49. Ff you compar...

FHA is a great loan program and it is practically to the consumers that have had challenges with their credit that would be a good reason why to chose FHA and if your FISCO score is below 660 or lower and it the interest might be lower than a conventional loan. Also, it is a small down payment it is about 3.5% for most of FHA loans considering the client has a FISCO score of 660 or below it is goi...

For anyone that sold or bought in 2019 they need to go back and grab those documents whichever title company you went with that closed your transaction and they will provide you with a closing package at one point of the transaction and maybe it was thrown in a box and not know where it is. If you do remember the company, you closed with (title company) and asked them regarding there closing state...

There are more cases of consumers going after these Real Estate Agents who are either part of the LLC or some type of the arrangement worked out with them. What the consumer needs to know is that it might be a buried on them because these people are just trying to make money, they are getting the work done cheaply or they are not getting licensed contractors when flipping the property. We recommen...

Revel Las Vegas is a lifestyle so many people these days really don’t want the upkeep of the home or an empty nester or maintenance you don’t want to deal with. Revel is a great alterative you come to Revel it is a wonderful environment, Revel wants to support and help you live the life that you always wanted to live. Revel takes care of everything for you like housekeeping, maintenance and things...

Do I need my settlement Statement? by Harvey Blankfeld

When Ben goes to do inspections, he has notice that people are changing their home. There is a lot of new things coming out as far as control and interact with their houses. Houses are becoming very interactive you can communicate with a lot of different things and up until now is how to consolidate all of these things so maybe you have one app that controls all of these things like the light and...

Comparing to last year’s market we are slowing down quite a bit also for resale we have seen a big rise of inventory. We are seeing listing that haven’t received any offers go up and the number of sales has gone down both resale and new construction. Pricing in resale homes are still rising but they are not going up nearly as fast as they were a year ago. A year ago, around this time we have notic...