Las Vegas Real Estate NOW

There are a few things that the clients should be thinking about first of if you bought or sold a home in 2019 you should have a copy of your settlement statement have it handy once you go do your taxes and might get some benefits when providing to your CPA. Another thing to do is to look at the Clark County assessor’s website and it is annual check up for homeowners to make sure there aren’t any...

Huge announcement we have today on the show, and it is exclusive information. The VA announced that beginning of January 1st, 2020 they are removing maximum limit on VA loans for no down payments. So, what that means you go to John Ingram today and are a resident of Clark County and get a loan from John the max he can give you is roughly around $484,000 with NO DOWN PAYMENT! Now beginning January...

Someone that is an independent contractor and provided services to you and you have paid them in excess of six-hundreds of dollars needs to receive a 10-99 at the end of the year. Anyone that received more than $600 dollars through a course of business throughout the year needs to get a 10-99. With the payer the person who is contract with the independent contractor needs to get form (10-99). Now...

Currently available we have 7,540 now these are only single-family residents. Now these are under contract homes we have currently 3,582, sold in the last 30 days 2,630 and now that leaves us with number of months of inventory of 2.87. If you were take the number of homes of available against the ones that were sold we got a little less than 3 months’ worth of inventory available right now. The av...

There is a contract that attorneys come up with and it is called the decree for a married couple getting divorced. There are specific terms that divorcee need to be thinking about and the first thing to say to yourself is that if you are actively in the progress of getting divorced and are legally married still but not yet divorced you are kind in limbo. A mortgage will look at you and say until y...

This is Young Artists Orchestra fifth season doing the Alumni showcase and they are still doing all of their variety of stuff it is almost like a fancy buffet. LVYAO doesn’t just play classical music and this year they had such a great start in the season they had two shows of them was sold out and the other one nearly sold out. The Cuban show was so popular, and they might end up doing another sh...

On our Brown Blankfeld website that people use for Real Estate purposes and Rick chimes in those that are really important just to get information. Rick talks about three important websites and they are Clark County Recorder, Clark County Assessor and County Treasure. The great thing about the County’s website is that they are resourceful, and you can reach all of the websites at clarkcounty. NV.g...

There are special needs for our mature client’s things that they need and other do not. For instance, let’s talk about protecting our mature and wise audience from scams because they have not been exposed to a lot of the online stuff that we have seen in the past that we are seeing now. One thing that Harvey found in the SRES packages is information that they share with REALTORS and the informatio...

How to be a successful REALTOR by Harvey Blankfeld

In the state of Nevada there is a variety of ways to hold title Rick talks about the most common ways used here in Nevada. First one is Tenants in Common it is basically described as ownership divided by a percentage is the best way to be able to explain that. Ownership when one of them passes away it will have to go through probate. Second is Joint Tenants works or the way Ricks calls it “the las...

Harvey reads an article he pulled out of the Review Journal and it talks about how the homes in the us has have risen 5% of the past year and will continue to rise but even that certain homes might not. What they are talking about is that there are ways that can influence your home and hurt the value. The first one is that your home is dated compare to the nearby properties. Second item is that yo...

Sometimes it is not always best to refinance your loan what you need to look for in the mortgage is more than just your monthly payment. The most common reason John tells them is not to refinance is that the client will not receive a benefit from it in the refinance in real saved dollars. Idea here is yes you can refinance your loan possibly lower your interest rate and save some money on your mon...

The reason why you need to have so much paperwork turned into your lender is to prevent bad things from happening to the real estate industry and housing market overall. Lenders came out with a rule to make sure that lenders are only giving loans that are relatively safe to give. That means lenders must evaluate all characteristics that borrowers that go into their ability to pay back this money a...

Currently available these are single family homes we currently have 7,858 homes available. We have 3,763 currently under contract, we have 2,924 that have been sold in the last 30 days. That leaves us with 2.69 months of inventory currently on our market in single family homes, average days on market are 43 days. Now we will compare to last month (September) to this month (October) we had 46 days...

The nature of wire fraud is so devious and nasty it is not just in real estate, but it is anytime you are sending a wire. Here is what happens there are numerous of ways that these crooks will steal your money. If you are in a middle of a real estate transaction, they love that because of the big stack of money. What the hackers are going to do they will send you an email it will look like it came...

The recent recession was horrible, and John has a regular conversation with the consumers right now that are receiving possible information about the recession that is might be coming. The circumstance that allowed for 2008 to happen and for the home values to drop as down as they did, and the devastation of the economy as a whole is not replicable today for that same reason. The financing is not...

There is a big difference between in today’s market and what we were dealing in the mid 2000’s and Mark Stark elaborates on this topic. There is so many differences in todays market than in the mid 2000’s the market at that time created a powerful downturn and probably the number one reason is because of free-flowing capital. When you can sign your name to get a loan and all you needed was good cr...

The appraisal form that they currently use for Fannie and Freddie loans do not include a lot of elements in it that gave credits to sellers for having a home that is energy efficient. Such as solar panels, Lowy Windows or other elements that would make the home energy efficient. Now the new form will allow that which is outstanding because your electric bill was $270 a month now it is $12. The imp...

There have been some problems with flipped homes here in Southern Nevada. Reasoning for that being is that some people in our community unfortunately have not been using licensed bond contractors. They rather use someone that is not to be able to maximize their profits but then the flippers end up getting in trouble and going through lawsuits. Also, some seller has had complaints with the Real Est...

How to hold title is called vesting and there are a lot of choices on how to go about it. Rick gives us the breakdown about what are joint tenants, tenants in common and trust. The two most common title sees is tenants in common and joint tenants. Tenant in common is an equal share if you are on title not just husband and wife but individuals. Everyone can get 25 percent each or the group can divi...

Fannie Mae and Freddie Mac are grantors of 50 percent of mortgages that are active here in the United States. If you think about number wise there is roughly about $10 trillion of dollars in mortgages out there. Fannie Mae and Freddie Mac are about $5.5 trillion dollars’ worth of mortgages that they grantee. When the crash happen in 2008 they encounter difficulties and our federal government had t...

We are almost to the last quarter of the year and the sooner we prepare our selves for that tax bill. If this year (2019) you got a refund most likely you will get one next year (2020). If you are a W2 employee not much has changed and with the new tax law the standard deduction has doubled so most of us only qualify for the standard. If you got a tax deduction in 2018, you will get one as well fo...

Josie with the Housing Division talks about all the different Home is Possible programs that the state of Nevada has to offer. They are not just for first time home buyers this can be your third time you purchase a home and there is a program out there for you. First one is the Down Payment Assistance Program and you don’t have to be a first-time home buyer. The requirements for this program are t...

This article states that Phoenix just overtook us as the fastest growing city. For the first time in twelve months we see that another market past us in the fastest home prices for single family homes. We think it is a good thing that we are not the fastest growing market in prices just because we think it scares people and not want to buy. We prefer it to be slow and steady increasing market. Whe...

The experts think we will see the lowest interest rates ever at some point this year. You have a certain amount of dollars everyday that are invested into, mortgages and stocks. There is a global competition for those dollars, when you look at the competition you get the most out of your money here in the U.S. As interest rates in Germany, E.U. and Japan they all fall, and they are actually right...