Las Vegas Real Estate NOW

Let’s talk about those occasions when title insurance is required for on a nonstandard manner. When title says this term, it means it is a method on requiring title. These are titles that are home purchased that were foreclosed, trustee sale, and you can also acquire by bidding on a non-judicial HOA foreclosure. It is difficult to acquire title insurance for these types of sale, but Equity Title h...

For March of 2019 we use our February data and this month we currently have 7,726 available homes on the market this is only for single family homes. Currently have 3,586 homes in escrow and 2,085 that have sold in the last 30 days. That is an absorption rate of 3.71 again, absorption rate is the number of months it is going to take to sell the existing inventory based on the current rate of sale....

Not all real estate agents are Realtors and we have a lot of real estate agents in town. Realtors are licensees who are members of the Greater Las Vegas of Association of Realtors and they also belong to the Nevada association and the National group. One very important part of being a REALTOR, is having fiduciary duty to your client. The basic meaning of fiduciary duties is loyalty to that client....

What we do at Southern Fidelity Mortgage or any loan officer that is out there. We want to make sure that the borrower is eligible to qualify and there is so many different programs that are out there. That the borrow may not know about these programs and it is a really good idea for them to start speaking to a lender. Some buyers don’t realize how little money they really need to purchase a home....

Everyone is all upset about their tax returns because they are not what they used to be and there are numerous reasons for that. Let’s start off with the change in the tax break, everybody’s tax rate went down in 2018. When your tax rate goes down and if you have not changed your withholding. Your withholding is going to automatically go down. The reason for that is that your net pay is calculated...

What happens to the people that cannot do the normal loans and is there other types of loan they can qualify for? There are other options that is worth offering to people the idea of that is non-government, non-inside the box types of loans. These have really pushed in our market and it is becoming a larger segment of the market place out there. On a normal mortgage there is all kinds of reasons o...

Harvey has said this before if you listen to the show, his partner Joel says this “figures lie and liars figure.” This is the thing guys $300,000 median price is affected by so many factors. First, how many more homes over million dollars are we selling now than we did in the recent past? A lot more even if you take it off the top bunch there is still a lot in that million-dollar segment. The othe...

Upcoming events that are for Young Artist Orchestra of Las Vegas. I do know there is concert at the end of this month tell us about this video game music. Yunior explains that this is something that has been happening all over the country where people are going out to these concerts with an orchestra in it. Instead of hearing classical music like Mozart you’re hearing music from video games. It se...

Let’s talk about property profiles, we use these all time as real estate agents. Every time I have a seller interested in selling or a buyer buying, we reach out to Equity Title to pull a report. Basically, what a property profile is a report that is generated computer-based report. Generated of the characteristics of the property so we will show bedrooms, baths, square footage, lot square footage...

When we look at the stats this month, we are going to see a continuing trend. Inventory continues to climb now this is only single family homes in our market. Currently we have 7,795 homes available that is just single family not including condos, townhomes or high-rises. In escrow or under contract we have 3,041. Lastly sold in the 30 days we have 1,647, that is an absorption rate of 4.73. That i...