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The downtown area of Las Vegas is changing. If you’ve been down there, or opened up one of the city’s local papers in the past few years, then you probably already know that.

What started a few years ago, an event called “First Friday” to showcase the growing number of galleries’ exhibitions, has evolved into a community of locals dedicated to bringing culture to Las Vegas. Galleries, coffee shops, community spaces, bars, The Smith Performing Arts Center, and urban lofts are just a few new additions.

But downtown Las Vegas hasn’t had it easy. It has been called dangerous, unsafe, and even violent. However, a recent article in the Las Vegas Weekly uses Metro’s statistics to give a different perspective on the stereotypes. It turns out that contrary to popular belief, downtown Las Vegas is no more dangerous than other parts of the Valley that aren’t perceived as dangerous.  Either way, downtown Las Vegas is getting safer by the week.

Safety isn’t really the major selling point for downtown Las Vegas, though. It’s unique. Whether you’re interested in a high rise condominium, a maturely landscaped home, or an urban loft, downtown has you covered. With a strong sense of community among its residents and the most urban style of living in Las Vegas–you can walk to a cafe or bar–living in a downtown Las Vegas home has its draws.

Kathryn Bovard is experienced with the often lengthy and sometimes stressful Las Vegas short sale process. If you are contemplating a Las Vegas short sale, she can assist and navigate you through the entire process. Call Kathryn direct at 702-348-7191 to schedule a short sale consultation today.

The Las Vegas housing market isn’t as bad as you might think.  Though the overall price of homes is down from last year, the overall price is staying stable, DQ News reports.  In general, the re-sale market has been strong and is the key to the Las Vegas housing recovery, says Dennis Smith, the president of Home Builders Research.

An example of good news: March home sales in Las Vegas crossed a significant mark, topping 5,000 sales.  The following sentiment–quoted from Hubble Smith (Las Vegas RJ), quoting David Brownell (Keller Williams Realty)–bodes well for Las Vegas real estate:

“Everybody still has the mindset that the market is in the tank, but the market is as vibrant as it’s ever been.”

He continues:

“To cross the 5,000 mark in March is very significant. It’s huge. There are probably only a handful of months that cross 5,000. To have that in March, what does that mean for June and July? Maybe 5,500?”

The majority of sales has been of existing homes, so this good news doesn’t exclude most of the Las Vegas high rise market.

 

 

Kathryn Bovard is experienced with the often lengthy and sometimes stressful Las Vegas short sale process.   If you are contemplating a Las Vegas short sale, she can assist and navigate you through the entire process. Call Kathryn direct at 702-348-7191 to schedule a short sale consultation today.

Considering a Las Vegas Home purchase?  Search all Las Vegas Homes for Sale using our free, interactive map-based search.

 

When it comes to selling your home, the little things count too, and they can count big, especially if you are considering a short sale in Las Vegas. A new article by Christine Haughney in The New York Times gives some pretty unbelievable examples of small changes that home owners made to increase the value of their home. Here are a few of them:

1. If your home is cluttered, subtract 5% to 15% off the asking price. Homes that are cleared out of too many books, toys, etc. generally sell faster and for up to 15% more.

2. Buy a closet full of expensive shoes. No, seriously. They will end up paying for themselves and more. Potential buyers often unknowingly want to live the life they envision a new home will provide. And if the seller is able to maintain a lifestyle that includes a closet full of expensive shoes, the buyer will want a piece of that life.

3. Get rid of any old, dirty, or worn rugs. No potential buyer wants to move into a home that they envision is dirty. Replacing a prominent, old rug with a new $400 rug can up the asking price by up to $5000.

4. Get professional lighting advice. It may cost somewhere between $100 and $200 but the pay off on a $900,000 home is an additional $32,500 on the original asking price.

5. Buy new, fresh towels and pillows. After spending $700 on both, one home’s original asking price went from $450,000 to being sold for $475,000. That’s an increase of $25,000!

Some of these ideas might sound like flukes that the home owners just happened to be lucky to benefit from. But when it comes to selling your home in Las Vegas or considering a Las Vegas short sale, it’s good to have an agent that will think outside the box to get you the best value for your home. Kathryn Bovard is experienced with the often lengthy and sometimes stressful Las Vegas short sale process. If you are contemplating a Las Vegas short sale, she can assist and navigate you through the entire process. Call Kathryn direct at 702-348-7191 to schedule a short sale consultation today.

So, you’ve decided to sell your home. You have the internet and that sign in your front lawn. What could possibly go wrong? Lots. Whether you are one among many in the Las Vegas short sales market or just ready for a change of scenery, here are four tips to help you when selling your home:

1. Don’t attend your own open house.

This one is probably more difficult for some than others, but if you are selling your house, you really shouldn’t be around at the open house. All the reasons you might think your home would be great for a potential buyer might not translate. Instead allow the buyers to give unbiased, objective feedback to the agent. This will only help you in the end.

2. Do hire an agent.

What can an agent do that a for-sale-by-owner can’t? To start,  you won’t get on the multiple-listing service (MLS). That means that other agents are not going to know that your property is for sale. An agent can also show your home for you, which saves you the time of having to be home whenever a potential buyer wants to come by and take a look. Last, having an agent during the closing will help you understand all of the legal complexities.

3. Don’t pick the wrong agent.

If anything is worse than having no agent, it has to be having the wrong agent. A meeting with an agent should be like a job interview because this person is going to be working for you. It can also be helpful to meet with an agent in her office. Not only will you find out how organized the agent is, but you’ll have a better feel for the environment she works in and whether her level of professionalism is conducive to being able to do a good job for you.

4. Do explore all of your marketing options.

When you meet with your real estate agent, discuss the different marketing tools that he or she has available. This should be done in the beginning when you are setting up a contract.

Considering selling your home?  Search all Las Vegas Homes for Sale using our free, interactive map-based search. Or call Kathryn Bovard direct at 702-348-7191 so she can assist and navigate you through the entire process.

The Greater Las Vegas Association of Realtors reported that cash buyers made up 51% of all Las Vegas homes purchased in January, a first ever for Las Vegas. And this number will only be increasing due to Las Vegas’ emergence as one of the most affordable housing markets in the nation. But what is so exciting is who these cash buyers are that purchased more than half of existing home sales.  Most of them are, in fact, investors who will keep buying homes in cash as long as lending standards remain tight, prices remain at bargain levels and the availability of lower-priced, bank-owned homes is plentiful.

Paul Bell, president of the Realtors association, was recently quoted in Hubble Smith’s article in The Las Vegas Review Journal as saying, “I’d say we’re fortunate to have these buyers in our community. These smart-money buyers are voting with their pocketbooks on the future of our local housing market. It shows domestic and worldwide interest in real estate here because we’re seeing many international investors buying property here at an amazing rate.” Basically what this increasing percentage of investors as buyers tells us is that they obviously think our market is undervalued and see potential for growth. And this could translate into a wonderful opportunity to seize the market by buying a home now before the growth spurt that investors are predicting. Although many investors are buying deteriorating homes to renovate and then rent or sell them at a profit, a buyer in this market has other options too.

Considering a Las Vegas Home purchase?  Search all Las Vegas Homes for Sale using our free, interactive map-based search. Whether buying a Las Vegas Home or renting, don’t try to go at it alone. There’s lot of resources online, and an email to a local real estate or mortgage pro can set you in the right direction.

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