Las Vegas, Nevada Real Estate Agent’s Las Vegas Homes, Condos, Land, Commercial Real Estate and Personal Blog

I have been working hard on revamping the web-site component of Las Vegas homes, condos, land and commercial real estate. I designed the whole thing blind, which means that I did not even look at any other real estate web-sites. The reason is simple, while I could have learned some useful things by visiting other [...]

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  Allure has two 41 story high rise condo towers and was built by Fifield Companies of Chicago. Allure tower offers 15 distinct floor models that vary in square footage from 670 to 4400 square feet.  These one, two and three bedroom condominiums have one or more balconies that look over the Las Vegas Boulevard [...]

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 Before I discuss Allure, I like to start by discussing land prices in Allure’s neighborhood. Allure’s builder purchased his land for about 3.5 Million dollars per acre. The land across on Sahara was purchased by MGM Mirage. The 25.4 acre parcel that has commercial tourist zoning (h1) was bought for about 18 million dollars per [...]

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As an American citizen by choice and a Las Vegas resident, I am partial toward both, actually when it comes to Las Vegas I am downright prejudiced as I LOVE LAS VEGAS. However, I don’t let my love for this great metropolis affect my analysis of the Las Vegas real estate market.
I truly value freedom [...]

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 Getting the best possible deal for a home or condominium is compromised of two parts. One is buying the home or condo at a good price and the other is getting the best mortgage deal.
Any savings on the price of a residence can be reduced by paying higher interest rates for a mortgage loan. For [...]

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 Below is proof positive why home or condo buyers should get pre-approved before they look at a home or condominium in Las Vegas, let alone make an offer on one. The following paragraphs from Countrywide’s Addendum to Real Estate Purchase Contract spells it out are very well. A few notes about this addendum, which I [...]

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 Forbes.com has proclaimed the Greater Las Vegas Valley as one of the top ten cities in the United States to invest in for commercial real estate, I couldn’t agree more and it is. They said that commercial real estate bargains abound, I said that three months ago.
The only problem that I have with this is [...]

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 A negative side effect of Hope for Home Owners act is that as of October 1st, interested parties in a real estate transaction are forbidden to contribute towards buyer’s down payment if the loan is backed by FHA. This includes the seller, buyer and seller’s agent and Escrow Company and the lender and down payment [...]

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 Private home or condominium sellers have to compete with deep pocketed banks and other lenders to sell their property in Greater Las Vegas. Not only do these lenders have a great deal more money than a typical owner occupied home owner, any and all laws that have been passed by the congress so far in [...]

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  When does Las Vegas real estate hit bottom? To answer this I need to discuss a little mathematics. In order to have a bottom, you have to have a graph or curve of one or more dependent variables against an independent variable, in many cases, the independent variable is time (X=t). Thus comes the [...]

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 This is the concluding article of three part series about Las Vegas, Nevada short sales and foreclosure process which was presented in a class by Scott Gillespie who is a mortgage planner with First Horizon Home Loans. This is the concluding part.
Deed in Lieu
Deed in Lie. First let me say from a lending perspective a [...]

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This is the second article of three part series which was presented in a class by Scott Gillespie who is a mortgage planner with First Horizon Home Loans. I believe you will find it worthwhile.
Las Vegas, Nevada Short Sales
Short Sale-If you owe more then your home is worth but you want to try and do [...]

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 Hope for Home Owners Act will undoubtedly effect short sales and foreclosure properties in Las Vegas.  To what extent? Lord knows.
Unfortunately many distressed home owners firmly believe that if they can’t pay their mortgage for a few months, they just should walk away and accept the fact that their credit is ruined for a number [...]

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   In greater Las Vegas Valley, commercial real estate lags residential real estate by one to one and half years. Residential pricing peaked in the mid 2005 and did not drop substantially until late 2006. Price drops accelerated sharply in late 2007 and are stabilizing in the 300,000 and lower price range as the luxury home [...]

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