2008 August | Las Vegas Homes, Condos, Land and Commercial Real Estate Blog

Entries from August 28th, 2008

Latest improvements to Las Vegas homes, condos, land and commercial real estate

August 28th, 2008 · No Comments · Las Vegas Commercial Real Estate, Las Vegas Real Estate

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 [...]

Las Vegas high rise and mid rise condominiums and luxury condos, about Allure High Rise Condo Towers part two

August 25th, 2008 · No Comments · Las Vegas Real Estate, Las Vegas high-rise condos

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 [...]

Las Vegas high rise and mid rise condominiums and luxury condos, about Allure part one

August 21st, 2008 · No Comments · Las Vegas Real Estate, Las Vegas high-rise condos

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 [...]

Las Vegans who take pleasure in Las Vegas recent real estate troubles are not only short sighted, they are disloyal

August 18th, 2008 · No Comments · My Business and Personal Blog

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 [...]

Las Vegas home and condominium buyers should get pre-approved before making an offer, here is why. Countrywide’s Real Estate Purchase Addendum, conclusion

August 17th, 2008 · No Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes

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. [...]

Las Vegas home and condominium buyers should get pre-approved before making an offer, here is why. Countrywide’s Real Estate Purchase Addendum. Part One

August 14th, 2008 · 2 Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes

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 [...]

Las Vegas is among the 10 best cities in the United States for commercial real estate and investment properties, says Forbes.com.

August 13th, 2008 · No Comments · Las Vegas Commercial Real Estate, Las Vegas Real Estate

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 [...]

Contribution by interested parties toward buyer down payment is going away Oct 1st; Las Vegas home and condo buyers should act now

August 11th, 2008 · No Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes

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 [...]

Why Las Vegas private home and condo sellers have a hard time selling now? Over 74% of Las Vegas residential July sales are foreclosures and 9% short sales

August 8th, 2008 · No Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes

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 [...]

When does Las Vegas real estate hit bottom?

August 7th, 2008 · No Comments · Las Vegas Commercial Real Estate, Las Vegas Real Estate, Las Vegas condos, Las Vegas homes

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 [...]

Foreclosure, Short Sale or Deed in Lieu part 3? Which one will do less harm to your credit history? Did in Lieu

August 5th, 2008 · No Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes

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 [...]

Foreclosure, Short Sale or Deed in Lieu? Which one will do less harm to your credit history? Part 2, Las Vegas short sales

August 4th, 2008 · No Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes

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 [...]

Foreclosure, Short Sale or Deed in Lieu? Which one will do less harm to your credit?

August 2nd, 2008 · No Comments · Las Vegas Real Estate, Las Vegas homes

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 [...]

Las Vegas commercial real estate prices will decline appreciably in near future, but bargains can be found now

August 1st, 2008 · No Comments · Las Vegas Commercial Real Estate, Las Vegas Real Estate

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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