Archive for June, 2006

Las Vegas Real Estate: The Global Perspective

Friday, June 9th, 2006

Las Vegas Real Estate:  The Global PerspectiveHave you ever wondered how your own piece of the Las Vegas Real Estate pie compares to similar properties in other parts of the Las Vegas Valley? Better yet, have you found yourself wondering how Las Vegas Real Estate compares nationally to other cities of similar size? While much has been made of the fact that the Las Vegas market is among the hottest here in the States, how do we look from a global perspective? The question carries more weight than mere curiosity. At MS Las Vegas Real Estate, we speak to clients based in Europe and the Pacific Rim on a regular basis. It seems that overseas investors are interested in American diversification for their portfolios in ways that extend well beyond stocks and bonds. Based on residential appreciation rates for Las Vegas Real Estate over the last five years, it’s no wonder that global investors take time to investigate our market in particular when examining their U.S. investment options. The question is, when examined from a global perspective, how do we look?The first key to understanding the true significance of the residential property market in the Western World is to look at it’s size and velocity. The total value of residential property in the First World is approximately 60 trillion dollars. The amazing part of this story is the fact that almost 20 trillion of that value has been added in the last 5 years. This is almost twice the rate at which global equities have increased over a similar time frame. But who’s hot and who’s not when you look at the world map?Believe it or not, the hottest thing going right now is the market in South Africa followed closely by real estate stalwart Hong Kong. Australia has been on a tear for the last couple of years but has recently cooled down significantly. Ditto for Great Britain, where a multi year run-up has recently stalled out. The volume of sales in the UK has dropped dramatically in the latest quarter and prices are actually starting to fall back a bit. By contrast, France and Sweden are still strong and on the upswing. Joining that group is the United States, where the average price of a home nationwide gained 13% this year. California and Washington D.C. have made above average gains (approx. 20%), but pale in comparison to the residential market for Las Vegas Real Estate. It’s no wonder that we speak to so many overseas investors at MS Las Vegas Real Estate. If the goal is diversification into U.S. residential property, Las Vegas is not a market to be overlooked. Our firm stands ready to deliver a level of service and local expertise to satisfy the most demanding global investor.Please visit our website located at for more information.

Smooth Jazz and Beautiful Art on Mount Charleston

Tuesday, June 6th, 2006

Mount Charleston Jazz FestivalMS Las Vegas Real Estate invites you to the inaugural Mt. Charleston Jazz Festival beginning June 30th and wrapping up on July 2nd. Combining with the great live music will be an extensive exhibition of local art talent presented by Art Encounter, the largest fine-art gallery in Nevada. With works available for both viewing and purchase, this is a great opportunity to gather a greater appreciation for the artists among us in Southern Nevada. The Jazz Festival itself features Kool and the Gang and a wide range of styles and talents. Friday night festivities include a wine tasting party and Saturday night the Mt. Charleston Hotel is hosting a charity benefit gala. The best part of all? The crisp, clean, cool air and dramatic scenery of the Toiyabe National Forest way up there on the mountain, just 45 minutes from the Las Vegas Strip!

Great Golf Vacations at Lake Las Vegas!

Sunday, June 4th, 2006

Lake Las Vegas Golf!If you’ve never considered a golf outing to Lake Las Vegas, you really should think again. Whether you make a day trip or stay a few, you’ll be amazed at the serenity and sheer beauty that has been carved and created out of what was once a barren desert valley. The lake itself is 320 acres of shimmering magic and the courses have been designed by Nicklaus and Weiskopf for maximum aesthetic appeal in relation to the terrain. Stay-and-Play luxury golf packages are available at two incredible facilities, The Hyatt Regency Resort Spa and The Ritz-Carlton, Lake Las Vegas. Choose from the Reflection Bay Course or The Falls Golf Course or get greedy and play them both! You won’t be able to help but notice some amazing Las Vegas golf real estate as you’re making your way through eighteen. In fact, Lake Las Vegas homes are some of the most unique and spectacular in all of Southern Nevada, especially along the South Shore!

Spanish View Tower Homes: Vertical Luxury

Saturday, June 3rd, 2006

Spanish View TowerWhen you see the cranes in the air and the dirt start to fly, you know it’s official. Spanish View Tower Homes are “under construction” at Buffalo Drive and the I-215 Beltway in the rapidly expanding South West Las Vegas Valley. What can you expect to see from this latest Las Vegas luxury high rise condo development? First of all, the Southern Nevada skyline will be making way for three 18-story towers that will provide 444 Las Vegas luxury homes. All three towers will be facing the strip on one side and the mountains on the other. Yes, the views will be to die for! Floor plans run from 1,835 square feet all the way up to 9,500 at the penthouse level. Amenities? Residents will enjoy the convenience of a full service salon and day spa, health and fitness center, tropical pools with spas, tennis courts, putting greens and over seven acres of general recreational space. The location couldn’t be better. Immediate access to the I-215 Beltway puts you at the Airport or on the Las Vegas Strip in fifteen minutes. Considering a vertical move in your residential future? At MS Las Vegas Real Estate we’re ready to help you make it happen. Call us for a personal tour of the models at 888-349-2595.

Lake Las Vegas Real Estate: Bella Fiore by Pardee

Saturday, June 3rd, 2006

Bella Fiore - Lake Las Vegas Real EstateIntroducing yet another chapter in the unfolding story that is Lake Las Vegas real estate. Pardee Homes presents the Tuscan inspired Bella Fiore in four distinct floor plans ranging from 2,822 square feet to 4,376 feet. Pricing begins in the low $700’s. This exciting neighborhood of Lake Las Vegas homes features the signature design of the entire Lake Las Vegas master-plan, Mediterranean-style architecture. Interior features are expressed in an atmosphere of dramatic open spaces and volume ceilings. Every Bella Fiore home is built to earn the Environmental Protection Agency’s Energy Star rating. Your exterior amenities? How about life in the Lake Las Vegas community! Enjoy Montelago Village, The Ritz-Carlton, The Hyatt Regency, numerous golf courses, live jazz on the lake and a multiplicity of signature luxuries that make Lake Las Vegas one of the most unique and exclusive master-plans in America. Interested in learning more? MS Las Vegas Real Estate has been doing business in Lake Las Vegas for almost ten years and we’re fully prepared to introduce you to every aspect of this outstanding residential environment.

Modern Loft Living Las Vegas Style at Vantage

Saturday, June 3rd, 2006

Las Vegas luxury homes are increasingly available in a much wider array of designs. A perfect example of this is Vantage Lofts. Until very recently, nothing of this distinctly urban style was available anywhere in the Las Vegas valley. Vantage features the very latest in modern loft design, sleek and elegant, yet comfortable and inviting. Choose between one and two bedroom flats ranging from 1,006 to 1,534 square feet. Alternately, indulge in the spaciousness of two-story lofts ranging from 1,712 to 2,812 square feet. Amenities include resort-style pools with hot tubs and comfortable outdoor lounge areas. Vantage also provides residents with a private clubhouse that includes a gym, theater room and indoor lap pool. Enjoy stunning views of the Las Vegas Strip through 20 foot floor-to-ceiling windows from the privacy of your new luxury loft. Vantage is yet another example of the exciting residential opportunities emerging in the Henderson real estate community. Call MS Las Vegas Real Estate at 888-349-2595 for more information.

Henderson Luxury Homes at Monarch Ridge Estates

Saturday, June 3rd, 2006

Monarch Ridge Estates Las VegasHenderson real estate is about to provide yet another unique opportunity to enjoy a luxury lifestyle in Southern Nevada. Introducing the private luxury enclave of Monarch Ridge Estates. Located just one mile from the Lake Las Vegas community, Monarch Ridge offers a total of seven design choices within an exclusive neighborhood that will total just fifteen Henderson homes. These beautiful luxury estates range from 4,000 to 6,500 square feet and will occupy lots ranging from three-quarters to just over one acre. The residences themselves have been conceived to reflect the architectural character and styling of early Santa Barbara, Spanish Mission, Santa Fe and Tuscan. The elegance and unique character of the neighborhood is enhanced by hand-forged entry gates and distinctive landscaping throughout. Sound enticing? Contact MS Las Vegas Real Estate for more information at 888-349-2595.

Why you should NEVER go to a new home tract without a real estate agent!

Friday, June 2nd, 2006

Red Rock Canyon Realty Real Estate Agent Angela EyerWould you defend yourself in court without your own lawyer present? You probably wouldn’t try and operate on yourself either right? So why would you enter into a real estate transaction without professional help and guidance from a licensed real estate agent? If you are buying a home, you are represented FOR FREE! The developer of the home you are buying pays the real estate agents fees.

Angela Eyer (pictured at left), of The Sterling Team at Red Rock Canyon Realty, explains to us why you should NEVER go to a new home tract without taking your real estate agent along with you:

Walking into a new home salestraq can be intimidating and uncertain experience.

If the buyer gets representation from a real estate agent who does not work for the builder, they are getting their needs looked after. The salespeople at the new homes salestraq are looking after developers best interests, not yours.

If bring your own real estate agent with you, they can make sure there are no hidden fees, or technicalities, that could cause you to lose the home, or not be able to afford a home that was thought to be the right price. Education up front in the new home sales buying experience is as relevant as the information and representation that you receive from your REALTOR. Without it, you are at the mercy of the builder and their terms. Our new home sales experience has shown without a doubt to have benefited our clients throughout the entire transaction.

Builders basically do whatever they like, and buyers generally have very little they can do to get them to perform if they are unhappy with the builders actions to date. A good Realtor will keep those builders in line. A Realtor is like an insurance policy that offers their representation and considerable experience for free as he is paid by the builder and not the buyer. It costs you nothing.

Angela Eyer is one of the top producing agents on The Sterling Team. If you’re shopping for a new Las Vegas home, make sure to contact her right away! Her contact information is as follows:

Angela Eyer
Toll Free: 888-349-2595
Direct: 702-296-4658

Title Companies and Real Estate Closings in Las Vegas

Thursday, June 1st, 2006

Las Vegas Real Estate Agent Jackie HarrisIn Las Vegas, home closings are handled by Title Companies, not real estate attorneys. In fact, it’s extremely rare for real estate attorneys to be involved in real estate transactions at all.

Sterling Team Member Jackie Harris (pictured at left) offers some insights into the process of closing on your home in Las Vegas:

Title companies take care of the exchange of property between the seller and buyer. They are a group of people with designated responsibilities to make sure the title of the property is clean and has no liens attached to it. The escrow officer is the person responsible for making sure the file is put together accurately, all agreements are met according to the contract, and all documents are in order. Title companies also take care of the disbursements of all funds after money is received from the lender at closing. They also take care of recording the deed before the buyer takes possession of the property.

The buyer is given the choice of which title company to use, but sometimes the seller makes a request to use a specific company of their own choosing. Real estate agents perform a liason function between buyers, sellers and the title company. The agents make sure the title company receives contracts, addendum’s, contingencies, and earnest money.

Thank you Jackie for those helpful insights into how Title companies work and operate.

If you have any questions on Title companies, or real estate in Las Vegas, please contact Jackie directly with her information provided below:

Jackie Harris
Toll Free: 888-349-2595
Direct: 702-561-1262