Archive for July, 2006

Condo Conversions: A New Option for Las Vegas Home Buyers

Saturday, July 8th, 2006

There is a new development in the market for Las Vegas real estate that will allow more people to be included in the satisfaction and security of home-ownership. All over the Las Vegas valley, apartment complexes are being converted into condominium communities. This is an excellent opportunity for Las Vegas home buyers that need to stay in the $100-$200,000 price range. The market for real estate in Las Vegas has surged tremendously in the past three years. The median price of a brand new Las Vegas home is now about $285,000. These new condo conversions provide a great opportunity for first time buyers, real estate investors and second home purchasers as well. Any questions? Contact MS Las Vegas Real Estate at 888-349-2595.

Summer Fire Season is a Scorcher!

Saturday, July 8th, 2006

The Southwestern United States is already having a challenging wildfire season. Blazes around Sedona, AZ have been all over the news and threaten to do serious damage to major residential areas. Here in Southern Nevada, no less than 14 wildfires were ignited by lightning last week. Luckily, no Las Vegas homes were damaged, but you can’t miss the smoke hanging in the air in the distance. Statewide, over 140,000 acres have been set ablaze by lightning over the last 10 days. Residents of Las Vegas real estate are really very lucky, even this time of year. The fires in our part of the State tend to be from 15-50 miles outside of the metropolitan area and burn in essentially uninhabited sections of the raw desert. Triple digit heat combined with gusty winds give a lightning strike all it needs to make trouble. Many people in the scientific community are attributing the increase in southwestern wildfire activity to global warming, but who knows if that’s really the cause. In any event, at The Sterling Team at Red Rock Canyon Realty, our thoughts are with the brave and exhausted men and women that fight these fires both for a living and on a volunteer basis. What would we do without them?

Las Vegas Real Estate: Is a FSBO right for You?

Friday, July 7th, 2006

FSBO stands for For Sale By Owner, and there are a number of issues to consider in deciding if this is the right route for you to take when selling your home. Did you ever imagine that personal safety might be among them? The MS Las Vegas Real Estate team would like you to consider some of the points that we think are important when making this crucial decision. Let’s begin with the safety issue because it’s very real and often overlooked. If you simply plant a “For Sale” sign in your front yard and put an ad in the classifieds, you’re going to meet some new people inyour life. Not only that, but you are going to invite them into your home for a very thorough viewing. Who are these people? How do you know that they are who they say they are? Are you really sure that theirinterest in your home is to purchase it? Think about it for two seconds in a realistic way. The question then becomes, how is it any different when MS Las Vegas Real Estate brings someone into your home? Actually, it’s very different. At MS Las Vegas Real Estate, you can’t even begin to think about looking at personal residential property until you’ve been properly qualified to do so. The bedrock of this process involves the prospective buyer providing highly detailed and verifiable information about who they are and why they are financially qualified to purchase such a property. This is a crucial screening step that provides a service that extends well beyond financials and conveniences for the properly represented seller. About 30% of FSBO sellers last year knew their buyers personally, which means that 70% didn’t.A corollary issue to consider is the unsurprising statistic that roughly 70% of FSBO escrows that are opened end up being canceled before completion. This is a direct result of financial pre-qualificationproblems that un-represented sellers face. Understanding the mountain of paperwork and being able to complete it properly also poses a significant problem. It’s important to understand the liability issues involved in making mistakes and especiallyomissions. The list of disclosure forms alone gets longer and longer every year. At MS Las Vegas Real Estate we are totally committed to the continuing education process. Our team is fully versed and up to date on the latest developments in real estate practices. Another inconvenience to consider is the simple fact of your own time. A FSBO seller has to be available to show the property themselves whenever a prospective buyer wants a look. This can get more inconvenient than you might think. Life in Las Vegas runs around the clock. People work all different schedules of days and nights. You would be amazed at how many potential buyers might need access to your home for a viewing at a time that just won’t work for your schedule. In conclusion, a FSBO sale works better for some people than others. Take stock of your own situation and think it over carefully. MS Las Vegas Real Estate would be happy to assist you in making this important decision.

Las Vegas: Bachelorette Party Capital of the World!

Friday, July 7th, 2006

What happens in Vegas stays in Vegas! This is especially the case for one of the newest targets for party-marketing in recent Las Vegas history, the wild and crazy bachelorette party scene. Bachelor parties have been a staple of the Las Vegas experience for as long as anyone can remember. Now it’s time for the girls to have their fun as well! There is no shortage of venues available for Las Vegas bachelorette activity. Women have a choice of half a dozen different male review shows to choose from. Party consultants are all over this one, with plenty of ideas about where to go and what to do. Anecdotal evidence suggests that bachelorette parties are now 30-40% of their business. This is a craze that’s here to stay……in fabulous Las Vegas!

Las Vegas Real Estate: The District at Green Valley Ranch

Thursday, July 6th, 2006

“The District” at Green Valley Ranch is more than a new Las Vegas home, it’s a lifestyle choice that makes a bold statement about the value of living in a truly urban environment. You can be forgiven for thinking that you are walking through Greenwich Village or SoHo in lower Manhattan. The District is an enclave of tree lined streets with an emphasis pedestrian access. Retail shops and restaurants populate these unique buildings at street level, with condos built on the floors directly above. There are a total of 88 luxury loft units ranging in size from 875 to 1,749 square feet. The District is an “urban neighborhood” in the truest sense of the term. An intimate sense of community pervades the entire development. Residences are available for viewing by appointment only. MS Las Vegas Real Estate would be happy to provide a private showing at your convenience.