Las Vegas Properties Blog

Invest In Las Vegas

The Las Vegas real estate market has presented great opportunities to real estate investors.  Prices and interest rates are at an all time low.  The average Las Vegas single family home’s median price is less than it was in 1990.  Investors have account for about 50% of all sales in the Las Vegas, Henderson and North Las Vegas markets. 

The profile of the real estate investor has changed during the last few years of challenging economic times.  In the Las Vegas market, investors are experienced, most of whom purchase multiple properties, either as individuals, or as part of an investment group.  As the mortgage underwriting standards have become so strict, a majority of investors are paying cash; this is in contrast to the investors of 2002-2005, when investors leveraged their purchases with minimal down payments and adjustable mortgages.  Investors today are not as interested in “flipping” properties, but, rather, focused on cash flow and long term appreciation.  Knowing that Las Vegas real estate prices have bottomed out, investors focus on properties with good rental income potential.  By holding these properties for 3-7 years, they will realize future appreciation and income.

Las Vegas investors have many options – REO (Bank Owned) properties are being sold at great discounts; short sales are being sold at prices that are sometimes 50% of the original purchase price.   Real estate auctions also present opportunities for investors.  And, with commercial properties being offered at their lowest prices in many years, investors can enter the commercial real estate investment market that was previously out of their price range .

If you would like more information about investing in Las Vegas real estate, please visit http://www.lasvegasproperties.com or http://www.shortsaleconsultantsofnevada.com.  For our Free Report, “How To Invest In Las Vegas Distressed Properties,” email terrilvp@cox.net or call 1-888-876-8383.

YOU HAVE OPTIONS!

If you are a Las Vegas homeowner who is facing the possibility of Foreclosure, you should not that YOU HAVE OPTIONS!

Have attorneys promised you a LOAN MODIFICATION, or tried to convince you to declare BANKRUPTCY?  Have consultants promised to negotiate a SHORT SALE for you?  Are you frustrated, and concerned that the clock is still ticking, and that might still lose your home to foreclosure?  You should be concerned!

 A Short Sale might be the right solution for you. I am a Real Estate Broker with more than 20 year’s experience in Las Vegas.  I am a Certified Distressed Property Expert who understands the complex issues confronting the real estate industry today. You owe it to yourself to explore your options and to improve your family’s financial situation. 

 Here are some of the mistakes made by homeowners facing foreclosure:

Mistake #1 – DOING NOTHING – Fewer options become available as you wait

Mistake # 2 – THINKING THAT A LOAN MODIFICATION IS YOUR ONLY SOLUTION – very few homeowners qualify for a loan mod; 65% of all loan modifications are in default again within 12 months

Mistake # 3 – NOT UNDERSTANDING YOUR RIGHTS AS A HOMEOWNER –

Nevada is a non-judicial foreclosure state; you have legal rights that can help you find a solution

Mistake # 4 – NOT UNDERSTANDING TAX, CREDIT AND DEFICIENCY IMPLICATION

Email terrilvp@cox.net to order my FREE REPORT, “10 MISTAKES YOU CAN’T AFFORD TO MAKE WHEN FACING FORECLOSURE.”

A SHORT SALE might be a good option for you.

MINIMIZE DEGRADATION TO YOUR CREDIT SCORE

PRESENT A SOLUTION TO YOUR LENDER THAT WILL AVOID ADDITIONAL COSTS AND LENGTHY DELAYS

HELP TO MINIMIZE YOUR DEBT OBLIGATIONS

AVOID DECLARING BANKRUPTCY

ALLOW YOU TO PURCHASE ANOTHER HOME WITHIN 2 YEARS

CONTINUE TO LIVE IN YOUR HOME DURING THE MARKETING AND SELLING PROCESS

 I offer a FREE, NO OBLITATION CONSULTATION to help you determine your eligibility for a Short Sale.  For more valuable information, visit my website,

http://www.shortsaleconsultantsofnevada.com/  or call me at 702-379-6627. 

Las Vegas Homes

During the recent real estate “slump,” Las Vegas homeowners are taking the opportunity to renovate and spruce up their homes!  Rather than trying to sell at today’s low prices, and instead of buying a new home, Las Vegas has seen a surge of renovations and remodeling projects.  Both interior and exterior projects have generated great business for home improvement stores and contractors.  One of my favorite business partners, ProSource, has helped homeowners to create new and unique decor in their Las Vegas homes. 

ProSource provides my clients with some great and innovative design options when they are considering remodeling their homes.   And they always share interesting and important information about their products, which help homeowners with their design selections.

Leo Cuellar recently visited ShawFloors.com and thought you would enjoy this article: Carpet Myths. Shaw has the expertise and information to help you find floors that fit your home and your life.  If you would like to receive information about new products, please email me at terrilvp@cox.net and I’ll make sure that Leo sends info your way!  If you are thinking of selling your home, or buying another home or investment property, please contact me at Las Vegas Properties, or call me at 702-379-6627, or email terrilvp@cox.net.

Las Vegas has always been known for its glitz, glitter and gaming.  But we have so much more to offer!  A team 15 high tech companies have joined forces to develop The LINQ360 Innovation Center, with headquarters located in the master planned community of Summerlin.  The LINQ360 Innovation Center is home to various technology companies that address the needs of Las Vegas’ huge resort/hotel industry.

The design of the LINQ360 building is quite unique – it has an open-display, convention center-like feel.  Each vendor has its own booth, with displays that offer a hands-on experience.  One of the displays is an actual hotel room, where clients can see future technology and how it will improve guests’ hotel experiences. 

The Nevada Development Authority has been successfully bringing new companies to the Las Vegas area, in an effort to diversify our economy.  This high tech venture oneof th most exciting new companies who promise employment opportunities to Las Vegas residents. 

Las Vegas is a great place to live and work.  If you are thinking of relocating to the Las Vegas, Henderson or North Las Vegas areas, please contact Las Vegas Properties - or email terrilvp@cox.net

Summerlin has been the most popular and successful Las Vegas Master Planned Community for the past 15 years.  And, although this community in Las Vegas has had its challenges in today’s real estate market and national economic conditions, Summerlin shows signs of recovery!  Home sales have increased, both in the resale and the new home market, Summerlin retail and commercial real estate is looking up! 

During the 4th quater of 2010, the Summerlin area had 60,000 square feet of new construction in the commercial market.  The office vacancy in Summerlin was 22%, compared to the highest vacancy percentage in other Las Vegas communities.  Summerlin’s retail vacancy rate was only 5%, compared to the highest rate of 16% throughout the Las Vegas valley.

The Shops at Summerlin, a mega-shopping center planned by General Growth Properties Inc, is still on the drawing board.  The 100-acre parcel is planned to include a 1.4 million square foot regional mall with luxury anchor tenants – Dillards, Nordstrom, Macy’s and Crate & Barel.  The construction schedule for this development has not yet been released, but this development is sure to be exciting for all Las Vegas residents and visitors.

Tivoli Village at Queensridge, which is located adjacent to Summerlin, has opened with several restaurants, upscale retail shops, galleries and outdoor cafes and bistros.  New home builders are offering great prices and incentives on new homes being built in Summerlin, with prices being the lowest since this community opened in 1990.

If you are interested in new homes or resale homes in Summerlin, contact Las Vegas Properties at 1-888-876-8383 – or email terrilvp@cox.net 

The Las Vegas market has been the leading foreclosure market in the country for more than 2 years!  As VP/Broker for a major REO brokerage, my staff sold more than 500 REO assets since 2009, and we are seeing a major shift in this market.  The most active market for brokers, sellers and buyers in Las Vegas is definitely the Short Sale market!  This is not one to be taken lightly, and these transactions are not as easy and quick to close as the government has indicated.   But, with almost every homeowner wanting to sell is facing “negative equity,” this is definitely the niche for me!  Las Vegas statistics show that buyers are more reluctant to purchase REO/Bank Owned properties today.  Many buyers are unwilling to participate in a multiple offer situation,  Las Vegas investors are unwilling to wait for the “30 First Look Policy,” while others buyers have found that the condition of REO homes do not warrant the price paid for a property in need of repair or renovation.  If you are an buyer wanting to purchase either your own home, or if you are looking for Las Vegas investment properties, I might suggest looking at Short Sales.  Be sure to engage the services of a Broker who is experienced and trained to handle these transactions.  I am a Certified Distressed Property Expert (CDPE)  with the experience and knowledge to represent both Short Sale Sellers and Short Sale Buyers.  For more information, please call me at 702-379-6627 or email terrilvp@cox.net for a complimentary copy of my Short Sales Made Easy report.

Las Vegas’ best “gamble” is for real estate investors looking at the Las Vegas market!  At no time in the last 20 years have investors controlled our real estate market as they do today.  More than 45% of all real estate sales this year have been cash investor transactions.  Cash is King in this market!  Investors can negotiate great deals, some more than 30% under the already discounted prices.  In the past yeaar, I have had 300+ REO listings, and investors have purchased more than 200 of those.  Asset Managers and Banks choose cash deals over any others; those transactions close faster and easier, which is the goal.  With the stock market declining every week, banks paying less than 1%, investors need to consider other options for their money.  So, if you are looking at Las Vegas as the “gambling mecca” of the country, think about real estate as your “casino.”

Finding the right Broker to represent you is key to success!  Brokers who specialize in REO properties have the experience and knowledge to find the most suitable properties — wither that be single family, condominium, land or commercial property.   Not all REO properties are good investments.  The price might be right, but the price is only part of the equation.  Your Broker will provide you with an in depth analysis of the market values for that area,  general comparable statistics that will affect future value, and a market analysis of rents and future profitability of your real estate investment.  Your Broker will know how to structure and present your offer so that you are considered by the Bank or Asset Manager, who probably has multiple offers on every property.   Presenting offers on REO properties is quite different from negotiating on traditional properties.   Your REO Broker will be instrumental in seeing this tranaction through the escrow/closing process, ensuring that the Seller and Escrow Officer fulfill their responsibilities in the escrow process.  To search for REO properties in Las Vegas, call Terri White, Las Vegas Properties, at 702-379-6627 or email terrilvp@cox.net.

Las Vegas has been known during the past 2 years as the “Foreclosure Capital” of the country! And, that is accurate. I have not written very much recently about our Las Vegas real estate market, but, rather, I have devoted the past 15 months to marketing and selling REO/Bank Owned properties. This market has exploded, and my office has sold more than 150 foreclosed properties just in the past 6 months! We are now transitioning into Short Sales, which are an entirely different niche. I would love to hear from other real estate brokers and real estate agents as to how this Short Sale and REO market has affected your transactions and business model.
Have you experienced more bank cooperation in negotiating Short Sales? Has your REO pipeline slowed down, or dried up, over the past several months?
How are you managing your agents and how are you generating sales and revenue? I would really welcome comments from Brokers, Agents and from the buyers and sellers who are trying to navigate this real estate market! Please contact me at terrilvp@cox.net!  Also, visit my website at www.lasvegasproperties.com.  I value referral business, and also appreciate all comments and insight!

Palms Place Luxury Condo For Sale!        

Palms Place is the success story of the Las Vegas luxury condominium market.  If you would like to become part of the “lifestyes of the rich and famous” in Las Vegas, you can purchase this beautiful 1,200 square foot Palms Place condo that is listed at $775,000.  Many residents are celebrities, while some are local and international buyers who were looking for a Las Vegas vacation home or Las Vegas investment property.

Maloof Brothers Succeed at Palms Place!

Several Las Vegas luxury condo projects have been postponed or have cancelled, but the Maloof brothers seem to have what the luxury condo market requires — a celebrity audience, upscale amenities, name recognition and the financial ability to have built this beautiful property and opened on time.  The 47-story luxury high rise features 599 suites, and is attached to the famous Palms Casino by an enclosed, elevated “SkyTube” that moves residents to and from their condos on moving walkways. Read the rest of this entry