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June 2006

Jun. 22, 2006 - Ghost Towns

 
 
Just out of Beatty, Nevada, Rhyolite is a ghost town with much character. 
With a population of over 10,000 at one time, Rhyolite was no small town. 
The town was founded in 1904 and by 1907 even had electricity. 
There is one building still standing today in Rhyolite that was 
made from 10,000 beer bottles of which there was no shortage in Rhyolite. 
Another building, the bank building, was 3 stories tall and cost $90,000 to build. 
Ruins of its wall still stand today. The financial panic of 1907 took its toll 
on the town and businesses started to shut down. Then, the mines started to play
out and by 1916 the power and light company had shut down and the people had 
moved on.
An example of "counting your chickens before they're hatched" is the story of Rhyolite.
 In 1904 after what appeared to be a rich strike of ore by an Eddie Cross and a 
"Shorty" Harris, plans were made to accommodate an influx of people.
A train station was built. A school was built without anticipating the number
 of children who would occupy it. The building was totally inadequate. 
A second school building was constructed on a grand scale. It was used only briefly 
and was never filled. The panic of 1907 provided the coup de grace from which 
the town could not recover. The ruins are mostly the concrete structures, 
one of which is the school that was never filled to capacity.
The first passenger train into Rhyolite arrived on December 14, 1906. 
The LV&T went right through the heart of the residential district,
while the T&T passed through the outskirts of town. At one time, 
the sidings could accommodate 105 train cars waiting to be unloaded of 
incoming freight and reloaded with outgoing ore. There is also a reproduction
of a 1905 USGS map of Rhyolite, showing the layout of both railroads.
The Nevada gold rush of 1904-1907 was centered in three towns Goldfield, 
Tonopah, and Rhyolite. They were not close together but all are on U.S. Highway 95 
with Tonopah in the north, Rhyolite in the south and Tonopah in between.  
One of the most interesting stories of any ghost town in Nye County is that of
Rhyolite. It began in 1904 with the rich discoveries in the hills west of 
what would eventually be the townsite. First a small camp called Bullfrog 
emerged.Then another camp named Rhyolite took form a mile to the north.
It included numerous saloons, restaurants, and boardinghouses all in tents.
One of the first buildings constructed was the two-story Southern Hotel.
The first post office was housed in a ten-by-twelve tent opened on May 19, 1905.
Water was a rare commodity in the area and was carted in at a cost of $2 to $5 
a barrel. It was not until June 1905 that Rhyolite had an efficient water system.
In only one year, it had an abundance of water and three water companies.
There were several small camps within a radius of a few miles of Rhyolite 
that eventually merged with the southern part of the rapidly expanding town. 
By the spring of 1905, there were three stage lines bringing supplies to 
Rhyolite. The first auto stage from the Tonopah and Goldfield Auto Company 
became active in 1905. Baseball became the town’s sports entertainment.
Rhyolite built its first school early in 1906 and the enrollment soon reached
90. By May 1907 the number of students reached 250. A new two-story brick 
schoolhouse was built with classrooms and an auditorium.
Rhyolite reached its peak in 1907 and 1908. Its population at that time was 
estimated to be between 8,000 and 12,000. The town was served by three railroads 
during its peak years. In January 1907 a network of 400 electric streetlight 
poles were installed to light Rhyolite twenty-four hours a day. A number of 
very impressive buildings were erected including a bank building and a large 
mercantile store. At its peak, the town had forty-five saloons, an opera house,
a number of dance halls, a slaughterhouse, two railroad depots, and countless 
other buildings. It even had three public swimming pools. 
During Rhyolite’s brief reign of glory, more than eighty-five mining companies
were active in the hills around the city. The financial panic of 1907 spelled 
doom for Rhyolite. Most of the town’s investors were from the East. When they 
withdrew their backing, all the mines were forced to close. The devastating 
effects of the panic did not affect Rhyolite until the spring of 1908. It was 
then the trains were almost always filled with people leaving town. By the end
of 1909, the population was well below 1,000. The town continued to struggle 
to stay alive hoping for a new boom that never came. The population of the 
almost dead town had shrunk to fourteen by the beginning of 1920. The last 
resident died in 1924. Rhyolite is clearly one of the best ghost towns 
in Nye County and in the state of Nevada
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Jun. 21, 2006 - Hud Homes

Buy Your Copy Here

New eBook Available Right Here;
The First Book Ever About HUD Homes!!

FINALLY! A complete and authoritative resource in layman’s terms about HUD Homes For Sale – the process from start to finish, 
one step at a time.

I am excited to announce that I have just published an eBook.


Frances Flynn Thorsen's
HUD HOMES FOR SALE
A Complete Buyer's Guide

HUD Homes for Sale -- A Complete Buyer's Guide, contains 112 pages in an easy-to-follow format designed to help owner occupants and real estate investors develop winning strategies to bid on HUD properties successfully.

Chris's Note:

This book is going to become very important in the Las Vegas market.  I believe that there is going to be Hud Homes in the market soon.

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Jun. 21, 2006 - Hud Homes

Buy the best Hud Book Here

 

FINALLY! A complete and authoritative resource in layman’s terms about HUD Homes For Sale – the process from start to finish, 
one step at a time.

I am excited to announce that I have just published an eBook.


Frances Flynn Thorsen's
HUD HOMES FOR SALE
A Complete Buyer's Guide

HUD Homes for Sale -- A Complete Buyer's Guide, contains 112 pages in an easy-to-follow format designed to help owner occupants and real estate investors develop winning strategies to bid on HUD properties successfully.

Chris's note:

With the choices made for financing in the last three years in Las Vegas, the market is headed towards having Hud Homes available.  This book is really going to help with the purchase of Hud Homes in Las Vegas and surrounding area.

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Jun. 16, 2006 - Strategies for a buyers market in Las Vegas

 It is a buyers market in Las Vegas

Gone are the days of 2004/2005, the days of multiple offers and properties that were sold almost before they had been on the market a half a day.  Agents putting will accept offers until Wed. noon and after PM that day you will either have a counter offer or a rejection.  I once called on a house to see if it was still available and was told yes.  Not a half hour later I was on the road to pick up my clients.  My cell phone rings and I was told they had accepted an offer.  To get my clients in a house during this time, I searched at night and found a home I knew they would love.  I called the seller and made arraignments for my clients to see the house at AM and we wrote the offer at AM.  Lucky for me it was accepted.  It was a crazy time and I for one am glad it is over.  Prices were driven up so far that it had almost cut out the middle income people and of course lower income stood not a chance.  I really hate that as I think everyone should be able to have the American Dream if that is what they desire.

So those days are gone for right now and it is a buyers market.  We have a record number of homes on the market both new and resale.  Builders are offering unheard of incentives for buyers and agents a like. Some sellers are lowering their prices as much as 50K and offering bonuses to agents.  Unheard of for a long while.

As a buyer you need to plan your move, find an agent you feel comfortable with and research markets together.  Have your agent do a market analysis on areas you are interested in so that when the time comes you have a good feel on what to offer. You will want to know what the turn over rate is in the area and if it is a good resale area.

At the time of multiple offers buyers were waiving inspections to gain favor with the sellers.    There  are plenty of horror stories out there now because of that.  Make sure you do all your inspections.

Be in your comfort zone, get pre-qualified with thoughts to the future.  Mortgage rates are not as good as they were and they don't look like they are coming back down anytime soon.  So know in advance what you you are comfortable spending on payments, including taxes etc.

When you find that home you want, be patient.  If your first offer is countered, don't get discouraged.  Some sellers have not mentally adjusted to the new market of 2006.  If you really want the house counter back, even if it is the same amount you offered before.  This will let the seller know that it is your bottom line.  If he is serious about selling he may reevaluate his position.  Negotiating is a good thing in this market.

HAPPY HOUSE HUNTING!!!!

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Jun. 16, 2006 - July is flood awarness month

Floods in Nevada are common when we get rain

The ground gets so dry here because we do not get a whole lot of rain.  When we do the ground can not soak it up fast enough.  So we have water running off the dirt into the roadways.  Every year when we have big rain storms people try to drive on through the water.  Then the firetrucks have to come and pull them out.  Last year the firetruck got stuck in the middle trying to rescue a lady.

I have added here some good links to find out more on flood safety and preparedness,

http://www.floodsmart.gov

http://www.floodawareness.com

For current weather alerts go to the National Weather Service:

http://www.weather.gov/alerts/nv.htm

Lets all have safe driving if a heavy storm hits, avoid all areas that may flood and yes even the Famous Las Vegas strip gets flood waters

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Jun. 13, 2006 - Buying

Most people don't plan to fail... but fail to plan!

If you're in the market to buy a home anytime soon, and you want to find the perfect home at the best possible price, terms and financing... there are three things you need to do up front:

FIRST understand and get control of your personal emotions about the purchase of your home.

SECOND get the most valuable, important information available so you make an educated decision.

THIRD become informed about the very best financial resources and products to fit your needs now, not later.

Real Estate isn't just about buying and selling homes. Real Estate is a business that helps people achieves their hopes and dreams, and doing so in a courteous, friendly, and efficient manner is our priority.

 

Chris, Kim, and Sharon know that they must first listen to their clients to find out what they expect when it comes to their Las Vegas, Nevada real estate and home buying needs.

 

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Jun. 13, 2006 - Facts and Figures of Nevada

Nevada Facts

Nevada is from the Spanish word meaning "snowcapped"

Nevada's official flag was adopted on March 26, 1929, but was revised on June 8, 1991.  It is a deep blue background.  The flowing ribbon reads "BATTLE BORN" A five pointed silver star and the words  NEVADA are under the ribbion.  These are surrounded by green sagebrush with yellow flowers.

Sagebrush is Nevada's state flower, the silver star represents the rich mineral wealth of Nevada.  The words "BATTLE BORN" on Nevada's flag alludes to the fact we became a state during the Civil War.

Nevada was the 36th state to be admitted to the union, on October 31, 1864.  Carson City is the state capital. 

State Bird****Mountain Bluebird

State Animal**Desert Bighorn

State Reptile**Desert Tortoise

State Fish**Lahontan Cutthroat Trout

State Fossil**Ichthyosaur*a huge whale-like marine reptile that lived during the time of the dinosaurs.

State Flower**Sagebrush

State Grass**Indian Ricegrass

State Trees**Single leaf Pinon and Bristlecone Pine

State Rock**Sandstone

State Metal**Silver

State Precious Gemstone**Virgin Valley Black Fire Opal

State Semi-Precious Gemstone**Turquoise

State Colors**Silver and Blue

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Jun. 9, 2006 - Baby Boomers shaping the way builders build

At a recent meeting in Arizonia of the National Association of homebuilders, it was determined that the baby boomers will have a real impact of the shaping of the housing market.

America's 50plus population will hit over 100 million by 2010.  The building industry is developing a strong sense of importance of this segment of the market.  The boomers are no longer looking for the traditional *retirement* community.  They want to live somewhere that they can remain active and stay employed if they choose.

Boomers will want informality and spontanous no longer will a simple clubhouse with tennis and golf do.  The boomer wants high tech and all the multi media at their fingertips.  Fitness and health are still a priority but for the boomers, it should be natrual walkable areas.

I am a boomer and I would agree with the above, anyone else agree? 

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Jun. 9, 2006 - For Sale By Owner can be risky business

I just read this in our Sunday paper by Dian Hymer:

In a nutshell she states that many homeowners attempt to sell with out a real estate agent in order to save the commission, yet in 2004 15.4% less was gained than in sells where an agent was used.

One risk of selling on your own is you attract buyers that are looking for a bargain.  Unless the home is clearly below market value the FSBO buyer will think he can negotiate an even lower price because there are no agents to be paid.

Another contributing factor is 17% of the FSBO homes were sold to a friend, neighbor, or someone who just contacted the seller without the home getting maximum exposuer you will not get the best possible price.

A FSBO seller takes on another risk of not meeting all of the disclosuer and compliance obligations.  The cost of paying an agent commission could be a lot less than not meeting these standards.  If you still choose to still go without an agent, be sure to hire a real estate attorney to help you abide by the madatory disclosure requirements.  These vary from state to state.

Another risk is going into a contract and having it fall apart because your buyer was not qualified.  A good agent will make sure you do not accept an offer from a buyer who is not qualified.

Another reason that a FSBO sell may fall apart is there is no one with experiance working to move the transaction along and resolve problems as they arise.

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Jun. 9, 2006 - Update on Keil Ranch

Just a quick update for Keil ranch....seems not only is North Las Vegas selling off the land that was suppose to be in trust, but now they are dumping things out there.  So much for historical value.
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