Nevada

Blog by Chris Shouse
Las Vegas, Nevada

All about Nevada, Traveling in Nevada, The Real Estate Market in Nevada both for buyers and sellers, A few traveling tips. A little bit of everything. Enjoy!!!!!

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Nevada

Las Vegas Made the Top Towns For Empty Nester

Apr. 4, 2008
Categorized in: Las Vegas Market
Empty Nester's







The Curry's of Atlanta wasted no time selling their family home as soon as their youngest son graduated high school.  In Ms. Curry's words the ink was not even dry on the diploma before they sold the home and moved.  Seems more and more people are moving as soon as they become empty nester's.
Las Vegas is on the top ten list
of where these empty nester's are moving too.  According to a Forbes magazine article between the years of 1990-2005 the empty nest population in Las Vegas has grown 156%. for the age population of 55-64 years of age.  To read more on this Forbes Magazine Article click here
I did a little more investigation since these statistics only went to 2005  as of March 2008 I found this: Which takes us to July of 2007.

According to a new U.S. Census Bureau report. The growth measure was based on the actual number of people moving into metro areas, not on percentage terms - by that count, Las Vegas did not crack the top ten. The report says that the Las Vegas Metro’s population increased by 59,165 people from July 2006 to July 2007.

More about Las Vegas that may contribute to people moving to Las Vegas,

  • No local or state income tax
  • No business income tax
  • No estate tax
  • 95% of companies hire locally
  • Between 200,000-250,000 miles of fiber optic cable in the ground
  • Cheapest operating cost in the US for a corporate headquarters
  • 96,000 people (net) moved here in 2006
  • Median family income up 66% from 1996-2006
  • Value of a home up 168% in ten years
  • Over 38 million visitors in 2006, up 31% in ten years
  • Convention business up 95% in ten years
  • Room inventory 132,000, up 42%
  • Over $40 Billion in new construction in the next five years
I do know one thing if you are thinking about moving to Las Vegas NOW is the time:
So if you find your house


I can help you find a new house and as of Feb 2008 the medium price was $284,900 but also remember negotiations are key:)







 
 

Pricing Your Home To Sell

Feb. 8, 2008
Categorized in: Should I sell Now?

Use A Real Estate Professional

 

A Realtor® with any amount a knowledge can give you the going price of what homes are going for in your neighborhood.  What do you want to know?  A buyer coming to your neighborhood to look at homes will already have this knowledge.  They will know what like houses (as Yours) went for in the last six months.  (this is what an appraiser is going to look for when doing an appraisal for the lending institution.)   You will also want to know what is currently on the market and at what prices.  You will want to know what listings in your neighborhood have expired listings and never sold and at what prices.  Armed with this knowledge you can make a educated decision on what to price your home at.

If you chose to try and sell it your self the Realtor® that brought you the information and went over these statistics with you will respect your wishes.  But if you decide during that process to hire a professional I hope you will consider that person as they have already done some of the work.

Foreclosure Help

Jan. 10, 2008
Categorized in: Foreclosure
Tagged with: foreclosure, help, selling

There is a website set up by the goverment to help with the ins and outs of foreclosure.  As painful as it might be, as much as you would like to bury you head in the sand it will not go away by itself.

You need to take action and this website may help,

                                                 Foreclosure Help

God Bless

Renovations

Dec. 15, 2007
Categorized in: Las Vegas Market

Renovations

                             

 Should you invest money in your home if the prices in your neighborhood are flat or declining?  When prices are going up adding money to an asset is a good idea.  When the market as it is today it is important to take in all considerations before going ahead.

Get estimates and then factor in cost overruns.  (10-20%) 
Figure out how much more your home will be worth after the renovation. (Talk with your Realtor®)
An appraiser can also tell you market specific what some of your renovations are worth.  Case in point the brand new Cost vs Value index is out.  Lets take a bathroom remodel the average cost for this in New England (CT, MA, ME, NH, RI, VT) is $38,617 and your cost recoup will be 65.9% but if you live in the Pacific ( AK, CA, HI, OR, WA ) the job will cost you $43,884 but your recoup here will be 83.5%  The national average across the board show the cost at $37,202 and the recoup is 66%.

The report showed these projects with highest national percentage of costs being recouped.

88% siding replacement
85% wood deck addition
81% window replacement (wood)
83% Kitchen remodel (minor)
Be sure any project you do has building permits, appraisal standards have tightened along with the credit and an appraiser may not count say a basement remodel as livable space if it was not done with building permits.  

If you are planning in the home for a long time it makes sense to add value to your home.  If you are planning on selling soon check with your Realtor® before you do anything major.  There is always the normal things you should do it to get ready to sell your home.  Paint inside if needed, clean carpets, take down personal pictures and de clutter.  It might not hurt,with the market the way it is to bring in a professional stagger. The outside should have the bushes trimmed and toys and trash put away.  The first view of the house is the most important.


  

 

An Interview with Craig Stivale of Alpha Home Inspections

Nov. 23, 2007
Categorized in: Home Inspections

An Interview With A Top Las Vegas Home Inspector

Today we are talking to Craig Stivale of Alpha Home inspections. He has agreed to answer some questions to give us an inside look at the home inspection business.

Chris: Hi Craig, and thank you for taking time to answer a few questions for my readers. Tell us a little about yourself.

Craig: Hi Chris, I have been raised in the construction business starting at an early age so I guess you could say it's in my blood. When I moved to Las Vegas years ago I took my state test for inspector of structures and passed with high grades, so I went to work for a national franchise and stayed there for a few years and then started my own business. It's been great.

Chris: How did you get into the business?

Craig: My farther owned a construction company and I started as a laborer. So I know the building process from top to bottom.

Chris: Has business slowed down since the market has slowed a little?

Craig: Yes, but I've noticed so has the competition. I think the market is cleansing it's self at this point.

Chris: I have heard listing agents say to their seller, "a home inspector will nit pick and always find
something wrong just to justify getting paid." How would you respond to this?

Craig: I agree - great point and some will. I don't. I approach each inspection like I was buying the home for myself, I am very through yet I do not include cosmetic issues like dirty carpets section... If there is a problem like a cracked roof truss for example, I will take a picture with an arrow pointing to that broken truss.

Chris: Why should a buyer pay for a home inspection?

Craig: To reassure themselves that they are buying a safe home that is up to code and that includes fire safety and to address potential problems.

Chris: If someone purchased a brand spanking new home, they should be OK, right?

Craig: NO!!! By all means have a new home inspected. I have seen plenty of structural defects not to mention plumbing leaks along with HVAC issues. When you do your final walk through with the builders representative they will not be looking for anything but cosmetic. A home inspection will find these issues before you get moved in.

Chris: Take us through an inspection on say a single story home of about 1500 sq feet.

Craig: All the built in appliances, HVAC, plumbing, electrical (breaker box) all outlets including GFCI, attic framing, insulation's, trusses, fire walls of the garage, lot drainage, mold, pests, the list goes on and on.

Chris: Sounds very through. What is the worst thing you have ever found?

Craig: Several broken roof trusses where the entire attic was covered in mold.

Chris: Wow bet the new homeowners were glad you found that. I know mold can have serious affects on your health. Is there a builder in town that consistently has very few things wrong?

Craig: Yes, I would say Pulte and Toll Brothers's are our best builders.

Chris: That is good for buyers looking to buy in the valley. If they are buying resale it would be good to ask their Realtor® to look into these builders and the subdivisions they have built. In my previewing of new homes I was always impressed with Pulte.

Chris: I want to thank you Craig for giving us some insight on the home inspection business. For people moving to Las Vegas and buying a home how may they contact you to get your fine services?

Craig: Feel free to visit my web-site Alpha Home Inspection in Las Vegas . Thank you for the chance to talk with your readers. I hope I can be of service.



Hud Homes

Nov. 24, 2006
Categorized in: Building Trends Las Vegas

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:

The Las Vegas is area is ripe for Hud Homes to start being available.  The financing choices made in the last few years are starting to take their toll on the home owners as their adjustable mortgages are going up. 

Hud Homes

Jun. 21, 2006
Categorized in: Hud Homes
Tagged with: buying, hud homes, selling

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.

Hud Homes

Jun. 21, 2006
Categorized in: Hud Homes
Tagged with: buying, hud homes, selling

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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