Single story office building for Sale Las Vegas NV is approximately 5,044 sf and is fully built-out with 20 designated parking stalls. The commercial real estate building is +/-.43 acres. Completed in 2006, this single-story office building is well constructed of wood and steel frame, features stucco finishing with decorative rock accents and drought-tolerant desert landscaping.
Single story office building for sale Las Vegas NV interior is completely built-out and ready for immediate occupancy. RE/MAX Las Vegas commercial real estate Class “A” features include: executive shower room, upscale covered carport parking, executive office, stunning lobby with slate and granite entrance accompanied by two water features, interior surface mounted utility heater, fire sprinklers and a built-up roofing system.
RE/MAX Las Vegas Commercial Buildings for Sale
6173 S. Rainbow is located in the southwest Las Vegas market. This sub-market encompasses the area west of the I-15 and south of Tropicana Avenue. One of the most vibrant office markets in the Las Vegas valley. This market has seen an explosive amount of growth.
Single story office building for Sale Las Vegas NV Highlights
Investment Opportunity or Owner User Purchase Ample parking – 20 designated parking stalls, 4 of them are covered
Desert landscaping with courtyards and walkways throughout the park, all beautifully commercial real estate maintained
Close proximity to two major highways- 0.70 miles to I-215 and 3.50 miles to I-15
Class “A” features include: executive shower room, upscale covered carport parking, executive office
Stunning lobby with slate and granite entrance accompanied by two water features
Las Vegas, Nevada commercial real estate for sale and lease on Las-Vegas-Real-Estate-Authority.com. Find Las Vegas MLS listings. Get Las Vegas recent sales comps. RE/MAX Las Vegas is a leading provider in commercial real estate brokerage services with access to thousands of industrial, land, multi-family, office buildings. Robert Ratliff Realty Group with RE/MAX Las Vegas can help you with commercial buildings. Call me today at 702-807-5528.
Horse Zoned Property for Sale in Las Vegas Destination!
Horse zoned property for sale in Las Vegas proximity to classic events and top shows, equestrian-fitting annual round weather and very suitable economic climate, Las Vegas is an ideal destination for all horse enthusiasts from all over the world.
In Las Vegas, you will find various privately-owned equestrian estates and local ranches that are serious concerning their chosen disciplines. Whether you own prized driving horses, barrel racing, ride dressage, or jumpers, you can be sure to find a horse sales Las Vegas home rated “A” that will suit all your horse sales Las Vegas equestrian needs and that of your family here in Las Vegas.
What a horse properties owner needs to look out for
Horse zoned property for sale in Las Vegas often find themselves in a tight competition with many other respective sellers. As a purchaser, it is obvious that you will have to conduct a realistic selection that suits your needs perfectly. There are several factors that you need to consider before you settle for horse zoned property for sale in Las Vegas. Here are the most important:
Topology that Match your needs
There are people that begin their search for a horse sales Las Vegas property thinking they need the flattest land available. While others look for sloped land for their horse’s endurance training. Well, either choice can be viable but this will depend on different intended needs and uses. The most versatile land may be somewhere in between.
Any low-lying land is never referred as “bottom land” for the sake of it! Horses are notorious fence-walkers and wherever they congregate they are known to compact any soil. In areas with dusty top-soil, they may wear away almost an inch of soil annually in a dry-farmed pasture, and this happens mostly along the fence lines. During the rainy seasons, the flat fields may then become swampy. Look for land that is slightly sloppy in the range of 2% to 5%.
Barn and Stables
A well-drained horse sales Las Vegas barn offers easy connection to various utilities and your driveway. Ensure that it is designed in a way that air is circulating well and should be at least slanted from the prevailing wind direction such that the center aisle doesn’t become a wind tunnel. See that the horse properties barn parking is clear from horse traffic; where they won’t mix with horse traffic. A clear path for refilling the water buckets, feeds, and other daily routines will be very essential.
The layout may just be time-saving or consuming when it comes to accessing the barns, and you must ensure it is relevant and well designed. Make sure the middle mess is completely free and clear. It is recommendable to have an aisle that is about 12 feet to 14 ft to enable ease of access and enough light and air. At least 12 ft height of the doors will be just fine, and a pair of sliding doors will be excellent for optimum traffic flow.
Make sure you inspect the horse properties floor properly. The floor of the stalls needs to be firm; probably a slab concrete of about 18-inch or a well done 10- to 18-inch gravel base. The aisle needs to be Asphalt since it is tender on the legs of a horse than hard concrete and less slippery. Asphalt is easier to maintain than gravel or dirt. See that the rubber pavers are well in place, and the holes are well filled making it an ideal leveled surface for the animals and the other services.
Ensure that the available stalls are of Standard Square of at least 12 by 12 feet, with a 10ft clearance to the rafters. This will make work easier when cleaning without always bending. A prefab stall partitions run a standard 7 ft height, either solid or with top bars. The bars enhance air flow; they’re good for walls on the aisle. In case the neighbors don’t get along well, solid partitions between stalls will be of help.
Bathing and Grooming
Ensure that an excellent horse properties wash stall is in place especially an outside one. It can be a simple rough concrete slab with cold and hot running water and cross-ties. A grooming space can also be very essential especially during cold weather. Ensure the floor is sloped about 4 degrees towards the drain and the side walls are smooth. The steel sink needs to be in place as well.
Make sure the tack rooms are intact and are separately in closed space to avoid being always dusty. A mini-refrigerator may be additional for keeping the expensive medications from going bad. If there’s room, another sink lets you mix medications, wash dishes, etc. Ensure there is enough air flow as well. Locate horse properties feed room that is well maintained. It will be appropriate to find some clean feed room and ensure they are of the standard size.
With an industry that is filled with business minded horse properties agents, you obviously won’t want to be misguided as you sign a deal of millions of dollars for a horse zoned property for sale in Las Vegas. Dealing with professionals will save you money and time, and you will not be afraid of landing on the wrong property.
Sooner or later, you’re going to get a buyer that’s interested enough to make an offer. The problem is, when the offer arrives on your agent’s desk, it’s not entirely what you were expecting. Perhaps the price is too low, or the offer is so stuffed with contingencies you fear that you will never reach closing. Is this the end of the road?
In most cases, it’s actually just the beginning of a successful transaction. Negotiations and counter offers are a normal part of the home selling process. Going back and forth, you can soon reach a deal you are happy with. Sellers guide to negotiations and counter offers when selling a house and here is how you get there.
Receiving an Offer On Your Home
Before you can make a counteroffer, you need an offer. A buyer makes this by filling out a standard document called a residential purchase agreement. Don’t let the name confuse you. The pre-printed “contract” is not legally binding until both parties agree to its terms and sign the contract in evidence of this fact. Until you sign, the document is simply an offer.
A buyer’s offer is their opening gambit. Using the standard document, the buyer inserts all the terms they would like to include in the deal, such as:
the down payment
who pays closing costs
Any contingencies, such as a finance contingency if the buyer needs mortgage finance to proceed with the deal, or a condition that the buyer sells their current home before they buy this one.
If you like the offer, you can accept it by signing the offer document. At this point, the offer turns into a binding purchase agreement. Neither you nor the buyer can back out of the deal unless the contract allows you to do this, for example, if the buyer’s home inspection throws up material repairs that the buyer is not willing to take on.
In most cases, the original offer from the buyer is not acceptable. You now have two choices: reject the offer outright or make adjustments to it. This is known as a making a counter offer.
Making a Counter Offer
Like an offer, the seller’s counter offer is made on a pre-printed documented called, plainly, a counter offer. This is your opportunity to change any of the terms suggested by the buyer and to write in your own terms. For example, you might:
raise the offer price
request a higher earnest money deposit
delete some of the personal property the buyer is asking you to sell with the home
bring forward the date by which the buyer has to satisfy acceptable contingencies, for example, by insisting the Las Vegas home buyers approves a home inspection within 10 days of the offer being accepted.
To be binding, you must sign the counter offer and deliver it to the buyer or the buyer’s agent. Once you do this:
Legally, you have REJECTED the buyer’s original offer. Think carefully before filing a counter offer as it cancels the buyer’s original offer. You cannot later go back and accept the original offer if you change your mind.
Your counter offer is a NEW OFFER. This puts the ball back in the buyer’s court.
Counter offers always contain an expiration date, for example, 5 pm on the third day after the counter offer is signed. You can set the counter offer to expire within one hour if you wish though it’s recommended that you give the buyer a reasonable amount of time to consider the terms you are proposing.
If the Las Vegas home buyers does not respond by the expiration date, the counter offer expires. You have now fallen out of negotiations with that particular buyer. Those negotiations can only be reactivated by the buyer submitting a fresh offer.
What the buyer does next
When he receives a counter offer, the buyer has three choices:
Accept the offer. The buyer does this by signing the counter offer before the expiration date and delivering the signed offer to you or your real estate agent.
Reject the offer. The buyer can discard your counter offer and take no further action. At this point, the deal is off the table and can only be reactivated by the buyer making a fresh offer.
Counter the counter offer. The buyer can make a second counter-offer, or even a third or a fourth, until you reach a deal. Thankfully, multiple counter offers are rare. Most well-advised buyers and sellers reach agreement after one or two rounds of negotiation.
When you should counter offer, and when you should not
Counter offers are where the rubber meets the road of the value you get from your real estate agents. They handle offers and counter offers day in, day out and will have a good handle on whether a buyer’s offer is good enough as it stands.
Multiple factors come into play here. Obviously you have a price expectation, and your real estate agent will do his best to meet that expectation. If the offer is clearly unreasonable, your real estate agent invariably will advise you to submit a counter offer.
However, if you are selling your home in a buyer’s market, the buyer may have his pick of suitable homes in your area. Making a counter offer — even one that seems reasonable — may drive the buyer towards the second home on his list, and you may end up with no deal.
Conversely, in a seller’s market with a shortage of suitable homes for sale, the buyer may be prepared to hang in through two or three rounds of counter offers to secure their dream home. In this scenario, you can probably afford to push for your perfect deal.
A second factor your real estate agent will investigate is the buyer’s motivation. If the offer is unacceptable and you need to counter, what type of counter offer will best hit the buyer’s buttons? A counter offer that raises the price, or one that keep the price lower but reduces the closing costs paid by the seller? The net dollar price of the two counter offers may be the same, but the buyer may find one deal more palatable than the other.
Sellers guide to negotiations and counter offers when selling a house best advice is, listen to your Realtor® and tread lightly. If you can live with most of the items in the offer, it’s probably better to take it. After all, having a willing and able buyer under contract is worth far more than having a home sitting on the market waiting for the perfect offer to come along.
Sellers guide to negotiations and counter offers when selling a house, so thinking of selling your house? Let’s start a conversation even if it’s early. Re Max real estate agents have expert real estate agent across the nation happy to discuss your plans. Feel free to use our 15 second Home Value Estimator and take a look at what your home may sell for today.
Mistakes to avoid when selling your house that are a common seller mistake that many homeowners commit that has always cost them of attractive sale deals. You should always ensure that your home is available for sale before you start advertising it to potential buyers.
Making your home ready for sale entails ensuring that all the minor repairs are taken care of, the house is clean and that you have staged it properly. If you cannot afford to pay an expert to do it for you, you can do most of the preparations on your own. Forgetting to do these small repairs may lower your home value or even prevent you from making a sale at all.
The importance of doing this is that, if a buyer notices that you have neglected minor repairs like a faulty door knob or a creaking window, they might wonder what other major repairs have not been addressed in the home. You may need to go an extra mile and ask a third party such as a real estate agent to point out other repairs you need to rectify that might have escaped your eyes.
You will also have to de-clutter the house so as to give the buyer an illusion of space, repaint the house in a neutral color and eliminate any unpleasant odors that may be lingering in the rooms. All these will help you to make a good impression on whoever is going to buy it as well as increase the home value.
2. Don’t over improve
Mistakes to avoid when selling your house that you should steer away from is over-improving your home. When you are making your home ready for sale, you might be tempted to over-improve it in a bid to make it look more attractive to buyers. However, real estate agent experts advise that you should do it in moderation so as to avoid scaring customers especially if the house is situated in an area where there are many other houses for sale.
That is because the other houses in the surrounding might just be moderately enhanced, which will make your stand out. Therefore, buyers will prefer to buy the other houses thinking that they will cost less than yours. It is also a universal rule in the real estate circles that buyers seek to buy an affordable home in a classy neighborhood.
There is also an unwritten rule stipulating that the improvements made should only ensure that the property becomes presentable does not entail significant capital investments and that it echoes the community culture.
You will only have to ensure that the house is in a good condition by doing mechanical repairs that involve fixing the plumbing system, the flooring, ceiling, patio, lawn, doors and windows. With all things in place and perfect working order, you should be confident about getting a buyer who will be comfortable with the home value.
You can also do the cosmetic improvements that entail painting, landscaping and adding wallpapers. These enhancements are sufficient; anything extra will do more harm than good to the seller. You can use this as a yardstick to help you realize how much improvement is within the range.
Therefore, mistakes to avoid when selling your house avoid overdoing the improvements since to the potential buyer, the house may end up being too costly to afford. If you do manage to make a sale, you might not recover the money you had spent on the improvements.
3. Hire wrong
If you are selling a house for the first time and are worried that you will be unable to do it on your own, you should enlist the help of a real estate agent. When it comes to looking for a Realtor® ask around for the one who had a solid reputation in helping buyers navigate the home buying process seamlessly. Mistakes to avoid when selling your house hiring someone just because they are your friend; rather, focus on finding someone with experience and expertise in selling homes.
You should also look for someone who knows the area well and has a vast knowledge of the market conditions so that they can advise you appropriately. In some states, it is even illegal to carry out such businesses without involving a real estate agent.
Therefore, you have to do your homework and look for someone who will be most qualified for the job. A competent real estate agent from a reputable company will be able to do various things for you that will expedite the process of selling a home. They will also ensure that you have peace of mind while going through it. He/she should be in a position to advise you on the best asking price based on the range of prices of other similar houses in the area. They will also help in making negotiations ensure that you get the highest price possible which will help you make a god profit out of the sale.
The price that you will finally sell the house should also enable you to afford the costs involved in moving into a new home. Realtors have been known to negotiate even for a much greater price than the seller had anticipated they would gain from the sale.
A professional real estate agent will also ease your burden as they can deal with the numerous paperwork involved in selling a house on your behalf as you concentrate on packing or preparing a Las Vegas homes for sale. They will also be with you when you will be closing the sale to guide you through the process and negotiate on your behalf.
Realtor will also give you valuable advice on how much improvements you should make in your home before selling it based on their knowledge of the neighborhood. That can help your house competitive fairly with other houses in the neighborhood that are being sold at that time. All these responsibilities will take a weight off your shoulders are you go through the strenuous process of relinquishing your ownership over your property to someone else.
Therefore, you should not dismiss the idea of hiring an experienced Las Vegas homes for sale realtor or hire a less qualified one in a bid to save the money you would have paid them.
4. Don’t hide anything
Selling a home like any other business, requires mutual trust and honesty. Therefore, it will be necessary for you to reveal all the important details about your home to the prospective buyers. That will include information such as whether there are any shortcomings in the house that require repair. Failure to mention such sensitive information can be a detrimental seller mistake on your part since it may attract a lawsuit as the buyer could sue you for misleading them.
Therefore, ensure that all the information that you will publish in advertisements is accurate to avoid breaching various laws. It will also discourage buyers from buying your house as they will consider you a fraud. Such a mistake can also make your house go for too long without finding a buyer, lower its home value or ultimately lead to a foreclosure.
That is not the end that you had envisioned in the beginning. It could also force you to service two mortgages at a go or even end up paying more rent elsewhere. Conducting honest dealings with your customers will help you avoid all these humiliating and costly outcomes.
5. Don’t rush
Selling a home is a serious matter in which a lot of money is at stake; hence, rushing the process can be a serious seller mistake on your part. You should take time planning about the sale in order to make sound decisions. You do not want to make decisions that will make you regret later on. One of the vital things that you should consider, after you have decided to sell your house, is finding out about your mortgage status.
Find out if there are any pre-payment penalties that you risk being charged by your lenders. Failure to consult with your bank on this matter may lead to significant financial losses for you. You should also take your time to research on the market conditions in your area.
That will determine the price range that you should be selling your home at to avoid setting a ridiculously high price that might deter buyers from purchasing your house. Information about the market condition will also help you know whether there is high or low demand for houses at that time of the year. You will also need time to find out the other options available to you in case you decide to sell a home in the future.
Rushing will also deny you the chance to find out all the legal requirements that you will be supposed to meet as the homeowner. You will also overlook doing adequate marketing for your home in order to make a better deal. Thus, take your time to do all the requisite preparations that will help persuade the buyer to buy it.
Indeed, selling a home requires a lot of patience to ensure that you get a good price for your home and avoid giving up when it looks like no buyer is interested in purchasing your Las Vegas homes for sale.
6. Don’t get too emotional
Selling your home can have a psychological and emotional effect on you as you may have grown to like your home so much over the years. That is where you have made many precious memories with your family or spouse. Therefore, it is easy to feel emotional about putting it up for sale. Unfortunately, these emotions might crowd your judgement and lead you to believe that your house is flawless or superbly decorated that every buyer will like it as much as you do at the first sight of it. However, that can be an appalling mistake on your part.
You are just supposed to treat the whole affair as a business and put the sentimental aspects aside so that you can make rational decisions about the sale. You are primarily expected to be clear headed during the home inspection process. Be open-minded about what the home inspector will tell you about the home and be ready for any eventualities. Be reasonable in case you are required to do some repairs following the inspection’s report. Avoid arguing with the buyer over a small repair that you can fix quickly.
However, do not put it upon yourself to make every major repair in the home if you know that you are not up to it financially or emotionally. Choose the ones that are within your budget and ensure that you fix them adequately. In conclusion, selling a house can be an easy and profitable experience if you manage to avoid these six major seller mistakes. These mistakes include selling your house when you are not ready, over-improving it, hiring the wrong personnel, hiding crucial information, rushing and being emotional while selling. Mistakes to avoid when selling your house will help you to improve the home value and hence sell it at a favorable price.
Real estate agent Bob & Diana with Ratliff Realty Group with RE/MAX Las Vegas has highly skilled and experienced real estate agents who can help you circumvent the challenges of selling a house. They have a vast knowledge about the area and will give you valuable information concerning the market condition of the real estate industry in the region. You do not have to guess the next steps or mull over the legal implications of doing certain actions when our team of real estate agent experts are within your reach Las Vegas homes for sale.
How Long After a Short Sale Until I Can Buy a Home Again?
You can buy a house the day after your Las Vegas short sale closes — if you have the cash. Unfortunately, few home buyers are lucky enough to land a sudden windfall and must rely on mortgage finance to buy their next home. Loans can be hard to come by. Short sales raise a lot of questions from lenders who assume, often incorrectly, that you are a credit risk.
Some lenders won’t touch you for a full seven years after a major derogatory event like a short sale. Luckily, there are things you can do to qualify for a new loan in just a few months, subject to certain conditions.
You Might Also Like: Curb Appeal and Home Staging Can Get You More Money When Selling Your Home.
Loan options for buying a house after a Las Vegas short sale
First let’s take a look at the various loan options available to you after a Las Vegas short sale.
FHA Loans: The FHA will back loans THREE YEARS after the short sale date. You cannot apply until the three-year waiting period ends and you must have re-established your credit in the meantime. For 2015 loans, the FHA requires a 640 minimum credit score.
VA Loans: You may apply for a VA loan TWO YEARS after a Las Vegas short sale as long as you meet the VA’s eligibility criteria. Restrictions apply if the loan you short sold was also a VA loan.
USDA Rural Loans: USDA does not publish any hard-and-fast rules but generally, if you had big financial issues, USDA will treat the short sale as a foreclosure and make you wait at least THREE YEARS before issuing a new loan.
Conventional Loans: Fannie Mae and Freddie Mac have a waiting period of FOUR YEARS from date your name is removed from the title or SEVEN YEARS if you put down less than 10% on your new loan. You’ll need a credit score of at least 620 and you almost certainly will have to pay private mortgage insurance on top of your monthly mortgage payment.
At first glance these waiting periods look disheartening. The good news is, they’re not set in stone. If you were current on your loan when your short sale completed, were forced to sell short through no fault of your own and have worked hard in the meantime to rebuild your credit, the waiting period could shrink — quite substantially in some cases.
Factors that could reduce your mortgage waiting period
Several factors increase your chances of securing a home loan before the benchmark waiting period is up. These include:
Extenuating circumstances: if you were forced to short sell your home through no fault of your own, lenders may be more willing to give you finance. Extenuating circumstances include the loss of a job, death of a primary wage earner and the payment of catastrophic medical bills not covered by insurance. Divorce does not usually count as an extenuating circumstance unless it is accompanied by a large and unavoidable drop in your household income.
You’ve saved a large down payment. Conventional lenders may be willing to overlook your short sale if you make a down payment of 30% or more. Some lenders may offer you a loan with 20% down as long as you have significant cash reserves. Generally, the more you put down the lower your interest rate will be.
You’ve rebuilt a high credit score. USDA, for example, will make a judgment call on loans to borrowers with scores above 640, even if they have short sold a property within the past year.
Both Fannie Mae, the FHA and the VA have shown themselves willing to overlook Las Vegas short sale waiting periods where some or all of these mitigating factors apply. In fact, under its flagship Back to Work scheme, the FHA is willing to back loans for Nevada borrowers who have completed a short sale with no waiting period, as long as:
you suffered an economic event (the FHA’s language for an extenuating circumstance) that resulted in a loss of employment or loss of income; and
the extenuating circumstance caused your household income to fall by 20% or more for a period of at least 6 months; and
these factors made it difficult for you to keep making payments on your mortgage; and
you have re-established your credit and satisfied any loan amount owed on the mortgage you short sold on.
Some VA lenders will consider your loan application as little as one month after a short sale if you have not been late on any mortgage payments before the Las Vegas short sale closing date and you have rebuilt a credit score of 660 or above.
Rebuilding your credit score is easier than you might think With a Las Vegas Short Sale
Now for some really good news — rebuilding your credit score may not be as difficult as you might think. Fair Isaacs, the company behind your FICO credit score, have recently lessened the impact a short sale has on your credit score. In fact, closing a short sale might actually boost your credit score on the day it is posted to your report. That’s because a delinquency on your mortgage is reported as 60, 90 or 120+ days past due payment.
A past due notice tells mortgage lenders that you are a poor payer, and therefore a risky borrower, and can knock as much as 90 to 110 points off your FICO score. A Las Vegas short sale, on the other hand, is generally reported as “account settled for less than originally agreed” or simply “settled” on your credit report. Some lenders don’t report it at all. In many cases, this is preferable to a past due notice, especially if the lender does not report a deficiency balance to the credit agencies.
The key takeaway is this: act to clear up the issues that make you look like a higher risk to lenders and you should qualify for a mortgage. Begin looking at your credit at least six months before you are ready to buy again, pay your bills on time and save hard for a down payment, and it may be possible to purchase a home in as little as 12 months. Do nothing, and your Las Vegas short sale could put an end to your home ownership dreams for good. Las Vegas Short Sale Help!
Call 702-508-8262 today and ask for Bob & Diana with Ratliff Realty Group at RE/MAX Las Vegas.
How Long After a Short Sale Until I Can Buy a Home Again
Discover First Time Las Vegas Real Estate for Sale Buyer Information
Real estate advice for the first time home buyer is the hardest part of the home-buying process is figuring out what is affordable. Some Las Vegas real estate for sale first-time buyers rely on the amount the bank is willing to lend. Others use a lender’s mortgage calculator to crunch a couple of numbers. However, banks are often willing to lend much more than you can afford, and mortgage calculators don’t always tell the whole story. To learn how much home you can afford, start with the basics.
How Much Can You Pay Each Month?
Rather than focusing on the purchase price or lender offers, decide much you can spend on a mortgage payment each month. A common rule of thumb is that your mortgage payment should be between 25 and 30 percent of your income. In truth, 30 percent is too high for many people. The only reliable way to determine what you can afford is by adding all of your monthly bills and expenses. Make sure to get estimates of what your new utilities will cost based on the size of the home you plan to purchase. For area specific rates, consult local service providers or your real estate agent.
Remember to include cost of living changes as well. Even over small distances, the price of gas, groceries and other necessities can change dramatically. Long-term savings is another overlooked cost. Do not make the mistake of assuming that future wage increases will allow you to save money later on. It is a good idea to plan for savings right from the start. Once you are comfortable with your estimates, you can start looking at the other costs that factor into mortgage payments.
Striking the Right Balance with Your Down Payment
The next step of the process is to determine how much you can put down on a home. Save as much as you can, but make sure to set aside some money for appraisals, inspections,closing costs and moving expenses. If you can save enough to put 20 percent down, you will be much more attractive to lenders. Additionally, loan products with a 20 percent down payment requirement are easier to obtain if your credit is less than perfect.
Real estate advice for the first time home buyer is if you can’t save that much, don’t be discouraged. There are plenty of ways to buy a home with little to no down payment. However, your interest rates may be a little higher, and you will have to pay private mortgage insurance.
What is Private Mortgage Insurance?
Private mortgage insurance (PMI) is what lenders use to protect themselves from risky borrowers. If you put down less than 20 percent, you will probably have to pay PMI every month as part of your mortgage payment. As your down payment decreases, PMI rates go up. Speak to as many lenders as you can to learn what rates to expect. Make sure to ask how long you will need to pay PMI. Some loans, such as those backed by the Federal Housing Administration, will require you to pay PMI for the life of the loan. Other products will allow you to cancel PMI after you have paid enough towards the principal balance.
How Much Difference does Interest Make?
Interest rates can make or break a loan deal. A slightly higher rate can add a large amount to your monthly payment and end up costing thousands of dollars more over the entire loan term. There are many ways you can lower your interest rates. Start by visiting a loan officer wherever you do your banking and ask for a copy of your credit report that includes the credit score. Do what you can to eliminate any negative marks on the report to improve your credit score.
You can also look at mortgage products that allow you to purchase discount points. Discount points will cost one percent of the loan amount and will usually lower the interest rate by 0.125 percent. Paying for discount points is often a good option if you don’t plan on selling or refinancing the home in the foreseeable future.
Don’t Forget Taxes
In most cases, property taxes will added to your mortgage payments as well. Property tax rates are relatively easy to find by visiting the county auditor or tax department’s website and doing a property search. If you don’t have a property in mind, call the tax department and ask about the tax rates.
Getting Answers about Insurance
Getting Home Owners Insurance may require some persistence on your part. If an insurance agent thinks you are just window-shopping, they are likely to give vague answers. It is also difficult to give ballpark numbers because of the many variables among homeowner’s policies. To avoid the hassle, start by asking family and friends what they pay for homeowner’s insurance. If you don’t know anyone in the area you are shopping, talk to your realtor. A realtor’s referral will show insurance agents that you are serious about buying a home, and they will be more likely to spend time answering your questions.
Putting the Data Together
Once you’ve done your homework, look online for a good mortgage calculator. Keep in mind that not all calculators are created equally; some are designed to paint an overly optimistic picture. A good mortgage calculator will allow you to enter all of your data, including purchase price, interest rate, loan term, PMI rate, taxes and insurance. In addition to providing monthly payment information, it should also generate an amortization chart so that you can see how your loan will break down over the years. Simply adjust the purchase price until you find a monthly payment in your comfort zone.
Once you have settled on a price range, you will be one step closer to being a homeowner. You will be able to start touring homes in your price range while shopping around for the best mortgage deals. The best part of good Las Vegas real estate for sale advice for the first time home buyer is that you won’t have lingering doubts about what you can afford, allowing you to fully enjoy the house-hunting experience.
Las Vegas may be the city where you can lose your shirt and plane ticket home at the roll of the dice, but it’s also a city full of entertainment bargains and amazing freebies for savvy travelers willing to look in the right spots.
Free Things To Do in Las Vegas NV
While there might not be such a thing in life as a free lunch, there are free shows, snacks and even a free chance at striking it rich.
In that spirit, locals have put together a list of some of our favorite free activities in Las Vegas.
Locals Know Where Everything is FREE!
Restaurants, shows, nightclubs, gaming, and entertainment attractions can add-up quickly and drain your savings account quicker than you can say “Black Jack”.
But, you don’t have to max out your credit cards to have fun in Sin City. Here are some of the best things to do in Las Vegas that are completely free things to do in Las Vegas NV.
1) Bellagio Fountain
This might be one of the best shows in Las Vegas, period. Think a water fountain is less than exciting? Think again. This is no ordinary fountain. This man made lake stretches 1,100 feet wide and has 1,214 devices that shoot more than 17,000 gallons of water 460 feet into the air.
The fountains are choreographed to 30 different songs, including Frank Sinatra’s “Fly Me to the Moon”, Andrea Bocelli’s “Time to Say Goodbye”, and Michael Jackson’s “Billie Jean”.
The show is surprisingly moving and romantic. Fountain shows run every 15 to 30 minutes in front of the Bellagio Resort. If you’re hungry, enjoy the fountain show from the Sugar Factory Restaurant patio across the street (outside Paris Las Vegas Resort).
2) Circus Circus Performers
True to its name, Circus Circus Resort features acrobats flying through the air with the greatest of ease. Every 30 minutes between 11 a.m. and midnight, circus performers entertain gamblers high above the casino floor.
But, you don’t have to be sitting at a slot machine to watch the 10-minute juggling, unicyclist, and trapeze performances. Guest seating is available for these shows, but, the small 60-seat grand stand fill-up quickly.
While at Circus Circus, follow signs to the Midway if you’d like to try some more traditional games of chance or visit the revolving “Horse-A-Round” bar (as seen in “Fear and Loathing in Las Vegas”).
3) Mirage Volcano
The Mirage gave birth to spectacular entertainment on the strip. In 1989, the Mirage unveiled their erupting volcano and it continues to draw more tourists than any other free attraction on the strip.
Fire, water, lighting, sound effects, and music all combine into one deafening and heart-pounding display.
Thanks to a $25 million overhaul in 2008, the Mirage volcano systems rumble and shoot fire more than 12 feet into the air, all to a custom soundtrack composed by Grateful Dead drummer, Mickey Hart.
Find a spot right in front of the hotel for this evening show and get ready to feel the heat. Staying at the Mirage? Request a room higher than the 13th floor for a birds-eye view of the explosions. Shows happen every 30 minutes from 6 p.m. to 11 p.m.
4) Bellagio Conservatory
While calm and uncharacteristically quiet for Vegas, the Bellagio Conservatory is overwhelmingly beautiful. Offering five horticultural shows per year, the Conservatory gardeners create stunning displays with thousands of flowers, trees, and plants.
The conservatory is open 24 hours a day and is always fresh – more than 10,000 potted flowers are changed every two weeks. For a different point of view, tour the tunnels that run under the Conservatory’s floor.
5) TV Research Center at the MGM
At CBS Television City the power of influencing TV is in your hands (and you don’t have to become a TV executive to do it!) You’ll find the TV Research Center inside the MGM Grand and free tickets are available at the registration desk.
Researchers will lead you into a screening room where you watch pilots for new shows or current programs on CBS, MTV, and Nickelodeon. After the show, you’re asked to input your thoughts on a touchscreen terminal. Want to offer up even more advice? You can volunteer to test commercials, websites, and technology products.
6) M&M World
When you make your inevitable trek along the Vegas Strip, giant cocktail in hand, be sure to turn into M&M World. This bright, colorful, and inviting four-story palace of chocolate, is chock full of memorabilia, t-shirts, entertainment, and candy.
Want the best souvenir on the strip? Head to the third floor and personalize M&Ms with your own custom message. The process only takes a couple of minutes.
Maybe you should consider some “Thank You” message M&Ms for that special someone back at home who was left watching your dog or watering your plants. If you don’t already feel like a free-wheeling kid in Las Vegas, M&M World will get you in the mood in a hurry.
7) Ethel M Chocolates Factory Tour
If you didn’t get your fill of chocolate at M&M world, take a quick trip away from the strip to Ethel M Chocolates Factory. On a self-guided tour, you’re privy to every step of the candy making process. Once you’ve seen the chocolatiers at work, sample their goods for free.
Ethel’s also boasts Nevada’s largest Botanical Cactus Garden. Just outside the factory, spend some time wandering around more than 300 species of plants and cacti, spread across four acres of desert.
8) Fremont Street Experience
Welcome to downtown Las Vegas, the place where it all began. History buffs will love the historic casino names that harken back to the days of the mob, thrifty tourists will love the cheap table games, and everyone is bound to get an eyeful from the best people watching in the city. What Fremont Street has to offer is well worth the trip from your modern “on the strip” hotel.
This bastion of vintage Vegas is a non-stop party in the street under a continual light show. The Viva Vision projection screen, 90 feet above ground and five football fields long, is the largest screen in the world. The screen is packed with 12.5 million LED lamps and each light show is about six minutes long.
Live tribute bands offer free concerts nightly on Fremont Street, while downtown Las Vegas hosts a variety of street festivals throughout the year. Time your trip right to attend the Vegas StrEATS Festival.
This food festival happens every second Saturday and features food trucks, beer stands, and a live DJ. You’ll find the action near El Cortez, just follow your nose. Champion eaters will be happy to find the infamous Heart Attack Grill on Fremont Street.
Need more convincing to head off the strip? The Golden Nugget is home to a 20,000 shark tank, several casinos offer free slot pulls, the men’s restroom at Main Street Station features a huge chunk of the Berlin Wall (no one quite knows why), and, for incredibly daring drinkers, Nacho Daddy restaurant will add a live scorpion to a liquor shot of your choice.
Whether you are a local who lives in Las Vegas or just visiting on vacation, there’s plenty to do on a budget. Don’t settle for just earning free drinks while you gamble the night away at a slot machine or roulette table. Get out and explore the town, there’s plenty of free things to do in Las Vegas NV sights just waiting for you.
9) Rio Masquerade Show in the Sky
This Carnival-like show is unlike anything else in Vegas. Performers ride floats that hang down from tracks on the ceiling of the casino. There is music and dancing, and plenty of free trinkets are thrown from the floats. Each unique show brings a new level of energy and excitement to an already-loud casino floor. Shows are hourly from 6 p.m. to 11 p.m. Thursday through Sunday. (For $12.95, guests can actually get a spot on some floats and participate in the show.)
“That’s like a 12-13 minute production,” Curtis said. “These are actors, these are real performers up there singing and dancing. Some of these are fairly elaborate.”
10) First Friday in the Arts District
Every first Friday evening from 5 p.m. to 11 p.m., the Arts District of downtown Las Vegas opens its streets for wallet- and family-friendly fun. Find a variety of artists and vendors hawking their wares, plus live music and activities that include the tyke-centric KidZone with free carnival games and an exotic petting zoo. Other attractions include an interactive science lab, live entertainment, and a fleet of food trucks for peckish revelers. Shuttle service from El Cortez and the Golden Nugget whisks visitors to the Arts District and back. Free things to do in Las Vegas NV!
Short sale process Las Vegas if you owe more than your home or investment property is worth and can no longer afford the payments, Bob and Diana with Ratliff Realty Group with RE/MAX can help! Your bank does not want to foreclose on your property but they most certainly will if you do not seek short sale help by providing them with a better alternative.
Discover Your Options / No Cost Short Sale!
Ratliff Realty Group RE/MAX Realtor have put together a report that explains in very simple terms, some of the best alternatives to foreclosure (including programs offered here in Nevada that may not be offered in other states). You will read how to avoid foreclosure and deficiency judgments, info about loan modifications and what a short sale process Las Vegas.
Here are the important facts you need to know:
You can sell your home or investment property for less than you owe the bank and still owe them nothing.
You can often sell your home or investment property at absolutely zero cost to you.
You may qualify for $30,000.00 cash moving-allowance through the Governments HAFA program.
You can eliminate the stress of living in a home worth far less than the existing mortgage and understand what it takes to qualify for a short sale process Las Vegas.
What’s A Short Sale?
Short Sale (also known as a “short pay-off” or “pre-foreclosure workout”).In real estate an agreement with your lender to accept less from your home sale than the amount you owe on the loan. In a lender-approved short sale, your lender releases you from the mortgage, thereby preventing foreclosure.
Why Would My Lender Accept Less Than Is Owed?
Knowing why and how much your lender does not want to foreclose on your home is crucial to the negotiating process. It’s often times much more expensive for the lender to modify your loan than it is to simply foreclose on you and sell it, or accept a short offer and pay all the associated sales costs.
Of course your lender would prefer that you stay in your home and continue making payments but selling it and getting the “bad asset” off their books is frequently their next favorite choice. Many lenders will negotiate short sale terms quite favorable to you, oftentimes allowing you to walk away for free and with zero delinquency judgments. A successful “no cost” short sale with zero deficiency judgments looming in your future can be possible if you work with an RE/MAX Realtor short sale process Las Vegas expert team to get it done.
Will I Qualify For A Short Sale?
It used to be that lenders would not even consider a loan modification or short sale if your payments were current, but not anymore. Realizing that other factors contribute to a potential default, many lenders are eager to head off future problems at the pass.
A hardship is one of the most critical components to the short sale process but it can be defined in many different ways. RE/MAX Realtor can assist you with what qualifies as a hardship.
Why Give Away Information Free?
We know the value of trust. We want you to know our goal is to serve you, educate you and assist you in handling all the complexities of your situation in today’s real estate market. We offer you free short sale help information so you will see us keep our promises.
Short sale help, we inform you so that you contact us when you are ready for the next step. We provide you vital information about your transaction with the hope you will use our services when you are ready. That’s why being a RE/MAX Realtor short sale specialist is so rewarding. Simply put, our best home sellers are always our educated clients.
Get started now…and let RE/MAX Realtor show you all your options to avoid foreclosure. Attorney Negotiated No Charge to YOU!
We’ve shared much of our special expertise here on our web site. You’re invited to read and learn. When you have a question – or when you are ready for a Know Your Options consultation – we are standing by. We know from experience, the more knowledge we share with you, the easier it is for all of us to get the job done quickly – and get it done right.
Is The short sale help for me? Some important issues to consider when deciding whether to short sale your home or allow it to go into foreclosure are:
1. Whether or Not You Qualify for Short Sale Help
2. Federal Tax Liabilities Resulting from a Short Sale / Foreclosure
3. The Impact on Your Credit Rating
4. The Effect on Your Life and Finances Due to Resulting Deficiency Judgments
5. Whether or Not Collection Efforts by Your Lender will Cease or Continue for 10+ Years; and
6. The Estimated Waiting Period Before Being Able to Purchase Another Home.
We feel that you should seriously consider a short sale as an option if:
1. Most of your debt is your mortgage debt. In other words, you do not have any other substantial credit card or other type of debt.
If you are burdened with other debt also, it may be best to consider filing for bankruptcy and doing a short sale. (Note: Bankruptcy does not erase the record of a foreclosure from your credit report.)
2. The fair market value of your home or property is substantially less than the principal balance owed on your mortgage.
Remember that according to historical data from the last 50+ years, your property will most likely not appreciate, overall, more than 3-5% per year.
Loan Modifications and Short Sales
If you are planning to do a short sale, which is often your best Las Vegas short sale attorney help option, do not do a loan modification. Usually, a loan modification takes so long, that by the time you realize a loan modification will not work, there is often no time left to go through the short sale process Las Vegas.
Las Vegas real estate market report June 2015 RE/MAX Realtor indicates the properties for sale market in Clark County, Nevada continues to sizzle with month over month gains as far back as the eye can see.
Check out my Las Vegas real estate market report June 2015, which begs the question, “Is it time to buy?” or “Is it time to move-up?” From the reputable news sources and hard stats…all signs point to yes!
If you are interested in your home’s valuation, community information for a possible move, or even short sale guidance, our Ratliff Realty Group RE/MAX Realtor properties for sale services are always available to you.
So far 2015 is looking a lot like 2014 in terms of closings. Both single family homes and condominiums are very close to 2014 levels between January and May. However, the type of buyer has been shifting with prices ratcheting higher during the past year.
Las Vegas real estate market report June 2015 indicates investors now make up a relevant but declining share of closings and the higher prices have likely tempered some first-time buyer interest although low interest rates have been supportive of this segment.
RE/MAX Realtor indicates the recent volatility in mortgage rates and the Federal Reserve jawboning about a possible interest rate hike in 2015, the low rate headwind many buyers have come to expect may not last forever. Some of the more marginal buyers may be headed for a disadvantage.
Although not all Fed observers believe they will increase rates, the recent national jobs data seems to favor the idea of a rate increase, if even a moderate one. Still, the picture remains murky with a Fed board that is not aggressive.
After a strong bump in prices between March and April, pricing pressure took a breath and essentially traded sideways. We prefer a more settled real estate market with gradual shifts in pricing at levels that reflect the underlying fundamentals in the job market and household incomes.
Las Vegas real estate market report June 2015 indicates job growth maintaining an upward trend, this instills some level of comfort that prices have not escalated beyond what the majority of homes for sale buyers can afford.
Pre-construction pricing on this new master planned community Las Vegas. Two story newly built homes for sale with 1800 to 2300 sq. ft. of living area. Included features will include maple cabinets, granite kitchen cabinets.
Newly Built Homes for Sale
This new residential neighborhood with paver stone drive-ways included in every newly built homes for sale in this new master planned community Las Vegas. Easy access to all of Henderson NV amenities and the Las Vegas Valley.
Symphony at Cadence
From the upper $200s
1,810 – 2,320 sq. ft.
Bedrooms: 3 – 5
New master planned community Las Vegas at Cadence in Henderson offers inspired floor plans with approx. 1,850 to 2,250 sq. ft. and up to 5 bedrooms newly built homes for sale .
Designer details, incredible included features and hundreds of options are just a few of the countless reasons to call this exceptional new residential neighborhood home.
Check out this home’s included features:
Maple kitchen cabinetry
Ceramic tile flooring in the entry/kitchen/bathrooms/laundry
Paver stone driveway/walkway/entry
Granite kitchen countertops
The open main floor of the Lindsay plan is perfect for entertaining, with an inviting great room, a generous dining room and a gourmet kitchen with maple cabinets, ceramic tile flooring and a convenient center island.
Upstairs, you’ll find a laundry, a loft, which can be optioned as a fourth bedroom, and a relaxing master suite with a roomy walk-in closet. Options include a deluxe master bath and a covered patio.
From its charming covered entry to its open, inviting layout, the Lillian plan is designed with your livability in mind. On the main floor, you’ll find a spacious great room, a comfortable dining room and a gourmet kitchen with maple cabinets, ceramic tile flooring and a center island.
You’ll also appreciate the relaxing covered patio. Upstairs offers a a large master suite with an optional deluxe bath and a loft that can be converted to a sitting room or fourth bedroom.
The main floor of the inviting Lawson plan features a spacious great room and an open dining room that flows into a gourmet kitchen with ceramic tile flooring, granite counter-tops and an island.
The study and powder room can be optioned as an extra bedroom and full bath. Upstairs, enjoy a roomy loft and a relaxing master suite. Personalize this plan with options such as a deluxe master bath, additional bedrooms and a covered patio.