Las Vegas Buyer Resource: You Cannot Know Everything

It is impossible to know everything that will happen when you are buying a home.  Closing costs, interest rates, HOA rules and regulations, the condition of the home ... it goes on and on .... are all items that are generally not known when you first start looking at homes (or even when you are under contract at times).

Image: ddpavumba / FreeDigitalPhotos.net

It is important to go with the flow of the deal and know that eventually you will pin down all of the details.  One day can look like a total disaster then the next everything magically works itself out.

The key is to keep in communication with the people helping you in your home purchase.  Your real estate agent, escrow officer, home inspector, loan officer, insurance agent are all here to help you get through these stressful times.  Let them know what issues are important to you so they can try to get the answers as soon as possible.

Keeping quiet doesn't solve anything.  Speak up - after all in the end it is your money and you make the decisions.

Las Vegas Gated Community with Community Pool

Today we go to the SW part of town to Lamplight Cottages (see slideshow below).  This is a Las Vegas gated community in zip code 89113.  Beautiful community with green space, community pool and spa for residents, and play area for the kids.  Unique homes with front porches and cobblestoned driveways.

This Las Vegas gated community is minutes from St. Rose Hospital - St. Martin Campus and  Arroyo Crossing Shopping Center. You are approximately 15 - 20 minutes from The Strip and McCarran Airport.  Great location.

Interested in finding a Las Vegas home 

in a gated community in Las Vegas? 

Click here and tell me what you are looking for in your home.  

I'll email you available listings.

Ahh, You Are Making Me Blush!

 Happy Valentine's Day!!!  

The Mapanao family had a LONG wait (short sale) with a few hiccups along the way (extensive repairs needed on home).  Luckily, all went well and they are finally in their new home!  

Here is what they have to say about the Las Vegas home buying experience:

Dear Cindy,         

            Hi! Until now, we are still reeling off with awe, hardly believing the fact that you have delivered service that has us owning a property we like in Las Vegas.

            We sincerely and truly appreciate all the tireless efforts and services you had provided for us.

            Buying a home supposedly has its tolls and pitfalls, abound with stress and anxieties. However, you have made the experience of buying a home the exact opposite of that, with your kind, fast, and efficient service. We are so thankful we had found the right realtor or broker.

            If someone were to ask us who a good, reliable realtor would be, we would definitely and gladly endorse you, Cynthia Abel.  Working with you was indeed a pleasant experience that not only helped us reach our goal, but also helped us realize what we really wanted.

            We are forever thankful for such a great service. Every member of the family loves the home you helped us purchase. Our dreams of having a home in Las Vegas were achieved because of your amazing deliverance.

                                                                                                    

Your satisfied clients, Mapanao Family of San Jose, California

 View other client testimonials

Looking for a home in Vegas?  Call me to discuss your search at 702-807-3339.  You can also tell me what you are looking for by clicking here.  I'll email you listings to view.

Thanks!
Cindy

Las Vegas Homes - Las Vegas No Registration MLS

Las Vegas Homes - Las Vegas No Registration MLS

Sun City Aliante - 55 plus

 Looking for a Las Vegas Home.  Visit SoManyHomes.com, your Las Vegas homes resource.  There you can search the Las Vegas MLS - no registration needed.

For a more tailored search (and updates) tell me what you are looking for and I will find it for you.  I will send you a list of homes for sale (regular sale, bank owned, short sales, HUD homes) and also keep you updated when a new home comes on the market.

Las Vegas Condos and Las Vegas 55 plus communities are also featured.

Southern Highlands

Las Vegas hud homes for sale - Huntington Community SW Las Vegas homes

Las Vegas home for sale - SW 89178 zip code

No Longer Available - Please click on our Las Vegas HUD Homes page for more information on Las Vegas HUD homes for sale.

• $160,000
• 2 Story
• 3 Bedrooms/ Den
• 2  Bath
• Two Car Garage
• HUD Home
• 2322 sq. ft.

Receive a list of homes for sale (includes HUD, bank owned and short sales) - click here. 

More information needed?  Call me or text me 702-807-3339 or send me an email (reference Neath).

Search the MLS - no registration needed.

Related Posts:
Benefits of buying a Las Vegas HUD home
Las Vegas HUD homes

Las Vegas Pool Home for Sale - Las Vegas Zip Code 89121

Las Vegas Home for Sale - Las Vegas HUD Home -Zip Code 89121
More information needed?  Call me or text me 702-807-3339 or send me an email (reference Monterrey Property).

• $65000 - 58,500 (price reduced)
• 1 Story
• 3 Bedrooms w/ Den
• 2  Bath
• Two Car Garage
• HUD Home
• 1544 sq. ft.

Receive a list of homes for sale (includes HUD, bank owned and short sales) - click here. 

Search the MLS - no registration needed.

Related Posts:
Benefits of buying a Las Vegas HUD home
Las Vegas HUD homes

Las Vegas Homes for Sale - Las Vegas HUD Homes for Sale

Las Vegas Home for Sale - Las Vegas HUD Home -Zip Code 89121

No Longer Available - Please click on our Las Vegas HUD Homes page for more information on Las Vegas HUD homes for sale.

• $60,000
• 1 Story
• 3 Bedrooms
• 2  Bath
• Two Car Garage
• HUD Home
• 1390 sq. ft.

Receive a list of homes for sale (includes HUD, bank owned and short sales) - click here. 

More information needed?  Call me or text me 702-807-3339 or send me an email (reference Hazelcrest Property).

Search the MLS - no registration needed.

Related Posts:
Benefits of buying a Las Vegas HUD home
Las Vegas HUD homes

Henderson HUD homes - Green Valley Henderson Nevada Homes for Sale

This property is no longer available - visit our Las Vegas HUD homes web page for others to view.

Search the MLS - no registration needed.

More information needed?  Call me or text me 702-807-3339 or send me an email.

Receive a list of homes for sale (includes HUD, bank owned and short sales) - click here.  

Related Posts:
Benefits of buying a Las Vegas HUD home
Las Vegas HUD homes

Las Vegas Home - 85K - 2 bed - South

Good shape - move in ready. Neighborhood has a community pool, green space, and playground area. Home has two bedrooms (upstairs) and they share a full bath (with separate vanity areas).

Click here for property details.

Click here to look at pictures.

Interested? Call Cindy at 702-807-3339 or teamabel@somanyhomes.com

Las Vegas Homes

Some interesting news stories:

Where recent out-of-state-homebuyers are based - 40% of the homes sold this year have been to out of state buyers. Thisstory has an interesting chart showing where tax bills will be sent. Surprise! California leads the pack.

How many homes do banks really own? - We keep expecting a wave of foreclosures to hit the market. Where are they?

===============

Loan Modification Now Available for Second Mortgages

The Making Home Affordable Program has now expanded to include second mortgages. Under this Second Lein Program, modification of the first mortgage will reduce the payment on the second lien.

More information is available here, and here (pdf document).

Las Vegas Housing Stats - October 2008

The October stats are out! Here they are for your enjoyment.

Single Family Residential:
The number of available homes for sale in October 2008 was 22,929 (again, not much of a change).

The number of new resale home listings in October was 5,551 a increase of approximately 3% over September 2008. This is approximately 6% more than the same time last year.

The number of sold home listings (2,718) decreased by 2 percent over September 2008. It was a 179% increase over the same time last year. Approximately 47% of these homes had been on the market for 30 days or less. The median price of the sold homes during October 2008 was $190,000. This is approximately 30% less than the same time last year.

Condos/Townhomes:
The number of available condos/townhomes for sale in October 2008 was 5,531.

The number of new condo listings in October 2008 was 1,235 an increase of approximately 10% over September 2008 and a increase of approximately 7% over October 2007.

The number of condo/townhomes sold in October 2008 was 414. About 38% of these condos or townhomes sold in 30 days or less. The median sold price of the condos or townhomes during October 2008 was $109,575. This is approximately 36% less than the same time last year.

Source: Greater Las Vegas Association of REALTORS.

Window to Negotiate with Sellers is Closing

Dan Green, mortgage guru, says:

There are a few reasons for home supply dip:

1. Home buyers are keenly aware of the negotiation leverage they have over sellers and they know how to use it
2. Banks are getting good at selling foreclosed homes

These two elements combined to help homes sell like hotcakes during what is typically a "slow" month in real estate, boding well for the housing market going forward. The figures are consistent with the other housing data from last month that showed more homes under contract and more homes selling.

You can read it all by clicking here.

I know what he means about "slow" month. My month so far has been busy, busy, busy. Buyers are flocking to town in what is usually my time to catch up and work on my Web site.

How is Your Weather?

We are in the 70's. It is sunny and beautiful. What is it like where you are? I was out at Sun City Aliante previewing homes for a client. Great sunny day. I love our weather.



By the way, Aliante Station is now open!



Why not take a trip down to Vegas and find yourself a sunny vacation home? No snow, no ice, no rain, no gloom! Sunny days - what's not to like? PLUS --- Prices are fantastic!

Seller Downpayment Assistance Ends Soon

Time may be running out to purchase a new home if you are planning on asking the seller for downpayment assistance. The recent housing bill eliminates seller assisted funding for Federal Housing Administration backed mortgages. After September, the only no down payment mortgage left will be VA loans. Right now, we are watching and waiting for seller downpayment assistance to be revived.

We know of a few home builders in town who might be able to help you. Contact us and we will register you with those builders (assuming something is available when you contact us). Don't wait because we need to get the process started in order to qualify you for the seller down payment assistance.

Meanwhile, if you are waiting for the prices to drop more - don't. Don't try to time the market because no one knows what will happen. It is a buyer's market and you should be buying. Don't let your current fears of pricing hurt you. If you find a house you love - a home you can enjoy and grow in. Buy it. Make the best deal you can possibly make and start enjoying your new home. Buy when you have the power - NOW.

Act today and let's get you into a home while the pricing is excellent and the money is available. I know there are some of you who missed out on buying a home in the past because the prices went way out of your reach. Our pricing is amazing! Don't miss out again.

Mortgages Are Getting More Expensive

Fannie Mae has recently announced changes that will make getting a home mortgage more expensive. These changes included added fees, eliminating Alt-A loans by the end of 2008, and charging a high risk premium for buying loans.

In addition, banks have been steadily freezing, eliminating, or cutting off home equity lines of credit. Even people with good credit are finding their rates increasing,limits being lowered, and higher down payments being required.

What does this mean to you?

It means your mortgage could cost more. It could also mean the mortgage you thought you had today may be gone tomorrow. Buyers who are waiting to see if pricing will go down further could find they missed their chance due to rising financing costs and discontinuation of their loan program or home equity line of credit.

Now is a great time to purchase a home in the Las Vegas area. There are some fantastic opportunities. I know that some of you didn't buy when we were booming because the prices went far out of your reach. Prices are now well within your reach. What are you waiting for? Now, is the time to act.

Don't miss out again!

Read more about mortgage changes:
here and here.

Las Vegas Country Club

Looking for a Las Vegas guard gated community located just off The Strip? Las Vegas Country Club will fit the bill.



This Las Vegas community offers a private golf course and many different types of homes: standard condos, high rise condos, townhomes, and single family residential.

Pricing in this community ranges from the low 90's (for a studio condo) up to 2 million dollars. Generally the community was built in the 70's (although there are some homes built in the 90's).

To receive more information about this community click here.

The golf course is private and membership is required, but not mandatory. Other available amenities vary by neighborhood with several pools, spas, and an exercise room available to condo residents. High rise residents have a pool, spa, exercise room, and tennis available.

Las Vegas New Homes Price Reduction

Ardiente, a Las Vegas age restricted community, has reduced their base price on homes. The price reductions range from $37,090 to $53,090. The builder is also paying for three years of homeowner association dues and are giving buyers $10,000 towards closing costs.

To view more information about this Las Vegas community (including a slide show) visit our Ardiente information page.

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Las Vegas Condos - Silverado Ranch

Antigua, is a Las Vegas condo complex located in the Silverado Ranch area.

View the video tour:



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Lake Las Vegas Real Estate

Yes, it is possible to find lake front real estate in the Las Vegas area. Take a trip to Lake Las Vegas located near Lake Mead in Henderson, Nevada. Lake Las Vegas is a 320 acre privately owned lake with 10 miles of shoreline. Yes, you can fish in Lake Las Vegas which is stocked with bass, trout, bluegill, and more. Boat rentals are available for residents and guests. Like to golf? There are three golf clubs located at Lake Las Vegas: The Falls (public), Reflection Bay (public), and South Shore (private).

The beautiful resort styled community of Lake Las Vegas features condos, townhomes, and homes. You can find new and resale real estate ranging in price from $325,000 up to 14 million.

Takes a second:


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