THE MASS EXODUS FROM CALIFORNIA TO LAS VEGAS

This iconic sign greets visitors coming into our great city, but what about those driving here in a moving truck?

More and more people from California are relocating to Southern Nevada each month for a more affordable way of life. Housing Prices are less (Median House Price is $285K), Taxes are less ($0 State Income Tax), Less than 1% Property Tax, and an overall cost of living that’s less!

For those of who have grown up in Las Vegas the secret is definitely out! Our Economy is strong, Jobs are plentiful, and there are Housing Options! Curious on a move to Las Vegas/Henderson and wanting to see how far your dollar will stretch in a Vegas way of life? Contact us today for a current housing list.

Want to learn more about why so many people are moving from Los Angeles to Las Vegas? Listen to this recent episode of the Vegas Life Podcast:

Have Home Prices gone past YOUR Budget?

Las Vegas home prices, sales climb again at start of 2018

It’s not a secret that we’ve been battling a shortage of homes here in Southern Nevada for a number of years now and in typical “Sales 101” fashion the lack of supply has driven up home prices. With rental costs increasing and mortgage interest rates remaining near historic lows, more and more people are looking into buying a home. The problem that they’re finding is that the prices may have increased past their buying power.

A recent Las Vegas Review-Journal Article confirmed that from the beginning of 2017 to the end of 2017 the median house price has increased by 14% to $267,900. With the continued low inventory there does not seem to be an end in site.

If you’re considering Buying a home in 2018 contact us today at (702) 501-8726! Don’t let home prices go past your budget and miss out on the American Dream!

Feeling HOT HOT HOT

If you haven’t already heard, it’s a Seller’s Market that’s HOT HOT HOT right now! With the right representation (yours truly) it seems as though listings are going into contract within 48 hours after hitting the market.  We continue to have a shortage of inventory and the demand is outpacing the supply.

The photo for this blog is from one of our latest listings. We had 10 offers in less than 24 hours and almost immediately opened escrow!

We’ve found that a properly priced home is seeing multiple offers that could actually drive the price up. That strategy has helped us avoid overpricing the home causing it to sit on the market longer than expected.  A house that sits on the market causes some Buyers to ask, “What’s wrong with it that it’s been on the market (blank) days?” …and they’re absolutely right. If the house needs some TLC, you’ll need to properly price it. If it’s absolutely turnkey, you’ll need to properly price it. If it’s somewhere in the middle, you’ll need to properly price it.

Let us help you with coming up with a proper pricing and maximize the profit when selling your home. Contact us anytime. (702) 501-8726 or rebarchick@gmail.com

Getting a Home Loan in Las Vegas – Q&A With a Local Expert Mike Cornachio

Recently I met with Mike Cornachio, Branch Manager and Loan Officer with local lender Castle & Cooke Mortgage, and discussed some tips in getting a home loan. We covered a variety of items (credit requirements, job requirements, timeline, etc.) and we decided to film a little Q & A segment to help Buyers out there with the process of applying for a home loan.

Mike has helped numerous clients of mine in the past and not only does he have access to some of the best interest rates around, his fees are some of the lowest offered!

8 Insider Tips for Buying a Home in Las Vegas’ Tight Market [Summer 2017]

We know very well how hard it is to buy a home in the Las Vegas valley right now. In fact, the local housing market is as “tight” as it’s been in years. Home inventory is down and prices are up.

You need to have a proven strategy to compete in this “buyer’s market.” So here are 8 of our best tips and tricks for buying a Las Vegas or Henderson, NV home in 2017:

1) Work with an experienced agent – Don’t waste your time (or money) dealing with realtors who don’t have extensive experience in the local market.

2) Adjust your criteria – In a tight market like this it’s best to be flexible. You might be pleasantly surprised!

3) Get pre-approved for a loan asap – It’s vitally important to know what your “buying power” is and to determine what monthly payment you’re comfortable with.

4) Have an offer strategy – Look at accurate comparables (“comps”) and develop a good offer strategy to avoid wasting your time and/or money!

5) Act fast – In a “buyer’s market” you need to move fast. As soon as you find a home you like, you need to jump on it.

6) Make a strong offer – Making a strong offer can improve your chances of getting the home.

7) Work with the home inspection results – Don’t be afraid of “fixer upper” homes.

8) Stay encouraged – It’s easy to become discouraged in this type of market but there’s no reason to, especially if you have the help of a top real estate agent!

Contact us today so we can help you find your Southern Nevada dream home!

MORE BUYERS CHOOSING NEW CONSTRUCTION

We’ve been helping more and more of our Buyers with new construction home purchases lately. The continued lack of resale inventory simply is making the American Home Buying Dream into a discouraging nightmare. The continued lack of home supply is simply not keeping up with the demand. Not to mention that many of the resale homes on the market are in need of repairs and remodeling which can be quite expensive and intimidating. It makes the beauty of and ease of a buying new construction that much easier when having the right REALTOR® representation.

Working with the various Builders in Henderson, we know the communities, pricing, floor plans, sizes, and most importantly the Current Builder Incentives! The best part is just like when buying a resale home our service and help representing you as a buyer is absolutely free! No broker fees, transaction fees, or commissions are paid by you.

Below is a link to a recent Las Vegas Review Journal article discussing the massive increase in new home sales to start off 2017. It seems that the secret is out with buying a Brand New Construction Home! Contact us today to get started finding your New Dream Home!

-Mike Rebarchick

http://www.reviewjournal.com/business/housing/las-vegas-homebuilders-see-jump-sales-prices-january

REALTOR® Q & A Episode #2

 

Our latest Q & A video has just been posted and is getting regular views and shares on Facebook! It’s also on YouTube and you can watch the video below!

If you’re considering Buying or Selling, watching us answer these 5 common questions is a MUST! Be sure to contact us at (702) 501-8726 to help you with your real estate needs!

Facebook Live Tour of Lennar Aventine!

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I recently did a Facebook Live tour of the Lennar Aventine community and they have a number of standing inventory/move-in ready homes!

This gated Seven Hills area community in Henderson is zoned for the coveted Coronado High School, Del Webb Middle School, and Wolff Elementary. It is also built around the Rio Secco Golf Course!

Be sure to watch the video which emphasizes their Standard Features (granite kitchen counters, stainless steel appliances, stackable sliding glass doors, and much more).  The single story floor plan is over 2600 square feet while the smallest two-story is 3470 square feet! Whether you’re looking to move now or after the 5-6 month construction period, I’m sure you’ll agree that these homes are fantastic!

Contact me today at (702) 501-8726 to setup a tour of their models and to see these standing inventory beauties!

Click to watch the Facebook Live Tour of Lennar Aventine

You Deserve to Have Us Represent You When Buying or Selling!

If you’ve had Kandis & I represent you when buying or selling a home (or you know us personally and know our passion for our clients), then you know we set the bar very high for REALTORS. My latest video helps explain the different when having two top producing real estate agents on your side makes all the difference….we’re full time REALTORS who eat, breathe, and sleep real estate! After all, you need to trust in your real estate agent in selling for top dollar or buying at the best possible price! Contact us today to get started with the representation you deserve!