Las Vegas Luxury Homes: How to Buy a Home in Today’s Economy

Buying a Las Vegas Luxury home in today’s economy can be difficult, to say the least. If you’ve recently experienced a job loss, or other type of financial setback, you may think that your dreams of Las Vegas Luxury Home ownership have been dashed. Rest assured that you can still buy a home if you use a bit of creativity. Here are a few tips for buying a home in the midst of a recession:

1. Buy Less

Las Vegas Luxury Homes: While you may have a five bedroom, three bath homes on your short list, you would do better to buy something smaller for a better price. While unscrupulous lenders will sell you more than you can afford, a reputable lender will advise you to buy less.

A handy rule of thumb, if you are buying Las Vegas Luxury Home with a partner, is to buy a house that carries a mortgage payment you can afford on one salary. This may mean that you have to buy a smaller house in Las Vegas, but it also means that if one of you should lose your job, you won’t be homeless.

Las Vegas Luxury Homes

Unless you come across a spectacular Las Vegas  Luxury deal that simply can’t be passed up, consider saving for another year before buying your home. Remember that the larger your down payment, the lower your monthly mortgage payments will be. You may also be able to avoid making mortgage interest payments if you have a larger down payment. There’s nothing wrong with “shopping” for Las Vegas Luxury houses to get a feel for what you both love and can afford, but use that shopping experience to set your savings goal rather than to actually purchase a house.

3. Decide What Is Important

Sit down with your partner and make a list of priorities before you start looking for a Luxury Home in Las Vegas. Rather than plunking down your hard-earned cash on a house because its “good enough”, decide what it is that you want first before you have the chance to preview a home.

Is it important that you live in a specific neighborhood? Do you want your children in a specific school district? Do you need to live in the city you work in to avoid paying taxes to two localities? Once you’ve decided what your priorities are, you can then begin looking for a home. This will help keep you from making an impulsive decision.

4. Consider Foreclosures

Las Vegas Luxury Homes that are being sold at auction can often be had at a fantastic price. When looking at Las Vegas Luxury foreclosure properties, however, keep in mind that you may not get the perfect house. You can realistically plan on spending between $10,000 and $40,000 to make necessary repairs that will make the home inhabitable. If this is the case, that house may not be such a great deal after all.Never buy a property sight unseen! You may think that a $10,000 roof isn’t a problem when you’re only spending $60,000 for the house, but that new roof may lead to new walls, new floors and even new plumbing, depending on the true nature of the problems.

5. Barter

When making an offer on the home, consider the housing market. Would it be beneficial to offer a lower bid? Can you ask the seller to pay closing costs? When making a deal, you’ve got to walk a very fine line; act too aggressively and your offer will be declined. Don’t feel, though, that you need to offer the exact asking price. If the house has been on the market for some time, you may find that the owners are amenable to giving you what you ask for. The only thing they can do is say no and, if that happens, you aren’t any worse off than you were before you put in your bid!

Buying a house in today’s economy may be stressful but, when done correctly, it doesn’t have to be. By saving for a proper down payment, looking at houses that are a bit less than you can actually afford and bartering with the current home owners, you may just find yourself walking away with a fantastic deal!

Sheila Barnett writes on personal finance and budgeting for financial calculator, a site with many helpful financial calculators for investments, loans, net worth and even one that figures out your savings from quitting smoking.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-6868.

SEE ALL LAS VEGAS LUXURIOUS COMMUNITIES HERE:

• Anthem Country Club Las Vegas
• The Ridges
• Vertical Las Vegas
• Red Rock Country Club
• Southern Highlands
• Canyon Gate Country Club
• MacDonald Ranch
• Lake Las Vegas
• Summerlin
• The Lakes
• Spanish Trails
• Tucson Ridge
• Seven Hills

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Las Vegas Luxury Homes: 2012 2nd Quarter Housing Summary

Las Vegas Luxury Homes: During the second quarter of 2012, home sales decreased from 2011 by 628 sales.  In April we saw a decrease of 45 sales, in May we saw an increase of 95 while June decreased by 678 properties. 

Las Vegas Luxury Homes

Home prices have continued to increase every month in the second quarter.  We have seen a total increase from the second quarter of 2011 by 6.72%.  We continue to see an increase in short sale closings from 2780 to 3766, which is a 35.5% increase.  REO closings have decreased from 5568 to 3757 in the 2nd quarter, which is a decrease of 32.5%.  Resale transactions have increased from 3655 to 4092, which is an 11.6% increase.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-6868.

SEE ALL LAS VEGAS LUXURIOUS COMMUNITIES HERE:

• Anthem Country Club Las Vegas
• The Ridges
• Vertical Las Vegas
• Red Rock Country Club
• Southern Highlands
• Canyon Gate Country Club
• MacDonald Ranch
• Lake Las Vegas
• Summerlin
• The Lakes
• Spanish Trails
• Tucson Ridge
• Seven Hills

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Are You Ready To Be Las Vegas Luxury Homes Buyer?

You may have thought about buying Luxury Las Vegas Home once or considered it for a long time, but how do you know you’re truly ready? It’s important to evaluate your current situation and mentally anticipate and prepare for the Real Estate purchase process and journey; after all, it will be the biggest and most important purchase in your lifetime.

Las Vegas Luxury Homes

First, ask yourself what you really want.  A question like that can be trivial and broad but there are some questions you might not have considered yet like: Are you planning to move to a new community because of a change in lifestyle? Is buying an option and not a requirement? What would you like in a home that you do not have now? What is your purchasing time-frame?

Another big question is: Do you have the money? Most of us don’t have tons of cash sitting in our bank account so financing is a common action. Financing is defined as the difference between the purchase price and the down payment, known as debt or the mortgage. Closing costs, the final costs associated with closing a loan, are another thing buyers may overlook. You may purchase with little or no money down, but that means you should be prepared to have higher monthly mortgage payments, which is why most homebuyers choose to buy with some cash up front. Don’t forget, to qualify for little or no money down you need good credit. For at least one year prior to your Luxury Home purchase, you should make sure that every rent check, car payment, credit card bill and all other debts are paid in full and on time.

The key to making the Luxury Home-buying process easier and more understandable is planning and working with a good Real Estate agent.Knowledge and experience is the key to successful Real Estate transactions.

Help in your search or selling your home?

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

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Sale of Las Vegas Luxury Homes - Do You Trust Your Agent's Opinion?

You have interviewed several agents to sell your Las Vegas Luxury Home. Each agent presented nearly the same comparative market analysis, values and suggested listing price. You seemed to connect with one agent who gained your trust, and after careful consideration, you engage with that agent.

However, the suggested list price for you Las Vegas Luxury Home is not quite what you had expected to hear. Through subsequent discussions the agent has agreed to support you and list the property at your price which is somewhat higher.

Las Vegas Luxury Homes

The first two weeks of marketing are the most valuable for any property. During that time the agent shows your Luxury Home endlessly. You feel hopeful. But then the activity starts dwindling down after a month and there are no offers coming.

Choosing the right price for your Las Vegas Luxury Home will increase advertising response, stimulate buyer interest, compensate for property shortfall, and provide you with a negotiating advantage. Trust your agent’s opinion.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

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The Comfort of Las Vegas Luxury Homes

Las Vegas Luxury Homes are some of the most comfortable places to live in the world. The city is known to be filled with provisions for almost all your needs. Its streets are lined up with theater shows, restaurants, spas, malls and other places that you would be fascinated about. Las Vegas is indeed a haven for everyone from different races and age levels. If you are one of the interested Las Vegas Luxury Home buyers , it is then important to take some important considerations in mind.

Las Vegas is famous for Luxurious Houses which leads people to think that only the rich and influential come to live in the place. That would probably cross your mind when you were having plans of buying a Las Vegas Luxury Home in this exciting city. In fact, you might have questioned yourself, ‘Why would I make such an investment when my money is not sufficient for one of the homes in Las Vegas?’ Well, this question may be better said this way – What are the choices I could have in buying a house in Las Vegas and become one of the recipients of the benefits that residents in the place enjoy?

For many reasons, Las Vegas constantly remains to be on the list of top-ranking growing cities in the country. Six thousand new residents are estimated to arrive in the city every month. One of the probable bases for its growth is the low unemployment rate in the area. Furthermore, Las Vegas takes pride in maintaining its high employment rate. It also boasts on its super friendly tax structure which has attracted hundreds of companies as well as entrepreneurs in the city.

Las Vegas is similar to other cities in terms of quality schools as well as higher learning institutions. There are places of worship, libraries plus fine restaurants and a chance to be a part of f enriching cultural events. Moreover, living in one of the Las Vegas Luxury Homes is almost the same as taking pleasure in the wide array of recreational opportunities for the whole year-round, pleasant and accommodating people, and numerous reasonably priced housing. All of these make Las Vegas such an ideal place to live and have fun.

Homes in Las Vegas give opportunities for community bonding as well. Mostcommunities have consistent gatherings with family-oriented activities involved. The flourishing economy as well as the friendly tax rates in the city makes it a perfect choice for a Las Vegas Luxury Home with an added bonus of affordable prices yet with guaranteed good quality.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

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Lake Las Vegas Luxury Homes - What's At Stake?

The Real Estate of Lake Las Vegas provides such a wide range of residences.Las Vegas Luxury Homes can be from custom Home sites to waterfront residences. There are fairway Homes as well as golf villa condominiums. All of these Lake Las Vegas Luxury Homes plus the townhouses consist of unique and wonderful views. Life in Lake Las Vegas is unmatched and gives its residents an opportunity to choose between staying in one of the resorts for long-term or visit the place whenever they please. Whichever choice these residents pick, they are entitled to the services as well as the amenities while they make the best out of the great things about Las Vegas.

The community in Lake Las Vegas takes pride of its 10-mile shoreline situated around the state of Nevada’s biggest private-owned lake. The fascinating lake is surrounded by sophisticated amenities with elegantly-designed landscaping. This upscale residential community holds a resort atmosphere while focusing on the privacy as well as the serenity of the residents.

Lake Las Vegas Luxury Homesgive you the advantage of the many amenities in the community. It includes gold courses, relaxing spa parlors, world-class hotels along with additional recreational facilities and indoor plus outdoor activities. Boutiques in the MonteLago Village offer an overlooking view of the lake. Furthermore, the community presents homes with the following features:

• Las Vegas Luxury Homes that enjoy a panoramic sight of the lake
• Las Vegas Luxury Homes situated in the hills
• residences with the sceneries of the dazzling city lights

Lake Las Vegas owns nineteen different neighborhoods, with each offering fabulous lifestyles. It is considered as among the leading residential locations in Las Vegas. It is literally an oasis of luxurious lakeside living.

This community was created in the 80’s with a vision coming from its developer Ronald F. Boeddeker of a lake situated in the heart of the desert; together with this vision, are the people enjoying the chance to live extravagantly with an Italian or European touch. For the past 20 years that this community has been developed, its residents are now taking delight in 4 golf courses and 1000 Lake Las Vegas Luxury Homes, making it an ideal community find a comfortable home to live. The project continues of the community with a goal of 9000 total homes in approximately 5 more years of expansion.

Lake Las Vegas community is a home of fantastic attractions. Shops, restaurants, shows and an elegant lake have attracted both locals and visitors. In fact, celebrities and many well-off residents have picked Lake Las Vegas homes as their permanent place to live.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

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The Pleasure from the Treasures of Las Vegas Luxury Apartments

Whatever reasons you may have for relocating to Las Vegas, for the glittery Strip lights or for a peaceful and suburban feel, you will find treasures on the availability of Las Vegas Luxury apartments.

Las Vegas is popularly known for its world-class performances, fine dining as well as its perfect golf courses. All of these plus a lot more factors make up what this beautiful city of Las Vegas is now. Millions of visitors come to visit the place each year and become part of the thrilling and fun-filled atmosphere. This is the place where people can find the largest Luxury Hotels in the world. However, if you are among those who are looking for Las VegasLuxury apartments, the bright lights of the Strip will not be the mere purpose of your going to the city. Nothing to worry about that since Las Vegas includes a lot more to offer.

Most residents are fascinated with the quietness of the suburban areas located on the west as well as on the northwest sides of Las Vegas. Western communities, like Summerlin, comprise of ideal retirement communities, Las Vegas Luxury apartments and other residential Luxury Homes. The city of Las Vegas is much more than just casinos; there are several Luxury Houses that home buyers can choose from. It is also a place for galleries, antique stores, fine restaurants and of course stylish Las Vegas Luxury apartments.

Las Vegas takes pride of its Philharmonic orchestra which will definitely attract people especially those who are passionate about arts. Not only that, there are also theaters for opera and ballet performances. Museums are everywhere, namely:

• Nevada State Museum
• Las Vegas Art Museum
• Natural History Museum
• Lied Discovery Museum for children

In the midst of all these museums and other attractions, purchasers of Las Vegas Luxury Apartments will be amazed to find available properties in the surrounding areas.

Education is very much valued in the city as evidenced by the University of Nevada, a large university with more than 30,000 active students. This research university is located at Maryland Avenue where students who opt for off-campus housing can find an array of Las Vegas apartments availablefor rent. The neighborhood is ideally a short distance to the Strip, the famous Boulevard Mall as well as numerous golf courses.

Whether Homebuyers are seeking Las Vegas Luxury Apartments located near the Strip or in a golf course, they will definitely find their ideal places to stay. Options are even available in the western borders as well as near the campuses. There are actually hundreds of choices for Las Vegas Luxury apartments, people will just take their share of looking carefully based on their priorities.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

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Luxury High Rise Condos in Las Vegas

Las Vegas Luxury condos are no longer just confined in areas that are located in the Strip. However, most projects are found in downtown area making Las Vegas going in the vertical direction in the past years. There are severalcommunities in the place but complete neighborhoods are more preferable which means having complete amenities and other available services. Below are some choices that homebuyers may take interest in. These picks are made based on suitable location, ideal community amenities and priced reasonably.

• One Queensridge Place. This master planned community is located at Peccole Ranch which is next to Summerlin. One Queensridge Place creates a new and unique experience for condo living. It overlooks a golf course and is only a few minutes away from other courses.

• Sky Las Vegas. Ideally located in the popular Las Vegas Strip, Sky Las Vegas Condos bring breathtaking views of the city as well as the surrounding mountains. This community includes a variety of luxury amenities. It is also suitable for residents who love pets.

• Trump Towers. Trump International Hotel and Tower is originally planned to be a single tower. The famous Don is considering another tower which is on the making. Similar to other luxury projects of Trump, there were no expenses spared. The flooring are made of Italian marble with expensive appliances from Wolfe and Bosch. Additionally, every fully furnished room includes plasma flat TV and more. Trump Towers is condo and hotel in one.

• Palms Place. One of the hippest locations in Las Vegas, Palms Place values lifestyle more than just a residence. The place is a home to many celebrities. Situated in the Palms property, life in this community is always colorful. There are limitless things to do and enjoy.

• Park Towers. This particular community was developed during the rise condo’ popularity. It is situated in the remarkable Hughes center and is ideally near the Strip as well as close to the airport yet far enough for residents to escape the busy city life. The community prides in its offers of modern amenities, excellent security and favorable privacy for the residents.

There are other locations where homebuyers can find well-liked Las Vegas condos. If you are an interested buyer, you can check out for the places recommended above or you can make your own search. Remember to be careful of your choices as you also take extra care in looking at your budget as well as your priorities and other considerations. It also pays to listen to tips and suggestions of professionals in this field.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

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The Remarkable Investment on Las Vegas Luxury High Rise Condos

There is an incredible increase in Luxury Las Vegas High Rise condos in the recent updates in the Real Estate market of this famous city in Nevada. The famous Strip is particularly filled with these Luxury condos. Interestedhomebuyers may have the option of pre-constructed Luxury High Rise Condo through a local realtor. Seeking the help of a realtor will assure buyers of a unit after the completion of the construction. However, buyers may be confused of whether to buy a Las Vegas Luxury Home or a Las Vegas Luxury Condo unit.

Listed below are some reasons why Las Vegas Luxury High Rise Condos are worth of the homebuyers’ investment.

• City Life. A Luxury Las Vegas High Rise Condo will allow residents to live within or somewhere close to the city. This may also mean having access into all its conveniences – short walking distance to restaurants, festivals, shows and even on their workplace. One of Las Vegas Luxury High Rise condos may be the perfect match for their needs.

• No Grounds Maintenance. Landscaping may be discouraging to some residents. Living in Luxury condos will not require residents of maintenance on the yard as well as no landscaping duties. There will be no need of cutting grass or planting of flowers and shrubs. However, residents who take pleasure in doing things in the yard should carefully weigh these situations. Las Vegas Luxury High Rise Condos are suitable for indoors people.

• Size Preference – Purchasing a Las Vegas Luxury High Rise Condo gives homebuyers the opportunity to choose their preferred size. Sometimes these Las Vegas Luxury High Rise Condos have available sizes similar to a Home that may involve several bedrooms catering to small families. A local realtor may assist in searching for the high rise condo that will exactly suit the needs of the residents.

• Cost Sharing – High rise condos enable residents to share the expenses on keeping things such as roofing, heating, lawn care and several others. The total costs for these services are shared among all the owners. This means the costs of every family are reduced tremendously as credited to the sharing of costs. Furthermore, the total expenses per month also decrease allowing residents to save money in the same way that they have free time in doing other things that are not part of the Home ownership aspects.

• Pleasure on the Amenities – Choosing one of Las Vegas Luxury High Rise Condos offer residents more than just a place to call their Home. Condos usually come with all kinds of perks to take advantage of. Imagine a place that consists of a pool, a gym, a tennis court as well as other extras for the entire family. Another great thing about this is, residents do not need to pay or maintain these accommodations. After all, Las Vegas Luxury High Rise Condos are worth-considering.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

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Las Vegas Luxury Condo buyer’s checklist

When you buy a Luxury Las Vegas Condo you own what’s inside the walls of your unit—but the outside of those walls—are shared in ownership by the residents of the building in a cooperative that’s bound by contract. A cooperative can be an advantage, but depending on the property and your needs, you may have a lot to explore before making a Luxury Las Vegas Condo purchase.

Las Vegas Luxury Homes

To help get you started here’s a checklist of things to consider:

Check ALL the Rules

• Buying into an investment shared by all of the residents of the complex? If so, that relationship is grounded by Covenants, Conditions and Restrictions (CC&R). CC&Rs regulate just about everything in the complex, for example, whether you can have pets or whether you can paint your condo different colors. EveryLuxury Las Vegas Condo complex has a group to enforce CC&Rs, so be sure to review the document thoroughly before signing.

Check the Fees

• Luxury Las Vegas Condos tend to have Homeowners’ Association fees (HOA) every month. That money usually goes toward things like complex repairs and unexpected issues. Find out what the HOA specifically cover for the complex, sometimes it covers great amenities like a gym, swimming pool, common rooms, etc.

Check the Insurance

• Inquire the insurance policy from the Luxury Las Vegas Condo association. Technically you only own what’s considered “your air space,” if your unit suffers damage, and the complex isn’t adequately insured by the HOA. You might want additional insurance.

Check in with the Neighbors

• Don’t be afraid to ask your prospective neighbors about problems they’re having in the complex. They’ll be able to tell you how quickly maintenance issues are resolved, your expected level of privacy, and available parking patterns. There are countless questions to ask when determining whether or not Luxury Las Vegas Condo you’re looking at is right for you.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

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When should you sell your Las Vegas Luxury Home?

April, May and June are the best months to market your Las Vegas Luxury Home. If this time frame does not work for you, then the next preferred time would be the first quarter or the third quarter of the year. The fourth quarter should be avoided if at all possible. With the exception of 2009 when the Real Estate market was recovering from the crash in the stock market in Q4 of 2008, the second quarter has seen the highest selling price over list price (2007) and the highest  under ask price; 2010, 2011.

Las Vegas Luxury Homes

If you are considering selling your Las Vegas Luxury Home you should target Q2 of 2012. Essentially, you have two months from now to make your Las Vegas Luxury Home camera ready. The first two weeks of marketing are the most valuable for any property.

  Buyers still respond to fabulous finishes, so it pays to have a Realtorcome in now and tell you what to fix or change. Pay close attention to the after labor day, fall market as the properties that sell then will be instructional for you in terms of what buyers are responding to, they will also be the comparisons by which an appraiser will judge the value of your home. 

Call me for a free, detailed action plan and I will tailor a strategy for your particular property and the needs of you and your family.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

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Maneuvering the market for distressed Luxury Homes in Las Vegas – What do you need to know?

Although the short sale and foreclosure market is not for everyone, it is allowed many prospective Las Vegas Luxury Home buyers to come across opportunities that they may not have otherwise found. As an agent specializing in Las Vegas Luxury Homes, I’ve been able to gain extensive experience in both distressed and booming Housing markets. The process has given me significant insight into the best ways to conduct successful business in all temperatures of the Housing market. It’s allowed me to offer advice to potential Luxury Home buyers in a way that helps them understand the market, as well as teach them how to maneuver it like a professional Real Estate agent.

Las Vegas Luxury Homes

First (and foremost): I advise buyers to educate themselves about the local market in order to understand upward and downward trends, and issues that affect each community. The Real Estate market in one area or community may behave dramatically different than the neighboring one.

Second: It’s important to maneuver through the minutia that is involved. Buyers need to find the right Real Estate agent, and be diligent about reviewing the buying-side comparable sales by comparing apples for apples.

Third: Always advise with compassion. Las Vegas Luxury Homes Short sales and foreclosures are usually a symptom of very difficult times for sellers, even when it’s an act of strategic default. With that said, being honest and considerate is a must.  Understanding the emotional aspects and being sensitive to people’s feelings is a critical component of working with both buyers and sellers. To me, buying and selling Las Vegas Luxury Real Estate is more than a financial transaction, therefore everyone deserves to be treated with care and compassion.

Lastly: I recommend patience. Savings on a Las Vegas Luxury short sale or foreclosed Home can be significant, but they can also take an exorbitant amount of time compared to a traditional Real Estate transaction. Certain strategies can be employed which position a buyer to successfully target and purchase a distressed property in a neighborhood that otherwise they wouldn’t have been able to afford—or simply increase their purchasing power overall.

Inventory levels change frequently. 

For more information about Las Vegas short sales and foreclosure sales, inventory levels, or Las Vegas Luxury Real Estate , please click here or call 702-588-5858.

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