This week we have 2 clients that purchased homes get appraisal "waivers." Why would this happen? Should I waive my appraisal as the buyer? An appraisal waiver is when the lender reviews the contract, down payment, buyers credit score, and based on the figures concludes that the homes sale price is appropriate. Just because a lender waives the appraisal, this does Continue Reading
Las Vegas real estate - Page 2
Renting vs Buying
One of the main reasons to buy in Las Vegas right now (August 2020) is because the cost of buying is so good right now. Interest rates are at an all time low. Harvey explains in this video about this article he read from Fidelity that reviews this formula; if you take your annual rent, divide it by the price of a home purchase, if that number is less than 20, then you should buy. If the number is Continue Reading
Weekly updates on Southern Nevada Housing Market -07/23/2020
Inventory continues to shrink this week we went down 5,193 single family homes available on the market. We put another 876 homes in escrow and that went up by 23 from the prior week. We closed on escrow 695 that is up by 38 homes and 150 homes were withdrawn from the MLS and it is down from last week. That is a small number nothing unusual anywhere from two hundred is pretty much normal at any Continue Reading
Weekly updates on Southern Nevada Housing Market -07/02/2020
They stop manufacturing R-22 units back in 2010 and no longer allowed to manufacture nor reproduce it. But you can still use it for HVAC units there is a lot of misinformation going around the industry that if you have an older unit that has that R-22 you need to get it replaced as soon as possible. You can actually use R-22 in a unit for the next 10 years. So there is really no rush, EPA said Continue Reading
Weekly updates on Southern Nevada Housing Market -06/25/2020
Let’s talk about what will be happen in the next couple of weeks or months in terms of mortgages as people are coming out of this pandemic. We think it is important for our consumers what would be doable and what would not. If you were furloughed and unable to go to work and do your job, whether you were paid or not or unemployment those things are not relevant. You are giving the title of being Continue Reading
5326 Golden Gossamer St. Las Vegas, NV 89149
Check out this fabulous house in the Northwest! Highlights: -Gated Community -5 Car Garage - RV Parking -Swimming Spa -3,667 SF -.43 acre Please contact Shelley Brown (702) 596-6330 for more information! 5326 Golden Gossamer St. Las Vegas, NV 89149. Continue Reading
Weekly updates on Southern Nevada Housing Market -06/11/2020
Here are the stats for last week and this is just single-family residence, currently available we have 6,056 and the week before that we had 6,241 that has come down a bit. In the last seven days we put 821 in escrow and it went up from the prior week by 81. The number of closed went down a bit last week we close 416 homes and the for the withdrawn there was 190 this category fluctuates Continue Reading
Weekly updates on Southern Nevada Housing Market -04/02/2020
First is that your tax return are not due on April 15th, 2020, your tax return will now be July 15th 2020 and if you do not have it done by July you can put an extension until October 15th, 2020. To go along with that if you are required to make the estimated tax payments this will be a little confusing, your first estimated tax payment is due July 15th and your second estimated tax Continue Reading
Weekly updates on Southern Nevada Housing Market -05/07/2020
Homeowners are wondering on what is going on with home mortgages. Right now, mortgage rates are really good it also depending on how much money you are willing to put down, credit scores and etcetera. Because of the Corona virus situation, the mortgage market with the GFC (government sponsored entities) like Freddy Mac, Ginnie Mae these are the mortgage securities and they buy up loans Continue Reading
Weekly updates on Southern Nevada Housing Market -04/09/2020
Let’s talk about mortgages, Harvey’s clients are calling him asking questions on what is going on with rates? Right now, we are at a good place with interest rates they are very attractive, and we are at a very low level and far lower than what we were a year ago in interest rates. It is interesting on what the federal reserve is doing they are really supporting the bond market for Continue Reading
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