New Year Resolutions For 2014 Las Vegas Homebuyers

Here we go again: Christmas is over and new 2014 is just around the corner!  We all love to make new year resolutions and setting new goals!. If you’re  planning to buy a Home or High Rise  Condo in Las Vegas come 2014, there are some New Year resolutions you’ll need to make: getting your credit and money matters in order, choosing the right real estate and mortgage lender and so on

Take a look at some that I suggest   to put on your top propriety list to make the very most out of your Home or High Rise Condo buying experience in 2014 :

1. Do your own reading If  you plan to close escrow on your property  in 2014, you’ll have plenty of documents to sign in the year to come. I encourage you to get out in front of all these commitments you make to others first  and foremost make critical commitment to yourself:

Read  everything !  Speak up for yourself, ask lots and lots  of questions !

Read. Depending on how many homes you view and how many offers you make before you find “the one,” you could end up being asked to review and acknowledge thousands of pages of disclosures and contracts over the coming months. Do yourself a huge favor that seems obvious but is harder than it sounds: read them.  All of them.

Even if you have made offers on several homes or condos   before, you do need to actually read the current offer before you sign it. Same goes for seller’s disclosures, inspection reports, HOA documents and loan closing paperwork. Keep in mind it can vary from state to state , especially in the markets like here in Las  Vegas we have lots out of state and foreign buyers Ask your agent to help you get documents via email, throughout the process, as early as possible before the deadline for signing them. You can read them at your convenience, without feeling pressured, in the comfort of your own home. This allows you to make a list of your questions and concerns and to send them to the appropriate parties to be addressed while there’s ample time.

Once you read and review documents, or even while you’re physically in a home or meeting with one of your agent or mortgage broker , make it a practice to speak up for yourself. Get into the habit of asking questions, even when you think they should be obvious, it’s ok to ask twice, if you don’t understand the answers you were given. Make sure all your concerns about   the deal are addressed before moving forward with the deal , be comfortable with all aspects of the transaction before you remove contingencies, rendering your deposit non-refundable.

Decide that in you’ll be an assertive advocate for your own interests and needs in the context of this transaction no matter what type of personality you  are !

2. Do your own math  Figure out your own monthly income and expenses, budget for what you can spend on housing every month without skimping on your savings and investing, and go into this home buying experience telling your professionals what you can afford. Don’t rely on others to do your math for you, no matter how much you hate math. Sit down and just do it. There’s a 90% chance it’ll be less painful and less time-consuming than you think. If it is an investment property or vacation home like we have a lot here in Vegas, especially in the High Rise Condos, make sure you know what your monthly expenses are and check out the rental rates to see what the return on your investment is especially if you are paying cash for the property

3. Take a long-term view. It is super tempting, especially when a market is rising as it is now , to try to hurry up and buy out of the fear of being priced out.  I meet more and more buyers take shortcuts in their planning process, counting on the rise in market values to make it easy for them to sell if they need to, in the short term. This is true in some cases , depending on the type of the property, however, given the costs of simply doing a real estate transaction, it’ll be difficult to sell and cover even transaction costs if you are forced to do it in the year or so following your purchase especially when we are talking about your primary residence

Buy a home or a condo based on:   how much space you’ll need,  what sort of property will work for your family where you’ll want to live, location-wise and what you’ll be able to afford for at least the next 5  years.

If you think any of these things will change significantly in that time frame, and you know how you’ll expect them to change, buy your home for what you’ll need at the end of that period. If you  have no idea how they’ll change, consider whether it’s sensible to buy at all – your agent and financial planner can help you make a decision based on your market and your personal life.

4. Ignore the noise. When it comes to  real estate , you’ll find that everyone has an opinion. Doesn’t  matter if they’ve never owned a home. Doesn’t matter if they live or own the property in  Las Vegas or if you know them or not. As soon as you  mention that you’re in the market for a home or condo,  you’ll find that  most  folks in your life will chime in and have something to say, regardless of whether you requested their opinion.

You might have certain people   in your life who know you well, who care about your best interests and whose opinions you respect, then of course there is nothing wrong with that. But here’s the deal – everyone who offers an opinion is not qualified to give it, many people  will attempt to spread their fear and cause you to second-guess your own plans out of their own personal traumas, dramas and poor past decision-making or – worse yet – out of their own views about you and how you might change if you move forward with becoming a  new home owner. My advice is to take in what’s helpful, benefit from others’ mistakes, and then ignore the rest. Take their opinions with a grain of salt.

5. Enjoy the ride. So many people brace themselves for tension, drama and upset before they buy a home. And you know what? They find it! It’s wise to expect the unexpected, commit to going with the flow, and build in cushions of time and money to all your estimates and expectations. That flexibility alone can help you to retain your sanity, and will make   the difference between the ability to close your transaction or not ,remember that not all transactions are created equal !!

Buying takes a long time, so deciding to enjoy it is to make a decision not to put your life on hold , but rather to flourish and thrive by gathering up the multitude of powerful takeaways you can find in the process such as getting to know the area  (on top of the home itself!).Make it fun !! Picking the right real estate professional is the big part of it so they can show how simple and fun it can be !!

So seize the moment , and make a resolution that if 2014 is going to be The Year of the Home for you, it’s going to be enjoyable, not just at the end – but throughout, come what may !!

Have a Happy New Year !! Cheers From Las Vegas !!

Where Are the most Expensive Luxury Homes in Las Vegas ?

Las Vegas is known as a world class entertainment capital of the world and home to business moguls,athletes and celebrities so no wonder that the Luxury real estate here features the most fine communities with Luxury Homes   that fit every taste and lifestyle of most discriminating buyers !! From master-planned guard gated  golf course communities of Summerlin and Green Valley/Henderson with Luxury Homes for Sale on elevated lots offering amazing views  and lake front luxurious estates with private docks at Lake Las Vegas to custom multi-acre private one of a kind compounds with it’s own heliports and stables  you can be sure that there is an exact peace of  luxurious peace of that is a perfect match !!

So where are the priciest ?? As a leading expert in Las Vegas Luxury Real Estate I put together the most current list of where the most expensive homes are today

The Finest Luxury Homes in Las Vegas by Neighborhood

The Ridges 

Named by Forbs Magasine as a top selling luxury home community The Ridges is located in the Summerlin area of Las Vegas Valley offers the most expensive home on the market today at $18.7 Million known as the J2 house and gets it’s name from the owners: architects John Klai II and John Sparer. This is designed and framed using the latest eco-conscious assemblage that significantly reduces all heating cooling and electrical cost for this 13,225 sq ft five bedroom,nine bath master peace of the new era luxury

Highest price property recently  sold in The Ridges – $6.95 Million

Summerlin is also is the home to TPC PGA golf course , Nevada Ballet Theater and the only off the Strip Luxurious High Rise One Queensridge Place

Tournament Hills

This Luxury Home 24-hour guard gated community in the heart  of Summerlin beautifully combines estate-style homes with PGA-caliber golf course TPC Summerlin Golf Course that is the host to Las Vegas Invitational.Tournament Hills lots feature stunning city and mountain views, combined with lushly transformed desert landscape in a country club golf atmosphere, makes it a pinnacle of luxury  Las Vegas residential living.

Highest priced property for sale is an exclusive 20,000 sq ft  European Estate on almost 2 acres  offered at $17.5 Million

Las Vegas Private Compounds

If you are looking to literally own a peace of Las Vegas Valley this properties are for you !! With literally no zoning restrictions,featuring helipads, stables,shooting ranges and multiple homes on the property private compounds on the East side of the valley is the place to be and are places that top entertainers and casino owners call home

Highest priced celebrity estate on almost 10 acres is offered at $16.5 Million

MacDonald Highlands

MacDonald Highlands is a prestigious Luxury  Home community is layered across the foothills that precede the Sloan Canyon National Conservation Area at the southern end of Las Vegas Valley and the part of city of Henderson close to the Henderson private airport as well as  to the Strip and McCarran International Airport. This 1,200 acres of pure Luxury Real Estate is the most lowest-density master planned development in Southern Nevada,offering spectacular luxury  Estate homes surrounded by private Dragon Ridge golf course with amazing elevation and views!

Highest priced property for sale is a 17,268 sq ft Estate on over 1 acre lot offered at $13.7 Million

Southern Highlands

In the South West part of Las Vegas valley Southern Highlands is a  prestigious guard gated Luxury Homes  neighborhood of Southern Highlands Golf Club,it stands on one of only four courses in the world co-designed by the late Robert Trent Sr. and his son Robert Trent Jr. It features extreme elevation changes,traditional design and beautiful water features that ranks it among the best in the country. Luxurious amenities include 13,000 sq. ft state of the are facility with pools, spa,state of the art fitness center and is a private “invitations only” club.

Highest priced property for sale is a 13,489 sq ft estate offered at $12 Million

For more information about all the exceptional neighborhoods and communities of Las Vegas Contact Me

 

Veer Towers- Las Vegas Top Selling High Rise Condos

Veer Towers High Rise Condos is a unique condo project in the heart of Las Vegas Strip and a part of the newest mega resort City Center. It’s unique design consists of two artfully  inclined 37-story silhouetted glass towers with approximately 335 residences each with modern loft like design and range from studios, deluxe studios to two and three bedroom floor plan layouts as well as penthouses with breathtaking Strip and City views

Amazing finishes include floor to ceiling windows,Bosh stainless appliances,European cabinets, and ultra modern bathroom finishes and fixtures. The buildings are one of the few Green-certified High Rise projects in Las Vegas and offers energy efficient clean living.

At the top of each tower are one of a kind amenities including gym, sun deck patio,infinity edge pool with amazing 360 views of the city and the Strip.

Another one of the best features is the location of the towers that offers immediate access to first class dining,shopping and entertainment both Chrystal Shops City Center and Aria Mega resort are at your front door as well as proximity to International Airport makes it the perfect for both investment or vacation properties

Interested ?? Take a look at Veer Towers Condos for Sale and contact us for special deal, incentives, floor plans and financing information

 

Amazing High Rise Condo on Las Vegas Strip !!


Helen Michel | Synergy Sotheby’s International Realty | (702) 884-6428
2700 Las Vegas Blvd S Unit 2009, Las Vegas, NV
Amazing High Rise Condo on the Srtip !! Views, views !!
2BR/3BA Condo
$2,700/month
Bedrooms 2
Bathrooms 3 full, 0 partial
Sq Footage 1,766
Parking None
Pet Policy No pets
Deposit $0

DESCRIPTION

AMAZING HIGH FLOORS CORNER STRIP VIEW CONDO: BIGGEST FLOOR PLAN IN THE BUILDING,CORNER UNIT WITH WRAP AROUND TERRACE OVERLOOKING LAS VEGAS STRIP !! COMPLETE WITH FLOOR TO CEILING WINDOWS, CUSTOM PAINT, GRANITE AND MARBLE FINISHES, STAINLESS STEEL APPLIANCES, CUSTOM CABINETS, WINDOW COVERINGS AND SO MUCH MORE !!MUST SEE VIEWS, VIEWS !!
see additional photos below
ADDITIONAL PHOTOS


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Contact info:
Helen Michel
Synergy Sotheby’s International Realty
(702) 884-6428

Posted: Jan 24, 2013, 8:04pm PST

Las Vegas Real Estate Market Update: Meridian Price Increases

Las Vegas Real Estate

The median price of resale homes in Las Vegas in November was $133,000. In 2011, the median price was $114,000. That means Las Vegas resale home market has increased by 16.6%. And while the resale market is improving so is the Las Vegas new home sales market. Las Vegas new homes sales are impressive with robust sales and increased prices. The median price of a new home is $219,285. That is the highest since March 2009. Last year the median price was $204,064 which is a 7.4% increase.
Usually this time of year which is a Holiday season we see a slow down in the new home sales market. The normal statistics would show a 50% drop in the sales for new homes, but no this year. There were 596 recorded new home sales in November. The last 4 months new home sales averaged 600 per month. That is a 39% increase over last year or 1,379 more sales. If December ends up around 600 that will end the year around 5,500 new home sales. 2012 will boost a 40% increase in sales of new homes.
With land being a major ingredient of pricing, the experts see a 10% increase in prices in 2013 as builders will pay more per acre for land. The increase in housing permits is an astounding 64% over last year. Never have we seen an increase that high.
As an example,Lennar ( one of the major home builders) bought 167 lots for $5.2 million in Northwest Las Vegas. They are on tract to purchase an additional 160 lots early next year. In some areas, land is selling for approximately $150,000 per acre which is up 10% – 20% from last year. Despite the increase in the median price of a new home, the monthly mortgage payment for a 3 bedroom home is still less than rent with the low interest rates.
Zillow reports that Las Vegas is #4 in the sellers market stats in the country. Simply stated that means low inventory, increasing prices, and less days on the market.
Las Vegas was one of 7 cities in the country that recorded positive monthly gains. Across the US home prices are back to the 2003 level for both the 10 city and 20 city composite studies provided by Case-Shiller.

Investors as well as regular home buyers are finding that now is the time to make the move to buy a home in Las Vegas.
Check out the available homes and condos with all the community information and pictures by visiting www.lasvegascondoworld.com .

Las Vegas High Rise Condos

High Rise Condos Las Vegas

High Rise Condos is a perfect lifestyle for those who are looking for luxurious hands free living with great amenities of a High Rise Condo at your fingertips and be in the middle of all Las Vegas Strip area has to offer: World Famous, dining, entertainment and shopping .High Rise condos vary from well appointed studios, fully furnished high rise condo hotels, Downtown New York-style High Rise Condo lofts to rooftop High Rise Condo penthouses with private elevators, pools/spa on rooftop garden patio there is definitely something for everyone !!
High Rise Condo penthouse
High Rise Condo penthouses :there is nothing more prestigious than a Las Vegas Luxury High Rise Condo Penthouse for the distinctive few who seek the very best that Las Vegas High Rise Condos have to offer! If you are looking for an ultimate High Rise Condo luxury experience,privacy,distinctive and perfectly executed High Rise Condo that offers space and magnificent views of the Strip,valley and surrounding mountain range this will be by far the perfect fit for you. Las Vegas Luxury High Rise Condo Penthouses are in the class of their own among High Rise Condos and vary by size,style,location and some are also available for a complete customized built-out many with plans and permits already executed.
High Rise Condo Hitel
High Rise Condo Hotels :high rise condos that double as hotel rooms and residents can enjoy all the amenities of a high-end hotel ( pool/spa,gym,24hr valet and concierge,room service, fine and casual dining and much more) without sacrificing regular high rise condo features such as full kitchens and laundry, although located within walking distance from major casinos those types of properties do not offer any gaming. These High Rise Condos come fully furnished , finished , professionally decorated and ready for immediate move-in.

The main benefit of owning this type of High Rise Condo is that whenever you are not actively living in it, you can easily rent your High Rise Condo out on overnight bases with in-house leasing program available to the owners of there high rise condos by partnering with major hotel chains that the projects carry. High Rise Condos vary by size from junior suites to penthouses depending on the project. It today’s market with High Rise Condo prices drastically dropping these kinds of High Rise Condos can be found priced very aggressively and make a perfect fit for an investment or vacation home.
In this High Rise Condo segment, there were 75 sales at an average of $207,663, or $311 per square foot. Signature at MGM Grand led with 50 High Rise Condo sales at an average price of $188,406.
Vice president of sales for the 1,282-unit Trump International High Rise Condo project on the Strip, said he’s seeing tremendous demand based on the Trump brand. He reported 17 closings in the past 90 days, or about one every five days.High Rise Condo buyers are coming from Canada, Asia and Australia, he said.
High Rise Condos in Las Vegas have a lot to offer as you can see so to help you to make the right decision here is the latest High Rise Condo market update :

The average sales price for 162 High Rise Condos sold in the second quarter was $285,936, or about $180 a square foot and that’s up from $265,338 in the last 180 days and up from $262,790 in the last 12 months ending in June, the second-quarter High Rise Condo market report showed.

The Martin High Rise Condo project, formerly known as Panorama North, paced the market with 29 High Rise Condo sales in the second quarter, including 11 one-bedroom and 18 two-bedroom. The average High Rise Condo price was $308,731. For the 12-month period, Allure Las Vegas High Rise had 132 total sales, including 87 High Rise Condos sold by the developer. The 41-story, 427-unit High Rise Condo tower at 200 W. Sahara Ave. is now sold out and all the High Rise Condos on the market are resale only.

“The High Rise Condo market in Vegas was pretty strong over the last year — stronger than in many cities — albeit at prices that averaged around $250 per square foot” said Alan Schachtman, senior vice president of Chicago-based developer Fifield Cos. That’s below replacement cost for new High Rise Condos product

As we are approaching the end of 2012 High Rise Condos Market is experiencing the decline in foreclosures and short sales that leads to best priced condos that come on the market not only to sell fast but receive multiple offers and in many cases sell above the list price which drives the prices up.
Also financing became available on the most High Rise Condos that opened up the market for those buyers that needed financing to make a purchase.
So if you are looking to purchase a High Rise Condo : the time in now !! Contact us for the best High Rise Condo deals on the market we know how to get them !!Also take a look at High Rise Condos FAQ to help you with everything you need to know before making a High Rise Condo purchase

Las Vegas High Rise Living at It’s Best :Fully Furnished Rooftop Penthouse in Las Vegas !!

322 Karen Ave Unit 4504, Las Vegas, NV

Rooftop fully furnished penthouse, bamboo flooring ,marble and granite finishes,amazing Strip and City views !!
3BR/2+1BA Condo
$4,500/month
Bedrooms 3
Bathrooms 2 full, 1 partial
Sq Footage 1,646
Parking 1 dedicated
Pet Policy No pets
Deposit $0

DESCRIPTION

Amazing top floor three bedroom fully furnished and professionally decorated penthouse, the best unit in the building !! Property is highly upgraded with bamboo flooring,granite and marble finishes, custom paint,huge wrap around terrace with breathtaking views of the Strip, city, golf course and mountains !!Must see, ready for immediate move-in !!
see additional photos below
RENTAL FEATURES

- Dining room - Living room - Walk-in closet
- Dishwasher - Dryer - Microwave
- Refrigerator - Stainless steel appliances - Stove/Oven
- Washer - Balcony, Deck, or Patio - Air conditioning
- Central heat - Cable-ready - High-speed internet
- Granite countertop - Hardwood floor - Jacuzzi/Whirlpool


COMMUNITY FEATURES

- Business center - Fitness center - Swimming pool
- Tennis court - Covered parking - Guest parking


ADDITIONAL PHOTOS


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Living Room

Kitchen

Hallway

Dining room

Master bedroom

Powder Room

Master Bathroom

Office/Guest Bedroom

Guest Bedroom

Guest Bathroom

Pool View

View From The Terrace

Concierge

Elevator Lobby

Tower Lobby

Tower Entrance

Turnberry Towers
Contact info:
Helen Michel
Synergy Sotheby’s International Realty
(702) 884-6428

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How to Price and Sell Your Home Quickly in Today’s Market

For Home Sellers in Las Vegas

Statistics show that even in today’s market 76 percent of homeowners believe their home is worth more than the list price recommended by their real estate agent.Let us see why is that happening ??

Well to be honest with you  buyers  are the ones that have a better grasp of current market value in the area where they’re looking to buy than do sellers who own and live there. Buyers look at a lot of new listings and do extensive research thanks to all the tools that they have now and Internet would be probably one of the main ones. So before they make offers they usually do quite a lot of homework, know what sells quickly and for how much, and what doesn’t and why. Even with foreclosure and short sales in decline, home buyers still think sellers are overpricing their homes.

Your home is worth what a buyer will pay for it given current market conditions bottom line  Sounds harsh but true and this may not be the same as your opinion of what your home will sell for, or what you hope it’s worth. Understandable that you have emotional attachment as well as financial, one that includes the upgrades made to the property over the years, however relying on those rather than logic when selecting a list price can lead to disappointing results and your property not selling.

So let us get to the facts and timing which is everything in real estate and life in general The prime opportunity for selling a home is when it’s new on the market. Consider it an equivalent of your homecoming  and this is when it is most marketable. Buyers wait for the new listings. Usually, listings receive the most showings and have the busiest open houses during the first couple of weeks they are on the market.

This is the opportunity to “show off your house “so you have to take full advantage with a list price that attracts buyers’ attention. Listings that sell today are priced right . Buyers today need to feel comfortable that they are getting a great deal. They won’t overpay if they feel home prices are still declining, and in some areas of the country, they still are like here in Las Vegas. At the same time Las Vegas experiences strong sales,and more often now we find buyers may shy away from multiple-offer situations if they feel the recovery is fragile and that prices may slide further before stabilizing.

HOME SELLING TIP: When selecting a list price, it helps to understand how real estate agents and appraisers establish an expected selling price or price range for your home. They research the recent listing inventory for homes similar to yours that sold. The most recent sales give the best indication of the direction of the market.

They analyze these comparable sales giving more value to your home for attributes that it has that the comparable don’t, like pool,lot size and major remodels and upgrades. Value is subtracted from your home for features it lacks when compared to the sold comparables, like an easily accessible, level backyard,pool and so on.

I know that it can be difficult for a seller to step back and take an attitude of detached interest in their home, but  it is crucial to do so if you want to sell successfully in this market. For example, your home could actually sell for less, not more, than a comparable sale because of such factors as number of bedrooms, lot size and having a pool which is essential in the markets like here in Las Vegas. So if  the comparable sale information suggests that the value of homes like yours is declining, select a list price that undercuts the competition to drive buyers — and eventually offers — to your home. You can take a more aggressive stance on pricing if the comparables show that prices are moving up.

If there is high demand for homes like yours, you may receive more than one offer. But don’t list too high or you will have no interest and showings at all that will quickly translate into no offers . It’s better to stay in the range shown by the comparables and expose the house to the market before accepting offers. The market will drive the price up if it’s warranted.

So to sum it up :do not  rely on rumors in the neighborhood about how high a home sold. Prices tend to get inflated when passed from one person to another. Select your list price based on hard facts and always choose a local Realtor and area expert, interview several if you have to do so, and find the perfect fit for you and it will  save you money and lots of frustration in a long run.I also strongly believe in marketing the trends have changed and on-line advertising, social media ( Facebook, Twitter) along with videos on YouTube are replacing direct mail and the colorful flyers we used to place in the property but it does not matter since marketing is marketing , also good pictures of the property are essential since don’t forget in lots of the markets , including us here in Las Vegas most of the buyers come from out of state or internationally and the first impression is everything !!

Do not hesitate to contact me direct at (702) 884-6428 if you are looking to sell you home or condo in Las Vegas or visit the for seller’s page on my web site www.lasvegascondoworld.com

Betting on Vegas Come Back ?? Put Your Money on Las Vegas High Rise Condos !!

las vegas high rise condos

Las Vegas High Rise Condos:the title of my post caught your attention and that is for all of those that were watching Las Vegas real estate market and all the downturns that we had here since the national real estate market took a major hit and yes we as attractive, fun and fabulous that we are took the biggest hit in all segments and that includes Condos and Luxury High Rise Condos

High Rise Condos in Las Vegas along with pretty much all the rest of our real estate were leading the way for sure in all aspects but as you all can see in all your respectful markets times are changing and market is taking a turn but it’s still a scary thought to put your money into something that has so much inventory and was originally such an investors market and still has a huge number of default loans !!

Well as I was told by a very prominent and successful real estate investor years ago : we buy when there is ” blood  on the streets” so to speak instead of jumping into the hottest market when everyone is buying just following the crowd, or using local Vegas terms it’s the way to know when to hold them and when to fold them !!

Ok all that said we are here now approaching the second half of 2012 and the question is where should I invest if my eyes are on Las Vegas Real Estate ?? My answer is, and I have been in Las Vegas Real Estate for a long time and saw it’s best and it’s darkest days: : High Rise Condos located on or close to The Strip !!

High Rise Condos ?? You will ask why them and it is a very good question so here we go :

In the heat of the real-estate boom, MGM Resorts International and Dubai World made an ill-fated bet that the Las Vegas real-estate and gambling market would stay strong for years to come, launching an $8.5 billion casino resort called City Center soon before the market turned. Well that is it folks and for a long run City Center is your newest and last development as far as High Rise Las Vegas developments are concerned by a simple reason that the construction costs plus the cost of the land in any Strip location is to high to justify any profitable development in today’s market so we are left with remaining inventory both new and resale and this one is thinning, the demand is there but the supply is not and we are talking about foreclosures that most of High Rise Condo Projects have none, NOD that I am watching closely are few and far in between and that should not sound strange since we have been at this down spiral for over 3 years and there is only limited amount of buildings vs single family home market.

That said all the developer owned  brand new High Rise Condo projects are responding to it and raising their pricing and also are offering financing at very competitive rates that adds the whole new set of buyers that were not able to enter high rise market due to lack of financing .And with all that we are seeing segnificant rise in sales and some of them are completely sold out and that was Allure Las Vegas just off the Strip at intersection of Sahara and Las Vegas Blvd and officilally closed the sales office January 2012.

So to sum it up and not to make my post too long : Las Vegas High Rise Condo market is already showing signs of good recovery and the prices are going up and show no signs of slowing down since high rise condos due to the location , amenities and hands free ownership makes in attractive to both US and International buyers !!

For more information visit Las Vegas High Rise Condos and hope you follow my blog since I will be posting more information about the hottest Las Vegas High Rise deals and projects as well as latest updates

Also feel free to join us on Facebook for all Las Vegas news and latest real estate updates

 

 

 

High Rise Condo Financing In Las Vegas

City Center Las Vegas Strip Area High Rise Condos

High Rise Condos Las Vegas Financing ?? High Rise Condos  seems like it is one of the most desirable pieces of  Las Vegas real estate : perfect location, amazing Strip and city views and hands-free ownership. So ,that said ,financing for High Rise Condos in Las Vegas question comes up a lot from my clients that want to know if it is available and if so more details about the terms and rates  ??

The answer is YES !!High Rise Condos Las Vegas do offer financing and that became available only in the last year, but there are limitations such as hotel-condo projects like Trump Las Vegas, MGM Signature, Palms Place and others since those high rise condo projects are most high risk as far as any bank or lending institution is concerned are showed the most significant drop in value in the down market.

High Rise Condos in Las Vegas is the he sector of the market that is the first one showing improvement and coming back up as far as showing the lowest number of foreclosures,short sales and default loans.Turnberry Place, Turnberry Towers, Sky Las Vegas, Allure Las Vegas, Panorama Towers, The Martin and Residences at City Center  just to name a few became the most sought out investment and second home,vacation property destinations.

Well, while  I am not trying to say that you can walk into your regular bank , credit union or any other financial institution that you do business with and get a High Rise Condo Financing , but it does exist from a list of a preferred lenders, depending on the project, and with relatively competitive rates of 4.75%-5.75% fixed 20 to 25% down given good credit history and how you take the title : primary or second residence.

Lots of Las Vegas Condo World clients and even investors opt of that vs paying cash for High Rise Condos and  that way they can leverage that even if is just a strait investment, rental rates will pretty much cover if not all but most of it, considering monthly HOA fees that come into play and are pretty high ( $0.45-$0.60 sq ft) depending on the project and condo sq ft)due to the amount of services and amenities offered and included.
International buyers need not to worry, lines of credit are for the most part available to you on High Rise Condos Las Vegas purchases in your home country at great rates and come in as cash into the US with very nice exchange rate nowadays,however if you still need it that is also available with much higher down payment !!
For more information on financing,projects,lender’s list ,special pricing and availability please feel free to contact me at  (702) 884-6428   or email at helenvmichel@gmail.com or visit  the web site