Archive for July, 2005

Getting A Las Vegas Mortgage - Some Pointers

Sunday, July 10th, 2005

It can be daunting to get a Las Vegas Mortgage to those who are ignorant. But if you know the ins and out of the process and are prepared for it, the whole thing can be managed with some professional help and guidance from loan officers and real estate agents.

All kinds of firms are offering Las Vegas Mortgages these days - mortgage brokers, bankers, lenders, finance companies, credit unions, even stock brokerage firms.

Don’t start off by filling hundreds of Las Vegas Mortgage application forms in your quest for a Las Vegas home loan.

First, do your research. Learn about mortgage from websites, newspapers, books, seminars, real estate agents and bankers and mortgage brokers.

Second, clearly specify your requirements. How much loan do you need and very importantly how much can you afford to repay every month for the next 15-20 years with out straining your finances.

If you default on your Las Vegas mortgage payments you stand the chance of not only losing your property today but also you can mess up your future chances of ever getting Las Vegas home loan. Remember along with home mortgage payment comes other payments like home insurance, property taxes, municipal taxes, association fees and so on. Make a rough calculation on how much expense you will have compared to your income potential.

New Designs appeal to homebuyers

Thursday, July 7th, 2005

New floor plans featuring master bedroom on the ground floor have been
a great hit for new homes buyers of Rhodes homes. The homes coming up at
Montebello at Tuscany Residential Village in Henderson.

The floor plans known as Residence 2547 which is named after the square footage
of homes has the size and flexibility of two-story floor plan. People want the
master-bedroom on the first floor and the knowledge that extra space upstairs which could be put to use any time there’s a need for it.

All the homes in the neighborhood offer post-tension foundations, 8-foot raised-panel entry doors, concrete-tile roofs, wiring for security systems, and ceiling fans in all bedrooms, lofts, great rooms, dens and family rooms. There will be totally seven villages and 2000 homes in this community on its completion.

Las Vegas Guide to Real Estate

Tuesday, July 5th, 2005

Some Terms Explained:

What is Median Price?

The price at which half the homes sold were above and half the homes sold were below

What is Average Price?

The price resulting from adding up all the sales prices then dividing by the number of homes sold

What is DOM?

Days on Market, how many days it took to sell the home

What is SP/LP?

Selling price to listing price ratio

Master Planned Communities in Las Vegas

Saturday, July 2nd, 2005

Aliante

This is the Valley’s newest master planned community located in North Las Vegas, and it will be built on 1,905 acres in contrast Summerlin is a 22,500 acre community and Southern Highlands is 2,300 acres. The community will consist of 7,000 homes and 20,000 residents at the time of completion.

Del Webb, K B Homes, Pulte, D R Horton and Pardee Homes are all participating in this master planned community.

Anthem

A 4,755 acre community nestled high in the Black Mountains south of the city with outstanding views and world-class amenities is promoted by Del Webbb. Far removed from hustle and bustle of Las Vegas, Anthem is like a completely new world! Anthem three neighborhoods, Anthem Coventry, has around 1200 single family homes priced from the mid $200,000s to about the $550,000 range.

In Sun City Anthem, the Del Webb retirement community homes range from $225,000 to $600,000. Anthem Country Club is an exclusive guard gated private golf neighborhood of upper end homes and custom home lots. Price range of the lots range from $350,000 to $950,000 and homes from $395,000 to over $2,000,000.