Will North Las Vegas Real Estate Values Extend Rises in 2014?

     If there is one question that homeowners and prospective shoppers have in common as we enter the New Year, it’s about the direction of North Las Vegas real estate values in 2014. Small wonder: the financial market meltdown of the last decade had such a profound impact on all forms of real estate that it still has many people looking nervously over their shoulders. How likely is another tumble in the coming 12 months? Will real estate values in North Las Vegas continue to rise? Knowing the answer could make a big difference to anyone planning to buy or sell a home in North Las Vegas this year.

Of course, absolute certainty on that score is not possible for anyone without a time machine in their basement. But, as we look back over last year, we might gain a little bit more confidence by hearing from the experts who got it right in 2013.

Foremost among them was Dr. Lawrence Yun, the chief economist of the National Association of Realtors^®. Last year, he was dead-on. 

Dr. Yun is calling for a continued rise in prices—pretty much in line with the past year’s gains. To compensate for expected mortgage interest rate gains—the likely effect of the Federal Reserve’s easing of policies that fueled 2013’s financial markets—he suspects that lending institutions will ease borrowing strictures. That’s something we can all applaud!

Overall, if North Las Vegas real estate values in 2014 follow the NAR’s national prognostications, we would expect real estate value increases either like the Wall Street Journal’s quoted prediction of 6%, or of Dr. Yun’s 5%. Either would not be surprising, given last year’s North Las Vegas real estate values numbers. What the NAR experts and the Journal also agree upon is a flattening of residential housing sales volume in line with 2013 levels.

How much credence can we give to what the seers predict? Perhaps a little more than usual. “The NAR forecast could be viewed as restrained in light of the housing market’s gains in the past two years,” says the Journal; and “…other 2014 forecasts are fairly close to Mr. Yun’s predictions.”   

So, if you looking to buy in North Las Vegas allow me to assist you with locating your dream home!  Andrea Gonzalez- VIP Realty Group| 702.485.7887| vipdreamhomes.com| website: http://vipdreamhomes.com  

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When Should an Inspector’s Report Prevent Buying a Home?

So, you’re nearing your goal of buying a home in North LasVegas! You have zeroed in on a property, submitted your offer, and heeded your agent’s advice and ordered a home inspection.  

Ok, soooo…what if the inspector finds major issues nobody expected? While most home inspections only uncover small problems that can be fixed easily, some do turn up serious issues. In 2013, 16% of Realtors^® reported sales that went off track due to the inspector’s findings. What’s your best course of action if that happens?

Buying a home after major problems have been identified should only proceed after you know how much time and money it will take to solve them. Whether you are dealing with foundation, roofing, electrical, HVAC or plumbing issues, call a few North Las Vegas companies that specialize in dealing with structural home repairs, and gather some free quotes. Depending on what you hear, you can then decide to move to modifying your offer or you can walk away and look for another home.

Your agent will be able to assist you in modifying the original offer to the seller. If the issues are truly major and expensive, you may need to negotiate back and forth with the seller to see what they are willing to do. Be prepared to make some concessions, and don’t get frustrated with the process. It may take some time to come to an agreement that satisfies both parties.

As everywhere, buying a home in North Las Vegas is peculiarly both a heavy-duty financial decision as well as one fraught with emotion. People can find themselves tempted to ignore thorny issues simply because they have fallen in love with the home. But since you could end up spending tens of thousands of dollars on repairs, it’s vital to isolate your emotions from the decision.

If the bids you’ve received are astronomical, it could be time to find a better house. But you needn’t despair. This is all part of the process of buying a North Las Vegas home—and a big part of why I’m here to help my clients.  If you’re buying a home this winter, I’ll look for your call!

 Andrea Gonzalez, VIP Realty Group

Don’t just choose a Real Estate Agent – Choose a Realtor For Life!

Find out what YOUR Las Vegas Home is worth in today's Las Vegas Real Estate market

call or text 702.485-7887

My Mission, Vision and Core Values Statements

  Over the weekend I took some time to consider an important aspect of my business.  It's finally completed! My mission, vision and core values statements.  I believe integrating these statements are imperative for "any" business.

MISSION STATEMENT:

We are dedicated to serving the real estate needs of our clients with the utmost professionalism, quality customer service and unfailing attention to detail. We strive to help our clients make successful real estate decisions and in the process prove worth of their trust and friendship, so that we may become a long term friend and adviser.

VISION STATEMENT:

To be a world class company in developing ideal investment opportunities and innovative real estate solutions, both locally and globally, that exceeds our client’s expectation

VALUES:

• Professionalism: All of our customers and clients (including friends and family) will be served in a professional manner.

• Honesty: Honesty is not just "the best policy", but our only policy, in all of our dealings and with all parties.

•  Expertise: We will always seek to provide the highest degree of professional expertise in all services rendered.

There you have it !  Andrea Gonzalez- VIP Realty Group! "Your Realtor for Life"
Need Help finding Your Las Vegas Dream Home?
Need Help Selling  Your Las Vegas Home?
http://www.vipdreamhomes.com

Buying an North Las Vegas Condo is a True Lifestyle Decision

Existing home sales rose nationally throughout 2013 – and included in those numbers were a good many condominiums. If 2014 will find you investigating the market for a new home, it may be time to give condo living a serious thought.  Buying a condo in North Las Vegas can provide many of the benefits of home ownership minus much of the worry that goes with keeping your property. Of course, whether buying a condo is the right housing solution depends on the buyer as well as the particular condo itself – but there are some generalities usually hold true.

Most condominiums include a variety of amenities for the owners. There may be an on-site fitness center, or a pool. Owners may also have access to a club room, or even other features that some of the larger upscale developments offer, such as on-site shopping, hair salons and concierge services.

Whether you call it an ‘amenity’ or not, never having to shovel snow, mow the lawn or worry about property upkeep is certainly welcomed by many. If you are buying a condo in North Las Vegas, you’re usually buying everything from the drywall inwards – the rest is owned by the development.

Those amenities don’t come for free. Typically, you’ll be required to make payments to the Homeowner’s Association, or HOA. These fees can be tiny or considerable: ranging from a couple hundred dollars a year to as much as four figures a month. The variation in those numbers make it mandatory to include the HOA fees in your budget when you’re shopping for a condo. Your savings on home insurance and property taxes can be given back in HOA fees.

Many people are drawn to condo living principally because of the accompanying worry-free lifestyle. You get your own living space, are free to modify it, and are working towards owning it rather than just paying rent. However, this lifestyle isn’t right for everyone: you sacrifice a degree of privacy, and don’t have your own yard.

The luxury of condo living will only be enjoyed if you’re comfortable with the lifestyle that goes with buying a condo. Then, if you do think you might be a buying a condo in North Las Vegas this winter, call me to review today’s best inventory!

Call Andrea Gonzalez @ VIP Realty group 702.485-7887 

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