North Las Vegas Listing Activity Gets a Weekend Dose of Good News

Real estate offices have been gearing up for the imminent spring selling season, the time when North Las Vegas listings swell to meet the expected surge in buying activity. I sometimes put quotes around ‘selling season’ because so many factors go into home sales that it can be slightly misleading—we do sell homes all year long, after all!

But there is a lot of truth (and historical verification) to the idea that springtime brings a burst of new North Las Vegas listings and accompanying selling activity. There can be lots of reasons why that happens, but this past weekend, area homeowners who were reading The Wall Street Journal might have seen some extra reasons to hurry up and add their homes to the North Las Vegas listings.

Some of those reasons have to do with weather; some with the economy.

The front page of WSJ’s Weekend Edition headlined the first piece of long-awaited good news: “Job Rebound Eases Fears of Spring Stall.” It explained that Friday’s payroll numbers showed upticks despite the widespread harsh weather that should have knocked them down.

Most economists had been on the fence about whether the years-long weak economic recovery would continue. Even though the previous two months of slowing growth had been attributed to the ‘endless winter’ blanketing much of the nation, it wasn’t clear that underlying weakness wasn’t also present. But the sudden improvement in the job picture, even as the weather failed to lighten up, was an unexpected event—one that could “ease worries” about the likelihood of a fundamental slowdown. In fact, forecasters were beginning to project that the negative economic effects due to the unusual weather (estimated at a loss of 1%) may be more than restored when the sun returns. Spring conditions are now expected to add an additional 1.2% to second quarter growth.

Even a slight rise in the unemployment rate was greeted as hopeful news. What sounded like a negative turns out to be the opposite: more people were returning to the workforce, a sure sign that workers see jobs beginning to reappear. Jobs have always been tied to real estate listing and sales activity, so this year, the NAR’s website truism may be on the mark:

“Spring brings rain and flowers – and possibly extra green in the final sales price of your home.”

 

Andrea Gonzalez, Realtor® "Your Dedicated Realtor for Life"Realty One Group
5550 Painted Mirage Rd, Las Vegas, Nevada 89149Serving: Summerlin, Las Vegas and North Las Vegas
Direct: 702.485.7887Search For A Home: Las Vegas Online Search


It is always an honor to assist Home Buyers and Sellers with their Las Vegas Real Estate needs. If you are searching for Las Vegas Real Estate Listings, then I urge you to utilize the valuable tools on my VERY USER FRIENDLY WEBSITE. Most important, Write, Phone or Text Me with any questions.

North Las Vegas Home Loan Rate-Watchers Eye New Fed Leadership

On January 6, the Senate confirmed Janet Yellen to head the Federal Reserve’s Board of Governors, making it the first time ever that a woman has led the nation’s most important financial institution. In some respects, it makes her the most powerful woman in the United States.

As with every personnel change in the Fed, Yellen’s rise has fostered plenty of concerns about the direction the Federal Reserve will take under her leadership. Since it’s the institution that determines the federal funds rate—which in turn dictates how much businesses and individuals pay for their loans—any change in Federal Reserve policy has a significant impact on our North Las Vegas home loan rates. Sooner or later, those rates affect just about all of us. 

So, what clues do we have about the direction Ms. Yellen is likely to lean? One came just before the financial crisis. Before the financial meltdown, Yellen expressed concerned. In 2005 she is quoted as saying, “Analyses do indicate that house prices are abnormally high, that there is a “bubble" element, even accounting for factors that would support high house prices."

Last year was an excellent one for North Las Vegas real estate, yet according to the Standard & Poor’s Case-Shiller Index, national housing prices are still 20% off the peaks set in 2006. Research from real estate website Trulia shows that U.S. housing is still 4% undervalued (compared with a 39% overvaluation reached at the 2006 peak). Happily, Yellen, an early identifier of the previous housing bubble, has not expressed similar concerns about today’s real estate market. 

In 2012, the Federal Reserve’s previous leadership announced an unemployment threshold of 6.5% as the point at which it would consider raising interest rates. During Yellen’s first testimony as Chairman, she stated that the Federal open market committee would likely keep interest rates near zero well past that mark. In Yellen’s view, the “recovery in the labor market is far from complete.” As evidence, Yellen pointed to 7.1 million people who are mired in part time work but who would prefer full time jobs—and to the 3.6 million people who have been unemployed longer than six months.

For North Las Vegas home loan rate watchers concerned that a rise in rates might dent real estate values, the new Chairman has sounded some reassuring notes. In her recent address to the Committee on Financial Services, Yellen explicitly stated that she expects “a great deal of continuity in the FOMC’s approach to monetary policy.”  That could mean that interest rates for local home loans might gradually rise, it’s not likely to be precipitous.

The bottom line: dramatic rises in interest rates are unlikely under Yellen’s watch, but those considering getting a home loan who have not yet taken advantage of still low interest rates might do well to consider doing so.

Andrea Gonzalez, Realtor® "Your Dedicated Realtor for Life"Realty One Group
5550 Painted Mirage Rd, Las Vegas, Nevada 89149Serving: Summerlin, Las Vegas and North Las Vegas
Direct: 702.485.7887Search For A Home: Las Vegas Online Search


It is always an honor to assist Home Buyers and Sellers with their Las Vegas Real Estate needs. If you are searching for Las Vegas Real Estate Listings, then I urge you to utilize the valuable tools on my VERY USER FRIENDLY WEBSITE. Most important, Write, Phone or Text Me with any questions.

4001 TOPAZ HILLS DR North Las Vegas, NV 89032 5 beds, 3 baths, ASKING: $245,000

702.485-7887 | http://www.vipdreamhomes.com -| North Las Vegas Real Estate.

You can't get a home like this in North Las Vegas for such an affordable price! Asking $245,000, 5 Beds, 3 Baths. Have a look!

 VIEW More Properties Like This!

My site has the entire available inventory for North Las Vegas

CLICK ON PHOTO TO SEE MORE PHOTOS AND DETAILS

Listing Courtesy of Andrea Gonzalez, Realty One Group

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

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


Listing School Information:

• Jr. / Mid: Swainston Theron

• Elementary: Bruner Lucille*
• Sr. / High: Cheyenne

For more info or to set up a visit, act now! Andrea Gonzalez| Realty One Group| 702.485-7887
  

  **Although this home was available at time of posting, it may have offers or even an accepted contract by the time you see this ad. Call 702-485-7887 for current availability.

Beyond Comfort—Choosing Your North Las Vegas Realty Company

When it comes time to put your home on the market, one key early decision is which Nortth Las Vegas realty company will be your sales partner. Of course, you will choose someone you feel comfortable working with, but there are further hard-nosed criteria that can help guide your choice:

Experience in Our Market

There’s nothing wrong with giving a brand new real estate school graduate a try, but especially if it’s important to sell quickly, you’ll want to work with a professional with demonstrated local experience. For openers, those agents know more about the history and direction of home sales in North Las Vegas—they’ve been participants! That’s first-hand knowledge that will be vital in helping you arrive at a smart asking price. You’ll find that the experienced agents also have a smartphone loaded with the kind of established connections that help accelerate any sale.

But your agent isn’t a one-person show. A lot of hard work goes into selling a property—from creating the listing on MLS directories to maintaining a web experience and promoting your property through the maze of marketing channels. The Las Vegas realty company that’s your agent’s home base will determine the efficiency with which it all gets done.

Membership in the National Association of Realtors

One thing you will notice in your search for a realtycompany in North Las Vegas is that not all real estate agents are NAR members. Choosing an active member means working with a pro who is bound by the strict NAR Code of Ethics, who is also a member of the local Real Estate Board—with the accompanying connections and resources that bestows. 

Proven Track Record

It’s also a good idea to aim for an agent with a history representing properties in your price range. A Realtor whose experience is confined to homes sold at the $150-200K price point may never have dealt with luxury properties. If that’s your market, you will want an agent—and a North Las Vegas realty company—with that kind of track record.

Finding a North Las Vegas real estate agent to represent your home is just one of many steps that will lead to the successful sale of your property. I welcome the opportunity to meet to explore whether we are the right fit to get you top dollar for your home!

Andrea Gonzalez-Realty One Group| www.vipdreamhomes.com|email: vipdreamhomes@gmail.com| call/text 485-7887

Preparing for Multiple Offers on North Las Vegas Properties

Part of the recovery in our North Las Vegas real estate scene is the increasing likelihood of multiple offers on a listed property. This is every seller’s dream— but if you are one of the bidders, it’s important that you don’t allow it to become your nightmare.

There is one way— the only sure way—to keep the specter of competing North Las Vegas multiple offers from upsetting your home buying prospects. Summed up in one word, it’s “preparation.”

Preparation starts with assembling a strong financial package. If your target property attracts multiple offers, you want yours to stand out. By the time you learn that other offers are at hand, it’s probably already too late to begin putting together documents—they should be in hand before you even identify a property. Getting pre-approval for your loan, having a letter that says so, and being able to show you have funds available can be persuasive.

When it comes to making the offer itself, although including “Subject to” clauses will protect you from unforeseen problems with the property, when multiple offers are on the table, the fewer contingencies the better. Again, only preparation will make this reasonable. If you’ve had an advance home inspection, and also made sure that there aren’t any right-of-way or easement issues, your offer can be significantly more attractive.

Personal preparation can be another positive. Visiting the property on several occasions at different times of the day should give you added confidence for what the home is truly worth to you…and when the listing agent and owner can put a face to your offer, it tends to strengthen its validity.

When multiple offers on a North Las Vegas property occur, it’s possible that someone is going to bid more than the home is really worth. If you’ve done thorough research and know precisely what its value is in today’s market, that won’t be you. Having your bottom line number unshakably in mind means that in any bidding war, you’ll be able to sweeten your offer without hesitation. You can be creative, perhaps by offering to reduce the seller’s costs by picking up escrow fees, transfer fees or title policies; perhaps by offering the seller a few additional days to move without seeking financial compensation in return; perhaps by increasing the down payment or earnest money. When you know your bottom line, the arithmetic is uncomplicated (and your less-prepared competitors are more likely to throw up their hands!)

And then…should the bidding go over what you know it’s worth, you’ll be ready to walk away. There will be other properties to bid for – and I’m always here to help keep all your options open!   

Andrea Gonzalez-Buyers Agent Specialist with Realty One Group 702.485.7887|www.vipdreamhomes.com

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