Wednesday, May 09, 2012

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Luxury High Rise Condos in Las Vegas

Posted: 09 May 2012 06:52 AM PDT

Las Vegas Luxury condos are no longer just confined in areas that are located in the Strip. However, most projects are found in downtown area making Las Vegas going in the vertical direction in the past years. There are severalcommunities in the place but complete neighborhoods are more preferable which means having complete amenities and other available services. Below are some choices that homebuyers may take interest in. These picks are made based on suitable location, ideal community amenities and priced reasonably.

  • One Queensridge Place. This master planned community is located at Peccole Ranch which is next to Summerlin. One Queensridge Place creates a new and unique experience for condo living. It overlooks a golf course and is only a few minutes away from other courses.
  • Sky Las Vegas. Ideally located in the popular Las Vegas Strip, Sky Las Vegas Condos bring breathtaking views of the city as well as the surrounding mountains. This community includes a variety of luxury amenities. It is also suitable for residents who love pets.
  • Trump Towers. Trump International Hotel and Tower is originally planned to be a single tower. The famous Don is considering another tower which is on the making. Similar to other luxury projects of Trump, there were no expenses spared. The flooring are made of Italian marble with expensive appliances from Wolfe and Bosch. Additionally, every fully furnished room includes plasma flat TV and more. Trump Towers is condo and hotel in one.
  • Palms Place. One of the hippest locations in Las Vegas, Palms Place values lifestyle more than just a residence. The place is a home to many celebrities. Situated in the Palms property, life in this community is always colorful. There are limitless things to do and enjoy.
  • Park Towers. This particular community was developed during the rise condo' popularity. It is situated in the remarkable Hughes center and is ideally near the Strip as well as close to the airport yet far enough for residents to escape the busy city life. The community prides in its offers of modern amenities, excellent security and favorable privacy for the residents.

There are other locations where homebuyers can find well-liked Las Vegas condos. If you are an interested buyer, you can check out for the places recommended above or you can make your own search. Remember to be careful of your choices as you also take extra care in looking at your budget as well as your priorities and other considerations. It also pays to listen to tips and suggestions of professionals in this field.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

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Konami Buys Own Building in Hughes Park

Posted: 09 May 2012 05:24 AM PDT

LAS VEGAS-The gaming company is expanding in Vegas, and recently purchased its 114,500-square-foot development center here in the Hughes business park from CIP Real Estate.

List at 4.5%

Posted: 09 May 2012 01:08 AM PDT


Why would you want to list at 6% when you can list at 4.5% and get the maximum advertising for your property?  Call us at 702-684-7000

Santa <b>Henderson Real-estate</b> - Ideal Location For Real Estate <b>...</b>

Posted: 29 Apr 2012 04:24 PM PDT

Santa Henderson Real-estate – Ideal Location For Real Estate. 29 Apr 2012 by admin, Comments Off. Incredible beach, amazing temperature, and brilliant sunny sky all year round – they are some of the key terms that specify Santa Cruz.

Phoenix tops list of 10 turnaround markets

Posted: 09 May 2012 03:01 AM PDT

Realtor.com stats show Florida markets bouncing back

read more

How would like to list your home for 4.5%?

Posted: 09 May 2012 12:17 AM PDT

HOLY INVENTORY SHORTAGE BATMAN! WHAT NOW?

Posted: 08 May 2012 11:08 PM PDT

Catherine Cortes-Maesto, the very aggressive Nevada Attorney General is very proud of the new Nevada foreclosure law, AB 284.  She told a crowd of over 1000 eager Clark County Democrats at their recent convention that the law she fought so hard to get passed last year, has become a model for most states that allow non-judicial foreclosures (Deeds of Trust).  The law that went into effect on October 1, 2011, among other things, essentially requires any entity seeking to foreclose on a deed of trust, to physically possess the original "wet signed" documentation proving their right to foreclose in mediation.  After all, as 60 Minutes and other investigations revealed several years ago, the major banks and other institutions routinely fabricated, forged and otherwise faked their paperwork regularly without a thought of the legality, morality or the consequences.


http://tiny.cc/gx10dw


.Jay Rosen, Broker Since 1917 Realty 702-739-8820

email: Rosen1917@yahoo.com




 

Stalking

Posted: 08 May 2012 09:25 PM PDT


Unfortunately,crimes take place. Stalking is the number one crime against women. In order to combat this growing problem we have put together some tips to help decrease your chances of becoming a victim.

  • Stay alert to your surroundings. Remember to use Andrew's Five Second Rule (see below)
  • Change your daily patterns. Don't leave for work or come home from work at the same time everyday. Drive to and from work in different routes. Be unpredictable.
  • Be careful how you use social media. Do not post where you are and where you are going. This information makes it easy for a stalking to locate you.
  • Shop only during daylight hours and try not to shop alone.
  • Avoid overloading yourself with packages and stuff. It's important to have a clear sightline.
  • Beware of strangers approaching you for any reason.
  • Park in a well-lit space, and be sure to lock the car, close the windows, and take the keys with your when you leave. Do not park next to vehicles you cannot see inside of. Do not
    park next to walls or bushes where someone can hide.
  • Keep your car doors locked at all times.
  • At home, never open the door for someone you don't know.
  • Keep your garage door locked along with all dead bolts on your doors.
  • Have adequate motion detection lighting around the outside of your home.
  • When you leave your home, keep lights and a radio or TV on.
  • Always have your cell phone on you and charged.
  • Contact local Victim Services through your local Attorney General's office
If you find yourself a victim of stalking…
  1. Let your friends and family know what's going on.
  2. Get a private post office box.
  3. File a change-of-address card with the postal service.
  4. Obtain an unpublished and unlisted phone number.
  5. If your state has Caller ID, order Complete Blocking.
  6. Change your email address
  7. Keep a log of all incidents.
  8. Consider getting professional counseling.
  9. Make a police report. Consider getting a restraining order.
Above all, trust your instincts! 

10 things to know about mortgage debt forgiveness

Posted: 08 May 2012 09:24 PM PDT

By Stephen Fishman
Inman News®

Over the past several years, millions of homeowners have had billions of dollars in mortgage debt forgiven, either through foreclosure, refinancing or short sales. It's important for real estate professionals and homeowners to understand that mortgage debt forgiveness has significant tax consequences.

Here are 10 things the Internal Revenue Service says you should know about mortgage debt forgiveness:

1. Normally, when a lender forgives a debt -- that is, relieves the borrower from having to pay it back -- the amount of the debt is taxable income to the borrower. Thus, a homeowner who had $100,000 in mortgage debt forgiven through a short sale would have to pay income tax on that $100,000, as an example.
Fortunately, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude from your taxable income up to $2 million of debt forgiven on your principal residence from 2007 through 2012. This means you don't have to pay income tax on the forgiven debt.
2. The limit is $1 million for a married person filing a separate return. 
3. You may exclude from your taxable income debt reduced through mortgage restructuring, as well as mortgage debt forgiven in a foreclosure. 
4. To qualify, the debt must have been used to buy, build or substantially improve your principal residence and be secured by that residence.
5. The Mortgage Forgiveness Debt Relief Act applies to home improvement mortgages you take out to substantially improve your principal residence -- that is, they also qualify for the exclusion.
6. Second or third mortgages you used for purposes other than home improvement -- for example, to pay off credit card debt -- do not qualify for the exclusion.
7. If you qualify, claim the special exclusion by filling out Form 982: Reduction of Tax Attributes Due to Discharge of Indebtedness , and attach it to your federal income tax return for the tax year in which the debt was forgiven.
8. Debt forgiven on second homes, rental property, business property, credit cards or car loans does not qualify for the tax-relief provision. In some cases, however, other tax-relief provisions -- such as bankruptcy -- may be applicable. IRS Form 982 provides more details about these provisions. 
9. If your debt is reduced or eliminated, you normally will receive a year-end statement, Form 1099-C: Cancellation of Debt, from your lender. By law, this form must show the amount of debt forgiven and the fair market value of any property foreclosed.
10. Examine the Form 1099-C carefully. Notify the lender immediately if any of the information shown is incorrect. You should pay particular attention to the amount of debt forgiven in Box 2 as well as the value listed for your home in Box 7.

The IRS has created a highly useful Interactive Tax Assistant on its website that you can use to determine if your canceled debt is taxable. The tax assistant tool takes you through a series of questions and provides you with responses to tax law questions.

For more information about the Mortgage Forgiveness Debt Relief Act of 2007, see IRS Publication 4681: Canceled Debts, Foreclosures, Repossessions and Abandonments. You can get it from the IRS website at irs.gov. 

The New World of Light

Posted: 08 May 2012 09:23 PM PDT

If you've been shopping for a light bulb lately, you've probably seen the new packaging and labeling required by the federal government beginning this year. And, you've probably been confused or unable to find the exact bulb you're replacing.

Here's why: in 2007, Congress passed a law that created new standards for light bulbs based on the amount of light produced for energy consumed - standards which traditional incandescent bulbs are unable to meet. The law requires all light bulbs to use 30 percent less energy than traditional incandescent bulbs by 2012 to 2014. The phase-out started with 100-watt bulbs beginning in January 2012 and will end with 40-watt bulbs sold starting in January 2014. In short, the light bulbs you've been buying for decades will no longer be manufactured or sold. 

There are many types of incandescent bulbs that are exempt from this law, such as specialty bulbs for appliances, candelabras, globes and 3-way bulbs. Those will still be available as traditional incandescents. 

Reading the New Labels

The first thing you may notice when shopping for bulbs is that the terms "watts" is gone. In its place, we are shopping based on "lumens." Lumens measure how much light the bulb produces, how bright it is. More lumens means it's a brighter light; fewer lumens means it's a dimmer light. What you will not see is any kind of conversion from traditional incandescent watts to lumens, so here is a reference guide to convert what you're replacing to the new lingo:
100W incandescent bulb = about 1600 lumens
75Wincandescent bulb = about 1100 lumens
60W incandescent bulb = about 800 lumens
40W incandescent bulb = about 450 lumens

The label on the front of the package emphasizes the bulb's brightness as measured in lumens, rather than a measurement of watts. The new front-of-package labels also will include the estimated yearly energy cost for the particular type of bulb.

The back of each package of light bulbs now have a "Lighting Facts" label modeled after the "Nutrition Facts" label that is currently on food packages. The Lighting Facts label provides information about:

  • brightness;
  • energy cost;
  • the bulb's life expectancy;
  • light appearance (for example, if the bulb provides "warm" or "cool" light);
  • wattage (the amount of energy the bulb uses); and
  • whether the bulb contains mercury.

One of the biggest complaints about CFL bulbs has been the color or quality of the light. If you were used to buying "soft white" incandescent bulbs, for example, you will no longer find that term on the new packaging. In its place is an indication of the  temperature of the light, measured in degrees Kelvin (K). While most energy efficient bulbs come in "warm" colors to match the yellowish light of incandescent bulbs, you can also choose "cooler" colors with whiter and bluish hues for reading and task lighting. 

For warmer color (formerly soft white) look for 2700–3000K, 3500–4100K gives a bright white light and 5000–6500K is bluer and most like daylight.

For more information, go to www.energysavers.gov/lighting. The site includes Frequently Asked Questions addressing topics such as lighting choices, the new law standards, lumens and mercury.

Do i need a home inspector or an engineer?

Posted: 08 May 2012 09:10 PM PDT

I ALWAYS recommend a home inspection when purchasing any property.

Deciding whether or not to hire a professional home inspector or engineer or conduct a careful examination yourself is an essential step before purchasing a house.

It is typically highly recommended that a homebuyer employ the services of a home inspector or engineer before purchasing a home. The option to have a home inspection conducted is usually written into the offer to buy the house, and the sale of the house is contingent on a suitable inspection. This means that the buyer can get out of the contract at no cost if a home inspection reveals anything disagreeable.

In deciding whether or not to employ a home inspector or engineer, several factors should be considered. First, consider the house you have contracted to purchase. If the house is new, the need for inspection by a professional is greatly decreased. Home inspectors and engineers can often detect faulty construction work, but are probably more useful in finding defects caused by age and wear and tear. If you are buying a new house directly from the builder, the builder typically warrants the construction of the house for a certain period of time. The house has not been lived in, and the materials are new. Therefore, the professional home inspector or engineer will be used more to detect problems that might arise in the future, rather than to note problems that are already in existence. The speculative nature of the inspection of a new home makes a professional home inspection less necessary than when purchasing an older home.

If you are purchasing a home that is not considered new construction, it will probably be beneficial to hire a home inspector or engineer. The inspection of an older home will typically reveal any current defects in the home that you may not notice by simply walking through the house with a real estate agent. Termite damage, water drainage problems, foundation defects, and roof problems are simply a few of the areas that a good home inspector will evaluate. While these issues are not readily discoverable in new homes, older homes often give several clues concerning such problems that a quality home inspector or engineer will likely be able to assess.

Another factor to consider in deciding whether or not to hire a home inspector or engineer prior to the purchase of a home is your own experience in home maintenance and repair. If you have previously owned a home, you may be able to walk through a house and perform your own home inspection. You may recognize problems with the house, or the lack thereof, from you own education and experience. If you feel that you are able to conduct an inspection of the house that makes you feel comfortable with the purchase, it will not be necessary to hire a home inspector.

Another factor to consider is that of impulse. If you have reached the stage in the home buying process that you are considering hiring a home inspector or engineer, it is likely that you have found a house that you like. You have been to the house and believe that it will be acceptable. While this is a feeling that is desired before you purchase a home, it may negatively influence your personal ability to conduct a quality home inspection. Typically, when you like something, you tend to accentuate its positive attributes while minimizing the problems. The professional home inspector or engineer will give a trained, third party evaluation of the home you are considering for purchase. Emotion should not play a role in inspection and evaluation of the defects in the home. This might be the most important reason to have an independent home inspector or engineer evaluate a home before making your purchase.

The final consideration in deciding to hire a home inspector or engineer prior to purchasing the home is the purpose for which you are buying the property. If you have selected a home that you intend to be a reliable and dependable home for yourself and your family, you will likely want to consult a professional concerning the quality of the home. If you are purchasing a second home or purchasing a home to fix up for investment purposes, you may feel less need to hire a professional home inspector. You might even enter into the purchase knowing that the home has many problems that you intend to fix.

In deciding whether to hire a home inspector or an engineer, your own personal comfort level is a key consideration. The requirements to become a certified home inspector vary from jurisdiction to jurisdiction. The training required to attain certification can often be completed in less than one month. Some inspectors may have never built a house, while others may have very little experience in conducting inspections. However, many home inspectors are retired construction workers or contractors, and do provide quality services to their clients. Should you decide to have an inspection conducted by a home inspector, you may wish to consult your friends or colleagues for a referral to a reputable home inspector.

Engineers generally have more formal education than home inspectors and may be able to determine more structural defects in a house than a home inspector. Structural engineers may not be as helpful in locating plumbing or electrical problems as home inspectors, however. Again, if you decide to conduct a professional home inspection with an engineer, it may be beneficial to seek a referral from someone you know and trust.

Email me at mfleysher@gmail.com or call me at 702-291-8186 for more information regarding the market. 

Does My Remodel Require a Permit?

Posted: 08 May 2012 09:09 PM PDT

Many homeowners choose to do home improvement projects themselves, depending on the work involved and their individual skills. Before picking up that hammer or measuring that window, be sure to ask yourself, "Does this project require a permit?"

A building permit is intended to ensure that construction is performed according to building codes, which help ensure structures will be built right, will be safe, and will last. Property insurers may not cover work done without permits and inspections. And, if you decide to sell a home that has had modifications without a permit, you may be required to tear down the addition, leave it unoccupied, or make costly repairs.

Permits and inspections are required for construction or remodeling work that may impact the health and safety of a building's occupants. Work that involves an alteration to a building's electrical, plumbing or mechanical system, or remodeling work that may change the structural integrity of a room or building generally requires a related permit. Examples of home improvement projects requiring permits include:

  • Room Additions (bedrooms, bathrooms, family rooms, garage conversions, etc.)
  • Residential work (decks, garages, fences, block walls, fireplaces, pools, water heaters, etc.)
  • Renovations (kitchen expansions, re-roofing, etc.)
  • Electrical systems
  • Plumbing systems
  • HVAC (heating, ventilating, and air conditioning systems)

Home improvement projects that are maintenance or cosmetic in nature generally do not require permits, such as: 

  • Painting & wallpapering
  • Replacing existing doors & windows
  • Clearing stoppages or repairing leaks without altering existing plumbing
  • Replacing lighting or plumbing fixtures
  • Replacing floor covering, cabinets, molding
  • Replacing standard kitchen appliances (but water heaters and water softeners do require a permit)

To obtain a permit, you must own and occupy the home where you plan to do the work. Work on a home that's being sold, leased or rented must be done by a licensed contractor. A homeowner also may obtain the permit and hire a licensed contractor to do the construction work or installation, but remember, it is the responsibility of the person obtaining the permit to ensure the work meets code.

To learn more about when permits are required and how to get them, contact Clark County Development Services at (702) 455-3000 or http://dsnet.co.clark.nv.us/dsweb. 

2011 Sales Recap

Posted: 08 May 2012 09:08 PM PDT

Single Family Home Sales




Single Family Homes New Listings by Quarter 



Single Family Homes Under Contract by Quarter



Single Family Homes Median Price by Quarter


Email me at mfleysher@gmail.com or call me at 702-291-8186 for more information regarding the market. 

Five Ways To Prepare To Buy A Home

Posted: 08 May 2012 09:07 PM PDT

Like my new Facebook Page!!  

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Investing 101:

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Did you resolve that 2012 is the year you own your own home? Making this type of purchase requires a lot of planning. Realtor® Robin Jones of Norfolk, NE gives some first steps on getting ready to be a homeowner:

As promised, my next few posts will be about how to prepare to buy a home. Today we're starting with what you'll need to do one year out to start getting ready. No surprises…it's all about credit.

1. Review your credit report. You can get free copies of your report from Equifax, Experian and TransUnion at AnnualCreditReport.com. It's important to get all three because some may show different things than others. Look carefully for errors. It's up to you to make sure they're removed. They affect your interest rate and your ability to get a home loan.

2. Check your credit score. Your credit score affects the rates and terms of your loan. Most mortgage lenders use FICO credit scores. Get yours at My FICO. Improve your credit score by paying all bills on time and paying down credit cards and revolving debt. Don't open or close any new accounts once you decide to buy a home.

3. Reduce debt. Get rid high balance credit cards, store charge cards, payday loans. Not only will these make it harder for you to get a home loan, they should also be a wake up call to get your spending under control.

4. Save! Change your spending habits. Cut out luxuries you don't need. Even a change jar can add up to hundreds of dollars in no time.

5. Switch to automatic bill pay on all your bills that offer that option. Late payments drastically drop your credit score so take advantage of automatic bill pay wherever you can.

Click here to read more blog posts by Robin Jones.

[The four-bedroom home shown above in Norfolk, Nebraska is listed for $199,999 and is on nearly 20 acres of land.] 

20 Hot Tips for Energy Efficiency

Posted: 08 May 2012 09:05 PM PDT

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Natural gas is a good solution for many comforts of home: heating, cooking and using hot water. But in the winter months, bills can add up as we crank up the thermostat while still using all of our other gas-fueled appliances. Here are some tips to help conserve energy and increase efficiency, which may help in keeping costs down. 

Furnace

The number one money saver here is a programmable thermostat. According to ENERGY STAR, the average household spends more than $2,200 a year on energy bills - nearly half of which goes to heating and cooling. Homeowners can save about $180 a year by properly setting their programmable thermostats and maintaining those settings. Click here for information about purchasing a programmable thermostat, including the recommended settings. 

Other tips for reducing your heating bill:

  • Set the thermostat between 65 and 68 degrees (health permitting!) and wrap up in a throw or sweater.
  • Keep air vents and registers clean and unobstructed by furniture or draperies.
  • Close vents in unused rooms.
  • On sunny days, use the sun to help warm the home by opening up curtain and blinds.
  • Have your furnace serviced annually by a qualified contractor to ensure maximum energy efficiency. Southwest Gas maintains a list of licensed contractors, or call 1-800-654-2765 for a referral.

Oven and Stove

  • Bring water to a boil with the lid on the pan to speed cooking time.
  • Make sure the pan fits the burner to increase energy absorption, reducing the       amount of heat lost.
  • When baking or roasting, use glass or ceramic pans. You can turn down the oven temperature about 25 degrees and foods will cook just as quickly.
  • Use the oven light to check on the roast or cake; each time you open the oven door, the oven loses about 20 percent of its heat.

Water Heater

  • Set the water heater thermostat at the lowest temperature that still provides sufficient hot water. Southwest Gas recommends 120°F for most households.       (If you have a dishwasher, check to see if you can use 120°F water. Follow the manufacturer's directions.)
  • Replace showerheads and faucets with efficient, low-flow models.
  • Wash clothes using cold or warm water, and rinse them in cold water. (Most washing machines have a setting for this option.)
  • Only use dishwashers and washing machines for full loads.
  • Every time you use the "rinse hold" setting on the dishwasher it uses up to seven gallons of hot water, so only use this feature when absolutely necessary.

Clothes Dryer

  • Don't put clothes in the dryer that don't need it. Check the garment's label and       line dry when directed by the manufacturer.
  • Lighter materials that dry quickly may also be line or air dried; install wall-mounted collapsible dryer racks or use a free-standing rack.
  • Separate lightweight clothes and heavier items (like sweatshirts and towels) for more energy-efficient drying.
  • Remove and clean the lint filter in between loads to help the clothes dry faster, therefore increasing efficiency.
  • Periodically remove any buildup of lint and dust from the dryer exhaust, the back of the dryer, and behind the lint screen.

For more tips on increasing energy efficiency in your home, visit www.energystar.gov. 

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