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Broker | Broker View - A Las Vegas Real Estate Blog

Thursday, May 17, 2018   /   by Geoffrey Zahler

Online Offer Companies vs. Traditional Sales - A Deeper Dive

Hi everyone,
On Today's episode of #ZPLive (https://youtu.be/qo42rRBzvx4) we discussed a Case Study discussing selling your home to one of the large online home buyers vs selling the home through a traditional manner.  Many people have seen commercials for OfferPad, OpenDoor and now, Zillow, to BUY your home for you and you can close at your convenience.  But, does the convenience offset the price?  Read on...
The Situation
I took my home, located in Las Vegas, and entered details onto one of the large website companies (not going to name names - hint, I did let it slip which one on the video above).  I entered all my information, including all the upgrades and dates they were done, and even submitted some pictures.  Within about 12 hours, I received my offer.
I then had 2 agents that are UNRELATED to me and had them provide me an anticipated List Price, anticipated Sales Price, How long they thought it would take to list, sell and close my sale, and most ir ...

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  las vegas, real estate, real estate broker, predictions

Monday, April 2, 2018   /   by Geoffrey Zahler

What you Need to Know about buying a home in 2018

Hi folks,
We are getting a lot of questions on the home buying process and how things are in the Las Vegas Market in 2018, so I figured a quick blog would be a great idea.  As always, this is a stream of consciousness, and should be used as a good starting point.  If you have further questions, you can reach us at: GSZ@ZahlerProperties.com or 702-903-2735.
The Las Vegas Market - A 2018 Outlook for Buyers
The market here in Las Vegas is one of the hottest markets in the country.  Depending on the source, or the article, we are ranked anywhere from #1 to the #5 top markets to expect in 2018, but that doesn't mean you've missed your opportunity to purchase.  It just means there should be a little more preparation before you jump head first into the market.
Interest Rates:
If you're going to get a mortgage, and most people do, prepare to see a rate a little higher than you have been hearing on the news, or from Friends.  Interest Rates have been steadily increZ ...

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  broker, las vegas, real estate, real estate broker, zahler properties

Wednesday, December 20, 2017   /   by Geoffrey Zahler

(BOLD) Predictions for 2018 - From Zahler Properties

It's that time of year... to make bold, bodacious, easy, and crazy predictions for 2018.  These are taken from the Facebook Live we did on 12/20/2018.  Want to watch the video instead... I won't take offense: 2018 Bold Predictions - FB Live Video
Las Vegas Market Statistics Predictions:
Closed Sales
For 2016, there were a total of 41,107 units (single family, multi-family, townhomes, condos) sold!
For 2017, through 11 months, we are already at 41,141
For 2018 - I am predicting 49,000 units sold!
Median Days on Market
In 2017, we are sitting currently at 15 Days on Market
I think 2018 will be slightly slower, but still predicting the Median Days on Market to be 18 Days
Dollar Volume
This is for the Total amount of all sales recorded through the MLS
In 2017 we are on pace for just under $12,000,000 (That's 12 Billion)
For 2018, I anticipate us hitting a mark of $13,250,000! (13.25 Billion Dollars)
Median Sales Price for All Units (including Townhomes, Condos, f ...

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  broker, las vegas, listing your home, real estate, real estate broker, selling, zahler properties, summerlin, predictions

Wednesday, December 13, 2017   /   by Geoffrey Zahler

Tax Reform Bill - Do You really need to wait 5 Years?

Hi all,
We just did a "ZP" Live on Facebook that covers this topic, so if you want to hear me ramble on camera - check out the YouTube Channel and the link here: ZPLive Episode 21 - Tax Reform Bill
**Disclaimer: I'm not a tax professional - you'll hear me say this a ton in the video and below**
So - Taxes - no one likes to pay them, and everyone is afraid of them now, but realistically, even if the Tax Reform is passed, it may not have the same impact on us here in the Las Vegas area as it does in other high cost areas.
Current Situation:
Currently, if you live in your home as a Primary Residence for 2 of the last 5 years, when it's time to sell, you will be able to sell and NOT pay any taxes on your Capital Gains, up to $250,000 of gains for a Single Filer, or $500,000 if you're married and file jointly.  That's not the TAX break, that's the amount of gains you would be protected from.  For instance, with very simple math, if you bought a home for $500,000 and soldr ...

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  broker, las vegas, listing your home, real estate, real estate broker, selling, zahler properties, summerlin, tax reform bill

Tuesday, December 12, 2017   /   by Geoffrey Zahler

November Statistics - Greater Las Vegas Association of Realtors

Happy Tuesday!
Wanted to update everyone on the stats for the market in our Greater Las Vegas Association of Realtors (GLVAR).  All stats reflect data as of the end of November, and when referencing change, we are referencing the 12 month period of November 16 - November 17.  Each data point is also a rolling 6 month number.
Median Sales Price: $243,000 - ALL Property Types - Up 13.0%
Median Sales Price: $262,000 - Single Family Residences Only - Up 11.5%
Months Supply of Inventory: All Property Types - 2.2 Months - Down 42.1%
Months Supply of Inventory: Single Family Residences - 2.2 Months - Down 40.5%
Median Days on Market - All Property Types - 14 Days on Market - Down 44%
Median Days on Market - Single Family Residences - 15 Days on Market - Down 37.5%
Active Available Inventory (Not Rolling) - All Property Types - 6740 Properties - Down 43%
Active Available Inventory (Not Rolling) - Single Family Residences - 5213 Properties - Down 43.3%
Closed Sales (Not Rollr ...

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  broker, las vegas, listing your home, real estate, real estate broker, selling, zahler properties, summerlin

Zahler Properties
Geoffrey Zahler
7945 W. Sahara Ave #106
Las Vegas, NV 89117
702-405-0953

UP5DB701E1507748.jpgThe data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. GLVAR MLS deems information reliable but not guaranteed. Copyright 2022 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
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