Tuesday, December 11, 2018 / by Geoffrey Zahler
On yesterday's House Rules: Real Estate in Sin City (https://youtu.be/VP9_BhnM_Rs), we discussed the Top 5 Ways to make sure your next Flip project doesn't become a Flop! We know TV shows are glamorizing the idea of buying a home, fixing it up, and making crazy profits. It's not that easy people. This is a business for most people, who do them in volume. For my baseball fans, successful flippers try to simply hit singles and doubles. Every once in a while they hit a home run, which is great, but they do everything in their power to NOT STRIKE OUT! Avoiding bad flips is the key to staying in the flip business, and here are the top 5 ways you can avoid a flop!
HAVE A PLAN:
This one sounds simple, but it's important. Are you going to be buying homes, condos, or townhomes? Are you going to just put in some paint and maybe some new flooring, or are you going to be knocking down walls to open space up, add space, and go "ful ...
Tuesday, December 4, 2018 / by Geoffrey Zahler
Greetings and Happy December,
We had an interesting month. The Median Sales Price actually dropped from October, but is still about 12% higher than it was this time last year. This is showing that the growth has started to decelerate a bit. We are still anticipating a positive 2019, but signs are indicating it will be a less aggressive positive push forward. Below are some of the stats with our commentary!
Reminder: This is Single Family Residences ONLY as reported through our MLS System, which does include some new home construction (but not all).
Median Sales $295,000 - +11.7% YOY (Down from last month)
Average $341,600 - +9.1% YOY (Down from last month)
Our Median Sales as I mentioned are up over Double Digits, and strong. The average, which tends to fluctuate more than Median, is also up close to 10% Year over year, but for the first time in a while, both were DOWN from the previous month. We tend to focus more on trends, but it is in ...
Wednesday, November 28, 2018 / by Geoffrey Zahler
Fresh off the presses... well, 24 hours fresh, but still, not bad.
The Federal Fair Housing Administration (FHFA) just announced yesterday that they were increasing the conforming loan limits beginning in 2019. GREAT NEWS! But... what does this REALLY mean to you? Keep reading!
In 2018, the conforming loan limit is $453,100. This was an increase from 2017 which was just under $425,000. A loan is considered "conforming" if it can be resold to Fannie Mae or Freddie Mac, the two largest holders of Mortgages in the country (your loan is not always serviced by the company you get a loan from, but that's a different topic for a different day). When a loan is conforming, generally speaking, you can put less than 20% down for a down payment, have very competitive rates, and overall, less hassles getting the funding.
When loan amounts jump above this level, it is considered a "JUMBO" loan. While you can still find Jumbo programs that can lend with le. ...
Wednesday, June 13, 2018 / by Geoffrey Zahler
If you're thinking about selling your home, and you're living in the property, there are a few items that will help you get your home ready for sale, and remain "sale ready" throughout the showings. We compiled a small list of 5 important items to incorporate when selling your home.
1. De-Clutter your Home
Many people "collect" things while living in a home. Eventually, personal items sometimes can overtake a living space, and cause gridlock in the flow of your floorplan. While personal items are great, and a reminder of the life you've lived in that home, too many personal items can be a distraction to a potential buyer. By thinning out your personal items, a buyer will be better able to concentrate on the home, and not Aunt Edna's "Coo-Coo Clock" that is in dire need of a tuneup. If you're planning on selling, you'll have to pack items up eventually, so it may be a good idea to get a jumpstart on some items!
2. Replace Lightbulbs
This one is simple.&r ...
Monday, April 2, 2018 / by Geoffrey Zahler
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.
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 ...