Do you want to buy a Las Vegas Home?

Looking for a Solution?

We have it! We now have access to a loan program to buy a Las Vegas home if you have had a Bankruptcy or Short Sale in the recent past.

Contact us for more details, but here are the basics.

• All loans are reviewed and decisions to finance buyers are strictly on a case-by-case basis.
• Bankruptcy – Will be considered on a case-by-case basis and must be discharged for at least 12 months
• Short Sales – Will be considered on a case-by-case basis and must be finalized with a deficiency release from the bank(s)
• Charge-off’s and tax liens – Must be satisfied
• Reserves – Minimum of three months and must be verified
• Income – Full Income documentation required
• Self-Employed – Must be in business for three years
• Impounds – Required
• Maximum LTV is 80%
• Maximum Debt-to-Income ratio is 45%
• Minimum credit score is 620
• 30 or 15 Year Fixed Rate loans
• All pre-approval requests require a completed application, detailed letter of explanation regarding the circumstances surrounding the short sale or bankruptcy, and a credit report fee of approximately $20.

 

No need to wait, start shopping for that new home right now!

Keller Williams Southern Nevada, Las Vegas, Las Vegas Bankruptcy, Las Vegas Homes, Las Vegas Real Estate, Las Vegas Short Sale, Michelle Natale

Everyone knows the Super Bowl is the single biggest day for placing bets in the United States. This is great news for the Las Vegas economy!

While Las Vegas leads the Nation in foreclosures and unemployment, weekends like this are very important for the local economy. Predictions are for well over 250,000 visitors, that fills lots of rooms and results in lots of tips for casino employees.

This year there should be over 80 million wagered on the game just here in Southern Nevada and an additional 80 million pumped right into the local economy.

This type of weekend is just what we need to get the local housing market turned around and back on its feet.

By the way, BuyVegasHomes.com has their money on the Steelers!

Did you place the winning bet on the game? Then Click Here to, Start your Home Buying Search

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Las Vegas Foreclosures- The Past, Present and the Future

 

Everyone knows Nevada has lead the Nation in the number of  foreclosures over the past few years.

The question is: “What will the future hold for the Las Vegas market?”

Core Logic has reported that twenty percent (20%) of current Las Vegas homeowners are 90 days or more behind on their mortgage payments. Turns out to be a number of about 75,000 homes that are facing the foreclosure process. Some will correct themselves with loan modifications, some will result in short sales and the balance will end up being foreclosed upon by banks. When the banks take them back they will be re-listed in the MLS as Real Estate Owned, better known as REO property.

With this amount of inventory in the pipeline it is a good bet that prices will remain low for the next few years. With only about 20,000 foreclosures per year from 2008 to 2010, 75,000 more will keep the market on it’s current course for the next three to four years.

Looking at the numbers to the right, that were provided by Larry Murphy of SalesTraq, you will see there are close to 9,000 REO properties that are not currently listed in the MLS. This back-log of inventory puts even more pressure on the future of home values.

The Good News? Lower prices in Southern Nevada make it once again one of the most affordable and desirable locations in the Country. Baby-boomers just started to turn 65, there is more snow this year in cold climates than many can remember and elections are just around the corner.

All of this coupled with the pricing pressure should result in lots of buyer opportunity and action over the coming years.
Looking for a deal on a Vegas Home? Then Click Here to, Start your Home Buying Search

Keller Williams Southern Nevada, Las Vegas, Las Vegas Homes, Las Vegas News and Events, Michelle Natale

The Famous Las Vegas Strip

What Happens in the Las Vegas Strip, Stays on the Strip!

The first casino to start the Las Vegas Strip was on on Highway 91 and was called the Pair-o-Dice Club in 1931.   The first on what is currently The Strip however was called the El Rancho Vegas, opening on April 3, 1941, with 63 rooms. That hotel / casoino stood for almost 20 years before being destroyed by a fire in 1960. Its success spawned a second hotel on what would become The Las Vegas Strip, the “Hotel Last Frontier”, in 1942.

New York’s Bugsy Siegel then took interest in the growing gaming center leading to other resorts such as the Flamingo, which opened in 1946, and the Desert Inn, which opened in 1950. Each of these casino’s legacy is still remembered today as the cross streets for these hotels are now major roads dividing greater Las Vegas.

According to wikipedia:

“Several decades ago, Las Vegas Boulevard South was called Arrowhead Highway, or Los Angeles Highway. The Strip was reportedly named by Los Angeles police officer Guy McAfee, after his hometown’s Sunset Strip.”

Then, in 1968, Kirk Kerkorian, an on-the-rise millionaire from Los Angeles purchased the Flamingo and hired Sahara Hotels Vice President as President. The Flamingo was used to train future employees of the International Hotel, which was under construction and not yet open. The International Hotel opened in 1969 with 1,512 rooms, thus begginng the era of mega-resorts. To this point, no hotel in Las Vegas had been so large.  Today, the International is known as the Las Vegas Hilton.  Following shortly was the MGM Grand Hotel and Casino, also a Kerkorian property, opened in 1973 with 2,084 rooms. At the time, this was one of the largest hotels in the world by number of rooms.

Things really went to the next level on the Las Vegas Strip with the opening of The Mirage in 1989.  The Mirage set a new level to the Las Vegas experience, as smaller hotels and casinos made way for the larger billon-dollar mega-resorts. These huge facilities would come to offer entertainment and dining options, as well as gambling and lodging. With the rise of the mega-resorts, the emphasis shifted from a gambling centric experience, to an all in one resort style experience with park rides, shopping, dining, spas, and blockbuster shows.

In an effort to attract families in the 90′s, resorts offered more attractions geared toward a younger demographic, but had limited success. The MGM Grand opened in 1993 with Grand Adventures amusement park, but unfortunately the park was closed in 2000 due to lack of interest. Similarly, in 2003 Treasure Island closed its own video arcade and abandoned the previous pirate theme, adopting the new ti name as the adult theme came back into promimence.

In addition to the large hotels, casinos and resorts, The Strip is home to a few smaller casinos and other attractions, such as M&M World, Adventuredome and the Fashion Show Mall. Starting in the mid-1990s, the Strip became a popular New Year’s Eve celebration destination as to this day is one of the most visited New Years attractions boasting hundreds of thousands of visitors that night.

In 2004 with the conception of CityCenter by MGM Mirage the Mega-Resort design was again taken to another level.  CityCenter was completed in 2009 and openened in 2010.  The complex includes a 66-acre, $7 billion multi-use project on the site of the Boardwalk Hotel and adjoining land. It consists of multiple hotels, a large casino, condo homes, retail, art, business and other uses on the site. City Center is currently the largest such complex in the world.

 

Content Courtesy of Wikipedia, a publicly contributed information portal.  For more about Las Vegas, please visit Las Vegas’s complete wikipedia page at: http://en.wikipedia.org/wiki/Las_Vegas,_Nevada

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Discover Henderson’s Scenic Parks

Henderson Parks and Recreation Information

Henderson has one of the most extensive networks of parks and walking paths of any city in the region.  Known for it’s many quite, green, and peaceful places, almost every neighborhood in town has its own distinct park or parks.

Below is a list of all parks in Henderson, and general information about each including the location, amenities, and hours.

Acacia

50 Casa Del Fuego St.
(Gibson Road & Las Palmas Entradas Avenue)

Park hours: 6:00 a.m.-midnight

Parks Amenities

• 18 Acres
• Lighted Ball Field
• Basketball Courts
• Barbecues
• Covered Picnic Shelters
• Dog Park
• Picnic Tables
• Lighted Multi-Purpose Fields
• Open Grass Area
• Playground
• Restrooms
• Splash Pads
• Walking Course

Irrigation times for dog park:
Dog Park #1 (west) 8:30-10:00 a.m., Mondays and Thursdays
Dog Park #2 (east) 8:30-10:00 a.m., Tuesdays and Fridays

 

Allegro Park

1023 Seven Hills Dr.
(at Overlook Mountain Lane)

Parks hours: 6:00 a.m.-midnight

Parks Amenities

• 5 Acres
• Barbecues
• Covered Picnic Shelters
• Multi-purpose Field
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms

 

 

Amador Vista Park

1562 Amador Ln.
(Amador Lane & Horizon Ridge Parkway)

Parks hours: 6:00 a.m.-midnight

Parks Amenities

• 5 Acres
• 1/2 Court Basketball Courts
• Barbecues
• Covered Picnic Shelters
• Dog Park
• Picnic Tables
• Open Grass Area
• Restrooms
• Shaded Playgrounds
• Splash Pad
• Tetherball

 

 

Anthem Hills Park

2256 N. Reunion Dr.
(Reunion Drive and Sonatina Drive)

Parks hours: 6:00 a.m.-midnight
Skate Park hours: 7:00 a.m.-10:00 p.m.

Parks Amenities

• 55 Acres
• 3 Lighted Ball Fields
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Lighted Multi-purpose Fields
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Skate Park
• Lighted Volleyball Courts
• Walking Course

 

 

Arroyo Grand Sports Complex

298 Arroyo Grande Blvd.
(with entrances at American Pacific Drive and Santiago Drive)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 60 Acres
• 9 Lighted Ball Fields
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Horseshoe Pits
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms

 

 

Burkholder Park

645 N. Victory Rd.
(at Van Wagenen Street)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 11 Acres
• 2 Ball Fields (1 lighted)
• Barbecues
• Covered Picnic Shelters
• Horseshoe Pits
• Picnic Tables
• Playground
• Restrooms

 

 

Cactus Wren Park

2900 Ivanpah Dr.
(at Jessup Road)

Park hours: 6:00 a.m.-midnight
Skate park hours: 8:00 a.m.-8:00 p.m.

Park Amenities

• 11 Acres
• Lighted Ball Field
• Barbecues
• Basketball Courts
• Dog Park
• Covered Picnic Shelters
• Lighted Multi-purpose Fields
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Skate Park

 

Cinnamon Ridge Park

825 Burkholder Blvd.
(at Pueblo Way)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 7 Acres
• Barbecues
• Basketball Courts
• Covered Picnic Areas
• Multi-purpose Fields
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Tennis Courts

 

Discovery Park

2011 Paseo Verde Pkwy.
(at Palomino Village Drive)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 10 Acres
• Ball Field
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Horseshoe Pits
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Tennis Courts
• Lighted Volleyball Court
• Walking Course

 

 

Dos Escuelas Park

1 Golden View Dr.
(Paseo Verde Parkway & Desert Shadow Trail)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 10 Acres
• 2 Lighted Ball Fields
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Dog Park
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Tennis Courts

 

 

Downtown Park

105 W. Basic Rd.
(at Lead Street)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 5 Acres
• Barbecues
• Basketball Courts
• BMI Pool
• Covered Picnic Shelters
• Open Grass Area
• Picnic Tables
• Playground
• Walking Course

 

 

Equestrian Park

1200 Equestrian Dr.
(at Magic Way)

Park hours: 6:00 a.m.-midnight

The access trail connecting Equestrian Park to the River Mountains Loop Trail will be closed from June 15, 2009, until January 2010 due to scheduled construction of a regional master-planned flood control facility located adjacent to Equestrian Drive between Magic Way and Appaloosa Road.

Park Amenities

• 170 Acres
• 1.8-mile Asphalt-paved Looped Biking/Walking Trail
• 1.8-mile Dirt Horse Path
• Parking for Cars and Horse Trailers
• Open Grass Area
• Restrooms
• Trailhead for the River Mountains Loop Trail

 

 

Esselmont Park

2725 Anthem Highlands Dr.
(Bicentennial Parkway and Democracy Drive)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 5 Acres
• Barbecues
• Lighted Basketball Courts
• 3 Covered Picnic Shelters
• Lighted Dog Park
• Open Grass Area
• Picnic Tables
• Lighted Playground
• Restrooms
• Splash Pad

 

 

Fox Ridge Park

420 Valle Verde Dr.
(at Fox Ridge Drive)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 5 Acres
• Amphitheater
• Ball Field
• 3 Barbecues
• Covered Picnic Shelter
• Open Grass Area
• 5 Picnic Tables
• Playground With Swings
• Restroom
• Walking Course

 

 

Hayley Hendricks Park

811 Ithaca Ave.
(at Pueblo Way)

Park hours: 6:00 a.m.-midnight
Skate Park hours: 7:00 a.m.-10:00 p.m.

Park Amenities

• 10 Acres
• Lighted Ball Field
• Barbecues
• Covered Picnic Shelters
• Lighted Horseshoe Pits
• Lighted Multi-purpose Fields
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Skate Park
• Splash Pad
• Lighted Volleyball Courts
• Walking Course

 

 

Madeira Canyon Park

2390 Democracy Dr.
(Canyon Retreat and Democracy Drive)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 19 Acres
• Ball Fields
• Barbecues
• 5 Covered Picnic Shelters
• Enclosed Tot Lot
• Horseshoe Pits
• Playground
• Open Grass Area
• Restrooms
• Multi Purpose Fields
• Splash Pad
• Tennis Courts

 

 

Mission Hills Park

551 E. Mission Dr.
(at College Drive)

Park hours: 6:00 a.m.-midnight

PGMS Salutes the City of Henderson for Grounds Management Excellence

Park Amenities

• 25 Acres
• 2 Lighted Ball Fields
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Multi-purpose Fields
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Splash Pad
• Lighted Tennis Courts

 

 

Morrell Park

500 Harris St.
(at Basic Road)

Park hours: 6:00 a.m.-midnight

Morrell Skate Park officially opened to the public on July 8.

Park Amenities

• 18 Acres
• 4 Lighted Ball Fields
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Multi-purpose Fields
• Open Grass Area
• Picnic Tables
• Playgrounds
• Restrooms
• Lighted Tennis Courts
• Lighted Volleyball Courts
• Walking Course

 

 

Mountain View Park

1959 Wigwam Pkwy.
(Valle Verde Drive & Green Valley Parkway)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 7 Acres
• Ball Field
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Tennis Courts
• Lighted Volleyball Courts

 

 

O’Callaghan Park

601 Skyline Rd.
(at Horizon Drive)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 27 Acres
• Lighted Ball Field
• Barbecues
• Basketball Courts
• Covered Picnic Shelters
• Horseshoe Pits
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Tennis Courts
• Volleyball Courts

 

 

Paseo Verde Park

1851 Paseo Verde Pkwy.
(at Desert Shadow Trail)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 10 Acres
• Ball Field
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Horseshoe Pits
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Tennis Courts
• Lighted Volleyball Courts

 

 

Paseo Vista Park

2505 Paseo Verde Pkwy.
(at St. Rose Parkway)

Park hours: 6:00 a.m.-midnight

Park Amenities

• Lighted Basketball Court
• 4 Lighted Bocce Courts
• 5 Covered Picnic Shelters
• Lighted Dog Park
• Circuit Training Exercise Area
• Game Tables
• 4 Lighted Horseshoe Pits
• Covered Playground Areas
• Splash Pad

 

 

Paseo Verde Park

150 Pecos Rd.
(between Wigwam Parkway & Windmill Parkway)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 10 Acres
• 2 Lighted Ball Fields
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Lighted Horseshoe Pits
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Tennis Courts
• Pittman Wash Trail Access
• Lighted Volleyball Courts

 

 

Puccini Park

1899 Seven Hills Dr.

Park hours: 6:00 a.m.-midnight

Park Amenities

• 5 Acres
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Tennis Courts
• Lighted Volleyball Courts

 

 

River Mountain Park

1941 Appaloosa Dr.
(at Colt Drive)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 10 Acres
• Ball Field
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Horseshoe Pits
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Tennis Courts
• Volleyball Courts

 

 

Roadrunner Park

831 Amigos St.
(Newport Drive to Feliz Contrado Court to Amigos Street)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 10 Acres
• Open Native Desert Area
• Open Grass Area
• Picnic Tables
• Playground
• Walking Course

 

 

Rodeo Park

810 Aspen Peak Loop
(Boulder Highway & Sky Forest Drive)

Park hours: 6:00 a.m.-midnight

Park Amenities

 

• 10 Acres
• Lighted Ball Field
• 3 Barbecues
• Lighted Basketball Court
• Covered Picnic Shelter
• Exercise Course
• Horseshoe Pits
• Multi-purpose Fields
• Open Grass Area
• 6 Picnic Tables
• Playground
• Restroom
• Lighted Tennis Courts
• Lighted Volleyball Courts
• Walking Course

 

 

Russell Road Recreation Complex

5901 E. Russell Rd.
(at Stephanie Street)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 25 Acres
• 3 Lighted Ball Fields
• Barbecue
• Covered Picnic Shelter
• Lighted Horseshoe Pits
• Lighted Multi-purpose Fields
• 2 Picnic Tables
• 2 Restrooms
• Lighted Volleyball Courts

 

 

Saguaro Park

600 Pounds Way
(at Blue Lantern Dr.)

Park hours: 6:00 a.m.-midnight

Park Amenities

 

• 5 Acres
• Basketball Courts
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Splash Pad

 

 

Sewell School Park

700 E. Lake Mead Pkwy.
(at Warm Springs Drive)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 5 Acres
• Ball Fields
• Playground
• Open Grass Area

 

 

Solista Park

1890 Via Firenze Rd.
(at Volunteer Blvd.)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 5 Acres
• Basketball Courts
• Bocce Courts
• Covered Picnic Shelters
• Open Grass Area
• Playground
• Restrooms

 

 

Silver Springs Park

1950 Silver Springs Pkwy.
(Valle Verde Drive & Green Valley Parkway)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 17 Acres
• Amphitheater
• Lighted Ball Field
• Barbecues
• Covered Picnic Shelter
• Multi-purpose Fields
• Open Grass Area
• Picnic Tables
• Playground
• Lighted Tennis Courts

 

 

Sonata Park

1550 Seven Hills Dr.
(at Arbella Way)

Park hours: 6:00 a.m.-midnight

Park Amenities

 

• 17 Acres
• Barbecues
• Covered Picnic Shelters
• Multi-purpose Fields
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Tennis Courts

 

Stephanie Lynn Craig Park

1725 Galleria Dr.
(at Russell Road)

Park hours: 6:00 a.m.-midnight

Park Amenities

• 5 Acres
• Lighted Ball Fields
• Barbecue
• Covered Picnic Shelters
• Open Grass Area
• Picnic Tables
• Playground
• 3 Restrooms

 

 

Sunridge Park

1010 Sandy Ridge Ave.
(at Rocky Ridge Drive)

Park hours: 6:00 a.m.-midnight

Park Amenities

 

• 18 Acres
• 2 Ball Fields
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters
• Multi-purpose Fields
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms
• Lighted Tennis Courts
• Lighted Volleyball Courts

 

 

Trail Canyon Park

1065 Trail Canyon Rd.
(between Stephanie Street & Gibson Road)

Parks hours: 6:00 a.m.-midnight

Parks Amenities

• 5 Acres
• Barbecues
• Lighted Basketball Courts
• Covered Picnic Shelters Horseshoe Pits
• Multi-purpose Fields
• Open Grass Area Picnic Tables
• Playground
• Restrooms

•Lighted Tennis Courts

 

 

Tuscany Park

1550 E. Galleria Dr.

Park hours: 6:00 a.m.-midnight
Skate park hours: 7:00 a.m.-10:00 p.m.

Parks Amenities

• Ball Field
• Covered Picnic Area
• Lighted Basketball Court
• Lighted Skate Park
• Lighted Tennis Courts
• Playground
• •Tot Lot

 

 

Vivaldi Park

1249 Seven Hills Dr.
(at Nestled Peak Drive)

Parks hours: 6:00 a.m.-midnight

Parks Amenities

• 8 Acres
• Ball Field
• Barbecues
• Covered Picnic Shelters
• Open Grass Area
• Picnic Tables
• Playground
• •Walking Course

 

Wells Park

1608 Moser Dr.
(at Merlayne Drive)

Parks hours: 6:00 a.m.-midnight

Parks Amenities

 

• 11 Acres
• Lighted Ball Field
• Barbecues
• Basketball Courts
• Covered Picnic Shelters
• Lighted Multi-purpose Fields
• Open Grass Area
• Picnic Tables
• Playground
• Restrooms

 

White School Park

1661 Galleria Dr.
(at Russell Road)

Parks hours: 6:00 a.m.-midnight

Parks Amenities

• 8 Acres
• 2 Lighted Ball Fields
• Basketball Courts
• Multi-purpose Fields
• Open Grass Areas
• Picnic Tables

•Tennis Courts

 

 

Whitney Mesa Nature Preserve

1990 Patrick Ln.
(Patrick Lane & Galleria Drive)

Park hours: 6:00 a.m.-midnight

The 5.69-acre Whitney Mesa Nature Preserve features many unique geologic formations, an active stream, and diverse flora and fauna. Amenities include a 1-mile trail (including a portion that is ADA accessible) and interpretive centers and kiosks. The nature preserve is located just down the street from Whitney Ranch Recreation Center and is adjacent to the Clark County School District’s Whitney Mesa Outdoor Science Laboratory, providing educational opportunities for students throughout the Las Vegas Valley.

Park Amenities

 

• Barbecues
• Covered Picnic Areas
• Restrooms
• Walking Trails

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10 Reason to Retire in Sin City-Las Vegas

Retire in the Entertainment Capital of the World

According to a recent article in by Emily Brandon with the US News and World Report, there are ten specific tips that you should consider when choosing your retirement location.  Las Vegas and Henderson have become a strong retirement mecca in the Southwest, and it is easy to see why.

Here are each of the tips Emily recommends a buyer should consider, and why Vegas meets those requirements.

1.  Cost of Living: Las Vegas has historically had one of the lowest cost of living rates in the nation compared to its size due to the amount of available property, the low tax structure, and the lack of social welfare requirements to it citizens.  Although the recent boom years did change all of that for a while, over the past 18 months we have seen the cost of living drop way back down to historic levels.

2.  Low Tax Locales:  Nevada is one of the lowest taxed states in the United States.  According to data found on retirementliving.com, from the Tax Foundation’s Special Report No.163 published in August 2008, which shows the state and local tax burden for each state, Nevada ranks 49th overall, second only to Alaska as the lowest burdended state overall.

3.  Health Care Facilities:  Las Vegas is home to several quality hospitals including such notables as Sunrise Hospital and Medical Center and the St. Rose Dominican Network.  Both are ranked as among America’s Best Hospitals by the US News and World Report.

4.  Proximity to Family:  Las Vegas has been developing as a logistics hub for several large organizations due to its proximity to several large cities in the Southwest.  Additionally, Las Vegas’s McCarran International Airport is ranked as one of the countries best run.  Both make Las Vegas a highly accessible city.

5.  Job Opportunities:  Ok, so this isn’t the best right now, but you are retiring remember?

6.  Recreation and Culture:  Five words:  “Entertainment Capital of the World”

7.  Public Transportation: The local bus system is very solid, and so is The Strip transportation.

8.  Housing Needs:  This pertains to the availability and diversity of homes on the market.  Coming out of the recent boom, there are is a wide variety of available homes here in Las Vegas, ranging from new golf front condo’s such as Mira Villa, Summerlin, to resale opportunities such notable Del Webb communities as Anthem in Henderson and SunCity Summerlin.

9.  Weather:  Las Vegas is a notorious “snowbird” haven bosting some of the best desert weather in the Southwest.  Why?  There are an average of 310 sunny days per years here.

10.  Amenities:  Five words: “Entertainment Capital of the World”

Keller Williams Southern Nevada, Las Vegas, Las Vegas News and Events, Las Vegas Real Estate, Retire in Las Vegas, Retirement, Retiring in Las Vegas

Las Vegas Foreclosures

Las Vegas Foreclosures For Sale

Homebuyers are finding it increasingly difficult to purchase foreclosured properties in Las Vegas a recent article in the Wall Street Journal reports.

“Last summer you could make good margins,” said Mr. Premsrirut. At so-called trustee sales of homes in foreclosure cases, he could win with bids at around 70% of the estimated market value. Now, he says, with more bidders, homes are likely to go for 85% to 90% of resale value. After accounting for real-estate commissions, repairs and other costs, that leaves little margin for error.  (Source Wall Street Journal)

This is no suprise to many local real estate agents who have been frustrated with helping clients to buy either a primary or investment home over the past year or more.  The lack of foreclosure inventory that has come to market, along with the surging number investors both nationally and internationally, has made Las Vegas a very difficult market to compete.

Many also wonder if the so called “shadow inventory” of foreclosures will ever materialize, considering that these properties should have already been brought to market given the current shortage.

The relative short supply of foreclosures and bidding frenzy have created a very positive side effect for homebuyers in this market.  It is now perhaps a better deal to purchase aggressively priced non-foreclosure homes.  These properties in contract to the bank owned homes typically are kept in better shape and require less maintenance prior to move in.  Even if you get a foreclosed home for 10% below market value, most often that difference is swallowed up by the cost of cleaning and fixing the home from the abuse of departing tenants.

The key thing to remember when buying real estate today:  Foreclosures and Short-Sales Are Not the Best Deals in Las Vegas today!

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Las Vegas Real Estate

The Las Vegas Hotel Real Estate Market Expands with New Growth!

New blood flows into developing the Las Vegas Strip.  Carl Icahn, the billionaire finacier who once bought and flipped the Stratosphere for a huge profit is investing in Las Vegas again.  He has purchased the assets at Fontainebleau for an unbelievably low $156.5 million, while the property is projected to have upwards of $2 billion dolllars into it.

The primary reason that this property was being offered for so low, was that some project Fountainebleau still needs another $1 billion or so to be completed.  This is the kind of capital that most banks won’t finance in today’s economy, but for a capital man like Carl Icahn, that sum is much more achievable through hard money lending.

Per Steve Monfort of Nasdaq.com:

“An investor seeking out some of the most depressed real estate in the nation would do well to turn to Las Vegas. According to Clear Capital, home prices in Las Vegas have dropped 63.7 percent since their peak. In 2009 – when many other large markets were beginning to show signs of life – property prices dropped 27.4 percent.”

Source:

By Steve Monfort
Nasdaq.com

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Christmas Time in Las Vegas

LIGHTING OF THE ALL-NEW CHRISTMAS TREE AND SANTA’S ARRIVAL

 

Date:  Friday, November 27, 2009
Time:  5:00pm
Location:  Main Street

 

The District presents the All-New Christmas Walk – A Joyful Holiday Celebration! The holiday season officially begins with the lighting of the spectacular new Christmas Tree on Main Street, and the arrival of Santa! The new Christmas tree will tower more than 50 feet above the center of Main Street, and features 14,400 LED dancing lights that will perform to a variety of Christmas songs every evening. Santa Claus will arrive in grand fashion for the tree lighting spectacular, which will feature live holiday music, strolling characters, a gift for the kids, and a little Christmas magic from Santa to light the new tree. Following the tree lighting, Santa will be available for photos and meet and greet at The Courtyard.

 

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