Summerlin & Las Vegas Best Real Estate Deals

Best Summerlin & Las Vegas Real Estate Deals

Week of July 23, 2008

This week I have chosen 4 Best Summerlin Real Estate Valued Homes instead of the usual 3 Best Summerlin Real Estate Valued Homes. All four of the best valued homes I have found on the market this week are in the Vistas located in the Master Planned Community of Summerlin,which is on the west side of Las Vegas in zip code 89138 .

These are some fantastic buys for first time home buyers, move up homeowners and investors alike. With FHA increasing their loan limits to $400,000 and the availability of their Nehemiah Loan program a first time home buyer can buy any of these homes with zero down and minimal closing costs upon qualifying. Call me if you have any questions or would like to discuss this in greater detail.

If you have been following these posts of the Top Picks of the Week you will find as I have that the price per square foot is going up. This could be an early indication that even the foreclosure market has flattened (at least in the Vista’s of Summerlin) and may be rising as well. Keep an eye out on these blog posts and we will see if the Summerlin Real Estate Market is changing together.

Best Las Vegas Real Estate Deal #1

 

11572 Costa Linda Ave.  Las Vegas, Nevada 89138   MLS #808501

3 Bedrooms, 2- Full & 1-1/2 Bathrooms, 2 Car Garage, 2530 Square Feet and built in 2003. Asking price is $330,000 or $130 per Square Foot. It is located in the Sonesta Subdivision in the Vista’s Community of Summerlin.

This is a bank owned property. It has been listed and available since March 13, 2008. It went into escrow on June 11, 2008 and fell out of escrow and became available again on July 16, 2008.

Best Las Vegas Real Estate Deal #2 

11724 Royal Derwent Dr.

11724 Royal Derwent Dr.  Las Vegas, Nevada 89138   MLS #816532

4 Bedrooms, 2.5 Bathrooms, 2 Car Garage, 1723 Square Feet and built in 2004. Asking Price is $224,900 or $131 per Square Foot. It is located in the Somerset Subdivision in the Vista’s Community in Summerlin.

This is a bank owned property. The bank purchased the property for $201,750 on April 1, 2008. The previous owners purchased the home in January 1 of 2005 for $379,500. It was listed by the bank for sale on April 10, 2008 for $224,900; it went into escrow on April 24, 2008 and fell out of escrow on May 16, 2008. It went back into escrow on June 23, 2008 and fell out again on July 1, 2008. The asking price has remained the same the entire time the bank has had it for sale.

Best Las Vegas Real Estate Deal #3

616 Doletto St.

616 Doleto St.  Las Vegas Nevada 89134    MLS #840967

3 Bedrooms, 2.5 Bathrooms, 2 Car Garage, 2053 Square Feet, Built in 2003. The asking price is $234,900 or $114 per Square Foot. The property is located in the Portofino Community of the Vista’s in Summerlin.

This is a bank owned property. The bank has had the property listed for sale since July 2, 2008. Went into escrow on July 11, 2008; fell out of escrow and became available again on July 16, 2008

Best Las Vegas Real Estate Deal #4 

11200 Salentino Ave.

11200 Salantino Ave.  Las Vegas Nevada 89134 MLS #843284

3 Bedrooms, 2.5 Bathrooms, 2 Car Garage, 1723 Square Feet, Built in 2002. The asking price is $219,900 or $128 per Square Foot. The property is located in the Portofino Community of the Vista’s in Summerlin.

This is a bank owned property. The bank purchased the property back on March 1, 2008 for $230,000.  The bank has only had the property listed for sale since July 10, 2008 and have had no price changes.

If you would like additional information about any of these properties, or others available that I have seen, just call or e-mail me. Again, for the most up to date Top Three Real Estate Values in Las Vegas go to www.SummerlinRealEstate.Wordpress.com .

Joe Laliberte

Broker/Salesperson

Prudential Americana Group, Realtors

702-499-1747

Joe@JoeLaliberte.com

Las Vegas Real Estate Information

www.JoeLaliberte.com

Summerlin Real Estate Information

www.OurLasVegasRealEstateAgent.com

The Vistas of Summerlin Real Estate Information

www.TheVistasHomes.com

Home Buyers Scouting Report– Do your own searching for the best real estate deals in Summerlin or all of Las Vegas.

Market Snapshot Report – Keep track of your homes value and the market activity in your area with this monthly report specific to your home.

Las Vegas & Summerlin Real Estate Values

June 9, 2008

Do you know YOUR HOMES VALUE? 

What about the value of YOUR INVESTMENT PROPERTIES?

Find out within minutes with this automated software.

Why spend the time calling someone everytime you want to know the value of your home or investment property. Get the information yourself when ever you would like to know.

This is an extremely advanced residential real estate valuation software that provides you with an automated valuation of your home or investment property (located in Las Vegas) within minutes, using actual listings of available and sold homes as shown through the Greater Las Vegas Multiple Listing Service. After inputting the address of your home or investment property, within minutes you will find a current Market Evaluation in real time that is fully interactive. In addition you can have this report updated and sent to you weekly, biweekly or monthly, which ever you prefer.  

CLICK HERE to keep up with the Real Estate Market Trends of Your Home or Your Investment Properties.

If you have any questions or would like additional information just call or email me.

Joe Laliberte

702-499-1747

Joe@JoeLaliberte.com

Las Vegas Real Estate Information and Values

Summerlin Information and Values

Bank Owned and Foreclosed Properties

Find the Best Available Real Estate Deals in Las Vegas & Summerlin-Including Bank Owned Foreclosures

June 9, 2008

I want to provide you with a great new free tool ( Home Buyers Scouting Report ) for identifying what neighborhood best suits you and your family and provides you with all the best available homes in that neighborhood at the best available prices. Yes, this system includes all the homes that are available to Las Vegas Realtors including bank owned foreclosures. It is the most dynamic, user friendly home search site that I have found and once again it is free. Use this site to set your home search criteria, view the schools with information about them, view the shopping, hospitals, restaurants and their proximaty to the available homes. Get update emails when the price of a home you have saved in your notebook changes price or sales. Get the directions to go see any of the homes or see a map view of its location. 

View the system, try it out, experiment with it and become an expert on the Las Vegas and/or Summerlin Real Estate Markets. I know you will love this system.

Call me if you have any questions or need any additional information.

Joe Laliberte

702-499-1747

Joe@JoeLaliberte.com

Best Las Vegas Real Estate Deals

Best Summerlin Real Estate Deals

Best Priced Las Vegas & Summerlin Homes including Bank Owned Foreclosures

Las Vegas Reports Most Single Family Home Closings Since October 2007

I felt the information contained in this blog was so important and positive that I wanted to get it out right away. This morning Forrest Barbee , the Broker of Prudential Americana Group, Realtors, sent an email and posted on his blog, a report (that he generates) based upon the information sent out from the Greater Las Vegas Association of Realtors, that shows May 2008 being the first month since August of 2006 that the Las Vegas Real Estate Market has seen over 2000 single family home closings in one month. He shows that the number of available homes has come down every month since September of 2007 and the percentage of homes sold has nearly tripled since September of 2007 .

He goes on to state in his blog, “You just have to be motivated by this month’s resale closing stats for the Greater Las Vegas real estate market!  There are several excellent signs this month that the sluggish Las Vegas market is poised for a nice rebound. The number of available listings is down while the closings are very nicely up and the inventory is taking less time to sell. You’ve got to love that!

To read his full report on the May 2008 Las Vegas Real Estate Market numbers go to Forrest Barbees Blog.

If you would like to see for your self what is currently avaialble and search for the best available real estate deals in Las Vegas and Summerlin just click on the link below to get started.

Call or email me if you would like additional information about the best available real estate deals in Las Vegas and in Summerlin.

Joe Laliberte

702-499-1747

Joe@JoeLaliberte.com

Best Las Vegas Real Estate Deals

Best Summerlin Real Estate Deals

Best Las Vegas & Summerlin Real Estate Deals -Bank Owned Foreclosures

This weeks best real estate deals are bank owned properties and were found in zip codes 89138, 89144 and 89134 which are on the west side of Las Vegas in the Master Planned Community of Summerlin. Included in this blog is a brief description of each property. If you would like more detailed information about any of these or other great real estate deals in Summerlin or Las Vegas, just call (702-499-1747) or email me (Joe@JoeLaliberte.com) and I will provide it to you. You can also search for great deals like these on your own by going to a great property search system called Home Buyers Scouting Report.

For the past several weeks the banks have been taking a more aggressive approach to listing and selling Las Vegas Real Estate and Summerlin Real Estate and the properties they have in their inventory. The most common approach for them at this time is to list the property at an extremely good value ( For Summerlin Real Estate that would be less than $125 per square foot), generate a lot of traffic through the property and solicit as many offers as possible within the first week or two that it is on the market.

In these cases the buyer of the property will be competing with several other offers and can expect to pay over the asking price to purchase the property. Most buyers are having difficulty understanding that they are going to have to pay over the asking price in this current market. Or that when they close on the property they are still getting a great deal. In some cases my clients have had the appraisal come in at significantly higher ($25,000 or more) than the negotiated sale price. For an appraiser to commit to an appraisal over the negotiated price in this Las Vegas and Summerlin Real Estate market is very unusual.

My suggestion, before you make an offer, is to know the area you are you are looking in. Know the inventory and the market activity. Know what the properties that have most recently closed sold for. Know what the asking price of the properties that are in escrow. Know the asking price of the available homes of the same type and neighborhood. Know how much the bank paid for the property and when. Know the price history of the property. Have a pre-approval letter ready to submit with your offer and expect to get pre-appoved with a representative from the bank that owns the property. Make a clean offer that is a fast close and not asking for anything unusual. In most cases the banks will not pay for certain items. Know what those items are and don’t even ask the bank to pay for those items. Work with a good agent who knows the process and can provide you with all of this information and more. Do not hesitate to offer significantly over the asking price if you have done your homework. You will still be getting a great deal.

Best Las Vegas & Summerlin Real Estate Deals #1

   

10708 Sprucedale Ave.  Las Vegas, Nevada 89144   MLS #819931

5 Bedrooms, 2- Full & 2-3/4 Bathrooms, 3 Car Garage, 3754 Square Feet

Built in 1999.

Asking price is $441,355 or $118 per Square Foot.

This is a bank owned property. The bank bought the property on April 1, 2008 for $405,000. The bank put the home on the market at this price on April 23, 2008. The previous owner paid $630,000 for it in July of 2006.

Best Las Vegas & Summerlin Real Estate Deals #2

 

1029 Bonitos Suenos St.  Las Vegas, Nevada 89138   MLS #829388

3 Bedrooms, 2.5 Bathrooms, 2 Car Garage, 2440 Square Feet. Built in 2006. Asking Price is $289,900 or $119 per Square Foot.

This is a bank owned property. The previous owners purchased the home in August of 2006 for $523,990.

Best Las Vegas & Summerlin Real Estate Deals #3

 

10342 Catclaw Ct.  Las Vegas Nevada 89135    MLS #825187

4 Bedrooms, 3 Bathrooms, Loft, 2 Car Garage, 2113 Square Feet,

Built in 1999.

Asking price is $244,900 or $116 per Square Foot.

This is a bank owned property. The owners paid $232,500 for the property in May of 2008.

If you would like additional information about any of these properties, or others available that I have seen, just call or e-mail me.

Do you know YOUR HOMES VALUE?

CLICK HERE to keep up with the Real Estate Market Trends of Your Home or Your Investment Properties.

Joe Laliberte

Broker/Salesperson

Prudential Americana Group, Realtors

702-499-1747

Joe@JoeLaliberte.com

Las Vegas Real Estate Information

www.JoeLaliberte.com 

Summerlin Real Estate Information

www.OurLasVegasRealEstateAgent.com 

The Vistas of Summerlin Real Estate Information

www.TheVistasHomes.com 

Home Buyers Scouting Report– Do your own searching for the best real estate deals in Summerlin or all of Las Vegas.

Market Snapshot Report – Keep track of your homes value and the market activity in your area with this monthly report specific to your home.

Las Vegas Real Estate Best Deals

This is probably the best most comprehensive overall home search site that I have found available on the internet today. I believe in it so strongly that I have invested in the system and provide it free to all of my clients. They have found it extremely helpful and informative. Not only does it provide all the available homes and information that anyone can find from the Las Vegas Multiple Listing Service like foreclosures and short sales but it also provides neighborhood demographics, mapping in multiple views, area services as well as their location and directions on proximaty to the house being viewed. The information available to the user is staggering. Take a look at it and see for your self.

Best Home Search System Available

Call or email me if you have any questions. Good luck with your search.

Joe Laliberte

Broker/Salesperson

Prudential Americana Group, Realtors

702-499-1747

www.JoeLaliberte.com

www.OurLasVegasRealEstateAgent.com

www.TheVistasHomes.com

 Neighborhood Information

Your Homes Value – Instantly

Las Vegas Best Real Estate Deals

Best Las Vegas Real Estate Deals for the week of March 2, 2008

The three the best valued homes I have found on the market this week are in Summerlin, in zip code 89138 & 89144. We have now reached 2003 home prices in some areas on some homes. Some homes are now available at prices less than what was paid for them in 2003. Buyers are starting to come out in larger numbers and are making offers on several homes. The better valued homes are not on the market more than a few days before offers are made (yes I said offers) and the property goes into escrow. In the past 10 days I have had two clients that I showed homes to that were available the night before and were in contract within 1 day.  These properties had just come on the market within two days at a significantly reduced price or the price was reduced significantly within two days.  If this trend continues this could mark the bottom of the Las Vegas real estate market.  

For investors, I can provide you with a extensive, 5 page, investment analysis showing down payment, loan amount, cash flow and return on investment for any one of these properties for your review. Call me if you have any questions or would like to discuss this in greater detail.

Best Las Vegas & Summerlin Real Estate Deal #1

11709 Grotta Azzurra Ave., Las Vegas, Nevada 89138   MLS #771978

4 Bedrooms, 3 Bathrooms, 2 Car Garage, 2532 Square Feet

Built in 2003

Asking price is $320,000 or $126 per Square Foot.

This property is bank owned. The previous owners paid $540,000 for the property in November 2006. The bank bought the property back in October 2007. The bank was originally asking $374,900 and has reduced the price by $40,000 on February 8, 2008.

Best Las Vegas & Summerlin Real Estate Deal #2

11008 Cherrywell Ct., Las Vegas, Nevada 89144   MLS #793189

4 Bedrooms, 3 Bathrooms, 3 Car Garage, 4040 Square Feet

Built in 2001

Asking Price is $515,000 or $127 per Square Foot.

This property is bank owned. The previous owners paid $799,000 for the property in March of 2006. The bank bought the property back in November of 2007 for $610,000. The banks original asking price was $625,000 and dropped the price by $64,000 on February 26, 2008 to $515,000.

Best Las Vegas & Summerlin Real Estate Deal #3

11064 Whooping Crane Lane, Las Vegas, Nevada 89144 MLS # 771959

3 Bedrooms, 3 Bathrooms, 2 Car Garage, 2067 Square Feet,

Built in 2000.

Asking price is $265,000 or $128 per Square Foot.

The property is bank owned and was purchased by the previous owner in December of 2004 for $350,000. The bank just purchased it back on October 1, 2008 for $304,637. The bank started out asking $329,000 for the property and have been recently reducing it by approximately $5,000 every three weeks.

If you would like additional information about any of these properties, or others available that I have seen, just call or e-mail me.

Joe Laliberte

702-499-1747

Joe@JoeLaliberte.com

Las Vegas Real Estate Information                                  www.JoeLaliberte.com

Summerlin Real Estate Information www.OurLasVegasRealEstateAgent.com

The Vistas of Summerlin Real Estate Information www.TheVistasHomes.com

Home Buyers Scouting Report – Do your own searching for the best real estate deals in Las Vegas and Summerlin.

Market Snapshot – Keep track of your homes value and the market activity in your area with this montly report.

 

 

Best Las Vegas Real Estate Deals of the Week

Best Real Estate Deals Week of 2/23/08

 The three the best valued homes  I found on the market this week are in Green Valley at zip code 89074. It has been a while since I have been able to say this but with a 10% down payment these homes can be rented at a break even or better cash flow with an after tax rate of return over 9% and a holding period of 5 years.  This is an indication to me that we are nearing the bottom of the residential Real Estate Market. Investors are beginning to find value in the available homes and are not afraid to buy when the price is right and the investment meets their criteria. It is only a matter of time before the exploded rental market comes to the same conclusion and starts buying up these valued homes.  I can provide you with an extensive, 5 page, investment analysis on any one of these properties for your review. Call me if you have any questions or would like to discuss this in greater detail.

2858 Misty Ct. Henderson, Nevada 89074   MLS #8004823 Bedrooms, 3 Bathrooms, 2 Car Garage, 1833 Square Feet Asking price is $223,900 or $122 per Square Foot. It has only been on the market since February 14, 2008. It was purchased in August of 2002 for $188,000.

142 Carriage Way Henderson, Nevada 89074   MLS #7909724 Bedrooms, 3 Bathrooms, 2 Car Garage, 1918 Square Feet. Asking Price is $245,000 or $128 per Square Foot. Price dropped $15,000 on February 4, 2008. The property has been listed since July 18, 2007 with a price of $290,000. It was purchased in April of 1998 for $130,000. 

 

342 Hutchings Lane Henderson 89074 MLS #7893523 Bedrooms + Den, 1 ¾ Bathrooms, 2 Car Garage 1862 Square Feet. Asking price is $249,000 or $134 per square foot. It has been available since January 8, 2008 when the asking price was $293,000.The price has dropped $30,000 to $263,000 on January 25, 2008 then another $14,000 on February 14, 2008.The owner paid $103,450 for the home in January of 1990. 

To find properties like these yourself or to keep up with the changes I the Las Vegas Real Estate Market look at this site Home Buyers Scouting Report. To keep up with the current Las Vegas Market activity on your specific home look at the Market Snapshot Report.  If you would like any additional information or would like to see any of these properties just call or email me. 

Cellular 702-499-1747

Office 702-463-0593

Joe@JoeLaliberte.com 

Las Vegas Information www.JoeLaliberte.com 

Summerlin Information www.OurLasVegasRealEstateAgent.com

The Vista’s Community Information www.TheVistasHomes.com

Recovery Rebates & Economic Stimulus

This is a response from Senator Harry Reid updating us on the Recovery Rebates and Economic Stimulus for the American People Act. I thought you might find this interesting and hopefully informative. You can also visit Senator Reid’s web site at www.reid.senate.gov for additional information and updates. As you can see, not only are the real estate and lending concerns being addressed but our representatives are assessable and responsive to your comments.

 

Dear Mr. Laliberte:

Thank you for contacting me regarding the mortgage provisions in the Recovery Rebates and Economic Stimulus for the American People Act (H.R. 5140). I appreciate hearing from you. Recent turmoil in the global financial markets offers fresh evidence that our nation’s economy is struggling.   Faced with surging energy and food costs, rising home foreclosures, falling home values and a slumping job market, Americans’ confidence in our economy has been shaken.  In addition, millions of Americans are finding it more and more difficult to make ends meet, particularly those living on fixed incomes.  As the troubling economic news mounted, a growing number of economists came to believe that Congress needed to take urgent action to provide some relief.  In a much needed instance of bipartisan cooperation, Congress and the President were able to come together to enact an economic stimulus plan that provides timely measures to boost the economy.    

As you know, the Recovery Rebates and Economic Stimulus for the American People Act (H.R. 5140) was recently passed by Senate and signed into law by the President. Recognizing that the credit markets were experiencing a liquidity freeze, I made it a priority to include increases in loan limits for mortgages backed by the Federal Housing Administration (FHA) and those purchased by Fannie Mae and Freddie Mac. You might be interested to learn that H.R. 5140 will raise the single-family loan limit to 125 percent of the median value for homes in a given area. This could mean an increase from $362,790 to $729,750. In less expensive markets, H.R. 5140 will raise these limits from 48 percent to 65 percent of median value, which could mean an increase from $200,160 to $271,050. Additionally, FHA will have the discretion of raising loan limits up to an additional $100,000 if market conditions warrant such increases. Finally, you should also know that the stimulus package would raise loan limits for single family homes purchased by Fannie Mae and Freddie Mac from $417,000 to as high as $729,000. Congress has created these temporary loan limits in FHA, Fannie Mae, and Freddie Mac in order to improve credit availability in the mortgage markets.

As Nevada’s senior senator and the Senate Majority Leader, I am committed to doing all I can to strengthen our nation’s economy and make Nevada an even better place to live. I very much appreciate your input regarding this matter, and assure you that I understand the important role that this bill will play for the financial security of all Americans. As Congress moves forward with housing legislation, you can be certain that I will keep all your thoughts in mind.

Again, thank you for taking the time to share your thoughts with me. I look forward to hearing from you in the near future. 

My best wishes to you.

Sincerely,

HARRY REID

United States Senator

Nevada 

 

Las Vegas Real Estate Values

 This is one of the most valuable posts you will read. I promise you that it will save or make you significantly more money buying and selling Las Vegas residential real estate. In this post I am going to give you the access to the information you need to make your own determination as to exactly when the best time is for you to buy or sell residential real estate is based upon your specific situation. You no longer need to rely on the local or national media to provide you with generic information telling you that the Las Vegas real estate market is strong or soft.  If you don’t want to read on any farther and want to see it now here it is.

Market Snapshot Report

Market Snapshot Report Sample

Yes, everyone knows that the Las Vegas Real Estate Market and the Summerlin Real Estate Markets are very slow right now. As I have state in previous posts there are several reasons for this most of which are related to an oversupply of available inventory and a shortage of demand which is causing home prices to trend downward.  I have also stated that now is a great time to purchase owner occupied single family homes for many reasons. I now want to provide you with a tool that provides you with the information necessary to make your own determination as to exactly when the best time is for you to buy or sell based upon your specific situation.

 I consider this software program to be the best program available at providing you with a monthly real estate market analysis report via email. It is extremely dynamic and provides you with a great deal of real time, valuable, user friendly, information, specific to your desire to sell or to purchase a property. It is user friendly and graphically easy to read and understand.

Just one of the features if the report is a dynamic user friendly graph that includs the actual supply and demand directly related to the exact zip code you live in (if selling) or wish to purchase a home in. You can graphically see the historic supply and demand trend of homes like yours or the one you are searching for. Just this one supply and demand graph tool, shows you exactly when the market is changing to time your sale or purchase to help you gain the maximum monitary benefit.

In the current market this information is primarily of benefit to a home buyer. As the market further develops the information will be of increasing benefit to the home seller. Since it is free and easy to use, now is a good time to start receiving the information so you can best understand the market timing and when it most benefits you to buy or sell. This is the link to subscribe to the monthly report or view a sample.

Market Snapshot Report

Market Snapshot Report Sample

If you have any questions or need any additional information just call or email me. You can also visit my other web sites listed here.

Las Vegas Real Estate

Summerlin Real Estate

The Vistas Homes