Date Archives: November 2019

For decades, 20 percent was the traditional benchmark for down payments on a purchase of Las Vegas homes for sale, but today's real estate market has changed. According to data from the National Association of Realtors, approximately 60 percent of homebuyers make a down payment of six percent or less.

Do you still see the down payment as an obstacle to your dream of homeownership? Use these helpful saving tips that have been successful for clients of our brokers.

1. Determine a Target Number
   Once you've established a price range of homes within your means, calculate different down payment amounts to see your options. Prequalification, through a lender or online site like NerdWallet, is a great tool to help. 
   
   
2. Create a Budget
   Every goal needs a specific plan. Make a complete list of expenses, then set a reasonable timeline, so you know how much to put away each month. Breaking the total down into smaller amounts is also psychologically less intimidating.
   
   
3. Automate Savings
   Technology makes it easy to save money painlessly. Set up a payroll transfer or other automatic transfer program like Digit to deposit money in a savings account before it ever gets in your hands.

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Living in Las Vegas means you are always close to the hustle and bustle of the big city. But it also means you're never far from stunning, natural beauty. Clark County is home to some of Nevada's most breathtaking natural scenery, and there's no better example than Gold Butte National Monument. This sprawling outdoor space covers nearly 300,000 acres, filled with red sandstone formations, soaring mountains, gorgeous canyons, and amazing rock art. You can drive through much of this natural space, or go on a hike to see things up close. Our brokers have all the exciting details on what to expect when you visit the Gold Butte National Monument.

• Get to Know Gold Butte National Monument
  The amazing Gold Butte National Monument is easy to reach from Las Vegas homes for sale and provides nearly endless natural spaces to explore. Gold Butte National Monument was established by Presidential Proclamation in 2016 and covers 296,937 acres of natural beauty. This area has been settled for many centuries, and you can still see the art created by members of the Paiute Tribe who lived here thousands of years ago. Gold Butte National Monument is also a wildlife sanctuary, protecting the unique ecosystems native to the area.

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As a seller, do you hold your breath during a home inspection, praying it won't sabotage the sale? According to the National Association of Realtors, nearly one-third of home sale transactions that collapse before closing are due to problems uncovered by the inspection.

Don't leave the results to chance. Take charge with these proactive home inspection tips our brokers have learned over years of experience.

1. Understand the Purpose of an Inspection
   With the financial investment involved, home buyers are entitled to an accurate evaluation of the property's condition. Inspectors will review everything, but primary issues of concern are problems involving safety, structural defects, and building code violations. 
   
   
2. Clean the House Thoroughly
   No, a dirty floor won't impact the report per se. What it will do is cause the inspector to question the quality of overall maintenance right from the start.
   
   
3. Do Your Own Walk-Through
   Go through your home top to bottom, viewing it with a buyer's eye. Look for leaks and water damage, mold, bugs, damaged fixtures, and other problems. Don't overlook seemingly minor issues such as burned-out light bulbs or running toilets. 
   
   
4. Provide Total Access
   Inspectors need to check every part of the home, so make sure to unlock the attic, clear a space around the furnace and hot water heater and remove any clutter. Don't forget about the garage and exterior, including the yard.
   
   
5. Keep the House Fully Operational 
   If you're not currently living in the home, leave the utilities on so the inspector can check appliances, test the HVAC and run hot and cold water.
   
   
6. Have Paperwork in Order
   Are the appliances under active warranty? Did you have the chimney cleaned recently? Gather receipts and documentation related to major purchases and maintenance to put in a folder for reference.
   
   
7. Be Ready on Time
   As with most service people, an inspector's time is money. They have schedules to keep, and proceedings will get off on the wrong foot if you keep them waiting.
   
   
8. Make Yourself Scarce
   Inspectors have a tough time doing their job properly with anxious owners hovering over their shoulder. Leave the home for the duration of the inspection and take any pets with you. Your real estate agent should be on hand to represent your interests.
   
   
9. Don't Panic at the Results
   Nothing's perfect, so the inspection is bound to turn up at least a few issues. Fortunately, most buyers understand. Don't assume you'll have to deal with every single point noted on the report. Consult with your real estate agent to determine which issues are priorities.
   
   
10. Have a Plan B
    Everything is negotiable, and that includes the findings in the inspection report. If you would prefer not to do repairs yourself, offer a credit or reduced price as an incentive. Creative options include funding a one-year subscription to a home warranty program and bartering for furniture, appliances, or other items a buyer may want.
    
    
11. Consider a Pre-Listing Inspection
    Forewarned is forearmed. Getting your own inspection beforehand can be well worth the expense by giving you advance notice of potential problems. If the inspection comes up clean, you'll have peace of mind knowing your home is ready for sale.

Are you looking for experienced help navigating the ins and outs of Las Vegas homes for sale? Contact us at Wardley Real Estate for more information.

Did you know that there's only one event every year that shuts down the Las Vegas Strip at night? That event is the one, and only Rock 'N' Roll Las Vegas, a series of races held every fall in the city. While the big races happen on Sunday, Rock 'N' Roll Las Vegas features a full weekend of events, including a marathon, half-marathon, 5k/10k runs, and of course, plenty of great places to enjoy a party after your run. Our brokers have all of the exciting details on what you can expect from Rock 'N' Roll Las Vegas in 2019.

Rock 'N' Roll Las Vegas - Nov. 14, 2019: What to Expect This Year

• See the Strip from a New Perspective
  Las Vegas homes for sale give you access to all of the fantastic attractions that the city has to offer including Rock 'N' Roll Las Vegas. Head for the Strip with more than 20,000 runners of all ages and experience levels, with your run taking place under the glitz, glamour, and neon lights of Las Vegas. Try to set a personal best in your favorite race, or take it easy, soak in the atmosphere, and enjoy the spectacle.

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