Las Vegas Real Estate NOW

Homeowners are wondering on what is going on with home mortgages. Right now, mortgage rates are really good it also depending on how much money you are willing to put down, credit scores and etcetera. Because of the Corona virus situation, the mortgage market with the GFC (government sponsored entities) like Freddy Mac, Ginnie Mae these are the mortgage securities and they buy up loans to help keep the cash flow and the market flow. They have been a little reluctance to want to buy up more on some types of loans. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Let’s talk about the market conditions for week, now this is only single family homes and we currently have 6,360 homes available we are going based off of past seven days 505 went into escrow that went up by 47 from the prior week and we have closed 369 homes and our closing are down by 41, and 130 homes have been withdrawn from the market that is down from last week. The median sold price was $306,600 and that was down almost about $10,000. The median sold price per square foot $174.46, that is up almost $9.00 dollars and the median days on the market is 34 and it went down by one day. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Now this is only single family homes and this data is from the prior week, we have 6,405 single family homes on the market. That is 70 more from the week before, interestingly we had 458 homes in escrow that is huge jump from last week and went up by 144. We closed 410 homes it went up by 47 homes, the withdrawn are up too there is 154 homes that were withdrawn and went up by 88. Stay tuned to hear more and here what Rick has to say about the stats! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Where did behavior economics come from first, so about 10 years ago economist put up this great model out there and said that the stock market is going to go up because we are having wonderful earnings and the market is going to go down because we have an event like COVID-19 nothing is working because people are not going to work. That explains a lot of the market but that does not explain where things are going based on behavior and for an example the money that I have and make a pay check I treat it differently than the money I make from the stock market, bank accounts or etcetera. Stay tuned to hear more about what Kerry Johnson has to say about behavior economics! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Let’s talk about mortgages, Harvey’s clients are calling him asking questions on what is going on with rates? Right now, we are at a good place with interest rates they are very attractive, and we are at a very low level and far lower than what we were a year ago in interest rates. It is interesting on what the federal reserve is doing they are really supporting the bond market for mortgages and other forms of borrowing. Which is allowing interest rates to stabilize due to everything that is going on there is issues beneath the headline of mortgages. Part of determining what interest rates are is profit streams of a mortgage, there is the interest rate profit itself and there is a second part which is the long-term servicing premium for that mortgage. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

First is that your tax return are not due on April 15th, 2020, your tax return will now be July 15th 2020 and if you do not have it done by July you can put an extension until October 15th, 2020. To go along with that if you are required to make the estimated tax payments this will be a little confusing, your first estimated tax payment is due July 15th and your second estimated tax payment is due July 15, your second due is due before your first quarter is due. Second thing to talk about is those $1,200 checks coming through everyone is entitled for the $1,200 check there is some limitations but if you are making under $99,000 a year you’re good to go and also if have children in the home that are under 18 you are going to get a $500 check for each one of those children. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/

When you look at real estate data on a weekly basis there could be serious anomalies and we don’t want to overreact to any data but I want you to give you guys an idea of what is the market is doing. This is single family homes data and the number of available homes this week we have 5,655, in escrow we have 448 and we sold 567 in the last week, 204 properties that were withdrawn. The median sold price is $317,030 and the median sold price square foot was $175.32, median days on the market is 18 days. From last week we have grown by 502 homes, we have reduced by the number of homes that went into escrow almost by two hundred in this past week. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

There is a statue that is called “deed upon death” it was made around 2011 and the reason why it brought up today is because we continue to see orders at Equity Title that opened up which title was acquired by one of these deed upon death. The way it works it that the signer of the dead upon death signs and records a deed naming whoever they want to as grantees often times their children and it does not become affective until that grantors death. This often promoted as a way to avoid probate and unfortunately it does NOT avoid probate and that is an issue and people should be aware of this. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Stock market is going nuts and people are panicking due to the Corona virus but what is the impact on the mortgage industry? Things are moving super-fast and violently, that is not a good sign for interest rates and here is why lenders get interest rates that are set for the morning and they last about two days and it rechanges slightly on a daily basis. In the last couple of days there has been multiple changes per day meaning going higher and higher again and going lower and then going back to higher again. Interest rates are all over the place and the market out there is what sets interest rates for mortgages is making bigger moves in much shorter time that are going to catch people off guard. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

Currently we have 4,569 single family homes available, we have 4,547 under contract or in escrow and in the last 30 days we have sold 2,753 and that leaves us with the months of inventory of an absorption rate of 1.69. We have less than two months’ worth of inventory currently available to buyers right now that is very low. Our average days on the market are 48-day, last month we the numbers are bigger inventory continues to shrink again which turns this into more of a sellers’ market right now, but it is not a crazy sellers’ market right now. So, sellers don’t start thinking you can start over pricing, buyers are still looking for value and there is value out there. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

There is a lot of new homes being built in the Las Vegas valley and Ben Grove gets asked should I be getting a home inspection for my new home build? The answer is yes you should and there is a reason for that when you talk to your builder they will let you know about home warranty that you are getting and that is usually bumper to bumper for everything for the house in the first year. That is one of the advantages when buying a new home but there is a couple of things that Spectrum Inspection wants to do is make sure that there is no major problem with the house and looks at structure things and they also do some stage of construction inspection. Which is a walk through, the framing process, insulation process Spectrum Inspections want to make sure everything is up to standards. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Realtors are self-employment income and are private contractors they usually deal with some issues. First, we want to look at the difference between self-employed consultant or outside contractor employee. Employee is when punch in a punch card and at the end of the two weeks you get a paycheck. When you received that paycheck your federal holdings, Medicare and social security is taking out and the employer is providing mostly all items an employee would need. However, an independent contractor they are both the employee and employer they are responsible for what is called self-employment taxes which is your federal and Medicare. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

How should you hold title when you buy a home? For some people the way they do is having a trust and it is honestly the best way to do it a trust helps you avoid probate. What probate does is that the court decides on who owns your property after you have passed away. If your property is in a trust and the trust owns the property while you are alive or have passed away it does not change so there is no need for probate. Also, a trust gives you a lot more control on what you do with your property and often they will choose joint tenancy. It is a scary thing reason for that joint tenancy most people do not understand what it is. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Ibuyers are calling themselves disruptors of the system and truth be told they are not new they are just bigger than they were before. But there has always been people out there that have been flippers ibuyers are just a huge flipper. Ultimately you are trading off money for time and in general what people are seeing is that you’re going to net somewhere in the neighborhood about 10 % less of your house or more using one of those programs. They are buying your home to profit from it. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

TARP funds have come back and there is something that the audience needs to know about it is a program that has been reactivated and it is called Hope Brings You Home Program this is a down payment assistance. It is using the money that came originally from the TARP funds that were allocated to the state of Nevada. If you go back to the time of the crash as part of the government efforts to stabilize the nation ultimately, they distribute funds out to the hardest areas in Nevada. They allocated about $55 million to our market and that money did not get used to actually help people during the time of the crash there was money left over and was not spending it. So, the state ended up in a position where they did not spend it and either had to return the monies back to the federal government or use it in an appropriate way. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

Las Vegas Young Orchestra 2020 season starts this weekend! The Night of the Opera is the first ever that show will be on Saturday 22nd, 2020 at 7:00 pm at the Windmill Library you can get tickets online at LVYAO.org/tickets or you can go to our website (please see below) tickets for students are $10.00 and Standard Admission is $20.00. Upcoming event is a big one at the Smith Center and it will be the music of Harry Potter it is amazing production the tickets go from $40.00-$60.00 a person, it’s a great place to go to if you are looking for entertainment and the Smith Centers is just so beautiful. Stay tune to hear more about Las Vegas Young Orchestra upcoming events! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

We know that the market was up 24% year over year (January 2019-January 2020) interesting thing for each segment of the market it has increased. We saw the single-family homes, townhomes, condos, the vertical space and luxury spaced over a million dollars, all of those segments have now increased for year over year in January and the projects in February seems to be about the same. We are going to see an increase in year over year and start the year pretty strong compared to last year. Equity Title is running more property information through their customer service now than they have in a very long time. Activity level is extremely high right now and it looks like it will project to continue. Couple of things to point out is to look at the supply interesting enough over the last two years has built up. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

There was an article that came out about 3 strategies for living longer in your home. Harveys clients would come to him and express that they would like to downsize its now called “right sizing” but the point is that lots of clients want to stay in their home instead of moving. They love their home and been it for a very long time. The first point is walking your way to health any type of physical activities is good for your health. Maintain activity and do things don’t just sit all day on the sofa and watch game shows. The second point that they make is to embrace one floor living if you currently live in a two story home and you want to stay there but your bedroom is upstairs see if you can rearrange that property somehow to get that bedroom downstairs so you are not climbing up those stairs every day. As we get older stairs start becoming a problem. The third is get comfortable with technology this one is a little bit more challenging compare to the others; technology is rapidly changing. The importance of it is that matures need to understand smart home technology will help a lot. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

This is our monthly market update for February, we currently have 5,209 single family homes on the market, and we have 3,700 under contract and we have 2,274 that were sold in the last 30 days. That leaves us with 2.29 months of inventory available right now, meaning it would take 2.29 months to sell all the current existing inventory which it is a low number for this time of year and our inventory is shrinking. That is an average day on market of 51 days. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

We talked about earnest money dispute there was an article that stated if the deal doesn’t go through who gets the earnest money deposit? Our answer is it depends and what is the reason why someone might not get the funds. Question to ask is who default on the contract for an example if the buyer has no more contingencies left and they no longer want the house and the contract that we use here in Las Vegas states that if the buyer defaults they have to give the earnest money to the seller. It would be fair in general terms that if the buyer cancels based on any one of the contingencies that is allowed on the contract and do it on a timeline of that contingency and I am the buyer I would receive my earnest money deposit back. It is important to mention a couple of items about the earnest money dispute in regardless to what our GLVAR contract says and automatically get the money back if you cancel on some type of contingency you are not going to get it back unless both parties (seller and buyer) agree to sign to release those funds escrow companies cannot release until they received that signed addendum from both parties. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

First lets discussed is the Sellers Real Property Disclosure form known as SRPD it is a very important document that we utilize here in Nevada. Not all the sellers have to fill out this form and here is the catch the requirements are one to four units residential in another words the law says not less than one unit and no more than 4 and there are a few exemptions. The important thing is that has come up recently is that the seller must fill it out so even if someone else is authorized to sign other documents this one document that the seller must sign and fill out completely. Because it is the seller’s knowledge or awareness about the home and the broker would get into trouble as well due to the SRPD if it is not filled out by the seller themselves that would be an improper document. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Wire fraud is criminals try to steal your money that you are going to be sending to either a title company or maybe purchasing a car any types of large purchases. They insert themselves into a real estate transaction by monitoring emails and they are probably sitting in your emails and have been there for a while because of a virus you might have that you didn’t know about on your computer or your passwords have been jeopardized or what ever the case might be. What they are trying to do is to redirect the wire transfer and you are supposed to send it their bank account. They do that by sending or having you believe that you’re sending the money to the right place and you are not you are sending it directly to them. With wire fraud you initiated the wire and you are the one that sent it to the wrong place and escrow companies have seen it multiple times in this industry there will be time when they can get the money back and times when the money is long gone. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

La Mansion is a boutique, luxurious assisted living home and the reason why they call it a boutique is because they only have 12 suites in comparison to all other assisted living and have hundreds of rooms and La Mansion is more of a personalized care. It is a beautiful place and they want people to know about it and come visit it as it is now open to the public. It’s such a gorgeous home it sits on 5 acres of property and this is for people that need assisted living or independent living and La Mansion has personal care for the residents on the property they have a gym and they have a lift for any one in wheelchair can have access to the gym. This home is perfect for everyone and there are no limitations they can get around everywhere and aside from the gym includes a sauna, steam room and the best part there is a juice bar inside! There is also a theater it is magnificent, beautiful luxurious seats, it is a professional theater! There is walking trails to enjoy some nature and not to worry about the public because it is a private estate. Stay tune to hear more about La Mansion! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Today we are in a lower inventory market and when you in a lower inventory market by the time a buyer needs to take the time to really understand and ask themselves those questions “what am I looking for” or “what do I want?” Now take the time to really get inside of your self because now it is not the time to figure it out no one surface answers you really want to think about it. Because in a low inventory market when you do find the home that comes closes that fitting your needs you need to move on it that reason being said is that good properties do not linger. Another aspect to this is hitting the negotiation you have two choices you can do your very best to set yourself up to be the best negotiation ability for you and for what you are trying to create or you can lessen that and these times of scenarios you cannot forget. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Before you start looking at homes you need to talk to a lender first and let’s assume you are not paying in cash you will need to borrow some money from a lender. This is what heart breaking for people is looking at certain price of homes without knowing what you can qualify and now you except more of the home making it so much harder finding a home in the price range you qualify for. Example if you look at $500,000 home and can only qualify for $400,000 you will never be satisfied and understand those pieces before you go see the first home is really important. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

You can’t turn on the radio or tv station without some telling you need to buy a new air conditioner because of R-22 has been out lawed. So, there is no new production of R-22 refrigerant it is true you can still get it for a long time, and it is going to be able if you have an older R-22 system. You don’t necessarily have to replace your air conditioner today just because you have an older R-22 system. There is probably enough to last quite some time they were producing it pretty heavy, but it is expensive. If you have an older system be prepared to spend some bucks or if you have a home warranty most likely they will not cover it the full amount. Say your system is about 20 years old you probably should be thinking about upgrading and it will be more efficient you’ll end up saving money. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

All loan limits went up here in Clark County in 2020 and FHA went up to $345,000 it is still 3.5 percent down and all of conventional loans went up as well to $510,400 so now it is no longer a jumbo when you are going over the $470,000. Buyers need to know that you can now do a conforming loan and that just put everyone’s listing that are about $600,000 little more attractive just because some people do have that 10 percent to put down. VA did something different this time they change their guidelines but have not made many changes in the last 15 years and some of the changes are the raised up the VA funding fee for the first time use but it is discounted if they want to do a 5 percent down. Just because VA is still zero down. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

This is the first monthly market update for 2020! Currently we have that are on the market are 5,763 single family homes on the market right now. We now have 3,093 that are in escrow or in another terms under contract. There are 2,407 homes that have sold in the last 30 days and that leaves us with 2.39 months of inventory currently available with an average day on the market are 49. Ff you compare it to last month the inventory shrunk a little bit are activity was up and months of inventory drop. When you compare to last year (2019) we had a lot more inventory and had a lot more volume. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

FHA is a great loan program and it is practically to the consumers that have had challenges with their credit that would be a good reason why to chose FHA and if your FISCO score is below 660 or lower and it the interest might be lower than a conventional loan. Also, it is a small down payment it is about 3.5% for most of FHA loans considering the client has a FISCO score of 660 or below it is going to require a little more of a down payment, but it is doable. FHA looks for a 10% down payment when purchasing a property to be fair with the public. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

For anyone that sold or bought in 2019 they need to go back and grab those documents whichever title company you went with that closed your transaction and they will provide you with a closing package at one point of the transaction and maybe it was thrown in a box and not know where it is. If you do remember the company, you closed with (title company) and asked them regarding there closing statement it is the most important document that you are going to need and if you were a seller there may have been a 10-99 issued to you which will be very important around tax season. The 10-99 would be also including in the closing package as well. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

There are more cases of consumers going after these Real Estate Agents who are either part of the LLC or some type of the arrangement worked out with them. What the consumer needs to know is that it might be a buried on them because these people are just trying to make money, they are getting the work done cheaply or they are not getting licensed contractors when flipping the property. We recommend that you always do a home inspection and let that inspector be very thorough. But the only problem is that it excludes a lot of things and some buyer agents don’t want it to make too difficult on themselves and they are having clients waive roof and structural inspections. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Revel Las Vegas is a lifestyle so many people these days really don’t want the upkeep of the home or an empty nester or maintenance you don’t want to deal with. Revel is a great alterative you come to Revel it is a wonderful environment, Revel wants to support and help you live the life that you always wanted to live. Revel takes care of everything for you like housekeeping, maintenance and things like that. It is almost like living unretired you get to choose the way you want to live day to day and things you want to do, and everything is at your fingertips. Revel campus is like a little town if you want to go hiking they will get the transportation and get the maps for you or maybe you want to see a movie they have a movie theater or even have a glass a wine at the pub. There are many things to do at Revel please contact us if you are interested. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Do I need my settlement Statement? by Harvey Blankfeld

When Ben goes to do inspections, he has notice that people are changing their home. There is a lot of new things coming out as far as control and interact with their houses. Houses are becoming very interactive you can communicate with a lot of different things and up until now is how to consolidate all of these things so maybe you have one app that controls all of these things like the light and another app that controls your garage door. There is a couple of big companies that are creating software to be able to control them all in just one app. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Comparing to last year’s market we are slowing down quite a bit also for resale we have seen a big rise of inventory. We are seeing listing that haven’t received any offers go up and the number of sales has gone down both resale and new construction. Pricing in resale homes are still rising but they are not going up nearly as fast as they were a year ago. A year ago, around this time we have notice 13 or 14 percent on year over year growth and right now it is at 3 or 4 percent. There is a deal that was announced about a week ago a builder out of Southern California they have reached a deal over two billion dollars to buy William Lyon Homes they are a big builder. They have built The Infinity condo townhouses by Red Rock. In Pahrump they are developing The Mountain Falls community which is a very big golf course. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

There are a few things that the clients should be thinking about first of if you bought or sold a home in 2019 you should have a copy of your settlement statement have it handy once you go do your taxes and might get some benefits when providing to your CPA. Another thing to do is to look at the Clark County assessor’s website and it is annual check up for homeowners to make sure there aren’t any surprised liens or judgements on the property. You should check these at least once a year also look into the treasures website to see If your lender is paying off the property taxes. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Huge announcement we have today on the show, and it is exclusive information. The VA announced that beginning of January 1st, 2020 they are removing maximum limit on VA loans for no down payments. So, what that means you go to John Ingram today and are a resident of Clark County and get a loan from John the max he can give you is roughly around $484,000 with NO DOWN PAYMENT! Now beginning January 1st, you can qualify up to 1 MILLION in HALF and NO MONEY DOWN! Assume you have your full entitlement and subject to you if you are qualifying for the loan now if all of those exists. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

Someone that is an independent contractor and provided services to you and you have paid them in excess of six-hundreds of dollars needs to receive a 10-99 at the end of the year. Anyone that received more than $600 dollars through a course of business throughout the year needs to get a 10-99. With the payer the person who is contract with the independent contractor needs to get form (10-99). Now that gives the independent contractor address and their tax identification number and they engager of the services can send out the form 10-99 timely and those forms are due no later than January 31st of the acceding year. Stay tune to hear more on the requirements on how to complete a 10-99 form! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Currently available we have 7,540 now these are only single-family residents. Now these are under contract homes we have currently 3,582, sold in the last 30 days 2,630 and now that leaves us with number of months of inventory of 2.87. If you were take the number of homes of available against the ones that were sold we got a little less than 3 months’ worth of inventory available right now. The average days on market right now are 45 last month it was 43 and last year (2018) was 32. The data is pretty similar compare to last year not all that different. Although we had a little less time on the market last year, but all of the other numbers are very similar. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

There is a contract that attorneys come up with and it is called the decree for a married couple getting divorced. There are specific terms that divorcee need to be thinking about and the first thing to say to yourself is that if you are actively in the progress of getting divorced and are legally married still but not yet divorced you are kind in limbo. A mortgage will look at you and say until you are sort of future obligation and responsibility are laid out on and agreed too. Lenders can actually give you financing recently John has had a number of people approach him and ask him “I know I am divorcing and I would like to buy a house and can I do that without my spouses involvement.” It comes down to play a piece on the community property aspects and a property state like Nevada the house has some level of ownership of that property if it is purchased in the time of time of the marriage. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

This is Young Artists Orchestra fifth season doing the Alumni showcase and they are still doing all of their variety of stuff it is almost like a fancy buffet. LVYAO doesn’t just play classical music and this year they had such a great start in the season they had two shows of them was sold out and the other one nearly sold out. The Cuban show was so popular, and they might end up doing another show next year (2020) and Yunior hired the singer to come for next show it brought so many people to the hall. There is going to be a Swan Lake concert coming up in December and some of the songs from Swan Lake are paired with a song called Rebirth it is a Canadian composer. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

On our Brown Blankfeld website that people use for Real Estate purposes and Rick chimes in those that are really important just to get information. Rick talks about three important websites and they are Clark County Recorder, Clark County Assessor and County Treasure. The great thing about the County’s website is that they are resourceful, and you can reach all of the websites at clarkcounty.NV.gov. First let’s talk about the Clark County Assessor website and title company uses this a lot to pull records and who were the property owners and a recorded deed can be find there through a document viewer. You can get characteristics of a property on they assessors page. Stay tune to hear more about the other two websites and what they have to offer! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

There are special needs for our mature client’s things that they need and other do not. For instance, let’s talk about protecting our mature and wise audience from scams because they have not been exposed to a lot of the online stuff that we have seen in the past that we are seeing now. One thing that Harvey found in the SRES packages is information that they share with REALTORS and the information is passed on to the clients to be aware of phone scams. This has been a big deal lately we have seen a lot of frauds and these people that commit these types of frauds are trigger words. Harvey gets some pointers on how not to be scam on the phone first register your phone on the do not call list. It is supposed to reduce the calls you get from solicitors. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

How to be a successful REALTOR by Harvey Blankfeld

In the state of Nevada there is a variety of ways to hold title Rick talks about the most common ways used here in Nevada. First one is Tenants in Common it is basically described as ownership divided by a percentage is the best way to be able to explain that. Ownership when one of them passes away it will have to go through probate. Second is Joint Tenants works or the way Ricks calls it “the last man or woman standing” it needs to be two or more people and as individuals pass away then the ownership is now divided among the remaining living people. It will continually go down the chain until the last person is standing and will own 100% of that property. A way to avoid probate a couple should put it in a trust and that is another form of how title can be hold. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Harvey reads an article he pulled out of the Review Journal and it talks about how the homes in the us has have risen 5% of the past year and will continue to rise but even that certain homes might not. What they are talking about is that there are ways that can influence your home and hurt the value. The first one is that your home is dated compare to the nearby properties. Second item is that you are not staying on top home maintenance, one thing that is important to look at is floor plan, level of finish the condition of the property and dirty air filters. Some thing else that will make your home lose value if your neighbor is not maintaining their home that becomes a problem because when a prospect buyer is driving in the neighborhood. They see that the front yard of your neighbor is trashed it doesn’t look well and turns away that buyer. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Sometimes it is not always best to refinance your loan what you need to look for in the mortgage is more than just your monthly payment. The most common reason John tells them is not to refinance is that the client will not receive a benefit from it in the refinance in real saved dollars. Idea here is yes you can refinance your loan possibly lower your interest rate and save some money on your monthly payment. But if the dollars you are spending to do that refinancing which is very commonly not thought about because it is hidden in the equity of the house. Your loan balance is going up is part of the refinance that is the most common way for a refinance. If you look how long, it will take you to break even on your refinance and how long you told the lender how long you are going to live at the property sometimes it isn’t worth going through that trouble. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

The reason why you need to have so much paperwork turned into your lender is to prevent bad things from happening to the real estate industry and housing market overall. Lenders came out with a rule to make sure that lenders are only giving loans that are relatively safe to give. That means lenders must evaluate all characteristics that borrowers that go into their ability to pay back this money and they have basically drawn up a box that requires everyone to show that they are inside the box via their paperwork. It doesn’t matter if you have an 800-credit score and you are prefect lenders still need to prove your income, prove you still have the money and have to prove that you have paid your bills on time. Even if you put down 50% regardless a lender will need to put you in the same process to make sure. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

Currently available these are single family homes we currently have 7,858 homes available. We have 3,763 currently under contract, we have 2,924 that have been sold in the last 30 days. That leaves us with 2.69 months of inventory currently on our market in single family homes, average days on market are 43 days. Now we will compare to last month (September) to this month (October) we had 46 days on the market we have come down a little bit. We have gone down on activity in terms of what has went into contract and we closed a few more. The last two months were very close to each other. Stay tune to hear more about our market in October! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

The nature of wire fraud is so devious and nasty it is not just in real estate, but it is anytime you are sending a wire. Here is what happens there are numerous of ways that these crooks will steal your money. If you are in a middle of a real estate transaction, they love that because of the big stack of money. What the hackers are going to do they will send you an email it will look like it came from title company, the real estate company or even the lenders company. The scammers get so creative and will have the company logos and they will also say “hey we need you to wire the money here for your transaction.” Before you know it, your money is in a foreign country and it is gone trying to get that money back is extremely difficult to get back and if not impossible. There is a couple of things you can do to protect yourself from that situation you are going to have communication through email that is just how the business works today. Don’t forget about the phone, pick up the phone and verify what was sent to you. Stay tune to hear more about wire fraud and property profile! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/