SOLD SOLD SOLD!!! Thank you for your business Oscar. We wish you many years of happiness in your new home! If there is ever anything we can assist you with in the future please let us know! ~ The Adams Team at Rothwell Gornt Companies.
Below are a few of my thoughts on the Las Vegas market right now:
-Inventory has decreased month after month for several months now pushing us more toward a seller's market. With that being said the market is fairly balanced right now. Buyer's do not have to over pay for properties any longer and sellers are expecting to get close to appraisal value for their properties.
-Many listings are listed way above value as some sellers and listing agents still believe it is 2012-2013. The listings priced correctly are still moving quickly.
-Some neighborhoods where the values skyrocketed we are seeing some correction as other surrounding neighborhoods catch up in value.
-We are stilling seeing around 6% CAP rates give or take. You can find some good deals from time to time and still get 9% etc but it takes a little more work to find those. If inventory continues to decrease I would think the higher CAP rates would become that much harder to find.
-Rates are still very low and there is a lot of talk about increasing rates in June as well as more talk about it increasing a quarter point in Q4 for 2015. We will see how it all plays out.
-New Builders are still building and asking too much. Many times the appraisals won't come in and builders either reduce the price or the buyer will come in with cash or a mix of both. New builds are still not a good deal in my opinion and haven't been for years.
-NOD's are up slightly the past few months but are still way below the 2009-2011 days. I don't see this being a major contributing factor to inventory in the very near future. If legislation changes then maybe this will come into play again but again I don't see anything changing this right now.
Thank you to all of our wonderful clients that take time out of their busy day to write such wonderful reviews for us!
"This was my first home buying experience and Robert Adams and his team made it successful. My agent, Kalani Lewis, was on top of every twist and turn of the process and was always available to answer my questions, provide options and solutions. I highly recommend anyone looking for help with real estate to contact this team of professionals. Thanks to Kalani Lewis and his expertise I am now a proud new homeowner."
See more of our Reviews here: http://www.lvrealestatehelp.com/reviewsrecommendations.html
I would like the opportunity to sell your home for you. I want to explain the list of benefits I can offer you as an experienced listing agent and show you how I can make you more money after the sale of your home than you trying to do it by yourself even after paying my commissions.
- I will run a free Comparative Market Analysis (CMA) for your property and neighborhood. From there we can discuss what I believe your home will appraise for as well as an accurate list price for your home in today's market. The market is constantly changing and pricing your home correctly is very important.
- I will hire a Professional Photographer to come out and take high quality pictures of your property so that your property is represented in the best light possible for all of your property's advertisements that I will place for you.
- If you wish I can add a Lock Box to the property.
- If you wish I can pay to Post a Sign on your property.
- I will create Professional Flyers for your listing and disburse them in your neighborhood as well as in the flyer box on the sign post.
- If you wish I can hold Open Houses that work with your schedule. I often times have lenders that will sponsor the Open House and provide answers to potential buyers in regard to their financing. The lenders often will provide a Snow Cone Truck to help capture the attention of people in the area. We also provide drinks, snacks, balloons, and more!
- I will use our enormous online presence to assure your listing is placed in front of buyers from around the world. We have "VIP" status, "Premier Agent" status, 1,000's of contributions on the Top Real Estate related websites and Las Vegas related websites. You can search for us on Google, Trulia, Zillow, etc and see our posts, reviews, and more. See more reviews here.
- I can use syndicating websites to send your listing to thousands of websites across the web.
- I pay for an email marketing plan that will send your listing to thousands of investors, agents, and other professionals in our network.
- And of course I will place your listing on the MLS exposing your home to thousands of Real Estate Agents in the Vegas Valley.
- I will take out paid ads for your property and place them in "Feature" position above your competition on major real estate websites.
I want to earn your business. Please contact me today to discuss your listing further. I look forward to doing business with you.
Another CLOSED deal for another happy buyer! Thank you for your business! ~ The Adams Team at Rothwell Gornt Companies
Congratulations to John on this wonderful Henderson Condo! We appreciate your business and wish you many years of happiness in your new home! ~ The Adams Team at Rothwell Gornt Companies
$80k Townhome for Sale. Same Model recently sold for $87k. Get your offer in ASAP! 2109 Willowbury Las Vegas, NV 89108
A must see! Beautiful 2 bedroom, 2 bathroom, individually gated cozy condo. Don't let this one get away. This property is in great condition. Turn key and ready to go. 900 sqft of living space with a private courtyard. The community and HOA fee covers the tennis courts, clubhouse, pool, and spa.
Sorry investors NO RENTERS in this community as the HOA has rental restrictions. If you are looking for a primary residence in a great community near Summerlin come see this one before it is gone. It is priced to sell at $80,000. The same model recently sold for $87,000.
OPEN HOUSE TODAY 3/28/2015 from 1pm to 3pm! NEW Pictures and will be listed later today! $289,999. This one will not last long!
1492 Sur Este Ave Las Vegas, NV 89123 ~ Open House Today!
Come grab a FREE Snow Cone at our OPEN HOUSE TODAY 3-28-2015 from 1pm to 3pm!
The pride of homeownership shows through on this beautiful 4 bedroom + 5th Bonus Room off Master Suite. With 2,588 sqft of living space and a huge open back yard this home has plenty of space to entertain. Granite counter tops, two tone paint, tile and carpet floors this home is in move in condition.
For showings and more info please call/text Angela Adams 702.466.3431 or Email AngelaAdams@LVrealestateHELP.com
New Listing Coming Saturday! OVER 2,500 sqft! 4 Bedrooms + 5th Bonus Room off of Master Suite! Large Backyard! Call for more info! OPEN HOUSE this Saturday 1pm to 3pm!
I will upload new pictures and additional info once we have it listed and we get the new pictures back from the professional photographer.
OPEN HOUSE THIS SATURDAY 1PM TO 3PM!!
Please call/text Angela Adams at 702.466.3431 or Email AngelaAdams@LVrealestateHELP.com for showings and more info on this home.
Open floor plan 1 bedroom condo, big walk in closet, new bathroom and kitchen, upgraded appliances included with a outside patio. This property is an investor's dream with a current tenant in place for the next 3 years.
-Located Gated Community with Pool and Spa
-Tenant in place for 3 years
Great start to 2015! 2 commercial buildings CLOSED! 2 Single Family Homes CLOSED! 1 Investment Condo CLOSED! 4 Qualified Tenants placed in Rentals CLOSED!
2015 is starting off right! In January 2015 The Adams Team at Rothwell Gornt Companies successfully closed on 2 commercial buildings, 2 single family homes, 1 condo, and we successfully placed 4 qualified tenants into rental properties.
I am proud of our team and look forward to many more wonderful deals in 2015!
Another happy investor! Locked up this buy and hold investment condo with 2 bedrooms for only $32,000!
Another Condo Sold! Congratulations Daniel on your new investment property! Please let us know if we can be of any further assistance in the future. ~ The Adams Team
Working after dark to get this wonderful family the keys to their new house tonight! Congratulations!
We wish you guys many wonderful memories in your new home! Thank you for your business and as always if there is anything you need please don't hesitate to call. ~ The Adams Team
Another HAPPY Buyer! This home was originally listed for $425k. After negotiations and seller/grant credits we locked it up for $297,600! See how The Adams Team at Rothwell Gornt Companies can save your THOUSANDS on your next purchase!
This is a recent deal we locked up for a buyer that I thought was worth sharing since the total out of pocket for the buyer was less than 1.5% of the purchase price (including down payment and closing costs). Here are the numbers:
-Originally Listed for $425k
-Purchase Price $320k
-Seller pays $9,500 in closing costs for buyer
-Home is Possible Program - 4% Non-Repayable Grant Credit ($12,800) toward Buyer's down payment
-Buyer pays $3,900 at closing. (Typical sale of $320k would put the buyer out of pocket about $26,000 in closing costs and down payment [at 5% DP)
-Home appraises for $335k.
-After all seller credits and state grants buyer bought the home for a net $297,600!
If you are a buyer looking for a professional team that can get you the best deal on your next home purchase please contact The Adams Team at Rothwell Gornt Companies today. We can explain any grants you may be eligible for as well as put you in contact with our lender that can guide you through the newest loan programs. Now that we have more inventory on the market we can often times get your closing costs paid for by the seller keeping THOUSANDS in your pocket!
Please start the buying process HERE.
Is your home's zip code still appreciating? Contact us today for a free Comparative Market Analysis on your home's value. We will explain the recent sales in your neighborhood that will effect your home's value. Also ask us about our team's aggressive marketing plan that will ensure your listing gets maximum exposure to buyers world wide! Watch our Seller Video here to see why we don't just list your home on the MLS and forget about you.
Another SOLD Listing ABOVE List Price from The Adams Team at Rothwell Gornt Companies. 1433 Eveing Song Henderson, NV 89012.
Congratulations to Anna on the recent sale of her home in Green Valley! We were able to help her sell the property ABOVE list price as well as complete the needed Kitech plumbing repairs (at no cost to the seller). We value your business and wish you the best! If there is ever anything else we can help you with please let us know! ~The Adams Team at Rothwell Gornt Companies
READ THE FULL FORBES ARTICLE WRITTEN BY MARK GREENE: http://www.forbes.com/sites/markgreene/2014/12/09/3-down-conventional-loans-are-here-for-real/
3% Down Conventional Loans Are Here For Real
"Last week I shared that this was coming but that no announcement had been made. Well here it is, officially announced on Monday, 12/08/2014 and effectively online over the weekend of 12/13/2014;Fannie Mae will offer 97% LTV financing to help home buyers who would otherwise qualify for a mortgage but may not have the resources for a larger down payment.
I read the FannieMae press release and the official Selling Guide Announcement SEL-2014-15 to see if either was signed by Santa Claus, but they were not. First time homebuyers can now in fact put as little as 3% down and get conventional financing (no longer confined to the FHA only box). There are no prohibitive restrictions; in fact if two people are buying a home, only one of them need be a first time buyer. Standard FannieMae underwriting guidelines and standard PMI coverage and costs apply. This is a significant mortgage financing event and should bring more first time buyers into the active home buyers’ pool.
I would expect to see mortgage and real estate people waiving the 3% down payment banner in all of the parades and in all of the advertising media in the months to come. Up until now, the limited-down-payment-first-time-home-buyer market was sorely underserved primarily with HUD insured FHA financing as the primary option. As FHA mortgage insurance (MIP) costs have risen to dizzying heights in the last few years, consumers in this market segment stepped back to assemble more down payment and qualifying virtues to secure conventional financing. Expensive FHA upfront and monthly mortgage insurance made the economics of low down payment mortgage financing prohibitive.
Enter 3% down payment conventional mortgage financing and the landscape changes dramatically. Conventional financing does not handcuff borrowers to mortgage insurance forever like FHA MIP does. Once equity targets (20% – 22%) are reached, current appraisal supported value can eliminate conventional PMI (Private Mortgage Insurance). Not so with that FHA MIP, once you get it, the only way to get rid of it is to refinance out of the FHA loan or sell the house!
And let us not forget about that upfront FHA MIP insurance which is 1.75% of the loan amount added to the loan. So a $200,000 FHA loan would actually start at $203,500 ($3,500 for the upfront MIP). I did not make that up, go look it up for yourself!
By the way, conventional PMI (Private Mortgage Insurance) has no upfront PMI, never has.
If you were a first time homebuyer with a limited amount of money for a down payment, which would you choose?
I gotta’ think that the justification model for that ever increasing FHA MIP is getting a hard second look over at HUD. Or at least I certainly hope that it is, otherwise these new FannieMae enhancements will further erode already reduced FHA loan volume. With the MMI (Mutual Mortgage Insurance) Fund already running an unsustainable deficit, reduced FHA volume and the reduction in the attendant MIP will visit the kind of financial crisis upon HUD that may necessitate a dreaded bailout.
Historically, Commissioner Galante and her team respond with increasing FHA MIP to solve the MMI Fund deficit management issue. Not sure if that will help this time because all of those potential MIP contributors will be over at FannieMae making payments on their 3% down conventional loans."
READ THE FULL FORBES ARTICLE WRITTEN BY MARK GREENE: http://www.forbes.com/sites/markgreene/2014/12/09/3-down-conventional-loans-are-here-for-real/
If you want to see what you loan programs you qualify for please contact me directly and I can put you in contact with our lenders. They can run your entire financial scenario and explain all of your financing options. This is a free, no obligation service.
Partially Built Custom Home For Sale in Guard Gated Southern Highlands Country Club for $799,000. Plans/Budget for completion available upon request.
***PRICE REDUCED $100,000 BRING ALL OFFERS*** PARTIALLY BUILT CUSTOM HOME LOCATED IN SOUTHERN HIGHLANDS COUNTRY CLUB. sold in As-Is Condition. HOUSE HAS 4 BEDROOMS, 5.5 BATHS PLUS A POOL BATH OUTSIDE. LAUNDRY ROOM UPSTAIRS AND DOWN. THERE IS A WET BAR AND A PANTRY PLUS A BUTLERS PANTRY. COVERED PATIO AND A BEAUTIFUL 2ND FLOOR BALCONY. DESIGNED WITH A SPACIOUS OPEN FLOOR PLAN! THIS HOME IS ACTUALLY 6,000 SQFT NOT 5,600 AS THE TAX RECORDS SHOW.
WE CAN PROVIDE YOU WITH THE BUDGET FOR COMPLETION UPON REQUEST. CONTACT US TODAY FOR MORE INFO AND SHOWINGS.
For all those FHA buyers out there that were hoping the FHA loan limits would be raised in 2015, you will be disappointed to hear that the FHA loan limit will remain $287,500 for Clark County in 2015.
You can look up the FHA loan limits by County here: https://entp.hud.gov/idapp/html/hicostlook.cfm
If you need a loan for more than $287,500 you will need to use another type of loan.
If you want to know what your financing options are please contact me today and I can refer you to our lender. From there they will review your entire financial scenario and explain what loan options are available to you. If you would like to receive listings that match your buying criteria please start your free search here: http://www.lvrealestatehelp.com/buying-real-estate.html
We appreciate your business!
Back on the Market, buyer's financing fell through! Get your offer in before it is gone again! Green Valley Single Family home FOR SALE only $175k!
A Gorgeous MOVE IN READY, 2 story home located by Stephanie and the 215. Rare Shower Bathroom downstairs. 2 Master Bedrooms! Shows Like a Model! Many upgrades: Ceiling Fans, New Blinds & solar screens (big Savings) Throughout. The Living Room Features Tile Flooring. Beautifully Landscaped Backyard with Patio Cover. Community is Gated with a Beautiful Swimming Pool and Spa. Water included with HOA! This is a Must See HOME!
For more info and showings contact Kalani Lewis at 702.769.6391 or KalaniLewis@LVrealestateHELP.com
Fully remodeled, fully furnished studio in the Art District Downtown Las Vegas.
water, power, gas, trash, cable and high speed internet.
- 1 Bath
- 475 sqft
- Fully furnished
- Move in ready/fully remodeled
- Security Deposit $650
For more info and showings please contact Kalani Lewis at: 702-769-6391 or KalaniLewis@LVrealestateHELP.com
Paul Hagey with Inman News reported that, "It’s official: Global media giant News Corp. now owns realtor.com operator Move Inc., with the $950 million deal closing today.News Corp. owns media outlets around the world including The Wall Street Journal, Barron’s, HarperCollins Publishers and London-based The Times. Those assets are expected to expand realtor.com’s reach in ways that haven’t been detailed yet."
I hope News Corp can get Move to wake up and get Realtor.com back to being the number one source for online real estate consumers. Move has done a HORRIBLE job so far and has let Zillow, Trulia, and Redfin become leaders of our industry over the past several years.
You can read his full article HERE