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Ever wondered why the Las Vegas real estate market is hitting the brakes? This episode promises to unravel the slowdown, with over 5,000 single-family homes lingering on the market and only 343 sold last week. We dissect the impact of soaring interest rates and share some eyebrow-raising stories about the lengths agents are going to sell homes, including offering creative incentives. Despite a half-point drop in the Fed rate, mortgage rates have climbed due to bond market fluctuations, creating a tough terrain for sellers and agents alike.

Concerned about the housing market trends? We tackle Leslie's worries head-on, explaining the difference between a market crash and a market correction. While price reductions might seem alarming, they actually open doors for buyers looking to negotiate lower offers and extra concessions. We'll also dive into the frustrations of failed transactions and the common issue of realtors not answering their phones promptly. Stay tuned for insights into tracking market numbers and where to find detailed market data, giving you the upper hand in this challenging environment.

Struggling with client communication and listing challenges? We emphasize the crucial role of returning calls promptly and how unresponsive agents can stall property sales. You'll hear relatable anecdotes about spam calls and outdated listings that paint a vivid picture of a realtor's everyday hurdles. We also discuss the mixed bag that is open houses—are they worth it? Hear about rare but successful sales and learn why open houses might just be the networking opportunity you need. Whether you’re a buyer, seller, or realtor, this episode is packed with valuable insights to help you navigate the current real estate landscape with confidence.

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Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

If you LOVE our content , Please subscribe to our show here

https://www.buzzsprout.com/1428685/support

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Send Listener Questions to : VegasRealtyCheck@gmail.com
Access All Episodes at RealtyCheck.Vegas
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As we welcome the fall season in Las Vegas, we're also dealing with the aftermath of California wildfires, which have brought unexpected guests like coyotes into our neighborhoods. With humor and heartfelt advice, we share personal anecdotes and emphasize the importance of keeping an eye on your pets.

Next up, we dissect the latest market trends for single-family homes. A slight decrease in available homes and a notable drop in sold homes signal significant shifts. Plus, fluctuating interest rates and attractive government loan programs are making waves. Our analysis highlights the benefits of the current buyer's market, including seller concessions and price reductions. Insights from Marcel's latest meeting reveal that vacant homes are selling faster and staging is making a huge difference. If you're in the market, now might be the perfect time to make your move.

Lastly, our comprehensive look at historical trends from 2019 to 2023 uncovers key events that have shaped the market. From the spike in listings in early 2019 to the inventory surge in April-May 2022, we dissect the factors influencing today's housing landscape, including the rise in home prices and mortgage rates. We also explore the shift towards more affordable options like condos and townhomes. For first-time homebuyers feeling the pinch, we offer practical advice and contact information to help you navigate your journey. Tune in for an informative and engaging episode that keeps you ahead of the curve in Las Vegas real estate.

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Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

If you LOVE our content , Please subscribe to our show here

https://www.buzzsprout.com/1428685/support

Linktree https://linktr.ee/vegasrealtycheck?utm_source=linktree_profile_share
Send Listener Questions to : VegasRealtyCheck@gmail.com
Access All Episodes at RealtyCheck.Vegas
Watch Live on Facebook Thursdays @9:30am PST
https://www.facebook.com/VegasRealtyCheck
Linktree https://linktr.ee/vegasrealtycheck?utm_sourc...

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Why are homeowners in the Somerset Park community facing a crisis with sinkholes and water damage? On this episode of Vegas Realty Check, we tackle the pressing issues stemming from HOA negligence in Henderson. Learn how a lack of proper management has led to significant infrastructure problems and what the city is doing to enforce corrective measures. We stress the critical importance of homeowners and potential buyers carefully reviewing HOA reserves and budgets to prevent falling into similar traps. This segment is an eye-opener for anyone involved in HOA-managed communities.

Are you unsure about your obligations when it comes to appraisal conditions during a real estate transaction? We clarify the often-misunderstood requirements surrounding repairs identified by appraisers, emphasizing their impact on financing. Through listener concerns, we dissect the nuances of post-closing occupancy arrangements, including the ever-complicated rent-back scenarios. Flexibility and negotiation are your best allies in these situations, and we offer practical advice to help you navigate these waters smoothly.

Thinking of buying a home without an agent? Think again. We explore the evolving landscape of real estate regulations and why having an experienced agent remains invaluable. From understanding mortgage interest and closing costs to negotiating tricky repairs, we share real stories that highlight the risks of going it alone. Wrapping up, we provide essential contact information to stay engaged with our podcast and the Las Vegas real estate community. Don't miss out on the crucial insights and professional guidance that can make your next real estate transaction a success.

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Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

If you LOVE our content , Please subscribe to our show here

https://www.buzzsprout.com/1428685/support

Linktree https://linktr.ee/vegasrealtycheck?utm_source=linktree_profile_share
Send Listener Questions to : VegasRealtyCheck@gmail.com
Access All Episodes at RealtyCheck.Vegas
Watch Live on Facebook Thursdays @9:30am PST
https://www.facebook.com/VegasRealtyCheck
Linktree https://linktr.ee/vegasrealtycheck?utm_sourc...

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Unlock the secrets of the Las Vegas real estate market in our latest episode of Vegas Realty Check! Join us, Trish Williams and Tiana Carroll, as we sit down with returning guest Mark Lister from Nevada Superior Property to dissect the current market trends. Discover why the residential market feels sluggish despite a rise in inventory to nearly 5,000 homes and a significant drop in sales to just 410. With potential rate drops from the Federal Reserve on the horizon, we explore what this could mean for buyers, sellers, and investors alike. Mark also sheds light on the peculiar trend of summer rental inventories mirroring winter levels, and touches on the benefits of allowing pets to make properties more attractive to tenants.

In this episode, we introduce an innovative rental product making it easier for tenants to move in without the hefty upfront deposit. Instead, a smaller fee is paid to a company that covers the deposit, benefiting both tenants and landlords. We break down how this system works, its advantages, and the importance of screening tenants. Plus, we delve into the current property management trends, including why some property owners are choosing to sell rather than rent based on market conditions and their personal suitability for being landlords.

Finally, we tackle the rising costs and challenges of post-COVID maintenance repairs, highlighting the frustrations of unreliable home warranties. From excessive repair times to inadequate coverage, we discuss when bypassing these warranties makes sense to ensure timely fixes, especially in rental properties. Our conversation rounds out with tips on proactive property management, such as regular inspections to catch small issues before they become costly repairs. Contact us for more insights and detailed property management advice – your go-to resource for navigating the Las Vegas real estate landscape!

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Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

If you LOVE our content , Please subscribe to our show here

https://www.buzzsprout.com/1428685/support

Linktree https://linktr.ee/vegasrealtycheck?utm_source=linktree_profile_share
Send Listener Questions to : VegasRealtyCheck@gmail.com
Access All Episodes at RealtyCheck.Vegas
Watch Live on Facebook Thursdays @9:30am PST
https://www.facebook.com/VegasRealtyCheck
Linktree https://linktr.ee/vegasrealtycheck?utm_sourc...

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How do fluctuating mortgage rates and a nearly 5,000-unit inventory affect the Las Vegas real estate market? This week on Vegas Realty, we analyze current market conditions and shed light on potential mortgage rate drops expected in September. With insights into historical trends and the unpredictable nature of market shifts, we provide an informed perspective on how these factors could influence buyer behavior and change the landscape of inventory levels. Stay tuned as we break down last week's robust home sales and what it means for the future.

Ever wondered about the complexities of buying and selling homes simultaneously? We dive into the pros and cons of contingent upon sale transactions and leasebacks. Learn how timing and new rule changes can impact negotiations and what you need to consider when coordinating financing and closing dates. We also discuss the occasional unexpected chaos, such as flagged wire transfers, and how they can complicate the process. Plus, we explore the stress-relieving benefits of leasebacks and the importance of a post-possession addendum to protect both buyers and sellers.

HOA documents and CIC resale packages could make or break your home purchase. We emphasize the importance of thoroughly reviewing these documents during the critical five-day period, which allows you to cancel the purchase if unfavorable terms are found. Hear real-life examples of unforeseen events leading to significant homeowner assessments, and discover strategies for managing these costs. Finally, we stress the value of professional guidance in navigating these complex transactions to ensure you are well-informed and protected throughout your real estate journey.

Support the show

Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

If you LOVE our content , Please subscribe to our show here

https://www.buzzsprout.com/1428685/support

Linktree https://linktr.ee/vegasrealtycheck?utm_source=linktree_profile_share
Send Listener Questions to : VegasRealtyCheck@gmail.com
Access All Episodes at RealtyCheck.Vegas
Watch Live on Facebook Thursdays @9:30am PST
https://www.facebook.com/VegasRealtyCheck
Linktree https://linktr.ee/vegasrealtycheck?utm_sourc...

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Can you spot the hidden opportunities in a sluggish real estate market? Join us on Vegas Realty as we unravel the latest developments impacting the Las Vegas real estate scene. Learn how new NAR rules are shaping local practices and why consulting professionals is crucial amidst misleading news reports. Discover why an increase in active single-family homes could be a golden opportunity for buyers, offering advantages like instant equity and covered closing costs. We also provide a detailed analysis of the ongoing trend of price decreases and the current state of the market.

Las Vegas is climbing the ranks! Celebrate with us as we explore how our city moved up 73 spots in the hottest market rankings while avoiding the dreaded list of markets with price cuts. We'll discuss the factors influencing these rankings, from average income to school districts, and highlight the importance of checking your property tax cap rate amidst the challenges posed by automated systems. Plus, we dive into a listener's concern about refinancing a paid-off house in anticipation of an economic crash, offering valuable insights. In a fun twist, we'll share some tips on cleansing haunted houses before selling, using both spiritual and practical methods to create positive energy. Don't miss this engaging and informative episode!

Support the show

Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

If you LOVE our content , Please subscribe to our show here

https://www.buzzsprout.com/1428685/support

Linktree https://linktr.ee/vegasrealtycheck?utm_source=linktree_profile_share
Send Listener Questions to : VegasRealtyCheck@gmail.com
Access All Episodes at RealtyCheck.Vegas
Watch Live on Facebook Thursdays @9:30am PST
https://www.facebook.com/VegasRealtyCheck
Linktree https://linktr.ee/vegasrealtycheck?utm_sourc...

Send us a text

Can a thriving real estate market defy national trends? Las Vegas is proving it can. In our latest episode of Vegas Realty, we uncover the secrets behind the city’s resilient property values amid national reports of market declines. By examining July's data, we reveal why condos have hit their highest recorded prices and single-family homes are not far behind. Reflecting on the 2008 crash, we discuss its unusual impact on Las Vegas and explain how the market's typical stability and the influx of global businesses are fueling this growth. We also compare our local trends with other booming cities like Phoenix and Austin to show how Las Vegas is leading the pack.

Join us as we take a closer look at the robust market trends for July. With luxury sales in high-end communities such as Askaya significantly contributing to growth and an impressive 5% increase in single-family home sales, the data points to a thriving market. The condo and townhouse sectors are also buzzing, with a 70% increase in available units and record-high median prices. We'll break down the days on market statistics to show how homes are selling faster than ever, and discuss current inventory and sales numbers alongside the recent fluctuations in interest rates. Get ready for an insightful discussion on the dynamic Las Vegas real estate landscape!

Support the show

Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

If you LOVE our content , Please subscribe to our show here

https://www.buzzsprout.com/1428685/support

Linktree https://linktr.ee/vegasrealtycheck?utm_source=linktree_profile_share
Send Listener Questions to : VegasRealtyCheck@gmail.com
Access All Episodes at RealtyCheck.Vegas
Watch Live on Facebook Thursdays @9:30am PST
https://www.facebook.com/VegasRealtyCheck
Linktree https://linktr.ee/vegasrealtycheck?utm_sourc...

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What if the compensation structure in the real estate market just got turned upside down? Brace yourself as we unpack the seismic shifts in the Las Vegas real estate market, starting with the controversial removal of the co-op field from the MLS due to the NIR settlement. This change has left buyer's agents navigating uncharted waters without visibility on their potential commissions. Our discussion traverses the groundbreaking policies our company and other major brokerages are adopting, including separating listing fees from buyer's agent compensation and introducing a new purchase agreement form to streamline fee requests. We dive into the necessity of clear communication between agents and sellers, and the critical role of a mandatory buyer's brokerage agreement in this new landscape.

In the second segment, we tackle the maze of complexities and challenges this transition brings. With metaphors like negotiating with 'apples' to illustrate incentives, we explore different scenarios, including motivated sellers and the importance of documented offers. As we anticipate potential FHA policy changes, we discuss their impact on first-time homebuyers and review current Las Vegas market statistics, noting an uptick in price reductions and available single-family homes. This episode is a must-listen for anyone looking to stay ahead in a rapidly evolving market, as we emphasize the resilience and adaptability required of agents today.

Support the show

Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

If you LOVE our content , Please subscribe to our show here

https://www.buzzsprout.com/1428685/support

Linktree https://linktr.ee/vegasrealtycheck?utm_source=linktree_profile_share
Send Listener Questions to : VegasRealtyCheck@gmail.com
Access All Episodes at RealtyCheck.Vegas
Watch Live on Facebook Thursdays @9:30am PST
https://www.facebook.com/VegasRealtyCheck
Linktree https://linktr.ee/vegasrealtycheck?utm_sourc...