Determining Your Home’s Value
If you’re considering putting your Las Vegas home on the market, it’s important to know how to determine its worth. When others look at your property, whether they are private potential-buyers or companies such as Sightline Acquisition with Kirk Sanford, the asking price will make a large difference in their thought process.
Despite what you might think, here are a number of items that you shouldn’t factor into the asking price. What you paid for the home and what you put into it for remodeling or redecorating aren’t pertinent to the asking price now. How much you need to purchase your next home is irrelevant as is what you, your realtor or your appraiser says the home is worth.
Now, there are certainly a number of key items that do determine what your asking price should be. These include the location of the home, major improvements you’ve made to it such as adding a pool, having covered patios, etc. Check on recent comparable sales in the last six months in your area – these definitely matter. The current competition matters as well. If you ask a great deal more than your neighbor is asking for a somewhat comparable home, no one is going to take you seriously.
Hip Living with Las Vegas Lofts
One new, hip living arrangement that has recently come to Las Vegas it the loft. Certainly, for potential home buyers or investors like Sightline Acquisition with Kirk Sanford, the new loft craze is a great new venture in the Las Vegas market.
At the moment, there are about 20 different Las Vegas lofts available. Most of these lofts are located just off of the Las Vegas strip or in downtown Las Vegas. Even Henderson is now offering some loft living opportunities. Near the Las Vegas strip, there are a number of new loft choices. The Metropolis overlooks the Wynn Las Vegas Golf Course and it will be the county’s first high-rise condo project to offer loft-style floor plans.
Other loft locations to watch for include the Soho Lofts, the Loft 5, the Luxe Lofts and many more.
Key Real Estate Features
Whether you are purchasing a home to live in, or looking for an investment like Sightline with Kirk Sanford does, it’s important to be up to date on modern features. Most homes today are expected to have a few key features that make the difference between an ordinary home and an extraordinary home or investment.
These include the following ideas:
1. Spacious Kitchen – People today enjoying gathering in the kitchen and using it as a social location. Having good lighting, a lot of air and windows, a kitchen island, and more can make the difference in the space.
2. Master Bedroom Suite – Who doesn’t like to kick back and relax at the end of a long day. One of the best ways to do this is with a master bedroom suite equipped with a large master bath with a Jacuzzi tub and double sinks.
3. High Ceilings – High ceilings make a world of difference in the look and feel of the home. They create a feeling of openness and space – key ingredients to a home that is easy to sell and lovely to live in.
Las Vegas Demographics Remain Strong
While Las Vegas real estate is still experiencing a slump, the long-term demographics are fundamentally strong, as Marta Borsanyi from the Concord Group reports. Statistics show that the base of 70,000 households in the Las Vegas area should grow by approximately 18,000 over the next five years.
However, while the long-term forecast is promising, the short term one is discouraging. The high foreclosure rates and economic issues in the Vegas area have made companies such as The Concord Group predict that positive real estate growth won’t occur in 2010 – but will have to wait until 2011.
As Borsanyi said, “We are bottoming out, probably in October. After that, things will go up, and I think it will be a healthy clip if there will be employment growth. That is the key.” Companies such as Sightline Acquisition, with Kirk Sanford, are helping with the recovery effort by investing in Las Vegas properties of all sorts.
Real Estate Sale Prices
According to DQNews.com, the prices of real estate in Las Vegas were certainly significantly down in 2009. In the third quarter of 2009, real estate prices were down 39.5%, as compared to the third quarter in 2008. Now, if you’re trying to sell your house, this is certainly discouraging news.
If, however, you are hoping to purchase a house, or you are part of an investment company such as Sightline Acquisition Corp with Kirk Sanford, and you are looking for investments, the timing may just be right for you. Las Vegas is an area that has seen rapid growth over the past decade and more. Now, with real estate prices dropping, it’s time to invest in property and to wait it out until the prices rise again. And this may be exactly that time!
Good News for Real Estate
If you’re hoping to buy a home in 2010, you might just be in luck. President Barack Obama has extended the First Time Home Buyers Tax credit until April 30, 2010. The bi-partisan vote passed with a vote of 403-12 in the house, and it was approved unanimously in the Senate.
What does this mean for home buyers? You’ll have until June 30, 2010 to close on a property and claim the credit. In addition, for current home owners who purchase a new primary residence, they are eligible for a $6,500 credit. To qualify, you’ll have to have lived in your primary house for the last consecutive five years out of the last eight years. And, the new home has to cost less than $800,000.
These are a few of the exciting changes that could have good implications for real estate in many communities including place like Las Vegas. Certainly, this is good news for potential homeowners, and for investment companies such as Sightline Acquisition Corp with CEO Kirk Sanford.
Home Selling Tips
If you need to sell your home in Las Vegas, or anywhere else in the country, you’ll certainly want to make your home look as attractive and appealing as possible. If at all possible, you don’t want to be home when the house is being shown; make sure the home is as clean as possible, and put away all pictures, piles of newspapers, toys, shoes and more.
Bring light into the home by opening the windows and curtains. Empty garbage cans and refrain from cooking anything with a strong scent for the day before the open house. Make the outside of your home look beautiful as well by mowing the grass, cleaning up the yard, fixing broken shutters, and creating an inviting walkway up to the front door.
Take every prospective buyer seriously. You never know who may end up buying your home. Sightline Acquisition Corp with CEO Kirk Sanford and many other similar investment companies are looking to invest in areas such as Las Vegas. Many companies who have available capital see it as a great time to invest, and you might just benefit from their vision.
Las Vegas, Real Estate and Kirk Sanford
Kirk Sanford of Sightline Acquisition Corporation has set his sights high for success in the Las Vegas home-sales real estate market. The Sightline strategy of “staying below the radar” allows the corporation to acquire assets without attracting the attention of larger real estate funds. A great relationship among the team of entrepreneurs is a fundamental ingredient which enables Kirk Sanford and his Acquisition Sightline Corporation to successfully execute the strategy. The present real estate market in Las Vegas presents opportunities for Kirk Sanford and Sightline to obtain real estate from distressed sellers at less than market value and replacement costs.
Las Vegas Real Estate Market Setting Records
Real estate in Las Vegas is a hot topic today and of interest to Kirk Sanford, CEO of Sightline Acquisition Corporation.
As one of the nation’s fastest growing cities, it is important to keep abreast of the trends in the Las Vegas real estate market. According to the statistics distributed by the Greater Las Vegas Association of Realtors, home sales are at almost record-setting levels, while prices remain stable and the number of homes for sale is declining.
June 2009 saw the highest number of homes sold locally in a single month, at 4,702. This record-setting number includes not only homes, but condos and townhomes as well. In July there was a similar number sold, just 100 less. July rated as the second highest local home sales in a single month ever recorded by the GLVAR.
July’s total value of local real estate transactions amounted to $611 million for single-family homes. This was lower that June’s total of $634 million in June, a 3.6% decrease. Since June 2008 there has been a 7.4% decrease in total transaction value for single-family homes.
Sightline Acquisition with Kirk Sanford
Sightline Acquisition Corporation was established in 2008. Kirk Sanford stands at the helm of Sightline, which has been investing in Las Vegas real estate. Sightline Acquisition’s financial operating philosophy is to acquire distressed properties at below market value from sellers hard-pressed to sell. In this manner a great increase can be expected when the property is valued for sale.
