Las Vegas Real Estate Blog

Don't know what your Credit Score is? 

Once you know what your score is, use the following list as a guideline to understand what you can qualify for from a credit perspective today:

• 600 and up - 100% financing is available.
• 580 to 599 - 95% financing is available.
• 550 to 579 - 90% financing is available. The owner may carry a 10% second private mortgage to allow 100% financing in lieu of you putting down 10%.
• 500 to 549 - 75% financing is available.
• Below 500 - financing is not available. Work with a reputable credit repair company to improve your credit.

The above scores are primary guidelines and will determine your loan eligibility based on credit. However only a mortgage professional can evaluate your mortgage ability on many other levels (income, assets, credit, employment, residency... ).

The popularity of the Las Vegas High Rise Condo market is on the rise. In spite of this there is a lot of talk around the negative reports affecting it's reputation. Reality is that those negative reports are generated by the re-sale numbers. When looking at the re-sale numbers it does look bad because it resembles a dramatic decrees in demand.

There is an accurate way to assess the true numbers for High Rise Condo market. It is the "invisible market" that Las Vegas has which shows the true numbers for demand in this particular style of Real Estate.

When a project is selling unites at pre construction the sale will not be recorded until the development or units are ready to be lived in. The invisible market is all the pre-reservations with cash deposits made on the unite. This is not recorded because the unites haven't closed escrow yet so the can't be technically counted as a sale.

So far the Las Vegas High rise Condo market isn't going anywhere but up so hold on tight and one of the most lucrative opportunity's. The pre-construction pricing isn't going to last for much longer with many developments coming close to or meeting bench marks set by financiers of the development to begin construction on the projects.

For more information about invisible market in Las Vegas read more >>>The Invisible Las Vegas Real Estate Market

Virgin America Airline

The San Francisco-based airline announced three daily flights between San Francisco International Airport and Las Vegas McCarran International Airport, offering $44 one-way regular fares and $149 first-class fares.

To my delete I already booked the fly ticket for my next trip to San Francisco from Las Vegas. Not only the price is very attractive but Virgin America planes has some some amazing geek amenities:

 There are 3000 MP3s onboard every flight. 
 You can plug in to 110v power at every seat.  
 You can order fresh food when you want it, from the screen at your seat. 
 Red, our in-flight entertainment system, has over 25 pay-per-view Hollywood movies on demand.

 More facts: The servers have about 3000 MP3s, and if you create a playlist, it links it to your profile, and the next time you book a flight, your playlists will reappear on your new flight, at your new seat. 

Isn't that cool or what!
 

Photo by Bill Wilson

Fly to NY, SF, LA, DC and Vegas.
Low Fares. Book Now. www.virginamerica.com

Lately I feel that I've been watched closely... I received harsh anonymous comments (from knows who... and you know who you are) from some who keep tied eye on everything I post, to the very last detail. I am not a great blogger and I admit lacking the writing style that some exhibit here. But I am doing my best and try to be as creative as I can... after all I have my main job: "selling homes". Writing is not my forte and blogging takes a lot of time and energy. I can afford that!  

I am puzzled to see how much time, some bloggers can afford to spend writing, commenting while runing, the extra miles, to get more and more points. Blogging is not even fun anymore when you get the filling that people become some kind of robots working exhaustedly... 10 comments/day; 10 posts/week; and the on and on. Blogging is a pastime for some, it becomes an obsession. 

Concerned about someone stealing your ideas if you post them to a blog? Don't. Unless you decide otherwise, you have the copyright on a blog. And you have the precedence that comes with making those words public far earlier. The ideas are meant to circulate and people can share the interest for same subjects.

And I would add that there is not an intentional act of stilling... (we are not thief's). It is just an act of reinforcing a subject that represents a certain value. I came across many blogs on the net sharing the same subject (and even content) and was nothing wrong about it (in my humble view). One thing was that the subject presented caught my attention even more.

Did anyone heard about the new real estate network site ZOLVE?

The site is the concept of a Realtor, Iraqi War Vet,Brian Wilson. It seems there was a lot of blog reading time during his tour of duty, so he used it to develop his concept of a Real Estate social network.

It is an AR look-alike site with the goal to help connect real estate professionals and other related business services (lenders, service providers) through a community, and then help them manage their referrals to and from each other.

But there are challenges for them:

• First is social network fatigue - the real estate community is notready for another destination to build a profile and start blogging.
• Second is the cost to subscribe for their services ($395 for the service, with an annual renewal of $995)

But than again, brokers are so desperate to keep their commissions these days, they might just signup the subscription fee without a second's hesitation.

ActiveRain now has some direct competition so should be even more focused than ever building out a clear business model. As they've proved, a successful social networking in many ways... still have to come up with better marketing strategy. After all, networking is one of the components of a "broker cooperative". Time will tell.