Las Vegas Real Estate Blog

Luxury Home for Sale in Las Vegas, NV - The Vistas in Summerlin

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Sat, 15 Oct 2011 22:09:12 -0400

Links

Virtual Tour

Photo Gallery

Description

Absolutely stunning home in gated Barrington community in The Vistas. Highly upgraded custom woodworking and attention to detail throughout the home give it the warmth and elegance rarely found in the current Las Vegas market. The home features 4451 square feet including four bedrooms and four baths, formal living and dining rooms, an interior courtyard with fountain and fireplace, gourmet kitchen with island, walk in pantry and butler pass, large master suite with sitting room, balcony, his & hers closets, large jetted tub and separate walk in shower. Exterior features include an oversized view lot with beautiful gardens, flagstone patio and paths, built in barbeque, covered patio, swimming pool and spa. This home is one of kind, don't miss it!

Features

Bedrooms: 4Bathrooms: 4Year Built: 2004Subdivision: BarringtonLot Size: 13939Garage Size: 3Square Footage: 4451Agent Name: Damon BotticelliBroker: Realty One GroupMLS #: 1184543

Location

196 BARTIZAN DR Las Vegas NV 89138

Las Vegas and Henderson, NV Rental Statistics by Location and Area Map 07/2011

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Sat, 23 Jul 2011 14:02:34 -0400

Compare these stats to the data collected 3 years ago. Las Vegas Rental Statistics by Area - and Area Map 07/2008

The following rental statistics are all median values on single family detached homes and patio homes leased within the last 12 months. They are between 1400 to 2800 square feet, built after 1996, without pools and without furniture. Age restricted communities have not been included in these stats.

Area Square Feet Rented Price RP/SqFt Days on Market Units Rented Available Units 101 1576 $1,025 $0.64 52 36 14 102 1786 $1,235 $0.68 21 585 94 103 1812 $1,150 $0.63 28 1407 225 201,202,203 1649 $1,000 $0.61 35 140 51 204 1654 $1,100 $0.66 27 238 48 303 1725 $1,245 $0.71 21 756 76 402,403 1702 $1,175 $0.66 27 47 13 404 1825 $1,395 $0.76 17 531 61 405 1746 $1,195 $0.67 21 718 110 502 1848 $1,395 $0.74 19 542 65 503 1796 $1,250 $0.67 20 521 65 504 1810 $1,227 $0.67 20 1194 142 505 1839 $1,250 $0.68 21 836 118 601,602 1750 $1,299 $0.73 20 167 21 603,604 1673 $1,200 $0.71 28 134 19 605 1780 $1,295 $0.72 20 154 22 606 1928 $1,445 $0.77 18 563 49

** GLVAR Deems Information Reliable, But Not Guaranteed **

Las Vegas Rental Statistics by Area - and Area Map 07/2008

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Wed, 16 Jul 2008 00:45:55 -0400

Now that investors are back in the market buying homes to hold and rent, I've been getting quite a few questions about the current state of our rental market here in Las Vegas, North Las Vegas, and Henderson.

The goal of many of the investors are to get the best possible cap rate now, while acquiring the most promising properties for future gains, through long term appreciation. Therefore, I will do everything I can to provide the information and the tools for those clients to make their own educated decisions and predictions.

Area Square Feet Rented Price RP/SqFt Days on Market Listings Rented 101 1575 $1,195.00 $0.68 48 23 102 1894 $1,300.00 $0.70 26 367 103 1848 $1,250.00 $0.68 31 881 201,202,203 1602 $1,150.00 $0.69 40 65 204 1672 $1,200.00 $0.71 37 202 303 1737 $1,300.00 $0.77 24 428 402,403 1754 $1,295.00 $0.72 22 34 404 1845 $1,450.00 $0.79 23 324 405 1790 $1,275.00 $0.71 32 426 502 1878 $1,400.00 $0.78 23 265 503 1719 $1,300.00 $0.73 22 233 504 1812 $1,295.00 $0.72 26 514 505 1884 $1,300.00 $0.71 27 443 601,602 1765 $1,395.00 $0.79 19 90 603,604 1830 $1,325.00 $0.74 34 72 605 1780 $1,350.00 $0.77 25 109 606 1940 $1,500.00 $0.80 26 345

** GLVAR Deems Information Reliable, But Not Guaranteed **

House Hunting? How to Find The Best Schools in Las Vegas, Nevada

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Tue, 07 Jun 2011 05:27:07 -0400

Researching local public schools is a good idea when purchasing real estate even if you're buying investment property. Being zoned for a "popular" or highly desired school can make a property easier to rent or sell in the future. But keep in mind, re-zoning is common.

Here are some sites to help research schools. From these links you can find information such as zoning, school comparisons, parent and student opinions, & much more.

http://www.greatschools.net - Nationwide site

Research & Compare
Parent & Student Opinions
Advice
1-10 rating scale for easy comparisons

http://www.ccsd.net - Clark County School District website.

Zoning by address & zoning maps
Calendar
Individual school websites
Contact info
Lot's more

http://www.nevadareportcard.com/

Compare Nevada schools
Assessment
AYP
Fiscal
Student
Teacher

http://www.vegasproperty4u.com/school_reports.shtml

School Profiles
Nationwide
Search by City, County, or Zip Code
Search by school or district name
Maps

Also be sure to check out trulia's new crime map --- Click Here

Condo for rent in Guard Gated Bella Vita, Las Vegas, Nevada

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Sun, 03 Apr 2011 02:27:44 -0400

Photo Gallery

Description

Guard gated community less than 3 miles from The Strip. Community pool, spa, exercise, tennis & more! Refrigerator, washer & dryer included.

Features

Bedrooms: 2Bathrooms: 1Located on Floor #: 1Floors in Bldg: 2Square Footage: 816Parking Spaces: 1Property Type: CondoPets Allowed: DogsYear Built: 1982Agent Name: Damon BotticelliBroker: Realty One Group

Location

5273INDIAN RIVER DR Las Vegas NV 89103

Dual Master, Three Story Home in Mountain's Edge shows like a Model!

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Sun, 02 Jan 2011 22:48:36 -0500

Photo Gallery

Description

Absolutely stunning home! Dual Master, 3 bedrooms, 3 baths, 3 story floorplan with covered patio, covered balcony, fenced yard & attached 2 car tandem garage. Granite counters & tile floors in the kitchen! Gated community with pool, spa and fitness center. This is truly a MUST SEE!

Features

Bedrooms: 3Bathrooms: 3Parking Spaces: 2Year Built: 2007Subdivision: Moutain's EdgeAttached on: 2 SidesGarage Size: 2School District: Clark CountySquare Footage: 1689Agent Name: Damon BotticelliBroker: Realty One GroupMLS #: 1090999

Location

10085 SAND KEY ST Las Vegas NV 89178

Las Vegas Real Estate Q&A - Why not walk away?

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Sun, 02 Jan 2011 21:48:24 -0500

Each week I spend a little time answering Las Vegas real estate questions for people who have yet to choose an agent, are looking for a second opinion, or couldn't get an answer from their own agent. Often the questions are asked on sites like trulia and zillow, and I thought why not post my answers on my own blog as well?

Home is underwater and upside down, spouse died, and am senior citizen. Loan mod refused and now facing foreclosure. Why not walk away?

Thu Oct 7 2010, 22:38 - Foreclosure in Las Vegas - asked by Nosun on trulia

During the two loan mod trials, they said don't pay the mortgage payments, so we did as told. Spouse was very ill and forced out of work and out of insurance.. During the 2nd trial and two hospital visits, spouse died. All I have now is SS.
Loan mod was refused, despite extreme hardship. Mortgage payment was up to almost $3000. First mod offered to lower to $2800. Ridiculous. Told them to do it again. Second time around was $2400. Now they will not do again and I have no cash to pay for another. Paid the attorneys a ton of cash to no avail. House is now facing foreclosure, got the notice, but they are just fiddling around and haven't done it yet. It's been almost a year.
I have nothing left here.
I have a place to go and don't need this house.
Can someone give me one good reason why I shouldn't walk away?

Answer:

I'm sorry for your loss. While I feel badly for what you are going through, it also makes me angry to hear how uncooperative and unreasonable your lender has been, and just as bad are the attorneys who took your money and failed to help you.

Unfortunately, I often see the same scenario of failed loan modifications and expensive legal fees to attorneys who failed to help. If I could give 1 piece of advice to other people who just getting into trouble with their loans it would be to seek advice from many sources sooner rather than later and especially before paying any money to an attorney or loan mod company. Talk to several attorneys, talk to several real estate agents who specialize in short sales, talk to several loan modification companies (make sure they're licensed).

To answer your question, here are 2 reasons why you may want to consider a short sale instead of just walking away:
1. You may want to explore your options regarding a short sale. If you qualify for the HAFA program or other similar short sale program, you may be eligible to receive up to $3000 from the sale.
2. One of the goals in doing a short sale would be to get the lender to grant "full satisfaction of the debt". Without that, the lender could go after you for the deficiency balance of the loan.

I'm a certified short sale professional. Don't hesitate to give me a call if you'd like some more information.

Damon Botticelli
Realty One Group
(702) 523-7713

Las Vegas Real Estate Q&A - What is the average discount sellers are making to close the deal on their home?

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Sun, 02 Jan 2011 21:31:10 -0500

What is the average discount sellers are making to close the deal on their home?

01/02/2011 - Market Conditions in Summerlin - asked by Jwsale on trulia

Great answer from Bill. To add on that, the average sale price to listing price in Summerlin over the past 12 months was 97.5% for single family homes. So on average sellers discounted 2.5% off the list price. It's also common to allow up to 3% towards the buyer's closing costs, but I don't have the data at hand to back that up.

It's also important to mention that averages mean little to nothing when you're negotiating on a specific property. When you look at average, you're including an 8.9 million dollar house that sold for 7 million, a $180k house that sold for $240k, a $200k home that was gutted and sold for $160k, etc... none of which have anything to do with the home you are either buying or selling.

Every deal is different and that's why the best agents will look carefully at all the details effecting your deal to give you the best possible angle in negotiations.

The March Numbers - Las Vegas Housing Market Statistics for March 2010

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Fri, 19 Mar 2010 00:07:07 -0400

The links to stats pages contained in this blog are usually good until the 5th day of the following month. If this blog was posted more than 30 days ago, email me and I will look up the information for you.

Average Sale Price by Month

Monthly Activity Report - By Zip Code and Property Type

Previous Month Activity Report - By Zip Code and Property Type

Monthly Comparison Report - By Zip Code and Property Type compared to 1 year ago

Foreclosure Chart - (last chart on page)

Las Vegas Real Estate - Search Homes For Sale in Las Vegas - Always Up to Date Search Site

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Tue, 05 Oct 2010 23:44:19 -0400

Right now, we have over 12,000 available homes on the market and over 10,000 homes under contract. If you've been searching homes for sale in the Las Vegas, N. Las Vegas, or Henderson areas, chances are you've come across the perfect home online, only to find out it was under contract, but the site you found it on wasn't updated.

http://homesearch.botticellihomes.com

This site is great because it will only show search results for AVAILABLE property. Why waste time sorting through thousands of homes that are NOT available? If you find a property listed on another site and you want to check to see if it's actually available...just type in the address in this site and you'll find out right away if the property is still available.

Details, Details, Details! You can set up and save your own searches and specify even the most detailed criteria. For example, you can filter out "short sales", or only look for "foreclosures". You can specify details like, "Master Bedroom Downstairs", "Granite Counter Tops" or "Guard Gated Only" or even search within a set price per square foot.

I could go on and on about the search capabilities, but I suggest you check it out for yourself. It does have a lot of features, so you may want to click on the "Website Tutorials" tab in the upper right, or just give me a call and I'll be happy to point out some of the advanced features and help get your search up and running.

http://homesearch.botticellihomes.com

Here's a snap shot of the map based search page:

Or use the list view:

And here is a sample of just SOME of the search criteria:

Bedrooms: to Bathrooms: to Type/Style: Attached
Casita
Condominium
Custom
Detached
Detached Guest House
First Floor
Fixer-Upper
Guest Quarters
Handicap Adapted
Loft
Manufactured
Second Floor
Single Story
Townhouse
Tri-Level
Two Story
Square Footage: to Year Built: to Cooling System: Yes    No   x Has Pool: Yes    No   x Has Fireplace: Yes    No   x Garage: Yes    No   x Attached/Detached Garage: Attached
Detached
Spaces: to House Views: City View
Golf Course View
Lake View
Mountain View
None
Park / Greenbelt View
Strip View
Horses Allowed: Yes    No   x Spa: Yes    No   x Association / Community Features: Basketball Courts
CCRs
Clubhouse
Community Golf
Community Pool
Community Spa
Community Wall
Country Club
Exercise Room
Extra Storage
Guest Parking
Handball / Raquetball Court
Jogging Trail
Laundry Facilities
Pet Restrictions
Playground / Park
Recreation Room
Renting Restrictions
RV Restrictions
Security
Security System
Separate RV Parking
Tennis Courts
Water Scaping
Age Restriction: Yes    No   x Gated Community: Yes    No   x Guarded Gate: Yes    No   x Acres: to Lot Square Footage: to Price Per Square Foot: to Foreclosure: Yes    No   x Short Sales: Yes    No   x REO / Repo: Yes    No   x Master Bedroom: 2 Master Bedrooms
Balcony
Built In Bookcases
Built In Entertainment Center
Ceiling Fan
Dressing Room
Master Bedroom Downstairs
Master Bedroom Separate From Other
Master Bedroom Upstairs
Mirrored Door Closet
None
Sitting Room
Walk In Closets
Bedroom Downstairs: Yes    No   x Bathroom Downstairs: Yes    No   x House Faces: East
North
South
West
Kitchen Description: Breakfast Bar / Counter
Breakfast Nook (Eating Area)
Brick Flooring
Carpet Flooring
Concrete Flooring
Custom Cabinets
Garden Window
Granite Countertops
Hardwood Flooring
Island
Laminate Countertops
Lighting Recessed
Lighting Track
Linoleum / Vinyl Flooring
Man Made Wood / Laminate Flooring
Marble / Stone Countertops
Marble / Stone Flooring
Mexican Tile Countertops
Pantry
Solid Surface Countertops
Tile Countertops
Tile Flooring
Walk In Pantry
Master Bathroom: Bath Tub
Double Sink
Make Up Table
None
Sauna
Shower Only
Steam Shower
Tub / Shower Combination
Tub With Jets
Landscape: Desert Landscaping
Drip Irrigation / Bubblers
Fountain
Fruit Trees
Garden Area
Lawn - Front
Lawn - Rear
Mature Landscaping
No Landscaping - Front
No Landscaping - Rear
Rock / Gravel Landscaping
Shrubs
Sprinkler System - Front
Sprinkler System - Rear
Sprinkler System - Sides
Synthetic Grass
Water Scaping
Pool Description: Above Ground
Automatic Cover
Beach Entry
Ceramic
Disappearing Edge
Fiberglass Pool
Heated Pool
Indoor
Inground - Private
Pool / Spa Combination
Separately Fenced
Solar Covered
Solar Heated
Waterfall
Occupancy: Occupied By Owner
Occupied By Tenant
Vacant
New Construction: Yes    No   x Golf Course Frontage: Yes    No   x Waterfront Property: Yes    No   x Water View: Yes    No   x Basement: Yes    No   x Fixer Upper: Yes    No   x Auction: Yes    No   x Association Fee Y/N: Yes    No   x

Guard Gated Home For Sale with Pool & Casita in Southern Highlands, Las Vegas, NV

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Thu, 17 Jun 2010 18:30:56 -0400

Photo Gallery

Description

Enjoy all the upgrades & the gourmet kitchen in this amazing dream home! Appraised for over 1.2M in 2006! Guard gated, luxury 6 bedroom home with pool & spa on an over sized lot with separate casita in Southern Highlands.

Features

Bedrooms: 6Bathrooms: 6Parking Spaces: 5Year Built: 2002Subdivision: Southern HighlandsLot Size: 13750 Garage Size: 3Square Footage: 4364Agent Name: Damon BotticelliBroker: Realty One GroupMLS #: 1048199

Location

5354 SAN FLORENTINE AV Las Vegas NV 89141

2 bedroom unit for sale with attached 1 car garage in Las Vegas, NV

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Thu, 17 Jun 2010 18:01:56 -0400

Photo Gallery

Description

Well cared for 2 bedroom unit with attached 1 car garage in gated community with community pool. Corner unit with garages below and no one above.

Features

Bedrooms: 2Bathrooms: 2Year Built: 2005Located on Floor #: 2Floors in Bldg: 2Square Footage: 1060Agent Name: Damon BotticelliBroker: Realty One GroupMLS #: 1049879

Location

8685 TOMNITZ AV Las Vegas NV 89178

The May Numbers - Las Vegas Housing Market Statistics for May 2010

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Wed, 16 Jun 2010 13:00:13 -0400

Average Sale Price by Month

Monthly Activity Report - By Zip Code and Property Type

Previous Month Activity Report - By Zip Code and Property Type

Monthly Comparison Report - By Zip Code and Property Type compared to 1 year ago

Price/Volume Charts

Attn: Las Vegas Home Buyers - Recovery: New Homebuyer Credit - November 2009

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Thu, 04 Feb 2010 23:36:27 -0500

Watch the following video or click the link below to read the information about the New Homebuyer Credit directly on the IRS website.

Homebuyer Credit Expanded and Extended

"...Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return."

Las Vegas Property Taxes - Be sure you're not paying too much - Here's how to check...

Damon Botticelli - Las Vegas Real Estate (Realtor) (Realty One Group) — Sat, 19 Dec 2009 14:47:38 -0500

January 15th is the deadline to file a petition to appeal your property value and lower your property taxes.

Step 1 - Find out your home's "taxable value"

Click here to visit the assessor's website and enter your street number and street name. (*Tip - DO NOT include "Ave" or Rd" after the street name)

Click on "submit" then click on the parcel number next to your address.

Look to see your home's "taxable value" (see the red arrow below). This value should not exceed fair market value for your home.

Step 2 - Determine fair market value for your home to compare with the assessor's "taxable value".

This step is easy! Just click on the "Home Value" button below, or call me at (702) 523-7713 and ask for a list of recently sold homes that are comparable to yours. (Called "comps" in Realtor lingo)

Step 3 - From the assessor's website:

If, in your opinion, the taxable value of your property exceeds the value indicated in the real estate market, please call or come in to the Assessor's Office and discuss your appraisal with an appraiser. The Assessor welcomes the opportunity to review any evidence you can provide that will show the valuation exceeds market value. If, after discussing the matter with the Assessor's staff, a difference of opinion still exists, you may appeal your assessment to the County Board of Equalization. You may obtain the appeal forms from the Assessor's Office during the month of December until the deadline for filing, which is January 15 unless it falls on a holiday or weekend, which then would make the deadline the next business day. Completed forms must be returned to the Assessor's Office by the appeal filing deadline date. Please call 702-455-3891 to have an appeal form mailed to you. The forms are relatively easy so you may represent yourself rather than incur legal expenses.