Las Vegas Real Estate Info

Here’s wishing you the best and brightest of New Year’s!

On the legal front, Nevada passed 521 new bills in 2005 and while many are already in effect, a few take effect starting on January 1, 2006. One of these new bills provides an extension to Nevada homeowners entitled to a 3 percent cap on their property tax bills as a result of a relief plan approved by the 2005 Legislature. The “trailer bill” that takes effect on January 1, extends the time frame until June 30, 2006 to apply - if howmowners can show good cause for not applying at their first opportunity in 2005. So buyers and sellers alike can benefit from this extension if they have not already taken advantage of the relief plan.

Until next week and next year, from all of us here at Las Vegas Homes and Real Estate wish you the most prosperous of New Year’s.

Checking into a home in Henderson? The following are a list of great options for those looking for a single family residential with two or more bedrooms. Find a Henderson Home that’s right for you.

In Business Las Vegas is reporting that commercial rents in the Las Vegas Valley could increase up to 15 percent. They are expecting that significant increases because leases are going to be expiring and developers are going to try and catch up with inflation. Local research indicates that rents have remained flat since about 2001 despite the health demand for commercial real estate.

In other news, developers with projects in the southwest Las Vegas Valley have formed a partnership to create “West Village,” a planned “suburban downtown” that would encompass about 700 acres.

Looking for a new home or real estate opportunity? Check out Henderson Homes for the perfect place in the Las Vegas area.

With January right around the corner, it’s good to remember that with Christmas behind us, property taxes still loom. Property taxes are a major expense, one that often totals thousands of dollars per year. But property taxes are not the same for like properties or for every owner. Property taxes provide much of the revenue used to fund local and state governments.

How much you pay for property taxes depends on the value of your home and also local tax policies. In the usual case, government assessors establish a property value. Once a value is set the tax rate is then applied. For instance, if the rate is $1.50 for each $100 in value, then a home worth $100,000 would have an annual tax bill of $1,500 or $125 per month.

This information brought to you by Las Vegas Real Estate

The 2005 Survey of California Home Sellers, which was conducted in the second quarter of 2005, provides insights at the individual consumer level on the experiences of recent sellers during the home selling process.

Key Findings:
· The share of sellers using the Internet rose to 57 percent in 2005.
· Sellers used the Internet mainly to research comparable prices, get current information on the neighborhood, and to find an agent. However, 97 percent of all sellers used an agent to assist them in the home selling process.
· Sellers sold their home primarily because they wanted a larger home or a better location.
· While sellers increasingly obtained information about the market from the Internet, they continued to rely on the experience and expertise of real estate agents who guided them through the home transaction.
· 50% of all sellers was a repeat client, while a fifth of the sellers found their agent from agent mailings. Smaller numbers of sellers found their agent via referrals and the Internet.
It would appear offline direct marketing is more important than ever.
· Sellers primarily selected their agent because he/she was the best prepared (31 percent) or most qualified (30 percent), or offered the lowest commission (27 percent). Agents were also chosen because the seller expected the agent to work most aggressively on their behalf, or because they appeared to be most responsive.
· Seller concerns were mostly on the home selling process & the pricing of their home and the time it would take to sell.
· Seller dissatisfaction with agents typically resulted from communications problems between the seller and agent.
· Seventy-seven percent of home sellers indicated that they would use the same agent again in a future transaction.

This information brought to you by Las Vegas Real Estate.