It is no secret that new construction is back in full swing here in the Las Vegas area. This past week the Linq project with the High Roller observation wheel opened. New shopping areas are being completed. The Summerlin mall that was frozen in early construction phase is now being completed and will open as "Downtown Summerlin" this fall with anchor stores Macy's, Dillard's and Nordstrom Rack. Another shopping center is going in just down the street at Hualapai and Sahara Ave. Other commercial projects include SLS Resort at the site of the former Sahara Hotel and Wyndham Timeshare behind the Rio Hotel which was also stalled for many years. With Wet & Wild opening last year and Cowabunga Bay water park opening in Henderson this year, it will be the first time that there are two operating water parks in the Las Vegas valley. With all this new construction comes jobs which is what the are is in real need of.
The building is not limited to commercial. New residential construction is sprouting up all over. The largest project is Cadence a new master planned community in Henderson. Summerlin continues to expand in the Mesa village off Hualapai and Russell Road and in the Northwest area Skye Canyon master planned community is expected to break ground later this year.
Multiple offers have made a return in Las Vegas real estate. Over the past 3 weeks I have had 4 clients making offers on property and all four have experienced multiple offers. While it seems to be limited to homes that are in exceptional condition, priced appropriately and homes in desirable locations. In 3 of the 4 situations my clients did get their offer accepted however there were no concessions on the sellers behalf and my clients were willing to pay over list price in a couple of the situations.
If you are thinking of selling, now is a great time. With multiple offers happening, prices are sure to begin to rise again. I can provide you the real value of your home at no cost to you.
People considering buying their first home have the ball in there court. There are great financing options offered by the federal government (FHA) as well as local down payment assistance programs that can provide as much as $15,000 towards down payment and closing costs.
The process for purchasing a home can be a chore. However, Mike Kruse with Vegas International Properties and his team will sit down with you and not only go over your options but they will explain the entire process, guiding you along the way. Mike and his team will listen to your needs and wants for your new home. Mike knows that first time home buyers have options when looking for your first home. Mike wants to provide the best possible service to earn your business. First time home buyers have options as far as homes, neighborhoods and great financing, make home ownership yours in 2014.
