Las Vegas Real Estate

Welcome to the Las Vegas Real Estate Blog. Sit back and relax with us as we take you for a tour through Las Vegas real estate and nearby community information. Visit us online at www.ShelterRealty.com or call today: (702) 376-7379

Wednesday, May 30, 2007

Henderson Nevada Real Estate

Henderson is a city in Clark County which is located in southeastern Nevada in the Las Vegas metropolitan area. Henderson is the southwest terminus of a scenic route that follows the Lake Mead shoreline. It is a retail and industrial center that produces titanium, plastics, vinyl components, and a variety of chemicals. Firms in the city also provide production and exhibition services to the trade show industry. Many tourist attractions and historical places just like the Clark County Heritage Museum, which includes a re-created ghost town and a group of historic structures called Heritage Street, and the Ethel M. Chocolate Factory, which has a cactus garden with an extensive collection of southwest desert plants.

Henderson’s desert site was settled as a housing center for workers constructing the Hoover Dam was built from 1931 to 1936. The community declined with the completion of the dam, but was revived when the United States government built a large magnesium plant there in the early 1940s. In the 1990s the city’s many economic incentive programs encouraged business growth, and the Henderson Redevelopment Plan helped revitalize the downtown area.

Henderson covers a land area of 206 sq km (80 sq mi), with a mean elevation of 573 m (1,881 ft). The total population estimated according to 2000 census is 175, 381 with whites are 84.5 percent of the population, Asians 4 percent, blacks 3.8 percent, Native Americans 0.7 percent, and Native Hawaiians and other Pacific Islanders 0.4 percent.

The city forms the southern edge and known as one of the fastest growing metropolitan areas in the United States. It has become one of the nation’s most dynamic communities and in 2006 was named one of the top 20 cities in America by MONEY Magazine’s annual “America’s Best Places to Live”. The real estate there is so great for its master-planned residential areas, progressive business development, new roads and transportation projects and outstanding recreation conveniences. If you’re planning to buy real estate in Henderson, you will find all the Henderson new homes communities, established neighborhoods, Clark County school zones, golf course homes, retirement communities like Sun City Anthem, luxury condominiums and homes.

Now with the unbelievable population explosion in and around Las Vegas, Henderson real estate, Henderson Luxury homes, and Henderson commercial properties are like magnets to people from all around the country.
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Tuesday, May 29, 2007

Las Vegas Real Estate

Las Vegas is a city in southern Nevada and located in the Las Vegas Valley, a desert surrounded by the Spring Mountains to the west, Frenchman Mountain to the east, the Sheep and Las Vegas ranges to the north and the McCullough Range to the south. Las Vegas serves as the center of one of the fastest growing metropolitan areas in the United States.

The city of Las Vegas covers a land area of 215.2 sq km (83.1 sq mi). The growth of the Las Vegas metropolitan region was the fastest in the nation in the 1990s, increasing 83 percent between 1990 and 2000. The population of the region jumped from 528,000 in 1980 to 853,000 in 1990. By 2004 the population reached 1,651,000. In addition to Las Vegas, the city’s metropolitan region includes North Las Vegas, Boulder City, Henderson, Mesquite, and a large number of unincorporated communities.

Las Vegas is widely known for tourism, gaming, a dry and vigorous climate, and an assortment of indoor and outdoor recreational activities. The city is also booming in manufacturing and industrial employment, in the construction of new houses, and in the creation of new service jobs. It bills itself as the “Entertainment Capital of the World,” and tourism, gaming, and entertainment represent a large portion of the city’s revenue. In addition to its widely known casinos, Las Vegas attracts visitors to its outdoor shows, including simulated volcanic eruptions, pirate duels on artificial lakes, and laser cannon displays. Indoor casino shows, with world-famous entertainers, are also popular. Annual events include the National Finals Rodeo and the Las Vegas Invitational Golf Tournament. Las Vegas is a popular destination for tours and conventions, including COMDEX, an annual computer show. The Las Vegas Motor Speedway opened in 1996.

For the Real Estate Investors, the best thing you do is to invest in Las Vegas. The city is ready for the next major Real Estate boom. The Las Vegas High Rise boom caused so much international attention, that city council meetings were starting to worry about airport expansion based on the proposed high rise projects in Las Vegas. There are still over 50 proposed Las Vegas high rise opportunities on the horizon with names like Trump, Ivana, and various Hollywood Celebrities throwing their hats into the development arena. This is a national trend that Baby boomers are sure to keep alive. The residential real estate is also being built out as fast as possible. There are still somewhere between four thousand and six thousand people moving to the valley on a monthly basis. Also research indicates that more and more people are using the Internet to start their home search, and one of the most popular terms still being searched today is Las Vegas real estate. The real estate here in general you’ll want to work with is the best of the best.
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Wednesday, May 23, 2007

Real Estate in Melbourne, Florida

Melbourne is the oldest and best-known community on what Floridians call the “Space Coast”. It is the right in the center of a long north south corridor coastal Brevard County that is sandwiched between the St. Johns River Basin to the West and the Atlantic Ocean. It stretches from Palm Bay and other smaller communities in the south through Melbourne, West Melbourne, and Melbourne Village in central Brevard to Viera, Cocoa and Titusville in the north. It includes a half dozen beach communities on one long, fabulous barrier island stretching from Sebastian Inlet to Cape Canaveral.

It is one of the most rapidly growing residential areas in Florida, and it currently boasts the fifth most rapidly appreciating home property values in the entire United States. Melbourne itself is evocative of an older not so built up Florida. The main streets are wide and the city is well maintained. It has Arts, Fine Dining Health and Educational facilities that compare with the best Florida’s larger cities offer. It’s just an hour from Orlando and three hours from Miami. The location makes anywhere in the state very accessible. Even remote Key West is just a 5 or 6 hour drive. As to Outdoor and recreational opportunities, in my opinion it’s one of the best places in Florida. The beaches are not jammed, there is plenty of access and it’s not wall to wall development.

It has also a great Old-Town, downtown area with specialty shops, antique stores, theaters, restaurants and more. There are dining places overlooking both the Indian River Lagoon (the IntraCoastal) and the Ocean.

In a recent study, most people say that Melbourne is one of the best places of investing a real estate for the following reasons:
  • It is a safe place to live.
  • It has great weather.
  • It’s easy to travel and get to work and there are good job opportunities.
  • There is a wide variety of recreational facilities.
  • It’s easy to get involved in the community.
  • It’s a great place for creative people.

All of that, Real Estate in Melbourne is a good deal with single-family homes, minutes from the beaches can be had from 200,000 up. The landside communities of West Melbourne and Melbourne Village, plus its beachside communities of Indialantic, Melbourne Beach, and Floridana (going south), or Indian Harbor Beach and Satellite Beach (going north) is simply a great place to live.

Find properties in Florida

Tuesday, May 22, 2007

Real Estate Appraisals

A Real Estate Appraisal is a service performed by a licensed or certified appraiser who develops an opinion of value based upon the highest and best use of real property. The highest and best use in real estate appraisal is the use that will render the maximum fair market value of a particular property. This use is based on 4 parts namely the physically possible, appropriate, legal, and economically feasible.

An appraisal is performed for a specific client, to whom the appraiser has a fiduciary responsibility, regardless of what party ultimately pays for the appraisal, whether anyone actually pays for the appraisal or when the appraisal is paid for. Typically residential appraisers agree to accept orders from lending institutions with the understanding that payment will be made following settlement or closing of the loan. In most cases, the homeowner or buyer ultimately pays for a residential appraisal, either directly or rolled into settlement fees.

In the United States, the minimum appraisal standards and appraiser qualifications are the province of The Appraisal Foundation which is chartered by the congress. The Uniform Standard of Professional Appraisal Practice (USPAP) periodically published by the Appraisal Standards Board (ASB). USPAP provides the minimum development and reporting standards an appraiser/appraisal report must meet. The Appraisal Foundation is also responsible for setting the minimum qualifications for appraiser licensure/certification through its other board, The Appraisal Qualifications Board (AQB). The AQB is responsible for establishing the minimum education, examination, and experience requirements for licensed/certified appraisers.

It is very important also to know the definition of the type of value being developed and must be included in the appraisal. Some of the values sought by the appraisal are listed:

Market Value – the estimated amount for which a property should exchange on the date of valuation between a willing buyer and seller in arms-length transaction after proper marketing wherein the parties had each acted knowledgably, prudently, and without compulsion.

Value-in-use – The net present value (NPV) of a cash flow that an asset generates for a specific owner under a specific use. It is the value to one particular user, which may be above or below the market value of a property.

Investment value - is the value to one particular investor, which may be above or below the market value of a property.

Insurable value - is the value of real property covered by an insurance policy. Generally it does not include the site value.
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Monday, May 21, 2007

Finding Real Estate in Daytona, Florida

Daytona is known as the world’s most popular beach and as the worldwide center of NASCAR and the Daytona 500. It has many and growing community with six colleges and lots of business, education, health, etc. Daytona is at the intersection of I-95 and the I-4 corridor which affords rapid access to Orlando and Tampa Bay southwest across Florida, and has its own international airport connecting to the world through Orlando International Airport. Centrally located about an hour’s drive from Jacksonville, St. Augustine, Gainesville, Ocala, Melbourne, and Orlando, Daytona also offers its residents close proximity to professional sports such as the NFL and NBA. In addition there are also world class attractions and all types of outdoor recreational opportunities.

Daytona Beach is commonly known as the perfect spot for spring lovers. It is one of the good places for real estate investors as well. It has recently become a profitable market, as the average home price is approximately $212,000 and it has grown over 25% since last year. This growth is expected to continue for at least one year.

One of the things that make Daytona best for real estate investing is that because it does not have any statistics for hurricane hits as many other cities such as Miami and Key West. It is a terrific benefit for the investors planning to invest a real estate in such a good place like this. In case a rental property happens to get hit by a hurricane, the cost of repairing the property could greatly offset any profits that would have been made during that time. If a property is badly damaged, it will most likely need to be completely rebuilt, which is a huge expense, especially when you consider what the cost of labor will skyrocket to, since there will be considerable demand. For this reason, Daytona Beach is a perfect place for investors.

Daytona Beach is a prime market for investors that would also like to invest in beachfront property, since there is an opportunity to make a sizeable amount of money. All year long, because of the sunny weather, people from all over the country visit Daytona Beach to visit family or to take a vacation. The beachfront property will rent anywhere ranges from $500 to $5000 per week. If your property was rented out everyday of the week for a full year, this would concede between $26,000 and $260,000 per year, depending on the rent that is charged. Investors that have a fair amount of money to spend should consider beachfront property in Daytona Beach, since it has an investment property that can be rented out 12 months out of the year.

The population growth in Daytona has been steadily increasing over the past few years and because of that, there is an increased demand for homes. It is very important to put in mind that the sales cycle for at least thirty to sixty days is a little bit longer compared to other Florida cities. Therefore, in order for investors to avoid being affected by this time around, it is important that properties are priced comparable to that of properties that have recently sold in the area. If the house is on the market too long, due to the price being inflated, people will lose interest in it rather quickly, thinking that there is something wrong with it.

Find Homes in Daytona Beach
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Saturday, May 19, 2007

Real Property

Real Property is a legal term closely encircling real estate and ownership interests in real estate which is immovable property. It is a type of property differentiated from personal property.
Terminology in these varies in different countries. For instance, heritable property in Scotland; immovable property in Canada, United States, India, Malta, Cyprus, and most countries in Europe including Russia, also in South America, Malaysia, South Africa, Pakistan, Bangladesh, and many other countries and continents.

Real property is not just the ownership of property and buildings but it includes many legal relationships between owners of immovable property (real estate) that are purely conceptual such as alleviation, where a neighboring property may have some right on your property, or the right to pass over a property. Real property can also be held in various ways. In some jurisdictions real property is held absolutely, in England it may still be considered to be carved out of Crown’s ownership of all property in the realm. Such distinctions are important in terms of the law of escheat or when property reverts to the state because it lacks an owner or has been abandoned.

The important area of real immovable property is the estates in land. These are various interests that may limit the ownership rights one has over the land. The most common and absolute type of estate is the fee simple. It signifies that the owner has the right to dispose of the property as he/she sees fit. Other estates include the life estate where the owner's rights to the property cease at their death and fee tail estate where the property at the time of death passes to the heirs of the body of the owner of the estate before he died.

In almost every country, it is the state that is the true owner of all land within its territory because it is the sovereign or supreme lawmaking authority over it. Individuals don't own their land, but only estates in the land also known as equitable interests such as the conveyable right to use and exclude others from use.

A real immovable property is essential for industry or other activity requiring a lot of fixed physical capital and economics is very concerned with real immovable property and rules like the one regarding its valuation and disposition, and obligations come into the possession to its owners. In economic terms, real property consists of some natural capital like land or one of the factors of production especially in agriculture and infrastructural capital like buildings and other improvements necessary to make immovable property useful for some human purpose.
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Thursday, May 17, 2007

Listing Commercial Real Estate

The term commercial real estate is any multifamily residential, office, industrial, or retail property that can be bought or sold in a real estate market in a trade or business. It includes various offices, business establishments like retail showrooms; open big spaces as well as constructed spaces in different factories etc. It is different from residential real estate in the manner that here the people do not live but come to work and leave.

The term commercial real estate is related to the buying and selling of propery. It is known that there are many real estate transactions including commercial real estate that takes place and there are many persons holding commercial real estate who sell it because of various reasons. The main aim of most of them is to sell it at the highest possible amount and to do so in a short span of time so that the money received can easily be utilized. It is here when commercial real estate listings come into the picture.

There are many real estate companies and real estate agents that provide services targeted at commercial real estate listings. It is basically the listing of concerned commercial property at a specified website etc, where the prospective buyer of the property can easily find it. Also, the price at which the commercial real estate is expected to be sold is usually disclosed within the ad, though it can be negotiable. By listing the property, the seller of the commercial real estate can attract many buyers.

It can be easily said that if a person wishes to sell commercial real estate, it is very necessary that he get it listed on the best available source so that it can easily be approached by the highest number of people.

If your interested in listing commercial real estate try our recommended source: http://www.wannanetwork.com/realty_listing.php or browse national listings via MLS: http://www.wannanetwork.com/mls.php

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Wednesday, May 16, 2007

Tips for Investing in Real Estate

The first tip to consider if you wish to invest in real estate is to do research. It would be necessary to research about the real estate market. Investing in real estate requires that you be familiar with the market’s current condition. Make sure that you can gather the important and valuable information that you need to help you find the perfect place to invest. There are a lot of places to choose from with investing in real estate, all you have to do is research and look for the best place you wishes to invest in.

To begin with, you should lay out a budget for your investment. Make sure that you have enough cash socked away in your savings account, certificates of deposit, and other investments to tide you over, since your general real estate investment money will likely be locked up for some time. Of course, there are systems which can train you to purchase general real estate without much money down, but before you maneuver take advantage of these systems, set aside the cash.

Your next step should be to research relevant opportunities. Your risk profile may be very different from the risk profiles of foreclosure investors, for instance, you may not be willing to gamble on rehabilitating properties. On the other hand, you may have the perfect temperament to invest in commercial real estate. So explore the market in general terms, and then pick a niche or general real estate specialty.

Now that you have a cash allotment and a specialty, learn everything you can about that niche. Go to conferences, talk to other investors, read books, check out websites, learn applicable laws and financials, study up on permits and accounting, do anything and everything to further your education before investing a dollar in the general domain.

Once you are educated and financially poised to move forward, it's time to strike. Don't worry about missing a window of opportunity; the general real estate market is rich with opportunities for intelligent investors. Real estate novices get burned when they enter into contracts they don't understand or tackle markets that they haven't fully studied. Of course, the market is fickle. You are not guaranteed to pick a winner every time, but if you cover your bases as prescribed you will really up your chances to succeed over the long term.

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Saturday, May 05, 2007

So What Is Real Estate?

Real estate is a legal term that deals with land along with anything permanently affixed to the land such as buildings and houses. It is often synonymous with real property and in contrast with personal property. For technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, and from real property it refers to ownership rights over real estate. The term real estate and real property are used primarily in common law while civil law jurisdictions refer instead to immovable property.

In law, the word real means relating to a thing as distinguished from a person. The law broadly distinguishes between real property and personal property. The conceptual difference was between immovable properties, which would transfer title along with the land, and movable property, which a person would retain title to.

In development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each extended area of land has unique characteristics, so the real estate industry has evolved into several distinct fields. There are some kinds of real estate businesses which include Appraisal, Brokerages, Development, Property management, Real Estate Marketing, Relocation services.

Within each field, a business may specialize in a particular type of real estate, such as residential, commercial, or industrial property.

“Internal Real Estate” is a term used by the internet investment community relating to the parallel that exists between high quality internet domain names and real-world, prime real estate. Many internet companies uses the address of properties as domain names.

In recent years, many economists have recognized that the lack of effective real estate laws can be a major barrier to investment in many countries. In most societies, whether rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to puchase and improve their land and buildings is a mortgage loan. It is a bank loan for which the real property itself constitutes collateral. The banks are willing to make such loans at low rates because, if the borrower does not make payments, the lender can forclose by filing a court action that lets them take back the property and sell it to get their money back.