Here are seven mistakes to be aware of before borrowing money for a purchase.
When I look at what’s happening and what’s to come, I like the odds. As Las Vegas continues to navigate the current economy, she will continue to do what she does. Reinvent herself, bigger and better!
As we approach a post-pandemic market, interest rates have resurfaced around the 2019 national average, which was the 15-year average before 2020, median sale prices have continuously decreased since June and inventory has tripled over the last three months. Such shifts are defining factors of the market re-balancing and giving buyers some power back.
Until we can hire all the employees we need, our company chose to make a significant effort to expand the skill base of our existing employees. I’ve been somewhat surprised by our success and wanted to encourage other employers to try this if it might work for their industry.
When it comes to getting the most out of the appraisal process, preparation is key. It’s also important to understand that appraisers are focused on the condition, function and features of the home to ensure the property is appraised at full market value.
It’s shocking how fast things change in the local real estate market. Is it time to accept that the housing bubble has officially burst and we’re headed for another collapse like 2007-2008? I can see the eager investors now, licking their chops and rubbing their hands together excited, waiting for values to crash so they can swoop in and cash in on deals, like before. Well, don’t begin to drool yet expecting a crash; I think a housing correction is what we’re witnessing.
If there’s one topic we like to discuss at Karma and Luck, it’s harmony between ourselves and our environment. We stress work-life balance to maintain optimal mental and physical health.
In 2021, Las Vegas experienced its most frenzied market in years. Any agent could put a house on the market and it had a considerable chance to sell. But, with the shift in supply and demand 2022 has presented, today’s sellers are experiencing a more competitive market. Making the choice of who you select to represent you and present your home to the market is more important than years past.
Smart savvy investors and financial pros alike recognize the value found in alternative investment opportunities to keep their portfolios diversified so as not to have all their eggs in one basket.