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Realty One Group - Las Vegas - Petrosian Real Estate Blog

Wednesday, October 4, 2023   /   by House Search Support

Investing in Las Vegas Real Estate: Opportunities and Challenges

Las Vegas, often referred to as the "Entertainment Capital of the World," is not only known for its vibrant nightlife and world-class entertainment but also for its thriving real estate market. Investing in Las Vegas real estate can be an exciting venture, offering a myriad of opportunities for investors. However, like any real estate market, it comes with its own set of challenges. In this article, we'll explore the opportunities and challenges of investing in Las Vegas real estate to help you make informed decisions.
Opportunities in Las Vegas Real Estate
1. Tourism and Hospitality Industry
Las Vegas is a global tourist destination, attracting millions of visitors each year. The city's booming tourism industry ensures a consistent demand for short-term rentals, making it an attractive market for investors seeking rental income. Properties near popular attractions and the Las Vegas Strip are particularly in demand.
2. Low Cost of Living
Compared to many other major cities in the ...

Thursday, September 28, 2023   /   by House Search Support

Buyer’s Checklist – Things you need to keep track of in the Buying Process

The home buying process is one of the most tedious process a person can ever come across in the Real Estate Industry especially with first time home buyers. Purchasing your home will be one of the most enormous decisions you will ever make and helping you understand every step along with its pros and cons (besides from handling you the key) is my ultimate goal.
 
To guide you accordingly, here’s a simple checklist to track where you are in the process of buying your home:
 
Part 1: Planning and Preparation
 
1.         Initial Consultation
-           Besides from knowing your home preferences and/or expectations, it is critical to also get to know about our client’s profile, your profile. This is an opportunity to sit down with you and hear about what you are looking for in a home as well as your priorities in the deeper context of your life and lifestyle. This s ...

Monday, September 18, 2023   /   by House Search Support

Tips on buying a home in a competitive market

In the dynamic world of real estate, properties with high interest levels can present both exciting opportunities and unique challenges for buyers. As demand surges for these sought-after properties, it's essential to arm yourself with savvy strategies to stand out, make informed decisions, and secure your dream home. In this blog post, we'll delve into actionable tips for buyers looking to thrive in a competitive market.
 
**1. **Act Swiftly, But Thoughtfully: High-interest properties often attract multiple offers in a short span. While speed is important, avoid making rash decisions. Take the time to evaluate the property's suitability and value within your budget.
 
**2. **Know Your Budget and Limits: Understand your financial capacity and set a clear budget before you begin your search. High-interest properties can lead to bidding wars, and it's crucial not to overextend yourself.
 
**3. **Get Pre-Approved: A mortgage pre-approval provides a strong signal to ser ...

Tuesday, December 20, 2022   /   by House Search Support

Homeowners Still Have Positive Equity Gains over the Past 12 Months

Homeowners Still Have Positive Equity Gains over the Past 12 Months





 



If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.

Equity is the current value of your home minus what you owe on the loan.

Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially.

And while home price appreciation has moderated this year, and even depreciated slightly in some overheated markets, that doesn’t mean you’ve lost all the equity you gained during the pandemic frenzy.

To prove you still have equity you can use, the latest Homeowner Equity Insights from CoreLogic finds the average homeowner equity has actually grown by $34,300 over ...

Monday, November 18, 2019   /   by Fona Abad

Work For Yourself? Make Sure To Avoid These Mortgage Mistakes

There are currently over 16 million self-employed workers in the United States—and as the gig economy continues to grow, the number of self-employed individuals only stands to increase. But even though working for yourself is becoming more common, it still presents certain challenges when obtaining a mortgage—and if you want to successfully buy a home, you need to know what mistakes to avoid.
According to an article from Realtor.com, there are three crucial mistakes self-employed individuals need to avoid when obtaining a mortgage, including:

Erratic income. As a self-employed person, you’ll be required to submit at least two years of federal tax returns. This proves to your lender that your business provides the stability necessary to pay your mortgage each month—which is why having steady income is so important. Obviously, minor fluctuations are fine—but in order to show your lender you’re a qualified candidate for a mortgage, . ...
Realty One Group - Las Vegas - Petrosian Real Estate
Nathan Petrosian
8395 W Sunset Rd #190
Las Vegas, NV 89113
702-428-3969

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