Move To The Balloon

Double Dipping Home Values

TimKuptz — Mon, 20 Feb 2012 20:15:59 +0000

Home prices throughout Las Vegas have continued to drop for the second year in a row. With lower asking prices, this is setting up a great time to buy to get even more for your money. To see what zip codes have been affected the most please follow this link.

The Right Job

TimKuptz — Thu, 16 Feb 2012 21:35:41 +0000

Click here to view the embedded video.

Settling on Foreclosures

TimKuptz — Mon, 13 Feb 2012 18:28:18 +0000

For the last several years our market has felt the impact of foreclosures, but it looks like President Obama’s relief plan is finally being put into action. The Department of Justice announced last week that investigations into bank foreclosures will lead to helping approximately 1.8 million homeowners. It is going to have a significant impact in our market by decreasing time it takes for a note to go through foreclosure. For the full article please follow this link.

Record Breaking Numbers

TimKuptz — Wed, 08 Feb 2012 21:44:00 +0000

Just in the middle of February and we are already on target to have another record setting year. The number of homes being sold went up in January, even though the prices are dropping. This is exactly what our housing market needs and with it starting so soon in 2012 that only means great things for the rest of the year. For the full article please follow this link.

Shocking Prices

TimKuptz — Thu, 02 Feb 2012 21:26:34 +0000

Housing prices are continuing to drop; it is definitely the right time to buy. With abroad investors coming over to get some of the best deals it is about time sales started going in the right direction locally as well. To find out the average home price please follow this link.

Plumbing Claim Deadline Approaching

TimKuptz — Tue, 24 Jan 2012 18:19:14 +0000

Pillar to Post Home Inspections is reminding everyone that the Kitec Plumbing Claim Deadline is approaching and it is something that affects every Realtor in Nevada. Homeowners must act by no later than March 31, 2012. Click here to read the full press release on the deadline extension. After March 31st it will be the homeowners/ buyers will be fully responsible for any repairs or replacements on their Kitec plumbing. It is advised that your home inspector is ALWAYS checking for Kitec. If there is any reason to believe that Kitec is installed or the plumbing system cannot be confirmed, have a plumber evaluate it and give a WRITTEN clearance (or confirmation) of Kitec. There is normally a fee for this service but well worth it!!

Indications a property may have Kitec:
-Look for a Kitec sticker in the electrical panel.
-Review the list of builders/ developments with Kitec that have had the deadline extended, Click here
-Check for areas of exposed pipes-attics, laundry rooms, water heater connections, etc.
-Check the main water line to see if the electrical lines are grounded to it.
-Look for decreased water flow, heavy corrosion on visible pipes, or indication of leaks in the plumbing system.

Remember: Nevada Law specifically prohibits home inspectors from conducting destructive testing. In many cases, the only way to confirm Kitec is through a wall penetration. We’ve heard of some home inspectors that are making these wall penetrations. Consider any legal and ethical ramifications before conducting any destructive testing on a property that has not yet transferred ownership.

Resources:
-For a list of builders/ developments with Kitec that have had the deadline extended, click here. This is an excellent resource, but it is not all inclusive. Kitec can be found in homes not on this list.

-For more information on how to make a claim, please visit the court-appointed claims administrator’s website: www.TotalClassSolutions.com/Settlements

Total Class Solutions contact info:
Total Class Solutions is in charge of the administration of claims. They have the most up to date information on specific properties and can help you file a claim.
Telephone: (800) 622-0130

E-mail: Info@TotalClassSolutions.com

Plummeting High-Rise Prices

TimKuptz — Fri, 20 Jan 2012 17:58:37 +0000

With banks tightening up the loans given out it is no wonder that High-Rise Condos are selling at unbelievably low prices. A recent article in the Las Vegas Review Journal states that high-rise sales falling six percent in 2011 you are now able to pay less than $200 per square foot. That is a half of what they were selling at the peak of the market. Now is definitely the time to buy with a substantial amount of units available. For the full article please follow this link.

2012 Off With a Bang

TimKuptz — Thu, 19 Jan 2012 18:17:47 +0000

Still in the first month of 2012 and the market is heading in the right direction. Recent polls show that unemployment is starting to decrease, housing prices are low and mortgage rates are out of this world finally kick starting the economy to recovery. All of this comes as great news for the housing market, realtors, home buyers and sellers let’s just keep it coming. For the full article follow this link.

Abroad Investors

TimKuptz — Fri, 13 Jan 2012 20:24:49 +0000

Affordable homes are throughout the world and we are seeing more investors from abroad. In a recent article on msnbc.com foreign buyers make up a good portion of our market. The amount they’re investing keeps rising yearly, in 2010 is was a little over $80 billion. While getting loans is still a difficult and lengthy process, foreign investors are coming to the US with cash in hand. For the full article and more statistics please follow this link.

Opportunity Knocks

TimKuptz — Wed, 04 Jan 2012 19:20:53 +0000

It looks like 2012 is going to be a great year, polls done by LasVegasRealEstate.org show that Las Vegas ranked #1 in homes for sale. Buyers are astonished at what they are now getting for their money and not waiting around to get as many investments. With low home median prices it will be interesting to see what the rest of this year will bring. To find out the median price please follow this link.