Who's thinking about selling? We may have a BUYER for you. Currently, we have BUYERS looking for these properties:

-Anthem up to $2.2 million

-Green Valley up to $1.8 million

-Seven Hills up to $1.2 million

-Green Valley Ranch up to $475,000

-Inspirada up to $450,000

-Legacy up to $250,000

If you need help and assistance in selling your home please login to our website http://www.lasvegasfindahome.com/ or www.SoldByJenkins.com   or call Bill Jenkins 702-845-8540 or Fran Jenkins 702-860-5432 at Nevada Realty Connection or email Bill@soldbyjenkins.com

Have a Bad Neighbor? What do I do?

AC Ronquillo

Ever had an instance where you had a disagreement with a neighbor? Have you in any way feel you avoid going out because there is a Homer Simpson (The Simpsons) outside. Ever get the feeling that you are irritated and have no peace of mind when you see your nemesis outdoor?

Peace is precious. You will never be able to breathe easily if you have someone breathing on your neck. It is not a healthy relationship either. if you have a broken one with the next door neighbor. Here are some of the tips that you can do in order to mend that relationship and reconcile.

1.       Communicate directly- It is better to talk it out face to face rather than talking behind someone’s back. Go to your neighbor’s house and speak to hi9m calmly and tell the issue upfront. If you don’t feel safe enough then have a friend join you in public safe place

2.       Do other ways- If you can’t communicate face to face a voicemail or a written letter can do. Chat with your neighbor make sure to discuss what is bothering you- of course you need to get their Home Phone Number if not then write a letter discussing your ceoncern.

3.       Listen Attentively-There is no pint discussing an issue if you don’t know how to listen. Make sure to respect your neighbor’s views.

4.       Apologize if needed- Assess the situation objectively, if your neighbor doesn’t want to speak with you an apology might soften him up.

5.       Compromise- Talk to your neighnor an layout some suggestions. Ask him Ideas on how to resolve the issues.

6.       Strengthen ties- After reaching a truce- it is good to keep the line of communication open. Try to befriend your ex- enemy. Make sure to invite him over for a short chat or coffee from time to time.

To find a Great Home please do not hesitate to visit our website at http://www.lasvegasfindahome.com/ or call Nevada realty Connection look for Bill Jenkins 7028458450

The Nature of Calling an Expired Listing Lead

By: AC Ronquillo

In Real Estate the challenges of selling a home has been difficult for some of the agents. Not everyone is skilled in selling a home, it really intrigues me the reason why a home has not been sold by an agent. Usually it bolls down to 5 reasons- Price, Location, Condition, Marketing and worst of all the Agent’s Behavior. The moment the home goes off the market, the sellers gets a ton of calls first thing in the morning.

For someone who is new in real estate “expired listing” does not mean that it’s an old listing, but the term “expired” means that the listing contract expired with that agent whom the seller signed for.  The seller has an option to either renew that contract to have the same agent be in charge of selling the home or simply look for another agent.

Although an expired listing is really the King of all lead sources because you can call them today and list them the same day! however based on experience as an Inside Sales Associate, this can be challenging for some. You really need to understand how an expired seller thinks.

Understanding a little bit about human psychology is key to your success with expired listings. So let’s begin by identifying the 3 different human behavior patterns you may notice when interacting with a seller whose listing has expired.

We have 3 Behaviors observed

1.       Rationalization

2.       Reaction Formation

3.       Displacement

Rationalization

When people don’t get what they want or attain a goal they’ve set, rationalization often sets it. This is a normal human behaviour pattern that helps people avoid depression.

For example, when a couple experiences a breakup in their relationship, each may rationalize it by saying, “He/she wasn’t right for me anyway. Same thing when selling a home- “Well I could really sell at a different time maybe next month”

Reaction Formation

When a person feels a certain way (perhaps sad) but acts in different way (cracks jokes), that person is displaying a reaction formation. People do this to hide their real feelings so they don’t appear vulnerable. Here’s a classic example of a reaction formation in action.

For Example: When a seller’s home does not sell by the listing termination date, he may be very upset or mad on the inside, but on the outside he may seem aloof, shrug it off, and say, “Oh well…it didn’t sell. C’est la vie!” An unskilled agent may interpret that as a sign that he won’t re-list because he doesn’t care,when in reality he is very upset by his home not selling

Displacement

Sometimes people are upset, mad, or annoyed at one person, but they take out their frustrations on another person. This is called displacement. You’ve likely been on the receiving end of displacement many times.

For example, your spouse had a bad day at work and comes home upset. Nothing anyone at home does is right. Your spouse is displacing her frustrations about work on her family, even though the family had nothing to do with making her upset. No different from Real Estate,

Prospecting is a skill and that is a fact! - In the old west we prospect for Gold; we separate the dirt from the treasure, not different from real estate. You have to understand that these are actually human beings that have feelings so before you rebut to their objection you have to exercise 2 things: Compassion and Understanding that is the real key to getting the rapport needed.

If you need help and assistance on calling Expired we will guide you, please login to our website: http://www.lasvegasfindahome.com/ or www.SoldByJenkins.com   or call Bill Jenkins 702-845-8540 or Fran Jenkins 702-860-5432.

Great Pool Home For Sale

*BEAUTIFUL 5 BEDROOM HOME IN DESIRABLE GREEN VALLEY*SOARING CEILINGS UPON ENTRY*DOUBLE STAIRWAY*FORMAL LIVING/DINING ROOM *SPACIOUS KITCHEN W/ LOTS OF CABINET, COUNTER SPACE, ISLAND/BREAKFAST BAR OPEN TO FAMILY RM W/COZY FIREPLACE*BRAND NEW HIGHLY UPGRADED CARPET & 2 TONE PAINT*BEDROOM W/BATH DOWN*4 BEDROOM'S UP, 1 HUGE BEDRM/BONUS RM*SPARKLING POOL & PATIO FOR GRILLING*MATURE LANDSCAPE FRONT & BACK*CONVENIENT

To know more about the details and the price of this gorgeous property please visit us at www.lasvegasfindahome.com or please contact Bill Jenkins @ 7028458450

There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.

The National Association of Realtors (NAR) released their findings of a study in which they studied“income growth, housing costs and changes in the share of renter and owner-occupied households over the past five years in metropolitan statistical areas throughout the US.”

Don’t Become Trapped

The study revealed that over the last five years a typical rent rose 15% while the income of renters grew by only 11%. If you are currently renting, this disparity in growth could get you caught up in a cycle where increasing rents continue to make it impossible for you to save for a necessary down payment.

The average renter in the United States pays 30% of their income on housing compared to that of a homeowner who can expect to spend 15%.

In many metro areas the percentage of income spent on housing is even higher and continues to rise every year. Like in San Francisco, CA, where the average renter spends 59% of their monthly income on housing or nearly 65% in Boston, MA.

Homebuyers who purchased their home over the same five-year period locked in their housing costs and were able to grow their net worth as home values have increased and their mortgage balances have gone down.

Know Your Options

Perhaps, you have already saved enough to buy your first home. HousingWire reported that analysts at Nomura believe:

“It’s not that Millennials and other potential homebuyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment.

It’s that they think they’re not qualified or they think that they don’t have a big enough down payment.” (emphasis added)

As we have reported last week, over 60% of Millennials who recently bought a home put down less than 20%; 36% put down less than 5%. Your dream home may be more attainable than you ever imagined!

Bottom Line

Don’t get caught in the trap so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Have a professional help you determine if you are eligible to get a mortgage.

Original Blog Source: http://www.keepingcurrentmatters.com/2015/08/25/dont-get-caught-in-the-renters-trap-three/

If you need help and assistance please login to our website http://www.lasvegasfindahome.com/ or www.SoldByJenkins.com   or call Bill Jenkins 702-845-8540 or Fran Jenkins 702-860-5432.

Looks like its back to square 1 as people who think of getting a Home  are challenged. The higher the interest rates go up the lower the credit scores go down. Here are some Interesting Facts:

• The average 30-year rate for all loans closed in August eclipsed 4.3% for the first time since October 2014.
• The average FICO score for all closed loans in August reached a new yearly low at 724 (the lowest since February 2014!)
• The average down payment of FHA loans closed was just 4%!

If you need help and assistance to buy a Home we can Help you. please login to our website http://www.lasvegasfindahome.com/ or www.SoldByJenkins.com   or call Bill Jenkins 702-845-8540 or Fran Jenkins 702-860-5432.

We have some of the trusted and skilled loan officers we know that can help you out on your loan. Give us a call!

If you need help and assistance and to know more about this listing .please login to our website http://www.lasvegasfindahome.com/ or www.SoldByJenkins.com   or call Bill Jenkins 702-845-8540 or Fran Jenkins 702-860-5432.

Overall in Las Vegas and Henderson, Nevada real estate, we are in what is considered A Extreme Seller’s Market. While the real estate climate can fluctuate and change with financial and statistical trends, Las Vegas has seen a great amount of growth. 2.5 months of inventory exhibits the seller’s market data, even though the market can be different based on demand and the quantity of homes for sale in each price range. Homes have sold most from the 200-300K price range

In North Las Vegas, 485 homes sold with 2.04 months of inventory, at a median sales price of $195,000. Contrastingly, in Boulder City, Nevada, there were 21 homes sold with 3.43 months of inventory- the average selling price here was $270,000. High levels of home sales in the Southwest show 721 home sales at a median price of $245.036 after 2.85 months of inventory. These figures have changed over a period of time. he different regions in Las Vegas sell at varying speeds- some of these statistics can impact the value of homes for sale in Las Vegas and Henderson, Nevada.

Although there have been some slight variances. Home prices seem to fluctuate.  In a Extreme Seller’s Market, 0-3 months of inventory is the norm, with moderate appreciation. Normal Buyer’s markets see 9-12 months for inventory sales, with moderate depreciation. A balanced market generally falls somewhere in between at 7-8 months of inventory, with slight depreciation of properties.

In the current Normal Seller’s market climate, zip codes in and around the Las Vegas area can be an implication as to what areas are experiencing the most home sales. 89052 (Henderson, NV) saw 113 homes sold at a median price of $394.900. 89178 came in with 78 homes sold at a median sales price of $227,000. The 89005 zip code (Boulder City, NV) showed 21 homes sold at a median sales price of 350,000. On the whole, the rise in home prices has paused.

Extremely low mortgage rates and rising apartment rents in many cities have led some people to dive into homeownership more quickly than they’d originally planned. However, others are choosing to wait until the housing market recovers, in spite of the incentives to buy. The truth is, there’s no one right answer when it comes to determining whether to rent or buy a house.

There are a number of considerations you must make when making this decision. Renting and buying both present a number of pros and cons, and your own financial situation may be the biggest factor of all.

Pros & Cons of Renting

Despite the fact that you can’t build equity, renting offers you the most freedom and flexibility, especially if you are on a month-to-month lease.

Advantages

·         No Maintenance Is Required. If the garbage disposal breaks or you need a plumber, getting maintenance is as easy as calling the superintendent.

·         It’s Easier to Move. If you are not settled into your career or could have an opportunity to relocate in the near future, it is much easier to switch to a month-to-month lease or sublet than it is to sell your home.

·         You Can Avoid Owning a Depreciating Asset. While home prices have stabilized and are rising in most housing markets, there’s no guarantee that your home will increase in value over time.

Disadvantages

·         Your Monthly Payment Can Increase. Rents have been rising in many cities, so you may be facing an increase in your monthly housing payment as soon as your current lease ends.

·         You Don’t Build Equity. When you rent, your housing payment provides you with a place to live, but will not provide you with an asset to sell when you are ready to move.

·         You Don’t Receive Tax Benefits. Homeowners can deduct their mortgage interest payments and their property taxes from their federal income tax, which reduces the final cost of homeownership. Renters cannot deduct any of their housing expenses

·         You Can’t Paint or Remodel Without the Owner’s Approval. While some landlords are kind enough to let you paint your apartment, you’ll have to get their permission and consult on the color. If you want to make other changes or upgrade an appliance you’ll have to put in a request with your landlord or apartment manager.

Pros & Cons of Buying a Home

Homeownership is not for everyone, but there are some financial and emotional advantages that can be enticing.

Advantages

·         You Can Build Equity. Historically, homes rise in value anywhere from 4% to 6% per year. Even if your home doesn’t increase in value, though, you’ll be building equity as you pay down your mortgage as long as your home maintains its value.

·         You Can Take Advantage of Tax Breaks for Homeowners. Homeowners can deduct their mortgage interest payments and property taxes when they itemize their federal income taxes. These deductions offset the cost of your housing.

·         Your Housing Payments Will Stay Stable. If you choose a fixed-rate mortgage, your principal and interest payments remain the same for the duration of the loan. However, your homeowners’ insurance and property taxes can change.

·         You May Be Able to Use Your Home as an Investment. If you buy a home and choose to leave it, you can rent it out rather than sell and generate income. This works best if you can cover your mortgage (or more) with rental payments. With this in mind, it pays to choose a home that will make a good rental property in the future.

·         You Can Settle in a Community. Once you commit to owning a home, you are more likely to become more involved in your community because you know you’ll be there for years. You can get to know your neighbors, perhaps join a homeowners’ association, or volunteer for projects that benefit the community or the local school.

·         You Have the Freedom to Decorate as You Please. One of the joys of homeownership is the ability to change your environment to suit your tastes. Of course, if you live within a development with a homeowners’ association you may have a little less freedom with your home’s exterior, but you can still paint your kitchen purple if you like.

Disadvantages

·         You Have to Pay for Your Own Maintenance. As a homeowner, you must spend time and money keeping your home in good repair. You need to set aside funds for unexpected expenses, such as appliances that break, a service contract on your furnace, or the need to replace your windows.

·         Your Home Is an Illiquid Asset. If you would need to sell because of a job relocation or change in your circumstances, you may not be able to sell your home as quickly as you would like or for as much money as you want.

·         You Must Pay Property Taxes. Property taxes can go up, making your home less affordable.

·         Your Home Could Lose Value. As many people have learned the hard way, there’s no guarantee that your home will increase in value over time.

·         Buying a Home Requires a Cash Investment. You need to use up your savings for a down payment and closing costs and for other expenses of homeownership. That cash won’t be available for other investments.

·         Homeowners’ Insurance Is Mandatory If You Have a Mortgage. As a renter, renter’s insurance is recommended but not required. Your lender requires you to insure your residence, and typically you have to pay those insurance premiums along with your mortgage payment.