Las Vegas First Time Homebuyers – Make sure you read this!!!

While the proposed $15,000 home-buyer tax credit died in negotiations between the House and the Senate, the $787 billion stimulus bill that President Barack Obama signed into law Tuesday includes a similar–albeit smaller–measure designed to help revive the real estate market. Here are six things you need to know about the freshly-enacted $8,000 first-time home buyer tax credit.

1. Eight grand, new buyers: The tax credit included in the economic stimulus legislation is much narrower than the $15,000 proposal. This credit is equivalent to 10 percent of the purchase price of the home–although it’s capped at $8,000–and applies only to first-time home buyers and principal residences. But unlike an earlier $7,500 home buyer tax credit, this one does not have to be repaid.

2. First time buyers defined: For the purpose of this legislation, a “first-time home buyer” is someone who hasn’t owned a principal residence for three years before buying a house. (The date of purchase is considered the day that the title is transferred.) That means if you’ve owned a vacation home–but not a principal residence–within the past three years, you would still qualify for the credit.

3. 2009 buyers only: Only those who purchase a home
on or after January 1 and before December 1, 2009 are eligible for the credit. Anyone who bought a home last year won’t be able to take advantage of it.

4. Income limits: The tax credit is subject to income limitations. Single buyers need a modified adjusted gross income of $75,000 or less to qualify for the full credit, that’s $150,000 for married couples. Those earning more than these thresholds may be eligible for reduced credits.

5. Refundable: Because the tax credit is “refundable,” qualified buyers can take advantage of it even if they don’t have much tax liability.

6. Recapture: Buyers have to own the home for at least three years in order to capitalize on the credit. If they sell the home before then, they will have to return the credit to the government. (Exceptions will be made in certain cases, such as death or divorce.)

More information on Las Vegas First-Time Homebuyers right here on the source for Las Vegas Condos !!!

http://www.usnews.com

In Las Vegas, luck is where you find it and where you make it. And you can make some very good luck for living south of the main downtown casino area, but close to major roads.

Just off Las Vegas Blvd South, you will find a gated community close to the airport and the strip which affords you the ultimate in luxury living. Manhattan has spacious floorplans, luxurious amenities, and great views of Central park.

But you don’t need to pay for the ultra luxury of Manhattan to enjoy this South Las Vegas neighborhood. Take a look at these Las Vegas condos:
Loft 5
Boca Raton Las Vegas
Stephanie Village

Find out why CondoDomain is different from other real estate brokers.

The Spring Valley section of Las Vegas has some of the best views and is truly a desert oasis. Spring Valley is also the place where some great new construction gives you the advantage of loft living, close to the Strip, but away from the hustle.

Take a look at these Spring Valley condo lofts:
Spa Lofts
Vantage Lofts

The Las Vegas housing market is still hot for buyers, and homes are selling. Give me a call today to tour these Spring Valley condo homes.

Las Vegas real estate sales are showing an incredible increase in volume over this time last year. The $8000 home buyer tax credit combined with lower prices is making these Las Vegas Condos affordable again to many buyers.

Since Las Vegas has been identified nationally as an undervalued market, interest is peaking among investors. In luxury homes and condominiums, there are some incredible price reductions. Developers of luxury homes and Las Vegas condos want to move the inventory.

Here are some luxury Las Vegas condos that are a great value right now. Give me a call for more about these.

Stephanie Village
Panorama Tower
Boca Raton Las Vegas
SoHo Lofts Las Vegas
Park Avenue Las Vegas

Find out why CondoDomain is different from other real estate brokers

The Las Vegas Strip is one of the most legendary streets in the world. Home to some of the best hotels, casinos, and restaurants, the Las Vegas Strip is a destination for tourists and those seeking relaxation in luxury and comfort.

You don’t have to be a high roller to win on the Strip. There are plenty of luxury Las Vegas condos available, at today’s lower prices.

The Las Vegas Strip is one area that does not lose value, and it is a prime piece of real estate. Take a look at these magnificent Las Vegas condos on the strip right now:

Panorama Towers
The Platinum
Sky Las Vegas
Newport Lofts
Juhl Lofts
Residences at the MGM Grande

Find out why CondoDomain is different from other real estate brokers.

]]> http://www.lasvegascondoloft.com/the-las-vegas-strip/feed/ 0 http://www.lasvegascondoloft.com/affordable-las-vegas/ http://www.lasvegascondoloft.com/affordable-las-vegas/#comments Mon, 27 Apr 2009 11:51:23 +0000 Paul Murad http://www.lasvegascondoloft.com/?p=104

Luxury is yours in Las Vegas, now that condo prices are more affordable, and your choices are plentiful. South Las Vegas is becoming a boom town for construction of new condos – and a great place for you to find a super Las Vegas residential opportunity.

Some of these South las Vegas condos border Henderson, NV, another up and coming area. Take a look at these south Las Vegas Condos:
Stephanie Village
Boca Raton Las Vegas
Vantage Lofts
Avalon

Contact us about these South las Vegas condo opportunities. And find out why CondoDomain is different from other real estate brokers.

Demand for Las Vegas homes has risen in the past month, but prices are still the lowest level in years. This is good news for the Las Vegas Condo buyer.

In North Las Vegas, buzz continues about funding for casinos and large projects to stay afloat. Last weekend, Allure auctioned 10 buyer forfeited units – look to see more of these auctions in North Las Vegas.

We’ll keep you informed of all Las Vegas condo news – and the interesting buyer friendly initiatives in North Las Vegas. Meantime, take a look at these listings in North Las Vegas:

Verge

Newport Lofts

Streamline Tower

Find out how CondoDomain is different from other Real Estate Brokers

Foreclosures are on many people’s minds lately.  Since the Federal Government has offered incentives to lenders to restructure people’s loans, local and state governments are encouraging home owners to seek help sooner rather than later and work with their lender to avoid foreclosure.  Help includes restructuring loans, and the purchase of homes by municipalities and non profits.

Foreclosure is the last stop on the money crisis train for home owners.  Once a home is foreclosed, the lender really does not want to own it.  This is why for the savvy buyer, these homes can be a great deal.

Las Vegas foreclosures are no longer just in risky neighborhoods.  The foreclosure crisis has hit all sorts of homes in all types of areas.  Pre-foreclosure, many homeowners and developers are willing to negotiate with a buyer/investor.  If they can walk away with a little cash and satisfied liens, and you have a property for less than the market value, it can be a win – win proposition.

How do you find pre-foreclosure opportunities?  By searching for them on our site!  Our partnership with RealtyTrac enables you to search all Las Vegas foreclosure listings.  Pre-foreclosures, foreclosure auctions, and bank owned properties are all at your fingertips on our site, and we can help you make sense of the entire process.  We can also assist you with obtaining financing.  Contact us today to learn more about Las Vegas foreclosure opportunities.

Las Vegas lofts are a popular lifestyle choice right now.  Whether built brand new, or converted from formerly commercial and industrial space, the convenient locations, ample space, soaring ceilings and light pouring in through large windows make an attractive choice, and are a magnet for urban designers.

Luxe Lofts is an intimate loft community of just 83 residences.  It is new, and now accepting deposits.  You have a choice of single or two story living.  Each Las Vegas loft comes with two underground parking spaces.  All the latest wiring is there, just ready for your cable, Cat 5, and satellite. You have all the usual amenities of luxury living, indluding private terraces, spacious floor plans, and European cabinetry with granite counter tops. A unique feature of Luxe lofts is the “life size” chess board in the outside common area.

Call us to tour Luxe Lofts and remember, with CondoDomain, we give you money back at closing.

Foreclosures are pressuring the real estate market in many cities, but providing many opportunities for home ownership. Formerly investors and “house flippers” were the majority at Las Vegas foreclosure auctions. But now, regular home buyers who want a chance at an affordable home are flocking to Las Vegas foreclosure auctions.

While foreclosures in huge numbers hammer housing prices, efforts to sell the homes and get them off the market have two benefits. One is that once the large inventory of Las Vegas foreclosures is off the market, housing prices can stabilize and a true market value can again be established, with homeowners once again building equity. The second benefit is obvious – the buyer gets a home at a low price.

Buying a Las Vegas foreclosure is not without risk, since the buyer is responsible for repairs and all liens against the property, including taxes, construction liens, and second mortgages. When it comes to Las Vegas condos, it’s possible to have less risk exposure than with a freestanding house.   We can help you with this. We can give you information about the building, the community, and assisting you in finding out the truth about all outstanding liens. We can also assist you with purchasing any foreclosure you choose, not just a condo.

Here at CondoDomain, we have partnered with RealtyTrac so that you can search all available and pending foreclosures in the Las Vegas area. Take a look at these, and then call us with your questions.

Good news for FHA loans! As of last week, there are new maximum loan limits that are available due to the American Recovery & Reinvestment Act. These new loan limits are for new and existing loan applications that are submitted with credit approval on or after March 12, 2009.

Here is a list of the 2009 FHA Maximum Mortgage Limits*:

$729,750 for one-unit properties
$934,200 for two-unit properties
$1,129,250 for three-unit properties
$1,403,400 for four-unit properties

These new limits open up the possibilities for many new buyers! Now lenders can go as high as a $729,750 loan amount with only 3.5% down! So if you are in the market to buy and have previously been unable to put 10-20%  down, this is excellent news!

Contact Christina Longo immediately for more information at 978.886.9359

View the all-new Condo Loan Center to learn more information. The Condo Loan Center offers everything from first-time homebuyer programs with down payment assistance, to private mortgage banking with unlimited loan amounts. In addition, the Condo Loan Center has the ability to act as a broker gives clients even more loan programs. Through the Condo Loan Center, you can rest assured that you will be provided with a competitive loan that meets your individual needs.

A complete schedule of FHA’s maximum county mortgage limits can be viewed through the HUD website by clicking here
*the list excludes financed UFMIP or EEM cost

We are so happy to be live and blogging here in Las Vegas. This exciting destination has many great real estate opportunities right now, and I’m happy to tell you more about them.

Yes, you have plenty to choose from among Las Vegas condos, and certainly you’ve read the report in the news that tells of one in six Las Vegas rentals being empty. This isn’t because people are leaving, as is the case in many cities. Las Vegas is growing – and the housing stock grew even faster. With tough economic times, there’s now a lot to choose from, while people adjust to the hard realities in their lives that might keep them from buying. But if you are in the market for a Las Vegas condo, and you’re ready to buy, you have some pretty good odds of getting a really great deal on a beautiful home in an exciting city.

You cannot beat Nevada as a great place to live or relocate, especially for business reasons. Ranking among the top ten economically most free states, Nevada is attracting a diverse group of entrepreneurs and successful business people looking to re establish their enterprise in a more favorable business climate. Las Vegas, with it’s longstanding attraction as a tourist and convention destination, and fine homes, is the urban mecca for these upscale sophisticated and innovative buyers.

This blog will highlight specific Las Vegas condo developments, and give you the latest information on real estate news, and Las Vegas foreclosures and auctions. The opportunity of a lifetime awaits you – and remember – here at CondoDomain, we give you money back at closing.