Las Vegas Home Inventory dropped by about 9% in February. The lack of inventory is driving home prices higher and higher in Las Vegas. In October there were 4163 homes on the market, since than Las Vegas has lost 24% of the home inventory . The break down is 10% Foreclosures, 15% Short Sales, 75% of home are traditional sales. Many predict a 10%-20% in appreciation this year.
When your offer gets accepted you will deposit your money into a neutral escrow account. Depending how your realtor structures your real estate offer, you should be able to get your deposit back. Typically offers include contingency periods for appraisal, appraisal inspections and financing.
In Northern Virginia there are currently 3,081 homes on the market for sale. That is the smallest inventory in eleven years. Even during the middle of Winter, open houses are averaging about 25-30 interested home buyers, with no shortage of good buyers. Two areas that need improvement are in short sales and foreclosures.
Purchasing a home is one of the most important decisions that an individual makes in their lives. A home inspection is a limited, non-invasive examination of the condition of a home, usually for the sale of that home.
Inspections are conducted by a professional home inspector who also prepares and delivers a written report of the home findings. Here are 5 tips a home buyer should know before a home inspection.
Building a house is a complex assignment. By ensuring that the highest standards are met, homes built correctly can survive hurricanes, earthquakes and other natural diasters. This is a time lapse video of a vacant lot becoming a 5,000 square foot home in Tallahassee, Florida.