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  • Teresa McCormick | Living in Las Vegas Blog

    Friday, March 1, 2024   /   by Teresa McCormick

    Is Now the Ideal Time to Sell Your House? Exploring the Current Real Estate Landscape

    In today's real estate market, the question of whether it's the right time to sell your house looms large. The answer, however, is a resounding yes. Delving into the numbers and trends, it becomes evident that now presents a favorable opportunity for sellers. Let's dissect the current landscape to understand why.

    In January of last year, according to the showing time stats, we had a little over 10K houses for sale in the Vegas Valley. Now we are hovering around 5300, which is not even a 2.5 months’ supply. With the limited inventory sellers hold a significant advantage in the current real estate landscape.
    As a real estate expert, we focus on enhancing your curb appeal with our free staging services coupled pricing your property competitively. Given the current market dynamics, properly positioned properties are garnering significant attention from eager buyers. This heightened demand translates into faster sales, allowing you to transition seamlessly to your next chapter. ! ...

    Tuesday, February 20, 2024   /   by Teresa McCormick

    What is it Like to Live in Las Vegas?

    Discover the allure of living in Las Vegas beyond the bright lights! From no state income tax to world-class entertainment and burgeoning sports scene, explore the unbeatable perks of calling Sin City home. 

    Segment 1: No State Income Tax
    Nevada is one of the states in the United States that does not impose a state income tax on individuals. The absence of a state income tax can have several potential benefits, both for residents and for the state's economic environment:

    Tax Savings for Individuals: The most direct benefit is that residents of Nevada do not have to pay state income tax on their earnings. This can result in more take-home pay for individuals and families compared to residents in states with income taxes. The material impact of having to pay no state income tax can be the difference in becoming a homeowner or not. Having to pay no income tax directly impacts your ability to handle the big-ticket items such as paying for college, buying a new car, investing ; ...

    Friday, February 16, 2024   /   by Teresa McCormick

    Best Place to Live in Las Vegas 2024

    Beyond the Glitz and Glamor of the Las Vegas Strip is a patchwork of master-planned communities. Our Mission is to assist you in finding a place where you can have a life not just a place to live. This blog post gives you a break-down of several master-planned communities in the Las Vegas Valley. Please join us as we describe the attributes of the various communities so that you can make an educated choice on which would be the Best Place to Live in 2024.

    What is a master-planned Community? A master-planned community is like a self-contained small town. These developments are meticulously designed to offer residents a well-thought-out cohesive living experience. Each master-planned community will have at least one or several common areas such as parks, pools, walking trails or other amenities like tennis or pickle ball. Having these common areas feels more like a community than a metropolitan city.

    Let’s talk about Homeowners Associations or commonly known as (HOA)] These! ...

    Thursday, January 6, 2022   /   by Teresa McCormick

    There Won’t Be a Wave of Foreclosures in the Housing Market

    There Won’t Be a Wave of Foreclosures in the Housing Market

    When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago.

    Here’s a look at why that isn’t the case.

    1. There Are Fewer Homeowners in Trouble This Time

    After the last housing crash, over nine million households lost their homes to a foreclosure, short sale, or because they gave it back to the bank. Many believed millions of homeowners would face the same fate again this time.

    However, today’s data shows that most homeowners exited their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start ...

    Thursday, January 6, 2022   /   by Teresa McCormick

    Why Waiting To Sell Your House Could Cost You a Small Fortune

    Why Waiting To Sell Your House Could Cost You a Small Fortune

    Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are five reasons to list your house now rather than waiting until the spring.

    1. Buyers Are Looking Right Now, and They’re Ready To Purchase

    The ShowingTime Showing Index reports data from more than six million property showings scheduled across the country each month. In other words, it’s a gauge of how many buyers are out looking at homes at the current time.

    The latest index, which covers November showings, reveals that buyers are still very active in the market. Comparing this November’s numbers to previous years, this graph shows that the index is higher than last year and much higher than the three ...