A spectacular Tuscan-style luxury home for sale at Las Vegas on the golf course in the elegant community of Southern Highlands!

This Las Vegas luxury real estate property features over 4,000 sq ft of living space, 5 bedrooms including casita, all with their own bathrooms, formal living and dining rooms, gourmet kitchen with top-of-the-line appliances, open family room with floor to ceiling windows and fireplace.

The master suite features a sitting room, fireplace and French doors to the backyard. The front courtyard features a fireplace and water feature and the backyard features a pool, spa, built-in barbeque and lush landscaping overlooking the Southern Highlands golf course.

Experience a one-of-a-kind lifestyle only here at Las Vegas luxury real estate in the Southern Highlands!

Need more information on Las Vegas Luxury Homes for Sale?

Shapiro & Sher Group 

Prudential Americana

(702) 315-0223

sold@lasvegasfinehomes.com

Local real estate experts say they're starting to see signs of stability in the Las Vegas housing market.

According to the Greater Las Vegas Association of Realtors, a little more than 3,000 homes were sold last month in the valley. That's down slightly from January but up from a year ago.

Additionally, the median price of a single family home sold in the valley last month was about $135,000.

So, could this be the news we've been waiting for? Local experts say they're seeing encouraging signs and things are leveling out. This is much better news than what we were hearing a year ago.

Hetty Chang: The big question: is this the bottom?

Forrest Barbee (GLVAR): Well, if you look at the charts and you look at it trying to form the soft bottom, it certainly looks like it's trying.

Some national experts claim the housing market won't stay at the bottom for very long. In fact, some predict that by June home prices will rise as federal housing programs, such as the First Time Home Buyer Credit, expire.

Don't feel like you have to scramble to buy a home now, however. Barbee believes that here in Las Vegas you will have more time.

"We're looking to 2010 to be a continuation of 2009 - although maybe with better prices. We saw a 16 percent drop in prices last year so this year if we even (hold) flat or (go) up even modestly, that would be good to hear."

Barbee also expects less foreclosure sales and more short sales this year. He's also seeing a lot more cash sales, typically purchased by investors.

Those investors are coming from all over to buy in Las Vegas. Barbee says many are coming from Asia and Canada.
 
Nearly a quarter of the homes sold in the valley last month were short sales, which usually end up being a better option than foreclosure.

The federal government is stepping in to make the short sale process easier for homeowners and their lenders by way of monetary incentives.

Tuesday March 9, 2010 6:39pm PST

Hetty Chang reporting News3

Need more information on a Las Vegas Luxury Home for Sale?

Shapiro & Sher Group

Prudential Americana

(702) 315-0223

sold@lasvegasfinehomes.com

You can guarantee a smooth closing process before you are handed the keys to your new Las Vegas luxury home with a little research and advanced preparation.  Here are few of the common closing-day nightmares, and advices on how to avoid these disasters from ruining your home buying experience:

• In some cases you will get unwelcoming surprises like missing appliance or cracks previously hidden by an ornament about 24 hours before closing. Having a home inspection contingency before completing the offer can prevent this terrible situation.

• You will receive a settlement which outlines the final costs associated with your mortgage before closing. Read this over carefully and compare these costs to those listed in the Good faith Estimate (GFE) that you initially received from your lender. It is common that there should not be differences on the costs between those two. However, sometimes there are legitimate reasons why they may be a little higher. Plan to go to bank before the closing meeting and get a cashier's check (or certified check) because you need to pay these costs with guaranteed funds. Plus, remember to bring your driver's license and checkbook to make sure you are prepared.

• As you arrive at your new Las Vegas luxury home, you may be shocked if the seller's belongings have not yet moved out. You may consider adding a clause in your purchase agreement, which specifically affirms that seller is responsible for any expenses you acquire if the home is not vacated.

You can use these guidelines to avoid potential troubles on the closing of your new Las Vegas luxury home. It is considerable to be mentally and financially prepared throughout this process.

Need more information on a Las Vegas Luxury Home for Sale?

Shapiro & Sher Group

Prudential Americana

(702) 315-0223

sold@lasvegasfinehomes.com

A  Las Vegas Luxury Real Estate in the elegant neighborhood of Summerlin. This is a beautiful 2-story custom luxury home in Eagle Hills on a half acre lot listed at $ 1,700,000.

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Need more information on Las Vegas Luxury Homes for Sale?

Shapiro & Sher Group 

Prudential Americana

(702) 315-0223

sold@lasvegasfinehomes.com

The Home Inspector's File

Don't let a poor inspection keep you from getting to the closing table. Here are the 5 most preventable problems that can scuttle a sale. By Melissa Dittmann Tracey | January 2010

The transaction has made it through almost every hurdle, but a potential deal breaker still lurks-the property has to make it past a home inspector. Buyers typically request an inspection to determine the condition of a home prior to closing, and what is uncovered during the examination may force costly repairs upon the seller, or, in cases of extreme neglect, cause a deal to collapse.

"Agents need to let the seller know we're not the bad guys. We're not there to condemn the house," says home inspector Bill Richardson from Albuquerque, N.M., who is also president of the American Society of Home Inspections (ASHI). "We're there to just report it like it is and comment on the condition of the home. If a seller has taken care of the home, there shouldn't be a problem."

Here are a few of the most common defects revealed during inspections and what home owners can do to prevent them from scuttling a sale:

Improper electrical wiring. The most serious problems often stem from faulty electrical wiring done by home owners or unqualified contractors. A host of issues is often found, such as insufficient electrical service to the house, inadequate overload protection, or wires tied together without being housed in a box, which poses a potential fire hazard, Richardson says. Prepare for the inspection: Ensure that the home owner had the proper building permits for any jobs requiring electrical work. Without adequate permits, home owners may face municipal penalties and may have to rip open walls so that the inspector can view the job. Check with the local building department to see what permits are needed.

Roof deterioration. Old or damaged shingles can lead to leaks. If home owners don't routinely check the roof for damage, they might face costly repairs later on (average replacement cost on a mid-level roof: $19,731, according to Remodeling Magazine's 2009-10 Cost vs. Value Report). However, easy and inexpensive repairs to damaged tiles and shingles, as they arise, can stave off costly fixes. Residents of warmer climates need to be extra vigilant about inspections since the sun and heat can cause the roof to deteriorate faster than roofs in other parts of the country. Prepare for the inspection: Use binoculars to check for damaged, loose, or missing shingles. ASHI also recommends cutting back tree limbs growing near the roof that may pose a threat.

Plumbing problems. Dripping faucets are literally money down the drain. And there's no excuse for ignoring a drip that often can be fixed by replacing a 50-cent seal, Richardson says. Corroding or mismatched piping materials, faulty fixtures, and improperly installed hot water heaters are sources of common plumbing troubles. Rocking toilets-caused by loose bolts in the floor-can also cause water damage to the floor. Prepare for the inspection: Make sure toilets are securely bolted. Check sink faucets, hose bibs, and valves regularly for potential leakage. Fix leaks right away because even slight problems can lead to a host of other difficulties, including mold, mildew, and structural damage to a home.

Improper surface grading or drainage. Water can enter a home and cause major damage if proper drainage, which takes water away from the home, isn't in place. Basements and crawl spaces tend to be the most vulnerable. Gutters or downspouts outside the home can help keep moisture away. Prepare for the inspection: When it rains, grab an umbrella and observe how the home sheds water. Does it disappear into a window? You might need to install, realign, or repair a damaged gutter and downspout system to ensure proper drainage.

Poor overall upkeep. Cracked, peeling, or dirty painted surfaces and broken fixtures or appliances can signal overall neglect. Decayed caulking around doors and windows may be more than just an eyesore; it can compromise the efficiency of your heating and cooling systems and needlessly hike up utility costs. Prepare for the inspection: Walk around the house at least once a year with a scrutinizing eye. Many home inspectors can conduct a maintenance inspection to point out what's starting to fail and what conditions may lead to more serious defects later. Richardson recommends home owners get such inspections every three to five years.

By Melissa Dittmann Tracey | January 2010