Some people seem to be at the right place at the right time, and there is no better time to be in the right place when it comes to real estate. Whether you are looking to buy your forever home, or just looking to flip a home and move on being in a neighborhood on the rise can make all the difference. But how? How does one know when a neighborhood is on the rise? Let us at the Vegas Cash Deals, point you in the right direction.

Follow the coffee!! It sounds silly, or whimsical even, but according to a number of sources including Business Insiderlook for coffee shops, a new Starbucks development, and smaller unique coffee shops!! It isn’t just coffee, if a new trendy restaurant or painting studio pops in a “bad neighborhood” it could be a sign that the neighborhood is on the rise.

Art and Music,  people enjoy living around creativity and culture.  Artists and musicians offer both, and often live in places that are affordable with low rents. The art and music draw in the people, popularity of the neighborhood drives up the rent and the surrounding prices.  While this is rather unfortunate because the artists and the musicians tend to move on, when investing in a property this is something you should look out for, especially if you are hoping to get into a neighborhood before it becomes “THE” neighborhood.

Consider the surrounding neighborhoods.  While you may not currently be IN the trendy neighborhood, being in the surrounding neighborhood can be equally beneficial. At some point that neighborhood will be either, at capacity OR too expensive to live in and so the overflow begins into the surrounding areas.

When investing in a property with some of the signs above, the area might not be fulfilling all the boxes on your wish list, patience is key when it comes to investing for the future.  Timing is everything.

Vegas Cash Deals takes pride in our mission to change the way you think about selling your home. We offer an easy cash option for selling your home, as-is, on your timeline with zero closing costs, fees or commissions. However, even as real estate has evolved, some people find themselves reluctant to consider selling their house to a cash buyer. The assumption is, if you are selling your house to a cash buyer, then you are likely in a desperate situation, that cash buyers will give you extremely low offers, and that selling the traditional route will net you more money at the end of the day.

You do not have to be in a desperate situation in order to consider selling to a cash buyer. While there are unfortunate circumstances, such as family loss, or facing a pre foreclosure that could make someone want to sell to a cash buyer, more often than not, it isn’t the case. Many times its an unexpected job opportunity, or grandparents moving to be closer to their grandchildren, or a landlord who doesn’t wish to manage a property anymore.  It is the ordinary situations that are the most common, when people want simplicity and straightforwardness, so they can move on to better chapters!

If you are considering selling to a cash buyer, take comfort in knowing that the cash buyers goal is not to low ball. Lots of people and companies who offer cash for homes have been in the real estate industry for a long time, they will discuss comps with you of your home, and the homes that surround your home that are of similar size and condition and what they sold for.  This kind of transparency & knowledge not only shows the credibility and honesty of the buyer, but gives you as a seller piece of mind to know you are really getting a fair offer for your home.

Rest assured that if you choose to go the alternative route and sell to a cash buyer you will not be walking away with any less than you would had you sold traditionally. After agent fees and commissions, and any additional fixes you are walking away with the same amount, only without a headache.

Don’t miss out! Call us today!

April showers brings May flowers, and a whole laundry list of things to do before getting ready for summer! Here at Vegas Cash Deals we have some tips as to what projects to delve into this spring, to make sure your home is in tip top shape and up to date!

1.) Clean The Gutters – Whether you need to hire someone or you do it yourself, cleaning your gutters can save you headaches and heartbreaks. If the downspouts are not away from your foundation, adjust it accordingly. Leaky and loose gutters can lead to improper drainage, and if water was to drain into the right space, you could be facing water damage in your basements or crawl spaces without even knowing it! Leaky gutters can also lead to a leaky roof, if the drainage isn’t going to the appropriate place.

2.) Examine Your Roof – Have your roof examined, check for lose tiles or damage that may have occurred during the winter or early spring.  The summer sun can have a damaging effect on roof shingles. If you see shingles that are cracked, folded, loose, or even missing granules, try and replace them. Be sure to also check the flashing near the plumbing vents, also check the flashing if you have skylights and chimneys. We recommend to having this done by a qualified roofer, so you that way you take out the risk of being on the roof, and you have the comfort of knowing you’re in good hands.

3).  Check Your AC Unit-   Just in time for summer, check and have your air conditioning unit serviced by a professional. If possible, have the coils cleaned and the filters changed to ensure that your unit is working efficiently and providing you with the coolest, cleanest air possible. Also, having your air conditioning unit serviced yearly, can bode well if you ever decide to sell your home.

Being prepared never hurt anyone, so before you set off into summer, make sure you’re all set at home!

You’ve thought of selling your house, and you know the price that you have in mind to sell for, but you aren’t sure if the price is realistic! What factors determine your homes value? Is it something that you have any control of? Whether you are thinking of selling traditionally or selling to a cash buyer we have compiled a small list of contributing determinants.

The Local Market

If your home has all the ideal upgrades  but there is a large number of homes for sale in your area, and only a handful of buyers you are looking at what is called a buyers market, which could impact what your home can sell for. Inversely, if your home is one of a handful of homes for sale and there are a great deal of potential buyers, you are looking at what is called a sellers market, which of course is the optimal condition to be selling a home. When you are in a sellers market, you can not only expect that your home will be more “valuable” the listing can likely become very competitive for potential buyers.

Neighborhood Comps

Potential cash buyers and even traditional real estate agents will gauge the value of your home by looking at house in the same area, that are relatively the same size and condition, with similar upgrades. Lenders will likely need a report that shows the appraisal to approve mortgages for traditional buyers. Neighborhood Comparisons play a huge role in determining value.

Location

Location, Location, Location, it is quite true what they say- even though you bought your house because it was conducive to your personal life, whether it be a short commute to work or not far from extended family, it may not be ideal in terms of appraisal. Factors that determine prime location can include proximity to public transit, shopping and general entertainment. The overall rating of schools in the neighborhood and even the closeness to major highways can ALL impact the value of your home.

To be fair we realize these are not factors in which you have much control over, especially if you have lived in a house for a long time and are now deciding to sell. However, understanding what impacts the value of your home will help with realistic standards and ultimately an easy and quick sale of your home.

When deciding it’s time to sell your home you first must decide how you’re going to sell it. Are you going to list your home the traditional way or sell your home for cash? In a previous blog post we’ve discussed the differences between listing and selling for cash and how to decide what’s best for you. Refer to it here if you aren’t yet sure what’s best for you.

Selling your home for cash to an investor has many benefits. Benefits of selling your home to an investor include the following:

• It is faster and easier than listing.
• You get cash for your home.
• You avoid fees and realtor commissions.
• You can sell your home in as-is condition and avoid costly repairs.
• You avoid timely showings.

The entire process of selling your home to a real estate investor is so quick and easy that selling a car will be more of a hassle! Investors will be upfront and honest throughout the process. They don’t sugar coat things and lead you to believe your home is worth much more than it is. They don’t expect you to make repairs, remodel, or even clean up the house before moving out. They give you an offer for your home under as-is conditions and what they offer you is what you’re handed in cash at the end of the sale. It really cannot get much easier than that.

Don’t let selling your home be a stressful experience. We are here to help make it easy, no matter the circumstance. Take it from Sharon in Las Vegas who states that selling to an investor made the “process stress free and worked with my time schedule. They gave me a fair price and were so pleasant to work with”. Let us be there for you, too. Contact us for an offer here. We hope to work with you soon!

There comes a point in time that we all need to consider what to do with our belongings after our passing. Estate planning and writing a will isn’t something many people want to think about or even spend time on but, inevitable, death is something we must deal with. It is important to plan for what you’d prefer happen to your belongings and property prior to your passing to avoid stress on family members and loss of assets you’d like to bequeath to loved ones. As most people’s largest asset planning, what will happen to your home is especially important. Property is often gifted to family members; children or grandchildren, brothers or sisters, etc. Before leaving your home to a loved one, there are many factors to consider in determining if it is the right option for all parties involved.

1. Location and desire of the family members. If the family member you are considering gifting your property to lives in another state it is important to consider the implications that this will have on their ability to manage the property. You need to ask yourself, “Do they even want the property?”, “How often can they get here to manage the property?”, “What are they going to do with it; sell it, rent it, or live in it?” Of course, the easiest way to answer these questions and determine if it is a good fit for the person is to talk to them about it.
2. Legal requirements including income tax implications of transferring your property. When contemplating gifting property, it is a good idea to seek legal advice from a trusted professional. Probate can be a long, stressful and costly process for families during an already difficult time. By working with a legal advisor in advance you can ensure your home, and any associated trusts, are properly set up to allow the most seamless and cost-effective transfer for your loved ones. Often many probate issues can be avoided with the proper planning. This is a good time to work with them to ensure they are financially prepared as well. Your estate planning should also include planning for the tax implications of the transfer.
3. The condition your home is currently in. The condition of your home may seem minor in the grand scheme of things but it plays a huge role in the processes that follow a transfer. If the homes condition is below average and requires remodeling to bring it to the top of market value, then it must be acknowledged that whomever you gift the property to is going to bear the costs of home improvements. It can be expensive and messy to remodel and update a home. If the family member lives outside the state, this is going to especially difficult for them. It may be the case that selling the home for cash is a better suited option than costly updates and time consuming home improvement projects. If you determine this is the case, reach out to us for an offer on your home. Click here and fill in the relevant information and we will get back to you shortly.
4. Capability of the loved one to handle and manage the property. We understand that gifting a property can seem like the best gift a person can give someone. In some cases, it can be but it’s important to understand and consider all factors first. If the person you are considering gifting your property to is willing and able to take on the responsibility that comes with owning a property it can be a beneficial transfer. Always talk to them first, ask them questions, and make sure they fully understand what comes with owning property, especially if they never have before. If their health is suffering or they have a million other things they are responsible for handling, consider this. The gift of a property should be just that, a gift, not a burden.