Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

6 Lessons Monopoly Can Teach You About Home Buying

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

1. Patience

MONOPOLY: So your family has decided to play Monopoly? Refill your beverage, grab a snack and change into comfortable clothes. You’re going to be there a while.

LESSON: Buying real estate is a process. There’s pre-approval for a loan, interviewing agents, searching for homes, submitting an offer, maybe submitting another offer, the home inspection, the appraisal, and final loan processing before you get the keys. Needless to say, buying a home can take some time. Instead of getting frustrated, focus on all of the great reasons you decided buying a home was right for you. Staying in close communication with your agent throughout the process will help, too.

2. Neighborhood matters
MONOPOLY: Everyone starts the game with one corner in mind: Boardwalk and Park Place. The high-priced properties have the best returns on investments, and the players who snag them first tend to do well in the game.

LESSON: Location is often a major consideration in real life as well. Home values, your lifestyle and so much more are factors in your neighborhood choice. Work with your agent to learn all you can about the neighborhoods that pique your interest.

3. Keep an open mind
MONOPOLY: Baltic and Mediterranean Avenue have a bad reputation because they’re the cheapest properties on the board, but they also present opportunity. Add a few houses and hotels and your return could be bigger than the one on nearby Connecticut Avenue.

LESSON: Keep an open mind when shopping for a home. An up-and-coming neighborhood may have appeal you didn’t see before, and more value for your budget.

4. Be prepared
MONOPOLY: You’re a Monopoly mogul! You have a handful of desirable properties and a steady stream of income from your houses and hotels. Then comes the Chance card: “Make general repairs on your property – for each house pay $25, for each hotel pay $100.”

LESSON: You never know what card you’re going to draw. But unlike Monopoly, the real world has home insurance available to help you prepare for unexpected repairs and disasters. A variety of plans, customizable to any budget, are available. Some homebuyers also opt for warranties covering potential appliance issues after move-in.

5. How to win a bidding war
MONOPOLY: Trading properties keeps Monopoly exciting. And there are no strict rules as to how a seller determines to accept an offer. Sibling rivalry, bribes involving candy or even business sense can play into a player’s decision.

LESSON: Sellers don’t always accept the highest offer. Writing a letter about why you fell in love with their home can sometimes sway their decision in your favor.

6. The importance of strategy
MONOPOLY: Monopoly is a game of strategy, but few players are inclined to study ways to win. What if you had a coach sitting next to you, advising how much to bid for a property, where to look next, and whether or not mortgaging a utility to buy Boardwalk is a smart idea? You would be unstoppable!

LESSON: Buying a home is an infrequent occurrence; for some it happens only once in a lifetime. Wouldn’t it be helpful to have someone on your side who is up-to-speed on laws for your state, knows which neighborhoods would best fit your lifestyle and helps you navigate a bidding war? That’s the value an experienced agent provides.

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals.

Blog courtesy of RE/MAX Blog

New on the Market - 9832 Dardanelle Court, Las Vegas

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Beautiful remodeled one story home in The Lakes. Vaulted ceilings and an easy, open floorplan. A 3-way gas fireplace is centrally located to three rooms for your enjoyment. The interior has been freshly painted with two-toned paint. New carpet, baseboards, ceiling fans and blinds have also been added.

 

 

The kitchen is beautiful and includes freshly painted cabinets, new granite countertops and new stainless steel appliances. Ample counterspace makes meal preparation easy. The large master suite has vaulted ceilings and a sliding glass door to the spa and patio. The master bath includes a soaking tub and separate shower and double sinks plus new wood laminate floor and a large walk-in closet. Three bedrooms and two full baths.

Freshly painted exterior. The laundry closet includes storage cabinets and the washer and dryer come with the home. Low maintenance desert landscaping with rocks, shrubs and trees on this nicely sized lot. The spacious backyard has a nice pebble patio and the BBQ is included. The hot tub has a new cover and new spa pump. The Lakes Community offers nice amenities for you to enjoy including several parks with waterfalls and ponds, bike paths and walking trails. Close to shopping, dining, parks and Summerlin.

For more information or to see additional photos of the home, click here.

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals.

6 Ways to Keep Your Home Flu Free

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Keep your home from serving as a breeding ground for the cold or flu virus with these simple tips.

1. Control your remote
What’s the first thing someone does after calling in sick to work or school? They grab the remote and hunker down with Netflix and some chicken soup. Make sure their germs don’t stick around by disinfecting your remote regularly.

2. Lose the shoes
Flu-causing viruses and bacteria can hitch rides on shoes and the dirt they carry. Ditch your shoes as soon as you walk through the door and slip into some slippers instead.

3. Work that washer
Have kids (or dogs) with lots of plastic and rubber toys? Disinfect them regularly by running them through your dishwasher. It’s a much more efficient way to kill germs than spraying and wiping them down one by one. Consult Google if you’re unsure what’s dishwasher safe.

4. Humidify
Viruses love dry air. Studies show that homes kept at 40-60 percent humidity tend to have fewer flu viruses floating around. Keeping the air in your home at that range can decrease the amount of flu virus in the air by as much as 30 percent. That’s definitely worth the price of a small humidifier.

5. Update your hardware
Copper, aluminum, lead, iron and silver are all antimicrobial – they actually kill bacteria. Brass is the most powerful germ slayer of all. Since doorknobs are a common gathering place for germs, installing brass ones might be a stylish, and effective, strategy for staying flu-free.

6. Replace (or nuke ) your kitchen sponge
That small square holds onto a host of germs. Replace it every week or so, or kill those festering colonies by blasting the sponge in the microwave for two minutes.

Does your current home lack a cozy corner to recover in? It may be time to explore your options. Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals.

Blog courtesy of RE/MAX Blog

July Home Sales Ignite Momentum for Back Half of 2019

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

Following an unseasonal decline in home sales in June, July home sales bounced back ending a nine month climb of year-over-year inventory growth, according to the July 2019 RE/MAX National Housing Report. Low-interest rates appear to have brought more buyers into the mix leading to cautious optimism about the momentum for the remainder of 2019 and a strong finish to the year.

“The housing market has been a bit uneven since the early spring, with each encouraging month seemingly followed by one with lukewarm results. It’s possible the housing market has finally shaken some mud off its boots and can maintain its momentum for the back half of the year,” said RE/MAX CEO Adam Contos.

While lower interest rates help affordability and may entice homebuyers to begin their home search, accelerating price increases dampen options for buyers and may leave sellers hanging onto their properties longer than expected. Home prices have risen, year over year, in 88 of the last 90 months dating back to February 2012. Nevertheless, it’s encouraging that record prices have not hindered a strong summer selling season in July.

Ongoing demand and favorable mortgage rates will be an indicator of progress as we inch closer to year-close. Here are some highlights of the latest data found in the RE/MAX National Housing Report:

  1. Home prices continue to soar.

Despite a 0.7% decrease in Median Sales Price from June 2019, the median of all 53 metro Median Sales Prices was up over 9% from July 2018. In fact, five metro areas increased year-over-year by double-digit percentages with the largest increases seen in Wichita, KS, Cleveland, OH and Cincinnati, OH.

  1. Inventory Remains Constricted Despite Months of Growth.

The number of homes for sale in July 2019 was down 2.2% from June 2019 and down 1.4% from July 2018. Based on the rate of home sales in July 2019, the Months Supply of Inventory decreased to 2.7 compared to 2.9 in June 2019, and decreased compared to 3.3 in July 2018. A six months supply indicates a market balanced equally between buyers and sellers.

  1. Home sales snapped back.

A drop in home sales from June to July is typical in the report’s 53 metro areas. But the 0.2% decline from June to July 2019 was by far the smallest month-over-month decline since July 2013. And while June sales failed to top May for only the second time in the report’s 10-year history, July sales set a report record for the month. 

Prospective homebuyers, are you ready to make your move? Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals.

Blog courtesy of RE/MAX Blog

Displaying blog entries 1-4 of 4

Share This Page

Contact Information

Photo of RE/MAX Central Realty Real Estate
RE/MAX Central Realty
Heidi and Michael Winston
8921 W Sahara Ave, Suite A
Las Vegas NV 89117
Heidi: 702-277-6599
Michael: 702-219-8692
Fax: 702-974-2288