Saturday, December 26, 2015

Interest Rate Hike - December 2015






I write you today about the recent Fed decision to raise interest rates.

Don’t worry. You won’t see the cost of mortgages increase too much. It’s only a 0.25% rate hike.

However, as our Las Vegas economy improves, interest rates will likely rise further making it more expensive to buy a home.

If you’re thinking of selling your home, this affects you now…

Your home will sell for its maximum price in 2016. The upcoming spring selling season is going to be hot.

Not many homes are for sale in Clark County – inventory is very tight.

Home buyers will also make motivated offers to get ahead of inevitable future interest rate hikes.

All this generates more demand for your home now.

As you know, home prices in many Las Vegas neighborhoods went up considerably in 2015 and there’s a strong chance your home is one of them.

I recommend you check the current market value of your home.

You can get a free valuation on my website: www.summerlinhomereport.com

  
Enter your property address and you’ll get a recommended selling price range for your home based on the recent sales of your neighbors.

You may be very surprised at your price – it’s likely to have gone up!

Now this website tool is just an estimate. However, if you’re serious about selling your home, I can give you a very accurate asking price.

Call me at 702-292-9064 or reply to this email with details of your home.

Tell me about your kitchen, bathrooms, home improvements, and all the things you love. I know what a buyer will pay for it today.

And of course, if you’re not interested in selling your home, rest easy knowing we are in a healthy real estate market with appreciating prices.

If I can ever be of service to you buying or selling a home, I’m here.

Stacy Sheeley & Associates
Realty One Group
Office: 702-292-9064








Tuesday, December 1, 2015

Wednesday, August 12, 2015

Buying A Home: How to Improve Your FICO Score (Credit Scort)

 

 

 

IMPROVING YOUR FICO SCORE

It’s important to note that raising your score is a bit like losing weight: It takes time and there is no quick fix. In fact, quick-fix efforts can backfire. The best advice is to manage credit responsibly over time.
PAYMENT HISTORY TIPS
  • Pay your bills on time. Delinquent payments and collections can have a major negative impact on your score.
  • If you have missed payments, get current and stay current. The longer you pay your bills on time, the better your score.
  • Be aware that paying off a collection account will not remove it from your credit report. It will stay on your report for seven years.
  • If you are having trouble making ends meet, contact your creditors or see a legitimate credit counselor. This won't improve your score immediately, but if you can begin to manage your credit and pay on time, your score will get better over time.
AMOUNTS OWED TIPS
  • Keep balances low on credit cards and other “revolving credit”. High outstanding debt can affect a score.
  • Pay off debt rather than moving it around. The most effective way to improve your score in this area is by paying down your revolving credit. In fact, owing the same amount but having fewer open accounts may lower your score.
  • Don't close unused credit cards as a short-term strategy to raise your score.
  • Don't open a number of new credit cards that you don't need, just to increase your available credit. This approach could backfire and actually lower score.
LENGTH OF CREDIT HISTORY TIPS
  • If you have been managing credit for a short time, don't open a lot of new accounts too rapidly. New accounts will lower your average account age, which will have a larger effect on your score if you don't have a lot of other credit information. Also, rapid account buildup can look risky if you are a new credit user.
NEW CREDIT TIPS
  • Do your rate shopping for a given loan within a focused period of time. FICO® scores distinguish between a search for a single loan and a search for many new credit lines, in part by the length of time over which inquiries occur.
  • Re-establish your credit history if you have had problems. Opening new accounts responsibly and paying them off on time will raise your score in the long term.
  • Note that it's OK to request and check your own credit report. This won't affect your score, as long as you order your credit report directly from the credit reporting agency or through an organization authorized to provide credit reports to consumers.
TYPES OF CREDIT USE TIPS
  • Apply for and open new credit accounts only as needed. Don't open accounts just to have a better credit mix - it probably won't raise your score.
  • Have credit cards - but manage them responsibly. In general, having credit cards and installment loans (and paying timely payments) will raise your score. Someone with no credit cards, for example, tends to be higher risk than someone who has managed credit cards responsibly.
  • Note that closing an account doesn't make it go away. A closed account will still show up on your credit report, and may be considered by the score.
Search for homes at my website:  www.ilovesummerlinhomes.com  or email me: stacy@lvteamrealty.com

Monday, August 3, 2015

Federal Interest Rates Expected To Rise


Federal Reserve Interest Rates

In Case You Missed It....
On Wednesday afternoon, after a two-day meeting, Fed policy makers issued a statement saying that economic growth continued to meet their expectations, and they continue to be on track to raise rates sometime later this year, perhaps as soon as its next policy meeting in mid-September.
The last time the Fed raised interest rates, in June 2006, Facebook was mainly for college students and had one-tenth the users of MySpace.



Keeping you informed!

Stacy Sheeley & Associates
Realty One Group - Summerlin
stacy@lvteamrealty.com
www.ilovesummerlin.com
702.292.9064 - direct
702.898.1221 - office

 

Wednesday, April 8, 2015

15 Words To Make Your Home Stand Out In Your Listing Description






15 Words to Make Your Home Stand Out and Seem More Valuable


 
If one of the following words accurately describes your home, you might want to consider adding it to your listing description:

1. Luxurious
As mentioned above, lower-priced listings with the word "luxurious" sold for 8.2% more on average than expected.
"Luxurious" signals that a home's finishes and amenities are high-end. This is a huge selling point, particularly in this price range.

2. Captivating
Top-tier listings described as "captivating" sold for 6.5% more on average than expected. Unlike the word "nice," "captivating" provides a richer, more enticing description for buyers.
Plus, it's less open to interpretation. Anything can be seen as "nice," but "captivating" sets a high bar.

3. Impeccable
On average, listings in the bottom tier with the word "impeccable" sold for 5.9% more than expected. Like "captivating," "impeccable" is a rich adjective.
It also implies something about the quality of a home: The features are desirable and the home is move-in ready.

4. Stainless
"Stainless" is typically used to describe kitchens with "stainless steel appliances." It's in your favor to talk up these features in your listing - especially if your home is in the bottom price tier. In our analysis, lower-priced homes with the word "stainless" sold for 5% more on average than expected.

5. Basketball
On average, lower-priced homes with the word "basketball" sold for 4.5% more than expected. This may seem like an odd word to include in this list, but when you consider the context it makes sense. Among lower-priced homes, a basketball court - or even better, an indoor basketball court - is a huge selling point. While it may not stand out as much among higher-priced homes, it's definitely worth mentioning in this price range.

6. Landscaped
It's just as valuable to describe your yard as your house. In all price tiers, listings with the word "landscaped" sold for more than expected on average. The biggest premium was seen among lower-priced listings, which on average, sold for 4.2% more than expected.

7. Granite
In the same vein as "stainless," "granite" is typically used to describe countertops or another high-end home feature.  Listings with the word "granite", sold on average for 1% - 4% more than expected across all price tiers.

8. Pergola
Not only should you include high-end home features in your listing description, you should also mention features not found in every home. They'll help your listing stand out, especially if buyers are searching for homes online by keyword. The data shows mid-priced listings with the word "pergola" (slated wood patio cover) sold for 4% more on average than expected.

9. Remodel
Was your home recently remodeled? It may be worth mentioning. On average, bottom-tier listings with the word "remodel" sold for 2.9% more, middle-tier homes for 1.8% more and top-tier homes for 1.7% more than expected.

10. Beautiful
While beauty is in the eye of the beholder, a beautiful feature like a view may be worth noting. Lower-priced listings with the word "beautiful" sold for 2.3% more on average than expected.

11. Gentle
"Gentle" may seem like a weird adjective to have in a listing description. It's typically used to describe "gentle rolling hills" or something about a home's location. Top-tier listings with the word "gentle" sold for 2.3% more, on average, than expected.

12. Spotless
You may think all homes are spotless when a buyer moves in, so it's not worth mentioning in a listing. But when it comes to lower-priced homes, cleanliness isn't always a given. In this price range, listings described as "spotless" sold for 2% more on average than expected.

13. Tile
Much like "stainless" and "granite," "tile" is a great word when it comes to describing the features of your home. A newly tiled backsplash or updated bathroom tile not only indicates a home's aesthetic value but also sends a message to buyers that the home's been well cared for by the current owners. Bottom-tier homes with the word "tile" in the listing sold for 2% more on average than expected.

14. Upgraded
On average, lower-priced listings with the word "upgraded" sold for 1.8% more than expected. Most buyers will agree that upgrades are a selling point. They indicate a home not only looks nice but also functions well. Spelling out which features have been updated is a good approach, so buyers have the right expectations when they see your home.

15. Updated
"Updated" sends a similar message to "upgraded." But in addition to speaking to the quality of a home, it signals that something old has been replaced with something new. This is a great fact to communicate to potential buyers, as evidenced by the data. Mid-priced homes with "updated" in the listing sold for 0.8% more on average than expected.

Report from Zillow by Catherine Sherman, March 6, 2015.


Its a Seller's Market again in Las Vegas!



                                                                "How’s the Market?"

The Market Action Index answers that question by measuring the current rate of sales versus the amount of inventory.  When the index is above 30 it implies it favors the Seller’s market condition; below 30 favors the buyer.  Ours is currently 39.

Home sales continue to outstrip supply and the Market Action Index a has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.  

New home builder’s report that there is relatively no standing inventory and sales at record highs.
The average days on market for resale homes is 107 and a healthy market is 90.  

To find out what your home is worth: www.summerlinhomereport.com