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The Soileau Realty Group at Life Realty Blog

Wednesday, May 29, 2019   /   by Tom Soileau

Buyers Market vs Sellers Market

Many people want to know if it is a buyers market or a sellers market. A buyers market or a sellers market is based on supply and demand. That is reflected in the number of months of supply of homes on the market.
Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale.

Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
As you can see from the graph below, we currently have 3 months of supply. Inventory is increasing and moving towards a balanced market, but at this point, it is still a sellers market. If you are thinking abou ...

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Tuesday, May 21, 2019   /   by Tom Soileau

Should You Use a REALTOR® to Buy a New Construction Home?

I am often asked if a REALTOR® is needed when purchasing a new construction home and my answer is, "Yes, yes, YES!" Many people assume that because new construction homes are typically wrinkle free, and that the home prices are often fixed, that there's nothing to be gained from hiring a real estate agent to represent you as the buyer—but that couldn't be further from the truth.
Here are eight reasons why you should always hire a REALTOR®, even when purchasing a new construction home:
1. Representation
The smiling, friendly sales agent at the model home represents the builder, but who will be representing you? They will be negotiating for their builder to ensure that the builder gets the most money for the home and you need someone who will negotiate just as aggressively on your behalf. Price is not the only point to be negotiated. There are fees, upgrade options, financing terms, closing costs, and much more. Make sure you have someone who is in your corner and en ...

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Tuesday, May 21, 2019   /   by Tom Soileau

Pros and Cons of New Construction Homes and Existing Homes

Whether you are buying a new or old home, there are plenty of things to think about.
Pros and Cons of New Construction Homes and Older Homes
When searching for your home, keep in mind that you are in control of the transaction. You choose your real estate agent, home inspector, mortgage provider and of course, your home. All of these decisions can sometimes be overwhelming, and for some people, turn what should be an enjoyable experience into something they dread. However, with the guidance from a knowledgeable Realtor, the purchase of your next home will be something you celebrate and enjoy for many years. Your lifestyle and how much you enjoy the ongoing maintenance and upkeep associated with homeownership are key considerations to finding the best home for you. Most people prefer new construction over existing homes. But older homes have some advantages that should not be overlooked, and may make an existing home the right choice for you. Let’s compare the pros and con ...

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Thursday, May 9, 2019   /   by Tom Soileau

HomeStyle Renovation Loan

You want to buy a resale home but everything in your price range is out of date and needs upgrading and renovation.  You walk into a house where you like the location, the yard, the bones of the house, but it is outdated and needs lots of work, so you won't consider it because after purchasing the home, you won't have the cash to do the work.

What if you could do the repairs/renovations you want, and have that cost rolled into your loan? Want to update the bathroom, put granite counters in the kitchen, new paint and flooring and not have to come out of pocket? The Fannie Mae HomeStyle Renovation Loan could be the answer. 

Available on primary owner occupant, 2nd home and investment properties.  

If this sounds interesting to you and you have questions, let me know and I will get you with a lender to go over all the details.

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Thursday, May 9, 2019   /   by Tom Soileau

The Cost of Renting vs. Buying 2019

The Cost of Renting vs. Buying 2019



The latest reports indicate that homeownership is still cheaper than renting in the United States. Let's get together to find you your dream home - it may be cheaper than you think!

Watch Now

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The Soileau Realty Group at Life Realty District
Tom Soileau
2225 Village Walk Dr. #200
Henderson, NV 89052
702-340-1577




CrossCountry Mortgage, Inc.
Jennifer Caro
6140 Brent Thurman Way, Suite 200
Las Vegas, NV 89148
702-595-6881

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