Is now the right time to buy a home in Las Vegas?

The past 12 to 18 months have given the Las Vegas region a 35 percent average sales price increase in homes sold or on the market. Some areas experienced an increase of as much as 50 percent. Not all areas had such dramatic increases and the large increases of the recent past are definitely corrective. Since home values have mostly recovered, corrective increases have stopped and leveled off to an average price increase of about 12 percent per year.

Many people considering home ownership in Las Vegas are asking our Batchelor Group team members if a home purchase is a smart idea now or if waiting and saving more money for a down payment would be better.

Currently, the Las Vegas Metropolitan region boasts over 7,000 homes for sale with an average of 3500 homes sold per month. These numbers mean that if 3500 more homes are not put on the market in the next month, Las Vegas will run out of available homes to buy within two months. Obviously, more homes will be put on the market, but these numbers tell us that it is getting more competitive for home buyers.

Those who plan to stay in Las Vegas and can afford it should buy a home now. The average increase in home prices for Las Vegas is expected to stay at around 1 percent per month or 12 percent per year in the near future. The 12 percent annual increase on a 200,000 dollar home is 2,000 dollars per month of value. Even if you can save 2,000 dollars per month, waiting to buy this home will cost you 2,000 per month in lost appreciation.

New home builders appreciate the loyal and trusting relationships shared by home buyers and individual Realtors. To help with successful sales to qualified buyers, builders are offering extraordinary incentives of appliances and upgrades to prospective buyers through their Realtors. Make sure you bring your Realtor if you are considering a visit to a brand-new home community.

Low-interest rates and affordable prices are conditions that tell us that now is the right time to buy a home in Las Vegas. Call 702-823-3801 or visit us online at www.lasvegas1realestate.com for a private consultation about a home buying process that works for you.

Thinking About Selling Your Las Vegas Home?

Are you thinking about selling your Las Vegas home?
Well the time to do so is now while our inventory levels are still artificially low.


Hello, I am Jillian Batchelor with The Batchelor Group in Las Vegas, Nevada. Legislators in Nevada have passed many laws in the past two to three years like Assembly Bill 284, Senate Bill 300, and Senate Bill 321 or better known as ‘The Homeowner’s Bill of Rights‘ that are now delaying foreclosures.

This delay in foreclosures is artificially increasing our market which is great for those homeowners who are thinking NOW may be the time to sell my home. But this delay in foreclosures won’t last forever!

In fact, we have already seen an increase of upwards of 30 percent in most of the valley, and in certain parts of the Las Vegas valley 50 percent of our home prices. In the most recent three to four months, our market has already cooled off as our inventory levels of homes have already hit an all-time high. Homes are now starting to sit on the market a little longer and even return to normal selling times.

AB 284, which originally went into effect October 1st, 2011 started the collapse of the steady stream of foreclosures of thousands of foreclosures a month. The problem with this was that the law that caused an immediate stop of foreclosures, but not of homeowners defaulting on their mortgages. So nothing fixed the problem.

Next, Senate Bill 300 which was enacted and designed to fix the problems with AB 284, which was short-lived and had little impact and effect because it was followed up by the Homeowner’s Bill of Rights, SB 321. That has since doubled the time frame for a homeowner to be foreclosed upon if they were in default. All of this for the average homeowner who may be looking to sell means insight and outstanding appreciation to their home and much less competition but not for very long. As the notice of defaults for these pre-foreclosure homes are increasing every day.

So, if you’re looking to sell your home for the highest and best dollar possible and are not looking to compete with a foreclosure price, please contact The Batchelor Group today for a customized marketing plan tailor made to your home and designed to capture you the highest net return. We are available seven days a week at http://www.lasvegas1realestate.com/ or you can reach us via the phone at 702-823-3801.

A Great New Method To Lease A Home In Las Vegas

Buyers, are you looking to lease to own a home in Las Vegas? Well, there is a company out there now that will lease to own a home for you.

Hello. I’m Jillian Batchelor with The Batchelor Group in Las Vegas, Nevada. We’re so excited about our new alliance, we’re now working with a company that once you are approved through their company to be a lease to own client, they will allow us to take you out to purchase a home. You’ll be shopping for your choice of generally any home out there under $250,000.

All you need to do is come up with the down payment of 4% and possibly your own closing cost if not already covered by the seller in the contract.

What is so exciting about this program is that you aren’t stuck choosing from just the few homes that are out there on the market that are already listed, lease to own, which we all know is generally only about 10 or fewer of the homes. We actually get to go out and pick from any home that’s available to be purchased on the open market.

This company will purchase the home specifically for you, on your behalf. They also give you the opportunity to earn equity every single month until you complete the purchase financing of that home and gives you up to four years to do so.

This is an excellent opportunity for those of you who want to lock in today’s purchase price, but for one reason or another cannot qualify for traditional financing… Maybe you’ve recently had a foreclosure or a short sale or even a bankruptcy or for another reason you just can’t qualify.

So, if you are looking to lease to own a home, The Batchelor Group is here to help you. We are available seven days a week at
http://www.lasvegas1realestate.com, Or you can reach us via the phone at (702) 823-3801.

We would love to work with you and have the opportunity to find your dream home.