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89081, North Las Vegas - Announcing a price reduction on 5325 La Quinta Hills, a 2,249 sq. ft., 3 bath, 4 bdrm single story. Now MLS® $129,900 - Like New!.
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Silverado Ranch, Las Vegas - Announcing a price reduction on 1060 Sleetridge, a 3,165 sq. ft., 3 bath, 5 bdrm 2 story. Now MLS® $209,900 - Bank Owned!.
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Great Location!!
• 1,422 sq. ft., 2 bath, 3 bdrm 2 story
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$92,500
- Reduced!
Silverado Ranch, Las Vegas
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Adorable 3BD, 2BA home for Sale. Great location in Silverado Ranch, close to shopping,parks, freeways. Complete with blinds, ceiling fans, all appliances!! Call Robert today @702-540-3775
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Single Story
• 1,148 sq. ft., 2 bath, 3 bdrm single story - $89,900
Silverado Ranch, Las Vegas - Charming Single story in Silverado Ranch with 3 bedrooms and 2 baths. Great access to shopping, freeways, parks & recreation. Call Robert at 702-540-3775 for more information on this property.
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Great HUD Home!
• 1,978 sq. ft., 3 bath, 3 bdrm 3-level split
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$145,000
Henderson, Clark County
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Immaculate 3BD, 3.5BA HUD HOME for sale in Henderson. This home is in excellent condition. Great Floorplan. Contact Robert about this property or for a FREE Photo List of other HUD homes at 702-540-3775
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Great HUD Home!
• 1,849 sq. ft., 3 bath, 4 bdrm 2 story - $123,000
Henderson, Clark County - Adorable 4BD, 2.5BA HUD Home in great condition. Custom paint throughout. Great island kitchen. Nice neighborhood with park. For more information on this home or a photo list of all HUD Homes please contact Robert at 702-540-3775 South Bay Realty,LLC
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SWIMMING POOL!!
• 2,174 sq. ft., 3 bath, 5 bdrm single story - MLS® $139,900
Village at Craig Ranch, Las Vegas - GREAT HOME! ALL NEW CARPET AND TWO-TONE PAINT! 2 STORY HOME WITH 5 BEDROOMS, 3 BATHS, FORMAL LIVING AND DINING ROOM. SEPERATE FAMILY ROOM. 3 CAR GARAGE, LARGE BACKYARD WITH SWIMMING POOL AND COVERED PATIO. GREAT LOCATION NEAR SHOPPING, SCHOOLS.
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Southwest Las Vegas, Las Vegas - Announcing a price reduction on 7637 Starshell, a 1,650 sq. ft., 2 bath, 3 bdrm single story. Now $119,900 - .
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Sun City Anthem, Henderson - Announcing a price reduction on Ashen Light, a 1,248 sq. ft., 2 bath, 3 bdrm single story. Now $129,900 - .
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Single Story!
• 1,156 sq. ft., 2 bath, 3 bdrm single story - MLS® $89,900 - Great Deal!
North Las Vegas, Clark County - Great single story in quiet neighborhood with no CC&R's. Brand new carpet and paint makes this home stand above the rest and it is ready for immediate move-in - no waiting on banks! Exterior of house has been repainted also. Large backyard that is completely landscaped with grass and mature plants and trees. Nice cul-de-sac lot with extra long driveway for lots of parking. Nothing buyer needs to do!
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You Pick Finishing Touches!
• 4,020 sq. ft., 4 bath, 5 bdrm single story - MLS® $349,990 - Brand New Home!
Las Vegas, Clark County - BRAND NEW HOME FOR UNDER $88 SQ FT ON LARGE LOT! Last chance for your buyers to select finishing touches. Home can be completed within 30 days after contract date. Huge gourmet kitchen, 5 bedrooms, 3 car garage, 2 tone paint, dark solid oak cabinets, granite ct - just need your buyers!
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Las Vegas, Clark County - Announcing a price reduction on 3908 Heldron St, a 4,020 sq. ft., 4 bath, 5 bdrm single story. Now MLS® $349,990 - Brand New Home!.
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• 4,020 sq. ft., 5 bath, 5 bdrm single story - MLS® $349,990 - HUGE PRICE REDUCTION!
Las Vegas, Clark County - HUGE PRICE REDUCTION - SELLER WANTS IT SOLD NOW. BRAND NEW HOME UNDER CONSTRUCTION - 5 BEDROOMS AND 5 CAR GARAGE on a corner lot. 4020 SQ FT of living space - Amazing kitchen and family room area. Kitchen has huge island with sink and granite countertops. Buyer to choose flooring. Please contact agent for showing information.
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According to Forbes, Las Vegas is among the 37 cities in the United States where buying a home is less expensive than renting one. This is primarily because of the battered housing market in the area that is characterized by numerous foreclosures. But the redevelopment plans to attract more non-gambling businesses and the touristtraffic back to the Las Vegas have made the idea of owning a home in the area a good start to making real money in the future.
Pros and Cons of Renting and Buying a House
Renting has its own advantages and disadvantages. It can be a better choice for you if you have no intention of staying in Las Vegas for more than a couple of years and if you cannot commit to making regular monthly payments. However, if you are one of those who dream of living in this promising and dazzling city in the U.S., then buying a house instead of just renting one can be of great advantage for you.
There are various reasons why you should buy a house. First, off the tax benefits of owning a home are huge! In addition, you'll qualify for tax incentives from the mortgage interest rates are tax deductions. Compared to just renting, buying a house is also good for your credit score because a house is a strong proof of your stability when it comes to finances. Lastly, compared to just renting, you own a home and don't have to worry about the landlord not paying his mortgage and you'll find yourself having to move more often.
The only disadvantage, however, of buying a house is the cost. Obviously, to own a house, you"ll need to save for a down payment and finance it or purchase it in cash. But, remember buying a house now at historic lows is a wise investment.
The good news is that buying a house in Las Vegas is now less expensive than before. Because of the current state of the housing market in Las Vegas, there are a lot of houses, in addition to other properties such as Condos, now being offered at surprisingly low prices. There are tons of Foreclosures and Short Sales to choose from.
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Deductions on Mortgages and Property Taxes
If you own a property, regardless of how you acquired it, you can directly deduct the interest you pay on your mortgages to up to $1 million on both first hand and second hand mortgages. In addition, if you still have home equity debt, you can get deductions for up to $100,000 or whatever is the difference between your home’s value in reference to the current state of the housing market and the amount you still owe on your mortgage.
The property taxes are deductible too if you did energy saving renovations on your property like insulation; and if it contains any of these add-ons streets, sidewalks, and water or sewer systems.
Tax Credits on Energy Saving Renovations
Depending on the ruling in your state, tax credits are also available for energy-saving renovations. Such renovations include insulation that complies with the standards set by your local energy board and the use of non-renewable sources of energy like solar-powered heating systems. In order to be eligible for such tax credits, you will need to have your home assessed prior to the submission of the correct tax form.
Exemptions from Paying Capital Gains
When you sale your primary residence, you can make up to $250,000 in profit if you're a single owner, twice that if you're married, and not owe any capital gains taxes.
Even better, there's no limit on the number of times you can use the home sale exemption. In some cases you can make tax-free profits of up to $250,000 or $500,000 depending on your filing status
Further, one of provisions of the tax code also dictates that you may be saved from incurring capital gains if you exchange your property with another piece of land. These deductions help lighten your monthly expenses on mortgage, insurance and utility bills. And if you’re using your real estate property for rental use, you will also have additional earnings through your rental income. Which, can be an excellent return on your investment!