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remaxlasvegas · 9 months

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Amargosa Valley NV Properties

Amargosa Valley NV properties is a small town located in Nye County, Nevada, about 100 miles northwest of Las Vegas. The area is known for its natural beauty, with the Amargosa Desert and the Amargosa River running through the area, and for its proximity to the Ash Meadows National Wildlife Refuge and the Death Valley National Park.

Rural NV Properties

Amargosa Valley NV Properties offers a diverse range of homes and properties to cater to various needs and preferences. Whether you're looking for a cozy single-family home or a spacious estate, the options available in Amargosa Valley NV Properties are sure to meet your requirements. With a buyer-friendly housing market and a favorable climate, Amargosa Valley presents an enticing opportunity for real estate investment. We will explore the different property types, delve into the housing market trends, highlight the amenities and facilities, and identify the best neighborhoods in Amargosa Valley. We will provide valuable tips for buying property in this promising region. Let's dive into the world of Amargosa Valley NV Properties and discover the exciting possibilities that await.

Available Property Types

The diverse range of available property types in Amargosa Valley, NV caters to a variety of preferences and budgets, offering options such as single-family homes, condos/townhomes, luxury apartments, and large acreage properties. These properties provide ample opportunities for individuals and families looking to invest in the Amargosa Valley NV Properties real estate market. Whether someone is looking for a cozy single-family home, a stylish condo or townhome, a luxurious apartment, or a sprawling acreage property, there is something to suit every taste and budget. The real estate listings held by the site owner are marked with detailed descriptions and specifications, making it easy for potential buyers to find the perfect housing option in Amargosa Valley, NV. With a wide range of property types available, Amargosa Valley offers something for everyone in the housing market.

Housing Market Trends

The Amargosa Valley NV properties housing market in NV exhibits noteworthy trends that reflect the current state of real estate in the area. According to data from the Greater Las Vegas Association of Realtors' Internet Data Exchange Program, the median listing home price in Amargosa Valley, NV is $48,000. Houses for sale in the area typically spend an average of 194 days on the market, indicating a slower-paced market.

Amenities and Facilities

Amargosa Valley NV properties offers a wide range of amenities and facilities to cater to the diverse needs of its residents and visitors. In terms of real estate, Amargosa Valley NV Properties provides various options for renting, including apartments, luxury apartments, and townhomes. The area boasts real estate listings with large acreage, ranging from 9.53 acres to 320 acres, offering different preferences to potential buyers. Access to social media platforms allows users to connect with listing brokers and stay updated on available properties. Home sizes in Amargosa Valley vary significantly, from a modest 728 sqft to expansive properties spanning 268.13 acres. With decreasing home prices and a slowdown in market activity, now is an opportune time to explore the amenities and facilities that Amargosa Valley NV Properties has to offer.

Tips for Buying Property in Amargosa Valley

When considering a property purchase in Amargosa Valley, there are several key tips to keep in mind. It is important to do thorough research on the real estate market in the area. This includes understanding the current trends, prices, and availability of houses in Amargosa Valley NV Properties. It is advisable to work with reputable brokerage firms that specialize in the area. These firms have extensive knowledge and experience in the local market and can provide valuable insights and guidance throughout the buying process. Potential buyers should carefully consider their budget and financing options to ensure a smooth transaction. Visiting the property in person and conducting inspections is crucial to ensure that the house in Amargosa Valley meets all requirements and is in good condition.

Frequently Asked Questions

What Is Amargosa Valley Known For? Amargosa Valley NV properties is known for its diverse range of homes and properties, favorable housing market for buyers, and inviting climate with pleasant temperatures throughout the year. It offers something for everyone, making it an attractive destination for residents and tourists. What is the source of the Amargosa River? The Amargosa River proudly claims two sources, depending on who you ask – a surface water one and a hidden, subterranean one. On the surface: The Amargosa's story begins near Beatty, Nevada, at the southern foot of Pahute Mesa. Here, at an elevation of around 3,900 feet, Thirsty Canyon Wash dumps its precious cargo into the thirsty earth, marking the official start of the river's visible journey. From there, it flows southwestward into Oasis Valley, painting streaks of life across the parched desert landscape.

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fr.wikipedia.org Amargosa River source, Pahute Mesa, Nevada Below the surface: But the Amargosa's tale goes deeper. Its true source lies in a vast underground reservoir known as the Carbonate Aquifer. This hidden treasure trove of water stretches across the Mojave Desert, fed by a complex network of springs and seeps. The Amargosa River taps into this aquifer at various points along its course, replenishing its surface flow and sustaining the fragile desert ecosystem. So, there you have it! The Amargosa River, a desert lifeline, draws its lifeblood from both the visible and the unseen, a testament to the intricate dance of water in this arid land. What is the elevation of Amargosa Valley? Amargosa Valley sits at an elevation of 2,664 feet (805 meters) above sea level. This places it in the lower to moderate range of elevations typically seen in the Mojave Desert, contributing to its characteristic landscape of flat, sandy expanses interrupted by rocky mounds and hills. What county is Amargosa Valley in? Amargosa Valley is located in Nye County, Nevada, although the Amargosa River itself straddles the border between Nevada and California. The vast majority of the valley, including the unincorporated town of Amargosa Valley, falls within Nye County's jurisdiction.

Amargosa Valley NV Properties

The area is relatively rural and is primarily used for farming and ranching.

As for land and properties, there is a variety of options available in Amargosa Valley, including residential properties, commercial properties, and large plots of land that are ideal for farming or ranching. Prices for land and properties in the area vary depending on the size and location of the property, with some properties costing as low as $50,000 and others going as high as several hundred thousand dollars. It is worth noting that this area is still relatively rural and many properties are not connected to city services such as water, sewage and electricity, so buyers should be prepared to install their own septic systems and wells if they choose to purchase a property in the area.

Nye County NV Properties

There are several reasons why someone might consider purchasing land or property in Amargosa Valley NV properties, Nevada: - Scenic beauty: The Amargosa Valley is known for its natural beauty, with the Amargosa Desert and the Amargosa River running through the area, and for its proximity to the Ash Meadows National Wildlife Refuge and the Death Valley National Park. - Outdoor activities: The area offers a wide range of outdoor activities, such as hiking, camping, fishing, and hunting, making it a great place for outdoor enthusiasts. - Privacy: The area is relatively rural, and many properties are located on large plots of land, providing a sense of privacy and seclusion. - Investment potential: The area is growing in popularity, and as more people discover the beauty and potential of the area, the value of land and properties is likely to increase. - Self-sufficiency: Many people who purchase land in the area are interested in living a more self-sufficient lifestyle, growing their own food, and raising animals. - Affordable: compared to other locations in the state or nearby cities like Las Vegas, the land and properties in Amargosa Valley are relatively affordable. - Natural Resources: The area offers natural resources such as water and minerals, which can be beneficial to those who plan to establish a business or use the land for farming or ranching. Keep in mind that this area is relatively remote and can be isolated in terms of services and access to amenities, so it's important to research the area and make sure it fits your needs before making a purchase. Amargosa Valley NV properties are active in both Clark County and Nye County, Lincoln County. The Amargosa Valley near Pahrump and Death Valley and about 2 hours from Las Vegas. Rural areas real estate services including Amargosa Valley, Beatty, Indian Springs, Las Vegas, Pahrump, Sandy Valley, Searchlight, Alamo, Moapa. Research homes, lots and land for sale in Amargosa Valley, NV including acres of undeveloped land, small residential lots, farm land, commercial lots, and large rural located in 89020 zip code. Amargosa Valley NV Properties Amargosa Valley NV properties offers a diverse range of homes and properties that cater to various needs and preferences. The buyer-friendly housing market in Amargosa Valley presents a promising opportunity for real estate investment. The region's pleasant year-round climate further adds to its appeal for residents and tourists. With a variety of property types available and a range of amenities and facilities, individuals with different requirements can find a suitable option in Amargosa Valley. Top Realtor! When buying Las Vegas homes for sale. Amargosa Valley NV Properties Read the full article

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kj-nanray · 2 years

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🏠 Condo for sale!😍😍

🔑 Address: 5855 Valley Dr Unit# 2129, North Las Vegas, NV 89031

🔑 Location: Northwest Las Vegas

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Please DM me if you want to schedule a private showing.

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Realty One Group

Lic# S.0189616.

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enviropiner · 2 years

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The facility will offer exercise rooms and a multi-purpose recreation, lounge/media area and a full kitchen. Xit Las Vegas real estate 2,400 square foot workout facility and clubhouse construction has been completed. Rhodes Homes in Las Vegas has each residence meet or exceeds Energy Star ratings with low-e windows, blown-in cellulose insulation, 40-gallon gas water heater and programmable thermostats. Spring Valley offers a sense of calm and beauty in the southwest corner of Las Vegas. Shaker-style cabinetry, kitchen pantry, granite countertops, Moen faucets, surround-sound home prewiring in the great room and raised-panel interior doors with chrome handles and are standard amenities. 1 & 2-BEDROOM APARTMENT HOMES WITH A VIEW. The 1,759-square-foot home floor plan offers two bedrooms, 3 1/2 baths and bonus and great rooms. List Price Gallery List Map Alerts Refine Days on Site (Newest) 5 Properties 450,000 16 Address Withheld Las Vegas, NV 89147 Travina 2-Phase 2 4 Beds 2 F 1 3/4 1 1/2 Baths 1,602 Sq.Ft. The 1,690-square-foot Xit condo floor plan offers two master bedrooms, 2 1/2 baths, a den and a great room. Condominiums For Sale X-IT Condos Las Vegas X-IT Condominium Statistics Aug5 Listed 35 Avg. The Xit floor plan also provides for an optional second bedroom. The townhomes for sale in Las Vegas in the 1,663 square foot plan includes one bedroom, 2 1/2 baths, great and hobby rooms and a loft. This unique condo development has innovative interior design and cutting edge architecture that is very unique to the valley. The Xit home floor plans and renderings have captured the attention of many potential home buyers. Xit condos for sale in Las Vegas pricing begins at $294,325. Each home in Xit comes standard with a second-floor terrace and an attached, two-car garage. The three-story Las Vegas condo homes for sale at X-it range from 1,663 to 1,759 square feet. X it condos in Las Vegas by Rhodes Homes offer a 178 unit condominium in a gated real estate development in the Las Vegas valley’s southwest region.

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tamratrainer · 3 years

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dewrealestatelv1-blog · 5 years

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Dew Real Estate Agent in Las Vegas NV | Luxury Real Estate For Sale in Las Vegas

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With two months to go, you’re starting to see progress and even getting a little excited about what’s ahead. Agent Commercial Multifamily Las Vegas Staying focused is important now as you work with your family to begin the process of cleaning and downsizing your household belongings. Summerlin Real Estate

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Explore the new area with your family and try a new restaurant and plan to shop at your grocery store. Realtor Anthem Country Club Preparing the family’s first home-cooked meal can be a real celebration. Anthem Country Club Real Estate Agent

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lasvegasluxuryhomescondos-blog · 6 years

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group222-blog1 · 3 years

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lvrealestateorg-blog · 5 years

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yelenahorton · 6 months

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youtube

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jameschance1 · 3 years

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Benefits of Buying Anthem Las Vegas Homes For Sale

Anthem is a great place to live. If you are thinking of getting Anthem Las Vegas homes for sale or want something new and exciting in your life, Anthem may be the perfect location for retirement living near Las Vegas. The area has excellent weather with cool summers and mild winters, so there's no need to worry about snow-covered roads or icy sidewalks at any time during the year.

If you have decided to get Anthem Las Vegas homes for sale, you should be aware of the benefits. Some benefits include stable property values, low crime rates, affordable housing options including single-family homes, and condos located within gated communities with spacious floor plans designed for seniors. There are plenty of amenities like golf courses, swimming pools, tennis courts, and easy access via major highways, which means it will take just minutes.

Famous tourist spot:

Vegas is one of the most popular tourist destinations in the world. People come from all over to enjoy classic Vegas attractions like gambling, shows, and more. This also means that buying real estate here can be a lucrative investment with great appeal for those looking to retire or start their family somewhere other than home. For a bonus, if you are planning on retiring early because your health has taken a toll, then Anthem Las Vista homes offer peace of mind when it comes to how expensive healthcare will likely be as well as housing prices being so high elsewhere. And, the good news is the top Las Vegas Summerlin homes are for sale by owner.

1. The Anthem is a new master-planned community located in Henderson, NV.

2. It offers a variety of amenities such as parks, schools, and golf courses

3. many homes are available for sale at the moment, including single-family homes and townhomes.

4. Prices range from $200k to over $700k, with the average price being around $400k.

5. With so much to offer, it's no wonder why this is one of the most popular communities in Las Vegas.

Many homeowners in Anthem consider the value of a home with plenty of room to grow and have more than enough space for their families. This is why many homes have undergone renovations, updated floor plans, new appliances, or even additions that make them perfect as starter homes yet also provide ample expansion opportunities when needed without losing square footage on original structures.

Home prices are affordable in Anthem:

Home prices in Anthem are great for your wallet, and the community is perfect to call home. Homes here cost less than they do elsewhere, so you'll be able to afford a place of your own without breaking the bank - or even spending that much more per month. The people who make up this country-living paradise also help it feel like one big family with everyone looking out for each other from day one.

Conclusion:

The Anthem community is a planned and master-planned suburb of Las Vegas. Homebuyers will enjoy the benefits of living in this vibrant, progressive area with its diverse range of amenities and recreational opportunities for all ages, making it an attractive choice for families looking to live in Southern Nevada's fastest-growing city.

Source- https://jeffrey-lynn.mn.co/posts/benefits-of-buying-anthem-las-vegas-homes-for-sale

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lasvegasluxuryhomescondos-blog · 6 years

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handymanservicesvegas · 4 years

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Best Property Preservation Service and Cost in Las Vegas NV |Vegas Handyman Services

More information is at: http://lasvegashandyman.org/property-preservation-services-near-me/

Property Preservation Service near Las Vegas NV: Are you looking for the Best Property Preservation Service near Las Vegas NV ? Vegas Handyman Services, We work with our vendors to secure the property, remove any debris, conduct regular lawn maintenance and winterize when necessary. We share a common goal of getting a property into conveyance condition. Cost? Free estimates! Send us a message or call us today. Best Property Preservation Service around Las Vegas NV. We serve Las Vegas NV and other areas. Get a Free Quote Now!

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Property Preservation Services Property Preservation Service near Las Vegas NV: Vegas Handyman Services works with servicers throughout the United States and its territories to ensure the properties they are responsible for are preserved and maintained in a manner that complies with the regulatory guidelines for the loan type as well as any code compliance legislation for the area. We work with our vendors to secure the property, remove any debris, conduct regular lawn maintenance and winterize when necessary. We share a common goal of getting a property into conveyance condition.

Lawn Maintenance Vegas Handyman Services will perform the necessary lawn maintenance to maintain the property’s appearance, prevent further degradation to the grounds and relieve the property of any existing or potential violation of local ordinance. Lawn maintenance includes mowing the lawn, weeding, edge trimming, sweeping of all paved areas (sidewalks, driveways, patios, etc.) and removal of all lawn clippings, related cuttings and incidental debris. The disposal of all clippings and incidental debris is removed in compliance with jurisdictional requirements. Vegas Handyman Services also provides an automatic grass cut program, where we will maintain the grounds at the property according to the applicable investor guidelines for each loan type. We will continue maintaining the grounds at the property until instructed to remove the property from the program or when maintenance is no longer needed, as specified by the investor specifications for each loan type and/or client requirements.

Initial Secure Property Preservation Service near Las Vegas NV: This property preservation service authorizes Vegas Handyman Services to perform required services based on the applicable investor guidelines and/or client requirements. For loan types with no applicable regulatory guidelines, the HUD guidelines will be followed. Services typically include changing an entry lock, locking all windows and doors, winterizing to the applicable specifications and maintaining the exterior grounds, when in season. Winterization This property preservation service authorizes Vegas Handyman Services to winterize the plumbing at each property to prevent freeze damage, according to the investor requirements for each loan type.

Lock Change Vegas Handyman Services will change the lock(s) at each property to the key code according to the regulatory requirements and/or client requirements. For loan types with no applicable regulatory guidelines, the HUD guidelines will be followed. No additional property preservation will be completed in conjunction with this work order type, unless otherwise specifically requested. Conveyance Condition Management Vegas Handyman Services will ensure that all work required by the regulatory guidelines for each loan type is complete and that the property is in conveyance condition. If any work is needed to bring the property into conveyance condition and can be completed per the published investor guidelines, the services will be completed in conjunction with this work order. If the work cannot be completed per the published investor guidelines, an estimate will be provided to bring the property into conveyance condition. Debris Removal This property preservation service authorizes Vegas Handyman Services to remove interior, exterior and/or hazardous debris at each property based on client requirements and/or the investor specifications for each loan type. Pool Securing Property Preservation Service near Las Vegas NV: Vegas Handyman Services will secure each pool or hot tub based on the regulatory requirements for the applicable loan type. This could include covering, decking, screening, pumping water out of the pool, chemical treatment and/or padlocking the pool gate, if required. 24/7 Call Center Vegas Handyman Services offers a 24 hour a day, 7 day a week call center that can handle emergency and non-emergency calls from occupants, neighbors, code officials and other interested parties for both pre-sale and REO properties. Vegas Handyman Services will work with each client to determine which services should be considered emergencies and handled immediately. Additional Property Preservation Types Additional Property Preservation Types Include: ● Allow Access ● Re-Secure We provide an extensive range of field services, customized for each client’s needs. We pride ourselves on timeliness and efficiency in the preservation process, which means faster turn times and reduced pre-marketing times for our clients. We get the job done the right way, on time, every time. Property Preservation Services ● Initial sale cleaning ● Initial grass cutting, re-cut every 2 weeks ● Evictions: All lock changes, window boarding ● 24-hour securing, locks ● Trash removal ● Hazard removal ● Roofing tarps and repairs ● Drywall repairs ● Appliance installation ● Winterizations ● Snow plowing

Property Preservation & Maintenance Property Preservation Service near Las Vegas NV: Vegas Handyman Services works with vendors throughout the United States and its territories at a local level to help ensure the properties we manage are preserved and maintained in a manner that complies not only with investor and regulatory guidelines but also with homeowner association (HOA), condo owner association (COA) and municipal codes and requirements. Our property preservation outsourcing services secure the property, remove any debris, and conduct regular as well as seasonally required maintenance. As with all our mortgage field services offerings, we maintain the highest levels of professionalism to help ensure compliance and minimize reputational risk. ● Re-keying and securitization ● Boarding to prevent vandalism or other risks to the property ● Complete or partial board-ups as requested by client or as required by local authorities ● Eviction lockouts ● Personal property and debris removal with complete documentation and photographs ● Preparation for sale or conveyance ● Initial janitorial and landscape services including clean-up, mow and trim ● Winterization/de-winterization and snow removal as required, ● Initial pool servicing or securing, ● Safety repairs, and ongoing, client specific maintenance ● Vacant property registration ● Relocation assistance program for previous owner

COST How Much Does Professional Property service Cost? Property Preservation Service near Las Vegas NV: There are various fees associated with managing properties, and today we’re talking about those property management fees and the cost of hiring a professional property manager. Management Fee The management fee is something that’s charged every month. Some managers will charge you a flat fee per unit and others will charge a percentage of the rent that’s collected. Sometimes, there will be a lower cost when you have more properties. There are different standards in fees among most management companies. Maintenance Cost Other charges that you’ll come across in rental property management costs include maintenance fees. You need to compare apples to apples with maintenance costs, because sometimes you’ll pay an hourly maintenance rate, and sometimes you’ll have to pay trip charges. Some managers charge mark-ups on materials and others have minimum costs for their time. When you’re budgeting for maintenance, keep these variables in mind because each company is different in the way they bill for maintenance. A company that charges $50 per hour but bills in 15-minute increments will be better for you than a company that charges $40 per hour and has a minimum one-hour charge for everything they do. Lease Renewal and Leasing Fees Some management companies will charge lease renewal fees. When the lease term is up, there’s a processing fee that’s charged. The managers who charge this will say it’s because they’ve done a good job keeping the tenant in place, so the fee is warranted. The leasing fee is also a cost that equals half a month’s rent or a full month’s rent. It covers the costs of marketing a vacant unit and getting a good tenant in place. All these charges will vary from company to company. It’s unlikely to find two companies that have the same pricing. Look at the structure and ask enough questions so you understand the fees you’re paying. These will be your ultimate long term costs, and you want to be prepared. Hiring a property manager is hiring a service. You’re hiring someone to give you your time back. Self-management costs you a lot in time, and you have to do a cost analysis to see whether it’s more valuable to have those extra hours back every month or $150 in your pocket.

TIPS Examine the property management agreement Property Preservation Service near Las Vegas NV: The property management agreement outlines the business relationship between you and the property manager, and delineates the management team’s tasks and responsibilities. Given the seriousness of the contract, it’s incumbent upon you to read it carefully and make any necessary amendments before signing off. Confirm that it covers everything you want, and that there are no disagreeable clauses. Typically, the property management agreement covers: ● Services provided and fees: Typical services include resolving tenant needs and requests, maintenance of the home, marketing and filling vacancies, collecting rent, handling move-outs and evictions, and all other daily operational duties. To avoid any billing surprises down the road, all fees as well as the process for approving any additional expenses should be transparently outlined in the agreement. Make sure the contract stipulates how repairs are handled and expensed, including a set expense limit that you feel comfortable with. ● Owner responsibilities: In addition to laying out the manager’s responsibilities, the agreement may cover your responsibilities as well. Keep in mind: If there are any tasks you don’t want to perform, discuss these and assign them to your property manager ● Contract duration and termination clauses: The agreement’s tenure should have a specific start and end date. Often, they’re signed on a one-year basis. It’s also important for the agreement to cover breach of contract rules as well as termination fees and timelines.

FREQUENTLY ASKED QUESTIONS What is Property Preservation? Property Preservation covers different jobs related to maintaining foreclosed houses. Banks who own these properties will hire Property Preservation companies to go out and complete work orders. For examples of these types of jobs check out our Services page.

How Can I Start a Property Preservation Company? Before you start your own Property Preservation company, you need to figure out how much of a work load you can take on. If you plan on having a large team of employees (20+) then you may be able to get work orders directly from banks and other REO companies. Typically what people do is apply for independent contractor work with already established Property Preservation companies like Swift Resolutions. These companies already have relationships with banks, and tend to get chosen more often for work orders. If you are new in Property Preservation, it might be a good idea to start out doing contract work for an already established company, and then grow your business from there. Feel free to apply for work with Swift Resolutions, or call/email us to learn more.

What Do I Need To Get Started? For almost every company who hires independent contractors, the main thing you will need is $1,000,000 in liability insurance. This is easy to obtain and not nearly as expensive as it sounds; depending on how much work you do it can cost between $50 - $1,000 per year. After you have your liability insurance, you will need equipment in order to complete jobs. Common work orders include lawn mowing, tree trimming, debris (or junk) removal from inside the house, cleaning out cupboards and appliances, and cleaning bathrooms. This means you might need a lawnmower, trimmers, garbage bags, cleaning sprays, or a truck to remove waste.

How Much Money Can I Make Doing Property Preservation? Like most entrepreneurial endeavors, the amount of money you make depends on the quantity and quality of your work! If you want to do Property Preservation as a full-time job, you will probably need to have multiple companies that you do independent contract work for. Many people also do Property Preservation for secondary income, or a "side hustle." You can make anywhere between $500/week up to $2,000/week depending on how many jobs you get.

CALL FOR US: ● Property Preservation Near Las Vegas NV ● Property Preservation Price List ● Property Preservation Business Plan ● Property Preservation Meaning ● Property Preservation Contracts ● Property Preservation Certification Course ● Property Preservation Services ● Property Preservation Contractor Las Vegas NV ● Property Preservation Company ● Property Preservation Companies ● Reo Price List ● Assurant Property Preservation Vendor Application ● Property Preservation Contractor ● M&M Property Preservation ● Vegas Handyman Services Property Preservation ● Wolverine Property Preservation Las Vegas NV

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lasvegashauling · 4 years

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Best Post-Garage Sale Pickup Service in Las Vegas NV | Las Vegas Hauling Junk & Moving

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nightmare-afton-cosplay · 4 years

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Comeback Kids: These Housing Markets Have Recovered the Most Since the Start of the Pandemic

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There’s no point in sugarcoating it: The U.S. economy is a hot mess. The continuing coronavirus pandemic has led to scores of business closures, the worst unemployment since the Great Depression, and the steepest economic contraction on record.

Yet, despite it all, the U.S. housing market has come back—and then some. After monthslong pauses in many parts of the country, bidding wars and offers over asking price have returned. Cooped-up buyers seeking larger homes and wanting to cash in on record-low mortgage interest rates are battling it out over a very limited supply of properties for sale. Median list prices are up more than 9% over last year, a result of the lack of homes on the market, according to weekly realtor.com® data. (The median home price nationally rose to an all-time high of $349,000 in July.)

“Housing tends to be immune from economic downturns and slowdowns,” says realtor.com Director of Economic Research Javier Vivas. That’s excluding the past recession, which was caused by a housing bubble. “Right now we’re seeing markets recover faster where they’re able to contain the virus better. Markets with strong technology sectors have been more resilient.”

So where are these comeback kids—the housing markets rebounding the most since the start of the COVID-19 crisis?

Realtor.com found that more than half of the largest metropolitan areas have recovered from their pandemic lows. (Metros include the main city and the surrounding suburbs, exurbs, and smaller cities.) But the housing markets in less expensive, smaller cities as well as the suburbs and farther out towns where buyers can get more square footage for their money, the easier to social distance in, are more in demand than high-rise condos and apartments in the nation’s largest, most expensive city centers.

“People are looking for larger homes and also looking for value,” says Vivas.

To figure out which metros have boomeranged the best, realtor.com’s economics team looked at median home asking price growth, the percentage of new listings coming online, the number of days on market that it took homes to sell, and online home search growth. The team looked for year-over-year growth in each of the metrics. Then it created an index by comparing those stats in January—a relatively normal pre-COVID-19 month for the housing market—to the week ending July 18.

A score of 100% means the market is performing the same as it was in January. Anything higher shows how much better it’s doing. (The list was narrowed to just two metropolitan areas per state to ensure geographic diversity.)

These are the markets that have recovered the most since the beginning of the COVID-19 crisis:

Boston, MA, 122.52%

Seattle, WA, 113.73%

New York, NY, 112.74%

Philadelphia, PA, 112.35%

Denver, CO, 111.66%

San Francisco, CA, 109.27%

Los Angeles, CA, 108.78%

Las Vegas, NV, 107.710%

Rochester, NY, 106.61%

Memphis, TN, 105.9%

Northeastern markets with low caseloads have recovered strongly

Boston, a finance, tech, and higher education hub, earned the No. 1 spot on our recovery list, with a median home price* of $675,050. But the metro, like many others across the country, has seen a huge shift in what buyers want.

The new townhomes and condos within walking distance to the city center—which have been selling like shares from hot IPOs for the past few years—are now sitting on the market. However, the McMansions and actual mansions that were popular in the ’90s are suddenly all the rage again, including this $1.5 million five-bedroom house on a half-acre in the suburb of Needham, MA.

“Sellers would have had to discount [these places] to sell” before the pandemic, says local real estate agent Gary Kaufman of Keller Williams Realty. “Now these properties are selling at full price.”

A similar scenario is playing out in other big, Northeastern cities. The New York City metro, which comes in third place, has also seen a demand shift. (The median price was $593,000 for the entire metro area, which includes swaths of upstate New York and parts of Connecticut, New Jersey, and Pennsylvania.)

Co-op and condo prices in tightly packed Manhattan have remained relatively flat. It’s the suburban and exurban markets, though, stretching from nearby Westchester, Fairfield, and Nassau Counties to mountainous Ulster County, that are exploding with high-wage earners who are either leaving the city completely or buying second homes with room to spread out.

In the Catskills, the same Woodstock, NY, four-bedroom home with a pool that sold for $869,000 in 2001 was renovated and is now listed for $1,600,000.

“Almost overnight the tether between work and home just got infinitely longer,” says New York City–based real estate appraiser Jonathan Miller. “The suburbs of these metro areas, second markets, and the exurbs are all having their day right now. I think it continues in some form after there’s a vaccine because the technology is there [to enable folks to continue telecommuting].”

Buyers in pricey, Western tech hubs are also heading to the burbs

Seattle’s suburbs have become more popular as a result of the coronavirus pandemic.

Art Wager/Getty Images

Residential real estate markets in pricey, tech hubs on the West Coast are rebounding almost as well, if not better, than their Northeast counterparts.

In the tech meccas of Seattle, the nation’s second best bounce-back market, with a median list price of $629,900; Denver, No. 5, at $544,300; San Francisco, No. 6, at $1,054,210; and Los Angeles, No. 7, at $994,150, buyers also traded the crowded city for the surrounding towns and smaller cities. Ultralow inventory, down by double digits, year over year in each of these metros, has also played a big part in rising prices.

“Right now, everything that residents love most about San Francisco and other cities—clubs, cultural venues, and events, street fairs, restaurants, the ‘rush’ of social life in the city, being able to walk to work—has pretty much disappeared,” says Patrick Carlisle, chief market analyst at Compass. “What remains is the sense of feeling locked in, being more exposed to the virus, and trying to avoid people whenever they venture outside.

“San Francisco is the weakest market in the Bay Area.”

Sales in the four outer counties with the lowest population densities (Monterey, Santa Cruz, Napa, and Sonoma) are up six to 10 times more than San Francisco. In Napa Valley’s Saint Helena, this four-bedroom home listed at $2,995,000 is asking more than double its 2019 sale price.

Cheaper areas are popular with local and out-of-state buyers

The Las Vegas housing market has rebounded well from this recession unlike the last time around.

trekandshoot/Getty Images

More affordable, smaller metro areas are becoming increasingly popular with buyers, many of whom hail from other states and can work remotely from anywhere. That’s helped Las Vegas, No. 8, with a median list price of $340,050; Rochester, NY, No. 9, at $249,950; and Memphis, TN, No. 10, at $260,050, make our list. These metros had some of the least expensive home prices on our list, along with growing economies.

“You’ve got people priced out of California, Colorado, Washington state, and even Arizona now,” says realtor.com’s Vivas. “They’re looking for cheaper mortgages and a larger space for less money.”

This helps explain why Vegas, which was one of the poster children of everything that went wrong in the past recession, has rebounded so quickly. The big difference this time is inventory is low, down 14.4% in July compared with the previous year. Meanwhile, demand is high. The reverse was true during the past housing bust.

Memphis is also getting a rush of buyers trying to edge one another out for the limited number of homes on the market. In roomy suburbs such as Germantown, TN, sellers are asking top dollar for places like this three-bedroom home for $419,000 and this four-bedroom home for $595,000 that flew off the market in just four days.

“After being at home with their families, a lot of buyers have figured out they really want to be more active—and outside,” says Memphis-area real estate agent Kelly Orb of Marx Bensdorf Realtors.

* Median home list prices are as of July 1, according to realtor.com data.

The post Comeback Kids: These Housing Markets Have Recovered the Most Since the Start of the Pandemic appeared first on Real Estate News & Insights | realtor.com®.

from https://www.realtor.com/news/trends/these-markets-have-recovered-the-most/

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