Las Vegas Real Estate Market - 2006 Reflections

Las Vegas Real Estate Market - 2006 Reflections by Joel Teo

As another year comes to a close it's a great time to ponder what 2007 will bring to the Las Vegas real estate market. Perhaps 2006 reflections will give us a clue of what we have to look forward to.

There's more to Las Vegas than neon lights, casinos, and late night entertainment. It's also a wonderful place to put your roots down. Here is a state with no state taxes, low unemployment, lots of recreation and parks, and terrific neighborhoods to raise your children in. And it's apparent that this little secret is out says the Las Vegas real estate market of 2006 statistics.

If you prefer the look and feel of a country club atmosphere just head to North Las Vegas and check out the North Las Vegas real estate market where you will find planned communities designed for active adults that want to make Vegas their home or perhaps even retire here - after all the weather's perfect. The Las Vegas real estate market reflected just that last year.

Based on the most recent Las Vegas real estate market information collected from the MLS records it appears that the house prices in the Las Vegas real estate market are still very close to what they were in the latter part of 2005.

During 2006 the Las Vegas real estate market saw the average single family dwelling was selling around the $340,000 for a one bedroom home, $370,000 for a three bedroom home, and $520,000 for a four bedroom home.

The Las Vegas real estate market also saw town homes and condos come in around the $250,000 figure. And although no numbers are presented for commercial development there was at least a 20% increase on average over what the Las Vegas real estate market saw in 2005.

It's interesting to note that although the selling price for 2006 was up the Las Vegas real estate market saw a decrease in the actual number of homes that sold although for those houses that did sell more than 65% sold in less than 60 days.

You might be surprised to discover that the average family income for 2005 was just over $50,000 and the medium household income average was around $45,000. These numbers would indicate that the average purchasers where not wealthy but in fact living on a modest income.

The Las Vegas real estate market caters to three different markets two of which fit the average earnings criteria - those that have retired living on a fixed income and your average younger family.

Then there is one third of the market that fits the criteria of wealthy. This group finds their home in Vegas for a variety of reasons - entertainment, business and investment opportunities, climate, and location. Whatever the reason that brings this group to the area to explore the Las Vegas real estate market they know exactly what they want.

The Las Vegas real estate market is a lucrative market that can provide a home now and an investment for the future.

Copyright © 2007 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)

About the Author
Joel Teo writes on various financial topics including Investment Properties in Las Vegas. Learn more about Investment Properties in Las Vegas in our Real Estate

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The Las Vegas Real Estate Market - 3 Trends For 2007

Las Vegas Real Estate - 3 Trends For 2007 by Joel Teo

There is no question that the Las Vegas real estate market has recently exploded. And it is expected to continue on this upward trend for quite some time. Here are 3 trends for 2007 Las Vegas Real Estate. If you've been considering entering this market it's definitely time to take action before it is just too expensive to get into.

Las Vegas Real Estate Growth Trend The primary trend for Las Vegas real estate in the past three years has been one of continuous growth and because it is such a strong trend both buyers and developers are having a very difficult time keeping up with the rapidly increasing prices.

As fast as these homes hit the Las Vegas real estate market it seems that they are sold and there's no one type of house that's breaking all the barriers. Both condos and single family homes are equally in demand.

From a seller's point of view this fantastic Las Vegas real estate market isn't passing anyone by. It's anticipated demand is going to continue to exceed supply in 2007 and that means construction is going to be on the rise with new development playing a significant role in the market.

It's difficult to predict just where the average home will land up in price as a lot depends on development and how many homes actually land up on the Las Vegas real estate market making it very difficult to try to predict what the market place value will be overall. Once again the Las Vegas real estate market is going to be a very hot commodity.

Las Vegas Real Estate Buyers Are Becoming Wealthier Today a more affluent buyer is flocking to Vegas and entering the Las Vegas real estate market. The weather is very attractive and there is plenty of entertainment two reasons why Vegas is attracting these buyers with plenty of time on their hands looking for a host of entertainment opportunities to be at their disposal. Their high disposable income has them buying expensive luxurious homes.

Las Vegas Real Estate Buyers Will Be Younger 2007 is predicted to see even younger faces enter the market. The Generation X is becoming a market contender rather quickly recognizing the opportunity there investment grow and an unprecedented pace. And with the average house price ranging in the Las Vegas real estate market coming in around the $350,000 mark that is definitely not going to break the bank. These young buyers are extremely knowledgeable about the market they are buying in. And they are also an extremely demanding bunch because they aren't just looking for a home they are looking at an investment.

The Las Vegas real estate trends for 2007 see this market staying very hot and very lucrative for although the increased demand has caused an increase in prices compared to other parts of the country Las Vegas is still offering some very affordable housing prices and the Las Vegas Real Estate market continues to be one of the most active markets in America.

Copyright © 2007 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)
About the Author

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A Mover's Guide to Las Vegas Real Estate

A Mover's Guide to Las Vegas Real Estate by Chris Robertson

Las Vegas, Nevada is a growing area, not just for vacationers, but also for individuals and families that are moving there as well. A common misconception is that Las Vegas features only fancy hotels with grand casinos or resort areas for family travelers; however, many people move to Las Vegas to enjoy other benefits. Las Vegas offers educational opportunities, tax breaks, employment opportunities, and much more. So, finding Las Vegas Nevada real estate is getting easier as the city continues to grow.

Moving to Las Vegas from another state can seem overwhelming. Not only do you need to find Las Vegas real estate, but you also must become familiar with Nevada state regulations for moving to that area. You can do all the research yourself or hire a dependable Las Vegas real estate agent to assist you in your search. Whether searching for Las Vegas condos for sale or Las Vegas homes for sale, choosing the right Las Vegas real estate agent will save you from many headaches.

How to Choose a Las Vegas Real Estate Agent

Be sure the agent you choose is willing to go the extra mile for you. If you live far away from Las Vegas, you'll want an agent who can do the legwork for you in finding a new home. The last thing you need is to travel back and forth only to see new homes that do not match your criteria. The real estate agent might also be willing to help you find Henderson real estate if you want to live on the outskirts of Las Vegas.

Choose a Las Vegas real estate agent who will carefully research each new home to be sure it fits perfectly with what you want. Be sure they offer online services as well so you can view the possible homes online before taking a trip. This will save you much time and money.

Building a New Home in Las Vegas

Perhaps you'd rather build a new home in Las Vegas. If so, choose a real estate agent who can help you find affordable Las Vegas land in a good location. The agent might also be able to help you find a dependable builder in the area.

Other Helpful Services

Other services your agent might provide that can benefit you when buying Las Vegas real estate include providing connections with an affordable mortgage lender, experience in foreclosures, repossessions and estate homes, and experience in corporate relocation.

Where to Look

To find a dependable Las Vegas real estate agent, start by searching online. The Web is a great resource where you can learn all about an agent before you ever meet them! This too will save time and money.

Whether you're planning on moving into a new home, a Las Vegas condo, or building a Las Vegas home, you'll find that hiring a dependable Las Vegas real estate agent to be a great time-saver!

About the Author
Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies. For tips/information, click here: http://www.viewlasvegasrealestate.com/

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Has The Real Estate Bubble Popped?

Has The Real Estate Bubble Popped?

According to a story from Public Radio International's radio show Marketplace, the average price of a new home was down 9.7% last month from the same time last year, and that's the "biggest plunge in 36 years." At the same time, new home sales are up slightly because sellers are lowering prices significantly. But the big question is, when will the real estate bubble pop? Or has it popped already?

The truth is that the swift rate of price appreciation and construction in past years created a bubble in the real estate market that has in fact recently popped. According to economic expert Christopher Thornberg, "The bubble's popped, and it's gonna take time to work its way out of the system. There is no soft landing here, we haven't found the bottom." Especially along the East and West coasts, the housing market swelled enormously since 2000, with prices and sales up over 30%.

Many have reported a slowing of home sales, even in real estate hot spots like Southern California and the Bay Area. Signs declaring, "reduced price" in front of homes along oceanfront property in Venice and Hermosa Beach, CA, confirm that the real estate bubble has popped. The major issue for current homeowners is that as prices drop, so do home values. And as a result of skyrocketing prices, many were forced to settle for adjustable-rate-mortgages (ARMs), allowing them to purchase houses in desirable areas that they could just barely afford. Over one third of home loans in the last five years were adjustable.

It was reported on National Public Radio's Morning Edition on October 27, 2006 that ARM rates have now begun to rise, leaving millions of homeowners with higher mortgage payments. Experts expect that in the next several years ARM rates will continue to increase, a change could have disastrous results for the housing business. The combination of rising interest rates and a popped real estate bubble means that homeowners will often be unable to sell their properties for what they bought them for.

Some analysts even believe that a collapse in housing could bring down the U.S. economy and create another recession. A burst real estate bubble could have dire consequences for the national economy. 750,000 real estate foreclosures are expected over the next five years. Homeowners are being forced to look at their options. The main recommendation of real estate agents and lenders is to find a way to get out of your adjustable-rate-mortgage or equity line of credit and find a more stable loan. Even if this means paying certain one-time fees, the savings will be considerable in the long run and could help thousands keep their homes. Lenders all over the U.S. are reporting that customers are coming into their offices to do whatever they can to get a fixed-rate mortgage.

Refinancing is the Best Option

If you're a homeowner, you should think about the best way to safeguard yourself against rising interest rates. Mortgage refinancing is the choice that many are making in order to preserve their financial stability. I personally looked into refinancing with many companies and found that It pays to do your homework! Check out this site for all your Home Loan Refinancing needs. and I've been pleased with their interest rates and customer service. My wife is Spanish-speaking, and they were able to accommodate her language needs. There are other companies out there, such as the Loan Store and Countrywide, etc, but when explored their offers I wasn't impressed. If you're looking for a company that won't treat you as another number in line, you should definitely consider Life Planning Network. They were friendly, and put me at ease.

Refinancing will allow me to switch from an ARM to a fixed-rate one, with fairly little hassle. I know that whatever fees I will have to pay now will pay off in the long term, since interest rates are likely to keep rising indefinitely. I am tired of having to worry about my family's stability, and whether or not we can keep our home. I want to know that my children won't suddenly have to move just because I didn't watch the real estate bubble and find out whether it was going to pop soon. After finishing the refinance process, I'll feel secure knowing that no matter what happens with interest rates, I will pay a stable mortgage payment every month and be in control of my own finances.

Once again, due to the instability of the market, you should refinance your ARM or balloon mortgage to make it a fixed-rate payment as soon as possible. As for the economy, is it in for a crash? I don't want to cause you to panic, so I'm not going to say either way. But if you want to protect yourself against the popped real estate bubble, it's best to refinance so that you can keep your home in the long term.

To stay current on trends in the real estate market, I'd recommend going to http://www.bubble-real-estate.blogspot.com. Also, be sure to check out Home Equity Loan Refinancing for the latest refinance rates and more tips on refinancing. Ask any real estate expert, and they'll tell you that now is the best time to take advantage of refinancing. In five years, you'll thank yourself.

Chris Ciabarra has a Master’s in Business from Alvernia College.He has worked in various financial and utility companies, and now is a business consultant in Los Angeles. www.bubble-real-estate.blogspot.com.

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Perfect Timing -- The Key To Real Estate Success

Perfect Timing -- The Key To Real Estate Success by Luke Cameron

The real estate industry is similar to other forms of investment like stocks, bonds and mutual funds. However, they have certain aspects that greatly differ like night and day.

First, most investments can readily be bought or sold at the current market price. With real estate, buying and selling properties may take a longer period of time. In all investments, you should wait for a perfect time to buy and sell. You have to wait for a high point whenever you sell, and you have to chance upon a low point to be able to buy a stock or a property at a much lower price. Again, the difference is in the time span. In the stock market, the stocks can change hands easily, within a day or two, or probably even a month. Real property takes a much longer time before it could change hands. It may take a lot of months before an investor can be satisfied with his profits.

Another difference between real estate and other forms of investment is that real property is always unique while stocks remain the same across different companies.

In real estate, timing is very important. It does not matter whether you are buying or selling. You have to be able to catch a perfect opportunity to close all your deals.

There are a lot of ways to improve your timing. One method is to acquire property at very low prices. You can find these bargains through foreclosures or properties that are in dire need of a considerable amount of repair.

You can also find good deals by reading local newspapers and real estate websites. Take a closer look at Notice of Default listings and schedules of auctions. If you are patient enough in scouring the papers and the web for bargain prices, you may even come across foreclosures that costs from 25% to 35% lower than the current market value.

Another great real property investment strategy is to find sellers who are leaving the area. However, there is a slight chance of a turnaround. This happened in several neighborhoods in Manhattan, such as the Lower East Side. Before, it was a depressed area, and now, the properties within the vicinity sell at a premium price. You should always research on the area for possible industry boom or market shifts. Always think long term.

If you are able to do a small amount of repairs, you might like to buy a property for a lower price and just invest some time, money and energy into repairing some damages and restore the property into good condition. With a little makeover, you can increase the value of the property by 10%.

These strategies will be easily executed if you have a working capital. It doesn't mean that you need to have a huge amount of money on hand or in the bank. You must be able to have access to money, either by keeping your credit rating at a more than satisfactory level and by having a lender who would be able to work with you and assist you in financing your projects.

The real estate industry is not an easy game to play. You will need to invest money, time, knowledge and patience. You will need to know theories and strategies and apply them when the time is right. You just don't buy a property when its price is low without checking the market first and you certainly don't sell a property when you absolutely have not looked at the other options available for you. All things are to be undertaken in perfect time. That includes real estate investing.

About the Author
Luke Cameron is owner of Real Estate Cubby. - an online magazine offering news, tips and articles on real estate related topics. His website can be found at: http://www.realestatecubby.com and http://www.homesviews.com

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What You Need To Know About Buying Unfinished Homes

What You Need To Know About Buying Unfinished Homes

If you want to look like an expert in Buying Unfinished Homes and yet don't want to read all those tomes, just go on with this article and in two minutes flat you would feel like an expert.
Your search for information on Buying Unfinished Homes ends here. You just have to read this article to come up with all the relevant information that you have ever wanted on Buying Unfinished Homes.

If you don't have something which is unique, it is very much difficult to remain in the fray for long but there is one more thing that could be done- presentation and that is what we have tried to do with this article about Buying Unfinished Homes.

Unfinished homes present a great way to save a lot of money and get yourself a new home in the process. If you buy an unfinished home, you can keep your monthly mortgage payment low and also lower your initial investment. You may also be able to buy a larger foundation size as well, which you can easily add on to and save money in the process.

Reading this article on Buying Unfinished Homes must have helped you to confirm your belief whether you know everything that needs to be known about Buying Unfinished Homes. And we can guess what your answer might be.

Normally, unfinished starter homes leave the upstairs area unfinished. The question here, is just how much equity you want to put into an unfinished area. Sometimes though, an unfinished home may leave the roofing, framing, plumbing, or electrical aspects unfinished. Before you make a purchase, you should always decide how much money you have to finish what needs to be finished.

We chose to write this article about Buying Unfinished Homes of the simple reason that we believed we could write better and now when you are reading about Buying Unfinished Homes don't you think that we were right in our thinking.

If the home you are looking at has plans for a garage, you can save thousands if you decide not to go with the garage. On the other hand, if there is another attached room that is planned to go onto the house, you can save just as much if you decide to forgo it. There are always ways that you can save money just by looking at the plans. Unfinished homes may have other planned on additions as well, in which you can save a lot of money just by leaving them out.

Now, when you are reading this article on Buying Unfinished Homes do you still think that you are wasting your time. It must be clear to you by now that there were so many points that you were unaware of.

This is something that you should always keep in mind. When builders acquire a piece of property that they plan to build a home on, they will do everything they can do make as much money as possible on their homes. You might be able to get them to agree to some of these ideas, although they probably won't agree to all of them. Building homes can be a very profitable business - which is why most companies like to build their homes exactly as the plans call for.

An article is incomplete without its readers and that is why it is essential that readers are satisfied with articles. We have tried hard to achieve this very purpose. And now it is for you all to judge.

When looking at unfinished homes, you also need to look at what banks are willing to accept. If you are planning to get a mortgage, most banks will need to ensure that the home is up to local codes and in living condition. What this means, is that there will need to be a living room, bedroom, and other rooms finished. If the home is lacking quite a bit in terms of being unfinished, most banks won't give you a mortgage.

Most banks are also known to turn down unfinished home mortgages that they feel will have trouble selling in the event that you default. Normally, the entire downstairs area will need to be finished, along with most of the landscaping. You might be able to do some of it yourself and save money, although in most cases the home builder will need to do a majority of the topsoil and grass just to satisfy the bank. Banks have strict requirements when it comes to unfinished homes, which is why you should always check with your bank before you invest in an unfinished home.

As most of us already know, buying an unfinished home provides an excellent way to get into the housing market and get your very own home. Unfinished homes also allow potential buyers the chance to grow into their home along with their family. If you are interested in saving money, you should be sure to talk to the builder. This way, you can go over the plans and decide what doesn't need to be there. In most cases you can save a lot of money and still get a home that will provide years and years of memories for yourself and your entire family.
This article was nothing but an attempt to provide you with a few tips and suggestions to help you in making correct decisions and if you keep these in mind there is no reason why you would not be able to do so.
Everything that has a beginning has an end and we have also come to the end of our discussion on Buying Unfinished Homes. We hope that you would find the information gained here useful in your life.

By: Sinta Makah
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mydomainname101.com/RealEstate/

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Buying Cheap Government Repo Houses

Buying Cheap Government Repo Houses by Anthony Lee

Rising consumer prices and cost of living make owning a house today difficult, if not impossible, for many.

So if you want to have an opportunity to own a home which costs lower than the running market value, you can take a look at government repo houses; with the word repo used as short for repossessed.

How Does It Work?

1. Ordinary home loans are traditionally supported by a government housing organization. When homeowners default on their home loans, the mortgage company repossesses the properties and files a right for reimbursement of losses with the government housing organization.

2. Then the government tries to get back the money it paid the mortgage company by selling the foreclosed houses, often, at auctions.

3. The bureau tasked with the selling of government repo houses may, at times, make some repairs and renovate these houses before being sold. But more often than not, these government repo houses are sold "as is". Either way, it is good to remember that there are no constructional assurances given.

4. Government repo houses are sold by way of accredited and licensed real state brokers who, in turn, earn commissions from every house sold. Buyers of government repo houses have to prepare for down payments which vary depending on the properties' qualifications for indemnity policies.

Plan Your Attack Before Making The Shot

1. First, find listings of government repo houses. You can do this via the Internet or by calling up accredited real estate agents.

Narrow down your list as to what type of repossessed house you plan to acquire. The types of house can be, among others, a new home to live in, a summer abode, a house to be rented out, or a house for reselling.

2. If you are interested to buy any one of the government repo houses on the listings, you should contact the real estate broker assigned by the government housing organization and let your intentions be known.

3. After consulting with the broker about the details and you decide to go on with the purchase, you will be subjected to the initial steps of the bidding system.

But before buyers even begin bidding, they should inspect the house they want; they must know the basic conditions of the houses because they might end up spending more on renovating and repairing government repo houses than buying brand new ones.

4. When bidding, it is important to know how much you are willing to go for to buy the house you want and that you have the cash to back up your bid.

Some agencies require house buyers to have their money in place when bidding for government repo houses; while others are willing to propose financial facilitation. If you win the bidding, the house is ready to be yours. And indeed, you have a dream come true!

About the Author
For listings of repossessed homes, please visit http://www.buy-cheap-houses.info/.

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The Tremendous Benefits Of Buying Pre Foreclosures

The Tremendous Benefits Of Buying Pre Foreclosures

So what is Foreclosures really all about? The following report includes some fascinating information about Foreclosures--info you can use, not just the old stuff they used to tell you.

The information about Foreclosures presented here will do one of two things: either it will reinforce what you know about Foreclosures or it will teach you something new. Both are good outcomes.

Pre foreclosures are known as properties that have reached the final stages before they get repossessed or taken back by the lender or bank. The owner is still in complete control of the property or home, although the bank or lender will repossess the home if the owner doesn’t attempt to rectify the situation. Normally, if the owner makes things right with payment, the pre foreclosure will settle and things will go back to normal.

When buying real estate, there are several benefits to pre foreclosures. Although there are several ways that you can buy a home, pre foreclosure is one of the best. Even though it is one of the best ways to buy property, many people miss out simply because they aren’t familiar with pre foreclosures and all of the benefits that come with them.

The best thing about pre foreclosures is the prices that are associated with them. In most cases, the owner has no choice but the sell the house, and therefore will listen to just about any offer that he receives. Due to this very reason, you can find pre foreclosures for sale at nearly 50% off market value. This is an ideal time to purchase, especially if you are looking to save a lot of money.

Along with the great prices you can get with pre foreclosures, you’ll also have the luxury of dealing directly with the owner - no third parties involved. This is a great advantage, with buyers being in total control of pre foreclosure sales. In the event that the home owner decides to turn down your offer and cannot find another buyer, he will lose everything. Even if you offer the owner a small price, he will be able to make a little bit of money selling the home.

You can find pre foreclosures that up for sale pretty much the same way that you can find homes in which the bank already has control of. You can look in the local newspaper, on the Internet, or by calling the lender directly. There are several options that you have in terms of finding pre foreclosures, giving you plenty of options. Once you have found a pre foreclosure for sale, it’s up to you to seal the deal and get the home of your dreams at a very affordable price.

When you compare foreclosed properties with pre foreclosed properties, you’ll find that there is less competition involved with pre foreclosures. Pre foreclosed homes are a great purchase, as they will normally come at a very affordable price. Those of you who have been looking for a new home shouldn’t hesitate to check out pre foreclosed properties. They are a great investment - and can indeed be very profitable in the long run.

Now you can understand why there's a growing interest in Foreclosures. When people start looking for more information about Foreclosures, you'll be in a position to meet their needs.

By: Sinta Makah
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mydomainname101.com/RealEstate/

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Casino Careers

Casino Careers by Josh Stone

Casino gambling continues to expand around the World. Every year there are new casinos opening in existing markets and new venues around the World.

When most people think about employment in the gaming industry they naturally think of the dealers and casino personnel. It's only natural to think this way because those people are the ones out front and in the public eye. However the gaming industry is more than what you see on the gaming floor. Gaming has become an increasingly popular leisure activity, reflecting growth in both population and disposable income. Job growth is expected in established and growing gaming areas, such as Las Vegas, Nevada, and Atlantic City, New Jersey, and in other States likely to legalize gambling in the coming years.

Like nearly every business establishment, casinos have workers who direct and oversee day-to-day operations. Many job tasks of gaming managers, supervisors, and surveillance officers and investigators do not require interaction with casino games and patrons--but in the scope of their work, they must be capable of handling both.

Gaming managers. Gaming managers are responsible for the overall operation of a casino's table games. They plan, organize, direct, control, and coordinate gaming operations within the casino; formulate gaming policies; and select, train, and schedule activities of gaming personnel. Because their jobs are so varied, gaming managers must be knowledgeable about the games, deal effectively with employees and patrons, and be able to assess financial issues affecting casino growth or decline. These assessment abilities include measuring the profit and loss of table games and slot machines, understanding changes driving economic growth in the United States and so on.

Salaries vary by establishment and region. Bureau of Labor Statistics (BLS) data show that full-time gaming managers earned a median annual salary of $46,820 in 1999. The lowest 10 percent earned less than $26,630, and the highest 10 percent earned more than $96,610.

Gaming supervisors. Gaming supervisors oversee gaming operations and personnel in an assigned area. Circulating among the tables, they ensure that all stations and games are attended to for each shift. It also is common for supervisors to interpret the casino's operating rules for patrons. Supervisors may also plan and organize activities for guests staying in their casino hotels. Periodically, they address--and make adjustments for-- service complaints.

Gaming supervisors must have leadership qualities and good communication skills. They need these skills both to supervise employees effectively and to greet patrons to encourage return visits. Most casino supervisory staff has an associate or bachelor's degree. Regardless of their educational background, however, most supervisors gain experience in other gaming occupations before moving into supervisory positions because knowledge of games and casino operations is essential for these workers.

Slot key persons. Slot key persons, also called slot attendants or slot technicians, coordinate and supervise the slot department and its workers. Their duties include verifying and handling payoff winnings to patrons, resetting slot machines after completing the payoff, and refilling machines with money. There are no formal educational requirements to enter this occupation, but completion of slot attendant or slot technician training is helpful. BLS data show that median hourly earnings of slot key persons were about $10.28 in 1999. The lowest 10 percent earned less than $7.02, and the highest 10 percent earned more than $17.83.

Gaming cage workers. Gaming cage workers conduct financial transactions for patrons. They sell gambling chips, tokens, or tickets to patrons or to other workers for resale to patrons. They also receive and convert the gaming chips, tokens, or tickets to currency at patrons' requests. Some cage workers may also accept patrons' credit applications and verify their credit references, enabling patrons to establish in that casino either a check cashing authorization or credit account.

Gaming dealers. Gaming dealers operate table games such as craps, blackjack, and roulette. Standing or sitting behind the table, dealers provide dice, dispense cards to players, or run the equipment. Some dealers also monitor the patrons for infractions of casino rules. Gaming dealers must be skilled in customer service and in executing their game. Dealers determine winners, calculate and pay winning bets, and collect losing bets. Because of the fast-paced work environment, most gaming dealers are competent in at least two games--usually blackjack and craps.

Nearly all gaming dealers are certified. Certification is available through 2- or 4- year programs in gaming or a hospitality related field. Experienced dealers, who often are able to attract new or return business, have the best job prospects. Dealers with more experience are placed at the "high roller" tables. Median hourly earnings for gaming dealers were $6.20 in 1999, according to BLS. The lowest 10 percent earned less than $5.38, and the highest 10 percent earned more than $9.53.

In addition to specific requirements for each occupation, all gaming workers must meet some general requirements. For example, a high school diploma or GED usually is required for entry-level jobs. And applicants for gaming or casino jobs must be at least 21 years old. All gaming workers are required to have a license issued by a regulatory agency, such as a casino control board or commission. Licensure requirements include photo identification, residency in the State where applicants anticipate working, and payment of a fee. The licensing application process also includes a background investigation.

In addition to a license, all gaming workers need superior customer service skills. Casino gaming workers provide entertainment and hospitality to patrons, and the quality of their service contributes to an establishment's success or failure. Therefore, gaming workers need good communication skills, an outgoing personality, and the ability to maintain their composure even when dealing with angry or demanding patrons. Personal integrity also is important because workers handle large amounts of money.

Each casino establishes its own requirements for education, training, and experience. Almost all casinos provide some in-house training in addition to requiring certification. The type and quantity of classes needed may vary.

Like any job, gaming work has its good and bad points. One of the advantages is the work environment: the atmosphere in casinos is generally fun filled and often considered glamorous. In addition, advancement opportunities in casino gaming depend less on workers' previous casino duties and titles than on their ability and eagerness to learn new jobs. For example, an entry-level gaming worker, such as a slot key person, eventually might advance to become a dealer or card room manager or to assume some other supervisory position.

About the Author
Freelance writer for over eleven years.

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Las Vegas Jobs

Las Vegas Jobs

Las Vegas core industry is, as you might expect, the hotels and casinos. Though many people believe that these Las Vegas jobs are plentiful, they are actually quite competitive. Still, a person new to Las Vegas can do some things to assist in finding those Las Vegas jobs in the hotel and casino industry.

If you are a newcomer to the Las Vegas area an looking for Las Vegas jobs in the hotel/casino industry, you should probably try to start with off-strip casinos to gain experience and break into the industry. On the whole, strip-based casino owners will not give novice hotel/casino workers a chance, so looking for off-strip Las Vegas jobs can help you gain the experience and exposure you need to get a job on the more lucrative strip. Not only will these off-strip Las Vegas jobs give you experience, but they also allow you to get to know more “regulars” in Vegas. Many locals’ casinos draw regular clientele, while the strip hotels tend to draw tourists.

Again, if you are looking for Las Vegas jobs on the famous strip, you will need significant experience. However, you need to start somewhere. Many hotel/casino employers may hire you if you have a good work history, even if you do not have hotel/casino experience. Las Vegas jobs in hotels and casinos are easily learned through training, so employers look for you to be reliable and have a good attitude. In fact, some casino and hotel hiring managers often look for people who have no experience so that they come in with no judgments. If you go looking for Las Vegas jobs, whether off-strip or on the strip, you should bring with you a detailed and accurate employment history.

As you continue to look for Las Vegas jobs in the hotel/casino industry, you will probably be invited to interview with various employers. There are some things you need to do when you interview for these Las Vegas jobs. For instance, you need to go into your interview with a smile and a positive attitude. Many of these Las Vegas jobs in hotels and casinos require you to have a lot of contact with clientele, and if you cannot be positive in your interview, you most likely will not be positive on the job. You should also plan to take a drug test when you interview for these Las Vegas jobs, as most hotel/casino employers have drug-free environment policies. Dress neatly and professionally for your interview or audition, as many employers for Las Vegas jobs look for people who are taking the opportunity seriously.

Some of the most popular Las Vegas jobs are the ones where you will receive tips, and they are often the most sought after. Many people some seeking Las Vegas jobs that receive tips thinking that they will be dealing with high rollers that tip big, but usually you will start off on shifts and in hotels or casinos where the tips are not that large. Many people starting off in these Las Vegas jobs usually have to get a second job at first to make ends meet.

By: Charles Fuchs
Download the Free Quick Start Workbook (Free $97 Value!) and receive valuable tips, strategies and techniques designed to grow a very successful Home Based Business. Copyright © Charles Fuchs is an established online marketer who specializes in helping people start their very own Home Based Business. He specializes in showing people the best way to Make Money at Home.

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The Fizzling Real Estate Boom

The Fizzling Real Estate Boom by Raynor James

The last five or six years have been some of the best in real estate for a long, long time. There is little doubt those days are over, but what does this mean to you?

The Fizzling Real Estate Boom

For the last few years, we have seen an incredible surge in the real estate market. While some states such as Texas and Colorado missed out, most states showed hyper appreciation and sales rates. The combination of incredibly low interest rates and a solid economy created a frenzy in the market. This frenzy led to such amazing situations as homes in Las Vegas appreciating at rates of over 25 percent in a single year. A single year!

As with a bubble you might blow from gum, the good times had to come to an end. Recent reports from various credible sources show the real estate market slowing down. In many places, it is actually showing a reverse trend where home values are dropping instead of just slowing down. As a homeowner, what does this mean to you?

First off, there is no reason for you to panic. The appreciation you have seen on your property is a paper gain. This paper gain does not impact your financial situation until you actually sell your home and accept an offer. When discussing appreciation and home values, it is important to remember the figures represent a projection of wealth. If you make your mortgage payments on time and then sell in 10 years, the value of your home will only matter when you actually sell at the tenth year. The value in years 2, 5 or 7 is more or less irrelevant. As long as you are able to meet your debt repayment obligation, there is no reason to panic because your home is losing some value.

The real estate market will recover and so will the value of your home. Of course, many people would like to know when the recovery will occur. The truth is nobody really knows. At the moment, the gurus are suggesting the market will bottom out in 2007 at some point and then recover. Even if it takes till 2008, you should be fine. Once appreciation rates start moving in a positive direction, you will recover any of your paper losses in due course.

Yes, the real estate market is pulling back. If you relax and live in your home for a few years, the value will rise again.

About the Author
Raynor James is with FSBO America - information on home values.

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Government Real Estate Auctions - Tips for Buyers

Government Real Estate Auctions - Tips for Buyers

Government real estate auctions sell off real property that has been seized, abandoned, or forfeited. The Department of Treasury has been designated as the state department to handle such auctions. Typically, they conduct 100 auctions a year.

The funds obtained at state real estate auctions help support local and state police and other areas of the city. The placement of a successful bid at a Department of the Treasury auction establishes a legally binding contract between the successful bidder and the Government.

Here are some basic rules and policies:
1. To be eligible to bid you must be 18 years of age and not an employee of the state.
2. You cannot be the contractor, subcontractor or vendor or their agent who has access to information about the property.
3. A bidder registration form must be submitted for approval. If bidding for someone else, the form must be notarized.
4. Buyer is to inspect property prior to placing a bid.
5. Changes may be made on the day of the sale.
6. The Government reserves the right to withdraw from sale any of the property listed.
7. The buyer understands the property is sold on the “AS IS” basis.

A lot of rules and regulations govern government real estate auctions, and it is wise if you take the time to research them prior to attempting to attend. Each registered bidder will be issued a bidding number. This is your lifeline to what is important on that day. Don't loose it.

Most importantly enjoy yourself at government real estate auctions. The properties auctioned off are very valuable and should bring you a good return.

Please visit some of my other site at Real Estate Actions and State Real Estate Auctions

By: pjs1965
For more information please visit my website at government-real-estate-auctions.blogspot.com” title=”Government Real Estate Auctions">Government Real Estate Auctions

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3 Tips To Buy Cheap Government Seized Houses

3 Tips To Buy Cheap Government Seized Houses

Countless assets owned by private entities are being seized by the government every single day. These assets range from cars to boats and furniture to homes.

Among these things, nothing has more value than government seized houses. Almost all the other items depreciate in value; unlike government seized houses which actually increase in market price over a period of time. It is therefore a good idea to include government seized houses in one's options in buying a home.

Buying government seized houses is advisable not only to people who want to acquire a home, but to people who want to make good money out of reselling houses.

Here are some tips that can help you in finding your ideal home among the numerous government seized houses out there.

1. Consult The Experts

Always consult with an accredited licensed real estate broker when you are planning to buy from the many government seized houses. While you certainly have to incur commission expenses if you make use of their expertise, the good thing is you will have a worry free purchasing transaction.

Besides, the total acquisition cost of government seized houses including the broker's commission is still not that huge when compared to buying a new house.

2. Seeing Is Believing

Check out the government seized houses that are on your list. Remember that government seized houses are sold at bargain-based prices because the government does not normally repair or renovate them before being floated in the market.

The government has no disclosure policy as to the condition of the houses. And so the structural and aesthetic order of the house could be found wanting. So beware!

3. Learn The Ropes

While looking at government seized houses is a good way to find the house of your dreams, it can also be a good source of income.

Many people have raked in a fortune by just buying government seized houses, spending a little on repairs and improvement, and finally, selling the newly renovated house for a hefty profit.

Largely, the government has to contend with rising deficits, hence, its need to immediately dispose of the things it has confiscated or seized. The logical strategy is for the government to drive down the prices particularly of government seized houses.

So if you take advantage of this concept, you can actually earn a lot by reselling sequestered properties you won at auctions.

Truly, a road to take when you are looking for your dream house is to scout for the latest auctions for government seized houses. Good luck on your house shopping!

By: Anthony Lee
For listings of government seized houses, please visit www.buy-cheap-houses.info/.

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Bouncing On The Real Estate Bubble...How The Newbie Breaks In

Bouncing On The Real Estate Bubble...How The Newbie Breaks In by Patrick Zanders

Creative real estate investors have been experiencing a boom over the last decade. They have been able to see some serious profits in a relatively short period of time. Some markets continue to show this amazing growth too. Areas like Phoenix, AZ and Las Vegas, NV are as hot as the desert that they are located in. Some people predict and end in sight very quickly, while others believe that it will continue. Now, being that this article is based on facts, let's agree that we are currently in a real estate boom. With that being agreed upon, we can now move on to the lesson at hand.

The "how to" business is booming in real estate is as hot as some markets. Most of these self proclaimed gurus will tell you that you can make money in any neighborhood, in any economic climate, all while being in any financial situation you happen to be in. This may have worked a few times, which gave the guru a name or a motive, but the fact is that you need to have yourself in a good situation before you begin in real estate investing.

Let's take a look at Maryland, Kentucky, North Carolina, and Texas just to name a few. These states have all passed or have pending legislation that will put a serious hurt on the creative real estate field. There is no way that Texas investors for example, can do a lease option if it is illegal correct? There is a provision though that states that the investor can buy the property outright (most newbies do not have that kind of cash), or he can use his line of credit (sorry, this is reserved for people with decent credit), or he can get a simple loan and ask the banker to agree to what he wants to do (this is easier than it sounds but you still need good credit).

Every day I am asked by a new real estate investor (or wanna be), what the best route to take is when getting into the business. My same old answer is that you can learn any type of investor style, just make sure that you have yourself in order first. One word of caution too, don' be fooled into thinking that you can spend some cash and instantly have business credit and be able to take down properties in the company name. Lenders have tightened their belts considerably when it comes to lending to an llc or corporation with credit. Yes it is possible to get corporate credit cards at Home Depot and Office Max when you have some corporate credit, but unless you are going to build a building and type a letter of thank you, you again need credit. Lenders will lend in some instances to a corporation with good business credit, but only if the company owner or representative signs as a co-signor or what they call a guarantor which states that they are backing the loan in their name and guess what...Yep, they need good credit.

Newbie investors truly need to understand that it is nearly impossible to have sustained success without a stable credit score behind you. Stop spending countless time and money or various programs and first step back and get your own financial house in order. Don't fall into the misconception that it will take years to clean your credit up. There truly are ways to climb out of the rut that you are in and it does not have to take years to do. With most credit reports containing blatant errors, a person can upgrade their credit quite easily. There are also ways to add things to your files that will make you more appealing to creditors. Most people do not know that you can add character references to your reports. This in itself can add a distinct advantge when looking for lenders to accept you as it is setting you apart from the masses and that's what it is all about.. Adding positive credit is a very simple aspect as well. You might not be able to remove everything negative, but at least cancel it out with something positive.

The journey into real estate investing can be a wild and financially rewarding ride. The averge Joe can be financially secure in a matter of a years. If this is truly an area that you want to concentrate your time, effort, and money in, do the right thing and get yourself prepared for what it will take. Do this even before you attend your first seminar or buy that first course.

About the Author
Patrick Zanders is co owner of ACR Systems. He is a lecturer, writer, and assists newbie investors in preparing themselves for breaking into the investing arena. The company also freely assists individuals all over the country that have poor or damaged by introducing them to their free poor credit buying program. He can be reached at pzanders@comcast.net or www.acresystems.net

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A Piece of Las Vegas Golf Paradise

A Piece of Las Vegas Golf Paradise by Digital Excellent

The gambling capital of the world has moved big pockets of famous people around the world. The place is no other than Las Vegas, a place where lights never stops blinking. Without the busy nights, daytime offers another dimension open to corporate leisure. Golf in Las Vegas is never late.

What is unique about playing golf in Las Vegas? It has everything it needs for a leisure golf course, but many places around the world offer green golf courses. The difference with Las Vegas it has the choice for an adventurous par in a desert golf course. Yes, doing golf in a desert is Las Vegas' trademark to flaunt a unique golf experience of a lifetime.

Selected areas of the desert being eyed for golf courses were converted into luxurious space for the tourists' best romance with unique terrain. Much opposed and irrigated, solitude golf hyped up in Las Vegas is as marvelous as its famous gambling casinos. Itineraries will never run out of complete accommodations for a vacation including complete packages for other leisure activities, conferences, sports, and tours.

If you want a landscape monument fully describing Las Vegas golf in one glance, a visit to Wynn Las Vegas, covering 215 acres of complex resort spot. Known for its location in the Las Vegas Strip, developed by Steve Wynn, to whom the name has been attributed., Its 50 - storey building towers as one of the tallest buildings in Las Vegas Boulevard.

While this spot in Las Vegas offers everything from The Mirage viewing to fine dining and nightclub hopping, spectacle care, and general art crush, it has the only golf course in the Las Vegas Strip - - - Wynn Golf and Possessions Club. The golf and country club were designed by Steve Wynn with Tom Fazio, colleagues and friends in the same field working for Shadow Creek Golf Club.

Wynn Golf and Country Club in Las Vegas is only light to hotel guests, where each rivalry plummets to a cost of $500. Historically, it was adjacent to Desert Inn Hotel and assembled re - planned by acquiring private lands to expand the resort area. Formerly, the golf course was called Dessert Inn Golf Course until garnered the present name. It has been one of the most expensive privately owned project asset in Las Vegas. Getting the whole concept of golf course adventure in Wynn Las Vegas means stepping inside to see what the designer' s vision is all about. Be a guest and venture a majestic trip within its bound before taking a round to its golf course.

As Wynn Golf and Country Club never letup to heighten its power in luxury in the heart of Las Vegas, the future promises a better vision. However, the golf course will undergo another development as the real estate of Las Vegas Strip soars to the limitless and priceless value.

In the height of modernization, Las Vegas golf will be stripped and re - designed for different tenure. This means the land will be fragmented into mixed use for other lucrative provisions like designer boutiques and fantasy landscaping.

Wynn Las Vegas' further expansion will mesmerize the world with its Encore hotel project, which will shroud a wide frontage of Las Vegas Strip. It will be operational in the Christmas of 2008. Golf courses do have great stories but time changes and the next generation will only witness the exemplify until they are no longer visible. 　

For more information please visit http://www.digitalexcellent.com/Las-Vegas-Golf/

About the Author
Owner of http://www.digitalexcellent.com

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3 Quick and Easy Tips for Picking A Condo in the Las Vegas Real Estate Market

3 Quick and Easy Tips for Picking A Condo in the Las Vegas Real Estate Market
By Richard Martin

Do you know what the top tips are for picking a Las Vegas condo are? Everyone wants to live in the city of eternal neon and never ending gambling opportunities. No one can tell what will happen in the future, but we've compiled three of our top tips to getting the Las Vegas condo that you are looking for. Just because a condo looks like it might be right for you, it doesn't mean that it's a really good long term pick as a place to live. A realtor can tell you what is hot, so lets take a look at some different tips for the real estate world in general.

1.Do your homework. Brand new state of the art condos that are selling for "½" off probably were over priced to begin with. Take a look at comparable trades in Las Vegas. How much are one bedroom condos going for these days? Is the unit you are looking at comparable in size and amenities? Make sure you are comparing apples to apples, so to speak. Know the market and you will be well on your way to getting a decent deal on your next condo purchase.

2.Go with a well known dealer or realtor. Don't trust fly by night operations. Some major manufacturers of apartments and condominiums have been in business for 30 years plus! A lot of the big names in home building have been building and selling condos and homes of all sizes for decades and have well established reputations.

3.Get a discount. Overall, if you are looking to get into a new condo quick, the realtor might offer you a bunch of different things to get you in the door in order to make a transaction happen. Especially, now (mid2006) that prices have softened a bit, a lot of potential sellers might throw in something extra for you. In fact, some people have even negotiated maid service for an entire year as a condition of their purchase. Now that's an extra.

These are really just the tip of the iceberg when it comes to learning about Las Vegas condos and their value. Visit our site today to get more tips, resources, and a blog about different Las Vegas real estate tips.

Want to learn about hot stocks and more? Visit http://lasvegascondoplace.com/blog/index.php to learn about las vegas condos and las vegas real estate.

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Assessing the Las Vegas Real Estate Market - Jobs

Assessing the Las Vegas Real Estate Market - Jobs by Raynor James

Given the fact the blazing hot real estate market has cooled off, one must wonder whether it is worth buying now in any location. One way to identify a good area deals with jobs.

Assessing a Real Estate Market - Jobs

First things first - national trends in real estate mean little when it comes to assessing a local area. During the recent red hot real estate market, national trends would have led one to believe you could buy anywhere and reap insane appreciation rates. This simply was not true. States like Texas and Colorado, for instance, generally showed miserly appreciation rates in the four to six percent range. Simply put, the national trend in real estate was a reflection of an average movement across the country, not a predictor for certain locations.

Without a doubt, the national figures for the real estate market have cooled off dramatically. We are seeing price drops and appreciation rates stagnate in many formerly hot markets. Las Vegas, for instance, was a market that was blazing hot with 25 percent appreciation rates for a couple years running. Now, the market in Vegas has cooled significantly. This is a trend being repeated in numerous markets that were previously hot, hot, hot.

Does this cool off mean you should avoid purchasing real estate? No! It just means you need to pay closer attention to what is happening in the community you are considering. One of the biggest issues to focus on is the job market. This is an issue most people fail to consider, so you can reap huge profits if you get it right.

When considering jobs, you want to look for an area that is exhibiting solid job growth in white collar industries. The fact that 50 McDonalds are opening is not really going to spur the real estate market. On the other hand, the fact that Boeing is opening a massive construction facility in the area is going to bring a boon to the real estate market. White collar jobs lead to housing demands. The more demand there is, the higher prices and appreciation rates go regardless of any national trend.

Five or six years ago, I was taking a flight to Portland. The plane was loaded with employees of a large corporation that were commuting between their homes in California and Portland. It turned out the company was in the process of moving to Oregon and 5,000 employees were going with them. Although I don't recall the company name, it was in the computer industry. Given this migration of jobs, do you think Portland would have been a good place to buy?

There are many factors that go into the status of a real estate market. If you focus on job growth, you may just find some gems in an otherwise cool real estate trend.

Given the fact the blazing hot real estate market has cooled off, one must wonder whether it is worth buying now in any location. One way to identify a good area deals with jobs.

About the Author
Raynor James is with FSBOAmerica.org - homes for sale - by owner.

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Your Mortgage Prequalification Letter for the Las Vegas Real Estate Market

Your Mortgage Prequalification Letter for the Las Vegas Real Estate Market

By: Matthew C. Keegan

Congratulations on your decision to move to Las Vegas! Once simply a quiet casino outpost, Las Vegas has been transformed into a thriving entertainment mecca and remains one of the fastest growing cities in America. If you are planning to purchase property in Las Vegas, you can expedite the process by having your mortgage prequalification letter in hand before you begin looking for a home. Read on and we shall see why this all important step can ease your home buying experience.

A Las Vegas mortgage prequalification letter is issued by a mortgage company to let you know exactly how much of a home you can purchase. It tells sellers and real estate agents the following about you:

You are ready to buy.

You are qualified to purchase a home within a specific price range.

You are a good customer.

Indeed, a seller is more likely to consider you as a purchaser if you have already obtained this all important letter. When multiple bids are being tendered, the seller will consider those offers backed by a prequalification letter first.

Don’t let your Las Vegas dream home slip through your fingers just because you forgot this important step. Get qualified for a Las Vegas mortgage today to show everyone that you are a serious homebuyer.

Copyright 2006 – Matt Keegan is a freelance writer for John Vanhara who is President & Broker of MillionSaverHomes.com a Las Vegas Real Estate company helping to make Las Vegas home ownership a reality for thousands of home buyers from across the USA.

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Condo Hotel Investments in the Las Vegas Real Estate Market

Condo Hotel Investments in the Las Vegas Real Estate Market by Seb Jay

Good real estate investment is all about finding opportunities that deliver high rental yields and solid capital appreciation. It's a simple concept, but one that is sometimes difficult to implement 'in the field'. The principal barrier for many an investor is simply finding these high yielding real estate investment opportunities in the first place. If you find yourself in this position then what I'm about to reveal to you could literally change your life forever!

The Condo Hotel Investment Opportunity

Picture this: You buy a room in a hotel. You then rent it out to hotel guests via the hotel management's rental program. The guests stay in the room and use the hotel facilities. The hotel management company looks after the guests, they tidy the hotel room, replace worn or broken fixtures and fittings, and generally maintain the room to a high standard in line with the hotel's policies. Your sum total responsibility is to put the rental money in the bank. Simple!

Intrigued? If you are then I welcome you to the world of condo hotel investments!

The idea of investing in a hotel room is nothing new. The concept has been around for years. It is only recently though that the real estate investment community at large has woken up to the opportunity - that is with a rather large prod from the construction companies who build these hotels. They (the hotel developers) have found that if they sell hotel rooms as pre-construction investment opportunities, they get a new low-cost way of financing the project. In reality it's a win-win situation. The construction company gets to build the hotel at a lower cost, while investors get their hands on a piece of real estate that could be worth double its value by the time its built, and is virtually guaranteed to bring in a high level of rental income too!

Investors who are already playing the condo hotel investment route are finding out just how profitable a condo hotel room can be. James Fox, a condo hotel room owner based in the UK, purchased his Florida condo in February 2004 on a pre-construction deal. In the last year he's garnered a rental return of 6.8%, and at the same time has seen his investment increase in value by more than 20%. Another investor from Colorado has made over $2,000,000 in the last three years by just buying up pre-construction condo hotel rooms, holding on to them and reselling them for a profit once they are built.

Hot Condo Hotel Investment Locations

As with all types of property investment, the old adage 'location, location, location' rings true when it comes to selecting a condo hotel to invest in. Florida, New York and Las Vegas are all hot locations at present for condo hotels in the US, primarily because of their attractions - Florida for its climate and theme parks, New York for its famous city sights and for its shopping, and Las Vegas for its glitzy casinos. Outside the US condo hotels are not so well established. Nevertheless there are opportunities to invest in hotel rooms - one such scheme is the French leaseback opportunity currently running at Hotel Bruyeres in the French ski resort of les Menuires. The management company running this French condo hotel leaseback opportunity guarantees a rental return of 4% - 4.5% every year for the next 9 years! - (source: http://www.french-property-1st.co.uk )

And the best condo hotel opportunity of the lot? Well, it has to be the Downtown Athletic Club in Lower Manhattan, New York. The management company running the condo hotel operation in this soon-to-be-converted 1930s art deco style hotel building suggest rental yields of 6.25% and upwards, in addition to a conservative capital appreciation estimate of 30% over the next 3 - 5 years! - (source: http://www.propertymagnate.com )

About the Author
Article written by Seb Jay on behalf of www.propertymagnate.com

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Investing In Preconstruction in the Florida and Las Vegas Real Estate Markets

Investing In Preconstruction in the Florida and Las Vegas Real Estate Markets by Phil LaBoon

So you are interested in investing in the lucrative Florida and Las Vegas preconstruction real estate markets but you don't know where or when to buy. Then this article is for you. We will show you what to watch out for in this once in a lifetime opportunity. The first thing is to do your due diligence and find the right real estate brokerage, be sure that this brokerage deals with preconstruction real estate investing ...

Preconstruction real estate investing is the safest and fastest way to make a healthy return on your initial investment. What is really important to remember is that very few companies deal with preconstruction and even fewer deal with a large selection - here's why: 1. Less Money - While the investor makes more money from a preconstruction, investment brokerages usually make a smaller percent on preconstruction because they are in such high demand from serious investors. This is why you'll hear so many brokers say it is impossible to get preconstruction unless you have the connections. Trust me, no one can get you on the list.

2. Too Much Time - In order to sell preconstruction investment real estate in Florida you have to constantly research new up and coming developments that are not advertised anywhere. This can take many hours a week calling and researching the market and because the projects are all word of mouth brokerages need connections in the industry to get in on the stellar projects. Many Las Vegas and Florida brokerages just don't have the man power to do the research or the connections in the industry to find all these hidden gems.

3. Timing Timing Timing - Preconstruction real estate investing is a very fast moving market... If you wait even a day to move on a project chances are you?ve missed out on the development and this frustrates many new agents and causes them to drop out of preconstruction.

4. Delayed Payment - The number one factor on why most brokerages don't sell preconstruction investment real estate is because it takes so long to get paid compared to traditional projects. Because agents are selling units so early before development starts; payment is significantly delayed, in fact payment can be delayed for up to two years... This is also why many brokerages only deal with a small handful of preconstruction projects (If any). By only offering a small amount of projects the Las Vegas and Florida brokerages can negociate quicker payment on those projects and push them hard even if they are not in the best interest of the client.

The Bottom Line

Bottom line is in this industry you have to be very careful who you invest your money with. Many companies have their needs above the clients and because this is such a big ticket sale many companies don't need referrals or returning customers to stay profitable.

Remember, when searching for Florida investment real estate chose a brokerage that has a large selection of both preconstruction and phase one projects and doesn?t pressure you into one of their flagship developments where they make a higher percent off the sale.

If anyone ever has a question about a specific preconstruction project or development in the Florida or Las Vegas area feel free to contact me first and I will give you my honest advice on ANY project.

About the Author
Phil Laboon is a very well known author in field of Real Estate Investment. His various articles are popular among many internet portals. He has been writing articles for many years now. His articles are reprinted and published across various sites and internet portals.

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Assessing the Las Vegas Real Estate Market - Population Movement

Assessing the Las Vegas Real Estate Market - Population Movement by Raynor James

The number one question most people face is whether they should buy in a real estate market and, if so, when they should buy. Here is one trick you can use to make the decision.

Assessing the Las Vegas Real Estate Market - Population Movement

If you did not know any better, you would be forced to assume that we Americans are a restless bunch. Unlike the 20th century, we rarely seem to stay in the same place for long. Factors that lead to this migratory conduct include job loss, tax issues, cost of living and so on. Given the fact we tend to move, most people fail to realize what impact this has on real estate markets.

When assessing a real estate market, population movement is something you should really focus on. In many markets, it is pretty hard to ascertain and is not really an issue in the valuation and appreciation rates of properties. On the other hand, if you can identify such a market, you stand to make a killing. Let's look at a classic example.

One of the fastest, if not fastest, growing cities is Las Vegas, Nevada. Something like four people a minute move to the city. Why? Well, prices are generally cheaper than where they are moving from and there is no income tax collected by the state. As these people move into the area, the demand for housing becomes massive. This demand has been quantified in exploding appreciation rates in Las Vegas for the last few years. Alas, the market has cooled, but it does not mean you should avoid buying a property. People are still moving into the city at an amazing rate and they still need places to live. While the market has cooled for a bit, it will get hot again within a year. There is simple too much demand for housing.

A less obvious population movement has to do with homeowners moving from high property value areas to lower property value areas. For example, homeowners that live in Southern California have a habit of selling off their tract home for massive profits and moving to states where they can buy much bigger homes for a fraction of the price of their previous home. If you can identify where these wayward, but rich, souls are going, you can buy in that market before or while prices are being driven through the roof. One area that was very popular with these people was Seattle and the state of Washington. Prices have nearly doubled in that area given the influx of the Californians.

Population movement is an important trend in evaluating a real estate market. It is not always present in every market, but you can make a killing if it is.
About the Author

Raynor James is with FSBOAmerica.org - FSBO - for sale by owner.

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How to Search the Las Vegas Real Estate Market MLS Listings

How to Search the Las Vegas MLS Listings by Vegas Market Insider

This article is focused towards helping you understand how to do a quick, effective search in the MLS Listings for the city of Las Vegas. Las Vegas, or "Sin City," is one of the nation's fastest growing cities. The real estate market is booming and with the population expected to soar to two million by 2007, it is no wonder why Las Vegas is becoming such a hot market. In fact, casinos are also part of this boom, as they create more and more Las Vegas condos for sale by expanding their properties into private residences. The Las Vegas real estate market is growing rapidly, as there are currently 8000 Las Vegas condos for sale, under construction, or in the pre-construction phase. Statistics show that 5,000 people are relocating to Las Vegas every month.

The Las Vegas Multiple Listing Service (MLS) is a database containing properties for sale. In Las Vegas, the MLS supports about eighty percent of the private real estate market. A service of this kind proves very valuable to prospective buyers - typically a fee is charged to become a subscriber and be able to search the Las Vegas MLS.

The Las Vegas Homes MLS Search gives you addresses and detailed driving directions to new construction and existing Las Vegas homes and condos that meet your specific criteria. Remember: view properties first, and then choose your agent. The real estate listings contain thousands of new construction and existing Las Vegas homes and condos with photos, amenities, asking price, and other important data about the property. The MLS are being updated on a daily basis and the displayed addresses have detailed driving directions, so it's easy to view the properties of your choice.

When searching through the Las Vegas MLS listings you will find property data that is available in the market from expert real estate agents that mediate between buyers and sellers. As the number of properties contained in the MLS rises, the value of the service increases. Right now it's a Buyer's Market in Las Vegas, with the number of homes and townhouses on the market increasing every day at an incredible pace, driving home prices all over the area lower, and making an effective MLS search even more valuable.

Working with the Las Vegas real estate listings is simple. First you enter your search criteria by choosing the price range, number of rooms and other details. Then you select the area in Las Vegas where you want to search or you select "all areas" and the MLS service will give you a tour of all the available properties that match your needs. If you choose to subscribe to the newsletter you will receive new listings on a daily or weekly basis, created specifically for you.

UniqueLasVegasHomes.com is a full-service real estate brokerage with licensed agents. Online registration is free - allowing users of the site to have online access to the Las Vegas MLS and conduct searches for properties in the Las Vegas area. When searching their Las Vegas MLS you will get detailed information including full addresses and all available photos of homes currently on the market. Licensed realtors update the MLS several times a day, ensuring people have the most accurate, up-to-date information to make their home-searching more productive. You can save the different MLS searches based on a variety of options such as price, location, or distance from a particular address, and have access to neighborhood research such as maps, schools and crime.

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How To Sell Your Condo Fast in the Las Vegas Real Estate Market

How To Sell Your Condo Fast in Las Vegas by Vegas Market Insider

This article will provide you with tips and information on how to sell your condo as quickly as possible. A condo is a type of joint ownership of real property in which portions of the property are commonly owned and other portions are individually owned. Known as "Sin City," or "The City in the Desert," Las Vegas is the place to live out fantasies, catch a show, do some shopping and, of course, gamble. Las Vegas condos are in high demand. The condominiums are increasing in popularity, because they have a very attractive price/value ratio. When you are in the Las Vegas real estate market with the idea of selling your townhouse, have in mind that the average cost of a condominium is $195,000.

Here are some steps to use as a guide in the process of selling your condo:

1) Prepare the condo for sale Clean it, wash the windows, remove all the unnecessary objects, repaint it if you have to, if needed change the furniture to make it more appealing.

2) Understand the market In order for you to sell your condo quicker, you should first have a good understanding of the Las Vegas real estate market. Consider the area where the home is located and the features that make it different from the others, try focusing on the advantages that come with it.

3) Timing is everything Timing properly the decision to sell your Las Vegas condominium is very important. The thing is that when you need to sell your condo quickly, you have less flexibility, because of the restricted amount of time that you have. Obviously, when you do not rush the deal, you can sit back and wait for a buyer to make an irresistible deal.

4) Get a real estate attorney After researching the market and considering the neighborhood where the condo is located, the next thing to do is to find a real estate attorney or a title / escrow company to help with the legal details.

5) Estimate the asking price The next step is to estimate the price. This can be done by contacting a real estate agent or a broker to provide you with a CMA otherwise known as a comparative market analysis of your condominium.

6) Spread the news After doing that, you need to start spreading the news. There are a lot of websites where you can submit your Las Vegas condo for sale. You can also do it through a real estate broker. When you want to sell your home as fast as possible, naturally you do not want to waste your time with people that will not make a serious offer. You need qualified buyers and one of the best ways is to have them referred by your mortgage broker/lender.

7) The MLS If you follow all these steps, but still you have not been able to make the deal go for the MLS option. As a private party, you can list your home with the Las Vegas multiple listing service. Because this automatically exposes your offer to thousands of potential prospects all over the country, you should be able to sell your condo in a very short amount of time. The disadvantage of this method is that you will have to pay a seller's fee to a real estate agent.

When selling your condo, have in mind that the Las Vegas town homes for sale are mostly purchased by young professionals, empty-nesters and working families. The Las Vegas real estate business is flying high as of now, more than ever people are interested in the convenience offered by the condominiums. So you have a lot of potential buyers out there. Because of the boom in this business and the future of this city is appearing to be really exciting, you can be sure that there will be a lot of people willing to do business with you.

Complete resources for selling your Las Vegas condo as fast as possible can be found here: Best Las Vegas Condos. Don't miss out on this great opportunity to sell your condominium!

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Las Vegas Real Estate Investment - Why You Can Make Money Investing There

Las Vegas Real Estate Investment - Why You Can Make Money Investing There by Joel Teo

Las Vegas epitomizes the glitzy and glamorous way of life. It is the playground of the rich and famous. The world famous casinos, music theaters, luxury hotels and theme amusement centers make Las Vegas real estate investment a worthwhile choice to consider.

Las Vegas is located in the state of Nevada and was a sleepy little town until the 1930s. With the growth in the hospitality and entertainment industry, it acquired the sheen of a perfect destination for relaxation. Casinos where one could splurge as if there was no tomorrow and the luxury hotels to cater to the whims of the super rich have created a boom in real estate in the city.

Las Vegas real estate investment is profitable primarily because the city is registering growing traffic due to the gaming industry and business convention meetings. The luxury hotels cater to the high-end segment and there is a demand for affordable accommodation for the large number of families arriving as tourists.

There are some compelling reasons why you can make money in Las Vegas real estate investment.

* The strip on which most of the attractions of Las Vegas are located commands a premium. Therefore, finding a suitable property close to the strip would allow you higher rental yields. Some developers, especially of resorts, have created apartments that they rent out on your behalf. Las Vegas is a popular destination for family vacations and endless hours of shopping. Prime commercial property would translate into good rentals and high capital appreciation.

* If you cannot afford the city center, then think of property in any of the redeveloped areas. These have been earmarked by the Nevada administration to ease congestion on the central districts while attracting further investment.

* Las Vegas is close to the Nellis Air Force Base. Employees of the base would need businesses to cater to their needs. Commercial property in the area would mean good rentals from companies that wish to provide different services.

Copyright © 2006 Joel Teo. All rights reserved.
About the Author

Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine.

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The Real Estate Market in Las Vegas, Nevada

The Real Estate Market in Las Vegas, Nevada by Raynor James

Las Vegas is known as a mecca of entertainment and gambling. Although not as hot as the weather, the real estate market is primed to take off again in this expanding city.

The Real Estate Market in Las Vegas, Nevada

Las Vegas is the biggest city in Nevada and really needs no introduction. With incredible casinos and entertainment, most people only associate Las Vegas with gambling. There is much more to this city in the sun, which is why it is one of the fastest growing cities in the country. In fact, the population is now more than half a million people and everyone move to Las Vegas from somewhere else.

The average Las Vegas property sells for about $170,000, a discount of roughly $10,000 compared to the national average. Even with this discounted average cost, appreciation is still a robust eight percent and expected to pick back up in the future as more people move to the city.

How many people are expected to become residents of Las Vegas in the next few years? Yearly job growth is expected to be massive, which means demand for workers high. This makes Las Vegas an incredibly attractive location for many Americans and the city is preparing with massive expansion to the west and construction sites popping up everywhere. Throw in the fact that there is no income tax in Nevada and you have a real estate market that can't help but get red hot again.

The City of Las Vegas offers just about anything you could possibly need. Shaking off a rather torrid reputation, the city has made a major effort to become family friendly. The days of mobsters and such are clearly over.

This transformation has resulted in Las Vegas becoming a mature city. Schools in Las Vegas rate about even with national averages, but are improving rapidly as the state spends more than twice the national average on them. Health costs are slightly more than the national average, but numbers tend to be inflated since the city has become a hotbed for retirees.

The weather in Las Vegas is more than a bit toasty. While you can get the occasional cool day in the winter, spring, summer and fall are going to be hot with temperatures over 100 degrees many days. Put another way, all properties have some form of air conditioning. If they don't, skip them!

To summarize, Las Vegas is exploding in size and is expected to continue doing so for at least the next four years. This means the real estate market is going to continue to cook.
About the Author

Raynor James is with the FSBO site - FSBOAmerica.org - homes for sale by owner. Find homes for sale or read about the Las Vegas FSBO market.

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3 Quick and Easy Tips for Picking A Las Vegas Condo

3 Quick and Easy Tips for Picking A Las Vegas Condo by Richard Martin

Do you know what the top tips are for picking a Las Vegas condo are? Everyone wants to live in the city of eternal neon and never ending gambling opportunities. No one can tell what will happen in the future, but we've compiled three of our top tips to getting the Las Vegas condo that you are looking for. Just because a condo looks like it might be right for you, it doesn't mean that it's a really good long term pick as a place to live. A realtor can tell you what is hot, so lets take a look at some different tips for the real estate world in general.

1.Do your homework. Brand new state of the art condos that are selling for "½" off probably were over priced to begin with. Take a look at comparable trades in Las Vegas. How much are one bedroom condos going for these days? Is the unit you are looking at comparable in size and amenities? Make sure you are comparing apples to apples, so to speak. Know the market and you will be well on your way to getting a decent deal on your next condo purchase.

2.Go with a well known dealer or realtor. Don't trust fly by night operations. Some major manufacturers of apartments and condominiums have been in business for 30 years plus! A lot of the big names in home building have been building and selling condos and homes of all sizes for decades and have well established reputations.

3.Get a discount. Overall, if you are looking to get into a new condo quick, the realtor might offer you a bunch of different things to get you in the door in order to make a transaction happen. Especially, now (mid2006) that prices have softened a bit, a lot of potential sellers might throw in something extra for you. In fact, some people have even negotiated maid service for an entire year as a condition of their purchase. Now that's an extra.

These are really just the tip of the iceberg when it comes to learning about Las Vegas condos and their value. Visit our site today to get more tips, resources, and a blog about different Las Vegas real estate tips.
About the Author

Want to learn about hot stocks and more? Visit http://lasvegascondoplace.com/blog/index.php to learn about las vegas condos and las vegas real estate.
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Nevada Real Estate – A Very Good Gamble

Nevada Real Estate – A Very Good Gamble!

By: Raynor

When you think of Nevada, Las Vegas and gambling are the first things to come to mind. In truth, Nevada real estate is a far better bet than anything you’ll find in a casino.

Nevada

Nevada is dominated by Las Vegas and no bolder statement could exist for American ingenuity. Where else in the world can you find a huge tourist attraction in the middle of an absolutely sun scorched state? I would be willing to gamble a pretty penny there is no other such place.

Centralized populations and heat characterize Nevada. There are two primary cities, Las Vegas and Reno, in which ninety percent of the population lives within 20 minutes. As to heat, Las Vegas is as hot as Phoenix in the summer, but with so much more to do. Still, if you have problems with heat, Nevada real estate may not be for you.

Nevada Real Estate

Can you name the state with the greatest real estate appreciation for the last 12 months? You might be surprised to learn it is Nevada with over 28 percent appreciation. Think about that for a minute. If the pace continues, the average home in Nevada will double in value in less than four years! That is truly an outstanding rate of return.

Although the rate of appreciation is amazing, Nevada real estate is still reasonably priced. The average single-family home in Las Vegas goes for $360,000. In Reno, the price jumps to a still reasonable $440,000. Purchase a home in Nevada and you could easily be looking at making $200,000 over the next two years.

Viva Las Vegas real estate!
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Win Big With Las Vegas Real Estate Opportunities

Win Big With Las Vegas Real Estate Opportunities by Ray La Foy

Whether you're interested in calling Las Vegas home or you just want some investment property, this big little city in the desert is worth checking into. Las Vegas property listings include everything you'd expect, from single-family homes and condos to commercial properties and casino locations.

The draws for Las Vegas are notable and known in many circles. From the beautiful desert vistas to the action-packed strip, this is a city that never sleeps. It's considered one of the biggest tourist destinations in the United States for a number of reasons. They include:

Gambling: With casino action going on 24/7, this is the city to visit if high-stakes, or even low stakes, gambling is desired. From small, privately owned casinos to the big ones on the strip - the Mirage, Sahara and MGM Grand - this city has everything from card games and slots to craps tables and roulette. While this is the single biggest tourist draw to Las Vegas, there are plenty more.

Cultural attractions: Las Vegas may be known as the home of Lady Luck, but many other players call it home, too. The city boasts a number of museums and galleries. There's live entertainment here that cannot be rivaled anywhere else in the world. The casinos themselves play host to some of the biggest acts in the world.

Outdoors: The great outdoors is a huge calling in Las Vegas. With miles and miles of beautiful desert landscapes to explore, those who visit this city will not find themselves shorted on things to do outside the casinos and those who live there know this is true. Hiking, biking and more are all available to those who live or visit Las Vegas.

Dining: The city is home to some of the world's best dining. With literally hundreds of restaurants offering every cuisine type imaginable, going hungry in Vegas is hard to do.

History: Las Vegas and its immediate surroundings are known for their deep historical roots. From Native American history to the history of the Wild West, this area is rich in historical cultural offerings.

Living in Las Vegas offers homeowners the best of all worlds. The city's offerings for homes range from simple single-family residences to upscale mansions and condos to fit just about every budget. Homes here can range in price from a modest $100,000 to more than $10 million. It all depends on the kinds of listings a person is looking for.

Commercial property in Vegas is what anyone would expect with the casinos thrown in. Business opportunities abound for investors and residents who simply want to make a living serving the people who not only call Vegas home, but also those who visit the Strip.

There are a number of places to go to check out Las Vegas real estate listings. When you do, it's a good idea to have a price and a location in mind. Know what you're looking for size wise and shop around. This city offers some great deals on property, but it pays to do your homework first. Offering something for just about every price range, Las Vegas is more than a place to come and gamble, it's a city many proudly call home.
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