Las Vegas Real Estate

Over the last month or so i have received an increasingly large amount of phone calls from High rise Condo buyers who are not in a position to close escrow on their vertical property’s for one reason or another. I have encountered people who can’t qualify for the loan and people who can qualify but don’t want to close. There are so many different situations that people are in that it just doesn’t make sense. I have had people call and tell me one thing and others tell me the complete opposite. If you are in this situation you first need to read your sales contract thoroughly, then contact the sales department at what ever development you have a property under contract at. In my experiences the developers are more than happy to help people out in these types of situations to the best of their ability. Once you have talked about your situation with a development representative you will have a clearer understanding of what your options are. After you understand what options you have it will make things easier on yourself and you can work on things from there. The #1 problem that i have been hearing from people in these types of situations is that they either can’t close escrow or they can close but don’t want to pay a high down payment. One solution that some developers are allowing people to do is to do a contract transfer or assign their contracts to someone else. This is only an option for people who have been specifically told by their developer that they can do this and if you haven’t been told this then your not allowed to do so. I have helped several people who have gotten the OK from the developer to do a contract transfer but the task has not been easy. People who can’t close on their High Rise Condo need to understand the quicker they take action and speak to the developer about their situation the easier it makes it on everyone. Now on the positive side of this equation if you are able to close and don’t have a problem with paying a little higher of a down payment than a traditional style loan then you are in a great position. The reason you are in a great position is that you can pick up property’s at 2005 &2006 prices which means instant equity for you. This is only a good idea if you want to buy a High rise Condo and don’t want to pay 2008 prices and also you have the opportunity to pick up some very prime unites with some of the best views in town. Like i mentioned earlier i am currently working with several people who can’t or don’t want to close on their Condos so if your interested in this type of deal i can be of help to you. I have access to Palms Place and Trump International Condos that are way below what the developer is selling their Condos for because like i said these property’s were put under contract a few years back during pre construction phases of the developments. Contact me today to learn more about how you can pick up a High rise Condo at 2005 prices in 2008

There are some amazing deals at Panorama Towers. One of the deals that caught my eye is a one bedroom condo located in building 2 on the 8 th floor with 733 sq ft of living space.this condo is ready for you to move in and enjoy the spectacular views and experience the lifestyle Panorama Towers has to offer. Panorama Towers offers its residences many amenities like 24/7 Valet service,fully equipped Gym including yoga and Pilate’s area,concierge service, conference and meeting rooms just to name a few. This condo located at one of the hottest high rise developments in town and wont last long click here to view detailed information about this Panorama Towers HOT deal for more information on other Luxury high rise condos visit www.TheView99lv.com or visit www.makeaturnercbw.com

Great deal at SKY Las Vegas this unit is located on the 13 floor with Amazing Views of the City and rocky mountain ranges to the east. This condo is has 1 bedroom 1 bathroom is a 778 sq ft. This condo is the the lowest priced condo in the building. Sky Las Vegas is the first Luxury high rise condo located directly on the world famous Las Vegas Strip. Amenities include pool, spa, cabana, sauna, steam, theater room,billiards, business center, fitness,racketball, putting green 24/7 concierge service and valet parking for more information about this amazing deal that wont last click here for information on other las Vegas Luxury high rise condos visit www.Theiew99lv.com

Check of video tour of Sky las Vegas

Sullivan Square is a Mixed Use development located at Durango and the 215 beltway. This 16 acre planed development will have 1,300 High/Mid rise residential units, 45,000 square feet of retail and office buildings, and a central park. Over the last few months their has been a growing concern among construction contractors and home owners that are involved with Sullivan Square because of talks that the development might not go up. According to a lawsuit, filed in Clark County District Court by one of the developments partners GSG, alleges breach of contract by Harcourt Nevada , a 60% Partner in Sullivan Square, for failure to perform funding obligations and breach of fiduciary duty. GSG’s Lawyer John Manly says “Essentially, Harcourt is pushing Glen, Smith & Glen out of the project and they intend to build it themselves,” the California lawyer said. “It amounts to economic bullying.” This is bad news for anyone involved with Sullivan Square because the allegations in the filed lawsuit can only bring on one thing and thats a Hold Up in the Finishing of this project which anyone familiar with Construction or Land Development knows is a big deal. Click here to read the whole article by Hubble Smith a reporter for The Review Journal

Last night on our local news i watched an interesting story about how Las Vegas MGM Grand Signature Towers is being sued by Condo owners. This lawsuit has been going on for several months now and it is no surprise that there have been allot of disgruntled buyers of MGM Grand Signature Towers Condos. The lawsuit alleges that the buyers were mislead by sales staff when they purchased their condos and a stipulation in the contract specifically covered MGM in case a sales agent made a promise that held no merit. MGM is now having to have this lawsuit go before a jury to find out whether or not the Condo buyers were in fact mislead into purchasing Condos with in MGM Signature Towers by promises of extremely high financial gains. This is a perfect example of why any High rise Condo buyer must have proper representation before they even consider purchasing any style High rise Condo, whether it be a Vacation home, Primary residence, or Investment like a Condo Hotel. The Condo buyers in the Lawsuit said they had promises made to them by sales representatives that stated they would receive higher nightly rates than what they are now currently receiving by having their condos enrolled in the MGM resort rental program. People have to keep in mind that nobody can make you any type of promise as to what you will receive in the future because no one can control what happens in our daily lives like WAR, economical down turns, tourist trends, and especially future nightly room rates & if they do make you an outrageous promise run and run fast. If you are interested in buying a High rise Condo for what ever reason i can guarantee you only 1 thing and that is you need to be represented by a professional who understands what your needs are and has your best interest before anything. The disgruntled Condo buyers that have this on going lawsuit with MGM must not have had proper representation because it was said that they purchased their condos form any were between $600K-$800K and were promised nightly rates to be $300 + per night. Now with that said lets do some simple math to figure out if this would have even been a halfway decent investment, lets say they got extremely lucky and their condo was rented out every night for $300 which would equal $9000. The average cut for a condo hotel is 60-40, 60% going to the owner and 40% going to the resort, this is not to bad because you would be left with $5400, but this would mean your condo was rented out every single day of the month which is highly unlikely. Lets cut the number of days your condo was rented by half which would mean that it was only rented for 15 days out of the month. This would total $4500 and now subtract the 40% and it would leave you with $2700 and i don’t think that their mortgages were any were close to that with purchase prices of $600K-$800K do you? Like i stated earlier in this post it is a MUST you have proper representation when purchasing a High rise Condo for what ever the reason.

I have a client who has a Trump Studio and is not able to close. We are looking for some one who can close quick time is running out for my client she is also selling for less then what she put the unit under contract for. This unit is priced at 549,000 which is 150,000 less then what the development is selling for. This unit is located on the 26 floor this amazing studio faces the Wynn Resort and golf course, Wynn Encore and the brand new Palazzo. These breath taking views are some of the best in town. This studio comes fully furnished with the highest quality materials such as Italian marble floors, seamless glass shower, granite counter tops and so much more. Take advantage of the Trump brand by enrolling your Trump studio into the resort rental program and share in the profits with Donald when your not using your Studio. Don’t let this deal pass you by its the best priced studio available at Trump Click here to view current inventory
For more information about this amazing Trump studio visit www.TrumpTower2609.com or for information on other luxury High rise condos visit www.TheView99lv.com or call me direct 702 542 1883

Check out the video tour of this studio

Today on the Las Vegas Sun I read a article about the number of construction deaths in the NEW High rise Market within the last 16 months the amount of deaths while working on these developments have exceeded the total reported for the entire 1990’s building boom. I am completely 100% behind the NEW Vertical High rise market here in Vegas but I believe in safety first and I also believe that if these construction sites were not as crowded,the construction workers had the right supervision,proper training, and if they weren’t forced to rush and cut corners there would be would be 9 less lives lost I do not agree with the idea of canceling these projects but i do believe that safety comes first my heart goes out to all of the people who has lost there lives and to there family that they left behind I do not believe that the construction workers are to blame because they just like every one else have to pay bills and sometimes we do things that we may feel right but we still do it just to make ends meet. Click here to read article in the las Vegas Sun and take a look at the video that is on the page and also the construction map that gives information on each victim,the development they were killed at,what happen, OSHA investigation and the follow up.

So what are your thoughts about the NEW Vertical community here in Las Vegas
for more information on the Las Vegas Luxury high rise community visit www.TheView99lv.com
or visit www.MakeaTurnercbw.com

There are some great deals here in Las Vegas on Luxury High rise condos/lofts There was recently a $290,000 Loft style condo for sale at Newport Lofts and it was such an amazing deal I forwarded the information to one of my clients who is a doctor out of state and the very next day we put in a offer on that property it was a short sale and so we are still waiting on a response from the bank. There is another great deal at Newport Lofts That I feel has great potential to be a big money maker Its not another steal priced at 290,000 but This condo is located on the on the 11th floor it is 1,072 sq ft with amazing views of the world famous strip and rocky mountain ranges. Click here to view detailed information about this property.This property has so much potential just the same as any other loft style condo purchased at the right price and flipped with TOP of the line decor . There is so much that can be done to these lofts Take a look at the video tour of the development and let your imagination fill this loft with top of the line decor There are currently 26 Lofts listed for sale and people are wondering why they are not selling I have had several people contact me about this amazing development but they all say the same thing they like the development but they need some upgrades and just like most people they don’t wanna hassle with doing the work themselves. I have noticed that most buyers have a problem envisioning these properties finished with TOP of the line designs me personally I love the idea of being able to come in and put my unique touch to what ever it is that I’m involved in home, real estate business etc. Dont let another great deal pass you by visit www.TheView99lv.com for more information on other Las Vegas Luxury high rise condos or contact me directly for a list of some of the best deals on Luxury High rise condos here in Las Vegas

I read a great article this morning on the Las Vegas Review journal www.lvrj.com
The article was wrote by HUBBLE SMITH. It detailed a lot of great information about the current housing market here in Las Vegas and they spoke a little about the the future. Click here to read full article. for more information on Las Vegas Luxury High rise condos visit www.TheView99lv.com or to search homes that are available for resale Click Here.

This Condo at Turnberry Towers Las Vegas is Located on the 11 th floor with breathtaking views of the Las Vegas Valley this condo can be your today.There is a tenant in place the tenant pays more then $1,500 per moth in rent. This property has been on the market for several months it was originally listed at $499,000. Turnberry Towers is Located on Karen Ave Just minutes from the world famous Las Vegas Strip with world class entertainment,the finest dinning and shopping just around the corner. Click here to view more information on this property. Turnberry Towers is a guard gated community with 24/7 valet service. Amenities include Social Pool with sand beach, Gas BBQ’s, Gazebo with refrigerator,24HR CONCIERGE and so much more Click here for detail or contact me today to schedule an appointment to view this condo. For more information on other luxury High rise condos available visit www.Theview99lv.com