Arina S. Hanciulescu

While the overall housing market is in bad shape, wealthy American and foreign buyers are still willing and able to pay huge prices for lavish properties. By Prashant Gopal, BusinessWeek

But what is a luxury property? A luxury property price in the one part of the country may not be able to buy a modest property in another. So price alone is a poor description of a luxury properties. All luxury properties specialists seem to agree on is that location is a key ingredient to desirability. Location is often a reflection of lifestyle, a key component in the luxury homeowner's decision making process.

The most critical aspect to a luxury home is quality. Luxury homeowners demand and deserve the very highest quality home that money can buy. A luxury property then can be best described as a home that offers the highest quality location, floor plan, amenities and lifestyle to owners within their community.

The bottom line is that there is no single definition for the luxury home market. It varies from market to market and even within individual market segments.

The luxury homes market was once a tiny percentage of overall sales but today is a fast growing market segment that has gained increasing momentum over the past several years. Specifically in Las Vegas High Rise Market. There are many projects in the construction, proposed, planning, or in-progress phases on or around the Las Vegas Strip. There are many more projects in the pipeline that will continue to change the Las Vegas Landscape.

There are 2 basic market segments of the Las Vegas Real Estate.

• The single family home market.
• The Las Vegas High Rise market.

Las Vegas has led the nation for the over last year in a row with the highest foreclosure rate in single family homes. But that has not happened to the Las Vegas High Rise market. Comparing the High Rise Condo market here in Las Vegas with the Single Family market is like comparing oranges to apples. They are complete opposites. Not only are they complete opposites but they also are preforming in two different ways right now and will always stay that way. Despite what the national news says on a daily basis about the housing market the Las Vegas High rise market is one of the strongest Real Estate sectors in our country and perhaps the world for that matter.

Developments currently completed or under construction include Sky Las Vegas, Allure, Panorama, Trump Tower, One Queensridge Place, Turnberry Towers, MGM City Center, Cosmpololitan and MGM Residences. Among the urban village, mixed-use developments are Sullivan Square, Brickwater, The Mercer, Boca Raton, Echelon... Las Vegas is growing skyward with the addition of many high rise towers as well as urban lofts and multi-use developments.

Developers have come from around the world to re-shape Las Vegas vertically. Luxury urban living is a growing trend where less is more and being located downtown or within walking distance of work & play is becoming more and more popular. When we talk about Luxury Living here in Las Vegas a few things come to mind.

1. Beautiful custom estates,
2. Amazing master planned communities with spectacular homes,
3. High rise Condos.

Living the vertically life of luxury here in Las Vegas has become more and more popular among the affluent Home buyers. I believe that if you can afford to buy a Las Vegas High rise Condo at the moment and are willing to hold on to it for at least 2 years you will have made one of the BEST investments in your life.

Check out the Trump Towers, Panorama Towers, Boca Raton Condos, The Meridian and more. Visit our main condo web site at Las Vegas Condos for the latest updates.

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

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The dollar has fallen sharply, about 30 percent, against the Euro during this past year. The dollar has also fallen in recent months against the British pound, the Japanese yen and many other currencies, but as much as it fell against the Euro. The world now is actually on a two-currency standard -- the dollar and the Euro. China in effect has fixed its currency to the dollar for the last two decades, and the Japanese central bank only allows the yen to fluctuate within a limited range against the dollar,,, It is a timely opportunity for the international investors to direct their attention to the US Real Estate Market.

Las Vegas in particular with all the luxury High Rise Condos developments attracting more and more the foreing investments in the Real Estate Market today. The surplus of inventory and "move in" dead lines offers luxury properties at bargain prices. Foreing Investors are scooping up the market... And why not? It is a perfect opportunity to invest with strong currency in a soft market.

In this unique environment we see a growing opportunity for the real estate market to reach new level of improvement in Las Vegas for the upcoming months.

Currently there are several completed High Rise Condos ready for move in, both on and off the strip.

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

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Have you ever seen such a beauty? - Beautiful blooming tree on Magnolia Street - LARKSPUR, CA

Somewhere in my childhood I had a beautiful image of a Street named "Cherry-Tree Lane " "If you want to find Cherry-Tree Lane all you have to do is ask the Policeman at the cross-roads" ... Merry Poppins

Since then I was always looking for that magic street where glorious trees would explode into hundreds of pink shades in the spring time...and I found it! The street name this time is Magnolia Ave. and goes across a small obscure town in Marin County - San Francisco - named LARKSPUR.

Incredible display of beauty along a large street of @ 2miles. Incredible at this time of the year. They come in all shapes, colors and sizes.

This is a tree the oldest and biggest tree in town... impossible to catch the beauty and size of it in a simple picture.

I share few pictures with you and hope to give you a small glimpse of the beauty and magic of the place... It is pure magic

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

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You can buy a foreclosure at three stages in the process: preforeclosure, at public auction, and postforeclosure, at which point the property has been foreclosed upon and taken back by the lender (these orphans are known in the business as "REO" for "real estate owned").

It's important to realize when talking about pre-foreclosures, we are talking about acquiring the property any time before the public auction sale. The sooner you contact a homeowner in pre-foreclosure, the more time you have to structure a deal and purchase the property.

Pre-foreclosures focus on the first step, where the owners of the property are still in control of the situation. If the owners can satisfy the delinquency, the foreclosure process comes to a halt. What some savvy investors do is to contact these owners to see if they would like help. This help usually comes in the form of selling the property to the investor for a very low price, but it keeps them from being foreclosed upon and they can usually walk away with a few thousand.

Equity is the Key
The first step is to determine if there is any equity in a home. If they've owned the property for a short period of time, chances are there is little equity unless they put a large amount down. If there isn't a lot of equity, there isn't much reason to spend time working up this property as the equity is where you're making your money.

• You need to do a little research to determine if there are other liens on the property that will have to be subtracted from the equity. Tax liens are biggies and can usually be determined from a search on the County Recorder's website or County Assessor's site.

Face Time
The next step is to contact the owners. Don't forget, there are a lot of people like you doing the exact same thing, so they are going to get a lot of calls. Stand out by being the one who shows up.

• Here's the math you're working toward. Pay off the mortgage, catch up all back payments as well as any other lien that may be on the property, pay all the closing costs, and have the owner walk away with some amount of money ($2,000 to $10,000).

Additional NOTE

The following documents are necessary and accompanied with a brief explanation: This chapter was contributed by Gerald Romine. http://www.azpig.com/ , gerald@azpig.com

• Standard Purchase and Sales Agreement & Escrow Instructions:
  This document sets forth the terms of the sale.
  
• Authorization To Release Information:
  This document allows us to contact the bank, discuss the property and the loan, and work out payment/payoff arrangements.
  
• Letter Of Agreement and Addendum:
  This document clarifies that we will do our best to stop the foreclosure, but are unable to make any guarantees. We will not make promises we are unable keep.
  
• Warranty Deed To Trustee:
  This document conveys ownership of the property. Must be signed before a notary.
  
• Agreement and Declaration Of Trust:
  This document creates the land trust. A land trust is nothing more than an entity we use to title the property and keep our name off public records.
  
• Letter That Trustee is Making Payments:
  This letter is used when taking property "subject to" and notifies the lender that payments will be coming from a trustee.
  
• Escrow Letter:
  This letter instructs the lender to apply to funds in any escrow account to the loan balance when the loan is paid in full. There is no guarantee the lender will comply with the instructions and they may send the escrow proceeds to the original borrower.
  
• Special Power of Attorney:
  Applies only to the property and is used to handle any situations that may arise. Must be signed before a notary.
  
• Residential Real Estate Disclosure:
  Discloses any defects in the property and prevents parties from saying, "I did not know about that defect." Complies with state law.
  
• Hardship Letter:
  When dealing with foreclosures, the lender normally requires a letter from the borrower explaining their hardship and why they are unable to make the payments.
  
• Financial Statement:
  Before discounting a loan and taking a known loss, the lenders will want to review the original borrower's financial statement and make sure the borrower does not have the ability to repay the debt now or in the foreseeable future.

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

Related terms: las vegas real estate, las vegas buy real estate, las vegas real estate agent, las vegas buy and sell real eatate, homes for sale in las vegas, las vegas sell real estate, lasvegas real estate, homes for sale in las vegas, summerlin nevada real estate, summerlin, real estate agent las vegas, Las Vegas Condos - Luxury Condos - Las Vegas High Rise Condos, las vegas board of realtors, real estate listings las vegas, agent las vegas real estate, the truth on las vegas real estate, homes for sale in las vegas nv, nevada las vegas new homes, residential real estate listings las vegas, las vegas homes for sale, summerlin real estate, vacation homes in las vegas, henderson homes for sale, Condos - Las Vegas Condominium Sale - Condo in Las Vegas - Las Vegas Luxury High Rise Condos - Condos for Sale - las vegas real estate companies, new homes in las vegas, homes for sale las vegas.

Believe it.... Cher takes the stage at The Colosseum at Caesars Palace with a production spectacular that will leave audiences in awe.

I'm a huge fan, and it's great to see her finally getting the attention she so richly deserves.

Cher isn't just a sexy, sensationally talented diva. (Although she's definitely that!) She's also a survivor. Through more than 30 years in the entertainment business, she's seen it all--the highs and lows, the ups and downs. And through it all, she's held her head high and always come out on top. We can all learn a lesson from her.

And Cher's greatest role of all: mother. Through all her trials and tribulations, she has always been there for Chastity and Elijah. And she has stood by Chastity, regardless of her sexuality. You've got to admire a woman who never loses sight of the fact that family is the most precious gift of all.

If you were a fan of the previous performer of the Colosseum, Celine Dion, and you like the big production shows, Cher at the Colossuem will probably be the must see show for you. Cher will perform a 90 minute set that should take far back to the Sonny Bono years as well as drop you onto that huge aircraft carrier where you saw more Cher than you ever thought you could see on network television.

Starting on May 6 Cher will share the Colosseum at Caesars Palace with Elton John and Bette Midler as she will perform 4 shows a week, Tuesday, Wednesday, Saturday and Sunday in her first run and then again in August.

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com