Las Vegas Mansions

What is a mansion? Do grandiose visions of stately residences with lush landscaping, sweeping staircases, and ballrooms dance come to mind? Perhaps you think of the luxurious house in the neighborhood, complete with lavish amenities like an infinity pool, wine cellar, four-car garage, and incredible views.  So what is a mansion? Let's explore the definition of a mansion and what makes a property a mansion. If your definition is based strictly on size, you'll find that there is no expert general. According to, a general rule of thumb is approximately 5,000 square feet; however, most Realtors© don't call a home a mansion unless it is 8,000 square feet. Merriam-Webster's  definition is even less definitive, stating that a mansion is "a large and impressive house: the large house of a wealthy person." What is considered a mansion? As for the mansion definition, real estate agents don't often use the word "mansion" in listing descriptions unless it's…

Read more about the article Don’t be Upset about 3% Mortgage Rates
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Don’t be Upset about 3% Mortgage Rates

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will increase further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates above 3% really mean? Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity Buyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into perspective. The graph below shows today’s rate in comparison to average rates over the last five years:As the graph shows, even though today’s rate is above 3%, it’s still incredibly competitive. But today’s rate isn’t just low when compared to the most recent years. To truly put today into perspective, let’s look at…


Luxurious MacDonald Highlands Homes

MacDonald Highlands is one of the highest points in the Las Vegas area. It is situated at the edge of the McCullough Mountains in Henderson, Nevada. Developed by Rich MacDonald, MacDonald Highlands is a 24-hour guard-gated subdivision of the MacDonald Ranch Master Community. MacDonald Highlands is 3 miles South of I-215 and offers spectacular views of Henderson and much of the greater Las Vegas valley. Prestigious homes are clustered around Dragonridge Country Club. The distinctive course capitalizes on its desert setting, with canyon vistas, rock croppings, arroyos, and elevation changes highlighting its design. While most homes are single-family custom designs, the gated community also offers luxury townhouses and condominiums. Below is a list of available homes in MacDonald Highlands. Please bookmark this page as the available real estate listings will update daily.  To schedule a private showing please call/text Courtney Kohler at 702-600-5996. MacDonald Highlands Real Estate   Are you looking to buy your…


7 Reasons to Own a Home

7 Reasons to Own a Home 1. Tax benefits. The US tax code lets you deduct the interest you pay on your mortgage, property taxes, and some of the costs involved in buying a home. 2. Appreciation. Historically, real estate has had a long-term, stable growth in value. According to the National Association of Realtors, median single-family existing-home sale prices have increased on average 5.2% each year from 1972 through 2014. The number of US households is expected to rise 10-15% percent over the next decade, creating continued demand for housing. 3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home. 4. Savings. Building equity in your home is a ready-made savings plan. When you sell, you can generally take up to $250,000 ($500,000) for a married couple) as gain without owing any federal income tax. 5. Predictability.…


How to Buy a Short Sale

Purchasing a short-sale home can be an excellent way to stretch your home purchase budget. However, it can definitely make the home buying process longer and more complex. Here you will find the basics of short sales, including details about how a short sale works for the seller, to help you decide if pursuing a short sale is worth the extra time and effort. What is a Short Sale? Simply put, a short sale may be authorized by the mortgage lender when the current property value is lower than the outstanding balance owed on the mortgage. For example, if a homeowner has an outstanding mortgage balance of $500,000 and the current market value of their home is $450,000, they would be short $50,000 - that's where the term 'short sale' comes from. For a short sale to happen, the lender must consent to the process and agree to accept less than the outstanding balance on…