Kirk Sanford News

The most recent interesting real estate trend in Las Vegas is that Las Vegas is going green. MGM City Center was the first LEED certified project in Nevada and there is now a collection of Las Vegas homes that are following suit.

The best project for green, gorgeous homes at the moment is the Marquis Las Vegas project. They were actually chosen by the National Association of Home Builders as the New American Home 2009. Located in an ultra-exclusive neighborhood off of Tomiyasu Lane that has been home to Wayne Newton, Mike Tyson, the Sultan of Brunei and others, this area offers properties as large as 40 acres.

The area contains several of Nevada’s most expensive properties, including estates ranging to more than 40 acres, but is just minutes from the Las Vegas Strip and Downtown. The energy for the homes is solar and solar thermal and each home is expected to run on natural gas and electricity. If you select the Smart House Package, your home will also be fully equipped electronically. You’ll spend two weeks with Microsoft, programming your home for your comfort and lifestyle!

Certainly, this project is a dream-come-true for private home buyers or companies such as Sightline Acquisition with Kirk Sanford. Anything is possible in Las Vegas!

Certainly, many real estate agents, investors and companies such as Sightline Acquisition with Kirk Sanford, are interested in the changes in the real estate market in Las Vegas. Henderson is the 2^nd largest city in Nevada and the US Census says that it is the fastest growing large city in the United States.

Interesting enough, Henderson is the home to the first large planned community in southern Nevada, Green Valley. At the moment, Henderson has 25 planned communities with even more planned. It’s a wonderful location for school age children, as it has a number of great private schools. It also has one of the lowest property tax cities in Nevada. It’s also ranked as the third best place to retire in the United States.

It will be interesting to see how Henderson continues growing and to watch the real estate market in this area.

It seems like Las Vegas is offering more than just gambling today.  Take the family on a Vegas vacation and see just how much is going on in the city.  Many of the hotels these days boast attractions for all ages, such as the Mandelay Bay Shark Reef, where no-one is likely to walk away less than fascinated.  You will be privy to an all-encompassing aquatic experience, observing over 1,200 different species including sharks!

With just a little research, you will soon see how fast new attractions and facilities are developing in the city.  This will have you wanting to book your next vacation there right away, or even consider the possibility of relocating, given the great quality of life it can offer.  Such news is great for individuals like Kirk Sanford, real estate investor and CEO of Sightline Acquisition Corp.

If you are using Vegas to take a break from it all and are craving a little time away from the kids, the city also offers many quality child care options.  For the older kids who want time away from you, there are plenty of larger-than-life pool areas as well as child-friendly arcades.  So don’t be fooled into thinking Vegas is simply a gambling city and nothing else – the city can really offer something for everyone.

In a recent article, CNNMoney.com listed Las Vegas, Nevada as 41.40% undervalued and they said that it was the most undervalued city in the United States at the moment. This statistic is particularly interesting in light of the article that they wrote in 2006 where they said that Las Vegas was 38% overvalued.

The criteria they used to judge a city’s value included median home prices, local interest rates, population densities and income, and historical premiums or discounts that the area has shown over time.

This is certainly good news for companies like Sightline Acquisition Corp. with Kirk Sanford and others who have their sights set on the Las Vegas real estate market.

With the recent economic downturns, those looking to buy a home can, very possibly, get a good deal. Many people have their sights set on purchasing a home from a foreclosure or from a short sale. But, is this really the best way to buy a home?

A short sale is a negotiated settlement between the bank lending the money and the seller, whereby the bank agrees to reduce the amount owed to payoff the home loan. It saves them from foreclosing on the home and it offers a potential buyer the chance to buy the home for a reduced price.

There are, however, a number of pitfalls with this process. A short sale can take a very long time to process, as the bank may take between 30 days and 6 months to approve of the short sale. Each bank has its own process, and it’s very important to make sure that you understand how the bank in question works and what the timeline will look like. You may want to involved a real estate lawyer, or someone in the know, in the process as well to streamline everything and make sure that your needs are met.

While most people certainly see the economic issues and the rates of foreclosures in areas like Las Vegas to be negative, there are those who are benefiting from these current events. Home Builders Research President Dennis Smith says, for instance, that the good news is that housing prices in Vegas have become quite affordable.

This affordability, alone, should increase home sales and boost the real estate market a bit. As Smith reports,”We’re still going to sell some new homes. We still have people retiring. Yuppies are retiring and moving here for tax reasons. Being in the Southwest, because of our better weather, there’s always going to be people moving here.”

In addition, companies and individuals who can afford to do so are helping to regenerate the real estate market by purchasing foreclosed real estate and other properties. Such companies, like Sightline Acquisition with Kirk Sanford, and others, help to rejuvenate the economy in Vegas and bring people back.

While Las Vegas has certainly been hit by the economic downturns in the last year, it is starting to show some recover. One example of this recovery is the new CityCenter project being built by MGM Mirage. With a total price of 9 billion dollars, CityCenter is employing 8 well known architects and many urban planners for their Las Vegas strip location.

One thing that makes CityCenter particularly unique is that it’s aiming to be the first and largest LEED certified project in Vegas. As part of CityCenter, there will be three residential buildings.

This economic and real estate rejuvenation is good news for Las Vegas real estate investors such as Sightline Acquisition with Kirk Sanford, the Prominent Realty Group and many others.

Certainly, whether you are shopping for a new house or wondering about the value of your current one, it’s helpful to know what the market will bear. Individuals, and companies such as Sightline Acquisition started by Kirk Sanford, want to know where to invest their money.

One new interesting study points to the walkability of the neighborhood. A company called ceoforcities.org has created a report showing that home values go up as the walk score in a neighborhood ascends. The walk score shows how walkable a neighborhood is.

They found, for instance, that each additional Walk Score point adds somewhere between $500 and $3000 to the value of the home. Walkability helps homeowners because it allows you to reduce your car dependency, cut transportation costs, and help the environment.

Community leaders are hopeful that the depth of the recent economic crisis in Las Vegas and Southern Nevada will motivate politicians and local government to finally take steps to assure that the economy begins the crucial, stabilizing move to diversification.

The Lied Institute for Real Estate Studies, an affiliate of the University of Las Vegas, presented a report based on the opinions of 70 local businessmen, politicians and academics. There was no question, according to the experts, that the road to diversification is the road that is needed to be taken.

It was noted that the Las Vegas Convention and Visitors Authority spends about $90 million each year to promote the resort industry all over the world, but the Nevada Economic Development Commission only spends about $6 million each year attracting businesses to the area.

Kirk Sanford is one of those rooted and invested in the strength of the economy of Las Vegas and its surrounding areas. As an investor in real estate in Southern Nevada, it would benefit Kirk Sanford along with other local businesses for the economy in the region to weather the storms of economic crisis with stability and resilience.

According to the opinion of 70 leaders in the community of Las Vegas and Southern Nevada, economic diversification is an idea whose time has finally come to the area.

In a report entitled “What Happened? What’s Next? Can We Hit the Reset Button?” academics, business leaders and politicians expressed their views, coming on strong on the side of diversification as a stabilizing factor in the health of the economy.

The report was conducted by the Lied Institute of Real Estate Studies, which is part of the University of Las Vegas. The bad news is that in order to get to the goal of a healthily diversified economy, more money must be spent, especially on public education K-12 and higher education, too. Why is improved education so crucial? According to John Restrepo the principal of a consulting group, in order to attract a larger variety of businesses into the area there must be a higher quality workforce available to fill the positions new businesses would create.

As a member of the business community in Las Vegas and Southern Nevada, Kirk Sanford would certainly like to see greater diversification and stability in the local economy as well as a strong recovery nationwide.