Kirk Sanford News

Kirk Sanford, CEO of Sightline Real Estate, is probably quite up to date on the Las Vegas real estate market.  Apparently, research has shown that “over 1/3 of second homes are being bought in urban areas, and Las Vegas is one of the top cities to buy in.”  As well, what has traditionally been downtown and Strip areas are now becoming “urban high rise lifestyle centers.”  This is definitely good news for a business real estate man like Sanford.

Las Vegas Land and Kirk Sanford

But what a guy like Kirk Sanford should also be aware of is that there actually is not as much vacant land in Las Vegas available as one might originally think.  When you go into Las Vegas, you imagine that there is indeed much vacant land, as you drive through the city’s stunning, wide landscapes.  This is probably because the federal Bureau of Land Management is the proprietor of the bulk of land in Las Vegas Valley, thus there is only a minimal amount (20%) that is split between the hands of private owners.

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.

Those in Vancouver who love casino playing will have more reasons to smile soon. Vancouver’s BC Place Stadium will soon have a new, 680,000 square foot entertainment complex with a 107,000 square foot casino! The casino will certainly be British Columbia’s largest ever and is expected to be completed in 2013.

The casino estimates gaming revenues of up to $130 million and it expects to create 3200 direct jobs, and 2200 indirect jobs during construction, with 1900 direct and 1300 indirect jobs when the casino is up and running.

Certainly, the construction of a new casino is always a positive sign for the economy –and great news for companies such as Sightline Payments with Kirk Sanford and many others in the gaming industry.

Sightline Payments run by Kirk Sanford offers a huge range of cash access and ticket redemption solutions. Such products include their “Integrated SmartBox” software, their cash advance kiosks, their “Integrated SmartBox” ATM, their partnership with Certegy, their SmartStation product and more.

Taking a look at just one of these products will give you the sense of the scope of their business offerings. Their “Integrated SmartBox” AMT allows patrons to perform ATM and Credit & Debit Cash Advances on a variety of ATM types. Most patrons are faced with daily limit turn downs, since most daily ATM limits are $300-$500. Integrated SmartBox ATM software allows the patron to get a debit or credit cash advance when they’ve received a turndown message.

Sightline Payments offers cash access and ticket redemption solutions that far outpace other solutions within the gaming industry. Their motto is to offer better products and better service for less money.

Founded by CEO and President Kirk Sanford, Sightline Payments includes a streamlined approach to delivering their product lines. They have “Integrated SmartBox” software that can run on ATM and ticket redemption devices and other similarly convenient offerings.

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.

Some people have the pleasure of enjoying wines in a restaurant – others, however, have the unique privilege of making their own delicious varieties. Kirk Sanford, of Sightline Acquisition Corp., has this ability. His family enjoys producing their own wines through their vineyard, called Valley View Vineyards.

Situated on eight acres of ideal wine-growing land, the Valley View Vineyards offer the perfect location to produce top-notch wines. While they don’t choose to sell their wines, the Sanford Family enjoys their productions themselves, and offers them as gifts to friends and charities.

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.