Merry Christmas

‘Tis the season to be jolly, and what better way to celebrate than by making your real estate dreams come true this Christmas? Whether you’re a buyer or a seller, this time of year can offer unique opportunities and advantages in the housing market. So, let’s unwrap the gift of real estate this holiday season! For buyers, Christmas can be an excellent time to find your dream home at a reasonable price. As the weather cools down, so does the competition. With fewer buyers in the market, you may have an advantage negotiating a better deal. Additionally, sellers who have their homes listed during the holiday season are often motivated to sell before the year ends, giving you an opportunity to secure a great deal. Moreover, sellers can also benefit from listing their homes during Christmas. Although the number of potential buyers may decrease, those who are actively searching for a home during this time are typically serious about making a purchase. This means you will likely encounter motivated and qualified buyers who are ready to make a move. Furthermore, a festive atmosphere can make your home feel warm and inviting, potentially attracting emotionally connected buyers. So, don’t be afraid to deck the halls and create a cozy ambiance that will charm potential buyers. While the holiday season can be busy with family gatherings and gift shopping, it's crucial to remember that the real estate market doesn't go on vacation. If you're a buyer or seller, it's essential to work with a reliable real estate agent who can guide you through the process during this festive time of year. So, whether you’re looking to buy your first home, upgrade to a larger space, or downsize for a cozier lifestyle, this Christmas season might just be the perfect time to make your move in the real estate market. Take advantage of the lower competition, motivated sellers, and the warm and inviting atmosphere that this time of year brings. Don’t wait for Santa to grant your real estate wishes – go out there and make them come true for yourself! Merry Christmas and happy house hunting!

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Experience Luxury Living at its Finest: 4617 Velvet Crest Lane, Las Vegas

Are you ready to experience the epitome of elegance and comfort? Look no further than 4617 Velvet Crest Lane in Las Vegas, Nevada. This stunning home, located in the Southwest, offers a unique blend of luxury, architectural mastery, and ample living space. With a listing price of $1,085,000, this property is truly a gem in the real estate industry. Situated within a 20-home enclave on half-acre lots, this residence offers the perfect balance between privacy and community. Boasting 4 bedrooms and 5 bathrooms, this home provides plenty of space for both relaxation and entertainment. With 4,335 square feet of living space, this architectural masterpiece allows you to indulge in a lifestyle filled with opulence and grandeur. As you step inside, you will be greeted by the grandeur of 24-foot ceilings in the kitchen and great room. This creates an atmosphere of sophistication and elegance that is perfect for hosting guests or spending quality time with your loved ones. The open floor plan allows for seamless flow and creates a sense of spaciousness that is truly breathtaking. One of the standout features of this property is the attached casita, which features a private courtyard entrance. This flexible space can be customized to suit your needs, whether it be a home office, a guest suite, or a private retreat. The possibilities are endless. In addition to the luxurious interior, this home offers unique amenities that set it apart from the rest. The huge bonus loft provides additional space for entertainment and relaxation. Whether you envision a game room, a home theater, or a serene reading nook, this loft can be transformed to suit your desires. For those who enjoy staying active, the half basketball court is a fantastic addition to the property. Imagine shooting hoops with friends and family, or staying fit with your own private court. This feature adds an extra element of fun and recreation to this already incredible home. Furthermore, the generous half-acre lot offers ample outdoor space to create your own personal oasis. Whether you envision a beautifully landscaped garden, a pool and spa, or a tranquil outdoor living area, the possibilities are endless. The only limit is your imagination. To make this dream home even more enticing, the listing includes an incredible offer of 25K towards rate buy down or closing costs. This makes the prospect of owning this exceptional property even more within reach. Embark on a new chapter of living in this exceptional home. Embrace the luxury, elegance, and comfort that 4617 Velvet Crest Lane offers. Don't miss out on this opportunity to own a true architectural masterpiece in Las Vegas. Luxury living awaits you.

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Mortgage rates today: Wednesday, November 29, 2023

Mortgage rates today: Wednesday, November 29, 2023 On Wednesday, Nov. 29, 2023, the average interest rate on a 30-year fixed-rate plunged 21 basis points to 7.056% APR. The average rate on a 15-year fixed-rate mortgage dropped 15 basis points to 6.38% APR, and the average rate on a 5-year adjustable-rate mortgage went down three basis points to 8.04% APR, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 19 basis points lower than one week ago and 54 basis points higher than one year ago. A basis point is one one-hundredth of one percent. Rates are expressed as an annual percentage rate, or APR. Why mortgage rates change every day As seen in the mortgage rates chart above, mortgage rates go up and down daily. They move up or down according to what's happening in the broad economy: changes in inflation expectations, job creation and overall economic growth. Rates tend to rise when the economy is strengthening, and they tend to fall when the economy is weakening. NerdWallet’s daily mortgage rates are an average of the published annual percentage rate with the lowest points from a sampling of major national lenders. The APR is based on the interest rate and includes mortgage origination fees and discount points to indicate all of the costs of getting the loan. Personalized versus average interest rates You'll almost certainly end up with a different interest rate than you'll see quoted on mortgage lenders’ websites. The reason is that your rate will be personalized according to your circumstances. The rates advertised on websites usually assume that you're using the loan to buy a primary home, that it's a single-family house, that you're making a substantial down payment, that you're paying closing costs out of pocket and that regulators consider it affordable. If your circumstances differ, the interest rate will, too — for example, if you're refinancing instead of buying a home, or it’s a condominium instead of a house, or you're making a down payment of less than 20%, or you're rolling some of the closing costs into the loan amount, or the monthly payments will take a bigger-than-usual bite of your income. The lender will gather these details when you apply for a mortgage preapproval and will provide an estimate of a personalized rate. Advertisements often assume a credit score of 740 or higher. If your credit score is lower than that, the interest rate might be higher. How your credit score affects your rate Your credit score influences your mortgage interest rate. Lenders call it “risk-based pricing.” A higher credit score indicates a lower risk that you’ll default on a loan — so you get a better interest rate. The lower your credit score, the higher your interest rate. When you should lock your mortgage rate A mortgage rate lock is your lender's guarantee that you will pay an agreed-upon interest rate if you close on the loan by a specified deadline as long as there are no changes to your application. A rate lock means your rate won't change between the day you lock the rate and the day you close — no matter what happens in the market. You may lock the mortgage rate after you have been approved and up until a few days before the scheduled closing date. As far as timing goes, forecasting rates accurately is impossible. It's best to lock when you are comfortable that you can afford the monthly payments at that interest rate. Rate locks have an expiration date. If you don't close on the loan before the rate lock expires, you might get stuck with a higher interest rate. Today’s rates for specific kinds of mortgages Mortgages come in various terms (the number of years it takes to pay off the loan) and types (such as conventional, FHA, VA, jumbo). Fixed-rate mortgages keep the same interest rate throughout the term; with adjustable-rate mortgages, interest rate changes over time can make monthly payments go up or down. The most common terms are the 30-year fixed-rate mortgage, the 15-year fixed, and the 5-year adjustable-rate mortgage.   

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