Can First Responders See Your Address In An Emergency?

When responding to an emergency, minutes matter. First Responders can lose precious time getting to the location where they are needed because they cannot locate the home or business due to address numbers that are not easily visible from the street. If you cannot see your address when you drive up to your home or business in the daylight, imagine how difficult it would be for emergency responders during the night. The Fire Board of the Bullhead City Fire District adopted requirements long ago (August 2003) that all new and existing buildings, including residential, commercial and industrial facilities, must...

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The Week Ahead 8/5/2019

According to Trulia, the median sales price for homes for sale in Bullhead City from May 1 to July 31 was $148,000, or $113 per sq. ft. Median rent per month is around $1,100. Trends in Bullhead City show a -5% year over year drop in median sales price and a 10% rise in median rent per month. LAUGHLIN RANCH NEWS Laughlin Ranch has been ranked No. 14 among the state’s best courses, according to the editors of Golfweek magazine. They rated the course based on the ease and intimacy of routing, variety and memorability of par 3s, 4s and 5s, basic quality of conditioning and the walk in the park test. The course is gorgeous and overlooks the area with beautiful views of the Colorado River, the Laughlin casinos and surrounding mountains. US Southwest is proud to say that we are now representing Colorado River Homes and are offering tours of our homes and lots in Laughlin Ranch. Our model home is at 2605 Shoreline Cove, Bullhead City. UPCOMING EVENTS On Wednesday, August 7, JP’s Pub and Grille is hosting an open mic night beginning at 8 p.m. Black Mountain Bistro is hosting Paint, Palette, & Pinot on Saturday, August 10 from 2-4 p.m. for just $30 per person. All proceeds benefit the River Valley Artist Guild. If you’re looking for Trivia, JP’s Pub and Grille hosts Trivia...

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Real estate professionals hear about area development at lunch session

BULLHEAD CITY — The Bullhead City/Mohave Valley Association of Realtors devoted a lunch-and-learn session to economic development on Wednesday. Representatives of local government and the Bullhead Area Chamber of Commerce told local real estate professionals that often they are first people newcomers meet in the Tri-state, so they shared information with this group and encouraged them to offer it to people they encounter while attempting to sell homes or other real estate. About two hours of information was provided to help real estate people be goodwill ambassadors — especially when they are asked questions about the community and local...

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Rising Sales in Subdivisions Offer Positive Outlook For New Home Construction

“After a long 8 years of deep recession, from 2007 to 2015, which looked like a real estate tsunami for new home construction, our community is experiencing a mini boom in new home development”, says Mehdi Azarmi, Executive Vice President & Project Manager for Fairway Constructors, located in Fort Mohave, AZ. “Two and a half years ago, we started to test the market with the Santa Fe Planned Community, a 65 single family home development, and by the last quarter of 2018 we are sold out,” says Azarmi. “Meanwhile, we had our grand opening of our newest development at...

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Habitat for Humanity seeks local family for home ownership

BULLHEAD CITY — Bullhead Regional Habitat for Humanity is searching for an area family to help in becoming homeowners. Poeple interested in being considered are asked to attend an outreach meeting at 7 p.m. Tuesday in the Family Life Center of City Bible Church, 922 Marina Blvd., in Bullhead City. Rich Tempelman, president of the area Habitat, said the meeting allows people interested in obtaining a home to find out whether it’s potentially right for them. “The meeting will explain the Habitat partnership,” he said. It will include a PowerPoint presentation about the ecumenical Christian housing ministry and what’s...

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Is Remodeling Worth the Effort for Resale?

At some point during the chaos of every remodel, one question is asked. “Is it worth it?” Is it worth the upheaval? Is it worth the cost? Most important, is it worth the effort when it comes time to sell? The answer: it depends. It depends on where you live and what you choose to remodel. For example, the West Coast sees a higher return than does the Mid-Atlantic, according to CNBC. With regard to specific projects, the 2018 cost-vs.-value report from Remodeling Magazine shows that smaller upgrades vs. larger remodels get you the most bang for your buck. According to the report, those who remodel on a massive scale should expect a return of 56%. This is less than the steady return of 64% over the past two years. Why the drop? Craig Webb, editor of Remodeling Magazine, believes it is because some real estate professionals suspect their local market may be reaching its peak. He explains, “Consequently, spending a lot of money does not automatically mean your house will just ride the escalator up and be worth a lot more.” So, if you are planning a remodel in 2018, the rule of thumb is to keep it simple. Forgo a major kitchen overhaul for a simple upgrade that could recoup you 81.10% vs. 53.50%. Instead of building that addition to the master suite (ROI 48.3%), consider something with more curb...

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Prepping Your Home for Sale: Get the Most Bang for Your Buck

Every seller wants to maximize his or her profit. Partnering with a real estate agent is a great start. Homeowners can further increase their bottom line with a few simple steps. To get the most out of your house, complete the following before you list. Hire your own home inspector. If a buyer’s inspector finds issues with your home, you can expect your profit to shrink. Stay one step ahead by hiring your own home inspector to unearth any potential issues. Invest in repairs. In addition to addressing any trouble the home inspection reveals, it’s a good idea to have cosmetic issues addressed. Prospective buyers notice things like cracked tile, chipped baseboards, or a squeaky floorboard, and this will be reflected in their offer. Upgrade where it counts. You don’t have to renovate your whole house to turn a healthier profit. Make small, impactful swaps, such as switching out lighting, cabinet hardware, or shower heads for cleaner, more contemporary options. Add a few new accessories. Fresh flowers and potted plants go a long way in making a room feel inviting. For a cozier living room, drape a cable-knit blanket over the couch. String Edison bulb lights over a patio and put an Adirondack chair on the front porch. These small touches add major warmth. Treat it like a model home. To sell your house quickly and for the most...

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Closing Costs: It’s about More Than Your Down Payment

The first step in buying a home is deciding on a budget. How much house can you afford? Within what price range will you shop? A down payment is, unfortunately, only one part of that budget. To correctly determine the affordability of a home, it’s essential that prospective buyers consider the costs that arise at the time of closing. Closing costs vary from state to state. There are different kinds of closing costs, too: lender costs, including origination and document preparation fees, and nonlender costs, including appraisal and survey fees. Some of these costs are required in certain states, while others are not. It’s also important to note how the market can impact closing costs. In New York City, for example, home prices are higher, which can result in higher lender fees. In today’s market, buyers seeking a conventional loan typically need a 20% down payment to receive optimal rates. As buyers plan their purchase, it’s important to factor in closing costs on top of this 20%. The final total is dependent on the location of the property. Consult with your real estate agent about closing costs in your area – he or she knows the local market...

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What You Need to Know before Becoming a Landlord

Thinking of becoming a landlord? While this can be financially and personally rewarding, you must do your homework before you take the leap. To help you learn the ropes and avoid any costly missteps, here are some handy tips of the trade. It cannot be overstated how important it is for landlords to do their pre-closing homework. During the home inspection, remember to take a thorough look at the property to see what will need to be repaired or replaced. For example, you might want to change the toilets to low-flow models. You’ll also probably want to invest in essential upgrades to three common areas: water, door locks, and flooring. Don’t make the rookie mistake of underestimating the costs of fixing and maintaining the property, both before and after a tenant has moved in. Most landlords account for insurance and taxes, but it’s easy to miss expenses like garbage, gardening, and regular maintenance. According to Money, you should set aside at least 35 to 45% of your annual rental income to cover these costs. (And when you’re calculating this income, it’s a good rule of thumb to account for only 10 or 11 monthly payments per year.) When it comes to finding a tenant, don’t be too relaxed. Interview prospective tenants on the phone first to find out if they meet your requirements. Then, it’s important to check your potential...

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Do You Need A Property Manager?

If you already own a rental property, or you’re looking to get into the business, the idea of having to deal with tenants and managing the property might be daunting. But that’s where property managers step in. A credible property manager will take over the responsibilities that rental owners might not want to handle. This could include surveying the market and area to determine a reasonable and competitive rate to charge for rent. Property managers can also help you sell a home by generating solid leads through a variety of channels, including social media, advertising, and the multiple listing service. Once your property has caught the eye of prospective tenants, the property manager can help you vet the tenants to make sure any potential renters will be responsible and reliable. Once the tenants have been screened and approved and have moved in, property managers will even be able to protect you from potential lawsuits by staying up to date on your city’s laws, rules, and regulations to make sure you’re in the clear. From there, they’ll be able to take over the less desirable parts of property management, like handling emergency repairs, creating monthly expenditure reports, taking care of important tax filings, and performing home visits. Given the wide range of services that property managers provide, you might now be wondering how much they charge. Fees vary widely depending...

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Attention Sellers: What Buyers Want

Today’s television lineup is packed with shows about property ownership. From remodeling to purchasing to flipping homes, HGTV and other similar channels have inundated homeowners with ideas about real estate. As a result, many buyers now have high expectations as they search for a potential home. They’ve seen the magazine-worthy houses on TV and that’s what they want to find when they view a home. Things should be picture perfect to grab their attention. Fresh paint, new kitchens and bathrooms, neutral décor, and modern conveniences top the lists of many buyers. It’s important for sellers to keep these standards in mind as they prepare to place their homes on the market. To get that coveted buyer, sellers must give buyers what they want. If they are looking for a picturesque setting, then give them one. Invest in upgrades for outdated interiors. Allow a professional to stage the home. Take the time to boost curb appeal. Ask a real estate agent for recommendations to decide what changes would make the best investment. As sellers make these changes, one concept is essential to keep in mind: location. While upgrades can help sell a home, it’s important that sellers not price themselves out of their neighborhood. Remodeling and redecorating should be appropriate for the location. If a seller builds an addition and updates a kitchen with all the bells and whistles, the...

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Negotiation: There’s More to it Than You Think!

When you think of real estate negotiations, what comes to mind? For most buyers and sellers, price tops the list. While this is certainly an important part of any real estate deal, did you know there are at least six others areas of potential negotiation? Closing costs: In addition to the price of the home, buyers must pay closing costs that cover lender fees and other charges. Buyers may ask sellers to help pay for these costs with a flat dollar amount or a percentage of the fees. Closing date: Do you need to close on a home quickly? Perhaps you need a little more time to search for your next home. There are also different advantages to closing at the beginning and end of the month. Personal property: What will be included with the four walls and roof? Negotiations will be worked out on whether the seller includes the washer and dryer, kitchen appliances, and even items such as living room furniture or that pool table in the basement. Contingencies: Many real estate contracts are contingent on financing or other home sales. The buyer may need to complete their lender requirements by a certain date or complete their current home sale before the contract is in full force. These details must be worked out and agreed to up front. Home repairs: Most contracts include a stipulation that the...

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