Mt. Charleston Realty, Inc. Blog

Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if you’ve lived in your home for a while, so making a move while demand for your current house is high could be your best step forward toward the retirement goals you set out to achieve several years ago.

The dilemma, though, is where to go next. A big concern for many homeowners who are ready to sell is finding a home to move into, given today’s lack of houses available for sale. There is, however, some good news: the number of single-family 1-story homes being built today is on the rise, improving your odds of finding the right home for your changing needs. In a recent article, The National Association of Home Builders (NAHB) explains:

“Nationwide, the share of new homes with two or more stories fell from 53% in 2018 to 52% in 2019, while the share of new homes with one story grew from 47% to 48%.”

Here’s a map showing the breakdown of newly constructed homes being built by region, and the percentage of 1-story and 2-story homes in that mix:

What are the benefits of buying a one-story home?

Still not sure about buying a single-story home? An article from Home Talk covers several advantages of switching from two floors to one:

1. Energy Efficient

“It is easier to heat and cool a single-story house [than] it would be to regulate the temperatures of a multi-story house.”

Most single-story homes only need one heating or cooling unit, and they typically stay cooler than a two-story home, both of which can lead to significant savings.

2. Easier to Maintain

“Doing a general cleaning in a single story requires less effort and you will be able to see all areas that need cleaning and the areas are easily accessible.”

Cleaning and maintenance of a single-story home can take less time and effort, and better upkeep helps improve the overall value of the home.

3. Accessible for Everyone

“A single-story house can be accessed by anyone, whether they are young children or the senior citizens.”

If you’re looking for a house that provides a safe and easily accessible environment at any age, a single-story home may be optimal.

4. Good Resell Potential

“When buying a single-story house, you should consider the resale value should you think of reselling it in case of a circumstance that can happen. Look at the growth rate of that area. Due to the high demand of these types of houses it is [easy] to resell them and depending on the growth rate of an area, it increases in value significantly.”

Single-story homes have a lot of benefits and are often in higher demand. This bodes well for future resale opportunities.

Bottom Line

There are many benefits to downsizing into a one-story home. Doing so while demand for your current house is high might make it easier than ever to make a move. Let’s connect if you’re ready to purchase the single-story home you need while homes are so affordable today.

Posted by Tomashowski Team on October 26th, 2020 3:26 PM

In today’s real estate market, setting the right price for your house is one of the most valuable things you can do.

According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale, Chief Economist at realtor.com, notes:

“Looking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices–which are now growing at the highest pace since January 2018–makes sense.”

When it comes to pricing your home, the goal is to increase visibility and drive more buyers your way. Instead of trying to win the negotiation with one buyer, you should price your house so that demand is maximized and more buyers want to take a look.

How to Price Your Home

As a seller, you might be thinking about pricing your house on the high end while so many of today’s buyers are searching harder than ever just to find a home to purchase. You’re thinking, higher price, greater profit, right? But here’s the thing – a high price tag does not mean you’re going to cash in big on the sale. It’s actually more likely to deter buyers and have them looking at the houses your neighbors are selling instead.

Even today, when the advantage tips toward sellers because there are so few houses for sale, your house is more likely to sit on the market longer or require a price drop that can send buyers running in the other direction if it isn’t priced just right.

A Trusted Real Estate Professional Will Help

It’s important to make sure your house is priced correctly by working in partnership with a trusted real estate professional. When you price it competitively, you won’t be negotiating with one buyer over the price. Instead, you’ll have multiple buyers competing for the home, and that’s what ultimately increases the final sale price.

The key is making sure your house is priced to sell immediately. That way, it will be seen by the most buyers. More than one of them may be interested, and your house will be more likely to sell at a competitive price.

Bottom Line

If you're thinking about listing your house this fall, let’s discuss how to price it right so you can maximize your exposure and your return.

Posted by Tomashowski Team on October 19th, 2020 9:32 AM

If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one.

1. Buyers Are Actively in the Market

ShowingTime, a leading real estate showing software and market stat service provider, just reported that buyer traffic jumped 60.7% compared to this time last year. That’s a huge increase.

It’s clear that buyers are ready, willing, and able to purchase – and they’re in the market right now. In many regions of the country, multiple buyers are entering bidding wars to compete for the home they want. Take advantage of the buyer activity currently in the market so you can sell your house in the most favorable terms.

2. There Are Not Enough Homes for Sale

In the latest Existing Home Sales Report, the National Association of Realtors (NAR) announced that there were only 1.49 million units available for sale. That number was down 18.6% from one year ago. This means in the majority of the country, there aren’t enough homes for sale to satisfy the number of buyers.

Due to the health crisis, many homeowners were reluctant to list their homes earlier this year. That will change as the economy continues to recover. The choices buyers have will increase going into the new year. Don’t wait until additional sellers come to market before you decide to make a move.

3. The Process Is Going Quickly

Today’s ultra-competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and simpler, as buyers know exactly what they can afford before shopping for a home. According to the latest Origination Insights Report from Ellie Mae, the time needed to close a loan is just 49 days.

4. There May Never Be a More Important Time to Move

You’ve likely spent much of the last six months in your current home. Perhaps you now realize how small it is, and you need more space. If you’re working from home, your children are doing virtual school, or you just need more space, your current floor plan may not work for your family’s changing needs.

Homebuilders are beginning to build houses again, so you can choose the exact floor plan to match what your family needs, and you can make sure the outdoor space is what you want too.

Bottom Line

The housing market is prime for sellers right now, so let’s connect to get the process started this fall. If the timing is right for you and your family, the market is calling your name.

Posted by Tomashowski Team on October 12th, 2020 12:06 PM

This home boasts extraordinary mountain and forest views. Two bedrooms plus a third sleeper in an elevated luxury tent. Beautiful upgrades and thoughtful designer finishes throughout. Open layout with natural light and view windows. With warm and inviting living spaces inside and out, this is a home for all seasons. Multiple decks, a spacious usable yard, plus a fire pit to enjoy with friends + family. Sophisticated smart house with wifi controlled music & lighting. Enter into the spacious foyer/living room featuring laminate wood flooring and a wood burning fireplace. Highly functional kitchen with custom cabinets, stainless steel appliances and an island with butcher block counter top. The dining room offers a romantic setting for intimate dinners with it’s unique lighting and tremendous wine rack. This home embodies a peaceful and relaxed mountain lifestyle. New dual fuel whole house generator + much more! View the listing: https://las.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=5254057463#1
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Contact our family with any questions regarding your real estate needs 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:50 AM

Contact us: 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:50 AM

We're here to help with any questions regarding your real estate needs 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:49 AM

Contact our family to learn more about why buying a home while interest rates are low is so powerful 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:48 AM

Contact our family with any questions regarding your real estate needs 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:48 AM
Contact our family with any questions regarding your real estate needs 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:47 AM
We're here to assist with any questions regarding your real estate needs - 702-872-5733.
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:47 AM

This parcel has it all - beautiful pine trees, a sunny South facing location and inspiring mountain views! The lot has US Forest Service land to the North of Kris Kringle - offering panoramic 360 degree views. Enjoy the peaceful location and abundant wildlife in the area. Own a piece of Mt. Charleston and build your dream home. Lots of hiking trails nearby. Four seasons. Live the mountain lifestyle! View the virtual tour: https://www.tourfactory.com/2773701 
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Contact our family with any questions regarding your real estate needs  702-872-5733..Visit our website | www.MtCharlestonRealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.00355726, S.0077558, S.0184807, S.0188642

Posted by Tomashowski Team on August 4th, 2020 11:46 AM

This mountain home radiates elegance, warmth, and spaciousness! Custom cedar wood interior package w/ stunning wood floors, soaring cathedral ceilings, recessed lighting, wall of windows, and eye-popping kitchen plus dining social center. Wraparound deck, stunning mountain views, 2-car garage. Aprx. .27 acre lot. These amenities and others combine to provide a pure quality mountain experience!
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Contact our family with any questions regarding your real estate needs 702-872-5733.
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Visit our website | www.MtCharlestonRealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.00355726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:45 AM
Modern contemporary masterpiece in the pines. A Mt. Charleston standout with a gorgeous, timeless, thoughtful design. Dynamic mountain + forest views. Illuminating natural light. Upliftment. 5-star accommodations. Feel pampered in this dazzling contrast of comfort inside, w/adventure, ruggedness & nature outside. Entertain in the voluminous great rm w/fireplace, floor-to-ceiling windows, open to the kitchen, dining, den w/access to the exterior deck.
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Contact our family with any questions regarding your real estate needs 702-872-5733.
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Visit our website | www.MtCharlestonRealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.00355726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:45 AM

Posted by Tomashowski Team on August 4th, 2020 11:44 AM
According to Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae, “The share of renters who say it’s a good time to buy a home is now at its highest level in five years, suggesting favorable conditions for first-time home buying, consistent with the recent rebound in home purchase activity.” 
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Connect with us if you’re ready to explore your home buying options this season 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:44 AM
Escape to Mt. Charleston and enjoy a cabin experience with all of the comforts of home!  Vintage, 1947 built cabin with a cozy, cottage vibe.  A seasonal getaway or downsize and join the tiny house movement.  Parcel borders U.S. Forest Service land behind the cabin. Lot size is aprx. .14 acre (50' x 100' - oversized for the neighborhood). Approximately 600 sq.ft.  1 bedroom, 1 bathroom. Brand new septic system, newly remodeled inside including new flooring, a new electrical panel, wall board, hot water heater, kitchen cabinets and countertops. Wood burning fireplace plus electric convection heat. Log siding. Premium setting lot in Old Town Subdivision. Seller is in the process of installing a brand new roof. If you love the outdoors and recreation this is a great opportunity. Offered at $325,000
View the virtual walk through tour: 
We’re here to help with any questions regarding your real estate needs 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on August 4th, 2020 11:42 AM

Two Reasons We Won’t See a Rush of Foreclosures This Fall

Two Reasons We Won’t See a Rush of Foreclosures This Fall | MyKCM

The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a rush of foreclosures like we saw in 2008. The market today, however, is very different from 2008.

The concern of more foreclosures based on those that are out of work is one that we need to understand fully. There are two reasons we won’t see a rush of foreclosures this fall: forbearance extension options and strong homeowner equity.

1. Forbearance Extension

Forbearance, according to the Consumer Financial Protection Bureau (CFPB), is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage.” This is an option for those who need immediate relief. In today’s economy, the CFPB has given homeowners a way to extend their forbearance, which will greatly assist those families who need it at this critical time.

Under the CARES Act, the CFPB notes:

 “If you experience financial hardship due to the coronavirus pandemic, you have a right to request and obtain a forbearance for up to 180 days. You also have the right to request and obtain an extension for up to another 180 days (for a total of up to 360 days).” 

2. Strong Homeowner Equity

Equity is also working in favor of today’s homeowners. This savings is another reason why we won’t see substantial foreclosures in the near future. Today’s homeowners who are in forbearance actually have more equity in their homes than what the market experienced in 2008.

The Mortgage Monitor report from Black Knight indicates that of all active forbearances which are past due on their mortgage payment, 77% have at least 20% equity in their homes (See graph below):Two Reasons We Won’t See a Rush of Foreclosures This Fall | MyKCM

Black Knight notes:

“The high level of equity provides options for homeowners, policymakers, mortgage investors and servicers in helping to avoid downstream foreclosure activity and default-related losses.”

Bottom Line

Many think we may see a rush of foreclosures this fall, but the facts just don’t add up in this case. Today’s real estate market is very different from 2008 when we saw many homeowners walk away when they owed more than their homes were worth. This time, equity is stronger and plans are in place to help those affected weather the storm.

Posted by Tomashowski Team on July 22nd, 2020 1:32 PM
4707 Englewood Avenue | 1,462 sq.ft. ??. Southwest Las Vegas Location


This fabulous, 2-story immaculate home is brimming with natural light. An inviting archway entry leads you to the front door. Fresh paint, new carpet and new vertical blinds. Unique, upgraded lighting fixtures throughout. Beautiful, hardwood-looking, laminate flooring. Living room with large view windows, upgraded ceiling fan with light and sliding glass door to the backyard. Efficient kitchen with honey color cabinetry, breakfast bar, pantry, PUR water filter and tile flooring. Master bedroom with honeycomb blinds, ceiling fan with light, walk-in organizer closet and full bath, including a tuck-in vanity. Ample storage space underneath stairs. Laundry closet with shelving. Refrigerator, stove, microwave and dishwasher included. Freshly painted garage too! Spacious backyard with a fully-covered, poured concrete back patio offering year-round enjoyment. Low maintenance desert landscaping. Located near shopping, restaurants, amenities and highway access. Super low HOA! Offered at $295,000 ?


?? View the virtual tour: https://www.tourfactory.com/2770764 
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Contact our family with any questions regarding your real estate needs ??702-872-5733.
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Visit our website  www.MtCharlestonRealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.00355726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:30 PM
"Buy land, they're not making it anymore." -Mark Twain
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Contact our family with any questions regarding your real estate needs ?? 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:30 PM
Superior service means helping our clients succeed. Your success is our success! 

Contact our family with any questions regarding your real estate needs ?? 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:28 PM
Homebuyers have the opportunity to take advantage of record low mortgage rates right now. Reach out to us to learn why this means you may be able to buy more for your money this season. ???
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Contact our family with any questions regarding your real estate needs ?? 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:27 PM
VIRTUAL OPEN HOUSE ?? 354 Alpine Way | Mt. Charleston
A peaceful minimalist mountain retreat w/large outdoor deck spaces~Close to it all-yet world's away. This unique home is perched atop an aprx 1/4 acre lot+borders USFS land. The open layout offers a serene connection to the scenic surroundings. Enjoy upliftment + be stimulated by its natural light, angular design & flow. A canopy of pine trees & back yard rises up to deck spaces surrounded by alpine foliage. Storage areas under home. Tranquility awaits.
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Contact our family with any questions regarding your real estate needs ?? 702-872-5733.
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Visit our website | www.MtCharlestonRealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.00355726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:26 PM
Congratulations to our longtime Mt. Charleston friends and sellers on the sale of their beautiful mountain home. We were honored to assist you and wish you the very best in your future life journey. ????
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We’re here to help with any questions regarding your real estate needs ?? 702-872-5733
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Visit our website: www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:25 PM
VIRTUAL OPEN HOUSE ?? 399 Crestview Drive | Mt. Charleston
Escape the ordinary! Enjoy exceptional front-row views of vibrant mountain & forest views. Upon opening the front door, this architectural masterpiece frames panoramic views like a perfect painting. Wide open floor plan w/great flow for entertaining. Stunning cherrywood bar. Walk-out basement w/great room offers additional sleeping area & space to add another bedroom. Game room. Spacious outdoor deck w/spa & dramatic sweeping mountain views. 30 minutes to Las Vegas.
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Contact our family with any questions regarding your real estate needs ?? 702-872-5733.
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Visit our website | www.MtCharlestonRealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.00355726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:24 PM
This could be the key to your new home! ??????  
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We're here to help with any questions regarding your real estate needs ?? 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:24 PM
Like the weather, the market is hot, hot, hot! ?? This adorable mountain cabin JUST SOLD! We are grateful to have assisted the Seller with this sale and excited to welcome a new mountain neighbor! ???? 
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Contact our family with any questions regarding your real estate needs ?? 702-872-5733
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Visit our website  www.mtcharlestonrealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.0035726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:23 PM
Mortgage rates are at an all-time low! ????
A lower monthly payment means savings that can add up significantly over the life of a home loan. ??
It also means that qualified buyers may be able to purchase more home for their money. ?? 
Reach out to our family to assist you wish all your real estate needs ?? 702-872-5733.
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Visit our website  www.MtCharlestonRealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.00355726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:23 PM
According to the National Association of Realtors (NAR), 54% of Buyers and 62% of Sellers strongly agree that a real estate agent’s guidance matters more than ever, especially during the pandemic our country has faced. If you’re interested in buying or selling a home this year, contact our family so you can find out why having an agent by your side today is so valuable ?? 702-872-5733.
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Visit our website | www.MtCharlestonRealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.00355726, S.0077558, S.0184807, S.0188642
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Posted by Tomashowski Team on July 22nd, 2020 1:22 PM

There are many financial and non-financial benefits to owning a home. Let’s connect to put your homeownership plans in motion this year.  ??????
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Contact our family with any questions regarding your real estate needs ?? 702-872-5733.
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Visit our website | www.MtCharlestonRealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.00355726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:22 PM
ESCAPE THE HEAT! | This cabin is a mountain gem! Covered, log front porch with wood carvings are reflective of the history of mining in the Spring Mountains and Southern Nevada areas. Beautifully appointed throughout. Inviting open living room with vintage plank flooring, corrugated metal wall accents and woodburning stove. Updated kitchen with newer cabinets, counters, slate flooring and breakfast bar. Sliding barn door to one of the three bedrooms. Bathrooms with custom tile, granite and fixtures. Laundry room. Pavered walkways and patio. Metal roof. Combination of enormous character/charm/history. Lundy Elementary School, Mt. Charleston Library and hiking in the woods nearby. Elevation: 7,371.27 ft. 
Come and enjoy a four-season lifestyle in the mountains. Offered at $375,000 ??
Contact our family with any questions regarding your real estate needs ??702-872-5733.
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Visit our website | www.MtCharlestonRealty.com
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Mt. Charleston Realty, Inc. License Numbers: B.0003611, S.00355726, S.0077558, S.0184807, S.0188642
Posted by Tomashowski Team on July 22nd, 2020 1:21 PM

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MT. CHARLESTON REALTY, INC.

6628 Sky Pointe Drive, Suite #130
Las Vegas, NV 89131