Nevada to launch latest legal vice for tourists: Pot

Q&A: Nevada to launch latest legal vice for tourists: Pot

RENO, Nev. (AP) — Sin City will launch its latest legal vice by week’s end.

Lines are expected Saturday outside some medical marijuana dispensaries in Las Vegas and other Nevada cities that will begin selling pot for recreational use for the first time since voters approved it in November.

It’s the fastest turnaround from the ballot box to retail sales of any of the seven other states and the District of Columbia where pot is legal.

It comes after an ongoing legal battle over the drug’s distribution created uncertainty but ultimately won’t affect the kickoff.

Here’s a look at what’s expected this week:

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WHAT WILL HAPPEN SATURDAY?

Anyone who is 21 with a valid ID can buy up to an ounce of pot, one-eighth of an ounce of edibles or concentrates. State regulators have notified at least 17 retail outlets that they have been approved for recreational sales and as many as 40 could be licensed by Saturday.

Some outlets plan grand opening events at 12:01 a.m., and one in Las Vegas is having a barbecue with raffle drawings. Nevada Dispensary Association President Andrew Jolley isn’t sure what kind of turnout to expect but said, “We are anticipating a lot of very happy customers.”

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WHAT’S THE BIG DEAL?

Industry experts predict Nevada’s market will be the nation’s biggest, at least until California plans to begin recreational sales in January.

Nevada sales should eventually exceed those in Colorado, Oregon and Washington state because of the 45 million tourists who annually visit Las Vegas. Regulators anticipate 63 percent of customers will be tourists.

“I don’t think we’ve ever seen anything quite like what Nevada is going to look like just because of the sheer volume of tourism in the state,” said Nancy Whiteman, co-owner of the Colorado-based Wana Brands, which makes edible pot products.

However, it’s not clear how many people know pot is about to be legal. The law bans marijuana advertising on radio, TV or any other medium where 30 percent of the audience is reasonably expected to be younger than 21.

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WHERE CAN I LIGHT UP?

It’s illegal in public places, including parks, sporting events, moving vehicles, casinos, hotels, concerts, festivals and while you’re walking down the street. So is drinking alcohol outdoors on the Las Vegas Strip, which generally isn’t enforced unless someone is causing trouble. It’s not clear yet if pot will be handled similarly.

People have been allowed to use marijuana in private homes since Jan. 1, but there has been nowhere to legally buy it without a medical card. Where you can buy recreational pot will change Saturday, but not where you can smoke it.

Using pot in public can get lead to a $600 ticket. It’s OK to smoke on the front porch of your home, but consumption is prohibited on U.S. property, from national forests to federally subsidized housing.

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WHY DO HOTEL-CASINOS BAN POT?

They operate under federal licenses, and the U.S. government outlaws the drug. That means tourists will have a hard time finding a place to use it legally despite being the biggest expected piece of the market.

It’s one reason Whiteman and others think edibles will be most popular with tourists, who can eat the goodies almost anywhere without attracting attention, including casino floors where cigarettes are allowed but pot-smoking is not.

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COULD THAT CHANGE?

Legislation to establish marijuana clubs and other places to smoke pot failed this spring but will be revisited by lawmakers in 2019. State Sen. Tick Segerblom, a leader of the legalization push, anticipates worldwide advertising urging tourists to “come to Nevada and smoke pot — so we must provide a place to do so.”

One Denver-based entrepreneur already has set up cannabis-friendly condos just off the Las Vegas Strip that allow pot smoking but not cigarettes. There’s also a “Cannabus” tour that offers riders a peek inside dispensaries, a grow facility and a swag bag filled with rolling papers and other gifts.

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SHOULD BUYERS BEWARE?

The drug’s potency is much higher than stuff sold on the streets a couple of decades ago. Edibles are the biggest concern because the effects can sneak up on pot newbies, who may take too much without realizing they are slowly getting high.

All packaged edibles, from gummies to brownies, must carry labels warning that the intoxicating effects may be delayed for two hours or more and that users should initially eat a small amount.

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WHAT ABOUT THE LEGAL BATTLE?

A court order has denied pot distribution licenses to anyone other than the alcohol industry, which the state intends to appeal. The ballot measure passed by voters says liquor wholesalers have the exclusive right to transport marijuana from growers to retailers, the only legal pot state with such an arrangement.

But existing dispensaries can sell their stockpiled inventory for recreational use until they run out, with most thinking they can last three weeks or longer. That means retail stores could have a supply shortage as August approaches.

By then, however, the state should have issued at least some distribution licenses to alcohol wholesalers.

“I get the sense that most, if not all, dispensaries will have sufficient inventory to serve retail customers until distributors are up and running,” Nevada Dispensary Association President Andrew Jolley said.

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Associated Press Writer Regina Garcia Cano in Las Vegas contributed to this report.

Showing Your House

Showing Your House

From Chris Williams

Your house should always be available for show, even though it may occasionally be inconvenient for you. Let your listing agent put a lock box in a convenient place to make it easy for other agents to show your home to homebuyers. Otherwise, agents will have to schedule appointments, which is an inconvenience.  Most will just skip your home to show the house of someone else who is more cooperative.

Most agents will call and give you at least a couple of hours notice before showing your property. If you refuse to let them show it at that time, they will just skip your house. Even if they come back another time, it will probably be with different buyers and you may have just lost a chance to sell your home.

Try Not to be Home

Homebuyers will feel like intruders if you are home when they visit, and they might not be as receptive toward viewing your home. Visit the local coffee house, yogurt shop, or take the kids to the local park. If you absolutely cannot leave, try to remain in an out of they way area of the house and do not move from room to room. Do not volunteer any information, but answer any questions the agent may ask.

Lighting

When you know someone is coming by to tour your home, turn on all the indoor and outdoor lights – even during the day. At night, a lit house gives a “homey” impression when viewed from the street. During the daytime, turning on the lights prevents harsh shadows from sunlight and it brightens up any dim areas. Your house looks more homey and cheerful with the lights on.

Fragrances

Do not use scented sprays to prepare for visitors. It is too obvious and many people find the smells of those sprays offensive, not to mention that some may be allergic. If you want to have a pleasant aroma in your house, have a potpourri pot or something natural. Or turn on a stove burner (or the oven) for a moment and put a drop of vanilla extract on it. It will smell like you have been cooking.

Pet Control

If you have pets, make sure your listing agent puts a notice with your listing in the multiple listing service. The last thing you want is to have your pet running out the front door and getting lost. If you know someone is coming, it would be best to try to take the pets with you while the homebuyers tour your home. If you cannot do that, It is best to keep dogs in a penned area in the back yard. Try to keep indoor cats in a specific room when you expect visitors, and put a sign on the door. Most of the time, an indoor cat will hide when buyers come to view your property, but they may panic and try to escape.

The Kitchen Trash

Especially if your kitchen trash can does not have a lid, make sure you empty it every time someone comes to look at your home – even if your trash can is kept under the kitchen sink. Remember that you want to send a positive image about every aspect of your home. Kitchen trash does not send a positive message. You may go through more plastic bags than usual, but it will be worth it.

Keep the House Tidy

Not everyone makes his or her bed every day, but when selling a home it is recommended that you develop the habit. Pick up papers, do not leave empty glasses in the family room, keep everything freshly dusted and vacuumed. Try your best to have it look like a model home – a home with furniture but nobody really lives there.

 

Go to my web site for other selling tips.

VIEW MARKET CONDITIONS

VIEW MARKET CONDITIONS

For an up to date Mesquite Nevada market report and home evaluation of your home please go to; www.mesquite-realestate.com

National Summary (U.S.)
Pending Home Sales Rise in January to Highest Level in 18 Months

WASHINGTON (February 27, 2015) — Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the National Association of REALTORS®. All major regions except for the Midwest saw gains in activity in January.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, climbed 1.7 percent to 104.2 in January from an upwardly revised 102.5 in December and is now 8.4 percent above January 2014 (96.1). This marks the fifth consecutive month of year-over-year gains with each month accelerating the previous month’s gain.

Lawrence Yun, NAR chief economist, says for the most part buyers in January were able to overcome tight supply to sign contracts at a pace that highlights the underlying demand that exists in today’s market. “Contract activity is convincingly up compared to a year ago despite comparable inventory levels,” he said. “The difference this year is the positive factors supporting stronger sales, such as slightly improving credit conditions, more jobs and slower price growth.”

Yun also points to more favorable conditions for traditional buyers entering the market. All-cash sales and sales to investors are both down from a year ago1, creating less competition and some relief for buyers who still face the challenge of limited homes available for sale.

“All indications point to modest sales gains as we head into the spring buying season,” says Yun. “However, the pace will greatly depend on how much upward pressure the impact of low inventory will have on home prices. Appreciation anywhere near double-digits isn’t healthy or sustainable in the current economic environment.”

The PHSI in the Northeast inched 0.1 percent to 84.9 in January, and is now 6.9 percent above a year ago. In the Midwest the index decreased 0.7 percent to 99.3 in January, but is 4.2 percent above January 2014.

Pending home sales experienced the largest increase in the South, up 3.2 percent to an index of 121.9 in January (highest since April 2010) and are 9.7 percent above last January. The index in the West rose 2.2 percent in January to 96.4 and is 11.4 percent above a year ago.

Total existing-homes sales in 2015 are forecast to be around 5.26 million, an increase of 6.4 percent from 2014. The national median existing-home price for all of this year is expected to increase near 5 percent. In 2014, existing-home sales declined 2.9 percent and prices rose 5.7 percent.

The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

Mortgage Rates

Mortgage Rates Fairly Steady to Begin Week

Mortgage rates were mostly flat again today, despite bond market weakness (lower bond prices generally mean higher rates).  Between MBS (the mortgage-backed-securities that underlie mortgage rate movement) and US Treasuries (the risk-free benchmark for all US debt/bonds), the latter fared worse.  In other words, mortgage bonds outperformed Treasuries.  That’s one of the reasons we didn’t see much movement in mortgage rates today.

The other reason was as simple as the shape of market movement on Friday.  Bonds improved throughout the course of the day but most lenders didn’t adjust rate sheets to reflect that improvement.  As such, today’s weaker bond market levels ended up being fairly close to those that were in effect when lenders last set rates on Friday morning.

The absence of change continues to be a good thing given that rates remain very close to their lowest levels in more than 8 months.  Only a handful of recent days have been any better.  4.0% is the most prevalently-quoted conventional 30yr fixed rate on top tier scenarios, though a few of the aggressive lenders remain at 3.875%.

Today’s Most Prevalent Rates

  • 30YR FIXED – 3.875-4.00
  • FHA/VA – 3.5-3.75%
  • 15 YEAR FIXED – 3.125-3.25%
  • 5 YEAR ARMS –  2.75 – 3.25% depending on the lender


Ongoing Lock/Float Considerations

  • Investors were relatively convinced that the decades-long trend toward lower rates had been permanently reversed after Trump became president, but such a conclusion would require YEARS to truly confirm
  • Instead of continuing higher in 2017, rates instead formed a narrow, sideways range, and held inside until April.  Investor perceptions are shifting such that fiscal reforms and other policy developments will need to live up to expectations in order to push rates higher.  Geopolitical risks would also need to avoid flaring up (more than they already have)
  • For the first time since the election, we’re in a rate environment where you wouldn’t be crazy not to lock at every little opportunity/improvement.  Until/unless it’s broken, the highest rates of early-2017 mark the ceiling, and we’re now waiting to see how much lower we can go from here.
  • Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders.  The rates generally assume little-to-no origination or discount except as noted when applicable.  Rates appearing on this page are “effective rates” that take day-to-day changes in upfront costs into consideration.

 

BY: MATTHEW GRAHAM

Increase Your Home’s Value

Three Simple Ways to Increase Your Home’s Value

Three Simple Ways to Increase Your Home's Value

We all want to make sure that our home not only holds its value, but increases it as well. That way if needs were to change or a move were in order, the home could be sold for a profit, making the move that much easier. Here are a few very simple, quick, ways to make sure that this happens.

Get Handy

Homeowners often get into a lull with maintaining and fixing broken or worn items in their houses. One thing leads to another, which eventually leads to repairs costing thousands of dollars. Instead of waiting, take action the moment you realize something is wearing out and fix it or call a handyman — it will save you money in the future and help maintain the value of your home.

Cleanliness

There is an obvious correlation between the value of homes that are kept up with (at least) a weekly cleaning and those that don’t. Not only will your home look nice and be clean for company, it will stay in good condition longer and avoid having bugs and rodents inside the garage, home, and attic. Homes that have actively used a pest control service can be sold for more than those that didn’t. Make it easier on yourself by committing to a good cleaning on a weekly basis, scheduled in at the same time each week so that a habit will be formed.

Think Outside the Box

The inside of your home may be the top priority for you, but don’t forget to do basic maintenance on your lawn and surrounding areas. Remember, this is the first thing that potential buyers and renters see when they pull up. In fact, the looks matter so much that a recent study said that simply raking, aerating, mowing, and maintaining a basic lawn yields over a 300% ROI when it comes to selling!

Best place to retire; wwwmesquite-realestate.com

Sun City Mesquite Information

Sun City Mesquite Information.  

 

This amazing community is built by Pulte in Mesquite, Nevada. This master plan is approximately 2,014 acres in size. Sun City Mesquite is being built within this master plan on 812 acres. Also included will be 167 acres of conventional housing without age qualification. An 18 hole Gary Panks designed golf course is a central feature. Upon completion, this community is projected to have 4,600 homes, including 3,600 homes in Sun City Mesquite. The grand opening for the public was June 16th, 2007.  Amenities include an 18-hole putting course, tennis, pickle ball and bocce courts, 30,000 SF clubhouse has billiards room, state-of-the-art gym, aerobics studio, indoor pool & spa, indoor walking track, clubs, classes, and over 100 activities. Conestoga Golf Club provides a scenic backdrop to the outdoor pool & two spas. Sun City residents receive discounts on meals at Conestoga Golf Club’s 1880 Grill.

Below is a link of all the currently listed properties in Sun City Mesquite. This information is updated every 24 hours.

 When this project opened what it offered had two potential advantages over similar developments in other areas, price and the ability to have a Pulte/Del Webb community only in more of a small town environment.  The small town advantage is still there for those that prefer it. The price advantage is lower then similar homes in the Las Vegas area. One additional advantage now is that Sun City Mesquite is now the only age restricted community in the area selling new homes that offers comparable home sizes and options that are on the scale of the larger age restricted communities in other Del Webb developments. I drove the community with my GPS and found that the elevations of the current construction at this community range from 1,750 ft. to 1,850 ft. above sea level.

Note that several new floor plans have been added with also several discontinued. The new floor plans are a drastic departure from what Pulte/Dell Webb has offered in the past. Significant structural options have not been a part of the Pulte/Del Webb philosophy. Now there are an incredible number of customizations available.

Current selling prices for both new and resale, over the last year run between $125 and $190 per sq. ft. That starts somewhat lower than the median selling prices per sq. ft. for the Sun City communities in the greater Las Vegas area.

Sun City Mesquite has 22 single story home designs ranging from 1,241 to 3,115 sq. ft. Base prices range for the current models, at the time of this writing, May 7, 2017 are between $185,990 and $332,990. The sizes of these current models range from 1,241 to 2,514 sq. ft. I know this development well and have represented many buyers here. It is a beautiful community with great mountain views and wonderful topography. Many lots will be at elevation, looking down into the community as well as out into the valley Contact me at the email or phone number below with any questions you may have.

Sun City Mesquite Photos

Click on thumbnail picture to view larger image.

  • search Sun City homes for sale
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This is a newer and very interesting option to other age restricted communities, Del Webb and otherwise, presently available in the Clark County, Nevada area. It may also appeal to prospective buyers that may otherwise pick another location in the southwest. The travel distance from this community to the strip/airport area in Las Vegas to be around hour & 15 Minutes.  Mesquite is also around 30 minutes from St George Utah, a larger and more developed community with shopping and other services that Mesquite lacks at this time. Mesquite itself is a nice clean city with mostly newer construction. In the mid 1980’s Mesquite was a relatively quiet farming community with a few businesses catering to the travelers along I-15. The population at that time was around 800 people. The population has increased to over 19,000 with most of that increase coming within the last 15 years. The weather in Mesquite is similar to Las Vegas with summer and winter high temperatures about the same. Night time lows are somewhat cooler.

There is quite a bit of development in the area of Anthem, Mesquite (master plan being called Anthem). A new hospital is within a mile of the community.

If you have any questions about these projects let me know. I will update these pages when additional information becomes available. I can also put you on my mailing list to receive updated information per your request. I hope you have enjoyed this information and will remember me if you would like Realtor representation to purchase and/or sell a home. Thank you.

Please note that I am an independent Realtor that can represent you in your purchase at Sun City Mesquite, at no cost to you. I do not represent the builder or are otherwise affiliated with the builder, Del Webb Pulte.

You can view all the new models and resale homes at Search Sun City Mesquite.

Mesquite Real Estate

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