Dawn Houlf, broker at EXIT Realty Number One and Vital Property Management, brings expert insights and innovative strategies to the Las Vegas real estate market. With a focus on working with sellers, owners, absentee owners, and tenants, Dawn’s full-service real estate and property management brokerage is helping clients navigate the complexities of the current market.
"Don't get lost in the real estate shuffle," says Dawn, echoing EXIT Realty's motto. This philosophy is more relevant than ever as Las Vegas faces notable economic changes and rapid population growth.
Dawn notes that recent economic trends have had a substantial impact on the local housing market. "Inflation has hit the real estate and property management market," she explains. "I have seen families combining incomes and moving in together to make ends meet."
Despite these challenges, Dawn remains optimistic about the Las Vegas real estate landscape. "We are still seeing properties fly off the market as long as they're priced right and look good," she states. "If the property needs work or does not show well, they stay on the market."
For sellers looking to maximize their property value, Dawn offers practical advice. "Remove personal belongings and all bulky furniture. Remove items from shelves - less is more," she advises. "Kitchens and bathrooms are the big things, along with backyards. Clean, fresh, and new is key. Curb appeal is a big draw."
Addressing the current mortgage rate environment, Dawn provides a sobering perspective. "In the last 20 years, we have seen low interest rates. In my professional opinion, we will not see a low interest rate in our lifetime," she predicts. "Our country is not able to survive; this is why inflation is so high. The lowest, I think, will be around 5.5 percent."
However, Dawn is quick to point out that there are still opportunities for buyers. "We do have down payment assistance programs and sometimes have home buyers classes to show how they can obtain $10K in down payment assistance," she reveals. "There are many other strategies I can assist with as well."
The influx of new residents to the valley is keeping the market dynamic. Dawn observes, "Many people are moving into Vegas, and it's still a good time to buy and sell." She cautions, however, that market conditions vary. "Many investors that are flippers are low-balling sellers with homes that have been on the market, thinking the sellers will let go of their equity."
To help sellers in this situation, Dawn has developed innovative solutions. "I do have programs that will help sellers increase their price and improve their property without upfront money," she says. "I go into detail with this with clients."
For those interested in learning more about real estate investing, Dawn will be holding a class on March 12th from 5:00 p.m. to 7:00 p.m. at 316 South Jones Boulevard, Las Vegas. This presents an excellent opportunity for both novice and experienced investors to gain valuable insights from a seasoned professional.
As Las Vegas continues to grow and evolve, Dawn Houlf and EXIT Realty Number One stand ready to guide clients through the intricacies of the local real estate market. With her extensive experience and commitment to client success, Dawn embodies the company's other motto: "Safeguard Your Investment."
Whether you're buying, selling, or investing in Southern Nevada real estate, Dawn’s expertise and innovative approaches offer clarity in an often complex market. As she puts it, "Many people are moving into Las Vegas, and it's still a good time to buy and sell." With Dawn’s guidance, navigating the Las Vegas real estate market becomes an opportunity rather than a challenge.
We are still seeing properties fly off the market as long as they're priced right and look good. If the property needs work or does not show well, they stay on the market.