Las Vegas Real Estate Agent, Las Vegas Homes, Condos, Land, Commercial Real Estate and Personal Blog

I do not like to list Las Vegas properties that I can’t sell, and that is why I have only listed one home to sell in 2009. In today’s Las Vegas home and condo market, regular listings should be able to compete with bank owned or REO homes or condominiums. There are not too many listings that can compete with foreclosures and still leave the seller some kind money after deducting all expenses. Most of the homes or condos are short sales and I don’t list short sales or foreclosures. Regular sale (not short sales or bank owned) homes WILL bring more money than foreclosures due to the ease of doing the transaction and also the home is not sold as is and often is in better condition than foreclosures.

The home belonged to a California investor who wanted to go overseas and didn’t want to deal with tenants. However a tenant was already in the home and he was hostile. Hostile tenants do make it hard for the listing agent to show the house, even with 24 hours notice. The first time that I listed this home we would get a lot of requests to show the home, but the tenant would not allow us. So I called the owner and told him exactly what I wrote above, I don’t list a home or condominium in Las Vegas that I can’t sell and dropped the listing.

Three months passed and I got a call from the owner that the tenant was gone and he wanted to list the home again with me. No problems this time and we got a great offer which the seller accepted in less than a day. We will close the deal later this month.

The reason is that most investors who rent the home themselves usually use a standard rental contract that gives the tenant 24 hours notice before being able to access the home or condo. This will bite the investor when they want to sell a home or condo as other Realtors or buyers do not want to wait 24 hours to see the home. They either skip it completely, or in a competitive market, the buyer may see other homes first and if he/she likes one, they will not be motivated to see the home 24 hours later.

The Las Vegas real estate investors who may want to sell their home while under a lease agreement should think of this issue before signing a lease agreement. They should contact a real estate attorney about inserting a clause in the contract that gives the owner the right to put a lock box on the tenets door and be able to show the home within 2 hours after notifying the tenant.

Our brothers and sisters in American Samoa, Indonesia and the Philippines are dealing with disaster after disaster and lost families and properties. I am praying for the Good Lord to give them infinite patience to overcome the sadness and hopelessness that arise from these disasters as you should.

I was notified today that my beloved aunt, Saltanat Mojthed-Soleimani passed away. I loved her deeply and am even sadder for my mom who has to bear losing a sister. My condolences to Soleimani and Mostofi families, plus many others.

I always tell people that when you were born, you cried. Live in a way that when you die, the world cries for you and she did. There are crying eyes in at least three continents that I know of.

Masoud and Karen Saberzadeh, 702-478-7800, saber@lasvegas4us.com