First, the definition of short sale homes and condos: The home or condominium is worth less than the mortgage loan which the seller owes on the property. The bank agrees to sell the property for below the loan value, the seller agrees to end up with nothing upon the sale of the property. The bank [...]
Entries Tagged as 'Las Vegas condos'
Horror Stories about closing short sale deals in Las Vegas before tax credit runs out
June 9th, 2010 · No Comments · Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
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How NOT to price Las Vegas homes, condominiums and commercial real estate for sale Part Two
May 31st, 2010 · No Comments · Invest in Las Vegas real estate, Las Vegas Commercial Real Estate, Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
How NOT to price Las Vegas homes, condominiums and commercial real estate for sale Part One The most important duty of a Las Vegas Realtor or real estate agent is to put a correct selling price on the Las Vegas real estate for sale. If the property is priced too low, the market will correct [...]
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How NOT to price Las Vegas homes, condominiums and commercial real estate for sale Part One
May 28th, 2010 · No Comments · Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
Disconnect between Las Vegas homes, condominiums and commercial properties from REALITY There is a disconnect between the asking prices for Las Vegas homes, condominiums, land and commercial properties for sale and sold Comps, which is our current reality. Much of Las Vegas real estate is divided into master planned communities, such as Summerlin, Anthem, Aliante, [...]
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Las Vegas real estate, Las Vegas homes, condos and townhomes market report
May 26th, 2010 · 1 Comment · Invest in Las Vegas real estate, Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
Since January 1, 2010, 15968 homes, townhomes and condominiums have sold through Las Vegas MLS, of these 7933 have been foreclosures or bank owned residential properties. I am excluding mobile homes which I don’t know much about. These numbers do not include other Clark County cities like Mesquite, Overton or Laughlin. On the other [...]
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Why investing in Las Vegas real estate is a good investment opportunity?
May 21st, 2010 · No Comments · Invest in Las Vegas real estate, Las Vegas condos, Las Vegas high-rise condos, Las Vegas homes, Las Vegas Real Estate
Why does investing in Las Vegas real estate make sense? Because it is a relatively low risk investment which can make a healthy return on the investment, period. The following is Case-Shiller® Housing Price Index: January 1987 to May 2009 and shows the median price for homes in Las Vegas, a ten city composite of [...]
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Effect of Fannie Mae extension of first look on Las Vegas real estate market
May 11th, 2010 · No Comments · Invest in Las Vegas real estate, Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
Owner occupied home buyers in Las Vegas, North Las Vegas and Henderson who wanted to finance their home had to pay 10%-15% more for their home than cash investors in order to have a chance at buying a bank owned home in the last 9 months. Banks would accept a $75,000 cash offer from an [...]
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Higher interest rates are coming, buy your Las Vegas home or condominium soon
February 15th, 2010 · No Comments · Invest in Las Vegas real estate, Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
The Federal Reserve Bank is winding down their massive purchasing program of Mortgage Backed Securities and this translates to home loan rates rising in the near future. Hate to say it, but I have repeatedly written that the main reason to invest in Las Vegas real estate in particular and real estate in general is [...]
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Las Vegas real estate market, Current inventory of foreclosed homes, condominiums and townhomes 2009-2010 Part 3
February 14th, 2010 · No Comments · Invest in Las Vegas real estate, Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
Las Vegas Real Estate Market Report 2009-2010, regular sales, short sales and foreclosure sales Part One Las Vegas Real Estate Market Report 2009-2010, regular sales, short sales and foreclosure sales Part Two The total number of residential real estate properties which have sold through the Las Vegas MLS in Clark County was 46,879 in 2009. [...]
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Las Vegas Real Estate Market Report 2009-2010, regular sales, short sales and foreclosure sales Part Two
February 2nd, 2010 · No Comments · Invest in Las Vegas real estate, Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
Las Vegas Real Estate Market Report 2009-2010, regular sales, short sales and foreclosure sales Part One I am only discussing the real estate market in the Greater Las Vegas Valley and not all of Clark County which most of the MLS numbers are based on and will only discuss deals that involved the Las Vegas [...]
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Las Vegas Real Estate Market Report 2009-2010, regular sales, short sales and foreclosure sales Part One
January 23rd, 2010 · No Comments · Invest in Las Vegas real estate, Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
In order to gain an understanding of what could happen in the Las Vegas residential real estate market in 2010, it is beneficial to take a look at what happened in Las Vegas homes, condos and townhomes for sale market in 2009. Las Vegas MLS shows 46,879 residences have sold in Clark County in 2009. [...]
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Were all the doom and gloom headlines about Las Vegas real estate market correct six months ago, Heck NO, and they are not now either
December 7th, 2009 · No Comments · Invest in Las Vegas real estate, Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
The Las Vegas Review Journal had another article published about Las Vegas real estate market last week and here are a few excerpts: “Two reports showed that more than half of home mortgages are underwater, meaning the owner owes more than the property is worth, according to two reports.” “Zillow.com reported that 81.8 percent of [...]
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What does median price really say about the real estate market in Las Vegas?
November 19th, 2009 · No Comments · Invest in Las Vegas real estate, Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
The only way that the true price of a property in Las Vegas is calculated is to see how much similar properties in similar locations have sold recently and recently is determined by the market conditions. If the real estate market is stable, one can go back about six month, if the market is not [...]
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Now is the right time to buy Las Vegas homes and condominiums
November 8th, 2009 · No Comments · Invest in Las Vegas real estate, Las Vegas condos, Las Vegas homes
US Congress passed the home buyer tax rebate extension just like I had predicted that they would and when I predicted that they would do it, just when it was becoming very hard for home buyers to close the escrow on time. Basically first time home buyers will get their $8,000 tax rebate and those [...]
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Sell short sale homes or condominiums in Las Vegas, North Las Vegas and Henderson, Las Vegas short sale agent or Realtor
November 1st, 2009 · No Comments · Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
Las Vegas, Henderson or North Las Vegas home sellers who owe more than the home or condo is worth in the current real estate market have to sell their residence through a short sale process. Listing and selling short sales requires a special kind of Las Vegas Realtor real estate agent who has the required [...]
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Will the $8,000 first time home buyer tax credit be extended?
October 14th, 2009 · No Comments · Las Vegas condos, Las Vegas homes, Las Vegas Real Estate
The US House of Representatives last week passed a bill that extended the $8,000 first time home buyer tax credit next year for military, diplomatic and intelligence personnel who are serving overseas. This increases the probability that Congress will agree to an extension or even extend the entire credit program well into 2010. The White [...]
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