Thursday, March 22, 2012

Las Vegas Real Estate News

Las Vegas Real Estate News

Link to Las Vegas Real Estate News

How many days on the market in avarage are properties listed for over $200K? over $300K? and over $400K? in Vegas these days?

Posted: 13 Mar 2012 02:12 PM PDT

i know that properties sell very fast in Las Vegas at the moment. especially those in the low end of the market. but how long does it take to sell the more expesnsive homes? $200K? $300K? $400K?

<b>LAS VEGAS REAL ESTATE</b> 3/21/12 UPDATE. PRICES +UP <b>...</b>

Posted: 21 Mar 2012 02:17 PM PDT

The Las Vegas real Estate is "on fire" Ptrices are dramatically UP, inventory is DOWN and Rental demand is strong.Investors are getting WICKED Cash Flow. BUY NOW! DON'T MISS! FREE LIST HUD PROPRTIES + ...

SKY Las Vegas Condos for Sale Signal Positive Real Estate Market <b>...</b>

Posted: 22 Mar 2012 03:28 AM PDT

SKY Las Vegas Condos for Sale Signal Positive Real Estate Market Trends Starting 2012 with Less Than 20 Units Available According to LasVegasRealEstate.org. SKY Las Vegas. Las Vegas, NV (PRWEB) March 05, 2012 ...

I am considering buying a HUD Foreclosure Property when I move. Should I be concerned about the condition before I make an offer?

Posted: 17 Mar 2012 04:53 PM PDT

Las Vegas Foreclosures for Sale at 20% Discounted Prices Attracting All-Cash Buyers According to LasVegasRealEstate.org

Posted: 21 Mar 2012 09:58 PM PDT

Las Vegas real estate market trends for 2012 are unpredictably positive as inventory swings dictate new opportunities. LasVegasRealEstate.org reports Las Vegas homes for sale has shrinking inventory as investors snatch up properties all-cash for rentals.Las Vegas, NV (PRWEB) March 21, 2012 Las Vegas foreclosures for sale accounted for over 50% of all residential sales during 2011 while the ...

The Mortgage Debt Relief Act of 2007 & What it Means to You!

Posted: 21 Mar 2012 09:41 PM PDT

The following is from the IRS website.

"The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief.
This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion does not apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home's value or the taxpayer's financial condition."

So what does this really mean and do you even have to worry about it? Well a real short answer is it means you could end up with a large tax bill and yes you need to worry about it. If you are behind in your payments at all or have already received a notice of default you need to get your home sold before the end of the year. Even if you are not behind in payments but are underwater you should still try to get your home sold. Get out from under that huge mortgage and start over.

Let me give you a quick example of why your home needs to be sold and closed before the end of 2012. We will say you borrowed $300,000 for your home and have only payed $50,000 of it back to the bank. Your home gets taken back by the bank after 2012 and they can only collect another $100,000 from the sale of your home. This means there is a cancellation of $150,000 of debt that can be taxable. If you end up having to pay 15% on that $150,000 than you will owe the IRS $22,500. Remember that an IRS tax bill doesn't go away, you are stuck with it.

Do you think it might be a good time to list your home and try to short sale it before the end of the year? Do you really want to be stuck with a huge tax bill that you can't afford? Shorts sales can take over 6 months to close from the time an offer is submitted. Time is running out for you, the time to act is now!

Call me today so we can get started and so you can avoid a large unwanted tax bill.

Nick Richardson 
Wardley Real Estate
702-625-3470
http://www.LVREAgent.com


how is well water in vegas and what trace elements are in the water?

Posted: 21 Mar 2012 08:02 PM PDT

who owns the property at 5885 redwood street las vegas nevada 89118?

Posted: 21 Mar 2012 07:53 PM PDT

is it on a well and public sewer

Are there particular zip codes in the Las Vegas market where to look for properties with good ROI; which ones are good places to start looking in?

Posted: 25 Feb 2012 12:30 PM PST

I'm asking about residential property, homes, town homes, multiple family buildings, condos.

sell real estate in las vegas – Las Vegas Home For Sale. Southern <b>...</b>

Posted: 21 Mar 2012 04:18 PM PDT

Home · Las Vegas Real Estate · Las Vegas Real Estate Articles · Las Vegas Real Estate Media · Las Vegas Real Estate Videos · Las Vegas Real Estate Press · Las Vegas Real Estate News · Las Vegas Real Estate Q&A ...

buy real estate in las vegas – Las Vegas Clark County Bargain <b>...</b>

Posted: 19 Mar 2012 04:19 PM PDT

Home · Las Vegas Real Estate · Las Vegas Real Estate Articles · Las Vegas Real Estate Media · Las Vegas Real Estate Videos · Las Vegas Real Estate Press · Las Vegas Real Estate News · Las Vegas Real Estate Q&A ...

what is the best way to get rid of a real estate agent that does not comunicate with you?

Posted: 21 Mar 2012 01:10 PM PDT

Las Vegas Short Sale Info - Lois Lee Greer Realtor

Posted: 21 Mar 2012 04:59 PM PDT


Las Vegas, Nevada - Before you hand over your hard earned dollars to a Nevada Real Estate Attorney, consider the following; will the attorney guarantee their services and pay you a full refund if they fail to perform? If you meet with an attorney who won't agree to refund your money should they fail to get your short sale approved, GET UP AND LEAVE!

 

While there are many respectable and ethical attorneys out there, you must educate yourself and not place your unconditional faith in someone who stands to make a handsome profit should you get sued.

 

There are NO attorneys who specialize in short sales; however, there are plenty of attorneys who specialize in taking your money.  Homeowners considering short sales are welcome to speak with a lawyer to discuss their options, however, YOU MUST BE CAREFUL.  If you use an attorney to negotiate a short sale and they fail to perform, you may wind up being sued by your bank.  In the event the bank decides to come after you, then you will need to hire an attorney for a potentially expensive lawsuit.  While there are many respectable and ethical attorneys out there, you must educate yourself and not place your unconditional faith in someone who stands to make a handsome profit should you get sued.  If the attorney fails to get your short sale approved, you are left vulnerable and may need additional legal protection.  What is the attorney's motivation to get your short sale done if they can make additional income protecting you from a potential deficiency judgement lawsuit?  Is this not a conflict of interest?  If you were sick with cancer, would you hire a doctor who also owned a funeral home?  Of course not!

 

Additionally, if you speak with a Bankruptcy Attorney, they are undisputed experts at helping you go Bankrupt; however, they also make their living by convincing you to File Bankruptcy.  Bankruptcy is always an option, however, NOT always necessary.

 

Nevada Short Sale Lawyers can be quite expensive.  Who has money to hire an expensive attorney, when you are losing your home and preparing to move, etc.?  Most people who are considering a short sale are experiencing a certain degree of Financial Hardship.  In these tough economic times, many attorneys are experiencing a decrease in clients, and are looking for ways to generate additional income.  Attorneys, who have never offered short sales as one of their services, are now jumping on the bandwagon and offering to do short sales for their clients.  Times have gotten so tough for lawyers that even accident attorneys are now advertising Bankruptcy and Short Sale Services.  Using an attorney to facilitate a short sale is a concern for several reasons:  First of all, do you really think that the attorney you hire is going to make your short sale their top priority?  Are they going to do the work themselves, or will they hand it off to their office assistants and paralegals to do the work?  Most attorneys will not even make the time to meet with you personally.  Are you prepared to spend $2000 - $5000 to hire a paralegal assistant to protect your family?

 

While The Myers Team with The Caliber Realty Group are NOT attorneys, they are nationally recognized as one of the most influential figures in real estate today.  Additionally, they are the most experienced short sale Realtors in the city.  Since 2007, The Myers Team has sold more short sale listings than any Realtor or Broker in Nevada.  According to Myers Team member Lois Lee Greer, "Our service is 100% guaranteed, meaning if the bank rejects the short sale for any reason, you do not pay us a dime.  Our loyalty is to our clients.  Why pay for an expensive Attorney when you can be backed by the experience, knowledge and negotiating power of the Myers Team with no out of pocket expense?"

 

Visit Lois Lee Greer at http://www.LasVegasLuxuryShortSales.com

 

Visit The Myers Team web site at http://www.NevadaShortSaleInfo.com   

 

For Non-Short Sales, visit http://www.LasVegasList4Less.com

 

 

LAS VEGAS REAL ESTATE 3/21/12 UPDATE. PRICES +UP,INVENTORY DOWN. CHART ISSUES

Posted: 21 Mar 2012 02:17 PM PDT


The Las Vegas real Estate is "on fire" Ptrices are dramatically UP, inventory is DOWN and Rental demand is strong.
Investors are getting WICKED Cash Flow. BUY NOW
!

  





DON'T MISS! FREE LIST HUD PROPRTIES + GOVERNMENT FORCLOSURES  <-CLICK 

DAVID COOPER'S TEAM at SINCE 1917 REALTY HELPS YOU GET SUBSTANTIAL DISCOUNTS on LAS VEGAS HOMES FOR SALE

DAILY LIST OF HOMEPATH FORECLOSURES - 10% DOWN TO INVESTORS, 3% TO 1ST AND 2ND HOME BUYERS

DAILY LIST HUD PROPERTIES + GOVERNMENT FORECLOSURES. 100'S OF $60,000 TO $90,000 HOMES in good Areas with Great Rents

* professional work crews intact for all rehab and remodeling

*PROPERY MANAGEMENT 

*35 year track record TURN KEY SOLUTION to investing in homes in Las Vegas 

 CALL DAVID COOPER 702-499-7037
 
        
                          
email 
davidcooper@lasvegaswinner.org

I would like to trade my property in Texas for property in Las Vegas

Posted: 04 Mar 2012 09:11 AM PST

I am relocating to Las Vegas and would like to find someone who is willing to trade properties

Filed chap 13 in 2008 discharge in 2011. Two homes surrendered in BK. Last house out of our name 10/11. Credit 640s, great income. Can I buy home now?

Posted: 06 Mar 2012 09:50 AM PST

The Positive and Negative Sides of Foreclosed Homes

Posted: 21 Mar 2012 12:46 PM PDT

Homebuyers can expect to encounter distressed properties in the process of their search. These properties refer to Las Vegas Luxury foreclosed Homes or Homes which are on the list for short sales. There could be several advantages and disadvantages that are important to consider when buying one of Las Vegas Luxury foreclosed Homes.

The Bright Side of Las Vegas Luxury Foreclosed Homes

It is not by chance that Las Vegas has become a foreclosure capital. There are many buyers who opt for Homes in the city instead of other leading cities with competitive rates due to a number of positive points.

  • Price. Some of theneighborhoods in Vegas such as Holiday Park include foreclosures that have a price range of $0 to $32,000 – a bargain indeed! Additionally, the appreciation rate in the real estate of Las Vegas is at 4.5%. This means that a foreclosed property will be priced more expensively than other properties in other cities in the future.
  • Growth Opportunity. One of the most important benefits of choosingLas Vegas Luxury foreclosed Homes is the chance for growth in the future. Lake Las Vegas is a good example of one of the latest developments that have foreclosures yet was approved to start working into a new location. This indicates that the neighborhoods in Las Vegas are stable in general.
  • Small Difference with Rental Properties. The list of foreclosures in areas like Santa Barbara Village includes prices that are only a few dollars higher than the average apartment rates in the city. It is not just a wiser option but also a great investment strategy for anyone who intends to go for rental properties later in time.
  • Local Economy Strength. Centennials Hills, which is in the northwest side of the city, provides several Las Vegas foreclosed homes and condos. This particular area has become popular due to its flourishing local economy with special feature on the Centennial Center owning a massive area for retailers, food courts as well as theaters.

Despite the good sides of Las Vegas Luxury foreclosed Homes, there are also negative aspects. With the price range of foreclosures, unfortunately, these properties do not contain amenities found in master planned communities. Careful consideration in choosing foreclosed Homes is essential as some properties may consist of blocked views.

With the availability of Las Vegas Luxury foreclosed Homes, buyers must take extra attention on the properties that they are looking into. The enticing advantages of these Homes should not overlook the negative aspects. It is still strongly recommended to search carefully before the final decision.

Click here to speak to one of Las Vegas Luxury Homes Specialists or call 702-588-5858.

Las Vegas NV Area Short Sale Market Report

Posted: 18 Mar 2012 04:54 PM PDT

Las Vegas Area Short Sale Inventory Trends

Las Vegas Short Sales

Las Vegas Short Sale

The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month:  Active Listing Inventory has DECREASED by -1191 units. Under Contract has INCREASED by +1117 units. Sold units have INCREASED by +101 units.

There are many reasons for the lack of closings in this market and it is outlined in this post.

Short Sale Synopsis:

  • Listings 3/15/2012: 2965
  • Pending 3/15/2012: 10176
  • Closed February 2012: 1083

Short Sales Currently Account for:

  • 41% of All Las Vegas Valley Listings
  • 30% of All Las Vegas Valley Sales

Read here for last month's report on Las Vegas Area Short Sales.

Most Current Market Report For Short Sales

Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers

What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?

General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what's that?) It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.

View More FAQ About My Las Vegas Area Real Estate Market Reports.

Typical Move in Costs for Las Vegas Rental Homes

Posted: 18 Mar 2012 02:00 PM PDT

Sometimes it doesn't make sense at the moment to buy a home in the Las Vegas area – for whatever reason.  When you have to rent a house in Las Vegas, you will obviously what to know what is involved $$ wise in the beginning.

Typical Move In Costs to Rent a Las Vegas House:

It is always smart to plan ahead so you are ready when the time comes to find that Las Vegas rental home!

For starters, most landlords charge an application fee or administration fee just to process your application.  That fee is typically $50-100 per adult applicant.

Once your application has been approved you will typically need these deposits within 24-48 hours after your application has been approved:

  • 1st Month Rent
  • Security Deposit Equivalent to 1st Month Rent
  • Pet Fees Typically $300/animal
  • Cleaning Fees Typically $300
  • Key Fees Typically $100

For a person that has average or better credit with no pets should expect to pay 2.5 times the amount of the rent.  Let's just say rent is $1000 then you should end up spending around $2500 for move in costs.

For a person with damaged credit or pets, their deposits may be higher.  Sometimes in the 3.5-4 times range.  So a person with multiple pets and very bad credit may have to pay $3500-4000 to move into that same home that costs $1000 to rent a month.

Click Here -> to begin your Las Vegas rental house search.  Our services to assist you to find that perfect rental home are NO COST to you!  The landlord pays us our commission!

HOLY LOW INVENTORY BATMAN: Las Vegas Area Market Watch

Posted: 18 Mar 2012 09:27 AM PDT

Las Vegas Homes for Sale

**The Freefall Inventory Plunge Continues in Las Vegas!!!**

We are still squeezed for inventory.  New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight.  Multiple offers on well priced homes are widespread. Everyone from first time buyers to investors are taking advantage of "opportunity".

Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post.

Las Vegas Area Real Estate Market Watch was created for informational purposes only.

This is for all the buyers wondering "where is the inventory"? The inventory is here, this graph shows that buyer interest is extremely high and gobbling up all that new inventory coming online!

This is also for people saying "shadow inventory exists"! Well I believe it exists but it also exists in Las Vegas short sales which has tripled to quadrupled it's formerly stagnant close ratio since late spring.

These are Listing/Under Contract & Pending/Sold Trends from December 2007-March 2012.

Contracted closings are stalled because of the large amount of Las Vegas short sales that are contracted.

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