Las Vegas Real Estate News |  |
- THERE IS SO MUCH TALK ON THE INVENTORY OF HOUSES, IS IT GETTING BETTER, I AM LOOKING AT A DEL WEBB, HOW IS THAT MARKET
- Lender requires recent abstract of title that shows house's legal history
- Resale Homes Report
- Mulberry tree problem nothing to sneeze at
- Premier offers second chance to homebuyers
- Del Webb communities help homeowners connect with technology
- Phil Vassar to headline free Country in the Park concert
- Local real estate broker says Mira Villa has value
- Durango Ranch is all single-story
- Summerlin stylin' with May home design promotion
- Military families feel right at home
- Realtors, Agents, what should I look for in a Brokerage?
- <b>LAS VEGAS REAL ESTATE</b> HOMES FOR INVESTORS BUYING <b>...</b>
- The <b>Las Vegas Real Estate</b> Market is Red Hot!
- Top Secret Short Sale Tips
- Which Lenders Approve Short Sales?
- LAS VEGAS REAL ESTATE HOMES FOR INVESTORS BUYING WAY UP
- The Las Vegas Real Estate Market is Red Hot!
- Getting Homes Throughout Henderson - PDF
- will i be able to locate a loan without any downpayment?
| Posted: 05 May 2012 03:31 AM PDT | |||||
| Lender requires recent abstract of title that shows house's legal history Posted: 05 May 2012 02:04 AM PDT Q: I recently inquired at my bank concerning refinancing my home mortgage, and they told me they require an abstract of title. Can you tell me what that is and why the bank requires it? | |||||
| Posted: 05 May 2012 02:04 AM PDT Editor's note: Listings include the resale home's parcel number. Occasionally, the address listed is the homebuyer's mailing address and not the actual location of the home. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes. | |||||
| Mulberry tree problem nothing to sneeze at Posted: 05 May 2012 02:04 AM PDT Q: My husband and I live in a condominium with overgrown trees in front of our unit. We believe one of them is a mulberry tree. It drops a greenish-yellow pollen in the spring, and next to that tree is a berry tree that drops red berries all over the place. | |||||
| Premier offers second chance to homebuyers Posted: 05 May 2012 02:04 AM PDT Potential home shoppers often find themselves in a quandary as they wonder "Can I get a mortgage loan with today's new, tougher lending requirements?" | |||||
| Del Webb communities help homeowners connect with technology Posted: 05 May 2012 02:03 AM PDT Two Del Webb communities in the Las Vegas area are partnering with Best Buy and Geek Squad with an offer designed for people who love to entertain or want to stay connected with family and friends. | |||||
| Phil Vassar to headline free Country in the Park concert Posted: 05 May 2012 02:03 AM PDT Country music star Phil Vassar will perform in the free outdoor concert, Country in the Park, which is scheduled for May 12 in Mountain's Edge, a master-planned community in southwest Las Vegas. | |||||
| Local real estate broker says Mira Villa has value Posted: 05 May 2012 02:03 AM PDT Anthony Park, of Key Realty LLC, has been a real estate broker in Las Vegas for more than seven years. | |||||
| Durango Ranch is all single-story Posted: 05 May 2012 02:03 AM PDT Pardee Homes' new Durango Ranch is a popular choice among new-home shoppers, according to Regional Sales Director Rob Tuvell. | |||||
| Summerlin stylin' with May home design promotion Posted: 05 May 2012 02:03 AM PDT Individuals who purchase a new home in Summerlin during May will receive a $500 Las Vegas Design Center gift card and one hour of complimentary design consultation as part of a monthlong promotion, Summerlin Welcome Home. | |||||
| Military families feel right at home Posted: 05 May 2012 02:03 AM PDT Locally owned builder Harmony Homes continues to build a reputation for attracting and supporting military families, especially with its neighborhoods of Avalon and Laguna at Vista Cielo in the northern valley. | |||||
| Realtors, Agents, what should I look for in a Brokerage? Posted: 04 May 2012 09:49 PM PDT If I'm looking for a Real Estate company to join, what questions should I be asking? What can I expect to be offered? | |||||
| <b>LAS VEGAS REAL ESTATE</b> HOMES FOR INVESTORS BUYING <b>...</b> Posted: 04 May 2012 03:07 PM PDT Buoyed by record level of absentee purchases and continued strength in the sub-$200000 market, Las Vegas home sales rose to heights not seen in March for six years. Meanwhile, a Nevada law is drastically reducing the ... | |||||
| The <b>Las Vegas Real Estate</b> Market is Red Hot! Posted: 04 May 2012 02:23 PM PDT The Las Vegas real estate market has made a dramatic turn over the past few months. Several months ago it was still very much as it had been since 2008. The market was flat and even though the prices were low it still took a ... | |||||
| Posted: 04 May 2012 03:26 PM PDT Short Sales are known to be very difficult to sell, for a lot of reasons. Some home owners blame the banks for stonewalling the process. Many realtors agree. It's difficult to know where the blame is, but most experts agree that there is one secret to short sales that is more important than any other. If you have heard the phrase "devil is in the details" then it is easy to see how this applies to short sales. That particularily true when it comes to selling short sales. It is usually a detail that was forgotten or seemed small that keeps the deal from closing.
The biggest secret for closing short sales is to constantly train and get better at doing them. The internet is an easy place to find the latest information on short sales (beside a conversation with Dale, of course)! There are a number of great places to look:
The Bottom Line: If you plan to do real estate in 2012, it is important your Realtor be at the top of their short sale game. As a homeowner, the result of using an expert on short sales is that it increases the chances of selling a home successfully. | |||||
| Which Lenders Approve Short Sales? Posted: 04 May 2012 03:25 PM PDT In the world of short sales, many realtors and homeowners have wondered which lenders are the most efficient at selling short sales. Investors want to know which lenders are going to discount their short sales the most. In 2012 Fannie Mae, Freddie Mac and FHA have the fastest processing time for short sales with an average time of 193 days. This time frame is a decrease from 2011 when it was 248 days. Ally Financial came in second place with an average of 321 days to close a short sale, down from 393 days. PNC Financial Group was third, although it was taking more time to close short sales in 2012 than 2011.
Recently Fannie Mae and Freddie Mac began an initiative that forced lenders to acknowledge receiving offers on short sale properties in 3 business days. Additionally, lenders must has a response to any offer submitted on a short sale within 30 days. Lenders are required to have a formal response –to either accept or reject - a short sale offer within 60 days. Consumers and realtors applaud the effort to speed up the process of short sales, which have been named as one of the top reasons of the extended real estate crisis in many areas.  As for the number of successfully completed short sales in January 2012, Bank of America had the most with 5,276 properties, followed by Chase (2,967), Wells Fargo (2,788) and Bank of New York Mellon (1,401). These numbers mark an increase of over 10% over the same period in 2011.
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| LAS VEGAS REAL ESTATE HOMES FOR INVESTORS BUYING WAY UP Posted: 04 May 2012 03:07 PM PDT Buoyed by record level of absentee purchases and continued strength in the sub-$200,000 market, Las Vegas home sales rose to heights not seen in March for six years. Meanwhile, a Nevada law is drastically reducing the pace of foreclosures spanning the state. In March, 5,020 new and resale houses and condos sold in Las Vegas-Paradise metro area, up 18.4% above February 1.4% a year earlier, according to San Diego-based DataQuick. A jump in sales between February and March is normal. On average, sales have risen 28.4% between the two months since 1994. March sales were 2% above the average number sold during that month, and were the highest for a March since 2006, when 8,486 homes sold. http://www.housingwire.com/news/investors-vacation-home-buyers-boost-las-vegas-home-sales-march  I WILL FIND YOU THE PERFECT PROPERTY AT A GREAT PRICE. 35 YEARS EXPERIENCE
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| The Las Vegas Real Estate Market is Red Hot! Posted: 04 May 2012 02:23 PM PDT The Las Vegas real estate market has made a dramatic turn over the past few months. Several months ago it was still very much as it had been since 2008. The market was flat and even though the prices were low it still took a lot of effort to get an offer, much less a good offer on a property. Agents and buyers could be selective in what was viewed. Many buyers stuck with only viewing vacant foreclosures because there were enough of them available to not have to schedule a appointments to view occuppied short sale properties. At one point we had over 15,000 properties for sale. Fast forward to current day. There are currently less than 5,000 homes for sale in Las Vegas. This has caused agents and buyers to look at whatever properties are available, whether they are short sales, foreclosures, or regular equity sales. I have found many properties recently that are in multiple bid situations within days of being listed! Most properties are being fought after in bidding wars. It's turning into 2007 all over again but still at relatively low prices. These bidding wars are causing properties to be sold above list price. That's fine if you are a cash buyer. On the other hand, if you are financing, this may cause unexpected problems. This massive uptick is still relatively new. Your lender must have an appraisal done on the property to make sure they aren't lending more money than the property is worth. The appraisal is based on what surrounding properties have sold for within the past 90 days. If the property you are buying comes in at a value less than your bid amount you have to come to closing with that overage amount. Las Vegas hit the bottom at the end of last year and prices are beginning to rise. The prices will rise at a fairly slow rate since the sales are still dependant on appraisals based on the previous 90 days. What this means to you as a seller? Now is a perfect time to sell! Properties are getting snatched up quickly. There are no more low ball offers that you have to settle for. Low ball offers are a thing of the past. If you are underwater (owe more than the current value of your home) you will stay underwater for the next several years. If you are looking to get out of your current situation this is the time to make it happen. I would be happy to talk with you about your options and current home value. What this means to you as a buyer? The prices are beginning to go back up. The quickness of the climb depends on the ratio of cash buyers to financed buyers. Interest rates are also still at record lows. There is no better time to buy than now because we are still so close to the bottom of the market. It may take several tries to win a bid on a property. Even though the inventory is low there is still some good stuff out there. You could buy an existing home or a new construction home. I get a list of the builders inventory, prices, and incentives. I can help you find an existing home or a new construction home without having to drive all over Las Vegas. Let's face it, with these gas prices that is a true benefit! I work with a lot of Military personnel when they are moving into or out of the Las Vegas area. If you are relocating to Las Vegas I can help you determine what area of town you want to focus on by sending you listings before you even step foot into Las Vegas. I have found my past two neighborhoods that way before I even started physically looking at properties. Contact me if you are looking to buy or sell in Las Vegas. I'm here for you! http://www.vegasrealestateshop.com Amy Kohlin / EXIT Las Vegas Realty Center / kohlinamy@yahoo.com / 702.267.7933 | |||||
| Getting Homes Throughout Henderson - PDF Posted: 04 May 2012 02:04 AM PDT The Henderson real estate market is booming. thanks in some areas of the Henderson housing business has ended 23% regarding 2004 ! Henderson individual family properties is found through the entire area. Individual ... | |||||
| will i be able to locate a loan without any downpayment? Posted: 04 May 2012 01:37 PM PDT Will i be able to locate someone to make me a loan to purchase a home or condo, I have no money down, maybe can pick up 1% that is all. |
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