Short Sales are definitely not “short”!  Short Sales usually take anywhere from 90 days to 180 days to get approved.  The reason why most short sales don’t close successfully is because buyers don’t have the patience to wait that long for the transaction to be approved.  There are a few things that can be done by the listing agent to help improve the chances of the short sale getting approved and in less time.

If you are interested in selling your home and you owe more than it is worth, we should talk about doing a short sale.  We can be reached at 702.376.0088 or you can complete our contact form.  Click on the link for more information on Las Vegas Short Sales.

Lake Las Vegas is a place one can’t keep boasting about, it is the home to two of the most renowned global chain of hotels; the prestigious Ritz-Carlton and the Hyatt regency. Apart from the unflappable grandness of these hotels, Lake Las Vegas puts on the platter few of the most challenging golf courses; the public one’s for the “mainstreeters” and the private one for the elite. The courses are built in a fashion that it takes the mountain and the lake within its compass.

Jack Nicklaus, the undisputed great of the golfing arena has used his insight to construct Reflection Bay Golf club. Tom Weiskopf’s Falls Golf Club is a piece of sheer delight running through lush tans, erratic mountain slopes and hindering lake. So you have got to work your way up the birdie.

Lake Las Vegas homes area tribute to the Mediterranean concept of house-making. Owing to the reflective natural neighborhoods and the artistic desert settings, the place offers a touch of nomadic with the urban theme. The houses are built with a classical mindset and offers variable patterns.

Many Lake Las Vegas neighborhoods offer the peace of an enclave even while being replete with almost all the amenities modern day has to present. Bella Fiore is highly rated and this reflects in its shooting prices. Manicured greens and green lush fields run alongside the desert setting creating a wide repertoire of nature-based emotions. The homes and ranches are readily available at different altitudes.

Now for the modern side of the neighborhoods; the houses are replete with private Casitas, Master suites, internal courtyards and outdoor fireplaces. Floor plans are distinctive. The carpet area setting enhances from 2822 to 4376 square feet. At $ 700000, the prices are still reasonable, considering the flats mostly have five bedrooms and nearly four and a half baths. The houses have oil-rubbed bronze rubbed hardware and fiberglass doors. The homes include volume ceilings and are effected with fire sprinkler systems. They also have the out-of-convention setting of gourmet kitchens with raised panels and stern countertops. Home networks are complete with ultra speed digital 5 wiring.

If you are interested in a private showing in the Lake Las Vegas area, please contact us 702.376.0088!

Even though you might look at renting a home as a setback, if you look at it from a different aspect, it could actually be just what you needed.  Majority of the time, the rent that you are paying is much less than what your monthly mortgage payment was and you are no longer responsible for paying home owner association fees.  If you add the savings between the two, this extra money can help pay down some other debts that you may have or save the money for a future down payment on a home.

You also don’t have to worry about fixing items that break or are need of repair, just call the property management firm that is representing the homeowner and they will handle it.

If you are in the market for a rental home, feel free to contact us and we can assist you in finding the right rental home in Las Vegas for you!  We can be reached at 702.376.0088 or fill out our Contact Form!

Your desire to purchase a piece of Las Vegas real estate can easily become overshadowed by your inability to purchase one. Before calling a real estate agent, there are a few, important questions to ask yourself:

• Do I have a steady job? This is one of the first things a lender will want to know when you apply for a mortgage. Keeping a job for at least two years, or staying in a similar field for the same length of time, shows a lender that you are a good credit risk and that you’ll be able to pay your bills with a steady source of income.

Bottom line: if you’re in the market to purchase a home, now is not the time to change jobs. And if you haven’t achieved a steady work history, you’ll need to work on that before applying for a mortgage.

• How is my history of paying bills? A good credit history is a must when applying for a mortgage, as a lender needs to see a steady history of paying bills. And that doesn’t just mean your car and credit card payments. What about utility bills? Medical bills? Student loan bills? If any of these have fallen by the waist side, immediately get them up to date and establish at least six months worth of on-time payments before applying for a mortgage.
• How much debt am I carrying? Although you may be managing your debt and paying your bills on time, a lender will look at your “debt ratio,” which is essentially the ratio of money going out on loans and credit cards and money coming in through your salary. If your debt ratio exceeds a certain percentage (lenders vary on this), you’ll need to pay down some of your debt before applying for a mortgage.
• Do I have enough money saved for a down payment? Gone are the days of no-money-down mortgages. With the current credit crisis, most lenders require at least 10 to 20 percent down. Once again, if you haven’t achieved this, take another six months or so and continue to save money toward a healthy down payment.

Provided by the writing team of Richard Soto. Richard is a real estate broker who works in the Dallas Texas real estate, Alamo Heights real estate & Bexar County real estate markets.

Many experts predict that Las Vegas will continue to grow but will have to come up with solutions for water resources, education and infrastructure.  Las Vegas is already experiencing a construction boom on the Las Vegas Strip.  There are numerous projects under construction but none come close to the massive project on the south end of the Las Vegas Strip called City Center.  Project City Center is a project that consists of condos, hotels, casinos and retail district sitting within a 76 acre area.  You can easily say that Project City Center is a city within a city!

Even though home prices are still dropping in the Las Vegas Valley, you can rest assured that home prices will begin to stabilize very soon.  The reason I say that is because many foreclosures that are placed on the market for sale are receiving multiple offers.  When homes receive multiple offers, it usually means the property is priced below market value.  You can see why Las Vegas real estate is a great investment!

Las Vegas is poised for a strong come back in the years to come!  If you are looking to buy your first home or an investment property, you can’t go wrong with choosing a home in Las Vegas!

A few of the Las Vegas Homes they picked out to see were short sales and required I call to confirm with the seller to make sure we could see the property.  All together there were 5 properties that were occuppied and required I called.  So following the request of the listing agent, I called all 5 properties well in advance of the times that we wanted to view the homes.  Out of the 5 properties, all but 1 of them gave me grief about the time we wanted to view the property.  I politely said to the sellers, I have a qualified buyer that wants to view your home today at this time, if you can’t work it in your schedule, I appreciate your time but I will not have my buyer work around your schedule and come back another day that is more convenient for you!  I mean come on, do you really want to sell your home?

We ended up seeing 3 of the 5 properties that were occuppied.  The other 2 would not let us see it at the times we were in the area?  I surmised that they really didn’t want to sell their home!

A piece of advice to sellers, we are in a buyer’s market, you have to be a little flexible when it comes to selling your Las Vegas Home.  If your home is priced right, you are going to have buyers that want to see your home at different times throughout the day and if you really want to sell it, you are going to have to allow these buyers to view your home.

Many sellers are faced with these questions, yet there is no clear-cut answer. A seller’s market, for example, is usually in a seller’s favor regarding home improvements. Yet in a buyer’s market, when there is a large inventory of homes on the market, your house may be passed over for another one which needs no improvements.

The first thing you can do before embarking on a costly home improvement project is to research other Las Vegas homes and visit them during open houses. If most of the homes in the area have updated kitchens, for example, it may be well worth your while to spruce up your kitchen. And this doesn’t have to mean granite countertops and maple cabinets, either. Often a change of hardware and a fresh coat of the paint on the cabinets can make all the difference.

Most real estate experts will tell you that kitchens and bathrooms offer the highest rate of return, which is true. However, tearing apart your bathroom and completely updating it with a Jacuzzi tub and overhead skylights could cost you thousands of dollars, some of which you may not see again. Scale back any renovation projects and instead opt for a neutral, updated look without the fancy extras.

Some home improvements, however, should always be tended to before listing your home. These include:

• Repairing, patching and painting walls
• Repairing or replacing any broken appliances
• Repairing or replacing the HVAC system
• Repairing leaky faucets
• Replacing old or outdated light fixtures
• Replacing worn carpet or torn linoleum
• Repairing the roof
• Replacing any broken windows

Author Bio:

Visit the VIP Realty website for more information on property marketing in the San Antonio real estate area. There you’ll find buyer and seller service details, information on local communities, details on Alamo Heights real estate, Dallas Condos , and resources on a wide variety of other home styles.

I was speaking with a Canadian client the other day and it appears that there is alot of media coverage in Canada about the which real estate markets are ripe for investing in the United States and Las Vegas is at the top of the list.

According to Dan Green with “The Mortgage Report,”

Foreign national mortgages are still available in the United States

Downpayment requirements are low — 10 or 20 percent, depending

Interest rates are reasonable and are not “monthly adjusting”

There’s no forbidden property types — condo, condotels, and multi-units are all okay

Even though Dan Green has stated that there are some programs that require as little as 10% down, I haven’t seen or heard of these programs.  The best I have found for any of my clients was 25% down.  But with lender guidelines changing almost daily, I would recommend that you speak with a local Las Vegas Loan Officer like Mark Madsen.

If you are thinking of investing in Las Vegas Real Estate, take advantage of the home prices while you can as we all know, home prices will eventually rise!  You can begin your search for homes for sale in Las Vegas by clicking on the link below:

Las Vegas Homes for Sale

The buyer chooses a closing agent who will represent the closing and will coordinate all of the documents and disbursement of funds from one party to the other. Both the buyers and the seller’s real estate agents will be present, as well as a representative of the lender and any real estate attorneys.

As the buyer, be prepared to review and sign a large variety of documents related to your loan, and to pay the closing costs. Some of the typical closing costs include:

• Inspection fees
• Pest Inspection fees
• Underwriting fee
• Tax service fee
• Prepayment of taxes
• Attorney’s fees
• Origination fee
• Title insurance
• Appraisal fee
• Credit report fee
• Recording fees
• Interim Interest
• Private Mortgage Insurance payment

As the buyer, you will receive quite a few documents that you’ll need to review and sign at closing. They are as follows:

• HUD-1 Statement - This settlement sheet itemizes the services and lists the charges for both the buyer and the seller. You will likely receive this form in advance so that you can have a good idea of what your closing costs will be.
• Truth-in-Lending Statement - Your lender will have likely given you this document a few days before closing, as it outlines the costs of your loan. It is likely that the APR calculated by the lender will change slightly at closing.
• The Promissory Note - This is a legal document that basically outlines the buyers promise to the pay the lender according to the agreed-upon terms. It will also detail the repercussions should you not pay on the loan as promised.
• The Mortgage - Your mortgage is the legal document that basically gives the lender claim against the property if you default on the loan.
• Seller’s Affidavits - Seller’s affidavits can be numerous and can vary.
• The Deed - The seller will sign the deed. You, the buyer, should receive a copy of the deed at closing.

Author Bio:

Visit the VIP Realty website for more information on property marketing in the Dallas real estate area. There you’ll find buyer and seller service details, information on local communities, details on Dallas Texas Condos & Irving real estate, and resources on a wide variety of other home styles.

The FBI is currently investigating whether individuals were placed on Homeowner Associations boards in order to direct business to certain businesses regarding construction defect claims.  Nine locations around the Las Vegas Valley were raided including the head quarters for Silver Lining Construction as investigators looked for documentation, notes and any correspondence that related to their investigation.

The investigation is still on going.

For more information on this story, click on the link to the Las Vegas Review Journal.