This is a follow-up  to an article I posted a few days ago about Reverse Mortgage basics. This posting will focus more on the pros and cons of getting a Reverse Mortgage. Everything I write about below is based on the assumption that you are considering a Home Equity Conversion Mortgage (H.E.C.M), which make up [...]

Las Vegas Real Estate, Las Vegas Reverse Mortgages Add new tag, finances, Las Vegas, Real estate, reverse mortgage, senior citzens

This article is to lay out the basics of a Las Vegas short sale. Let me begin with the definition, a short sale is essentially a real estate transaction where a lender who holds the note against a property approves a purchase contract between a legitimate buyer and seller for an amount that is less [...]

Las Vegas Loan Modifications, Las Vegas Real Estate, Las Vegas Short Sales las vegas loan modification, las vegas short sale process, Las Vegas Short Sales

I am writing about Reverse Mortgages for three basic reasons.  First, I used to sell Reverse Mortgages for a major US lender so I understand the subject well. Second, there are a lot of misconceptions about Reverse Mortgages which I hope to help correct here. Third, Reverse  Mortgages are gaining in use/acceptance and might be [...]

Las Vegas Real Estate, Las Vegas Reverse Mortgages buyer, Las Vegas, Real estate, refinance, reverse mortgage

Handling a Las Vegas Short Sale from start to finish takes on average approximately 3 months and a whole lot of work.  So it really irks me when a Bank/Lender calls my clients, especially after refusing to work with them and now offers a Loan Modification as an option.  Don’t get me wrong, I want [...]

Las Vegas Loan Modifications, Las Vegas Short Sales las vegas loan modification, Las Vegas Short Sales

In 2004 everyone wanted a career in Real Estate, especially in Las Vegas.  Homes were selling like hot cakes which almost guaranteed if you could list a home, you would receive a check.  We began to see a dramatic increase in newly licensed real estate agents in Las Vegas.  The negative effect of so many [...]

Las Vegas Real Estate Agents, Las Vegas Real Estate Career, North American Realty Las Vegas Real Estate, Las Vegas Real Estate Career, North American Realty

Which is Better for the Home Buyer in Las Vegas, a short sale or a foreclosure?
First some basic definitions of what a short sale and what a foreclosure is.
A Las Vegas short sale is a sale of real estate in which the proceeds from the sale are insufficient to cover the balance owed. In a [...]

Las Vegas Foreclosures, Las Vegas Short Sales Las Vegas Foreclosures, las vegas home buyer, Las Vegas Short Sales

I have noticed over the past year that there is an overwhelming amount of negativity in the real estate market.  I am a real estate broker and deal quite a bit with short sales.  I also handle many of my agents problems and find that the vast majority of these issues are simply born out [...]

Real Estate Industry Economy, Real Estate Market

It is definitely difficult to make a living as a real estate agent in today’s Las Vegas Real Estate market compared to a few years ago.   A few years ago, home prices were considerably higher with an average sales price of $300K but in todays market it has dropped to a little less than $200K.  [...]

Las Vegas Real Estate Agents, Search Engine Marketing, Social Media Marketing Las Vegas Real Estate, Las Vegas Real Estate Career, Sena & Associates

North American Realty of Nevada has launched our new website, www.VegasBuyer.com.  The new platform allows our agents to discuss the Las Vegas Real Estate Market and the areas they specialize.  Our current and future clients can get to know our agents, read their blog posts and search for homes for sale in the Las Vegas [...]

Las Vegas Real Estate, North American Realty Las Vegas Real Estate, North American Realty of Nevada