Something you see more and more of lately are home auctions. Banks are frequently turning to this approach to unload their foreclosed properties because they have so many of them to get off the books. Auctions serve an important function as a means to rapidly sell properties in a saturated market like Las Vegas. That being said, if [...]

Las Vegas Residential Home Auctions Las Vegas Real Estate, las vegas residential auctions

Builders are finally dropping their prices on new Las Vegas homes, partly in response to the fact that foreclosures will continue to drag down market prices for the near future. It is not uncommon to see prices now below $100 per square foot in many areas, when three years ago, $200 was nearly the standard [...]

Las Vegas New Homes las vegas homes, Las Vegas New Homes

Forget what you think your Las Vegas house is worth because it no longer is. Still reading? Good!  Now it is time for a little tough love for you sellers out there!.
If you are attempting to sell a house in the current Las Vegas market be prepared for an unpleasant surprise! That surprise is called [...]

Las Vegas Real Estate, Real Estate Industry, Real Estate Marketing Las Vegas Real Estate, selling your las vegas home

This 1976 Las Vegas Bank Owned Home is selling for $36 a square foot and includes a pool and spa!  This home is in good condition and has tile floors, big bedrooms, wains coating, large great room, nice pool/spa, and a good size lot with RV Parking.
You don’t want to pass on this awesome opportunity [...]

Las Vegas Bank Owned, Las Vegas REO, Las Vegas Real Estate, Las Vegas Real Estate Listings las vegas bank owned home, Las Vegas REO

Incredible Las Vegas Bank Owned home for less than $85 a square foot! Entire downstairs has travertine flooring.  Large open living space with a living and family room.  5 Bedrooms with 3 full bathrooms.  One of the largest lots in this Las Vegas subdivision, over 7000 square feet and fully landscaped.  This is not your [...]

Las Vegas Bank Owned, Las Vegas REO, Las Vegas Real Estate, Las Vegas Real Estate Listings Las Vegas Bank Owned, Las Vegas REO

With a new tax credit intended to turn around the battered housing market, federal plans to give buyers a subsidy of up to $15,000 for all home purchases is a great answer to some prayers.
Approved by the Senate on Wednesday February 4th, the new credit works like this: Buyers would get 10 percent of the [...]

Home Buyer Tax Credit, Real Estate Industry home buyer tax credit las vegas real estate market

A “foreclosed” home is one that is now owned by the bank. There is typically a Trustee Sale or auction that will take place in hopes that the home will sell quickly. In many cases the home will not sell at these events due to one of many possible reasons. Often the property doesn’t sell [...]

Las Vegas Foreclosures, Las Vegas Real Estate bank owned, forcloseure, Las Vegas Real Estate, REO

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