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Todd Miller's Blog

By Todd Miller | Agent in Las Vegas, NV
  • Las Vegas Short Sales Explained

    Posted Under: Foreclosure in Las Vegas  |  August 20, 2012 7:36 AM  |  517 views  |  No comments
    Short sales are said to be the most complicated processes that you can take if you are in the real estate industry. There are a lot of things that you need to know about it, and you need to make sure that you are going to work well if you want to get the most out of it. The problem with a lot of people is that they are not aware of the things that they need to do when getting in short sales. Read on to find out more about this transaction and to know the things that should be done with it.

    When we say short sale, it refers to a property that is being sold for a price that is lower than the mortgage. It is often done by people who lost their capability to settle their mortgage and those who no longer have any option but to sell the property to get rid of their obligation. In most cases, these types of transactions are not presented by real estate agents, because they will be getting less commission from it. They will also be doing a lot of things when doing a short sale, which is the reason why they are not eager to sell these properties.

    If you want to be sure that you will really get the property for a price lower than its mortgage, it would be better if you are going to get an appraiser who can tell you the estimated price of the property. Although real estate appraisal is not that accurate, it will still give you an idea of whether the property is really a good deal or not. You also need to make sure that you are not going to use the property anytime soon, because short sale transactions often take about 6 months before the title will be transferred to your name.

    Although short sale properties are priced lower than the mortgage, it doesn’t mean that buying it is a good deal. You still need to assess several factors before you can be assured that you will really get the most out of your investment. This is a very important step, but a lot of people don’t really understand the importance of doing this step. This will ensure that you will be getting the most out of your money, and will allow you to get the highest return on investment possible.

    It would take us a lot of time if we are to discuss everything about short sales in Las Vegas, and I cannot assure you that you will understand everything about it with one meeting. If you are really eager to enter Las Vegas short sales immediately, I would suggest that you simply get a real estate professional like Todd Miller who can explain everything to you.
  • Succesful Las Vegas Realtor - How to Become One

    Posted Under: Home Buying in Las Vegas, Foreclosure in Las Vegas, Property Q&A in Las Vegas  |  May 21, 2012 3:00 AM  |  323 views  |  No comments
    Being a realtor is not a guarantee that you will be successful with your career. You still need to be sure that you are going to do the right things in order to get the best results. The problem is that there are a lot of people who are not aware of the things that should be done in order to become a successful realtor. As we go through this article, we will be discussing some of the things that you need to do in order to be more successful as a realtor. Read on to find out how you can establish yourself as one of the best in your area when it comes to choosing the best properties.

    Learn how to put the interest of your clients before your interest.

    If you want to be successful with your career, you need to make sure that you are going to put the interest of your clients before your own interest. There are a lot of realtors who are only after the money that they will get from the sale. If you want to be successful, you need to make sure that you are going to consider the interest of your clients before you even think of the benefits that you will gain.

    Learn how you can be honest despite the negativity of the property.

    We all know that a client is after the beauty of the house that they are looking at, but as a realtor, you need to be sure that you are going to tell them everything that they need to know about the property. If you want to establish yourself as the best in your area, you need to learn how you can be honest and learn the importance of telling your clients about the things that they can expect from the property. This will save your clients from the frustration and will ensure that they really want to buy the house because they need it.

    Learn how you can build rapport and increase your network for more clients.

    The most important thing that you can do if you want to be a successful realtor is to build rapport with your clients. This will help you increase your network and will ensure that you will be successful with your career. Just make sure that people who are in your network trust your skills, and this is the reason why you need to build a good rapport.

    There are a lot of things that a Las Vegas Realtor can do for you in order to get better investment opportunities. The fact that Realtor in Las Vegas have a list of properties that are listed for sale makes them very important for people who are trying to invest in the market. If you are still in search for a reliable Realtor Las Vegas, then it would be better if you are going to visit our website now!
  • How To Decide Between Las Vegas Short Sales and Foreclosures

    Posted Under: Home Buying in Las Vegas, Home Selling in Las Vegas, Foreclosure in Las Vegas  |  April 13, 2012 1:24 AM  |  380 views  |  No comments
    Short sales and foreclosures are two of the most common terms that you will hear in the real estate industry. Unfortunately, there are a lot of people who think that both terms are the same, while there are some who don't actually know what these terms really mean. This is the reason why there are people who are not getting the most out of their investments. If you really want to get the most out of the money that you are going to spend, it would be better if you are going to learn more about these terms. Read on to find out how you can decide whether short sales or foreclosure would be better for you.

    When deciding between two processes, the best option would depend on the current situation where you are in. There are people who would get the best results by getting into short sales, but have decided to get into foreclosure because they can be free from any fees that will be charged unto them. However, there are also some who will get better results from foreclosure but have decided to get into short sales because this will help them recover their credit rating quicker. This will be beneficial in the long run, because this will allow you to take out another loan in the next few years.

    Now, if you want to find out how you can decide whether you will get into short sale or foreclosure, the first thing that you need to consider is your financial capability. Not everyone who is getting into foreclosure are people who are bankrupted. Some of them still have the money, though they no longer have the ability to keep their mortgage. If you still have the money, then it would be better if you are going to get into short sales, because the fee that will be charge on you should be settled within the next few years. This will help you maintain your credit rating with fewer deductions, making it easier for you to recover within the next few years.

    Foreclosures are done by people who really don't have the money and are not capable of settling small fees. Although this will give you more credit deductions, you will be saved from any fees that will be charged on you. This won't be a good option for a lot of people, especially those who still have the financial capability, but it would be, if you don't have any other option left. This is the only time when foreclosure will be beneficial for you. It would be better if you are going to get a professional who can help you make your decisions when it comes to choosing between short sales and foreclosures.

    Understanding Las Vegas Short Sales is not impossible, but it will take a lot of time. If you want to save time, then it would be better if you are going to get a professional who can explain it to you. You can also visit our website now to learn more about Las Vegas Short Sales, and to find out how we can help you be successful with it.
  • Finding The Most Ideal Las Vegas Real Estate Agent

    Posted Under: Home Buying in Las Vegas, Home Selling in Las Vegas, Foreclosure in Las Vegas  |  February 23, 2012 2:40 AM  |  279 views  |  No comments
    Buying a real estate property is not something that should be taken lightly. In fact, it could be one of the biggest investments that you can make in your lifetime, so you need to make sure that you will be spending enough time for it. It is also the reason why you need to make sure that you will be looking for the best Las Vegas real estate agent. But what are the things that you need to do and how will you be able to determine whether you are looking at a good Las Vegas real estate agent?
     
    Although it is a requirement for agents to have their license before they can call themselves agents, there are still some who are claiming to be a Las Vegas real estate agent without it. If you want to get a great service from an agent, you need to make sure that he has the license to operate, and that he knows the basics of the real estate industry. Why would you entrust your investment to an agent who doesn’t even have his own license?
     
    The best Las Vegas real estate agent may not be the best, because those who wanted to establish themselves in the real estate industry are aiming to be realtors. However, there are still some agents that are capable of providing you with great investment advices that will be beneficial for you. Although the best agents are becoming realtors, it doesn’t mean that you won’t be able to find an agent who is capable of providing you with the service that you need. There are still a lot of agents that can be found on the Internet, and by doing this, you will be able to easily find the one who can give you what you need.
     
    The next thing that you need to do is to make sure that he has enough feedback coming from previous customers. There are a lot of agents who are claiming to be the best in the industry, but haven’t received any feedback from his clients. Not having feedbacks from people only means that he either is new in the industry or hasn’t done anything since he started his career.
     
    You can also have a Las Vegas real estate agent for an interview to determine whether he really has the skills that you are looking for. Keep in mind the personal interview will reveal a lot of things about an agent and this will also help you determine whether he has the ability to provide you with the service that you are looking for or not. Aside from this, interviewing a Las Vegas real estate agent will help you find out if he is a “real” real estate agent or a salesperson.
              
    Finding a Las Vegas real estate agent is really not that hard. There are thousands of agents that you find, and most of them can provide you with the service that you are expecting from a Real Estate Agent Las Vegas. You can also visit my website now if you want to learn more about finding a good Las Vegas real estate agent.
  • Real Info About Las Vegas Short Sales

    Posted Under: General Area in Las Vegas, Foreclosure in Las Vegas  |  February 23, 2012 2:37 AM  |  339 views  |  No comments
    There are a lot of things that you need to know about Las Vegas short sales, and you need to be familiar with these things if you want to get the most out of it. I said “Las Vegas Short Sales” because different states have their own rules when it comes to getting into this kind of transaction. As we go through this article, we will be discussing some of the things that you can get from it, including the things that you need to know about Las Vegas short sales.

    Even though there are different things that you can get from short sales in different states, the process itself refers to a property being sold at a price lower than the total amount of mortgage. It means that the seller simply wants the mortgage to be cleared, and the buyer will get the property without paying for it at a full price. There are several reasons why a person would get into a short sale, but almost all of them would want their property to be disposed because they want to be free from their mortgage.

    In Las Vegas, someone who is preparing for their house to be foreclosed gets into such short sale, because they either want to find a buyer who can pay for their mortgage, or they are using it to delay foreclosure and be able to find someone who can provide them with the money that they need. This is a very common practice in Las Vegas, because getting into short sale will give the owner about 60 days to have their property be sold.

    Aside from this, someone who is under Las Vegas short sales has all the right to claim his property as his own until the bank takes his property – after 60 days. This is more than enough to look for someone who can buy your property or lend you the money that you need to settle your debt. There are also some owners who are using Las Vegas short sales in order to get more time to further delay the foreclosure of their house. In fact, there is a method that will allow you to delay foreclosure for 68 months, but this process would take a lot of time, and getting into Las Vegas short sales will help you get all the time that you need.

    It is true that there are a lot of things that you can get from Las Vegas short sales, but you still need to make sure that you will be doing it properly because there are consequences associated with it. If you want to be sure with the process that you are taking, it would be better if you are going to get the help of a professional who can explain the whole process.

    There are a lot of other things that you need to know about Las Vegas Short Sales, so it would be better if you are going to get help from someone who really knows the industry. Visit my website www.ToddMillerTV.com now if you want to have more information about Las Vegas Short Sales.
  • Is it worth investing in the Las Vegas Real Estate market?

    Posted Under: Home Buying in Las Vegas, Home Selling in Las Vegas, Foreclosure in Las Vegas  |  March 11, 2011 2:43 PM  |  564 views  |  No comments

    Investing in Las Vegas real estate used to be a gambler's paradise because buying houses almost always promised a good return on investment. Sadly, the recession severely impacted the area which is now ranked at the top of cities with the highest rates of foreclosure.

    Those who invested during the construction boom are now left owing more than properties are worth. Many are forced to accept lower rental income or reduced purchase offers to offset financial losses.

    While the news is rather gloomy for those who purchased investment properties prior to the recession, the forecast is quite sunny for those considering investing in residential properties located within Southern, Nevada.

    Industry expert, RealtyTrac, reports the average sale price of Las Vegas foreclosure houses is $123,500. By comparison, in 2005 these same properties were selling at around $300,000. No one predicted Vegas real estate would depreciate by more than 40-percent over the course of 5 years.

    While realty statistics appear gloomy, Las Vegas has become a hot market for real estate investors. DataQuick Information Systems of San Diego reports investors purchased nearly half of residential properties sold in Vegas during December 2010. The report also states more than 50-percent of those purchases were made with cash.

    Investors who buy houses with cash can save up to 20-percent off the asking price. DataQuick reports median prices of Las Vegas homes purchased with cash during the last part of 2010 was $89,250 compared to $100,000 just a year ago.

    Buying houses with cash gives investors additional benefits. The primary advantage is investors do not have a mortgage payment to meet each month. Secondly, cash offers provide negotiation leverage. Banks love cash offers because it reduces closing time and eliminates the need to undergo the financing process.

    Due to the high number of foreclosures, Las Vegas is actually a very good market for investors. When looking for properties it can be to the benefit of the investor to look at bank owned properties, ones that have been listed for more than 6 months.

    Bank owned properties are houses that have been repossessed by banks due to foreclosure. Once they repossess houses they are responsible for safeguarding them until they are sold. Therefore, they want to sell distressed properties as quickly as possible.

    Investors can further capitalize savings by investing in foreclosure houses that qualify for HUDs Neighborhood Stabilization Program. The government provides NSP grants to investors that buy houses in communities with high rates of foreclosure.

    A housing market report provided by HUD states Nevada receives nearly $70 million in NSP grant funds. Qualified applicants can obtain up to 20-percent of the purchase price in grant money. Better yet, investors can receive up to 5 NSP grants for qualified properties.

    NSP grants are only offered for bank owned properties. This is a non-issue as thousands of bank foreclosures are listed for sale in Las Vegas. However, investors should submit applications as quickly as possible before allocated funds are exhausted.

    Prior to investing in Las Vegas real estate it is imperative to become familiar with the area and types of properties for sale. It can be beneficial to work with a realtor to obtain comparable sales reports and advise of areas with high levels of anticipated growth.

    Last, but not least, consider investing in short sale and bank owned properties; especially those that qualify for NSP grants. Investors who purchase Las Vegas real estate should be prepared to hold properties for at least 5 years to generate a good return on investment.

  • Whats current in the Las Vegas real estate market.

    Posted Under: Home Buying in Las Vegas, Home Selling in Las Vegas, Foreclosure in Las Vegas  |  March 11, 2011 2:15 PM  |  518 views  |  No comments
    Whats going on in the real estate market today? Its kind of interesting, 20% of the market are bank owned homes, 40% are short sales, 40% are equity sales. Another interesting statistic, 60% of all houses being purchased are not paid for with cash, they are FHA. In March alone there were 3,175 sales of single family homes in Las Vegas. That is 6.5 increase from last year. There is alot of opportunity in the market.
 
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