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Hank Lauzon III's Blog

By Hank Lauzon | Agent in Las Vegas, NV
  • Tips For Home Buyers... Location and Inspections

    Posted Under: Home Buying in Las Vegas, Foreclosure in Las Vegas, Investment Properties in Las Vegas  |  June 4, 2014 3:18 PM  |  174 views  |  No comments

    Tips for Home Buyers...!
    Location adds value to a home,...However, things may not always be as they seem. If you are considering purchasing in an area that is not hooked up to public utilities, you are going to have to be extra diligent with your inspection process. Septic Tanks, Wells, Zoning Research and land surveys may be necessary to protect your interests. 
  • Homebuyers...Do You Know How Much It Costs For A Buyer's Agent To Represent You..?

    Posted Under: Home Buying in Las Vegas, Foreclosure in Las Vegas, Property Q&A in Las Vegas  |  June 1, 2014 6:23 PM  |  144 views  |  No comments

    Tips For Home Buyers....!!

    Are you aware that,.. if you are a buyer,.. there is no charge to use a Realtor ?

    How is this possible ?

    Las Vegas Realtors get paid from the Seller's Side of the transaction.

    I have always been puzzled by people who are wary to let me set them up with a complimentary search engine or when they get nervous as I try to offer them advice. There is nothing to be scared of.

    Realtors have a tremendous amount of information about their local real estate market. They also have an arsenal of tools that they pay for which is not available to the general public.  By doing the work for you ahead of time, a good Realtor will save you countless hours of online research, thumbing through classifieds, driving into areas that may not be suitable to your lifestyle and chasing houses that are already under contract or have been sold.

    However, ... do not confuse the Realtor/Agent with the Broker. Agents are independant operatives who have to work under a broker and, in many cases, have to pay for the right to do so. These Brokerages may charge a transaction fee to the buyer of a few hundred dollars. This will only apply if the deal is seen through to completion and will be collected at the closing table as part of the transaction.  This fee may help to offset the Broker costs for Error and Omissions Insurance, Administration Costs and 5 years of Hard Copy Storage. Your Realtor can explain the benefits of this to you.

    Any home buyer has Everything To Gain and absolutely nothing to lose by allowing a Realtor to help find them their next home.

    Happy House Hunting...!

  • Las Vegas Buyers Market...???

    Posted Under: Home Buying in Las Vegas, Foreclosure in Las Vegas, Investment Properties in Las Vegas  |  December 2, 2013 6:39 PM  |  391 views  |  No comments

    Posted By Hank Lauzon - Las Vegas Realtor

    Is the Market changing in Las Vegas..?? Absoutely.....!!

    The typical Las Vegas Home that was down 70% from its peak has risen approximately 32% over the past 12 months. However,....conditions are definitely changing.  With the inception of New Legislation in Nevada, the still low record lending rates and the increase in Las Vegas Home Inventory it is becoming quite clear that the market is moving from "Hot Seller Market" towards a more favorable position for the buyers.

    Wether it is Summerlin, Aliante, Henderson or Mountains Edge the trend is pretty much the same. Foreclosure filings picked up in September and the banks have to adhere to certain guidelines that will complete the process in a more expedient manner. It is very possible to see a noteworthy increase in Foreclosure Activity by the second quarter of 2014. Long story short.... for those of you who are trying to time the market. Keep your eyes on Las Vegas.

    For those Las Vegas Homeowners who are interested in seeing what their home is worth before prices stabilize,... feel free to contact me for a Free Market Analysis.

    http://www.HanksLVRealestate.com  Hank Lauzon - Las Vegas Realtor


    Posted Under: Home Buying in Las Vegas, Foreclosure in Las Vegas, Investment Properties in Las Vegas  |  September 5, 2013 4:08 PM  |  469 views  |  No comments

    Home prices are improving,...recovery is spelled out in the headlines.,

    But Beware.....The New Threat..... "Zombies".......

    When a bank initiates foreclosure proceedings on a home and then abandons the process,..This leaves the property in limbo. It is not for sale but it is vacant.. This is the so-called “zombie” foreclosure.

    , There are an approximate 167,000 properties nationwide that fall into this category.

    There are hundreds of thousands of unlisted REOs and even more properties winding through lengthy judicial foreclosure procedures according to Realty Trac.

    “Unlisted foreclosures and bank walkaways used to be extremely rare, but they have mushroomed recently, ballooning into a large number of homes stuck in foreclosure limbo, sometimes for years,” RealtyTrac stated in its most recent issue of Foreclosure Report News.

    Bank of America has 23,966 foreclosure “zombies,” the most held by any bank, according to RealtyTrac.

    Wells Fargo is not far behind with 22,968, and JPMorgan Chase holds the third-highest inventory of foreclosure “zombies”-16,054 by RealtyTrac’s count.

    With 55,503, Florida is home to the highest number of unoccupied “zombie” properties.

    In total, RealtyTrac estimates there are about 1 million vacant homes that need to be sold but are currently out of reach for most real estate agents.

    Currently,.. Inventory shortages in real estate markets across the country are very common.

    These shortages, combined with high investor activity, have caused price surges in several markets. Some real estate professionals worry that investors have crowded out traditional buyers and artificially inflated property values in some areas. A full 8 percent of single-family homes in the Las Vegas metro-about 40,000 properties-are vacant, according to data from the Lied Institute at the University of Las Vegas.

    Posted By Your Las Vegas Realtor - Hank Lauzon


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