We just need more info to assist you.
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Realty One Group
Contact me with the address and I will be glad to assist you
If I can be of further assistance and answer
Any of your other questions please contact me
Realty One Group
CERTIFIED FOORECLOSURE ALTERNATIVES CONSULTANT (CFAC)
I KNOW LAS VEGAS AND HAVE FOR OVER 40 YEARS
are you moving in or is this an investment?
Is the home vacant as far as you can tell?
What is the reason for this specific home?
Phil Scheinman, ABR, GRI, E-PRO
Broker * Sales Agent * Realtor
2831 St. Rose ParkwaySte. 100
Las Vegas, NV 89074
The key is price and you must be prepared. You must also have a prequalification letter with you to hand to them and you know you will want to do inspections.
If I were you, I would contact a realtor and do it the right way with a realtor doing the work for you so you will have no regrets in overlooking something that is important.
I would be happy to help you out. You can visit me on my website: http://www.beckysellslasvegas.com.
Good Luck!! Becky
Is the home you are interested in owned by a bank, or is it a private party, what we now call a traditional seller? If it is owned by a bank, there is virtually no way to approach them unless it is a very small local bank. The larger banks are so bound up in red tape that no one can make a decision, and you usually just have to wait until the property is put on the market.
If the property is owned by a traditional seller, Larry and Myra both mentioned something that you really need to keep in mind: when you approach the seller of a home that is not for sale, be prepared to pay over market value. This is a person who had no intention of moving, and the only reason to do so would be to make a tidy profit that more than compensates for the inconvenience and expense.
That being said, if you really want the house, the faster you can tie up the deal, the better off you are likely to be. The longer the seller has to think about the inconvenience and the more he/she has time to calculate the actual expense of moving, the higher the price is going to become. Usually you can expect to pay anywhere from 10% or more above market purchasing a home this way.
Could you share the reason for purchasing this one particular home? Would another similar home in the same neighborhood work as well? I have had great success canvassing specific neighborhoods for buyers. The idea is to locate a seller who was thinking about selling anyway and purchase the home before it goes on the market. You are still likely to pay a bit above market, but not as much as targeting just one specific home.
If this is something you would like to discuss in more detail, please feel free to give me a call. If this is a larger neighborhood, you can check what has sold recently online at:
Choose the status "S" for "sold" from the drop down, then look under "developments" to see if this neighborhood is listed. If it is, you will be able to see all the sales from the past 12 months.
If this property is located in a neighborhood that is not listed, just send us email us the address and we can send you a free market analysis with as much detail as you know about the home's upgrades and condition.
Hope this helps!
Prudential Americana Group Realtors
The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"
1. Have the agent find out who owns the property
2. Have the agent get a report if there are any derogatory liens, or bills against the property
3. Have the agent do a BPO price estimate. Brokers Professional Opinion on the value of the home.
4. Have your agent approach the owner of the property about a possible sale.
An agent can give your perspective about what would be a reasonable offer. Also, it is a good idea to negotiate what the agents fee would be. A quality agent will help you negotiate for a successful purchase. And, he or she will make sure your rights are protected. And, he or she will help you navigate the escrow process. Good luck.