Damon Botticelli

I'm a:	Real Estate Professional
Company:	Realty One Group
Location:	Las Vegas
Web sites:	Las Vegas Real Estate, MLS Search, Community & School Reports, Home Values, Market Stats & more...
	Free Las Vegas Foreclosure Lists

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About Me

About me: I've been a real estate agent in Las Vegas for over 8 years. I work with Realty One Group, the largest real estate company in Nevada and I specialize in residential property and residential investment property in Summerlin, Northwest and Southwest Las Vegas. I also service North, South, and East Las Vegas and Henderson.

To search homes for sale or for rent on the MLS, view community and school reports, find out how much your home is worth, view maps and market statistics, market news, mortgage calculators and more... visit my website at http://www.VegasProperty4u.com

For free Las Vegas foreclosure lists, visit http://www.Foreclosures.InvestInVegas.us

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Damon Bottic…'s Questions (4)

Damon Bottic…'s Answers (57)

I am interested in this property. What is the selling price and all the HOA and taxe please.?

Asked Fri Nov 7 2008, 12:23 by Simon - Las Vegas - Home Buying - 5 answers

Damon Botticelli answered:

Listing agent says HOA is $240/month and tax is $819/year. It's currently OFF the market. It was listed as a short sale with association litigation in an incomplete development with potential liens on title. I suggest you interview and hire a buyers agent to avoid some of the pitfalls of buying in today's market. Most buyers agents, myself included, will help at no cost to you, as compensation is offered through the listing broker. - Fri Nov 7 2008, 12:55

Will this home be going up for auction? Also will there be a showing on this home if so what are the dates?

Asked Mon Nov 3 2008, 16:47 by Kelsey - Las Vegas - Home Buying - 2 answers

Damon Botticelli answered:

Hi Kelsey,

That home on Westwind is a bank owned property and has been owned by the bank for about about a year. The bank has had it listed for sale since January, and it just went under contract on 10/31/08 with an estimated closing date of 11/25/08.

If you'd like to stay on top of current listings including bank owned property you can fill out a property request here: http://www.vegasproperty4u.com/property_request.shtml - Mon Nov 3 2008, 18:21

Is this normal pricing ..what is the catch?

Asked Sun Oct 26 2008, 11:20 by Mike - 89103 - Home Buying - 7 answers

Damon Botticelli answered:

The "catch" is that this is a short sale. So even if you offer full price, there won't be enough to pay off the underlying mortgage. The current note holder will have to approve the sale price and the amount they're willing write off. Also, as with any HOA, you'll want to look carefully at the budget and the monthly dues.

That said, there's no harm in putting in an offer on a short sale. With most short sales you should be prepared to wait a few months for short sale approval and don't be surprised if the bank wants to renegotiate your offer. Just be sure to use a buyer's agent who knows how to write the offer to protect your interests and your earnest money deposit. - Sun Oct 26 2008, 12:57

how can I get my deposit back from the builder KB when I told them I don't want to go through buying the home?

Asked Sat Oct 11 2008, 14:38 by John - 89179 - Home Buying - 7 answers

Damon Botticelli answered:

As others have already said, if your lender is aware of the layoff, they should deny the loan which should get you out of the contract. You really should be asking your buyer's agent or broker who represents you in the transaction for help, because they can refer to the purchase contract. - Sat Oct 11 2008, 16:58

Is this property still for sale as of today's date: 10/8/08 at $172,000 on Bocaire Dr?

Asked Wed Oct 8 2008, 11:48 by Rick - 89131 - Home Buying - 3 answers

Damon Botticelli answered:

No. The properties you see like this...no address and priced WAY low are usually priced at the amount in default on the property. You might be able to buy it for all cash without inspections and assume all back taxes and prior liens at the trustee sale...but I wouldn't recommend it for most buyers. It's unfortunate that trulia is allowing these properties to show up on the site. In my opinion, it's misleading. - Wed Oct 8 2008, 18:04

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