While agents have a fiduciary duty to their clients, as Coldwell mentions, we cannot steer you to or from any neighborhoods. After all, it really is a matter of opinion, the old "You say tomAto, I say tomato."
A perfect example is the recent public debate over some statements made on Craig Ferguson's show by Mindy Kaling about a Las Vegas neighborhood. Many locals are upset by her comments and relate it's nearby historic district and mid century modern homes.
“We went to this frozen custard place in I believe the most dangerous and sketchy neighborhood I’ve ever been to in my entire life,” Kaling said.
Who is right? Mindy with her short visit or the people who live and work in that area? You can easily see there are opinions both for and against, but which applies to you is totally up to you. Particularly as an investor, you really shouldn't want to make your decisions based on hearsay, but on what offers you the best potential return on the amount of your investment.
A good REALTOR® (being one, I'm also required to type it that way :) ), can provide you with resources to make your own determinations.
Here in the Las Vegas valley their are online crime statistics available from the valley's 3 patrol areas of Metro, Henderson, and now North Las Vegas. Real estate statistics can be provided from GLVAR, and any number of independent sources on other variables such as schools and other facilities. Armed with that information you can make your own best decisions without being influenced in any way by an agent's personal opinion, taste, or other interests.
Hope that helps, and any other questions just get in touch.
If you are willing to go with a hard money loan, I am sure I can find a local investor willing to fund you. Usually they want 12% with 3 points for NRA loans.
If that works for you, just send me an email with your contact info and I will have someone get in touch with you as soon as possible.
Prudential Americana Group Realtors
The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"... more
There are no set commission costs, however, the average total commission is about 6% in Las Vegas. Closing costs will vary between 1-3% depending how the buyers offer is written. Feel free to contact me to discuss the costs in more detail.
Jason J. Schielke
Keller Williams Realty Las Vegas
3100 S. Durango Drive
Las Vegas, Nevada 89117
Direct: (702) 858-7598
Office: (702) 212-2222
Fax: (702) 543-3830
Website: www.LiveVegasNow.com... more
Although I'm not familiar with the Vegas RE market any local agent the best advice one could give is to never buy property without considering its resale potential in the future. It's impossible to predict the future but one should be able to use present day information to minimize the risk involved.
The only advantage of purchasing a "foreclosure" is that they typically represent the best values for property sales. This doesn't mean they are the best options because a foreclosure that needs 50k in repairs that is selling for 15k less than a property that requires nothing, may not be a good consideration.
My advice is to consider the entire market when buying property. Those that narrow their search to one small corner of it could be eliminating their best options.
Hope this is helpful.
MLS shows that the listing on 2541 JOSEPH CANYON DR(MLS#1192405) SOLD 1/24/2012 for $80K cash and that it was a bank owned property (REO).
Premier Real Estate
(702) 371-5533... more
I can recommend an attorney to help. There are not many attorneys that really know the in depth reasons why the banks get away with what they do. My partner has become quite versed in the chain of events that caused the mortgage crisis. He knows the questions you should ask an attorney and who the few are that could possibly help. Be aware up front that modification of your mortgage is not an easy process. My partner and I would be happy to share the information we have acquired over the past years successfully helping homeowners.
Good question Lexie,
When renting a condo or townhome, any dues or fees are paid by the owner, but are usually recovered in your rent. It is unlikely but not impossible to find a unit with all utilities paid. Remember, people use utilities, buildings don't. So a landlord can charge you a few hundred dollars more, but your actual utilities could be significantly lower. Also, the difference between a condo and a townhouse is the land is owned in a townhouse, but not in a condo. I hope this helps.... more
There are several programs out there that you may be eligible for. Contact your local mortgage broker and ask for the Back to Work Program. Good luck! I would suggest that you work for at least six months or have a strong verification letter! Good luck.... more
The lender I use is pretty good- they are fast, they are very competitive with the rates and closing costs. I strongly recommend:
David S. Ross
Branch Manager | Loan Officer
WJ Bradley Mortgage Capital Corp.
Well I'm supposed to be decisive as a Realtor. But I say flip a coin!! The past 8 years have been crazy. As a listing agent I can tell you this. We have tripled our inventory of sellers in the past few months. Almost all of the cash money large cap investors are pulling out or at a minimum back.y listing just a few months ago sold in hours/days with multiple offers. Now I see homes 60 days or more on the market with multiple price reductions.
Real Estate will remain the same. If it's a value people will want it. If not it will stay on the market.
If you would like to discuss a specific property please feel free to call me.
Signature Real Estate Group
Start your free rental search here: http://lvrealestatehelp.weebly.com/property-management--rental-search.html You can watch the video on that link to get a brief explanation as to how the free rental search process goes! We look forward to hearing from you!
The Adams Team at
Rothwell Gornt Companies
CONNECT with me on LinkedIn: www.linkedin.com/pub/robert-adams/2a/971/a93/
LIKE me on FaceBook: https://www.facebook.com/pages/The-Adams-Team-at-Rothwell-Gornt-Companies-LVrealestateHELPcom/148902465176255
FOLLOW me on Twitter: https://twitter.com/ShortSalePros... more
There is new legislation going into affect on October 1st of this year.
It is my understanding that the "At Arms Lenght Transaction Form" will not be mandated.
This means that the owner of the home who is selling Short Sale,...will now be able to sell to family and associates and then,... lease or buy back from them.
Also going into affect is other legislation that is allowing the banks to foreclose on properties in a more timely manner.
This could increase inventory to the area and slow or stall recent price appreciation.
Dont' forget that the federal deficiency waiver expires on December 31 2013.
There are many items that need to be thought through in a thorough manner when making the decision to short sale.
I would be happy to dicuss this with you and to help you find the right option that will work.
Feel free to call or email me at anytime......
My contact info is below...
Hank Lauzon III
Your Las Vegas Realtor
Signature Real Estate Group
9525 Hillwood Drive #120
Las Vegas, NV 89134
Web : http://HanksLVRealestate.com
Never look down on anybody...unless you're helping them up.... more