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89120 : Real Estate Advice

  • All15
  • Local Info2
  • Home Buying4
  • Home Selling1
  • Market Conditions0

Activity 9
Sat Jan 14, 2017
Saminjeddah76 asked:
Fri Jul 1, 2016
Sonia Sotelo asked:
Tue Sep 23, 2014
Robert Adams answered:
Start your free rental assistance search here:
0 votes 4 answers Share Flag
Thu Aug 8, 2013
Cheryl Lockhart answered:
No but as you are required to accept the home in the condition at close of escrow wouldn't you want an home inspection on the entire house? You are asked if you want an inspection and must sign off on condition on way or the other.
A home inspection with a master inspection can save you headaches and MONEY as you know the condition of what you are buying and should you find a major problem within your inspect time limit you have options available.

For additional information please contact me.

Cheryl Lockhart
Lockhart & Associates
702-735-1181 office
702-743-0217 cell
... more
0 votes 1 answer Share Flag
Thu Aug 8, 2013
Denny Hebibovich answered:

if you need help to find you a rental unit, contact me below with your criterias...

Warmest regards,

8363 W SUNSET RD #100

CELL: 702-241-6110
... more
0 votes 1 answer Share Flag
Thu Aug 8, 2013 asked:
Thu Nov 15, 2012
Valerie Edwards answered:
Since March our prices have been steadily rising do to the law of supply & demand. We currently have about 1.3 months (6-8 weeks) inventory for buyers. An average is about a 6 month supply so it is critical when making offers that you understand there is going to be multiple offers on every listing. In fact, 53% of all purchases in the Las Vegas Valley are CASH. Know that asking the seller/lien holder to pay for the buyers closing costs is a thing of the past, with a few exceptions. In short sales, lien holders typically do not pay for a home warranty, lender fees, HOA transfer fee, so don't ask for them or you will more likely than not execute your own offer at submission.

Anyway, regardless of the zip code in the valley, sale prices are going up. Last October, NV legislators passed AB284, a consumer protection law, that forces lien holders to swear on the lives that they have all the necessary documents to conduct a lawful foreclosure with risk of criminal prosecution!!!! This had the effect of a moratorium of sorts on the foreclosure market. On the positive side it has encouraged the banks to increase their record regarding the timeline/short sale process and approval rates. Since they have little to no hope of getting a home owner to start paying their mortgage again but still continues to occupy the home and little hope of actually being able to foreclose on it the banks need to be a little more cooperative and responsive.

Know that banks are not holding back homes that have been foreclosed on (shadow inventory). Don't get me wrong, there are thousands of home owners that are delinquent and have NO intentions of catching up but the banks simply don't have the documents on hand to facilitate a lawful foreclosure. These homes will certainly need to either go through foreclosure or a short sale. If the homes do eventually go to foreclosure, i'm "assuming" that the banks will have learned something from the past and prevent a flood of foreclosures into the market to avoid another downturn in the market.

Anyway, regardless of zip code, prices have risen! Make offers according to the "NEW" market conditions.

Valerie Edwards
Premier Real Estate
(702) 371-5533
... more
0 votes 5 answers Share Flag
Thu Aug 23, 2012
David Cooper answered:
How much money do you have for a down payment and are ready employed with steady income that can be documented?

David Cooper 702-499-7037
0 votes 6 answers Share Flag
Wed Dec 9, 2009
Frank Nason answered:
Nevada is, surprisingly, fairly advanced in their HOA requirements for budgeting and, particularly, in reserve requirements due to so many HOAs not having proper reserves to take care of capital expenditures when they are due.

It started out because the developers kept monthly fees too low for marketing purposes and then the home owners kept them low believing that they would move before some of the capital expenditures and major repairs needed attention.

Now there are statutory requirements concerning reserve studies and the level of funding required - with potential personal penalties for Board members responsible for underfunding.

The budget, both operating and reserve, should be tied to actual expenditures as well as the reserve study and easy to verify if you take the time to examine both.
... more
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