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Home Buying in Las Vegas : Real Estate Advice

  • All3K
  • Local Info247
  • Home Buying1K
  • Home Selling173
  • Market Conditions78

Activity 2,113
Wed Jan 17, 2018
Valeciayancey58 answered:
how much is a three bedroom
voucher in elk grove
0 votes 6 answers Share Flag
Wed Dec 27, 2017
Cherilyn.k.sneed.civ asked:
Thu Dec 14, 2017
Kathy Burgreen answered:
There has been 1 home sold where the buyer cashed his bitcoins into U.S. currency and then paid cash to buy the home. If I recall, I think it was a home in Miami (check the news). The issue with bitcoin is it is not registered with the Federal Reserve Bank and is not legal tender to buy real estate. At this time, buyers need to convert their bitcoin into U.S. currency before closing on a real estate transaction.

Bottom line - real estate transactions require an itemized U.S. settlement sheet and all amounts are recorded in U.S. dollars, so bitcoin is not allowed to be listed on the closing documents.
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Tue Dec 12, 2017
Mjones answered:
I'm a state licensed appraiser in So. Cal. I can usually complete an appraisal w/ in 24-48 hours of the inspection. These delays people are experiencing are typically due to a couple of things.... #1, You're lender is likely wasting time shopping appraisal management companies that contract w/ cheapest appraisers. And #2, the appraisal management company is wasting time shopping for the cheapest appraiser so they can increase their profits. I've talked to employees of AMC's that will spend over a week e-mailing appraisers looking for that one appraiser that will do the job for $200 so they can pocket the rest of the money the borrower paid for the appraisal.

I get anywhere from 5-25 e-mail request from AMC's each day and they generally go like this; "What's your best fee & turn time for X property?" and that's all it says. They should be assigning appraisals to their most competent appraisers, not the cheapest and fastest.
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1 vote 21 answers Share Flag
Sat Dec 9, 2017
Melissa VanSchoyck asked:
Apartment needs to be in a nice/safe area, 1 bedroom preferred. Must be under $1000/month.
I need help finding a place that will allow for an eviction on my boyfriends credit. My credit…
0 votes 0 Answers Share Flag
Tue Nov 28, 2017
lilly sarmiento answered:
Mon Nov 27, 2017
Frank S. answered:
Hello Kkmeenapark, yes ONE DAY after a short sale, foreclosure or deed in lieu. The down payment and rate will be determined by the middle credit scores of the applicants.
0 votes 1 answer Share Flag
Sat Nov 4, 2017
The answer to that question depends upon your circumstances and the conditions in your local market.

I have been a licensed broker for 23 years in the Charlotte, NC area and I have never seen a market as bizarre as it is right now. In our area, a buyer would be foolish to wait any longer. While national average home prices are expected to increase 4.9%, the projected increase in our market is 12.75% ... more
0 votes 194 answers Share Flag
Tue Oct 24, 2017
Kathy Burgreen answered:
Is the home listed for sale in the local MLS system? If not, start interviewing realtors and have your home listed for sale in the MLS.
0 votes 1 answer Share Flag
Mon Oct 23, 2017
Densilucy answered:
With a "Owner Will Carry", the owner is willing to finance the home purchase for you, if you qualify, probably for above market interest rate.

The terms are between the owner and the buyer, but usually the owner is the one who dictates the terms.

For these type of deals, the owner may insist on a substantial down payment, say 20% or more. This is non-refundable if you decide not to purchase down the line.

The interest rate may also be considerably higher than market rate.

Most buyers who purchase using seller financing than seeking a conventional home loan financing have credit issues or financial hardship. Odds are when the balloon is due in 2-5 years they won't be in any better shape to get a mortgage.

In that event when the due date of the balloon comes and the buyer cannot refinance they are in default of their loan and the seller has the right to take the property back. The buyer loses everything.

In some cases, this type of financing does make sense.
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0 votes 9 answers Share Flag
Sat Oct 21, 2017
Jay A Schwartz answered:
I have a beautiful condo for rent in Las Vegas for immediate move in Nov 2nd, 2 to 5 to 10 years lease....1400.00 monthly all stainless everything new 1183 sq ft. 3 BD 2 BATH corner quiet unit...
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Tue Oct 17, 2017
Sandraperkins104 asked:
can't have an independ inspect or walk through before signing . Can this possibly be legal? NV is a non attorney state retainer is very expensive
0 votes 0 Answers Share Flag
Mon Oct 16, 2017
Olgazuleyma-1229 asked:
How can I get out of this contract, would I have to compensate the broker even if the deal doesn't go with FSBO it mentions buyer agrees to work exclusively with broker, now what happens…
0 votes 0 Answers Share Flag
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