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Home Buying in Las Vegas : Real Estate Advice

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  • Home Buying1K
  • Home Selling173
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Activity 1,680
Thu Aug 17, 2017
asdf answered:
Have you sent a follow up with your agent in regards to the status? Most of the time the listing agent will present the offers to the seller and typically takes a day or two for them to decide if they are going to accept or counter any of the offers. ... more
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Sat Aug 5, 2017
Marty Giles answered:
Were you able to find a lender? Does the land already have utilities/water?
0 votes 3 answers Share Flag
Tue Aug 1, 2017
Niki Campbell answered:
Hello Anne,

To answer your question, having your parents on your loan won't necessarily automatically disqualify you for your home loan but could disqualify you in the end as you would have to factor in their DTI (Debt to Income Ratio), Credit Scores and Incomes.

Check out my profile and give me a call that way I can filter through the numbers and give you a more definite answer on if qualify today!

Niki Campbell
HomeStreet Bank Home Financing
(619)550-7541
... more
0 votes 1 answer Share Flag
Fri Jul 28, 2017
Mary answered:
Hi,

Yes, Trulia sends a notification email for homes that are newly listed on the site, you'll just need to edit the 'Notification Preferences' so you can receive these emails. Please follow the instructions below.

1. Log in to your Trulia account
2. Hover you mouse to you name and click 'Notification Preferences'
3. Under the 'For Sale Notification' tab, enable the 'New Listings Alerts'

Thank you for using Trulia!

Mary
Consumer Care Advocate
http://www.trulia.com/help/ask/
... more
0 votes 1 answer Share Flag
Thu Jul 27, 2017
Wendiedavis3 answered:
What is the crime in 6767 Pine Valley Dr Las Vegas Nevada 89103
0 votes 8 answers Share Flag
Wed Jul 26, 2017
Alysse Musgrave answered:
There is a lot to worry about with owner financing. What if the owner doesn't make his mortgage payments (as another buyer recently wrote? What happens if you're late on your payment. Can he declare that you're in default and try to foreclose? Don't even think about doing this without an attorney. Better yet, wait until you can qualify for a traditional mortgage before you try to buy a home.


Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
0 votes 1 answer Share Flag
Wed Jul 26, 2017
Randieballetti7 answered:
Mon Jul 17, 2017
Kathy Burgreen answered:
You are in trouble (big time). The issue is as follows: All tax authorities (IRS, State, County - property taxes) are automatically in 1st place - ahead of your lender if the owner defaults on paying taxes. Lenders need to be in 1st place, so before they give you a loan to buy a home, they need proof that you (the buyer) does NOT owe taxes to anybody. Lenders can refuse to fund your loan if you owe the IRS money. Briefly, the IRS can legally foreclose on your home (take your home away from you and evict you) and sell it for full value. This means your lender has a worthless mortgage loan because the IRS has possession of the house - not the lender. The IRS is just interested in collecting what they are owed - they don't care one bit what is owed to the lender. Therefore, the lender can try to collect from you even if you lost the home - that will be a legal challenge. So to prevent this risk, lenders don't give loans to buyers who owe money to the IRS. ... more
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Tue Jul 11, 2017
Kathy Burgreen answered:
Sat Jul 8, 2017
Kathleen Kancsar answered:
FHA will require that 1% of her loans be held against her, and that is not the case with an FNMA loan. If you are interested in lenders who can help, email me at kat@besthomesvegas.com. ... more
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Fri Jun 23, 2017
Emily asked:
I need downpayment assistance and would like to find a home under 200K. I make 60K a year. I don't have debt but do have a vehicle loan.
0 votes 0 Answers Share Flag
Tue Jun 20, 2017
Dr_husham_ibrahim answered:
I want to buy a house in Las Vigas to stay ...I want it as a separate house not in a compas .I
like to buy it in the amount 40.000-80.000 ,near to a hospital because I need to take my wife
to a hospital ; as everybody is need of a hospital.How much I pay ,annully, to the state for a tax.
... more
0 votes 5 answers Share Flag
Wed Jun 14, 2017
Skar1167 answered:
My father-in-law is going to co-sign for me and my husband to live in a house but it is a rental. because we do not have enough income. Does he have to sign a primary residence form for this, he is not buying the property we are leasing it with an option in the future. ... more
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Mon Jun 12, 2017
Kathy Burgreen answered:
According to the law, your disability income is sufficient and you don't need a 2 year work history. However, lenders will need proof in writing that your disability income will continue for the next 3 years and if you receive Social Security Disability, they refuse to provide proof. Another issue is most disability checks is not sufficient income to pay for a mortgage, property taxes, home insurance, maintenance and other monthly expenses. Lenders need you to have a sufficient income to pay for all these items.

Finally, do you have cash savings to pay for 3.5% down payment + cash to pay for closing costs?
... more
0 votes 1 answer Share Flag
Sun May 28, 2017
Kamjam211 answered:
You need to submit an offer at the price you consider to be fair value for the property. Therefore, if you lose it means you should have no regrets because the sale price is above your estimate of fair value. ... more
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Sun May 28, 2017
Kathy Burgreen answered:
I'm a retired realtor and also have knowledge of horses. I have several MAJOR concerns with what you wrote. Please read the following issues:

1. I know to care for horses is very expensive. If you own a horse, is it possible to use your horse as a business strategy to make money? In your situation, if you don't have enough cash saved and you are struggling financially, how can you spend money on vet care, feeding and other expenses on a horse? If your horse earned some money, would this help reduce your expenses?

2. Lease To Own or Rent To Own does not work the way you think. The person buying the property on your behalf and allowing you to live there will charge you additional rent and ask for a down payment. You will need to sign a contract and the contract states the person who bought the house will keep all of your money if you cannot qualify to buy it at a later time. You need to know that the person who buys the home will want to make a profit. The only way to make a profit is have you pay extra money which you do not get back. You will lose thousands of dollars doing this.

3. You need to sacrifice something and make a decision. Can you afford to keep your horse? It's not about buying this house. You need to analyze your financial situation. What is keeping you from saving more money and earning more income?
... more
0 votes 2 answers Share Flag
Thu May 18, 2017
Kathy Burgreen answered:
You need to read your contract. Did you have a financing contingency? If you have a financing contingency and it did not expire, you should get your deposit back. If the financing contingency expired or you do not have one, well, sorry but you lost the deposit.

This is why it is critical that buyers get pre approved first BEFORE signing a purchase contract. Obviously, you did things backwards.
... more
0 votes 1 answer Share Flag
Tue May 16, 2017
Kenzoabraxas asked:
I am currently stuck in a lease and found a house that I would like to buy that I just don't want to pass up. It's almost everything I want for a cheap price considering the area it is in…
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