Commissions are always negotiable and will vary from agent to agent. Keep in mind, the commission an agent will ask for will pay for marketing materials, co-operative payment to buyer's broker, and fees accrued during the process that protect you as the seller and the agent themselves.
Be weary of agents that offer "discount" commissions, because the money has to come from somewhere, and it is usually in the marketing efforts of your home. You should not pay a dime until the home is successfully sold. To save a percentage point or two on commission paid may cost much more than that in carrying costs and possible necessary price reductions due to the home staying on the market for a longer period of time.
If you have any other questions or would like details of specific services I provide, I'm here to help in any way I can.
Mike Dobranski, REALTORÂ®
Keller Williams Realty - The Marketplace
Las Vegas / Henderson, NV
The family still has an option to short sell the home. This is to sell the home on the market for the current market value when it is worth less than the balance of the loan. A divorce would be a factor considered as a financial hardship. The homeowner's lender would have to agree to accept less than the total payoff, but they would possibly have a good chance of this because of the divorce.
I specialize in short sales. If you have further questions or if you are in this type of situation, please call me and we can discuss your situation more in depth. Hope this helps.
Short Sale Specialist
Prudential Americana Group
Direct: (702) 203-6688... more
Looks like based on recent sales - you are in the $50,000 range. There is one listed in the twenties believe it or not! Looks like you paid about $195 in 2006 if my records are correct which mean you would be a short sale. It can sell, but it won't sell for much based on the recent sales and active listings. If you need to sell, we can help, equity or negative equity. You can view more details about Las Vegas Short Sales at http://www.savemefromlasvegasforeclosure.com or from our main page at www.theballengroup.com. This data is provided as an estimate only and although deemed reliable - it is not guaranteed. Good luck with whatever you decide.... more
We specialize in shortsales and can tell you that the most important thing most of our banks look at is your finances and your hardship. Concern for your autistic child may be considered a hardship. We see some banks not looking at either and they simply decide to take the short sale if the offer is at fair market value. I have a wonderful short sale handbook that explains to the seller how our process works. If you would like a copy, please contact us by phone: 702-604-7739 or send an email with your address to: firstname.lastname@example.org. You can find some Las Vegas shortsale information at http://www.savemefromlasvegasforeclosure.com... more
This question would be better answered by someone in the banking industry (perhaps a lender) rather than a real estate agent. However, I am going to make an educated inference that you wife's credit should not be affected if she is not on the loan. To further protect her, I would suggest filing a "quit claim" deed to remove her as an owner of the property.
You may want to consult a real estate attorney to be sure the quit claim deed will release her from any financial and ownership responsibilites on the property. The consultation fee would be money well spent in a situation like this. The attorney may even be able to draft the document and file it for you for a nominal fee. I can refer you to a reputable and affordable real estate attorney if you need a recommendation.
Please let me know if you would like to dicuss alternative to foreclosure. I specialize in selling short sales and distressed properties and am knowledge on all of the loan modifciation programs currently offered.
Please give me a call and we can set up a time to meet.
Prudential Americana Group Realtors
871 Coronado Center Dr. #100
Henderson NV 89052
cell (702) 544-4022... more
I'm not sure I fully understand the question. If you want to keep your home and want the lender to reduce your payment or principal balance because you are having a financial hardship, you should contact the lender to try to work out a loan modification. If you need to sell your home and will not net enough from the sale to pay back the loan, you'll want to contact a Realtor to sell your home and negotiate the "short sale" with your lender. Give me a call or email if you'd like more information about the short sale process.
Realty One Group
You need to discuss with the people the helped you set up the short sale.
A short sale means that the lender agreed to allow to sell the property and would absorb a loss. That usually means you need to prove to the lender that although you were once qualified for the mortgage you now have, something happened and now the only option is for you to sell the property. This means you are broke and cannot pay your bills.
A loan modification is on the other end of the spectrum. You try to explain the lender that you want to stay in the home, you are qualified for a new loan, but just not at the current payments. So you need to look very credit-worthy... the opposite of what you were trying to prove in the short sale.
So, depending upon what the lender knows, you might be able to do a loan modification. All things being equal, the lender would RATHER do a loan mod than a short sale.
Breaking into the business can be a challenge.........
Some agents with multiple listings are willing to allow their colleagues to sit open houses for their properties. Our recommendation is to approach a likely candidate from your office about hosting some of their open houses.
If you were in our location, we would welcome you to work with us in this effort.
But it's not recommended to just "show up" at an agents open house for the purpose of targeting their potential customers.....this is an ethical issue.
I highly recommend Las Vegas Handyman, and suggest you request Terence Calvin. He is terrific and I use him on all my client's homes. Their prices are very reasonable and they're licensed, bonded and insured.
Give them a call at 702-248-0550.
Realty Executives of Nevada
I can give you a few statistics. In zip code 89147, there were 38 transactions that closed from 8/15/08 to 8/31/08. The averages are as follows average sold price per sq. foot $117.87; and average total combined days on the market 166.
This really is not the best way to price a home. It is better to look at a specific address and use the correct comps that match it's property type (either homes, condos or townhomes).
The fastest sale out of the 38 sales in your zip code during the last two weeks was on the market for a total of 21 days, the slowest sale was 511 days total. This is a huge spread, but it comes down to price, competition, condition of the property and the marketing efforts of the listing agent.
If you are not working with a good Realtor, that is your best bet to get your property sold in this current market.
WellcomeMat.com is a video source for real estate marketing. You'll be able to connect with, view the work of and inquire prices for multiple videographers in your area. It's nationwide and there are producers in all major cities.... more
I can huff and puff about my track record online. However, I would much rather answer your individual questions in person because every client's motivations for wanting to short sell are different. I will discuss all your options with you as a distressed seller (including short sale) and help you decide what is your best option. I have a B.S. from Johns Hopkins University in Business Management. This is an esteemed univeristy in Baltimore, MD which prides itself on high ethical standards. I differentiate myself because I have turned away many clients who have asked me to perform acts which would be unethical - at the end of the day I have to look myself in the mirror. I am also not afraid to turn in a dirty agent, appraiser, lender or otherwise. Prudential as a company also stands behind those values. Let's talk. 702-544-4022... more
Or 1% monthly of monthly rent paid monthly + 1% of deposits paid at lease signing.
Or 1% + 1 months rent paid all at once.
Or 2 months rent paid all at once.
Or 1% + 1 months rent + charge for credit check paid all at once.
Many investors would be interested in purchasing a tenant occupied home in Las Vegas. Positive cash flow is always a plus. The tough thing you will have is showing the properties so they can sell. We currently have a condo listed in Las Vegas. The tenant is uncooperative. The price is amazingly low, and due to our comprehensive marketing system, we have had a lot of interest. This property would have sold if the tenants were willing to show the property. Good Luck with your properties! If you are interested in listing with a realtor, we would appreciate the opportunity to interview for the position.... more
For a licensed agent the typical referral fee is 25%. I am accepting short sale listings if you have a client in Henderson or Las Vegas needing assistance with a short sale. Please feel free to give me a call for more information and to discuss how I get my short sales closed in 90 days or less.... more
Hello frank are you trying to sell the home on your own ? without a realtor? If you are then you will have to spend some money to advertise the sale , not just an ad in the sunday paper. Put it on cable, hold open houses,,,, make sure the buyers are pre-qualifies so you might contact a lender to sit the open house with you..... also spend money and send out open house invitations to renters that might be a good place to start. In all honesty you should consult a Realtor .... Best of luck to you.... more
We don't know what home you are referring to. Are you referring to the auction for condos they had a little while back? Sure, $35k would be the opening bid and it would get bid up to market price and maybe even beyond in the frenzy.... more