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Home Buying in Las Vegas : Real Estate Advice

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  • Local Info69
  • Home Buying304
  • Home Selling35
  • Market Conditions35

Activity 198
Fri Jun 18, 2010
Maria Morton answered:
Here's someone who stays on top of the market in Las Vegas.

Aaron Auxier - "Hollywood's Connection to Vegas"®

Las Vegas, NV

More about me…

Realty ONE Group

Address: 10750 W. Charleston, Suite 180, Las Vegas, NV, 89135

Cell Phone: (702) 205-1818 begin_of_the_skype_highlighting (702) 205-1818
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0 votes 1 answer Share Flag
Wed May 19, 2010
Jason Allen Gardner answered:
Hello Mark,

The MLS is for residential properties, while the CALV is for commerical properties. So you would need to either pay the dues for the CALV or team up with a REALTOR / Broker that has their CALV Access.

Jason Allen Gardner, SFR
Exit Realty Imoti
(702) 806-6968
jagsellslvre@jagnvrealtor.com
... more
0 votes 3 answers Share Flag
Fri Jun 3, 2016
Kent Gagon answered:
Home Owners Association usually! Good luck
0 votes 12 answers Share Flag
Mon Aug 9, 2010
Mark Fleysher answered:
Hi Edie,

I believe you are referring to the Homeowners' Assistance Program, through the army; is this correct?

If so, I believe your Real Estate Agent, or most in Las Vegas, are not familiar with this program, beacuase to my knowledge it does not have any affect in the Las Vegas area.

If you search to find HAP Homes, you wind up here:
http://hap.usace.army.mil/Current_HAPs.html


The following is a list of completed HAP's since 1988:
http://hap.usace.army.mil/Completed_HAPs.html

Furthermore, your due diligence starts as it is outlined in your Accepted Contract; straight from GLVAR’s Residential Purchase Agreement, Rev. 06/09:


12. BUYER'S DUE DILIGENCE:
A. DUE DILIGENCE PERIOD: Buyer shall have [Insert] calendar days from Acceptance to complete Buyer's Due Diligence. Buyer shall ensure that all inspections and certifications are initiated in a timely manner as to complete the Due Diligence in the time outlined herein. (If utilities are not supplied by the deadline referenced herein or if the disclosures are not delivered to Buyer by the deadline referenced herein, then Buyer's Due Diligence Period will be extended by the same number of calendar days that Seller delayed supplying the utilities or delivering the disclosures, whichever is longer.) During this period Buyer shall have the exclusive right at Buyer's discretion to cancel this Agreement. In the event of such cancellation, unless otherwise agreed herein, the EMD will be refunded to Buyer. If Buyer provides Seller with notice of objections, the Due Diligence Period will be extended by the same number of calendar days that it takes Seller to respond in writing to Buyer's objections. If Buyer fails to cancel this Agreement within the Due Diligence Period (as it may be extended), Buyer will be deemed to have waived the right to cancel under this section.

B. PROPERTY INSPECTION/CONDITION: During the Due Diligence Period, Buyer shall take such
action as Buyer deems necessary to determine whether the Property is satisfactory to Buyer including, but not limited to, whether the Property is insurable to Buyer's satisfaction, whether there are unsatisfactory conditions surrounding or otherwise affecting the Property (such as location of flood zones, airport noise, noxious fumes or odors, environmental substances or hazards, whether the Property is properly zoned, locality to freeways, railroads, places of worship, schools, etc.) or any other concerns Buyer may have related to the Property. During such Period, Buyer shall have the right to have non-destructive inspections of all structural, roofing, mechanical, electrical, plumbing, heating/air conditioning, water/well/septic, pool/spa, survey, square footage, and any other property or systems, through licensed and bonded contractors or other qualified professionals. Seller agrees to provide reasonable access to the Property to Buyer and Buyer's inspectors. Buyer agrees to indemnify and hold Seller harmless with respect to any injuries suffered by Buyer or third parties present at Buyer's request while on Seller's Property conducting such inspections, tests or walk-throughs. Buyer's indemnity shall not apply to any injuries suffered by Buyer or third parties present at Buyer's request that are the result of an intentional tort, gross negligence or any misconduct or omission by Seller, Seller's Agent or other third parties on the Property. Buyer is advised to consult with appropriate professionals regarding neighborhood or Property conditions, including but not limited to: schools; proximity and adequacy of law enforcement; proximity to commercial, industrial, or agricultural activities; crime statistics; fire protection; other governmental services; existing and proposed transportation; construction and development; noise or odor from any source; and other nuisances, hazards or circumstances. If Buyer cancels this Agreement due to a specific inspection report, Buyer shall provide Seller at the time of cancellation with a copy of the report containing the name, address, and telephone number of the inspector.


I can help with any of your Las Vegas Real Estate needs or questions; feel free to contact me direct.


Search the Southern Nevada MLS live at http://www.markfleysher.com


Sincerely,

Mark Fleysher, MBA, Realtor
Broker-Salesperson
702-291-8186
mfleysher@gmail.com
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0 votes 4 answers Share Flag
Tue Apr 27, 2010
Len McGuirk answered:
There are homes that have a separate detached casita bedroom if that is what you are talking about. I would be happy to point you to my rental agent if you would like some assistance with finding a rental property. ... more
0 votes 1 answer Share Flag
Wed Apr 21, 2010
Mark Fleysher answered:
Hello Garfield,

This is definitely a great investment purchase. My primary clientele comes to me to identify properties with will provide the highest netting income, with the highest long term ROI, in areas which have low vacancy rates.

Please, contact me directly, and we can further discuss how I can help you locate low cost, high netting properties in the Las Vegas area!


I can help with any of your Las Vegas Real Estate needs or questions; feel free to contact me direct.


Sincerely,

Mark Fleysher, MBA, Realtor
Broker-Salesperson
702-291-8186
mfleysher@gmail.com
... more
0 votes 1 answer Share Flag
Sun Apr 18, 2010
Don Tepper answered:
Yes.

Oh. You wanted more?

Yes, if the numbers work. A lot of investors buy properties in bad neighborhoods. It's all about the numbers.
0 votes 5 answers Share Flag
Tue Mar 30, 2010
Heather Peck answered:
Hi GP - We have lots of foreigners who buy in Las Vegas. However, in addition to having a down payment, you also need to show the ability to get financed by having employment here or being able to prove your income for loan repayment. The first step would be to speak with a qualified loan officer.

Please don't hesitate to call or email me, and I'll be happy to recommend a couple of different loan officers for you to review your situation with and have them tell you what your best option is.

Heather Peck
Rosen & Company West
702-595-7380
LasVegasExpert@yahoo.com
... more
0 votes 3 answers Share Flag
Tue Mar 30, 2010
Don Tepper answered:
I can't say absolutely, but I suspect that if you want to do business through that broker you do. You certainly can ask the broker directly whether it's required by him. If you choose not to sign, then you might consider finding out whether other agencies require a similar notarized statement. If they don't, then you could consider whether you wish to consider your relationship with that agency.

However, having said that, I'm not sure what the harm or danger is in signing such a document. If you have any doubts, though, check with a lawyer to see what the implications might be.
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0 votes 3 answers Share Flag
Fri May 31, 2013
Dan Chase answered:
Could it be as simple as not many termites and big winds that blow houses down made of wood? Often people built tougher houses to handle tougher weather or pest conditions.
0 votes 12 answers Share Flag
Wed Mar 24, 2010
Al and Denise Scheuy answered:
Hi Bill - the answer to that question is as varied as the number of homes for sale. Each home and each location pose their own unique set of benefits and challenges. My best advice to you is to hire a licensed home inspector to do a thorough examination of any property you might want to purchase and make the final sale of the property contingent on inspection results that meet your satisfaction.

Denise Scheuy
Coldwell Banker Residential Real Estate
... more
0 votes 7 answers Share Flag
Sun Feb 21, 2010
Anna M Brocco answered:
What is your agent advising--You need to be in contact by April 30, 2010, and close by the end of June of 2010, in order to qualify for the tax credit--speak to your tax consultant for IRS Code qualifying conditions. ... more
0 votes 10 answers Share Flag
Mon Feb 1, 2010
Andrew Hoelzel answered:
Good evening. I am a local mortgage banker. Our parent firm actually provides many of the private builders in Las Vegas with the funds the builders use to build the new construction homes.

With this being said, I can get you in touch with many folks who can directly answer this question for you from the actual builder. To go elsewhere would be to get the run-around.

This way you are not dealing in speculation and could actually speak to them about internal turn times etc.

I can also answer your questions about your relocation and financing, if you need that on any level.

Talk soon. 702-279-1801
... more
0 votes 9 answers Share Flag
Sun Jan 31, 2010
Dallas Texas answered:
Do you all ready own a home? If not you might want to be qualified for a mortgage prior to move requires 2 years of employment you would be fine due to change of area however concerned about your husband.

Professional code of ethics Realtors can direct you resources search and compare areas, or send multi locations best read media published reports, google search, ISD rankings, Police crime stat's

Lynn911
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0 votes 2 answers Share Flag
Sun Jan 31, 2010
Heather Peck answered:
Those are probably being posted via Realty Trac, a service that offers foreclosure listings. Some of those come from liens that make it look like that was the sales price for the property. They could be for a property tax lien or an HOA dues lien. It may also reflect the amount the homeowner is behind on their payment. Its very misleading.

If you want accurate information, the only way to get that is to work with a licensed agent.

Let me know if I can be of assistance to you.

Heather Peck
Rosen & Company West
702-595-7380
LasVegasExpert@yahoo.com
www.HeatherSellsVegas.com
... more
0 votes 8 answers Share Flag
Mon Jan 25, 2010
Don Tepper answered:
Preforeclosure: A house heading into foreclosure. It may be a short sale. Or it just may be where someone has fallen behind on payments due to medical bills, job loss, or a hundred other reasons. There's no simple, clear definition of "preforeclosure," as opposed to "short sale" or "foreclosure." All it means is that if the situation doesn't change, it'll eventually end up in foreclosure.

True Info: You're correct. It can take months and months (I just heard a couple of stories today about short sales that took 6-9 months) for short sales or foreclosures to close. Further--and especially in the case of short sales--there's no assurance that you'll be successful even if you make an offer. I heard a couple examples just today of buyers making offers on short sales and then having the properties foreclosed on just a week or so before the scheduled short sale closing.

So your concern is well-placed. To pursue a short sale or foreclosure at this point is a real gamble. You might succeed. You might not.

Look for homes that aren't REOs or short sales. And, yes, there are some on the market. Look for estate sales, for instance.

Hope that helps.
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0 votes 13 answers Share Flag
Wed Jan 20, 2010
Harry Jones answered:
Steve,

Found two in "Old Las Vegas" This area just east of the las vegas strip - nice established close to everything.
1 - A townhouse, 1600+ square feet, looks like it is gated and has a pool on premise - listed @ 156k
2 - A single family home, 1900+ Square feet - 2 car garage - listed @ $156k

Niether one is a shortsale, both are REO, bank owned and vacant.

Harry Jones
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0 votes 2 answers Share Flag
Sun Jan 17, 2010
Mariah Kachulis answered:
It means the home is in default with the mortgage and will soon be forclosed by the bank. If you see this on a home that is for sale, this means they are attempting a short sale and will lose the home to the bank if they cannot sell it or succesfully negotiate an agreement to sell for the current market value.
Many experienced professionals have positive results negotiating with the bank, the idea is to find the one that gives you the confidence that you will achieve either a purchase or a sale. Either one requires patience and good humor to help everyone get through the process with the best results.
You can always call me with any other questions if you like. I have also placed a link to a webpage with more information
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0 votes 4 answers Share Flag
Fri Jan 8, 2010
Scott Godzyk answered:
Kim your best bet is to contact a local and trusted mortgage broker in your area. They will be able to prequalify you at no cost, let you knwo what types of loans are available to you as a non citizen and what type of information and documents you will need to provide. There are programs available to non sitizens but by meeting with a local loan officer, That is the only true way to know exactly whether you can or can not get a mortgage. good luck ... more
0 votes 2 answers Share Flag
Fri Jan 8, 2010
Heather Peck answered:
Kim - Lenders loan to foreigners living in the US however, you would need to have been here long enough to provide a few things. You'd need to have employment for at least 2 years, 2 years tax returns, and 3 credit lines (a car payment and 2 credit cards for example). If you have those things, you can probably get a mortgage here.

As a student, if you've only been here for a few months and only go to school, they're not going to loan you money for a mortgage.

This would be the same for any American. They have guidelines they follow as far as risk.

If this is something you have, give me a call and I'll be happy to set you up with one of my lenders.

Heather Peck
Rosen & Company West
702-595-7380
LasVegasExpert@yahoo.com
www.HeatherSellsVegas.com
... more
0 votes 2 answers Share Flag
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