Summerlin April 2012 Real Estate Resale Market Report:
Since Last Month's Report:
For Current and Past Summerlin Market Reports
View Summerlin Homes For Sale Here (Updated Daily)
More Information on Summerlin Real Estate Here (Includes Video & Map)
More Las Vegas Communities Here
4 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • May 22 2012 11:19AM
Summerlin March 2012 Real Estate Resale Market Report:
Since Last Month's Report:
For Current and Past Summerlin Market Reports
View Summerlin Homes For Sale Here (Updated Daily)
More Information on Summerlin Real Estate Here (Includes Video & Map)
More Las Vegas Communities Here
4 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • May 05 2012 09:45AM
Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years. This I am sure of.
My 2012 Las Vegas real estate market trends predictions will depend on several factors:
Houses for rent in Las Vegas are a hot commodity – even with high unemployment rates. There is always a demand here!
Recently, investors purchasing ultra cheap Las Vegas homes for sale and turning them into rental homes. This has produced a glut of Las Vegas rental houses available and pressured rental home prices down – a tad.
With AB 284 rearing it’s ugly head now – this may produce a higher demand for rental homes for the time being as buyers may not be able to purchase a home within their specified time frames. It will take foreclosed homeowners and renters out of the pool, for the time being, however. It is still uncertain if one pool of renter will offset the other.
On the supply side of the Las Vegas rental home market: if resale prices go up (and they are ever so slightly due to the low inventory,) it may make those investors hold off on rental purchases. This all means less rental homes available and hopefully rental prices can stabilize.
The 2012 Las Vegas rental market will definitely prove to be interesting in the end – like all of our other markets!
If you would like to view houses for rent in Las Vegas click here.
2 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • March 28 2012 05:56PM
Summerlin February 2012 Real Estate Resale Market Report:
Since Last Month's Report:
For Current and Past Summerlin Market Reports
View Summerlin Homes For Sale Here (Updated Daily)
More Information on Summerlin Real Estate Here (Includes Video & Map)
More Las Vegas Communities Here
3 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • March 23 2012 05:03AMSometimes it doesn’t make sense at the moment to buy a home in the Las Vegas area – for whatever reason. When you have to rent a house in Las Vegas, you will obviously what to know what is involved $$ wise in the beginning.
Typical Move In Costs to Rent a Las Vegas House:
It is always smart to plan ahead so you are ready when the time comes to find that Las Vegas rental home!
For starters, most landlords charge an application fee or administration fee just to process your application. That fee is typically $50-100 per adult applicant.
Once your application has been approved you will typically need these deposits within 24-48 hours after your 
application has been approved:
For a person that has average or better credit with no pets should expect to pay 2.5 times the amount of the rent. Let’s just say rent is $1000 then you should end up spending around $2500 for move in costs.
For a person with damaged credit or pets, their deposits may be higher. Sometimes in the 3.5-4 times range. So a person with multiple pets and very bad credit may have to pay $3500-4000 to move into that same home that costs $1000 to rent a month.
Click Here -> to begin your Las Vegas rental house search. Our services to assist you to find that perfect rental home are NO COST to you! The landlord pays us our commission!
5 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • March 18 2012 01:57PM
Summerlin January 2012 Real Estate Resale Market Report:
Since Last Month's Report:
For Current and Past Summerlin Market Reports
View Summerlin Homes For Sale Here (Updated Daily)
More Information on Summerlin Real Estate Here (Includes Video & Map)
More Las Vegas Communities Here
4 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • March 02 2012 10:34AMSelling Your House in Las Vegas: When to Sell a House?
Most traditional markets have better seasonal selling months than others. Las Vegas does not have bitter cold or snow that may stop a potential buyer from heading out in the “elements” to buy a home. Las Vegas does have that nasty blast furnace heat in the summer that one would *think* it could stop buyers from searching for a home but that is not true!
Las Vegas real estate attracts many types of buyers: first time buyers, vacation & second home buyers, retiree buyers & investor buyers.
Spring, Summer, Winter or Fall – there is no best season to sell a house in Las Vegas.
January, February, March, April, May, June, July, August, September, October, November or December – there is no best month to sell a house in Las Vegas.
Thanksgiving, Christmas, New Years, Super Bowl, Valentine’s Day, Fourth of July, Back to School, Halloween – there is no best holiday to wait to sell a house in Las Vegas after.
Take a look at this graphic:
Blue represents active listings, red represents contracted listings and green represents sales. Each line is for a month from December 2007 to December 2011. Every month there is green even during the “crappy sales months” of December 2007 through early spring 2008. That means every month there are sales – and these days the amount of sales are very healthy every month & every season so it really doesn’t matter when to sell your house. It’s only a matter of *if* you *need* to sell your house.
Any house will sell in any month if it is:
The Las Vegas real estate market breaks all “laws” about when to sell your house during seasons, months & holidays. Las Vegas is a 24/7/365 town with homes selling every day of the year!
28 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • January 29 2012 04:02PM
Summerlin December 2011 Real Estate Resale Market Report:
Since Last Month's Report:
For Current and Past Summerlin Market Reports
View Summerlin Homes For Sale Here (Updated Daily)
More Information on Summerlin Real Estate Here (Includes Video & Map)
More Las Vegas Communities Here
3 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • January 28 2012 12:53PM
My first natural knee jerk reaction would be that AB 284 is the root cause of this. AB 284 is having an effect on our residential home inventory HOWEVER it was not implemented until October 1, 2011 - we were already 9-10 months in to sharp declines.
Las Vegas short sale inventory has also declined so much that it is now a seller's market. Short sales are not hurt by AB 284.
My Las Vegas trustee sale sources told me December was an unusually slow month (as it always is due to holiday moratoriums) and that January is picking up.
Pretty much every sector is a "seller's market" with 5 months of inventory or less. The Las Vegas condominium high rise sector may be the only exception at a stable to buyer's market.
Las Vegas REO home inventory was an EXTREME seller's market hovering around only 1 month of inventory. Sales throughout the valley were very high for December 2011 at 4098 units sold. This makes December the third highest month in 2011 for units sold.
I guess I attribute our inventory shortage more to EXTREME high buyer interest than AB 284 and moratoriums (which have been happening every holiday season since 2008.)
4 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • January 18 2012 08:50AMSo You Want to Buy a Las Vegas Short Sale?
A “Short Sale“ is a type of seller. More specifically, it is a sellercontingency.
Short Sale means that the property or home is worth less than what is owed on it. The Seller is asking the bank to forgive part of the debt or for an unsecured promissory note for 
the difference in what is owed. The home may or may not be in default (going through the foreclosure process.) It is highly likely that a Las Vegas Short Sale is in some part of theprocess of foreclosure.
Short Sales are currently (Jan 2012) the majority of the active inventory (47%) – yet they are the least closed transaction type in the Las Vegas Valley (27%)!
The Number 1 rule for a Short Sale buyer is to NOT FALL IN LOVE with the home until it is closed!
How are Short Sale homes priced?
Short sale homes are priced just as traditional sales are priced – the seller sets pricing. Once the servicer(s)/investor(s) receive an offer they order something called a “Broker Price Opinion” (BPO) to determine selling price. Many order multiple BPO’s and the process is usually started when the home defaults.
What are the steps for buying a Short Sale home?
The first step if you are financed is to get pre-approved from a lender to buy the home so you are looking in the appropriate price range. If you are an all cash buyer, the real estate agent will need Proof of Funds (POF), Verification of Funds (VOF) or Verification of Deposit (VOD) to present to the list agent with your offer. Please be aware that “all cash” offers will NOT expedite the process of a short sale.
The next step is to work with a real estate agent so we assist you on analyzing your housing needs. What Area? What Price Range? What Size? How Many Bedrooms? You get the picture! We will set you up on an MLS search AND direct you to some phenomenal IDX sites.
You found the home of your dreams! YAY! Now we get to do the fun stuff (the above was just the easy stuff!) We get to write a contract! Your real estate agent should do an abundance of work behind the scenes to find out if there are multiple offers on the property and pull comparables.
There are several reasons for comparables – you don’t want to pay too much for the property (of course!) You also want to know if the home may or may not appraise where the lender needs it to appraise at! If there are multiple offers on the property your real estate agent also needs to analyze the numbers to present a price to you that will raise your odds for getting bank acceptance and beating out all others vying for the same home that you want! It is essential to work with a real estate agent who understands pricing structures in today’s market: Owner Occupied Non-Distressed, REO and Short Sale prices are all different! Remember – the bank has the option to REJECT your price & terms in a short sale!
Once we put your offer together, we submit it to the listing agent. With your pre-approval letter (if financed) or POF (if all cash) and a copy of your earnest money deposit (EMD.) The listing agent submits it to the seller and once it is accepted it gets sent to someone called an “Negotiator” with the bank. The Negotiator then, in turn, helps with the decision of accepting, rejecting or countering your offer. The time lines on this process vary widely from agent to agent, investor to investor, negotiator to negotiator. The process be as little as a couple of weeks or as long as a couple of years. Nevada does have a new law requiring an answer in less than 3 months.
Once the bank makes a decision on your offer, several things must happen. First, the sellers have the option of accepting or rejecting the terms of the short sale approval – after all this is a seller contingency. Short Sale Sellers have lingering consequences (tax, legal and financial) so sometimes the decision is tough for them and they must consult with CPAs and attorneys. Once they accept the terms & conditions of the contract, the “short sale contingency” is removed. It is now the buyer’s turn to accept or reject the price, terms & conditions in the short sale approval.
So both buyer and seller agree to price, terms & conditions.
Here is where the fun really starts: Your Due Diligence period (as defined in a short sale addendum written with contract). This is the period where you need to meet all of your contingencies in your contract such as inspections, appraisals, verifying the property is insurable, loan approval, etc.
Even though many short sale properties are “as-is”, you should still be encouraged by your real estate agent to put in a contingency get an inspection done. You may want to know of any pending problems that may be looming right after close of escrow. This will allow you to back out of the contract if the bank or seller is not willing to fix major defects (mold, structure, broken furnace: you get the picture,) or you do not want to fix those problems yourself after close. More than likely, no one on the selling side is going to want to fix this.
You will want to research several Home Warranty companies if we successfully negotiated a home warranty to be paid by the seller. When you choose the company and the plan, simply let us know and we order it for you and send the information to title.
We are also communicating with your lender in regards to the loan approval and appraisal so everything can get done on time. We also like to make sure that if there are any issues with lending that need to be taken care of, they will early on so we don’t have major delays to your closing time frame.
One other thing you will have to do is read your “Certificate of Resale Package” if you are purchasing a home located in an HOA. By law, you have five days to read this material to make sure you can “live” within the bylaws of the HOA.
Common Problems during due diligence on an Short Sale property:
!!!Final Walk Through Issues:
Since the home is (more than likely being conveyed as-is) you may have to waive the walk through inspection. YOU SHOULD STILL WALK THROUGH to make sure the property is in the same condition the day you wrote the contract.
!!! Many times personal and real property disappear in a short sale.
Crazy things like door knobs and light switches……keep this in mind when you purchase the property as a condition in your contract may be that the property is conveyed AS-IS and there is no recourse to go back and request those items get taken care of or reimbursed at close!
Loan Docs arrive to title (FINALLY!) and you make an appointment to sign. Loan funding conditions (if any) need to be met to get the loan funded.
The bank now needs to do their job – HUD sign off . Sometimes it takes a while to get this done. It can take anywhere from one day to several weeks.
Recording, File Disbursed, We Closed, We Made it – HIP HIP HOORAY – YOU GET KEYS!
If you are thinking about buying an REO (Foreclosure or Bank Owned) property in the Las Vegas Area Please Call: 702-966-2494 to speak to one of my Las Vegas home buyer’s specialists.
15 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • January 07 2012 08:58PM
Summerlin November 2011 Real Estate Resale Market Report:
Since Last Month's Report:
For Current and Past Summerlin Market Reports
View Summerlin Homes For Sale Here (Updated Daily)
More Information on Summerlin Real Estate Here (Includes Video & Map)
More Las Vegas Communities Here
7 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • January 01 2012 03:50PMSelling Your House in Las Vegas: OUCH Your Listing Expired!
I am putting a postcard campaign together for reaching out to Las Vegas sellers who attempted to sell their home but their listing expired! I have found a lot of reasons why potential listings expired and am putting them right here in a nifty list for you:
Agent Related to Seller: I was actually shocked about this one. Almost 30% of our 1400 ish expired listings in the last three months were listings where the agent was related to the seller in some way. Maybe if your Las Vegas listing expired and you had a relative list it, you may want to find a Las Vegas real estate agent that has no emotional ties to you or your property.
Price: I was not shocked about this one. Without running full blown CMAs on the property but just using my trained eye on the area and PPSF, it appears that about 60% of expired listings are overpriced. Only about 20% of those listings were GROSSLY overpriced (by more than 10%.) That isn’t too shabby. Buyers are finicky in this market for bargains and even the slightest overpricing can turn your listing into an expired listing.
Photos in MLS: OK folks, it only rains here like five days out of the year and snows MAYBE one day of the year. People moving here from out of state are generally trying to escape some elements like snow and rain. When I see photos with snow (which is rare) or rain or clouds, it’s like fingernails on a chaulkboard. There are several other photo problems. Another is holiday decorations. There is no better way to age your listing by allowing your home to get photographed with holiday decorations. The last and probably the worst way to stigmatize your Las Vegas house listing is to have very few photos. Our MLS allows up to 25 photos. There is no excuse – even in a 2 bedroom condo to not have more than 10 photos. With that 2 bedroom condo there are probably community amenities available to add to the MLS. There were less than 10% of expired listings that made use of ALL 25 photo spots!
MLS Data Incomplete: Non-required (yet searchable) MLS data is empty and buyers may be missing out on the fact that you have granite countertops, walk-in closets, a balcony or a bedroom & bathroom downstairs – you get the picture. When you list your home you should ask for MLS sheets – both REALTOR® & public views so you can see how your home is portrayed to the public and compare it with your competition! I saw a LOT of white space with expired listings! I would say close to 80% of expired listings could have used better descriptions and made better use of the non-required MLS fields.
Showing Instructions: Homes that are difficult to show are difficult to sell. Uncooperative tenants & appointment with listing agent just to name a few. This was about 40% of expired listings. Placing your home on an electronic keybox and making showings easier will help get more traffic in the door and increase your chances of receiving a good & acceptable offer.
Please note – my above findings are for “standard” or “traditional” listings only. They DO NOT include short sale or REO listings that have expired in the last 3 months!
70 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • December 19 2011 07:20PMNew Las Vegas Waterpark (Splash Canyon) Update December 2011
The new Las Vegas Waterpark (Splash Canyon) is being worked on daily. Still moving dirt and being staked out now. Press releases indicate it is still looking to open Memorial Day 2012.
The “official” address of the park is 7055 S Fort Apache but I have noticed (from markers and such) that it appears the entrance may be around Arby & Fort Apache. As a homeowner who’s home backs up to Fort Apache at the 6900 block, I was hoping that it would be a little further south at Warm Springs & Fort Apache. On the following google map the marker is the actual address, the circle is where my home is located, the “X” is where the photo was taken which may indicate the possible entrance & the arrow drawn indicates where I hoped the entrance would be. There is vacant land on Warm Springs & Fort Apache which would be easier to widen the streets. Who am I though, just a stupid homeowner in the area – not county planning or construction for this project. I certainly hope I am WRONG on this observation!
ON A BRIGHTER NOTE, press releases also indicate that the park will NOT sell alcohol! This means perhaps less odds of someone busting through the block walls with their cars.
Overall I am thrilled about the idea of adding more jobs and business to the area. Not overly thrilled about the increased traffic on Fort Apache. Although, as I mentioned in my first post, I am happy to take one for “the team”. Las Vegas residents have been wanting a water park in the area since Wet & Wild closed it’s doors in 2004.
Here are my previous posts on this project:
August 2011 New Las Vegas Water Park Update
September 2011 New Las Vegas Water Park Update
7 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • December 08 2011 10:41AM
Click Here To View Talaverde at the Vistas Newest Listings & Homes for Sale.
Welcome Home To Northwest Las Vegas (Summerlin) Community:Â Â Talaverde at the Vistas!
Talaverde at the Vistas is Gated & Immediate Community Amenities Include a Playground.
Close to Retail, Restaurants, Professional Offices & Local Gaming. Â Also Close to the 215 Beltway & Summerlin Parkway for Easy Access to Downtown Employment & Entertainment Centers.
Please take a moment to fill out our questionnaires if you would like to:
11 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • November 27 2011 04:47PMIn Part 1 of the Las Vegas First Time Home Buyer Guide, I stressed the importance of shopping your financing options and getting approved for a loan. Once buyers are qualified they are usually excited to go shopping but they need to make sure they are ready to buy before they waste any time looking around.
In Part 2, we explored when it would be a good time to go shopping for your first home.
In Part 3, we chatted a bit on how you should go about interviewing and hiring your Las Vegas Buyer’s Agent.
In Part 4, realistic time frames for purchasing a home in a distressed environment were set.
In Part 5, we discussed the home search.
In Part 6, we wrote our offer.
In Part 7, we finally have an accepted offer!
Now we are going to discuss due diligence, contingencies & time frames for escrow. I call this the “fun” (NOT!) part of the transaction. If you had “fun” prior to this – just try to contain your excitement now!
In your offer your time frame for due diligence will (or at least “should”) be clearly defined. Basically during this time frame for “due diligence” you should be fulfilling your contingencies. This time frame is typically 10-14 CALENDAR (not business) days upon executed contract. Note I said “typically”. With short sales it is a tad different. Again, it all depends on how your contract is written! When I write a short sale contract for a buyer, I always state that due diligence begins when we are delivered written acceptance & fulfillment for the seller’s short sale contingency!
Now you need to get boogeying to get ALL the stuff done so you can remove your contingencies by the contracted date! Here is a list of the common items a buyer must take care of during this time frame:
What happens if something is not right with any of the above items? You can attempt to renegotiate the contract (typical with low appraisals or bad home inspections.) Either the seller will accept, counter or reject. It is typical for them to reject because the homes are typically priced “as-is” in this market. It doesn’t hurt to try.
The thing is, even if you are buying your home “as-is” – you can still get a home inspection to make sure you are “OK” with the items it may have wrong with it! If you cannot negotiate the items and cannot live with the problems at hand, you will “fall out of escrow” and if that happens during the due diligence period, you “should” get your earnest money deposit back. Always check with a lawyer to make sure you are within the boundaries of your contract.
You cannot renegotiate the HOA documents. You either can live with them or live without them.
Preliminary Title items must be cleared before close as a seller must convey clear title in the state of NV. The biggest concern for a buyer may be if theHOA is in collections – gotta stay on title to make sure the HOA demand is ordered and paid early or that could cause severe delays in closing.
All in all, this time frame can be VERY bumpy especially with what I call “invisible sellers” (bank owned or short sale sellers) who really don’t care about making sure your documents are delivered on time. Make sure you stay on top of things during this VERY stressful time. When your lender says “JUMP” don’t stop and say “WHY?” but ask “HOW HIGH!” I find that “WHY?” can trip things up and prolong things unnecessarily. Just remember – it is what it is!
In the next part of the series we will go over the “walk through”.
13 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • November 26 2011 07:31PM
Summerlin October 2011 Real Estate Resale Market Report:
Since Last Month's Report:
For Current and Past Summerlin Market Reports
View Summerlin Homes For Sale Here (Updated Daily)
More Information on Summerlin Real Estate Here (Includes Video & Map)
More Las Vegas Communities Here
9 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • November 23 2011 04:43PMNot really but it makes good press. The word on the streets is reactionary. Basically AB 284 addresses the issues of proper recordation of assignments & substitutions and also robosigning. Stuff that needs to be taken care of before close anyhow.
Here are some of the things I have heard from my peers about AB 284:
WE ARE AND/OR WILL RUN OUT OF INVENTORY! Shenanigans. We have been low on 
inventory since the first time buyer tax credit in 2009 and Las Vegas real estate inventory has been falling for the last 11 months in a row. If we go low on inventory it started happening well before this bill’s passage and implementation on October 1, 2011. It also takes generally 3+ months after a Notice of Default (NOD) or Breach & Election to Sell has been filed before a trustee sale date is established. See my Las Vegas foreclosure timeline. We still have 50000 (ish) NODs to wade through with about 3000-4000 trustee sales posted monthly.
REO AGENTS WILL BE PUT OUT OF BUSINESS! Boo hoo. When the market shifted and a majority of the inventory was distressed, the listings were given out to a few. This put many people out of business. I am sure anREO agent who wants to stay in business is resourceful enough to find new business. I have somehow managed to survive the last several years without getting into the REO or short sale listing business.
THIS WILL HELP SHORT SALES GET APPROVED! Maybe. Or maybe it would have to do with the legislation enacted in regards to short sales which was implemented in June/July. Little items like shortening the length of deficiencies with junior lienholders & time frames for lienholder approval.
Notice of Defaults are VERY low right now since this has been enacted, HOWEVER we still have 50K-ish NODs in the hopper to burn through. Another HOWEVER is that the trustee sale notice #’s have not dropped significantly.
What is my take on this? The sky isn’t falling & foreclosures will not be stopping. We will continue to have decreasing inventory (as we have been the last YEAR,) servicers will get their stuff in order and more revenue will come into the county via the county recorder’s office.
NOTE: This is an opinion piece and I am not a lawyer nor do I play one on the internet!
9 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • November 22 2011 08:21PMSelling Your House in Las Vegas: The Costs of Selling a Home
Many home sellers get “hung up” on what the commission is on selling their home. Sometimes they don’t understand that there are a myriad of other costs of selling a home involved (besides
liens) that are usually equivalent to the commission amounts. Each scenario for a home sale is different and your mileage may vary 
Here are the typical costs for selling your Las Vegas Home:
Real Estate Agent Commission: This is not a “set rate” as some people may think and it is negotiable. When you are interviewing Las Vegas real estate agents it is common in our area to ALSO charge a transaction fee or a flat fee amount on top of your negotiated %. This will be set in the listing agreement provided a GLVAR listing agreement is used, it is always best to ask up front.
Real Property Transfer Tax or RPTT: RPTT in Clark County NV is your sales price x .0051
Title & Escrow Fees: Again, this is not a set rate, settlement costs & title insurance fees vary from title company to title company. I really like to useOld Republic Title Company’s fee navigator when I do net sheets.
Reconveyance Fee: This is for paying off your mortgage if you have one and it runs around $300.
Recording Fee
Miscellaneous & Pad: For Fed Ex, Notary & Miscellaneous Items – $500
HOA Transfer Fees & Documents: Some areas (with governed by multiple HOAs) can expect these fees to run upwards to $1000. The seller is required to provide these documents per NV state law!
Costs of Repairs: If costs for repairs are written into the executed contract, this amount should be considered for the net also. Typical costs for repairs are $500-1000. Even if no costs are requested, sometimes lenders on financed transactions may ask for repairs on certain items to be done.
Costs Pursuant to Buyer’s Loan Program: There are also some loan programs that will not allow buyers to pay certain costs (such as VA loans) and the seller will have to bear those costs. Expect that to run around 1/2 to 1% of the purchase price.
Buyer’s Closing Costs: The buyer may ask the seller to pay their closing costs for items such as home warranty, appraisal, lender costs, title costs, recurring costs, prorated costs, etc. This fee is typically 3% but can run as high as 6%. This is all negotiable with the buyer contract before it is executed.
If you are thinking about selling your Las Vegas house and would like a no cost, no obligation estimated net sheet please fill out this questionnaire.
35 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • November 17 2011 05:33PMThe New Las Vegas Waterpark FINALLY has been named – Splash Canyon and it has a great website, facebook page, twitter handle and they are selling preseason passes for only $99! IDK that is kind of risky because they are still just moving dirt. Who knows?!?!
It’s great to finally get a glimpse of the rendering of Splash Canyon waterpark especially with the announcement that there was approval to build a waterpark in Henderson last week!
Here are my previous posts on this project:
August 2011 New Las Vegas Water Park Update
September 2011 New Las Vegas Water Park Update
October 2011 New Las Vegas Water Park Update
You may also view a slideshow of the construction progress on any of the above update links!
7 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • November 16 2011 07:52PMThis is part of an ongoing series about “Things That Can Make Your Las Vegas Financed Home Purchase *Blow Up* in the Middle of a Transaction.”
My ultimate goal in this series is to make Las Vegas Home Buyers aware of the challenges of a specific home’s eligibility for financing.
Congratulations! Your lender just approved you to purchase a Las Vegas area home by looking at your check stubs, debt to income ratio and you are now approved to purchase a Las Vegas area home!
You go through the process of looking for a home, get a contract accepted and have your inspections and appraisal done.
AND THEN YOU GO OUT & buy a car or blow up your credit card buying furniture, appliances and Christmas gifts.
Houston – we have a problem!! It doesn’t matter if you purchase these items with cash or credit. You want to speak with your trusted mortgage professional who is working on your loan before you spend ANY money before a real estate transaction closes!
Here are the reasons:
The moral of the story is: PLAY IT SAFE if you are purchasing a home during the holiday season and always speak to your lender before spending money!
9 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • November 11 2011 12:48PMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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