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real estate: Exploring The Short Sale Option - 02/29/12 06:45 PM

What is a Short Sale?A short sale is the process by which homeowners can sell their home and the sales proceeds do not fullypay off the existing loan(s) and the lender(s) accepts a discounted payoff to satisfy the loan.This is accomplished by providing proper documentation to the lender(s) to convince them to reduce thepayoff balance to allow the sale. If the sale is approved, the home can be sold for a price lower than thetotal debt on the property without the seller having to come up with immediate cash to cover the shortfall.The mortgage is either fully or partially satisfied … (0 comments)

real estate: Short Sale Authorization Form - 02/29/12 11:11 AM
I've been doing short sales in the Las Vegas area for about the last 6 years in our market.  In the past, getting the complete short sale package together to submit to the bank would be done at the time of the listing.  By the time there was an offer and the complete package was submitted to the bank could take up to 60 days or more at times. (not so much these days as my short sales are getting offers within days) However what I am finding now is that banks are kicking back the signed 3rd party authorization form … (0 comments)

real estate: REO Challenges & tips for writing accepted offers - 07/11/08 12:49 AM
There are tons of REO properties in the Las Vegas market and more each day.  Wanted to address some of the things I've experienced.
Seller's Pricing Strategy
List price is an "invitation" to make an offer Make sure to do buyer CMA on solds only Example if the home is worth $200k seller is putting property on the market for $185k This generates a "buzz" and in most cases a multiple offer situation Therefore the property sells at $220k However there have been numerous cases of appraisal issues, so watch out Resale Package
Some REO sellers are requiring the buyer pay … (5 comments)

real estate: Market Shifts - 09/14/07 04:46 PM
What causes market shifts:
Seasonal Cycle: the local monthly variations (highs and lows) caused by consistent and predictable consumer buying patterns.Economic Trajectory: the overall annual direction (up or down) of your local market caused by local economic conditions:employment cost of living housing affordability, population growth or decline and other demographic trendsThe Economic Trajectory is determined on multiple levels.  National (Macro), City (Metro) and Local (Micro)
National 
InflationInterest Rates City
PopulationEmploymentHousehold IncomeLocal
Neighborhood DynamicsHome Prices Looking at this from the Las Vegas market perspective we are in good shape overall.  On the National level inflation continues to rise and the fed is expected to drop interest rates … (0 comments)

real estate: Interesting Mortgage Tidbits! - 09/06/07 06:42 PM
Hi friends and Collegues,
I attended an conference with a leader in the mortgage industry.  Thought I'd share my notes with you....
The media has HYPED up the housing market as CRASHING for some time now because of the sub-prime market.  But did you know that the sub prime market only consists of 9% of all loans in America?  In fact, "organized Real Estate" is not well equip with the tools to deal with markets such as now.  We have been too slow to learnFacts from the National Association of Realtors Economist:
Now we are seeing stabilizing price trends nationwide 2/3 of all markets … (5 comments)

real estate: Millionaire Real Estate Investor - 06/11/07 05:11 PM
Millionaire Real Estate Investor, aka "the blue book"
  (click on the book to order)
This book is also cowritten by the owner of my Las Vegas Keller Williams office, Dave Jenks.  It compiles the secrets and systems of MANY successful real estate investors and puts it into one book.  Great gift for your investor clients!  Again, this book makes an excellent read for anyone even if you aren't in real estate!  Contact me for more info.
Christin Griffin, ChristinGriffin@kw.com 
… (0 comments)

real estate: Millionaire Real Estate Agent - 06/11/07 04:56 PM
Millionaire Real Estate Agent, aka "The Red Book"
One of the authors of this book is the owner of my office in Las Vegas, Dave Jenks.  I think every business person should read this book as there are many life lessons in it as well.  Great systems that are proven to produce results. Give it to someone you love after you finish it.  If you would like a copy of the book, please contact me and I'll get it to you promptly!  Have a fantastic day!
Christin Griffin, ChristinGriffin@kw.com, Keller Williams Realty Las Vegas

… (3 comments)

real estate: The Millionaire Real Estate Agent Top Tool for Team Leaders - 05/28/07 01:26 PM

Perhaps more than any other factor, the models and systems spelled out in The Millionaire Real Estate Agent have served as the foundational success factor for Keller Williams Associates.  When new agents sign on with Keller Willimas, they are encouraged to read The Red Book and keep it close at hand.
But research has revealed that The Millionaire Real Estate Agent is also a critical tool for team leaders to attract and retain new talent.  In 2006, team leaders who subscribed to MREA and gave a copy of MREA to interviewees:
Recruited 37% more agentsNetted 52% more Performed 16% better on agent goals "When … (1 comments)

 
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Christin Griffin, Short Sale Queen

Las Vegas, NV

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Realty ONE Group

Address: 2831 St Rose Parkway , Ste 100, Henderson, NV, 89052

Office Phone: (702) 898-7575

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