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first time buyer: Where have I been? - 12/29/07 11:23 AM
I have been so busy with the REO side of business I haven't had any time to write. Lately I have been getting 30-50 Broker Price Opinion requests a week. Add to that the 20 something clients I am still working with and sitting still long enough to write on the blog is a dream.
Just wanted to share somehting that I haven't seen in a while. Multiple offers on houses. I have a few clients in the sub $200K range who have been looking and we have been writing offers on REO listings. We are looking at properties that have just been … (0 comments)

first time buyer: Update on Sunday Hudson and Marshall Auction - 08/06/07 11:48 AM
If you weren't at the Las Vegas Auction on Sunday, August 5th, you missed out on an excellent real estate experience.
I got to the event and noticed that tons of cars were pulling in and that valet was full even @ 11:30 on a Sunday. As I walked in to the event I was talking with the lady next to me as I saw property printouts in her hand. We got to the registration tables and and waited about 2-3 minutes to sign in and get our "paddles". After that we sat and talked, looking over comps I had brought. She … (0 comments)

first time buyer: Proposed HUD Rule Comment Period Extended - 07/16/07 04:47 PM
I received an update from the Nehemiah program following my last post on downpayment assistance programs in trouble. 
Due to significant interest, The Department of Housing and Urban Development (HUD) has extended the public comment period on the proposed rule entitled ‘Standards for Mortgagor's Investment in Mortgaged Property' until August 10, 2007.
If the proposed rule is implemented as currently written, homebuyers using mortgages insured by the Federal Housing Administration (FHA) would be prohibited from accepting downpayment gifts that are indirectly funded by the home seller. This would impact your business by eliminating all privately funded downpayment assistance programs.
The extended comment period ensures … (0 comments)

first time buyer: Down Payment Assitance in trouble. - 06/18/07 11:18 AM
I bought my first house before I became an active real estate agent. Back then, homes were affordable, the average ones hovering just above the triple digits.
I'd saved the 3% required by FHA for down-payment but didn't like the idea of being newly married, starting a new family, and using most of my savings to get a house thus eliminating a major portion of my savings at the same time.
A REALTOR here in Las Vegas (now my broker) turned me on to the Nehemiahprogram and helped me get my first house without using my savings for down-payment.
Now, my favorite programs are … (3 comments)

 
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John Calvert

Boulder City, NV

More about me…

Desert Sun Realty

Address: 1220 Arizona St, Boulder City, NV, 89005

Office Phone: (702) 293-0001

Cell Phone: (702) 324-7133

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Las Vegas Real Estate reports, appreciation and events that affect the housing market.


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