http://activerain.com/blogs/lasvegasrealestateforyou Specializing in those forgotten "at" Rhodes Ranch Communities in Southwest Las Vegas that offer peek-a-boo views of the mountains and city lights! I love to watch trends and statistics in this fascinating market! I do have a newsletter that you can subscribe to - so if you want to keep in tune with the Las Vegas Real Estate Market Conditions on a monthly basis, sign up with absolutely no obligation! en-us http://activerain.com/blogsview/1387475/las-vegas-nv-area-short-sale-november-2009-inventory-update <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/post/1339511/las-vegas-nv-area-short-sale-october-2009-inventory-update" title="Las Vegas Area Short Sales" target="_blank"><img title="Las Vegas Area Short Sale Homes For Sale" src="http://activerain.com/image_store/uploads/5/0/0/1/2/ar126096894921005.jpg" height="290" alt="Las Vegas Area Short Sale Homes For Sale" width="482" /></a></p> <p>The absorption rate for <strong><a href="http://www.reneeburrows.com/lasvegasshortsales.html" target="_blank">Las Vegas Valley Area Short Sales</a></strong>&nbsp;is finally seeing movement.&nbsp; Absorption&nbsp;is moving to the stable market territory at only&nbsp;6.9 months of inventory.&nbsp; Solds have FINALLY gone from hovering the 200 unit mark and went over the&nbsp;500 mark.&nbsp; I see improvement in this sector!&nbsp;Inventory&nbsp;has&nbsp;decreased&nbsp;&nbsp;(-1 units).&nbsp; Pending units&nbsp;have&nbsp;increased by +278 units.&nbsp;&nbsp;&nbsp; Solds have&nbsp;decreased by -43&nbsp;units.&nbsp;(this is the first decrease in short sale solds since May)</p> <p>There are many reasons for the lack of closings in this market and it is <a href="http://activerain.com/blogsview/224489/Las-Vegas-Short-Sales">outlined in this post</a><a href="http://activerain.com/blogsview/224489/Las-Vegas-Short-Sales">.&nbsp;</a></p> <p><strong>Short Sale Synopsis:</strong></p> <ul> <li>Listings 12/15/2009:&nbsp;4474 </li> <li>Pending 12/15/2009:&nbsp;9016 </li> <li>Closed&nbsp;November 2009:&nbsp;645 </li> <li>Month's Inventory:&nbsp;6.9</li> </ul> <p><strong>Short Sales Currently&nbsp;Account for:</strong></p> <ul> <li>43% of All Las Vegas Valley Listings </li> <li>17% of All Las Vegas Valley Sales<br />&nbsp; </li> </ul> <p><a href="http://www.reneeburrows.com/lasvegasshortsales.html">Read here for the most current Las Vegas Area Short Sale Report.</a></p> <p><a href="http://lasvegasrealestateforyou.activerain.com/post/1339511/las-vegas-nv-area-short-sale-october-2009-inventory-update" target="_blank">Read here for last month's report on Las Vegas Area Short Sales.</a></p> <p><a href="http://www.reneeburrows.com/"></a></p> <p>If you need to sell your home through the short sale process, you can either <a href="http://www.reneeburrows.com/lasvegasshortsales.html">fill out the form on this page</a> or you can call 702-966-2494 and press option 0.&nbsp;</p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Wed, 16 Dec 2009 07:12:16 -0600 http://activerain.com/blogsview/1387475/las-vegas-nv-area-short-sale-november-2009-inventory-update http://activerain.com/blogsview/1387065/las-vegas-nv-area-october-2009-pendings-report-pendings-drop-inventory-down-closes-happening <p style="text-align: center;"><a href="http://www.reneeburrows.com/lasvegasrealestatemarketreport.html" title="las vegas area homes for sale" target="_blank"><img title="Las Vegas Area Homes For Sale - Pending - Sold" src="http://activerain.com/image_store/uploads/5/2/7/7/5/ar126092988657725.jpg" height="290" alt="Las Vegas Area Homes For Sale - Pending - Sold" width="733" /></a></p> <p style="text-align: center;"><img src="http://activerain.com/image_store/uploads/6/2/8/2/2/ar126093028222826.jpg" height="290" alt="" width="482" /></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/lasvegasrealestatemarketreport.html" title="las vegas area homes for sale" target="_blank"></a></p> <p>The Las Vegas Valley (includes Henderson &amp; North Las Vegas) has seen some major market stabilization in the last&nbsp;year!&nbsp; Absorption for&nbsp;November 2009&nbsp;is a&nbsp;seller's&nbsp;market @&nbsp;2.7 months of inventory.&nbsp; Some micro-markets (ie,Foreclosures <a href="http://activerain.com/blogsview/741422/Las-Vegas-NV-August-2008-REO-Inventory-Update-28-Months-Inventory-Strong-Sellers-Market">Bank Owned, REO)</a> are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm!</p> <p>We are FINALLY seeing a stabilization of inventory&nbsp;and a decrease with escrows (we should have seen that late spring/early summer!)&nbsp; Good news for buyers?&nbsp; Still remains to be seen.&nbsp; We need to get over 10000&nbsp;active units on the&nbsp;market before it can be stabilized from a seller's market&nbsp;</p> <p><strong>Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)</strong></p> <ul> <li>Listings (12/15/2009):&nbsp;&nbsp;10332</li> <li>Under Contract (12/15/2009):&nbsp;&nbsp;14136 </li> <li>Sold&nbsp;November&nbsp;2009:&nbsp;&nbsp;3774 </li> <li>Month's Inventory:&nbsp;&nbsp;2.7 </li> </ul> <p><strong>Short Sales:</strong></p> <ul> <li>43% of Listings </li> <li>17% of Sales </li> </ul> <p><strong>REO (Foreclosures, Bank Owned:)</strong></p> <ul> <li>22% of Listings </li> <li>63% of Sales </li> </ul> <p>The above breakdown shows how very few short sales are being closed and how little inventory is in the REO market currently.&nbsp;</p> <p><strong>In One Month:</strong>&nbsp; Listings are&nbsp;DOWN -61&nbsp;units, pendings are&nbsp;DOWN -473&nbsp;units, closings are&nbsp;DOWN -554&nbsp;units.&nbsp;&nbsp;Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times.&nbsp;</p> <p>&nbsp;<a href="http://www.reneeburrows.com/lasvegasdownpaymentassistance.html"><strong>DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME BUYERS, HOWEVER!!</strong></a></p> <p><a href="http://lasvegasrealestateforyou.activerain.com/post/1352967/las-vegas-nv-area-october-2009-pendings-report-pendings-drop-slightly-finally-" title="Las Vegas Homes For Sale Market Report" target="_blank">Last Month's Pending Report</a></p> <p><a href="http://www.reneeburrows.com/lasvegasforeclosures.html" target="_blank">The Most Current REO (Foreclosure) Report</a></p> <p><a href="http://www.reneeburrows.com/lasvegasshortsales.html" target="_blank">The Most Current Short Sale Report</a></p> <p><a href="http://www.reneeburrows.com/lasvegasrealestatemarketreport" target="_blank">The Most Current Las Vegas Area Pendings Report</a></p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Tue, 15 Dec 2009 20:22:47 -0600 http://activerain.com/blogsview/1387065/las-vegas-nv-area-october-2009-pendings-report-pendings-drop-inventory-down-closes-happening http://activerain.com/blogsview/1386416/third-annual-dog-in-a-box-las-vegas-italian-greyhound-holiday-event- <p style="text-align: center;"><a href="http://itgreyhound.meetup.com/171/messages/boards/" title="Las Vegas Iggies" target="_blank"><img src="http://activerain.com/image_store/uploads/5/1/6/8/0/ar126090559208615.jpg" height="267" alt="" width="400" /></a></p> <p>The Third Annual "Dog In a Box" Holiday Party for the Las Vegas Italian Greyhound Meetup group was held at my house on Saturday, Dec 12.</p> <p>We had 13 Humans and 18 Iggies.&nbsp; Of the 18 Iggies, 1 was a foster (up for adoption) and three were "honorary iggies".&nbsp; Of the three honorary iggies, two were Boston Terriers and one was a Schnauzer.</p> <p>The humans ate, drank and got merry while the Iggies <span style="text-decoration: line-through;">played</span> begged for food.&nbsp; We then exchanged White Elephant (dog) gifts and then they had their annual "dog in a box" photos in front of the Christmas Tree.</p> <p>It was nice to re-connect with some people I haven't seen in the group since Summer!</p> <p>If you have an Italian Greyhound in the Las Vegas Area or are interested in the breed, <a href="http://itgreyhound.meetup.com/171/messages/boards/" title="Las Vegas Italian Greyhounds" target="_blank">feel free to join our meetup group for events such as this</a> and meetups at dog parks all year long :)</p> <p>I want everyone to remember this Holiday Season:&nbsp; Don't Shop ~ Adopt!</p> <p><a href="http://www.petfinder.com/shelterSearch/shelterSearch.cgi?animal=&amp;breed=&amp;age=&amp;size=&amp;specialNeeds=&amp;declawedPets=&amp;children=&amp;status=&amp;id=&amp;internal=&amp;contact=&amp;name=&amp;shelterid=NV89&amp;sort=&amp;preview=1" target="_blank">We currently have an abundance of&nbsp;Italian Greyhounds&nbsp;in Rescue (these aren't the only ones!)</a>&nbsp; If you are interested in adopting an Italian Greyhound or fostering an Italian Greyhound, please call me @ 702-580-1783 or email me @ <a href="mailto:Renee@ReneeBurrows.com">Renee@ReneeBurrows.com</a></p> <p>&nbsp;</p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Tue, 15 Dec 2009 13:47:11 -0600 http://activerain.com/blogsview/1386416/third-annual-dog-in-a-box-las-vegas-italian-greyhound-holiday-event- http://activerain.com/blogsview/1385123/deep-thoughts-about-shadow-inventory-in-the-las-vegas-henderson-area <p style="text-align: center;"><a href="http://atom.smasher.org/graffiti/?l1=It&amp;l2=Is&amp;l3=What&amp;l4=It&amp;l5=Is&amp;l6=" target="_blank"><img src="http://activerain.com/image_store/uploads/5/9/5/3/4/ar126084060243595.jpg" height="480" alt="" width="640" /></a></p> <p>While I am seeing no end in sight with so many upside down properties, I don't see "shadow" inventory being dumped on the market.</p> <p>While we sit in the middle of "moratorium" and "slow" season, here is what *I SEE*&nbsp;is going on:</p> <p>Inventory climbed slightly in November and now dropped slightly <a href="http://www.reneeburrows.com/lasvegasrealestatemarketreport.html" title="las vegas area market reports" target="_blank">(I pull numbers officially on the 15th</a>.)&nbsp; Pendings have dropped tremendously since November BUT so far December's closings are telling me that there will be more closings (Christmas presents) in December than November!</p> <p>Where is that pesky Shadow Inventory or the "Big Dump" banks will be taking&nbsp;that people (Realtors,&nbsp;Servicing Companies, Financial Planners, Wallstreet Gurus, etc)&nbsp;have been promising since last spring??</p> <p>Should we have a recap?&nbsp; Yes I say we shall!</p> <p><strong>Rentals:</strong>&nbsp; Fannie and Freddie have Rentback programs for Tenants and Homeowners that qualify</p> <p><strong>Bankruptcy:</strong>&nbsp; Yup, a property can get tied up while a defaulted owner is in BK</p> <p><strong>Loan Modifications:</strong>&nbsp; I do sincerely believe that many who have defaulted are getting loan modd-ed</p> <p><strong><a href="http://www.reneeburrows.com/lasvegasshortsales.html" title="las vegas short sales" target="_blank">Short Sales</a>:</strong>&nbsp; It's not too tough to push back a sale date when an aggressive lawyer or short sale agent is working on your file and you have a good offer.</p> <p><strong><a href="http://activerain.com/blogsview/1207262/las-vegas-area-sellers-and-sales-transaction-categories-trustee-s-sales-6-in-a-series-" target="_blank">Trustee's Sales</a>:</strong>&nbsp;&nbsp;Summer 2008&nbsp;I estimated 2-4% of Trustee's Sales were NOT going back to the bank but rather going to corporate flipping entities or private parties.&nbsp; Today I say that number is between 40-60%.&nbsp;</p> <p><strong>Fire Sale Prices Picqued Buyer interest is at an all time high:</strong>&nbsp; yes, I said it!&nbsp; REO inventory is being GOBBLED up by extremely high buyer interest!</p> <p><strong>Certain Servicers are Just NOT Foreclosing:</strong>&nbsp; For some reason (yea, someone else can name names) there is a major servicing company that is just not issuing sale dates on empty properties and they aren't moving on short sales either.&nbsp; Don't know the reasoning behind that one but :shrug:</p> <p><a href="http://www.greatrealestate.com/MapSearch.aspx?ID=238F47090FF841F899D8037C246" target="_blank">Our inventory</a> is being controlled by the forces above, and a little by the banks and the government.&nbsp; We still need about 10000 units (yes, 10,000, ten thousand) units to turn this from a SELLER'S MARKET to a STABLE MARKET.</p> <p>Nope, it won't stop any time soon.&nbsp; They only way we can get more inventory and declining prices is by severe underwriting guideline changes (tighter) or large hikes in interest rates. (The aforementioned scenarios are not out of the realm of possibilities especially with DU 8.0 on the horizon.)&nbsp; It simply means less buyers will be swimming in the inventory pool because they no longer qualify!</p> <p>I am sick of the phrase "It is What it Is" (I will vomit next time I hear it) so help me think of a new phrase to describe what selling in hell is like ;)</p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Mon, 14 Dec 2009 19:51:25 -0600 http://activerain.com/blogsview/1385123/deep-thoughts-about-shadow-inventory-in-the-las-vegas-henderson-area http://activerain.com/blogsview/1385121/what-is-a-reverse-mortgage-part-4- <p> <p>Part IV of Lewis' excellent series on Reverse Mortgages!&nbsp; Enjoy and click on the link to leave Lew comments please:</p> </p> <div id="reblogging_tag">Via <b><a href="http://activerain.com/blogsview/1353856/what-is-a-reverse-mortgage-part-4-">Lewis Corcoran - Offering Reverse Mortgages, and FHA, VA, and USDA Loans (Star Mortgage® - Serving Massachusetts and Florida)</a></b>:<br/><blockquote><p><strong>What Is A Reverse Mortgage? (Part 4)<br /></strong><strong>A 12 Part Series</strong></p> <p><strong>Part 4 - Pros and Cons of a Reverse Mortgage </strong><br /><br />Why Should You Consider a <strong>Reverse Mortgage</strong></p> <ul type="disc"> <li>Allows the homeowners to stay in their home permanently. </li> <li>Pays off existing mortgages on the home. </li> <li>Simple to qualify for because credit scores and income are not considered. </li> <li>No monthly payments are due for as long as the homeowner lives in the home. </li> <li>The homeowner receives payments on flexible terms: <ul> <li>Credit line for emergencies</li> <li>Monthly income</li> <li>Lump sum distribution</li> <li>Any combination of the above</li> </ul> </li> <li>A <strong>reverse mortgage</strong> can not get "upside down" so the heirs will never owe more than the home is worth. </li> <li>Heirs inherit the home and keep the remaining equity after the balance of the <strong>reverse mortgage</strong> is paid off. </li> <li>Proceeds are not taxable. </li> <li>The interest rate is lower than traditional mortgages and home equity loans.&nbsp;&nbsp;</li> </ul> <p>Reasons Why You Shouldn't Do a <strong>Reverse Mortgage</strong></p> <p>The fees on a <strong>reverse mortgage</strong> are the same as a traditional FHA mortgage. But, the fees are higher than a conventional mortgage because of the insurance premium. The largest costs are:</p> <ul type="disc"> <li>Upfront FHA Mortgage Insurance Premium of 2% of the maximum loan amount</li> <li>Origination fee - 2% of the first $200,000, then 1% of the remaining maximum mortgage amount, with a minimum of $2,500 but not to exceed $6,000</li> <li>Although Social Security and Medicare are not affected, Medicaid and other needs-based government assistance can be affected if too much funds are withdrawn (and not spent) in one month. </li> <li>Counseling. The program is not well understood by most individuals, and all borrowers must get counseling on <strong>reverse mortgages</strong>. However, independent <a href="http://www.reversemortgageguides.org/reverse_mortgage/counseling"><strong>reverse mortgage</strong> counseling</a> is readily available. </li> </ul> <p><strong><br />Next: Part 5 - Reverse Mortgages, Income and Taxes<br /></strong><strong>&nbsp;&nbsp;</strong></p> <p><strong><a href="http://activerain.com/blogsview/1349270/what-is-a-reverse-mortgage-part-1-">Part 1 - Definition of a Reverse Mortgage</a> <br /></strong><strong><a href="http://activerain.com/blogsview/1350354/what-is-a-reverse-mortgage-part-2-">Part 2 - Reverse Mortgage Eligibility Requirements</a></strong><strong><br /><a href="http://activerain.com/blogsview/1352459/what-is-a-reverse-mortgage-part-3-">Part 3 - Myths and Frequently Asked Questions of Reverse Mortgages</a></strong><br />&nbsp;</p> <p>If you're 62 or older and are looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, to pay for healthcare expenses, or even to buy your retirement home, then consider getting a <a href="http://www.lewcorcoran.com/freeReports/About%20Reverse%20Mortgages/">reverse mortgage</a>. Find out how a&nbsp;<a href="http://www.lewcorcoran.com/loanOptions/Featured/Reverse%20Mortgages/">reverse mortgage</a> can use the equity in your home to pay you.</p> <p>&nbsp;</p><div class="agent_signature"><hr style="text-align: center;" /> <table cellspacing="0" bordercolor="#111111" border="0" id="AutoNumber6" cellpadding="0" width="587" style="text-align: center; width: 100%; border-collapse: collapse;"> <tbody> <tr> <td width="20%">&nbsp;</td> <td width="80%">&nbsp;</td> </tr> <tr> <td width="35%"> <table cellspacing="0" bordercolor="#111111" border="0" id="AutoNumber7" cellpadding="0" width="100%" style="border-collapse: collapse;"> <tbody> <tr> <td width="100%"> <p style="text-align: center;"><a href="http://www.LewCorcoran.com" title="See Lew Corcoran at Northeast Community Mortgage" target="_blank"><img title="Visit Lew Corcoran, Sr. Mortgage Consultant at Star Mortgage" src="http://activerain.com/image_store/uploads/1/7/1/7/6/ar12584554667171.jpg" height="67" alt="Star Mortgage" width="179" style="margin: 0px;" /></a></p> </td> </tr> </tbody> </table> <a href="http://twitter.com/lewcorcoran" title="See Lew Corcoran on Twitter" target="_blank"><img title="Follow Lew Corcoran on Twitter" src="http://activerain.com/image_store/uploads/4/9/4/9/7/ar125675281379494.gif" height="16" alt="Twitter" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.facebook.com/people/Lew-Corcoran/1609263430" title="See Lew Corcoran on Facebook" target="_blank"><img title="Follow Lew Corcoran on Facebook" src="http://activerain.com/image_store/uploads/2/5/4/3/5/ar125675283653452.gif" height="16" alt="Facebook" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.linkedin.com/pub/lew-corcoran/a/367/2b8" title="See Lew Corcoran on LinkedIn" target="_blank"><img title="Follow Lew Corcoran on LinkedIn" src="http://activerain.com/image_store/uploads/5/3/0/6/5/ar125675285556035.gif" height="16" alt="LinkedIn" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.trulia.com/profile/lewcorcoran/" title="See Lew Corcoran on Trulia" target="_blank"><img title="See Lew Corcoran on Trulia" src="http://activerain.com/image_store/uploads/7/2/0/6/0/ar125744005906027.jpg" height="16" alt="Trulia" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://lewcorcoran.wordpress.com"><img title="See Lew Corcoran at WordPress" src="http://activerain.com/image_store/uploads/2/0/0/4/6/ar126080590664002.png" height="16" alt="Articles and Blogs About the Mortgage and Real Estate Market on Cape Cod" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogs/lewcorcoran/rss" title="RSS Feed for Lew Corcoran's ActiveRain blog" target="_blank"><img title="RSS Feed for Lew Corcoran's ActiveRain blog" src="http://activerain.com/image_store/uploads/7/0/9/7/7/ar125675289677907.gif" height="16" alt="rss" width="16" style="margin: 2px;" /></a></td> <td width="65%"> <p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: verdana,geneva;"><span style="font-size: xx-small;"><span><strong>Lew Corcoran, Sr. Mortgage Consultant</strong><br /><strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/Reverse%20Mortgages/" title="Reverse Mortgages" target="_blank">Reverse Mortgages</a></strong> / <strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/FHA%20Mortgage%20Loans/" title="FHA Mortgage Loans" target="_blank">FHA Loans</a></strong> / <strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/VA%20Mortgage%20Loans/" title="VA Mortgage Loans" target="_blank">VA Loans</a></strong><br /><strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/USDA%20Rural%20Development%20Loans/" title="USDA Rural Development Loans" target="_blank">USDA Rural Development Loans</a></strong><br /><strong>in Massachusetts and Florida<br /></strong><a href="http://www.lewcorcoran.com/loanOptions/Custom Pages/Coupon/" title="Get $250 off closing costs when you apply for a mortgage online." target="_blank"><strong>Save on&nbsp;closing costs when you apply for a mortgage online</strong></a><br /></span><span><a href="http://activerain.com/blogs/lewcorcoran/" title="Lew Corcoran's ActiveRain Blog" target="_blank"><strong>ActiveRain Blog</strong></a></span><span><span>&nbsp;/ </span></span></span></span><span><a href="http://localism.com/neighbor/lewcorcoran" title="Lew Corcoran on Localism" target="_blank"><strong><span style="font-family: verdana,geneva; font-size: xx-small;">Localism</span></strong></a><span style="font-family: verdana,geneva; font-size: xx-small;">&nbsp;/ </span><a href="http://newenglandproperties.net/" title="New England Properties" target="_blank"><strong><span style="font-family: verdana,geneva; font-size: xx-small;">New England Properties</span></strong></a><br /><strong><a href="http://lewiscorcoran.com/" title="The Mortgage Market Watch and Interest Rate Lock Advisory" target="_blank"><span style="font-family: verdana,geneva; font-size: xx-small;">The Mortgage Market Watch and Interest Rate Lock Advisory</span></a></strong></span></p> </td> </tr> <tr> <td width="35%">&nbsp;</td> <td width="65%">&nbsp;</td> </tr> </tbody> </table> <hr style="text-align: center;" /></div></blockquote></div><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Mon, 14 Dec 2009 19:49:16 -0600 http://activerain.com/blogsview/1385121/what-is-a-reverse-mortgage-part-4- http://activerain.com/blogsview/1384867/welcome-home-to-sw-las-vegas-communities-carmel-ridge-aka-eldorado-lindell- <p style="font-size: 20pt; font-family: fantasy, cursive, Serif; text-align: center;"><strong><a href="http://www.reneeburrows.com/lasvegascommunities.html" title="las vegas communities" target="_blank"></a></strong></p> <p style="font-size: 20pt; font-family: fantasy, cursive, Serif; text-align: center;"><strong><a href="http://www.reneeburrows.com/lasvegascommunities.html" title="Las Vegas communities - Carmel Ridge or Eldorado &amp; Lindell" target="_blank"></a></strong></p> <p style="font-size: 20pt; font-family: fantasy, cursive, Serif; text-align: center;"><strong><a href="http://www.reneeburrows.com/lasvegascommunities.html" title="Las Vegas communities - Carmel Ridge or Eldorado &amp; Lindell" target="_blank"></a></strong></p> <p style="font-size: 20pt; font-family: fantasy, cursive, Serif; text-align: center;"><strong><a href="http://www.reneeburrows.com/lasvegascommunities.html" title="Las Vegas communities - Carmel Ridge or Eldorado &amp; Lindell" target="_blank"><img title="Carmel Ridge &quot;Eldorado &amp; Lindell&quot; - Las Vegas Community" src="http://activerain.com/image_store/uploads/2/2/0/0/5/ar126083214750022.jpg" height="300" alt="Carmel Ridge &quot;Eldorado &amp; Lindell&quot; - Las Vegas Community" width="650" /></a></strong></p> <p style="font-size: 20pt; font-family: fantasy, cursive, Serif; text-align: center;"><strong>Welcome Home to&nbsp; SW <a href="http://www.reneeburrows.com/lasvegascommunities.html" title="las vegas communities" target="_blank">Las Vegas Communities</a>: Carmel Ridge (aka "Eldorado &amp; Lindell)</strong></p> <ul> <li> <div style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Ranging from&nbsp;1187-1746 Square Feet</div> </li> <li> <div style="font-family: fantasy, cursive, Serif; font-size: 20pt;">97 Single Family, Detached Homes</div> </li> <li> <div style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Built from 2004 to 2005 by Richmond American</div> </li> <li> <div style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Located Near the Cross Streets of Eldorado &amp; Lindell</div> </li> </ul> <p style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Minutes from the 215 Beltway ramp @ South&nbsp;Jones which is good proximity to McCarran Airport, UNLV, South Las Vegas Strip Entertainment and Employment Centers</p> <p style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Also Close to: Local Gaming &amp; Restaurants</p> <p><br /><small><a href="http://maps.google.com/maps?hl=en&amp;ie=UTF8&amp;t=h&amp;ll=36.053956,-115.215447&amp;spn=0.002602,0.003208&amp;z=17&amp;source=embed" style="color: #0000FF; text-align: left;">View Larger Map</a></small></p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; 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font-family: fantasy, cursive, Serif; text-align: center;"><strong><a href="http://www.reneeburrows.com/lasvegascommunities.html" title="las vegas communities" target="_blank"><img title="Las Vegas Community - Wineridge Village" src="http://activerain.com/image_store/uploads/2/5/4/5/4/ar126075336745452.jpg" height="300" alt="Las Vegas Community - Wineridge Village" width="650" /></a></strong></p> <p style="font-size: 20pt; font-family: fantasy, cursive, Serif; text-align: center;"><strong>Welcome Home to GATED SW <a href="http://www.reneeburrows.com/lasvegascommunities.html" title="las vegas communities" target="_blank">Las Vegas Communities</a>: Wineridge Village</strong></p> <ul> <li> <div style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Gated Community</div> </li> <li> <div style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Ranging from 1476-2193 Square Feet</div> </li> <li> <div style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Built from 2006 to 2008</div> </li> <li> <div style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Located Near the Cross Streets of Pebble/Durango</div> </li> <li> <div style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Community Amenities Include: Pool, Spa, Playground</div> </li> </ul> <p style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Minutes from the 215 Beltway ramp @ South Durango which is good proximity to McCarran Airport, UNLV, South Las Vegas Strip Entertainment and Employment Centers</p> <p style="font-family: fantasy, cursive, Serif; font-size: 20pt;">Also Close to: Retail, Professional Offices, Medical, Restaurants and Local Gaming</p><iframe src="http://maps.google.com/maps?hl=en&amp;ie=UTF8&amp;t=h&amp;ll=36.024581,-115.286869&amp;spn=0.003471,0.004302&amp;z=17&amp;output=embed" frameborder="0" height="400" scrolling="no" width="400"></iframe><br /><small><a href="http://maps.google.com/maps?hl=en&amp;ie=UTF8&amp;t=h&amp;ll=36.024581,-115.286869&amp;spn=0.003471,0.004302&amp;z=17&amp;source=embed" style="color: #0000FF; text-align: left;">View Larger Map</a></small><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Sun, 13 Dec 2009 19:23:30 -0600 http://activerain.com/blogsview/1383081/welcome-home-to-gated-sw-las-vegas-communities-wineridge-village http://activerain.com/blogsview/1380415/coronado-ranch-las-vegas-nv-october-2009-real-estate-market-report-homes-for-sale-pending-sold- <p style="text-align: center;"><strong><a href="http://www.reneeburrows.com/lasvegascommunities.html" title="Las Vegas Communities - Coronado Ranch" target="_blank"><img title="Coronado Ranch Homes For Sale" src="http://activerain.com/image_store/uploads/3/9/3/9/5/ar126056315959393.jpg" height="300" alt="Coronado Ranch Homes For Sale" width="650" /></a></strong></p> <p style="text-align: center;"><strong><img title="Coronado Ranch Homes For Sale" src="http://activerain.com/image_store/uploads/7/8/2/9/6/ar126056311469287.jpg" height="290" alt="Coronado Ranch Homes For Sale" width="482" /></strong></p> <p><strong>Coronado Ranch&nbsp;October 2009&nbsp;Real Estate Resale&nbsp;Market Report (Homes For Sale/Pending/Sold):</strong></p> <ul> <li>Listings (11/15/2009):&nbsp;&nbsp;32 </li> <li>Under Contract (11/15/2009):&nbsp;&nbsp;65 </li> <li>Sold October&nbsp;2009:&nbsp;&nbsp;17 </li> <li>Month's Inventory:&nbsp;&nbsp;1.9</li> </ul> <p>Since Last Month:&nbsp; Listings are UP +8, Pendings are DOWN -6, Solds Units NO CHANGE</p> <p><a href="http://lasvegasrealestateforyou.activerain.com/post/1288388/coronado-ranch-las-vegas-nv-september-2009-real-estate-market-report-homes-for-sale-pending-sold-" title="Coronado Ranch Listings" target="_blank">Last Month's Coronado Ranch Market Update</a></p> <p><a href="http://www.reneeburrows.com/lasvegascommunities.html" title="Las Vegas Communities" target="_blank">To View Other Las Vegas Communities Click Here!</a></p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Fri, 11 Dec 2009 14:29:14 -0600 http://activerain.com/blogsview/1380415/coronado-ranch-las-vegas-nv-october-2009-real-estate-market-report-homes-for-sale-pending-sold- http://activerain.com/blogsview/1379542/unsure-what-to-do-with-your-las-vegas-area-distressed-property- <p style="text-align: center;"><img title="Las Vegas Area Distressed Property" src="http://activerain.com/image_store/uploads/7/0/1/4/0/ar126053577504107.JPG" height="300" alt="Las Vegas Area Distressed Property" width="400" /></p> <p style="text-align: center;"><strong>Unsure About Your Options?</strong>&nbsp; (<em>Short Sale, Foreclosure, Deed in Lieu, BK, OH MY!)</em></p> <p style="text-align: left;">As a Realtor, <em>it is my job to list and sell homes</em>, <span style="text-decoration: underline;">it is not my job to counsel you about your options</span>.&nbsp; I will leave that job to attorneys.</p> <p style="text-align: left;">If you are unsure about your options, you may want to set some time aside, tomorrow, Saturday December 12, 2009 @ 2:05 PM&nbsp;and listen to an internet talk show called "<a href="http://www.alltalkradio.net/alt/show.php?folder=veteransinpolitics" target="_blank">Veterans in Politics</a>".&nbsp; The show is hosted by Steve Sanson and his guests will be Deborah Vick and Michael M Later, Esq. Real Estate Attorney.&nbsp; You are invited to call in at: &nbsp;(702) 309-6690 / 309-6127 with your thoughts and questions.</p> <p style="text-align: left;">If you don't have the time, I will switch out the above link with the archived link.</p> <p style="text-align: center;"><strong>You may also contact the Law Offices of Michael M Later, Esq:</strong></p> <p style="text-align: center;"><strong>2685 S. Rainbow Blvd., Suite 213<br />Las Vegas, NV 89146<br />(702) 685-4400</strong></p> <p style="text-align: left;">Disclaimer:&nbsp; This is not a paid endorsement for Michael M Later, Esq. Real Estate Attorney, but I do work with him and his office in regards to distressed homeowners who contact me.</p> <p style="text-align: left;">&nbsp;</p> <p>&nbsp;</p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Fri, 11 Dec 2009 07:04:37 -0600 http://activerain.com/blogsview/1379542/unsure-what-to-do-with-your-las-vegas-area-distressed-property- http://activerain.com/blogsview/1379043/welcome-home-to-gated-sw-las-vegas-communities-chapel-hill-condos <p style="text-align: center;"><strong><a href="http://www.reneeburrows.com/lasvegascommunities.html" title="Las Vegas Communities - Chapel Hill Condos" target="_blank"><img title="SW Las Vegas Communities - Chapel Hill Condos" src="http://activerain.com/image_store/uploads/9/8/6/7/8/ar126049023787689.jpg" height="300" alt="SW Las Vegas Communities - Chapel Hill Condos" width="650" /></a></strong></p> <p><strong>Welcome Home to GATED SW <a href="http://www.reneeburrows.com/lasvegascommunities.html" title="Las Vegas Communities" target="_blank">Las Vegas Communities</a>:  Chapel Hill Condominiums</strong></p> <ul> <li>Gated Community </li> <li>360 Condominium Homes </li> <li>Ranging from 679-1166 Square Feet </li> <li>Built in 2001 as Apartment Buildings</li> <li>Converted to Condominiums in 2006 </li> <li>Located Near the Cross Streets of Russell & Fort Apache</li> <li>Community Amenities Include:  Pool, Spa, Playground & Clubhouse  </li> </ul> <p>Close to the new Southern 215 Beltway ramp @ Russell which is good proximity to McCarran Airport, UNLV, South Las Vegas Strip Entertainment and Employment Centers. </p> <p>Also Close to:  Retail, Restaurants, Professional Offices, Medical Corridor, Local Gaming, Southern Hills Hospital</p><iframe src="http://maps.google.com/maps?f=q&amp;source=s_q&amp;hl=en&amp;geocode=&amp;q=9620+W+Russell+Rd&amp;sll=37.0625,-95.677068&amp;sspn=42.445866,92.900391&amp;ie=UTF8&amp;hq=&amp;hnear=9620+W+Russell+Rd,+Las+Vegas,+Clark,+Nevada+89148&amp;t=h&amp;ll=36.086113,-115.302769&amp;spn=0.003035,0.00456&amp;z=17&amp;iwloc=A&amp;output=embed" frameborder="0" height="350" scrolling="no" width="425"></iframe><br /><small><a href="http://maps.google.com/maps?f=q&amp;source=embed&amp;hl=en&amp;geocode=&amp;q=9620+W+Russell+Rd&amp;sll=37.0625,-95.677068&amp;sspn=42.445866,92.900391&amp;ie=UTF8&amp;hq=&amp;hnear=9620+W+Russell+Rd,+Las+Vegas,+Clark,+Nevada+89148&amp;t=h&amp;ll=36.086113,-115.302769&amp;spn=0.003035,0.00456&amp;z=17&amp;iwloc=A" style="color: #0000FF; text-align: left;">View Larger Map</a></small><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Thu, 10 Dec 2009 18:26:38 -0600 http://activerain.com/blogsview/1379043/welcome-home-to-gated-sw-las-vegas-communities-chapel-hill-condos http://activerain.com/blogsview/1377895/your-las-vegas-nv-area-home-search-what-does-contingent-offer-or-pending-offer-mean- <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" title="Search Las Vegas - Henderson Area Homes For Sale/Listings" target="_blank"><img title="Search Las Vegas - Henderson Area Homes For Sale" src="http://activerain.com/image_store/uploads/2/0/5/6/3/ar12604540936502.JPG" height="654" alt="Search Las Vegas - Henderson Area Homes For Sale" width="712" /></a></p> <p style="text-align: center;"><strong>Searching </strong><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" title="Search Las Vegas Listings - Homes For Sale" target="_blank"><strong>Las Vegas - Henderson - North Las Vegas&nbsp;Homes For Sale</strong></a><strong>:</strong></p> <p style="text-align: left;">When&nbsp;analyzing my keywords on my&nbsp;<a href="http://lasvegasrealestateforyou.activerain.com/" title="las vegas real estate blog" target="_blank">real estate&nbsp;blog</a> on how people found me in the last month, I found this query:</p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" title="Search Las Vegas Listings - Homes For Sale" target="_blank"><img title="GLVAR IDX Contingent Offer Definition" src="http://activerain.com/image_store/uploads/2/6/8/9/2/ar126045464129862.JPG" height="146" alt="GLVAR IDX Contingent Offer Definition" width="246" /></a></p> <p style="text-align: left;">It is actually a good question for home searchers that are taking a peek at <a href="http://reneeburrows.las.mlxchange.com/?Page=329230" title="Search Las Vegas - Henderson Area Homes For Sale/Listings" target="_blank">IDX sites</a>, Realtor(dot)com, <a href="http://www.marketingsplash2.com/Default.aspx?ID=USNXSOUBJDMFGJ&amp;lat=&amp;lon=&amp;s=&amp;t=" title="Search Las Vegas Listings - Homes For Sale" target="_blank">Home Buyer's Scouting Report</a>, etc to help aid in their search for <strong>AVAILABLE</strong>&nbsp;Las Vegas Area Homes!</p> <p style="text-align: left;"><strong>1)&nbsp; Active-Exclusive Right:</strong>&nbsp; Means the home is "available".&nbsp; Available is relative these days with the<a href="http://activerain.com/blogsview/1352967/las-vegas-nv-area-october-2009-pendings-report-pendings-drop-slightly-finally-" title="las vegas sellers market" target="_blank"> lack of inventory (homes for sale)</a>&nbsp;available in the MLS.&nbsp;</p> <p style="text-align: left;">Just because&nbsp;a home&nbsp;appears&nbsp;"available" doesn't necessarily mean it doesn't have offers on the property that the seller is considering.&nbsp; Some asset managers for REO (Foreclosed) properties may take a while to make decisions on offers.&nbsp; Some Short Sale List agents also incorrectly&nbsp;keep the property "active" when it has many offers on it while filling the short sale contingency.&nbsp; This is what I call "MLS pollution" or "Background Noise".</p> <p style="text-align: left;"><strong>2) Pending Offer:</strong>&nbsp; Pending Offer means the house is in contract and all of the contingencies have been fulfilled and it should (in theory) be set to close soon.</p> <p style="text-align: left;"><strong>3)&nbsp; Contingent Offer:</strong>&nbsp; Contingent offer means the house is in contract but it has contract&nbsp;contingencies that need to be met during the "due diligence phase".&nbsp; Due diligence is a set time frame where contingencies need to be met.</p> <p style="text-align: left;"><em>Here is a sample list of typical contingencies:</em></p> <ul> <li> <div style="text-align: left;">Financing</div> </li> <li> <div style="text-align: left;">Appraisal</div> </li> <li> <div style="text-align: left;">Inspection(s)</div> </li> <li> <div style="text-align: left;">Short Sale Approval</div> </li> <li> <div style="text-align: left;">Certificate of Resale Approval (by NV Law, you have 5 days to read your HOA bylaws, ccrs, financials, etc and agree to them after receipt!)</div> </li> <li> <div style="text-align: left;">Sale of a Home (this one is a little rare these days!!)</div> </li> </ul> <p style="text-align: left;">Best of luck with your<a href="http://reneeburrows.las.mlxchange.com/?Page=329230" title="las vegas area homes for sale" target="_blank"> Las Vegas Area home search</a>!</p> <p>&nbsp;</p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Thu, 10 Dec 2009 08:39:33 -0600 http://activerain.com/blogsview/1377895/your-las-vegas-nv-area-home-search-what-does-contingent-offer-or-pending-offer-mean- http://activerain.com/blogsview/1377831/siena-las-vegas-nv-real-estate-market-report-for-october-2009-homes-for-sale-under-contract-sold- <p style="text-align: center;"><a href="http://www.reneeburrows.com/lasvegascommunities.html" title="Las Vegas Sun Cities homes for sale" target="_blank"><img title="Sun City Homes - Las Vegas, Henderson, North Las Vegas" src="http://activerain.comhttp://activerain.com/image_store/uploads/8/0/6/6/2/ar124861757826608.jpg" height="300" alt="Sun City Homes - Las Vegas, Henderson, North Las Vegas" width="650" /></a></p> <p><strong>Age Restricted</strong> (55+) <strong>Communities</strong> are scattered throughout the valley.&nbsp; Many offer a variety community amenities for Seniors who enjoy active lifestyles.</p> <p><strong>Siena (Sun Colony,</strong> not a true "Sun City" but appropriate age restricted community for this report) is&nbsp;located in the Summerlin Area of <strong>Las Vegas</strong>, NV (zip 89135).&nbsp; There are 2029 Homes in Siena ranging from 1034-3875 Square Feet.&nbsp; Community Amenities Include:&nbsp; Guard Gated, Gommunity Golf, Pool, Tennis, Gym, Clubhouse.</p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/lasvegassuncities.html" title="Las Vegas Area Sun Cities Market Reports" target="_blank"><img title="Siena Sun Colony Summerlin Homes for Sale" src="http://activerain.com/image_store/uploads/3/1/6/6/8/ar126045206386613.jpg" height="290" alt="Siena Sun Colony Summerlin Homes for Sale" width="482" /></a></p> <p><a href="http://www.reneeburrows.com/lasvegassuncities.html" title="Siena Sun Colony Summerlin Homes For Sale" target="_blank"></a></p> <p>Siena Sun Colony Market Report:</p> <ul> <li>Listings (11/15/2009):&nbsp; 54</li> <li>Under Contract (11/15/2009):&nbsp; 22</li> <li>Sold October 2009:&nbsp; 10</li> <li>Absorption Rate:&nbsp;5.4 Months of Inventory</li> </ul> <p>Siena Sun Colony&nbsp;Summerlin is currently enjoying a seller's market.&nbsp; Since last month:&nbsp; Listings are UP +20, Pendings are DOWN -4, Units sold are DOWN -2</p> <p><img title="Senior Real Estate Specialist" src="http://activerain.comhttp://activerain.com/image_store/uploads/9/5/1/3/3/ar12486176933159.jpg" height="69" alt="Senior Real Estate Specialist" width="120" />Renee Burrows carries the SRES (Senior Real Estate Specialist) Designation and has Probate and Estate experience.&nbsp; If you need a referral to a Probate or Estate lawyer, please contact me!</p> <p>Seniors Real Estate Specialists&reg; are REALTORS&reg; qualified to address the needs of home buyers and sellers age 50+. The SRES&reg; Council awards the SRES&reg; Designation to those members who have successfully completed its education program.</p> <p>By earning the SRES&reg; designation, your REALTOR&reg; has demonstrated necessary knowledge and expertise to counsel clients age 50-plus through major financial and lifestyle transitions involved in relocating, refinancing, or selling the family home. Your REALTOR&reg; has received special training, gets regular updates, and is prepared to offer the options and information needed in making life changing decisions.</p> <p><strong><a href="http://lasvegasrealestateforyou.activerain.com/post/1302844/siena-las-vegas-nv-real-estate-market-report-for-september-2009-homes-for-sale-under-contract-sold-" title="Siena Sun Colony Summerlin Homes For Sale" target="_blank">For Last Month's Siena Sun Colony Market Report Click Here</a></strong></p> <p><a href="http://www.reneeburrows.com/lasvegassuncities" target="_blank">For Most Current Sun Cities Market Report Click Here</a></p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Thu, 10 Dec 2009 07:41:26 -0600 http://activerain.com/blogsview/1377831/siena-las-vegas-nv-real-estate-market-report-for-october-2009-homes-for-sale-under-contract-sold- http://activerain.com/blogsview/1377827/what-is-a-reverse-mortgage-part-3- <p> <p>Part 3 of Lewis' Series on Reverse Mortgages.&nbsp; If you would like to comment please click on the link and comment on the original article:</p> </p> <div id="reblogging_tag">Via <b><a href="http://activerain.com/blogsview/1352459/what-is-a-reverse-mortgage-part-3-">Lewis Corcoran - Offering Reverse Mortgages, and FHA, VA, and USDA Loans (Star Mortgage® - Serving Massachusetts and Florida)</a></b>:<br/><blockquote><p> <p><strong> <p><strong>What Is A Reverse Mortgage? (Part 3)<br /></strong><strong>A 12 Part Series</strong></p> <p><strong>Part 3 - Myths and Frequently Asked Questions of Reverse Mortgages </strong></p> There following are 8 common myths about <strong>reverse mortgages</strong>: </strong></p> </p> <ul> <li>A <strong>reverse mortgage</strong> sells the home to the bank<br /><br />False. With a <strong>reverse mortgage</strong>, the homeowners keep the home in their names. The lender adds a mortgage lien against the property for the amount that is borrowed so that the lender will eventually get paid back when the property is sold.&nbsp;<br /><br /></li> <li>Heirs will not inherit the home<br /><br />False. The estate inherits the home upon your death. There will be a lien on the title for the balance due of the <strong>reverse mortgage</strong>. The balance owed is whatever proceeds were distributed through the <strong>reverse mortgage</strong> plus interest.<br /><br />A <strong>reverse mortgage</strong> is a "non-recourse" loan which means the only asset guaranteeing the loan is the property itself. The repayment amount cannot exceed the value of the borrower's home at the time the loan is repaid. If the property value is less than the balance of the <strong>reverse mortgage</strong>, the lender can not request other assets from the estate for the balance owed. Instead, the lender makes an insurance claim to the FHA for the balance due.<br /><br />For example, let's assume someone takes out a <strong>reverse mortgage</strong> and owes $50,000 after 5 years. The homeowner then passes away, and the estate sells the house for $250,000. The lender gets $50,000 and the estate inherits $200,000.<br /><br /></li> <li>The homeowner could be forced out of the home<br /><br />False. Borrowers who take out a reverse mortgage will still own and continue to live in their own home. The FHA <strong>reverse mortgage</strong> was created to allow seniors to keep and live in their own homes for the remainder of their lives. Because the homeowner receives payments from a <strong>reverse mortgage</strong> instead of making payments to a lender, the homeowner can never be foreclosed on or evicted for non-payment.<br /><br /></li> <li>Someone can outlive a <strong>reverse mortgage<br /><br /></strong>False. The <strong>reverse mortgage</strong> becomes due when all homeowners have permanently moved out of the property or passed away. There is no time limit.<br /><br /></li> <li>Social Security and Medicare will be affected&nbsp;<br /><br />False. Because a <strong>reverse mortgage</strong> is not considered income, government entitlement programs such as Social Security and Medicare are not affected. However, need-based programs such as Medicaid can be affected.<br /><br />Payments from a <strong>reverse mortgage</strong> may be counted as income for purposes of Medicaid whether or not they are spent within the month they are received. This shouldn't be treated as income because a <strong>reverse mortgage</strong> simply withdraws equity from your home. But the state may view it differently because the funds come in a regular monthly check. To remain eligible for Medicaid, the homeowner needs to manage how much is withdrawn from the <strong>reverse mortgage</strong> each month to ensure they do not exceed the Medicaid limits.<br /><br />You should consult with an elder lawyer in your state if you have any concern about how a reverse mortgage will affect your eligibility for federal benefits.<br /><br /></li> <li>The homeowner pays taxes on a <strong>reverse mortgage<br /><br /></strong>False. The proceeds from a <strong>reverse mortgage</strong> are paid from the equity in your home. It is not considered income and, therefore, is not taxable. Furthermore, the interest on <strong>reverse mortgage</strong> is tax deductible when it is repaid.<br /><br /></li> <li>There are large out-of-pocket expenses<br /><br />False. Typically, the only out-of-pocket expenses are the cost of the counseling and the appraisal. If requested, many lenders will allow you to finance these costs into the loan, but you will still be required to pay them upfront.<br /><br /></li> <li>A <strong>reverse mortgage</strong> is similar to a home equity loan<br /><br />False. The only similarity between a <strong>reverse mortgage</strong> and a home equity loan is that both use the home's equity as collateral. The differences are as follows:<br /><br /> <ul> <li>Any homeowner can apply for a home equity loan. All homeowners on title must be at least 62 years of age to apply for a <strong>reverse mortgage</strong>.</li> <li>A home equity loan must be repaid in monthly payments over a period of time. A <strong>reverse mortgage</strong> is not paid back until the homeowner moves out of the property or passes away</li> <li>A home equity loan requires stable income and a solid credit score. A <strong>reverse mortgage</strong> does not consider income or credit.</li> <li>A home equity loan charges no closing costs but has a higher interest rate over the life of the loan. A <strong>reverse mortgage</strong> charges upfront closing costs but has lower interest over the course of the loan.</li> </ul> </li> </ul> <p>&nbsp;<br />Frequently Asked Questions about <strong>Reverse Mortgages</strong>:&nbsp;</p> <ul> <li>Q. If a homeowner is not 62, but they are on permanent disability. Can they qualify?<br /><br />A. No. The FHA only looks at the person's age to determine eligibility for a <strong>reverse mortgage</strong>. There are no exceptions for disability or Social Security status.<br /><br /></li> <li>Q. Can someone qualify if they have a mortgage?<br /><br />A. Yes. More than half of people who take out a <strong>reverse mortgage</strong> use it to pay off their existing mortgage so they can stop making monthly payments.<br /><br /></li> <li>Q. Do all 62-year olds who own their home qualify?<br /><br />A. No. About one-third of homeowners who want to get a <strong>reverse mortgage</strong> are not eligible because they don't have enough equity built up in their home. The younger the homeowner is, the more equity they need to have to qualify.<br /><br /></li> <li>Q. Can I apply if I didn't buy my present house with FHA mortgage insurance?<br /><br />A. Yes. It doesn't matter what type of mortgage you currently have. It will be paid off with the refinance. Your new mortgage will be an FHA-insured Home Equity Conversion Mortgage (HECM) - also known as a <strong>reverse mortgage</strong>.<br /><br /></li> <li>Q. What happens if there isn't enough home equity to qualify?<br /><br />A. This is called a "shortfall." This means that the <strong>reverse mortgage</strong> would not provide enough money to pay off the existing mortgage on the home - it is coming up "short." In this situation, some homeowners chose to make up the difference by paying down the balance on their mortgage by the amount of the shortfall so that they can qualify for the <strong>reverse mortgage</strong>. However, most people who want a <strong>reverse mortgage</strong> and have a shortfall don't have enough money to do this.<br /><br /></li> <li>Q. Can the lender take my home away if I outlive the loan?<br /><br />A. No. You do not need to repay the loan as long as you and/or any of the borrowers continue to live in the house and keep the taxes and insurance current. You can never owe more than the value of your home at the time you or your heirs sell the home.<strong>&nbsp;</strong></li> </ul> <p><strong><br />Next: Part 4 - Pros and Cons of a Reverse Mortgage<br /></strong><strong>&nbsp;</strong></p> <p> <p><a href="http://activerain.com/blogsview/1349270/what-is-a-reverse-mortgage-part-1-"><strong>Part 1 - Definition of a Reverse Mortgage</strong></a><strong> <br /></strong><a href="http://activerain.com/blogsview/1350354/what-is-a-reverse-mortgage-part-2-"><strong>Part 2 - Reverse Mortgage Eligibility Requirements</strong></a></p> </p> <p><br />If you're 62 or older and are looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, to pay for healthcare expenses, or even to buy your retirement home, then consider getting a <a href="http://www.lewcorcoran.com/freeReports/About%20Reverse%20Mortgages/">reverse mortgage</a>. Find out how a <a href="http://www.lewcorcoran.com/loanOptions/Featured/Reverse%20Mortgages/">reverse mortgage</a> can use the equity in your home to pay you.</p><div class="agent_signature"><hr style="text-align: center;" /> <table cellspacing="0" bordercolor="#111111" border="0" id="AutoNumber6" cellpadding="0" width="587" style="text-align: center; width: 100%; border-collapse: collapse;"> <tbody> <tr> <td width="20%">&nbsp;</td> <td width="80%">&nbsp;</td> </tr> <tr> <td width="35%"> <table cellspacing="0" bordercolor="#111111" border="0" id="AutoNumber7" cellpadding="0" width="100%" style="border-collapse: collapse;"> <tbody> <tr> <td width="100%"> <p style="text-align: center;"><a href="http://www.LewCorcoran.com" title="See Lew Corcoran at Northeast Community Mortgage" target="_blank"><img title="Visit Lew Corcoran, Sr. Mortgage Consultant at Star Mortgage" src="http://activerain.com/image_store/uploads/1/7/1/7/6/ar12584554667171.jpg" height="67" alt="Star Mortgage" width="179" style="margin: 0px;" /></a></p> </td> </tr> </tbody> </table> <a href="http://twitter.com/lewcorcoran" title="See Lew Corcoran on Twitter" target="_blank"><img title="Follow Lew Corcoran on Twitter" src="http://activerain.com/image_store/uploads/4/9/4/9/7/ar125675281379494.gif" height="16" alt="Twitter" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.facebook.com/people/Lew-Corcoran/1609263430" title="See Lew Corcoran on Facebook" target="_blank"><img title="Follow Lew Corcoran on Facebook" src="http://activerain.com/image_store/uploads/2/5/4/3/5/ar125675283653452.gif" height="16" alt="Facebook" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.linkedin.com/pub/lew-corcoran/a/367/2b8" title="See Lew Corcoran on LinkedIn" target="_blank"><img title="Follow Lew Corcoran on LinkedIn" src="http://activerain.com/image_store/uploads/5/3/0/6/5/ar125675285556035.gif" height="16" alt="LinkedIn" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.trulia.com/profile/lewcorcoran/" title="See Lew Corcoran on Trulia" target="_blank"><img title="See Lew Corcoran on Trulia" src="http://activerain.com/image_store/uploads/7/2/0/6/0/ar125744005906027.jpg" height="16" alt="Trulia" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogs/lewcorcoran/rss" title="RSS Feed for Lew Corcoran's ActiveRain blog" target="_blank"><img title="RSS Feed for Lew Corcoran's ActiveRain blog" src="http://activerain.com/image_store/uploads/7/0/9/7/7/ar125675289677907.gif" height="16" alt="rss" width="16" style="margin: 2px;" /></a></td> <td width="65%"> <p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: verdana,geneva;"><span style="font-size: xx-small;"><span><strong>Lew Corcoran, Sr. Mortgage Consultant</strong><br /><strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/Reverse%20Mortgages/" title="Reverse Mortgages" target="_blank">Reverse Mortgages</a></strong> / <strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/FHA%20Mortgage%20Loans/" title="FHA Mortgage Loans" target="_blank">FHA Loans</a></strong> / <strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/VA%20Mortgage%20Loans/" title="VA Mortgage Loans" target="_blank">VA Loans</a></strong><br /><strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/USDA%20Rural%20Development%20Loans/" title="USDA Rural Development Loans" target="_blank">USDA Rural Development Loans</a></strong><br /><strong>in Massachusetts and Florida<br /></strong><a href="http://www.lewcorcoran.com/loanOptions/Custom Pages/Coupon/" title="Get $250 off closing costs when you apply for a mortgage online." target="_blank"><strong>Save on&nbsp;closing costs when you apply for a mortgage online</strong></a><br /></span><span><a href="http://activerain.com/blogs/lewcorcoran/" title="Lew Corcoran's ActiveRain Blog" target="_blank"><strong>ActiveRain Blog</strong></a></span><span><span>&nbsp;/ </span></span></span></span><span><a href="http://localism.com/neighbor/lewcorcoran" title="Lew Corcoran on Localism" target="_blank"><strong><span style="font-family: verdana,geneva; font-size: xx-small;">Localism</span></strong></a><span style="font-family: verdana,geneva; font-size: xx-small;">&nbsp;/ </span><a href="http://newenglandproperties.net/" title="New England Properties" target="_blank"><strong><span style="font-family: verdana,geneva; font-size: xx-small;">New England Properties</span></strong></a><br /><strong><a href="http://lewiscorcoran.com/" title="The Mortgage Market Watch and Interest Rate Lock Advisory" target="_blank"><span style="font-family: verdana,geneva; font-size: xx-small;">The Mortgage Market Watch and Interest Rate Lock Advisory</span></a></strong></span></p> </td> </tr> <tr> <td width="35%">&nbsp;</td> <td width="65%">&nbsp;</td> </tr> </tbody> </table> <hr style="text-align: center;" /></div></blockquote></div><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; 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Windmill (Las Vegas Gated Community)" src="http://activerain.com/image_store/uploads/9/3/3/1/7/ar12603633471339.jpg" height="300" alt="Lamplight Cottages at Buffalo &amp; Windmill (Las Vegas Gated Community)" width="650" /></a></strong></p> <p><strong>Welcome Home to GATED SW <a href="http://www.reneeburrows.com/lasvegascommunities.html" title="Las Vegas Communities" target="_blank">Las Vegas Communities</a>:  Lamplight Cottages at Buffalo & Windmill</strong></p> <ul> <li>Gated Community </li> <li>103 Single Family, Detached Homes </li> <li>Ranging from 1274-1650 Square Feet </li> <li>Built From 2007-2008 by Lennar </li> <li>Located Near the Cross Streets of Buffalo & Windmill</li> <li>Community Amenities Include:  Pool, Spa, Playground & Clubhouse  </li> </ul> <p>Close to the new Southern 215 Beltway ramp @ Buffalo which is good proximity to McCarran Airport, UNLV, South Las Vegas Strip Entertainment and Employment Centers. </p> <p>Also Close to:  Arroyo Crossing Shopping Mall, St Rose San Martin Campus, Many Grocery Stores, Professional Offices and additional Retail.</p><iframe src="http://maps.google.com/maps?hl=en&amp;ie=UTF8&amp;t=h&amp;ll=36.040068,-115.25782&amp;spn=0.001518,0.00228&amp;z=18&amp;output=embed" frameborder="0" height="350" scrolling="no" width="425"></iframe><br /><small><a href="http://maps.google.com/maps?hl=en&amp;ie=UTF8&amp;t=h&amp;ll=36.040068,-115.25782&amp;spn=0.001518,0.00228&amp;z=18&amp;source=embed" style="color: #0000FF; 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padding-bottom: 10px ; padding-top: 20px; padding-bottom: 20px;"><div><a href="http://www.vflyer.com/links/links?linkType=4b08c0e67a733648395b6df500b57c4887f510cf93037cee74e86aa052fffabab8b5ae77f6b9bdddf0b56c09a15d832e679af893b26712984e7a8b9ffef0c8ffd6bfad1368e638ec742e08fee5be8810a60b78c2f1cea5296c60c3b348d12f80&amp;id=111" target="_blank" style=""></a><img src="http://stats.vflyer.com/stats/stats?linkType=1b7fc1dff4f89679047d9ae6c6940e775edab68d97155da8cabc0a9b08a0b0943e9dd480af3351d289e6281015c376c3890140f763c191d76ab29958f616c29c" style=""></img></div><div style="width: 716px ; text-align: left ; margin: 0 auto ; border: 1px solid #cccccc ; border-width: 3px ; background-color: #ffffff ; padding: 1px ;"><div style="padding: 0px 0px 0px 0px ;"><div style="padding: 0px 0px 0px 0px ;"><div style=""><div></div></div><div id="header" style=""></div><div style=""><div style="width: 714px ; border-bottom: 1px solid #cccccc ;"><div style="font-family: Georgia ; font-size: 23px ; color: #111111 ; padding: 5px 10px 5px 10px ; margin: 0px 0px 0px 0px ;"><div style="font-family: Georgia ; font-size: 23px ; color: #111111 ;"><span>Opportunity Knocks Near Nellis!</span></div></div><div style="font-family: Verdana ; font-size: 11px ; color: #555242 ; margin-bottom: 10px ; float: left ; padding-left: 2px ; padding: 10px 10px 0px 10px ;"><div style="float: left ; padding-right: 10px ;"><img src="http://cdn.vflyer.com/r1/prodinsts/2/9/7/7/3/7/9/images/7140455_main.jpg" border="0" alt="Main Photo" style="margin: 3px ; padding: 3px ; border: 1px solid #555242 ; background-color: #ffffff ;"></img></div><strong>Location: </strong><span>White Cliffs</span><div style="margin-top: 10px ;"><div><strong>Features</strong></div><div style=""><span style="font-weight: bold ;">Bedrooms: </span><span>4</span></div><div style=""><span style="font-weight: bold ;">Bathrooms: </span><span>2.5</span></div><div style=""><span style="font-weight: bold ;">Year Built: </span><span>1995</span></div><div style=""><span style="font-weight: bold ;">Subdivision: </span><span>White Cliffs</span></div><div style=""><span style="font-weight: bold ;">Lot Size: </span><span>4948</span></div><div style=""><span style="font-weight: bold ;">Garage Size: </span><span>2</span></div><div style=""><span style="font-weight: bold ;">School District: </span><span>CCSD</span></div><div style=""><span style="font-weight: bold ;">Square Footage: </span><span>1637</span></div><div style=""><span style="font-weight: bold ;">Agent Name: </span><span>Renee Burrows </span></div><div style=""><span style="font-weight: bold ;">Broker: </span><span>Encore Realty Group</span></div><div style=""><span style="font-weight: bold ;">MLS #: </span><span>998131</span></div></div><div style="clear: both ;"></div></div><div style="clear: both ;"></div></div><div style="margin: 10px 10px 0px 15px ; border: 1px solid #ffffff ;"><div style="width: 185px ; float: left ;"><div style=""><div style="font-family: Arial ; font-size: 13px ; color: #555555 ; font-weight: bold ; padding: 3px 0px 3px 0px ; border-bottom: 1px dashed #777777 ;"><span>Information</span></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style="font-weight: bold ; padding: 5px 0px 2px 0px ;"><span>Contact Information</span></div><div style=""><div><span>Renee Burrows</span></div><div><span>702-966-2494</span></div><div><a href="http://www.vflyer.com/links/links?linkType=c66e7fa52b4bf769c385df13ddc1763effb10bb1196239cfe7543e4c29fd043b60494b46a08b045ef6e2df2e316ac27c1ec5a80124fc76640ba4958b236690c614ce608f40aec7c2499dc8aed25d6541ccec65f5376df4d25c6a090f8f35b654" style="">Contact Reply Form</a></div><div><a href="http://www.vflyer.com/links/links?linkType=bd583d2730f2ce4c9f3768b7c79f1aa8a8d755ab358cf45b0b1bd740699321c125fcdef8d6c2562ae622acca59394adfbc699437d5de93b12ef4ab6d681afa4f8997ac8b84875e25ebcbba1e99d98cbacdf2887b6fe54fb9124d2f982e9b3b00" style="">Forward to a Friend</a></div><div><a href="http://reneeburrows.vflyer.com/home/Listing.jsp?acctId=570028" style="">View Other Flyers</a></div></div></div><div style=""></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style="font-weight: bold ; padding: 5px 0px 2px 0px ;"><span>Pricing</span></div><div style=""><div style=""><span style="font-weight: bold ;">Price: </span><span>$90,000</span></div><div style=""><span style="font-weight: bold ;">Additional Pricing Information: </span><span>Short Sale: Price, Terms and Conditions are subject to third party approval</span></div></div></div></div><div style=""><div style="font-family: Arial ; font-size: 13px ; color: #555555 ; font-weight: bold ; padding: 3px 0px 3px 0px ; border-bottom: 1px dashed #777777 ;"><span>Links</span></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style=""><div style="clear: both ;"></div></div><div style="float: left ; padding-left: 10px ; width: 140px ;"><span><a href="http://www.realestateshows.com/455494" style="">VIRTUAL TOUR</a></span></div><div style="clear: both ;"></div></div></div></div><div style="float: left ;"></div><div style="width: 485px ; float: right ;"><div style=""><div style="font-family: Arial ; font-size: 13px ; color: #555555 ; font-weight: bold ; padding: 3px 0px 3px 0px ; border-bottom: 1px dashed #777777 ;"><span>Attributes</span></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style="font-weight: bold ; padding: 5px 0px 2px 0px ;"><span>Appliances</span></div><div style=""><div style="float: left ; padding-left: 10px ; width: 140px ;"><span>Range/Oven</span></div><div style="float: left ; padding-left: 10px ; width: 140px ;"><span>Full Refrigerator</span></div><div style="float: left ; padding-left: 10px ; width: 140px ;"><span>Washer/Dryer</span></div><div style="float: left ; padding-left: 10px ; width: 140px ;"><span>Dishwasher</span></div><div style="float: left ; padding-left: 10px ; width: 140px ;"><span>Sink Disposal</span></div><div style="clear: both ;"></div></div></div><div style=""></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style="font-weight: bold ; padding: 5px 0px 2px 0px ;"><span>Exterior Amenities</span></div><div style=""><div style="float: left ; padding-left: 10px ; width: 140px ;"><span>Fenced Yard</span></div><div style="float: left ; padding-left: 10px ; width: 140px ;"><span>Tool Shed</span></div><div style="clear: both ;"></div></div></div></div></div></div><div style="clear: both ;"></div></div><div style="clear: both ;"></div><div style=""><div></div></div></div></div><div style="height: 25px ;"><div style=""><div style="font-family: Verdana ; font-size: 10px ; color: #455660 ; line-height: 18px ; margin: 5px ; margin-top: 0px ; text-align: left ; border-top: 1px dashed #000000 ;"><div style="float: left ; padding-left: 5px ;"><a href="http://www.vflyer.com/main/index.jsp" target="blank" style="">Powered by vFlyer.com</a></div><div style=""><a href="http://www.vflyer.com/help/eho" target="blank" style=""> EQUAL HOUSING OPPORTUNITY</a></div><div style="float: right ; padding-right: 5px ;"><span style="">VFLYER ID: </span><span style=""><a href="http://reneeburrows.vflyer.com/home/flyer/home/2977379" target="blank" style="">2977379</a></span></div></div></div></div></div><div style="font-size: 10px ; color: #333333 ; font-family: verdana ; padding: 5px 0px 10px 0px ;"></div></div><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Tue, 08 Dec 2009 17:19:19 -0600 http://activerain.com/blogsview/1375251/e-las-vegas-nv-house-for-sale-no-hoa- http://activerain.com/blogsview/1374828/the-lakes-las-vegas-nv-october-2009-real-estate-market-report-homes-for-sale-pending-sold <p style="text-align: center;"><strong><a href="http://www.reneeburrows.com/lasvegascommunities.html" title="The Lakes Las Vegas Homes For Sale" target="_blank"><img title="The Lakes Homes For Sale" src="http://activerain.com/image_store/uploads/7/6/0/9/3/ar126030045039067.jpg" height="290" alt="The Lakes Homes For Sale" width="482" /></a></strong></p> <p><strong>The Lakes</strong>&nbsp;October 2009&nbsp;<strong>Real Estate</strong> Resale&nbsp;Market Report:</p> <ul> <li>Listings (11/15/2009):&nbsp;&nbsp;42</li> <li>Under Contract (11/15/2009):&nbsp;&nbsp;72 </li> <li>Sold&nbsp;October 2009:&nbsp;&nbsp;16 </li> <li>Month's Inventory:&nbsp;&nbsp;2.6 </li> </ul> <p>Since Last Month's Report:&nbsp; Listings DOWN -7, Pendings UP +9, Sold units&nbsp;DOWN -10</p> <p><a href="http://activerain.com/blogsview/1256099/why-las-vegas-pendings-aren-t-closing" title="Las Vegas Pending Homes" target="_blank">Why Las Vegas Pendings Aren't Selling</a></p> <p><a href="http://lasvegasrealestateforyou.activerain.com/post/1309725/the-lakes-las-vegas-nv-september-2009-real-estate-market-report-homes-for-sale-pending-sold" target="_blank">View Last Month's The Lakes Market Report Right Here!</a></p> <p><a href="http://www.reneeburrows.com/lasvegascommunities.html" target="_blank">For More <strong>Las Vegas Communities</strong> and Reports Click Here</a></p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Tue, 08 Dec 2009 13:29:36 -0600 http://activerain.com/blogsview/1374828/the-lakes-las-vegas-nv-october-2009-real-estate-market-report-homes-for-sale-pending-sold http://activerain.com/blogsview/1372210/arlington-ranch-las-vegas-nv-october-2009-real-estate-market-report-homes-for-sale-pending-sold- <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/local/Nevada/Las%20Vegas/Arlington%20Ranch" title="Arlington Ranch Real Estate" target="_blank"><img title="Arlington Ranch Homes For Sale" src="http://activerain.comhttp://activerain.com/image_store/uploads/4/8/7/3/9/ar125621623293784.jpg" height="300" alt="Arlington Ranch Homes For Sale" width="649" /></a></p> <p style="text-align: center;"><img title="Arlington Ranch Homes For Sale" src="http://activerain.com/image_store/uploads/5/2/9/9/5/ar126019451459925.jpg" height="290" alt="Arlington Ranch Homes For Sale" width="482" /></p> <p><strong><a href="http://lasvegasrealestateforyou.activerain.com/local/Nevada/Las%20Vegas/Arlington%20Ranch" title="Arlington Ranch Real Estate" target="_blank"></a></strong></p> <p><strong><a href="http://lasvegasrealestateforyou.activerain.com/post/1166911/welcome-home-to-sw-las-vegas-communities-arlington-ranch-" title="Arlington Ranch Homes For Sale" target="_blank">Arlington Ranch&nbsp;October 2009&nbsp;Real Estate Resale&nbsp;Market Report</a></strong></p> <ul> <li>Listings (11/15/2009):&nbsp;&nbsp;14 </li> <li>Under Contract (11/15/2009):&nbsp;&nbsp;67 </li> <li>Sold&nbsp;October 2009:&nbsp;&nbsp;8 </li> <li>Month's Inventory:&nbsp;&nbsp;2.3 </li> </ul> <p>Arlington Ranch changes since last month:&nbsp; Listings DOWN -1, Pendings UP +10, Sold DOWN -8</p> <p><a href="http://lasvegasrealestateforyou.activerain.com/post/1297555/arlington-ranch-las-vegas-nv-september-2009-real-estate-market-report-homes-for-sale-pending-sold-" target="_blank">Click Here for Last Month's Report</a></p> <p><a href="http://www.reneeburrows.com/lasvegascommunities.html" target="_blank">For More <strong>Las Vegas Communities</strong> and Reports Click Here</a></p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Mon, 07 Dec 2009 08:03:16 -0600 http://activerain.com/blogsview/1372210/arlington-ranch-las-vegas-nv-october-2009-real-estate-market-report-homes-for-sale-pending-sold- http://activerain.com/blogsview/1372200/what-is-a-reverse-mortgage-part-2- <p> <p>Part 2 in Lew's Series on Reverse Mortgages!</p> <p>Please Click on Lew's link if you would like to comment:</p> </p> <div id="reblogging_tag">Via <b><a href="http://activerain.com/blogsview/1350354/what-is-a-reverse-mortgage-part-2-">Lewis Corcoran - Offering Reverse Mortgages, and FHA, VA, and USDA Loans (Star Mortgage® - Serving Massachusetts and Florida)</a></b>:<br/><blockquote><p><strong>What Is A Reverse Mortgage? (Part 2)<br /></strong><strong>A 12 Part Series</strong></p> <p><strong>Part 2 - Reverse Mortgage Eligibility Requirements</strong></p> <p>To be eligible for a <strong>reverse mortgage</strong>, you must:</p> <ul type="disc"> <li>be a homeowner 62 years of age or older. The youngest homeowner must also be 62 years old or older;</li> <li>own your home outright, or have a low mortgage balance that is no more than approximately 60% of the home's value and that can be paid off at closing with proceeds from the <strong>reverse mortgage</strong>; </li> <li>you must live in the home; and</li> <li>the home must be your primary residence.</li> </ul> <p>You must also receive consumer information from an approved Home Equity Conversion Mortgage (HECM) counselor prior to applying for and obtaining a <strong>reverse mortgage</strong>. You can contact the Housing Counseling Clearinghouse toll-free at (800) 569-4287 for the name and telephone number of a HUD-approved counseling agency and a list of FHA-approved lenders near where you live.</p> <p>Types of Homes Eligible for a <strong>Reverse Mortgage</strong></p> <p>Almost all home types are eligible. That includes single family homes, condominiums, 2-, 3- and 4-Unit homes where you live in one of the units, and mobile homes. In order for a mobile home to be eligible, it can not have been built before 1976, it must be on a permanent foundation, the land must be owned, and the home must pass an FHA inspection.</p> <p>Determining Whether or Not There is Sufficient Equity in the Home</p> <p>In determining whether or not there is sufficient equity in the home for a reverse mortgage, FHA takes into account the following in its calculation:</p> <ul type="disc"> <li>Current interest rate</li> <li>Whether the interest rate will be fixed or adjustable</li> <li>Age of the youngest homeowner</li> <li>Location of the property</li> </ul> <p>The following factors are not taken into consideration when determining your eligibility for a <strong>reverse mortgage</strong>:</p> <ul type="disc"> <li>Income</li> <li>Credit history</li> <li>Discharged bankruptcy</li> <li>Health of the homeowners</li> </ul> <p>You can use the <a href="http://rmc.ibisreverse.com/rmc_pages/rmc_aarp/aarp_index.aspx">online <strong>reverse mortgage</strong> calculator</a> at AARP (<a href="http://rmc.ibisreverse.com/rmc_pages/rmc_aarp/aarp_index.aspx">http://rmc.ibisreverse.com//rmc_pages/rmc_aarp/aarp_index.aspx</a>) to find out if you have sufficient equity in your home for a <strong>reverse mortgage</strong>, and to find what the maximum loan principal limit would be for your situation.</p> <p><strong></strong></p> <p><strong>Next: Part 3 - Myths and Frequently Asked Questions of Reverse Mortgages&nbsp;</strong><strong>&nbsp;&nbsp;</strong></p> <p><strong><a href="http://activerain.com/blogsview/1349270/what-is-a-reverse-mortgage-part-1-">Part 1 - Definition of a Reverse Mortgage</a> <br /></strong></p> <p>&nbsp;</p> <p>If you're 62 or older and are looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, to pay for healthcare expenses, or even to buy your retirement home, then consider getting a <a href="http://www.lewcorcoran.com/freeReports/About%20Reverse%20Mortgages/">reverse mortgage</a>. Find out how a <a href="http://www.lewcorcoran.com/loanOptions/Featured/Reverse%20Mortgages/">reverse mortgage</a> can use the equity in your home to pay you.</p> <p>&nbsp;</p><div class="agent_signature"><hr style="text-align: center;" /> <table cellspacing="0" bordercolor="#111111" border="0" id="AutoNumber6" cellpadding="0" width="587" style="text-align: center; width: 100%; border-collapse: collapse;"> <tbody> <tr> <td width="20%">&nbsp;</td> <td width="80%">&nbsp;</td> </tr> <tr> <td width="35%"> <table cellspacing="0" bordercolor="#111111" border="0" id="AutoNumber7" cellpadding="0" width="100%" style="border-collapse: collapse;"> <tbody> <tr> <td width="100%"> <p style="text-align: center;"><a href="http://www.LewCorcoran.com" title="See Lew Corcoran at Northeast Community Mortgage" target="_blank"><img title="Visit Lew Corcoran, Sr. Mortgage Consultant at Star Mortgage" src="http://activerain.com/image_store/uploads/1/7/1/7/6/ar12584554667171.jpg" height="67" alt="Star Mortgage" width="179" style="margin: 0px;" /></a></p> </td> </tr> </tbody> </table> <a href="http://twitter.com/lewcorcoran" title="See Lew Corcoran on Twitter" target="_blank"><img title="Follow Lew Corcoran on Twitter" src="http://activerain.com/image_store/uploads/4/9/4/9/7/ar125675281379494.gif" height="16" alt="Twitter" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.facebook.com/people/Lew-Corcoran/1609263430" title="See Lew Corcoran on Facebook" target="_blank"><img title="Follow Lew Corcoran on Facebook" src="http://activerain.com/image_store/uploads/2/5/4/3/5/ar125675283653452.gif" height="16" alt="Facebook" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.linkedin.com/pub/lew-corcoran/a/367/2b8" title="See Lew Corcoran on LinkedIn" target="_blank"><img title="Follow Lew Corcoran on LinkedIn" src="http://activerain.com/image_store/uploads/5/3/0/6/5/ar125675285556035.gif" height="16" alt="LinkedIn" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.trulia.com/profile/lewcorcoran/" title="See Lew Corcoran on Trulia" target="_blank"><img title="See Lew Corcoran on Trulia" src="http://activerain.com/image_store/uploads/7/2/0/6/0/ar125744005906027.jpg" height="16" alt="Trulia" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogs/lewcorcoran/rss" title="RSS Feed for Lew Corcoran's ActiveRain blog" target="_blank"><img title="RSS Feed for Lew Corcoran's ActiveRain blog" src="http://activerain.com/image_store/uploads/7/0/9/7/7/ar125675289677907.gif" height="16" alt="rss" width="16" style="margin: 2px;" /></a></td> <td width="65%"> <p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: verdana,geneva;"><span style="font-size: xx-small;"><span><strong>Lew Corcoran, Sr. Mortgage Consultant</strong><br /><strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/Reverse%20Mortgages/" title="Reverse Mortgages" target="_blank">Reverse Mortgages</a></strong> / <strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/FHA%20Mortgage%20Loans/" title="FHA Mortgage Loans" target="_blank">FHA Loans</a></strong> / <strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/VA%20Mortgage%20Loans/" title="VA Mortgage Loans" target="_blank">VA Loans</a></strong><br /><strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/USDA%20Rural%20Development%20Loans/" title="USDA Rural Development Loans" target="_blank">USDA Rural Development Loans</a></strong><br /><strong>in Massachusetts and Florida<br /></strong><a href="http://www.lewcorcoran.com/loanOptions/Custom Pages/Coupon/" title="Get $250 off closing costs when you apply for a mortgage online." target="_blank"><strong>Save on&nbsp;closing costs when you apply for a mortgage online</strong></a><br /></span><span><a href="http://activerain.com/blogs/lewcorcoran/" title="Lew Corcoran's ActiveRain Blog" target="_blank"><strong>ActiveRain Blog</strong></a></span><span><span>&nbsp;/ </span></span></span></span><span><a href="http://localism.com/neighbor/lewcorcoran" title="Lew Corcoran on Localism" target="_blank"><strong><span style="font-family: verdana,geneva; font-size: xx-small;">Localism</span></strong></a><span style="font-family: verdana,geneva; font-size: xx-small;">&nbsp;/ </span><a href="http://newenglandproperties.net/" title="New England Properties" target="_blank"><strong><span style="font-family: verdana,geneva; font-size: xx-small;">New England Properties</span></strong></a><br /><strong><a href="http://lewiscorcoran.com/" title="The Mortgage Market Watch and Interest Rate Lock Advisory" target="_blank"><span style="font-family: verdana,geneva; font-size: xx-small;">The Mortgage Market Watch and Interest Rate Lock Advisory</span></a></strong></span></p> </td> </tr> <tr> <td width="35%">&nbsp;</td> <td width="65%">&nbsp;</td> </tr> </tbody> </table> <hr style="text-align: center;" /></div></blockquote></div><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; 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padding-bottom: 10px ; padding-top: 20px; padding-bottom: 20px;"><div><a href="http://www.vflyer.com/links/links?linkType=98dc44ae0adb89d8717966275adf25bed14833f77289254da28ceac3387661e370f9c789e68b5b06cc68ff65d9c99e3a182068425bc1ad161c1dcad862f440de214f527e2b52858e1ad96500ffe125870d80cbcdf56f12791966aa5e4494402b&amp;id=111" target="_blank" style=""></a><img src="http://stats.vflyer.com/stats/stats?linkType=2fb277d01b0ec76d360465a449c4dd115969463658984665a02d2296076b4086bf81e5a2a3ee2f4fb9430a8e4d3aca56cc19264c01d4064fc368266412558beb" style=""></img></div><div style="width: 716px ; text-align: left ; margin: 0 auto ; border: 1px solid #cccccc ; border-width: 3px ; background-color: #ffffff ; padding: 1px ;"><div style="padding: 0px 0px 0px 0px ;"><div style="padding: 0px 0px 0px 0px ;"><div style=""><div></div></div><div id="header" style=""></div><div style=""><div style="width: 714px ; border-bottom: 1px solid #cccccc ;"><div style="font-family: Georgia ; font-size: 23px ; color: #111111 ; padding: 5px 10px 5px 10px ; margin: 0px 0px 0px 0px ;"><div style="font-family: Georgia ; font-size: 23px ; color: #111111 ;"><span>Not Your Typical REO Open House!</span></div></div><div style="font-family: Verdana ; font-size: 11px ; color: #555242 ; margin-bottom: 10px ; float: left ; padding-left: 2px ; padding: 10px 10px 0px 10px ;"><div style="float: left ; padding-right: 10px ;"><img src="http://cdn.vflyer.com/r1/prodinsts/2/9/7/0/2/2/4/images/7119315_main.jpg" border="0" alt="Main Photo" style="margin: 3px ; padding: 3px ; border: 1px solid #555242 ; background-color: #ffffff ;"></img></div><strong>Location: </strong><span>Concordia at Mountain's Edge</span><div style="font-family: Georgia ; font-size: 11px ; color: #2f383f ; line-height: 17px ;"><span style=""><span>Incredible REO Open Monday Dec 7 9:30-11:00. Free Coffee! Large executive style home has extensive upgrades + pool, spa, casita, travertine floors, dual staircases, spacious loft, courtyard, bbq area and walkout balcony! Priced at a low low $88/square foot</span><br /><span></span><br /><span>This is a gated subdivision and one of us will be outside of it to let you in!</span><br /><span></span><br /><span>Hosted by: Renee Burrows w/ Encore Realty Group & Jeff Howard w/ Keller Williams</span><br /><span></span></span></div><div style="clear: both ;"></div></div><div style="clear: both ;"></div></div><div style="margin: 10px 10px 0px 15px ; border: 1px solid #ffffff ;"><div style="width: 185px ; float: left ;"><div style=""><div style="font-family: Arial ; font-size: 13px ; color: #555555 ; font-weight: bold ; padding: 3px 0px 3px 0px ; border-bottom: 1px dashed #777777 ;"><span>Information</span></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style="font-weight: bold ; padding: 5px 0px 2px 0px ;"><span>Contact Information</span></div><div style=""><div><span>Renee Burrows</span></div><div><span>702-966-2494</span></div><div><a href="http://www.vflyer.com/links/links?linkType=eb95f13736ed67a5906d0316cb5f481285aff54e7842304504f71461ea95c32e72be85611f2b7f85abb2985fff10c2ac1f93d6dad72ef1b141a7a8ac377e6cb37fb18cde9ff3667c062a225a93bffe89b12084a76c335f47203e39cdfc8544e4" style="">Contact Reply Form</a></div><div><a href="http://www.vflyer.com/links/links?linkType=51e800063161f042418d6a9fd1f9da6887e4036e18b1ae55a937fcd4474e077090cb0cef841c5e1b9cb5883788decad70e66e12b76998472911bcc415c151e31c9dee8b2965c980d56a3c1cd31dca3dc24b42fe1eeb55a21ac52643f11f3add4" style="">Forward to a Friend</a></div><div><a href="http://reneeburrows.vflyer.com/home/Listing.jsp?acctId=570028" style="">View Other Flyers</a></div></div></div><div style=""></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style="font-weight: bold ; padding: 5px 0px 2px 0px ;"><span>Pricing</span></div><div style=""><div style=""><span style="font-weight: bold ;">Price: </span><span>$405,900</span></div></div></div></div><div style=""><div style="font-family: Arial ; font-size: 13px ; color: #555555 ; font-weight: bold ; padding: 3px 0px 3px 0px ; border-bottom: 1px dashed #777777 ;"><span>Property Location</span></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style=""><span>9604 Bella Citta St</span><br /><span>Las Vegas, NV 89178</span><br /><a href="http://www.vflyer.com/links/links?linkType=3e4ef48d0c251f7e91134cc371622c8047020cfe9cd0352dc5892027442f165465d5b61103492a17e773baee09fc6dc13779f7766448cb087f3173f55b9616847c579429f4bc7b820ae1436c51a29cca05577723e41e6aae" style="">View Map</a></div><div style="clear: both ;"></div></div></div><div style=""><div style="font-family: Arial ; font-size: 13px ; color: #555555 ; font-weight: bold ; padding: 3px 0px 3px 0px ; border-bottom: 1px dashed #777777 ;"><span>Links</span></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style=""><div style="clear: both ;"></div></div><div style="float: left ; padding-left: 10px ; width: 140px ;"><span><a href="http://www.shackdiva.com" style="">Real Estate Blog</a></span></div><div style="clear: both ;"></div></div></div></div><div style="float: left ;"></div><div style="width: 485px ; float: right ;"><div style=""><div style="font-family: Arial ; font-size: 13px ; color: #555555 ; font-weight: bold ; padding: 3px 0px 3px 0px ; border-bottom: 1px dashed #777777 ;"><span>Features</span></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style=""><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">Bedrooms: </span><span>5</span></div><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">Bathrooms: </span><span>4</span></div><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">Year Built: </span><span>2006</span></div><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">Subdivision: </span><span>Concordia at Mountain's Edge</span></div><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">Lot Size: </span><span>11326</span></div><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">Garage Size: </span><span>3</span></div><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">School District: </span><span>CCSD</span></div><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">Square Footage: </span><span>4632</span></div><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">Agent Name: </span><span>Stan hicks</span></div><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">Broker: </span><span>Coldwell Banker Premier</span></div><div style="float: left ; width: 221px ;"><span style="font-weight: bold ;">MLS #: </span><span>995689</span></div></div><div style="clear: both ;"></div></div></div><div style=""><div style="font-family: Arial ; font-size: 13px ; color: #555555 ; font-weight: bold ; padding: 3px 0px 3px 0px ; border-bottom: 1px dashed #777777 ;"><span>Exterior Amenities</span></div><div style="font-family: Verdana ; font-size: 11px ; color: #7a7a7a ; line-height: 18px ; margin: 0px 0px 10px 0px ;"><div style=""><div style="float: left ; padding-left: 10px ; width: 140px ;"><span>Swimming Pool</span></div><div style="clear: both ;"></div></div></div></div></div></div><div style="clear: both ;"></div></div><div style="clear: both ;"></div><div style=""><div></div></div></div></div><div style="height: 25px ;"><div style=""><div style="font-family: Verdana ; font-size: 10px ; color: #455660 ; line-height: 18px ; margin: 5px ; margin-top: 0px ; text-align: left ; border-top: 1px dashed #000000 ;"><div style="float: left ; padding-left: 5px ;"><a href="http://www.vflyer.com/main/index.jsp" target="blank" style="">Powered by vFlyer.com</a></div><div style=""><a href="http://www.vflyer.com/help/eho" target="blank" style=""> EQUAL HOUSING OPPORTUNITY</a></div><div style="float: right ; padding-right: 5px ;"><span style="">VFLYER ID: </span><span style=""><a href="http://reneeburrows.vflyer.com/home/flyer/home/2970224" target="blank" style="">2970224</a></span></div></div></div></div></div><div style="font-size: 10px ; color: #333333 ; font-family: verdana ; padding: 5px 0px 10px 0px ;"></div></div><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Sun, 06 Dec 2009 12:12:20 -0600 http://activerain.com/blogsview/1371049/mountain-s-edge-open-house-postponed-due-to-weather-free-coffee-not-your-typical-reo- http://activerain.com/blogsview/1369997/sun-city-summerlin-las-vegas-nv-real-estate-market-report-for-october-2009-homes-for-sale-under-contract-sold- <p style="text-align: center;"><a href="http://www.reneeburrows.com/lasvegassuncities.html" title="Las Vegas Sun Cities homes for sale" target="_blank"><img title="Sun City Homes - Las Vegas, Henderson, North Las Vegas" src="http://activerain.comhttp://activerain.com/image_store/uploads/8/0/6/6/2/ar124861757826608.jpg" height="300" alt="Sun City Homes - Las Vegas, Henderson, North Las Vegas" width="650" /></a></p> <p><strong>Age Restricted</strong> (55+) <strong>Communities</strong> are scattered throughout the valley.&nbsp; Many offer a variety community amenities for Seniors who enjoy active lifestyles.&nbsp; <a href="http://www.reneeburrows.com/lasvegassuncities.html" target="_blank">For More Sun Cities, Click Here!</a></p> <p><strong>Sun City Summerlin</strong> is&nbsp;located in the Summerlin Area of <strong>Las Vegas</strong>, NV (zip 89134).&nbsp; There are 3470 homes in Sun City Summerlin ranging from 1021-4051 Square Feet.&nbsp; Community Amenities Include:&nbsp; Community Golf, Tennis, Gym, Pool, Spa, &nbsp;Recroom</p> <p style="text-align: center;"><img title="Sun City Summerlin Homes For Sale" src="http://activerain.com/image_store/uploads/1/9/2/8/1/ar126004278618291.jpg" height="290" alt="Sun City Summerlin Homes for Sale" width="482" /></p> <p><a href="http://www.reneeburrows.com/lasvegassuncities.html" target="_blank"></a></p> <p>Sun City Summerlin Market Report:</p> <ul> <li>Listings 11/15/2009:&nbsp;&nbsp;69 </li> <li>Under Contract 11/15/2009:&nbsp;&nbsp;18 </li> <li>Sold October&nbsp;2009:&nbsp; 14</li> </ul> <p>Since Last Month:&nbsp; Listings are DOWN -2, Contracted Escrows are DOWN -5 and Sold Units are UP +4</p> <p>Sun City Summerlin is currently enjoying a stable/balanced market (not a buyer's market, not a seller's market.)</p> <p><img title="Senior Real Estate Specialist" src="http://activerain.comhttp://activerain.com/image_store/uploads/9/5/1/3/3/ar12486176933159.jpg" height="69" alt="Senior Real Estate Specialist" width="120" />Renee Burrows carries the SRES (Senior Real Estate Specialist) Designation and has Probate and Estate experience.&nbsp; If you need a referral to a Probate or Estate lawyer, please contact me!</p> <p>Seniors Real Estate Specialists&reg; are REALTORS&reg; qualified to address the needs of home buyers and sellers age 50+. The SRES&reg; Council awards the SRES&reg; Designation to those members who have successfully completed its education program.</p> <p>By earning the SRES&reg; designation, your REALTOR&reg; has demonstrated necessary knowledge and expertise to counsel clients age 50-plus through major financial and lifestyle transitions involved in relocating, refinancing, or selling the family home. Your REALTOR&reg; has received special training, gets regular updates, and is prepared to offer the options and information needed in making life changing decisions.</p> <p><strong><a href="http://lasvegasrealestateforyou.activerain.com/post/1295638/sun-city-summerlin-las-vegas-nv-real-estate-market-report-for-september-2009-homes-for-sale-under-contract-sold-" target="_blank">For Last Month's Las Vegas - Henderson - North Las Vegas Sun Cities Market Report Please Click Here!</a></strong></p> <p><a href="http://www.reneeburrows.com/lasvegassuncities" target="_blank">For Most Current Sun Cities Market Report Click Here</a></p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Sat, 05 Dec 2009 13:57:08 -0600 http://activerain.com/blogsview/1369997/sun-city-summerlin-las-vegas-nv-real-estate-market-report-for-october-2009-homes-for-sale-under-contract-sold- http://activerain.com/blogsview/1369988/concession-vs-incentive-which-is-it-depends-on-whether-you-re-giving-or-receiving- <p> <p>Another Excellent post by Lenn on the importance of "incentives" or "concessions".</p> <p>If you would like to comment please click on the link and go to Lenn's original psot:</p> </p> <div id="reblogging_tag">Via <b><a href="http://activerain.com/blogsview/1368052/concession-vs-incentive-which-is-it-depends-on-whether-you-re-giving-or-receiving-">Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate</a></b>:<br/><blockquote><p><a href="http://activerain.com/lasvegasrealestateforyou" title="Renee Burrows" target="_blank">Renee Burrows</a>&nbsp;is the master of presenting Market Reports for her Las Vagas area through graphs.&nbsp; Not only are they attractive and easy to read and understand, Renee presents a variety of interesting market information through graphs.&nbsp; See her latest post of today, <a href="http://activerain.com/blogsview/1367899/las-vegas-area-real-estate-market-seller-concession-stand-october-2009" rel="bookmark">Las Vegas Area Real Estate Market Seller Concession Stand October 2009</a> which she describes in detail, seller concessions.&nbsp;</p> <p><strong>IS IT A <span style="text-decoration: underline;">CONCESSION</span> OR AN OFFER OF <span style="text-decoration: underline;">INCENTIVE</span>?&nbsp; Seller concessions</strong> is also an&nbsp;important matter&nbsp;in many areas of the Maryland and Northern Virginia real estate market.&nbsp; In fact, it is so important that we, real estate agents and brokers refer to these <strong>concessions</strong> as <strong>incentives</strong>.&nbsp;</p> <p><strong>NEW HOME BUILDERS KNOW.</strong>&nbsp; They offer<strong> incentives</strong> to home buyers in the way of closing cost builder contribution.&nbsp; Incentives offered by builders to prospective buyers often makes the difference in whether a buyer buys new or resale.&nbsp;&nbsp;</p> <p><strong>WHEN CLOSING COSTS ARE HIGH, SELLERS OFFER <span style="text-decoration: underline;">INCENTIVES TO BUYERS</span> TO HELP BUYERS BUY.&nbsp; Take the State of Maryland as an example.&nbsp;&nbsp; Closing costs in Maryland are quite high partly due to <span style="text-decoration: underline;">TRANFER AND RECORDING TAXES LEVIED BY THE STATE AND VARIOUS COUNTIES.&nbsp; </span></strong></p> <p><strong>IS IT A FEE OR A TAX??</strong>&nbsp;</p> <p>The government often refers to that <strong>tax</strong> as a <strong>fee.</strong>&nbsp;&nbsp; Seems to me that anytime the government levies a <strong>fee</strong> on any product or service (transfer real property from a seller to a buyer) it represents a tax.&nbsp; Closing costs in Maryland&nbsp;begin with&nbsp;a<strong> 1/2 % State Transfer Tax.</strong>&nbsp;&nbsp; On a $300,000 property, that's $1,500, just to the State of Maryland.&nbsp; However, that's just the beginning of fees/taxes/charges that are charged to the home buyer.&nbsp;</p> <p>Fact is, the transfer of real estate from a seller to a buyer is a <strong>source of&nbsp;revenue</strong> to the state and counties in Maryland.</p> <p>Many <strong>counties&nbsp;or cities</strong>&nbsp;also have <strong>transfer taxes</strong> of up to 1.5% of the purchase price.&nbsp;&nbsp;&nbsp;&nbsp;</p> <p> <table cellspacing="0" border="0" cellpadding="0" width="218"> <tbody> <tr height="17"> <td height="17" width="154">Baltimore City</td> <td width="64">1.50%</td> </tr> <tr height="17"> <td height="17">Anne Arundel County</td> <td>1.00%</td> </tr> <tr height="17"> <td height="17">Prince George's County</td> <td>1.40%</td> </tr> <tr height="17"> <td height="17">Montgomery County&nbsp;</td> <td>1.00%</td> </tr> <tr height="17"> <td height="17">&nbsp;</td> <td>&nbsp;</td> </tr> </tbody> </table> </p> <p>So, in addition to the <strong>State Transfer Tax</strong>, we now have a <strong>County Transfer Tax.</strong>&nbsp;</p> <p><strong>BUT WAIT!&nbsp; IT'S NOT OVER!</strong>&nbsp; Next we have the <strong>Recording Tax.</strong>&nbsp;&nbsp; Most counties charge a tax to record the transfer of title.</p> <p> <table cellspacing="0" border="0" cellpadding="0" width="280"> <tbody> <tr height="17"> <td height="17" width="154">Anne Arundel County&nbsp;</td> <td width="126">$7.00 per $1,000</td> </tr> <tr height="17"> <td height="17">Baltimore City</td> <td>$10.00 per $1,000</td> </tr> <tr height="17"> <td height="17">Frederick County</td> <td>$12.00 per $1,000</td> </tr> <tr height="17"> <td height="17">Montgomery County</td> <td>$6.90 per $1,000</td> </tr> <tr height="17"> <td height="17">&nbsp;</td> <td>&nbsp;</td> </tr> </tbody> </table> </p> <p>Maryland law permits the seller to pay half of the above fees and it is written in the Contract of Sale that this a condition of the contract between the parties, <strong>unless otherwise agreed by addendum.</strong>&nbsp; So, while the seller may pay half of the transfer and recording taxes, they do not have to do so.&nbsp; The exception to this rule is that a First Time Home Buyer is exempted from the 1/2 % State Transfer Tax and the seller must pay 1/4 %.&nbsp; The buyer must sign an affidavit at settlement that they are First Time Home Buyers.&nbsp;</p> <p>Of course, the charges above represent only transfer and recording fees charged to the home buyer.&nbsp; That is just the beginning of the closing costs charged to the home buyer.&nbsp; Title insurance, hazard insurance, etc., etc., etc.</p> <p> <table cellspacing="0" border="0" cellpadding="0" width="633"> <tbody> <tr> <td><strong>Estimated Closing Costs Montgomery County, MD</strong></td> </tr> <tr> <td width="337">&nbsp;<br /><strong>HOME PRICE - about $750,000.</strong>&nbsp;</td> <td width="296">&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>LOAN RELATED FEES</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>Appraisal Fee <br />Credit Report Fee .<br />Misc. Lender Fees</td> <td>$400<br />60<br />750 - 1,500</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>Prepaids -&nbsp;OR ESCROW ITEMS</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>Prepaid Interest (Per Diem) <br />Hazard Insurance (1 year) <br />Hazard Insurance Escrow .<br />Prepaid RE Taxes (6 months)&nbsp;<br /><br />TITLE CHARGES Settlement Fee (legal) <br />Title Insurance ($4.25 per $1,000) <br /></td> <td>$119 (one day)<br />1,800<br />300<br />4,500<br /><br />$750<br />3,200</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>GOVERNMENT RECORDING AND TRANSFER FEES</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>Recording Fees <br />County Transfer Tax <br />State Transfer Tax <br />Recordation Tax</td> <td>$150<br />3,750 (equal amount paid by seller)<br />1,875 (equal amount paid by seller)<br />2.587&nbsp;(equal amount paid by seller)</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td>The above doesn't include any down payment which the seller cannot pay.</td> <td>&nbsp;</td> </tr> <tr> <td><br /> <p>&nbsp;</p> </td> <td> <p>&nbsp;</p> </td> </tr> </tbody> </table> &nbsp;</p> <p><strong>AND ON AND ON AND ON.</strong></p> <p><strong>GONE IS THE "EQUITY POOL" FROM WHICH SELLERS OFFERED TO HELP BUYERS WITH CLOSING COSTS.</strong>&nbsp; In past years, the <strong>SELLER'S NET PROCEEDS</strong> from the sale of their real estate represented a<strong> pool </strong>of money from which the seller could and did offer $XXXX to home buyers as <strong>incentive</strong> to buy that property.&nbsp;</p> <p>It was not unusual to see a listing with the REMARKS that said "All allowable closing paid by seller".&nbsp; Sellers with equity were offering cash incentive to buyers to buy that home rather than another.&nbsp; Often, home buyers with little cash beyond their down payment wrote contract offers with the "condition" that the seller pay $XXXX or XXXX% towards the buyer's closing costs.&nbsp;</p> <p> <table cellspacing="0" border="0" cellpadding="0" width="343"> <tbody> <tr height="17"> <td height="17" width="130"><strong>TOWN/CITY</strong></td> <td width="3"><strong>&nbsp;</strong></td> <td width="64"><strong>List Price</strong></td> <td width="82"><strong>SOLD Price</strong></td> <td width="64"><strong>Incentive</strong></td> </tr> <tr height="17"> <td height="17">Burtonsville</td> <td>&nbsp;</td> <td>$213,900</td> <td>$226,734</td> <td>$10,053</td> </tr> <tr height="17"> <td height="17">Germantown</td> <td>&nbsp;</td> <td>$205,000</td> <td>$205,000</td> <td>$6,150</td> </tr> <tr height="17"> <td height="17">Clarksburg</td> <td>&nbsp;</td> <td>$449,990</td> <td>$436,000</td> <td>$7,000</td> </tr> <tr height="17"> <td height="17">Montgomery Village</td> <td>&nbsp;</td> <td>$149,900</td> <td>$153,200</td> <td>$6,750</td> </tr> <tr height="17"> <td height="17">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> </tbody> </table> </p> <p>With diminished home equity, sellers are often not in a position to offer cash incentive to prospective home buyers.&nbsp; Yet, sellers dramatically&nbsp;increase their buying pool if they can and do offer cash incentive to help a home buyer.&nbsp;</p> <p>Sadly, with the new proposed FHA guidelines, sellers will be limited in closing help that they can pay to help a buyer.&nbsp; No doubt in my mind that limiting closing help for FHA buyers from the present "up to $6%" to no more than 3%, many sellers will lost selling opportunities.&nbsp;</p> <p><em><strong>Courtesy, Lenn Harley, Broker, <a href="http://www.homefinders.com" title="Homefinders.com" target="_blank">Homefinders.com,</a> 800-711-7988.</strong></em></p></blockquote></div><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Sat, 05 Dec 2009 13:49:59 -0600 http://activerain.com/blogsview/1369988/concession-vs-incentive-which-is-it-depends-on-whether-you-re-giving-or-receiving- http://activerain.com/blogsview/1369983/what-is-a-reverse-mortgage-part-1- <p> <p>Lew has an excellent series of Reverse Mortgage Posts that I will be adding to my blog slowly over the course of the next couple of weeks!&nbsp; Very informative for persons who may be considering reverse mortgages!!&nbsp;</p> <p>Please click on the link to comment on it:</p> </p> <div id="reblogging_tag">Via <b><a href="http://activerain.com/blogsview/1349270/what-is-a-reverse-mortgage-part-1-">Lewis Corcoran - Offering Reverse Mortgages, and FHA, VA, and USDA Loans (Star Mortgage® - Serving Massachusetts and Florida)</a></b>:<br/><blockquote><p><strong>What Is A Reverse Mortgage? (Part 1)<br /></strong><strong>A 12 Part Series</strong></p> <p><strong>Part 1 - Definition of a Reverse Mortgage </strong></p> <p>A <strong>reverse mortgage</strong> is a Home Equity Conversion Mortgage (HECM) - it's a special type of home loan that allows senior citizens to convert a portion of the equity in their homes into cash. <strong>Reverse mortgages</strong> are offered through the FHA (Federal Housing Administration), and is available only to homeowners or home buyers aged 62 or older.</p> <p>A <strong>reverse mortgage</strong> is a safe plan that can give older Americans greater financial security. The equity that has built up in their homes over years can be paid to senior citizens. Because they are being paid from the equity in their homes, senior citizens can use the cash for whatever purpose they want. Many seniors use it to supplement social security and retirement benefits, meet unexpected medical expenses and daily living expenses, make home improvements, travel, and more.</p> <p>A <strong>reverse mortgage</strong> is often used to fully pay off an existing home mortgage and thereby allow Seniors to cease making monthly mortgage payments. And, unlike a traditional home equity loan or second mortgage, no repayment is required on a <strong>reverse mortgage</strong> until the borrower(s) no longer use the home as their principal residence.</p> <p>Seniors can also use a <strong>reverse mortgage</strong> to purchase a primary residence if they have cash on hand or have proceeds from the sale of another home. The cash on hand is used to pay the difference between the proceeds or a reverse mortgage and the sales price plus closing costs for the property they are purchasing.</p> <p>The maximum available loan amount is a percentage of the home's value that is based on the age of the youngest homeowner. The loan does not have to be repaid until the last surviving homeowner permanently moves out of the property, sells the home, or passes away. At that time, the estate has 12 months to repay the balance of the <strong>reverse mortgage</strong> or sell the home to pay off the balance. The estate initially has 6 months, but up to 2 3-month extensions can be granted. All remaining equity is inherited by the estate. And, the estate is not liable if the home sells for less than the balance of the <strong>reverse mortgage</strong>.</p> <p>Difference Between a Home Equity Loan and a <strong>Reverse Mortgage</strong></p> <p>With a traditional second mortgage or a home equity line of credit (HELOC), you must have sufficient income, credit and equity in the home to qualify for the loan. You are also required to make monthly mortgage payments. The <strong>reverse mortgage</strong> is different from a home equity loan in that it pays you, and is available to you regardless of your current income. The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home or FHA's mortgage limit for your area, whichever is less. Generally, the more valuable your home is, the older you are, the lower the interest, the more you can borrow.</p> <p>You don't make payments, because the loan is not due as long as you live in the house, and it is your primary residence. As with all home owners, you still are required to pay your real estate taxes, homeowner's insurance, and other conventional payments such as utilities. However, with a <strong>reverse mortgage</strong>, you cannot be foreclosed or forced to vacate your house because you "missed your mortgage payment."</p> <p><br /><strong>Next:&nbsp; Part 2 - Reverse Mortgage Eligibility Requirements</strong></p> <p><br />If you're 62 or older and are looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, to pay for healthcare expenses, or even to buy your retirement home, then consider getting a <a href="http://www.lewcorcoran.com/freeReports/About%20Reverse%20Mortgages/">reverse mortgage</a>. Find out how a <a href="http://www.lewcorcoran.com/loanOptions/Featured/Reverse%20Mortgages/">reverse mortgage</a> can use the equity in your home to pay you.</p><div class="agent_signature"><hr style="text-align: center;" /> <table cellspacing="0" bordercolor="#111111" border="0" id="AutoNumber6" cellpadding="0" width="587" style="text-align: center; width: 100%; border-collapse: collapse;"> <tbody> <tr> <td width="20%">&nbsp;</td> <td width="80%">&nbsp;</td> </tr> <tr> <td width="35%"> <table cellspacing="0" bordercolor="#111111" border="0" id="AutoNumber7" cellpadding="0" width="100%" style="border-collapse: collapse;"> <tbody> <tr> <td width="100%"> <p style="text-align: center;"><a href="http://www.LewCorcoran.com" title="See Lew Corcoran at Northeast Community Mortgage" target="_blank"><img title="Visit Lew Corcoran, Sr. Mortgage Consultant at Star Mortgage" src="http://activerain.com/image_store/uploads/1/7/1/7/6/ar12584554667171.jpg" height="67" alt="Star Mortgage" width="179" style="margin: 0px;" /></a></p> </td> </tr> </tbody> </table> <a href="http://twitter.com/lewcorcoran" title="See Lew Corcoran on Twitter" target="_blank"><img title="Follow Lew Corcoran on Twitter" src="http://activerain.com/image_store/uploads/4/9/4/9/7/ar125675281379494.gif" height="16" alt="Twitter" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.facebook.com/people/Lew-Corcoran/1609263430" title="See Lew Corcoran on Facebook" target="_blank"><img title="Follow Lew Corcoran on Facebook" src="http://activerain.com/image_store/uploads/2/5/4/3/5/ar125675283653452.gif" height="16" alt="Facebook" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.linkedin.com/pub/lew-corcoran/a/367/2b8" title="See Lew Corcoran on LinkedIn" target="_blank"><img title="Follow Lew Corcoran on LinkedIn" src="http://activerain.com/image_store/uploads/5/3/0/6/5/ar125675285556035.gif" height="16" alt="LinkedIn" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.trulia.com/profile/lewcorcoran/" title="See Lew Corcoran on Trulia" target="_blank"><img title="See Lew Corcoran on Trulia" src="http://activerain.com/image_store/uploads/7/2/0/6/0/ar125744005906027.jpg" height="16" alt="Trulia" width="16" style="margin: 2px;" /></a>&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogs/lewcorcoran/rss" title="RSS Feed for Lew Corcoran's ActiveRain blog" target="_blank"><img title="RSS Feed for Lew Corcoran's ActiveRain blog" src="http://activerain.com/image_store/uploads/7/0/9/7/7/ar125675289677907.gif" height="16" alt="rss" width="16" style="margin: 2px;" /></a></td> <td width="65%"> <p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: verdana,geneva;"><span style="font-size: xx-small;"><span><strong>Lew Corcoran, Sr. Mortgage Consultant</strong><br /><strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/Reverse%20Mortgages/" title="Reverse Mortgages" target="_blank">Reverse Mortgages</a></strong> / <strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/FHA%20Mortgage%20Loans/" title="FHA Mortgage Loans" target="_blank">FHA Loans</a></strong> / <strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/VA%20Mortgage%20Loans/" title="VA Mortgage Loans" target="_blank">VA Loans</a></strong><br /><strong><a href="http://www.lewcorcoran.com/loanOptions/Featured/USDA%20Rural%20Development%20Loans/" title="USDA Rural Development Loans" target="_blank">USDA Rural Development Loans</a></strong><br /><strong>in Massachusetts and Florida<br /></strong><a href="http://www.lewcorcoran.com/loanOptions/Custom Pages/Coupon/" title="Get $250 off closing costs when you apply for a mortgage online." target="_blank">Save on&nbsp;closing costs when you apply for a mortgage online</a><br /></span><span><strong><a href="http://activerain.com/blogs/lewcorcoran/" title="Lew Corcoran's ActiveRain Blog" target="_blank">ActiveRain Blog</a></strong></span><span><span>&nbsp;/ </span></span></span></span><span><a href="http://localism.com/neighbor/lewcorcoran" title="Lew Corcoran on Localism" target="_blank"><strong><span style="font-family: verdana,geneva; font-size: xx-small;">Localism</span></strong></a><span style="font-family: verdana,geneva; font-size: xx-small;">&nbsp;/ </span><a href="http://newenglandproperties.net/" title="New England Properties" target="_blank"><strong><span style="font-family: verdana,geneva; font-size: xx-small;">New England Properties</span></strong></a><br /><strong><a href="http://lewiscorcoran.com/" title="The Mortgage Market Watch and Interest Rate Lock Advisory" target="_blank"><span style="font-family: verdana,geneva; font-size: xx-small;">The Mortgage Market Watch and Interest Rate Lock Advisory</span></a></strong></span></p> </td> </tr> <tr> <td width="35%">&nbsp;</td> <td width="65%">&nbsp;</td> </tr> </tbody> </table> <hr style="text-align: center;" /></div></blockquote></div><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Sat, 05 Dec 2009 13:46:12 -0600 http://activerain.com/blogsview/1369983/what-is-a-reverse-mortgage-part-1- http://activerain.com/blogsview/1367899/las-vegas-area-real-estate-market-seller-concession-stand-october-2009 <p style="text-align: center;"><img title="Las Vegas Area Seller Concessions Paid" src="http://activerain.com/image_store/uploads/8/2/5/0/5/ar12599306950528.jpg" height="314" alt="Las Vegas Area Seller Concessions Paid" width="600" /></p> <p>Here is what buyers received in seller paid concessions on&nbsp;September 2009 <strong>Las Vegas Area</strong> (Henderson - N Las Vegas - Las Vegas) Closes:</p> <ul> <li>Less than $500:&nbsp; 63% ($500 only buys you a home warranty or (no and) an appraisal </li> <li>Between $501-4000:&nbsp; 17% </li> <li>Over $4001:&nbsp; 20% </li> </ul> <p>This pretty much means that sellers aren't giving up much of anything since <a href="http://activerain.com/blogsview/1243909/las-vegas-nv-area-august-2009-pendings-report-inventory-still-going-down-pendings-still-going-up-" target="_blank">Las Vegas is a Seller's Market</a> and in dire need of sellable inventory!</p> <p><a href="http://lasvegasrealestateforyou.activerain.com/post/1277533/las-vegas-area-real-estate-market-seller-concession-stand-september-2009" target="_blank">Last Month's Concession Stand</a></p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; <a title="Follow Las Vegas Real Estate on Twitter!" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Follow Las Vegas Real Estate Market Reports on Twitter!" src="http://activerain.com/image_store/uploads/3/4/3/9/2/ar125225800829343.png" alt="Follow Las Vegas Real EState Market Reports on Twitter!" width="128" height="128" /></a></p> <p style="text-align: center;"><a href="http://www.reneeburrows.com/blogdisclaimernotice" target="_blank">Blog Disclaimer Important Notice</a></p> <p style="text-align: center;"><a href="http://www.youtube.com/user/ShackDiva" target="_blank"><img title="Las Vegas Real Estate on Youtube" src="http://activerain.com/image_store/uploads/9/6/4/2/1/ar125987789312469.png" alt="Las Vegas Real Estate on Youtube" width="50" height="50" /></a>&nbsp;<strong>&copy; 2009 Renee Burrows Las Vegas Real Estate Market Report&nbsp;Blog<a title="Las vegas delicous real estate bookmarks" href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"><img title="Delicious Las Vegas Real Estate Bookmarks and Links" src="http://activerain.com/image_store/uploads/2/6/0/4/7/ar12522582074062.png" alt="Delicious Las Vegas Real Estate Bookmarks and Links" width="50" height="50" /></a></strong></p> <p style="text-align: center;"><img title="Realtor/MLS Member, NAR, NVAR, GLVAR" src="http://activerain.com/image_store/uploads/5/5/2/5/6/ar125765410165255.jpg" alt="Realtor/MLS Member, NAR, NVAR, GLVAR" width="100" height="44" /><img title="Accredited Buyer's Representative" src="http://activerain.com/image_store/uploads/6/1/1/4/4/ar125765416744116.gif" alt="Accredited Buyer's Representative" width="100" height="38" /><img title="Seller Representative Specialist" src="http://activerain.com/image_store/uploads/8/2/1/4/0/ar125765423004128.jpg" alt="Seller Representative Specialist" width="100" height="41" /><img title="Senior Real Estate Specialist" src="http://activerain.com/image_store/uploads/9/9/0/4/9/ar125765425594099.jpg" alt="Senior Real Estate Specialist" width="100" height="45" /><img title="At Home with Diversity" src="http://activerain.com/image_store/uploads/8/3/1/9/7/ar125765430679138.gif" alt="At Home with Diversity" width="73" height="50" /></p> <p style="text-align: center;"><a href="http://reneeburrows.las.mlxchange.com/?Page=329230" target="_blank"><strong>Search Las Vegas Homes For Sale and Rental Homes Right Here!</strong></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"></a></p> <p style="text-align: center;"><a href="http://us.rd.yahoo.com/my/atm/Renee/The%20Shack%20Diva/*http://add.my.yahoo.com/rss?url=http%3A//lasvegasrealestateforyou.activerain.com/rss"><img src="http://i371.photobucket.com/albums/oo160/lasvegasrealestateforyou/yahoo.png" alt="" /></a></p></div> Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR (Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale) Fri, 04 Dec 2009 06:48:10 -0600 http://activerain.com/blogsview/1367899/las-vegas-area-real-estate-market-seller-concession-stand-october-2009 http://activerain.com/blogsview/1366780/las-vegas-nv-area-october-2009-high-rise-inventory-update <p><strong><a href="http://www.reneeburrows.com/" title="Las Vegas Area High Rise Rental Condos" target="_blank"></a></strong></p> <p style="text-align: center;"><strong><a href="http://lasvegasrealestateforyou.activerain.com/post/1277577/las-vegas-nv-area-september-2009-high-rise-inventory-update" title="Las Vegas Area High Rise Rental Condos" target="_blank"><img title="Las Vegas Area High RIse Rental Condos" src="http://activerain.com/image_store/uploads/4/5/5/0/2/ar125986818020554.jpg" height="290" alt="Las Vegas Area High Rise Rental Condos" width="482" /></a></strong></p> <p><strong>Las Vegas High Rise Rentals</strong>:</p> <ul> <li>252&nbsp;Listed 11/15/2009 </li> <li>13&nbsp;Under Contract 11/15/2009 </li> <li>43&nbsp;Leased&nbsp;October 2009&nbsp; </li> <li>5.9 Months Inventory </li> </ul> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/post/1277577/las-vegas-nv-area-september-2009-high-rise-inventory-update" title="Las Vegas Area High Rise Condos For Sale" target="_blank"><img title="Las Vegas Area High Rise Condos For Sale" src="http://activerain.com/image_store/uploads/1/0/3/3/6/ar125986830063301.jpg" height="290" alt="Las Vegas Area High Rise Condos For Sale" width="482" /></a></p> <p><a href="http://www.reneeburrows.com/" title="las vegas high rise condos for sale" target="_blank"></a></p> <p><a href="http://www.reneeburrows.com/" title="Las Vegas Area High Rise Condos For Sale" target="_blank"></a></p> <p><a href="http://www.reneeburrows.com/lasvegashighrisecondo" title="las vegas high rise condos for sale" target="_blank"></a></p> <p><a href="http://www.reneeburrows.com/lasvegashighrisecondo" target="_blank"></a></p> <p><a href="http://www.reneeburrows.com/lasvegashighrisecondo" target="_blank"></a></p> <p><a href="http://www.reneeburrows.com/lasvegashighrisecondo" target="_blank"></a></p> <p><a href="http://www.reneeburrows.com/lasvegashighrisecondo" target="_blank"></a></p> <p><a href="http://www.reneeburrows.com/" target="_blank"></a></p> <p><strong>Las Vegas High Rise Resales</strong>:</p> <ul> <li>673&nbsp;Listed&nbsp;11/15/2009 </li> <li>209&nbsp;Under Contract 11/15/2009 </li> <li>65&nbsp;Closed October 2009 </li> <li>10.4&nbsp;Months Inventory&nbsp; <em><br /></em></li> </ul> <p>This Market is extremely volatile due to the boutique nature and lack of financing.&nbsp;&nbsp;&nbsp; <a href="http://lasvegasrealestateforyou.activerain.com/post/1277577/las-vegas-nv-area-september-2009-high-rise-inventory-update" title="las vegas high rise condos" target="_blank">Read last month's report here.</a></p> <p><a href="http://activerain.com/blogsview/1222627/las-vegas-nv-area-july-2009-high-rise-inventory-update" target="_blank">This report is</a> compiled by using data from the GLVAR MLS.&nbsp;Data is gathered by the "VERTICAL" field and the "RESIDENTIAL" field using "CON" as subtype and&nbsp;&nbsp;"HIGHRIS,LOFTLIV,PENTHSE" equals any for building description.&nbsp; 12/3/2009 NOTE:&nbsp; The high rise portion of the RESIDENTIAL field is being phased out into the VERTICAL field currently.&nbsp; Information is deemed reliable but not guaranteed.</p> <p>Read the <a href="http://www.reneeburrows.com/lasvegashighrisecondo" target="_blank">most current market report for the Las Vegas High Rise Sector right here.</a></p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; 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<a href="http://www.reneeburrows.com/lasvegasshortsales.html" target="_blank">Short Sales:</a> 4475, 43% of all listings; <a href="http://www.reneeburrows.com/lasvegasforeclosures.html" target="_blank">Bank Owned Listings</a>: 2243, 22% of all listings. Short sale and REO listings consume 65% of total listings </li> <li><strong>New Home Sales</strong> (October 2009, <strong>units sold</strong>):&nbsp;441 Year Change -44.7% (excl condo conversions, highrises) </li> <li><strong>New Home Sales</strong> (October 2009, <strong>median price</strong>): $205,000 Year Change -16.0% (excl condo conversions, highrises) </li> <li><strong>Existing Home Sales</strong> (October 2009, <strong>units sold</strong>):&nbsp;4328 Year Change +35.5% </li> <li><strong>Existing Home Sales</strong> (October 2009, <strong>median price</strong>): $125,000 Year Change: -30.6% </li> <li><strong>New Home Permits</strong> (September 2009):&nbsp;396 Year Change -14.1% </li> <li><strong>Rental Rate</strong> (MLS Monthly Average&nbsp;August 2009): $1265/month&nbsp; </li> </ul> <p><em>My analysis:</em>&nbsp;&nbsp;Distressed listings (foreclosures and short sales) are 65% of total listings.&nbsp; Credit markets must be watched as underwriting guidelines continue to tighten.&nbsp; Condos are barely financeable.&nbsp; Resale&nbsp;sold units&nbsp;and pendings remain impressive.&nbsp; Builders cannot compete with bank owned listing prices, thus sales remain lackluster.&nbsp;The rental market is softening due to all the investor/first time buyer combination of activity.&nbsp; This adds more supply and creates less demand.</p> <p><strong>New Residents/Employment Conditions:</strong></p> <p style="text-align: center;"><img src="http://activerain.com/image_store/uploads/2/0/1/7/1/ar125976024917102.jpg" height="290" alt="Las Vegas New Resident Count" width="565" /></p> <p style="text-align: center;"><img title="Las Vegas Total Employment" src="http://activerain.com/image_store/uploads/9/0/3/2/9/ar125976027792309.jpg" height="290" alt="Las Vegas Total Employment" width="564" /></p> <ul> <li><strong>New Residents</strong> (October 2009):&nbsp;4705,&nbsp;Year Change -16.2% </li> <li><strong>Total Employment</strong> (October 2009):&nbsp;848,300 Year Change -6.7% </li> <li><strong>Unemployment <img src="http://i.ixnp.com/images/v3.23/t.gif" id="snap_com_shot_engage_icon_0" height="1" alt="" width="1" /> Rate</strong> (October&nbsp;&nbsp;2009) 13.0%, Year Change +68.8% </li> </ul> <p><em>My analysis:</em> The tourism, gaming and convention numbers need to improve before these numbers improve.&nbsp; New Resident Count will&nbsp;continue to plummet&nbsp;if no new jobs are created.&nbsp; Economists are hoping that&nbsp;City Center brings tens of thousands of new jobs.&nbsp;&nbsp;<strong><a href="http://activerain.com/blogsview/548410/economic-conditions-for-the-las-vegas-valley-may-2008" target="_blank">The Las Vegas Valley has lost -78600 jobs since April 2008</a></strong>.&nbsp; I am not optimistic that City Center can pull us out of this slump.&nbsp; (see Tourism/Gaming conditions below!)&nbsp; City Center is expected to draw in anywhere from 10,000-15,000 new jobs.&nbsp; Unfortunately around 8500 construction workers from the project&nbsp;will be unemployed so that really boils down to only 2500-7500 new jobs.&nbsp; Unemployment rate is painful.</p> <p><strong>Tourism/Gaming Conditions:</strong></p> <p style="text-align: center;"><img title="Las Vegas Convention Attendance" src="http://activerain.com/image_store/uploads/2/9/3/3/6/ar125976030963392.jpg" height="290" alt="Las Vegas Convention Attendance" width="565" /></p> <ul> <li><strong>McCarran Airport Total Passengers</strong> (September 2009):&nbsp;3,336,007 Year Change -3.5% </li> <li><strong>Gaming Revenue</strong> (September 2009): $774,055,720, Year Change -9.3% </li> <li><strong>Visitor Volume</strong> (September 2009): 3,350,862, Year Change -3.7% </li> <li><strong>Convention Attendance</strong> (September 2009): 401,319, Year Change&nbsp; 12.2%&nbsp; </li> <li><strong>Hotel/Motel Occupancy</strong> (September 2009): 83.2% Year Change -1.3% </li> </ul> <p><em>My analysis:</em>&nbsp;&nbsp; Convention attendance rose in the double digits this month after a -58% year over year for month prior.&nbsp; We shall see if this is a fluke or sustainable.&nbsp; This sector (tourism)&nbsp;needs to see some serious price corrections before we see a comeback.&nbsp; <strong>Corporate credit is not coming back any time soon.</strong>&nbsp; It will be hard to get convention attendance back up without corporate credit.&nbsp; Glad to see regular tourists are making their way here with the imbalance of the other numbers to replace the convention attendee numbers.&nbsp; Gaming and convention business is big business and those numbers&nbsp;MUST increase for jobs to increase and for our entire economy to stabilize.&nbsp; Any convention attendance&nbsp;decrease of over 10% is extremely painful to this economy and all the overbuilt convention space.&nbsp; It will be interesting to see what hotel/motel occupancy boils down to after city center opens with almost 6,000 new rooms online.&nbsp; Anyone else seeing price corrections in store for the Las Vegas Strip?</p> <p><em>Sources: <strong>Salestraq</strong>, Home Builder's Research, Greater <strong>Las Vegas</strong> Association of <strong>Realtors</strong>, <strong>Nevada</strong> State Gaming Control Board, Nevada Department of Motor Vehicles, McCarran International Airport, Las Vegas Convention &amp; Visitor's Authority, Nevada Department of Employment, Training and Rehabilitation.&nbsp; Information deemed reliable but not guaranteed.&nbsp; My analysis is my humble opinion</em></p><div class='agent_signature'><p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates Via Twitter" href="http://twitter.com/ReneeBlv" target="_blank"><img title="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" src="http://activerain.com/image_store/uploads/4/2/8/9/9/ar125099087699824.jpg" alt="Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale" width="650" height="214" /></a></p> <p style="text-align: center;"><a href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"></a><a href="http://twitter.com/ReneeBlv" target="_blank"></a><a href="http://delicious.com/LasVegasRealEstateMarketReports" target="_blank"></a><a href="http://www.google.com/profiles/lasvegasrealestatemarketreport" target="_blank"></a><a href="http://digg.com/users/hskrfiesta" target="_blank"></a><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a href="http://technorati.com/people/technorati/lasvegasrealestatemarketreport" target="_blank"></a></p> <p style="text-align: center;"><a title="Las Vegas Real Estate Market Report Updates RSS Feed" href="http://lasvegasrealestateforyou.activerain.com/rss" target="_blank"><img title="Las Vegas Real Estate Market Report Updates RSS Feed" src="http://activerain.com/image_store/uploads/1/2/3/0/6/ar125225787160321.png" alt="Las Vegas Real Estate Market Report Updates RSS Feed" width="128" height="128" /></a>&nbsp;&nbsp; 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