appraisals: Don’t Let Appraisers Undervalue Your Las Vegas Home - 07/07/11 08:56 AM
Appraisers.  An appraiser can be one big obstacle that can stand in the way of selling your Las Vegas home. Imagine that our N&Y Team has found a buyer for your home, and the one thing standing in your way of closing the deal is the appraisal. These days, appraisers are routinely undervaluing homes. Therefore, it is important when hiring an agent, that they are knowledgeable about the area and its comparable homes. Don't let that appraiser undervalue the appraisal of your home; instead arm them with a plethora of information.
 According to the The Real Deal, rule changes under the … (2 comments)

appraisals: Appraising the Impact of HVCC in Las Vegas Real Estate Transactions - 08/18/09 08:35 AM
In the mortgage mess we are still working out of, there is plenty of blame to go around - including to appraisers who overvalued Las Vegas property to support their friends in the mortgage industry.  To make the process more impartial and remove pressure on appraisers to aim for a specific value, new regulations went into effect on May 1, 2009 to distance all the parties in a loan transaction.
As a result of lawsuit in New York brought by the Attorney General against the appraisal division of First America Corp. which supposed inflated 260,000 Washington Mutual loans, a set of regulations … (0 comments)

appraisals: Don't Gamble with the $8,000 Tax Credit on Your Las Vegas Home by Waiting Too Long - 08/13/09 11:51 AM
Las Vegas is a gambling town but even the pros know you shouldn't push your luck- especially with a sure thing. The $8,000 first time homebuyer tax credit is assured to any creditworthy person who has not owned a home in the past three years.  The main way to blow this pile of cash is to wait too long.  The November 30, 2009 deadline is fast approaching.  It may look like you have three months to play with, but this year there are other factors at play.  If you wait too long, you will loss $8,000.  This true anywhere but there … (0 comments)