henderson: Properties listed 20-40% under market value.
- 08/21/07 12:25 PM
I've discovered a search method to find properties in Las Vegas that are listed under market value (Comps) and even quite a few that are under a recent, 3 month or less, appraisal or under comparable sales in the last 3 months. I am using the 3 month guidline as I am seeing that more and more lenders are tightening up their appraisal guidlines to only allow comps from within the last 3 months. Some examples: Priced at 849,000 - Appraised at 1.1M. That is about 23% under. I even talked to the appraiser and he will still put it at an easy 1.1M today, … (0 comments)
henderson: Foreclosure Open House Number 2
- 07/06/07 10:33 AM
I finally recorded another video podcast from one of the foreclosure, bank owned open houses that I do. This one, unlike the last one, is in need of some repair. SERIOUS REPAIR. I think the previous occupants owned stock in a tobacco company as it smells like they smoked about 7 packs an hour. This house is located in Henderson off of Sunset and Eiger. It is a townhome with 1200 sq ft, 2 bedrooms upstairs each with their own bath, loft, 1/2 bath downstairs and a decent sized kitchen considering the sq ft. while still leaving a good sized living room … (0 comments)
henderson: Las Vegas Foreclosure List
- 06/04/07 10:51 AM
If you are looking to buy a foreclosure home in Las Vegas, I have set up a search that will email you the latest foreclosures when they hit the market. The search also let's you log into a personal website for you so you can make changes at anytime such as number of bedrooms, location, size, price, baths, lot size, garage, etc. To get set up on this daily list of new foreclosure properties in Las Vegas, visit the link below. http://johncalvert.net/reo/default.asp
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henderson: Las Vegas Real Estate Stats... Do the math.
- 05/30/07 11:15 AM
I'm going to show you some numbers that will give an idea of what is really happening with the Las Vegas housing market and not a bunch of speculative PR junk. At the end, however, I will do a sales pitch. ;) 25,018 Homes, Condos and Townhomes for sale in the Las Vegas valley (Las Vegas, Henderson, North Las Vegas, etc. not including Boulder City or Pahrump) GLVAR MLS right now. 2,117 solds in the las 30 days. That gives an absorption rate of 11.82. What that means is a property listed today should sell in about 11 to 12 months... in a mathematical world where no new listings are taken. Some other factors to consider are area, … (0 comments)
henderson: Eight Common Ways to Hold Title in Nevada
- 05/29/07 08:39 AM
HOW YOU TAKE TITLE - ADVANTAGES AND LIMITATIONS: Title to real property in Nevada may be held by individuals, either in Sole Ownership or in Co-Ownership. Co-Ownershp of real property occurs when title is held by two or more persons. There are several variations as to how title may be held in each type of ownership. The following brief summaries reference eight of the more common examples of Sole Ownership and Co-Ownership. SOLE OWNERSHIP A man or woman who is not married. Example: John Doe, a single man. An Unmarried Man/Woman: A man or woman, who having been manied, is legally … (2 comments)
henderson: This weekend.... SUMMER STARTS!!!!
- 05/25/07 11:06 AM
Memorial Day marks the traditional beginning of summer and the start of the most popular season in real estate. If you're in the market for a new home, get a jump start by getting pre-approved for a loan by a trusted mortgage broker. Buying a home can be an overwhelming process. A pre-approved loan agreement outlines what you can afford to buy, so when the time comes to start shopping you and your real estate agents have a set price range to follow in finding your perfect home. There are also other reasons to get pre-approved for a loan. When you find that … (0 comments)
henderson: Video Report From A Henderson Area Bank Foreclosure Open House
- 05/18/07 08:56 AM
I sat an open house that is a bank foreclosure in henderson and decided to get out the webcam and shoot a quick video about the house and the area. Also I talk a little about the foreclosure market in Southern Nevada.
If you want more information on this house or any other foreclosures in the Las Vegas area, I would be happy to assit you. If you are not in the Las Vegas area and want to buy or sell, let me know and I can connect you with a professional in your area. … (1 comments)
I've discovered a search method to find properties in Las Vegas that are listed under market value (Comps) and even quite a few that are under a recent, 3 month or less, appraisal or under comparable sales in the last 3 months. I am using the 3 month guidline as I am seeing that more and more lenders are tightening up their appraisal guidlines to only allow comps from within the last 3 months.
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