homeownership: Where have I been? - 12/29/07 03:23 AM
I have been so busy with the REO side of business I haven't had any time to write. Lately I have been getting 30-50 Broker Price Opinion requests a week. Add to that the 20 something clients I am still working with and sitting still long enough to write on the blog is a dream.
Just wanted to share somehting that I haven't seen in a while. Multiple offers on houses. I have a few clients in the sub $200K range who have been looking and we have been writing offers on REO listings. We are looking at properties that have just been … (0 comments)

homeownership: Proposed HUD Rule Comment Period Extended - 07/16/07 09:47 AM
I received an update from the Nehemiah program following my last post on downpayment assistance programs in trouble. 
Due to significant interest, The Department of Housing and Urban Development (HUD) has extended the public comment period on the proposed rule entitled ‘Standards for Mortgagor's Investment in Mortgaged Property' until August 10, 2007.
If the proposed rule is implemented as currently written, homebuyers using mortgages insured by the Federal Housing Administration (FHA) would be prohibited from accepting downpayment gifts that are indirectly funded by the home seller. This would impact your business by eliminating all privately funded downpayment assistance programs.
The extended comment period ensures … (0 comments)

homeownership: Down Payment Assitance in trouble. - 06/18/07 04:18 AM
I bought my first house before I became an active real estate agent. Back then, homes were affordable, the average ones hovering just above the triple digits.
I'd saved the 3% required by FHA for down-payment but didn't like the idea of being newly married, starting a new family, and using most of my savings to get a house thus eliminating a major portion of my savings at the same time.
A REALTOR here in Las Vegas (now my broker) turned me on to the Nehemiahprogram and helped me get my first house without using my savings for down-payment.
Now, my favorite programs are … (3 comments)

homeownership: Glass top patio table. - 06/07/07 10:22 AM
I'm actually LOL right now as I write this.
We have a patio table with a glass top like most people who have a patio and or backyard. We also have a mist system (popular in Las Vegas, water misters that cool the air where it is hot and low humidity for those who are not in the desert). Since we are in the desert and the water is extremely hard with lots of calcium, any water that hits glass and is not wiped up will leave water spots that verge on the edge of permanency.
About the only way to get rid of the … (1 comments)

John Calvert (Desert Sun Realty)

John Calvert

Boulder City, NV

More about me…

Desert Sun Realty

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

Office: (702) 293-0001

Mobile: (702) 324-7133

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



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