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VietnameseA fable according to Webster's Dictionary is “a fictitious story meant to teach a moral lesson". Aesop is the best known fable writer and most of us are familiar with his stories such as "The Tortoise and The Hare". A lesser known fable is "The Wolf and The Crane". For the purpose of my fable, the leading roles will be played by The Homeowner (the Crane) and The Big Bad Bank (the Wolf). The Continue Reading
Las Vegas Real Estate Blog - Page 47
“A New Year Wish Revisited”
I wanted to share this message of hope and happiness from 2007; I believe it is as appropriate as when it was published. I am departing from my usual series of minute sophisms to wish all my clients and friends a year of prosperity and peace. Most specifically, I wish that our hearts remain filled with the spirit of the holidays past, and that we continue to show peace and understanding in our Continue Reading
Short Sales are Long In The Tooth! Here’s Why.
My mother was a teacher. She always made sure her children did their homework every night- NO EXCUSES! However, I do remember kids who never had their homework done and always had some sort of an excuse such as "I couldn't find a pencil", "No one at home would help me", etc. It was never believed or tolerated by any savvy teacher. The teacher was in control, not the students. We are in an era Continue Reading
The Real Estate Downturn: Where Do We Go From Here?
It is amazing that such a tough year for real estate actually flew by in the blink of an eye (with a tear in it, though)! Now it's 2010 and we all wonder what is in store for buyers, sellers, banks, and lenders. In uncertain times, those that maintain a steady course are the survivors. Real estate agents have been weeded out by natural selection of the finest and fittest. Staying on top of new Continue Reading
How to Buy A Foreclosed Home In The Las Vegas Valley
Buying a Foreclosed Home in Las Vegas In working with buyers in the Las Vegas market I have found that we must employ specific strategies to actually get our buyer's offer accepted. Many buyers have to learn these strategies the hard way by trial and error. They usually would like to take a position of offering the bank a substantially lower offer than list price with the hope it will be Continue Reading
A Realtor’s Tale
This is a story of old Mr. Scrinch, you might call him a successful landowner in the Las Vegas Valley. He had a reputation with his peers of an uncanny ability in always buying distressed property in the least desirable part of town and at his terms. He was notorious for investing as little rehab money into a project as possible, and rent schedules that always seemed over market. Somehow he always Continue Reading
Banks Are Agreeing to Shore Sales! Is This The Right Time to Sell?
Last week we closed a Las Vegas short sale for client. That is not all that unusual anymore, but what is unusual is the way the bank let us do the short sale. Our client had to move to another city for her work. She has great credit and didn't want to destroy it. Upon having discussions with the bank we were able to convince them that it was in their best interest to allow her to sell her home Continue Reading
Where Appraisals Stand in Our Downward Market At the Moment
Where Appraisals Stand in Our Downward Market At the Moment I really have a genuine empathy for appraisers. We know that there job is difficult and tedious. I also know that they are currently faced with great challenges. The currently downward market presents a challenge that seems to be insurmountable. When given the task of appraising a home that is currently occupied and in good or great Continue Reading
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