John Ingram of New American Funding just closed a loan for a longtime client of mine in record time.... AND with a contingency on the sale of his current home AND a transfer of funds from one escrow to the other! New American funded the loan almost simultaneously once our first buyer's loan had funded! This allowed both transactions to close by 1 PM on the Wednesday before Thanksgiving. The Continue Reading
market - Page 3
ANOTHER BIG NUMBER- AN ASKING PRICE THAT IS TOO HIGH!
My background prior to my 25 year real estate career was in the field of education. I was always going to be a teacher and got my degree in French from the University of Nevada, Reno. When I got into real estate in 1986, I was told teachers were generally successful in this field and it made sense to me. Buying or selling a house is an educational process. The terminology and the processes are Continue Reading
THE BIG NUMBER….THE REAL ESTATE COMMISSION
Recently, I placed a home on the market for a 65 year old single man who is about to retire. I have known him for over 20 years but only represented him once in a real estate transaction. He was the buyer so the home seller paid the real estate commission in that transaction. However, he has bought and sold many properties over the years. I checked on the sales prices in his neighborhood and Continue Reading
There is a reason why a seller has an agent!
After a contract is negotiated and an agreement is reached on price and terms, the fun starts in a transaction with the buyer's inspections. If the property has a well and septic system, the inspections are generally expensive and a bit more complicated. Recently, a buyer had agreed to pay for the septic inspection for a Las Vegas house built in the 1980's. The septic tank was located with the Continue Reading
Homeowners Bill of Rights
I had the opportunity to hear Robert Noggle, Esq. speak yesterday about the new HOBR legislation. He helped clear up a misconception that was pervasive and being mistakenly sold to the public at large. This misconception is that the banks can't ask for an "Arms Length" affidavit in a short sale. The banks can and likely will continue to require this document. That means that the borrower can't Continue Reading
Our Inventory is Growing
OUR INVENTORY IS GROWING We have seen an increase in available homes over the last 90 days. We were at 3512 available homes then and we are now over 6,000. That means that buyers will now find it a bit easier to find their perfect home and less competition to buy it. This is still a small number for our market. Does this mean we will see a big dip in prices? I don't think so, because we have Continue Reading
Where are the homes?
WHERE ARE THE HOMES? The inventory of available homes here in Southern Nevada has been hovering around 4,000 for many months now. Buyers are wondering where all the homes are so they can buy again. The theory is that the "banks" are sitting on a lot of homes and they are going to release them soon. My colleagues and I don't believe the banks will release a lot of Vegas houses here. We don't Continue Reading
Las Vegas “most undervalued home market in U.S”
The national press is catching on! http://www.reviewjournal.com/business/housing/las-vegas-seen-most-undervalued-home-market-us Continue Reading
Appraisals are coming in again!
APPRAISALS ARE COMING IN AGAIN You may remember my rant some time a go about appraisals hindering the ability of regular home owners to purchase a home. Well, don't let it be said that I don't give credit where credit is due. We are seeing appraisers do their job properly and allowing values to increase so regular home buyers can buy again. There is still the odd exception, but generally we are Continue Reading
Blankfeld Group Ranks 8th in Las Vegas for 2012!!
We are very proud of our team partners and staff for a successful 2012 where we ranked 8th in the Las Vegas Valley for 2012 as reported by the Las Vegas Business Press. Business Press 2012 Top Agents Las Vegas. We also placed in top 100 in the country within the Prudential Network and won a bunch of awards at the Prudential Americana General Sales Event Last Month! We are looking forward to an Continue Reading
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