WILL YOU BE KICKING YOURSELF 5 YEARS FROM NOW FOR NOT BUYING A HOME? I remember the days in 2003, 2004 and 2005 when buyers were all saying, "I wish I would have bought in 2000". Now we all know that the market got extremely overheated and prices went nuts. I'm not hoping for that market again, but I am seeing signs of improvement in our market and I wonder if we aren't at a point when in 4-5 Continue Reading
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How long can I stay in my home?
HOW LONG CAN I STAY IN MY HOME? I'm often asked this question when listing a client's home as a short sale. With all of the changes taking place in the short sale market, it's difficult to have a set answer. The answer these days is less time than it was even a a few months ago. The bank that holds the mortgage wants the seller to stay in the home right up until close of escrow. Once we list a Continue Reading
Are appraisers helping investors?
ARE APPRAISERS HELPING INVESTORS? I know that I tend to beat up appraisers so let me preface this post by saying that I know some very fine and professional appraisers that don't deserve my comments. That being said, I need to relay a story that happens all too often. An FHA buyer submitted and had accepted an offer on a beautiful one story home in Summerlin. His offer was equal to the last Continue Reading
Las Vegas Real Estate Market Update April 2012
LAS VEGAS REAL ESTATE MARKET UPDATE APRIL 2012 Have you ever heard the saying "If you don't like the weather, wait a minute." Well, that applies to our real estate market too. The most recent development surrounds our current inventory. As of this moment we have 5,474 single family homes available in our entire multiple list. We have 13,113 single family homes in escrow. We have closed 3,195 Continue Reading
Blankfeld Group Rocks Prudential Americana General Sales Event
BROWN BLANKFELD GROUP ROCKS PRUDENTIAL AMERICANA GENERAL SALES EVENT Today, the Blankfeld Group was honored at the Prudential Americana Group, REALTORS® General Sales Event held at Aria in City Center for our outstanding accomplishments in 2011. Check out the press release here by clicking here! Shelley, Harvey and the entire team would like to express our heartfelt appreciation to all our Continue Reading
Will The New Legislation Put A Freeze on Foreclosures?
WILL THE NEW LEGISLATION PUT A FREEZE ON FORECLOSURES? We have all heard the doom and gloom being espoused about AB284. The legislation in general terms increases the responsibilities of the foreclosing entities. It asks them to provide a sworn affidavit and other elements with the intention of preventing incorrect and illegal foreclosures. The banks pushed back hard against this bill, but to Continue Reading
What Should I Do With A Low Offer On My Short Sale Listing?
WHAT SHOULD I DO WITH A LOW OFFER ON MY SHORT SALE LISTING? Short sales are unique in a lot of ways. One way they aren't unique here in Las Vegas is that the bank holding the lien will want fair market value for the home. The lien holder will recognize that they need to offer some discount for the inconvenience, but that discount is usually in the form of buyer closing costs or a couple of Continue Reading
What About This Market?
WHAT ABOUT THIS MARKET? I truly enjoy my work. I enjoy getting my sellers the highest possible check at close of escrow and I enjoy finding my buyers a great home and getting them a great deal. I also enjoy talking about my work. Whenever anyone finds out that I'm a Realtor, they invariably have questions for me. They usually are curious about the real estate market in general and will ask Continue Reading
Convergence
CONVERGENCE As you may remember from previous Newsletters, I enjoy the outdoors and walk daily. I trek down the same trail each day never getting bored with the scenery and apparent safety of the route. The routine adds a sense of security and solitude, creating a mental atmosphere that is conducive to my wandering thoughts that seem more significant and worldly wise than they really are. Today I Continue Reading
Blankfeld Named to Wall Street Journal’s “The Thousand”
Dear Blankfeld Group, On behalf of Prudential Real Estate and Relocation Services, I want to congratulate you on being named to "The Thousand," the Wall Street Journal/REAL Trends report of America’s top real estate agents and teams. Reaching this exclusive list is an incredible honor and reflects your passion, skill, discipline and creativity. As impressive, you are recognized for achievements Continue Reading
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