FEBRUARY MARKET CONDITIONS Available inventory remains stable in the market. Prices remain stable for listings under $200,000. Listings above that are still experiencing some small drops. Short sales dominate our market but traditional sellers are making up a bigger portion of our current inventory than we've seen in recent years. We've seen some small improvement in appraisals where the Continue Reading
real estate - Page 28
What A Great Way To Wrap Up 2010!
WHAT A GREAT WAY TO WRAP UP 2010! Since the Blankfeld Group has been a team, we have celebrated the end of the year with a holiday party filled w/ fun, food, jokes & much more! This year Harvey invited us to join him on a Mexican Riviera cruise that ported in Santa Barbara, CA, Ensenada, MX and then ended w/ a very exciting day at sea. All of us at the Blankfeld Group worked especially hard Continue Reading
The “Short Sale & “Foreclosure” Bubble
THE "SHORT SALE & FORECLOSURE" BUBBLE I’m writing to let everyone know it might be the right time to let the bubble burst. Open your search for the “American Dream” and consider a new home. Most builders struggle in the end of the year to “make the numbers.” This means getting rid of their inventory homes and getting them off the books. Quite a bit of builders will be giving some great Continue Reading
Website Enhancements
Check out the latest enhancements to our website including direct links to all our preferred partners including filing a claim on your HSA Home Warranty. You can now also look up your closest post office and other services with the added links on our "Important Links" and "Relocating to Southern Nevada" Pages as well as find other new and useful information. Continue Reading
Short Sale Appraisals
SHORT SALE APPRAISALS We are seeing a recurring issue in trying to close deals when there is a third party approval required (Short Sale). The lender (servicer, investor, MI company, etc) is countering the offer with an inflated value on the property. When we challenge the counter by pointing out that the comparable properties don't support their inflated counter offer the lender invariably Continue Reading
A Testimonial From A Referring Agent
Subject:Las Vegas Realtor Dear Willa – I saw your message in today’s ePro email regarding a buyer for Las Vegas. I referred one of my buyers to Harvey Blankfeld, CRS, ABR. He’s with Prudential Americana and his team is the Blankfeld Group. His phone number is 702-203-1165. His email is Harvey@BrownBlankfeld.com. My client loved Harvey and is very happy with the purchase she made in Las Continue Reading
If I choose Bankruptcy, does that mean I should not consider a Short Sale ?
IF I CHOOSE BANKRUPTCY, DOES THAT MEAN I SHOULDN'T CONSIDER A SHORT SALE? While I believe this a question for someone's attorney, I believe that the answer is very often going to be yes. I have lately been listing homes for clients that have come out of bankruptcy and decided to sell their homes through a short sale. The reasons vary but mainly they came to the conclusion with the advice of Continue Reading
October Market Conditions
OCTOBER MARKET CONDITIONS Inventory is increasing due to a growing number of REO's (Foreclosures) in our market. Activity has fallen off since the tax credit has expired. Las Vegas home prices are holding steady but we believe that prices may fall over the next several months. This is because inventory continues to grow and activity continues to decrease as heading to the holiday season. Short Continue Reading
Old Fashioned Real Estate Sales
OLD FASHIONED REAL ESTATE SALES I am between visitors at an open house. I am reminded that Real Estate is still a service industry. As Realtors we must remember that just because it's a short sale or an REO doesn't mean we should give any less service. I attended a Town Hall meeting recently and people are very concerned about selling their homes in this market. They have been besieged with all Continue Reading
HAFA “Guidelines”
HAFA "GUIDELINES" Please remember that HAFA is a comprensive set of "Guidelines". It is not law. The guidelines are not intended to be a one size fits all either. Each servicer (bank, lender) is currently employing their own version of HAFA. Some have not implemented their own guidlines yet and some are well down the road already. The important facts to remember as a homeowner are that HAFA: Continue Reading