Las Vegas Homes MLS Search Blog

    We have clients contact us all the time regarding foreclosures and only want to look at bank owned properties. When we ask them why they only want to look at foreclosures most clients say “because we want to get a good deal and that’s where all the good deals are”. We thought you mite like a little insight on how the banks that own these foreclosed properties figure out their listing price and how they sell these properties. The banks learned many years ago that the most effective way to sell a property is to list it with a realtor on the MLS or multiple listing service. All of the listing information that you see on the real estate websites on the internet is taken from the MLS. The advertising and exposure are second to none so this is the preferred

785 Views, 0 Comments

Most clients are not aware of the difference between a "buyer's agent" and a "seller's agent". The traditional seller's agent represents the seller and specializes in listing properties. The seller's agent signs a contract or listing agreement and has the responsibility to get the seller the most money possible for the property. If you, as a buyer, call the phone number on a listing sign and ask to see the property, there are a few things you should be aware of. First of all, if you meet the listing agent by yourself at the property, you should know that this agent represents the seller, not you. It is legal for the agent to work with you directly but they must disclose to you that they have a conflict of interest and it must be in writing. A lot of

699 Views, 0 Comments

Foreclosures are by far the most requested properties that our clients want to see. These bank owned properties can be real steals as long as you educate yourself and realize that a low price is great but should not be your only concern. Most of the time, “you get what you pay for”. If there are several bank owned homes in an area that you are interested in, go through all of them. Many of these will need major repairs and many won’t. You may actually get a better deal on a home that is priced  higher but has no major damage and is in “move in” condition. Not everyone can spend the time and money needed to fix up a home. Take your time and look at all your options before you decide on the best value for your money. The timing is great during the holidays

784 Views, 0 Comments

 As we go into the holiday season, there is an opportunity for home buyers in Las Vegas real estate market. December has always been the slowest month for home sales here and it looks like this December will be more of the same. We are already seeing a slow down in home showings which is normal for the week before Thanksgiving. If you are already approved for a loan or plan on paying cash, now would be a great time to put in an offer. It is nothing more than the supply and demand principle. The supply is high and the demand is lower over the next 6 weeks. Here are a few tips that could save you thousands.

  1. Have your real estate agent email you all recent comparable sales in the subdivision of the home you are interested in. Comparables need to be

489 Views, 0 Comments

Why do our clients choose to work with us?

 There are a lot of choices in today’s market and probably the most important decision is picking the right company to represent your best interests. Many of our clients give us feedback and the number one reason is experience in the Las Vegas market. Most clients want a Realtor that is full time and knows the market well. Las Vegas is still at the top in foreclosures around the nation. The reason is because we were the fastest growing city in the nation for many years and the investors saw Las Vegas as the place to buy. A large percentage of the investors bought homes with little or no money down and when the bottom fell out, and they could not sell, they walked away. The banks had to foreclose and much to

546 Views, 0 Comments

 With all the reality shows on cable now regarding buying homes that need repairs and flipping them for a profit, I thought you mite like some advice. As a real estate broker that has been involved in the Las Vegas real estate market for over 20 years, I have seen the peaks and valleys of this market. Indicators tell us to look for more foreclosures to come on the market for 2016 and 2017 and many of these properties will be potential flips. The best flips will be the ones that need major repairs or the home has been stripped or damaged to reduce the value substantially. Just to let you know, these properties would need to be purchased in cash because a lender will not loan money on a home that will not appraise. A lot of the banks will sell these homes

550 Views, 0 Comments

What about Open Houses

 

 This question comes up quite often regarding the best way to market a property. A lot of clients think that is an effective way to get potential buyers to tour you home. Several of the Las Vegas reality TV shows are doing open houses and claim the homes are selling quickly with this method. This makes for interesting television but it is not really the case. The real truth is this: open houses are done mostly to generate leads for the real estate agent and are a very ineffective way to sell a home. This is well known in the real estate industry but not discussed much with clients. I read an article in a trade magazine recently that compared an open house to taking your car to a busy intersection, putting for sale signs and

558 Views, 0 Comments

Home Staging, is it worth it? 

 

Staging your home can really help the sale and can make the difference between a buyer wanting to make an offer or just moving on to the next property. A lot of buyers can not visualize what a home would look like furnished so they do not see themselves living in the space. There is a real knack to staging so if you are not very artistic or you don’t enjoy interior decorating, you may want to hire a professional stager. I will warn you upfront, stagers can be pricy. If the home is vacant, the stager can decorate to compliment the architecture of the home. A good example would be walking into a model home that has been professionally decorated. It is much easier to sell than if it was vacant. Here are a few tips I

515 Views, 0 Comments

Am I getting a good deal?

 

 

 When first time home buyers start their search, they are concerned that they may miss something. No one wants to find out that they paid too much for their home or that they did not shop around enough. Buying a home is probably the single most important and expensive purchase that most people will make in their lives. Not everyone has the same wants and needs. A good agent is a good listener and lets the client pick the criteria that fits their lifestyle. If the area of town is the main focus then that is where you should concentrate your search. We encourage our clients to look at all the homes in their price range and area of town. It is similar to the saying “leave no stone unturned”. This strategy helps the

686 Views, 0 Comments

How to check the property condition

You found the home that you really like. It is in the preferred school district for the kids and within 10 minutes from work. The back yard is large enough for your two dogs and room to ad the pool that you have always dreamed about. After three days of negotiating, your offer is accepted and escrow will be opened tomorrow. How can you, as the buyer, be certain that this home is structurally sound and in good mechanical condition? Most real estate contracts in Nevada have a due- diligence period. 10 days due- diligence is very common. This means that the seller is agreeing to let the buyer check the property and if there are any issues , the buyer can exercise their right to cancel the contract and have all earnest

618 Views, 0 Comments