Tuesday, October 13, 2015
Consider It Sold Las Vegas: The single escrow company closing system in Nevada...
Consider It Sold Las Vegas: The single escrow company closing system in Nevada...: I have lived in a few different states and worked as real estate agent and purchased property for myself in Nevada and in Minnesota. The...
Monday, October 12, 2015
The importance of clean house and seller cooperation when listing your home
Have your house cleaned as if it were a villa you were renting on the beach for $5000 a week in Mexico.
We all have different standards of what we consider clean or
dirty in our homes. However, when you
are selling you want to clean it as if it was going to be your personal beach
front villa that you are paying $5000 a week to enjoy. This is what people expect when they walk
into your home. Buying a home is the
biggest purchase in most people’s lives and often the very most important to
their family. Imagine your
disappointment if you walked into your villa with great expectations and you
found cob webs on the light fixtures and finger prints on the walls? Imagine how you would feel if the house had a
funny smell or smell of smoke. If you
want to be the first on the list for buyers then you need to have your house as
clean and as neat as possible. The
quickest way to get a lower price for you home it so have it dirty and messy,
the next quickest way assure a lower price is to turn down showings regardless
of the inconvenience they may cause. The
sooner you get in the right buyer who wants to purchase your home the sooner you
will be able to stop showing it. An
uncooperative seller, when it comes to showings, can ruin any chances of
getting top dollar. Buyers have choices
today. They want the cleanest house and
they want to be able to see the house when they are ready to buy. If a buyer is working with a good real estate
agent they will be ready to buy the day they see your home and if they don’t
get to see it they are likely to have purchased something else by the time you
decided it is convenient to let them
in for a showing.
Chris LaHaie, MBA
Realtor
Las Vegas., Nv
Consider It Sold Las Vegas: Why Price Reductions Make More Sense than Waiting....
Consider It Sold Las Vegas: Why Price Reductions Make More Sense than Waiting....: Why Price Reductions Make More Sense than Waiting. The market likely will never catch up to the price you are hoping to get for yo...
Chris LaHaie Realtor
Chrislahaierealestate@gmail.com
Chris LaHaie Realtor
Chrislahaierealestate@gmail.com
Consider It Sold Las Vegas: Southern Highlands Las Vegas Listing Coming Soon!
Consider It Sold Las Vegas: Southern Highlands Las Vegas Listing Coming Soon!: Coming Soon To the Market Gorgeous Southern Highlands living!!This home is a gem, beautiful floor plan with great room and wet bar in th...
Sellers's Market in Las Vegas even thought prices have been leveling off
Las Vegas real estate is still in a sellers market and it likely will be for some time. However, the prices of real estate have started to level off. The 10% and 15% gains seen in the past few years are not longer the norm. Prices now are predicted to stay fairly stable except in a few prime areas. Even in these areas the price increases are going to be much smaller. The inventory that is on the market today is tending to stay on the market longer and it is is need of greater price reductions. This market will eliminate just about anyone that has no motivation to sell and that was just looking for getting the highest price possible. As the inventory has increased, buyers have many more choices, even though we are still considered a sellers market, prices are not much higher this year than they were last year. It is still a good time to sell because the inventory levels are still low compared to average but they are not excessively low as they have been in the past.
Consider It Sold Las Vegas: Southern Highlands Las Vegas Listing Coming Soon!
Consider It Sold Las Vegas: Southern Highlands Las Vegas Listing Coming Soon!: Coming Soon To the Market Gorgeous Southern Highlands living!!This home is a gem, beautiful floor plan with great room and wet bar in th...
Wednesday, October 31, 2012
Short Sales have become Las Vegas Standard
Short sales have quickly become the method of selling a home in Las Vegas. This is for a number of reasons and the main reason is because of necessity. With so many home owners in Las Vegas owning far more than their home is worth, there often seems to be no other way to keep the real estate market alive. It can be said that this is a good deal for home owners but it really is just a way to move on with life. As people have begun to realize Las Vegas Real Estate is not going recover quickly, if ever, they have decided it may be better to get out from under their mortgage debt now. Of course the government has added an incentive to this by creating the mortgage debt relief act but that will soon be over and people will be left to other devices to figure out how to deal with their outstanding mortgage debt.
It is a given that the IRS wants to get their share of every one's pie and when people face crisis, such as short sale or foreclosure, the IRS still thinks that is a blessing for you because you have had debt relief. They failed to understand that most of the time hardship is the reason for people having to leave their home or be evicted. But the often unknown fact is that any amount of debt that is reduced, the borrower has to report that as income on their tax forms.
During the recent real estate and housing meltdown, the government decided to give people a break on this so called "income". They Mortgage Debt Relief Act was created and will be ending as of December 31, 2012. Right now the debt relief home owners receive is not considered taxable because of this law. It was only a temporary law that was to be phased out. Most people had no idea that the real estate crisis would be so long nor did they think the economy would be so bad this far into the crisis. However, Las Vegas is still in the very deepest part of the housing crisis and still over 70% of home owners are underwater. This has created a void of inventory and with out the short sale option, real estate business would have been ground to an absolute halt. This relief act was really just another form of government stimulus to give some lift to the economy.
Las Vegas would be in even worse condition if there were no short sales. It would mean no inventory and absolutely no business for Realtors. Unfortunately the desperation of Realtors and Real Estate companies has often pushed people into short sales when it really many not be the best option. This will prove to be even more the case after the first of the year as Realtors will push for business. Already realty company executives are lobbying the government and Presidential candidates to keep the debt relief act in effect in order to keep the real estate business afloat.
I suspect there might be a conspiracy between the banks and the government that will rear it's ugly head after the election. It will be the perfect opportunity for banks to put their REO property back on the market and command premium prices because their will be no competition. The inventory could easily shift back to 70% bank owned homes as people figure out they can not afford the tax bill that comes with a short sale. There will be no options for sellers unless they are insolvent. See www.consideritsoldlasvegas.com for an article that discusses the insolvency issue and how to figure out if you may qualify.
It is a given that the IRS wants to get their share of every one's pie and when people face crisis, such as short sale or foreclosure, the IRS still thinks that is a blessing for you because you have had debt relief. They failed to understand that most of the time hardship is the reason for people having to leave their home or be evicted. But the often unknown fact is that any amount of debt that is reduced, the borrower has to report that as income on their tax forms.
During the recent real estate and housing meltdown, the government decided to give people a break on this so called "income". They Mortgage Debt Relief Act was created and will be ending as of December 31, 2012. Right now the debt relief home owners receive is not considered taxable because of this law. It was only a temporary law that was to be phased out. Most people had no idea that the real estate crisis would be so long nor did they think the economy would be so bad this far into the crisis. However, Las Vegas is still in the very deepest part of the housing crisis and still over 70% of home owners are underwater. This has created a void of inventory and with out the short sale option, real estate business would have been ground to an absolute halt. This relief act was really just another form of government stimulus to give some lift to the economy.
Las Vegas would be in even worse condition if there were no short sales. It would mean no inventory and absolutely no business for Realtors. Unfortunately the desperation of Realtors and Real Estate companies has often pushed people into short sales when it really many not be the best option. This will prove to be even more the case after the first of the year as Realtors will push for business. Already realty company executives are lobbying the government and Presidential candidates to keep the debt relief act in effect in order to keep the real estate business afloat.
I suspect there might be a conspiracy between the banks and the government that will rear it's ugly head after the election. It will be the perfect opportunity for banks to put their REO property back on the market and command premium prices because their will be no competition. The inventory could easily shift back to 70% bank owned homes as people figure out they can not afford the tax bill that comes with a short sale. There will be no options for sellers unless they are insolvent. See www.consideritsoldlasvegas.com for an article that discusses the insolvency issue and how to figure out if you may qualify.
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