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
downward market - Page 2
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
September Market Conditions
SEPTEMBER MARKET CONDITIONS Here are September's market conditions for our Las Vegas market. Inventory is increasing slightly. Prices remain stable. Short sales continue to dominate the market. We expect inventory to continue to grow as demand has decreased somewhat. Stay tuned with us and get the latest updates on the Las Vegas housing situation. Continue Reading
August Market Conditions
AUGUST MARKET CONDITIONS Here are your August Market Conditions. Inventory is slightly increasing in the market. Activity is also slightly off since the tax credit incentive expired. Short Sales continue to dominate our market. Continue Reading
Short Sale Alphabet Soup
SHORT SALE ALPHABET SOUP As a Realtor that takes pride in personal development, I find it important to continually get educated. I have recently taken a number of very comprehensive courses related to Short Sales and I find my head spinning with all of the various acronyms and other abbreviations. Consumers are hearing about HAMP, HAFA, FNMA(fannie mae), FDMC(freddie mac), REO, Prom Note, etc. Continue Reading
Professionalism in Short Sales
Years ago, when the world was in balance and real estate agents were in step with each other, an offer was written for a client and then presented to the seller. The offer was either accepted, rejected, or countered in a timely manner. Everyone knew what was going on and the clients viewed the agents as professional, responsive, and knowledgeable. Now that banks control a large portion of our Continue Reading
The Homeowner and The Big Bank: A Loan Modification Fable
A fable according to Webster's Dictionary is “a fictitious story meant to teach a moral lesson". Aesop is the best known fable writer and most of us are familiar with his stories such as "The Tortoise and The Hare". A lesser known fable is "The Wolf and The Crane". For the purpose of my fable, the leading roles will be played by The Homeowner (the Crane) and The Big Bad Bank (the Wolf). The Continue Reading
Short Sales are Long In The Tooth! Here’s Why.
My mother was a teacher. She always made sure her children did their homework every night- NO EXCUSES! However, I do remember kids who never had their homework done and always had some sort of an excuse such as "I couldn't find a pencil", "No one at home would help me", etc. It was never believed or tolerated by any savvy teacher. The teacher was in control, not the students. We are in an era Continue Reading
The Real Estate Downturn: Where Do We Go From Here?
It is amazing that such a tough year for real estate actually flew by in the blink of an eye (with a tear in it, though)! Now it's 2010 and we all wonder what is in store for buyers, sellers, banks, and lenders. In uncertain times, those that maintain a steady course are the survivors. Real estate agents have been weeded out by natural selection of the finest and fittest. Staying on top of new Continue Reading
Where Appraisals Stand in Our Downward Market At the Moment
Where Appraisals Stand in Our Downward Market At the Moment I really have a genuine empathy for appraisers. We know that there job is difficult and tedious. I also know that they are currently faced with great challenges. The currently downward market presents a challenge that seems to be insurmountable. When given the task of appraising a home that is currently occupied and in good or great Continue Reading