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Certainly a Very Busy Week in Las Vegas Real Estate As mentioned in my Last post, Las Vegas Short Sale Sellers Beware concerning the increase in available inventory, prices were sure to be cut. Things got a little slow, we took a little breather and then Las Vegas home prices were cut. We cut prices on a couple of our Las Vegas homes for sale and had immediate action with multiple phone calls and buyers putting in offers. A quick Las Vegas inventory Report: On the Las Vegas MLS for sale for S... Read Full Post

Short Sales Dominate Available Las Vegas Homes for Sale The Las Vegas Homes available for sale inventory continues to trend upwards according to a recent article in Fox 5 News. Vacant Homes on Rise as More Owners Want Out - Fox5Vegas - 10/01/2010 LAS VEGAS -- The number of short sales has surged in southern Nevada, as homeowners have all but given up on getting any return for their investment during the housing boom. Read Full Story Here According to a report by Applied Analysis, Homes availa... Read Full Post

Paul Francis, REALTOR | Prudential Americana Group, REALTORS | (702) 592-3058 | Summerlin Real Estate In Summerlin, Las Vegas, NV Summerlin Pool Home for Sale in The Vistas Village. 4BR/2+1BA Single Family House offered at $425,000 Year Built 1997 Sq Footage 3,332 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 3 Car garage Lot Size 10,019 sqft HOA/Maint $70 per month DESCRIPTION Call Summerlin Specialist Paul Francis @ 702.592.3058 for more information. Gorgeous Summerlin Pool/Spa Ho... Read Full Post

Managing the Las Vegas Foreclosure Tsunami One of the most effective ways of helping Las Vegas Home Owners move on from the bad experiment of rubber stamping loans to anybody who applied which artificially raised Las Vegas home values are Las Vegas Short Sales. The Seller needs to sell, they owe more on the mortgage then the home is worth and they need to move on in life. The sooner they move on... the sooner we all move on and return to a truly sustainable Las Vegas real estate market. Not o... Read Full Post

Las Vegas Short Sales Have Come a Long Way It seems like yesterday when I wrote the post Las Vegas Short Sales and Dealing with Lenders which was over two years ago. Several Las Vegas Short Sales listed and closed later, many things have changed but the basic principles are still the same: Home Sellers need a True Hardship. The Majority of the Las Vegas Short Sales that you may hear about not getting an approval and closing are because the Las Vegas Home owner / seller really did not have a t... Read Full Post

I just wanted to see if I could post a Youtube video to a REW blog since it's been quite some time. Thought I would post something inspirational for people a little lost while I was at it... We are all exceptional at something. ;) Read Full Post

Summerlin Neighborhood Snapshot Are prices for these homes flexible? That was a recent question asked from a buyer I'm working with in purchasing Las Vegas Real Estate. As provided to the client, The Quick snapshot of recent closings for Summerlin Homes in the $250,000 to $300,000 range to the right shows what is currently taking place. Take a look at the Days on Market (DOM) for these Summerlin Homes and you'll notice the recent trend. The ones that were available for sale for the shortest a... Read Full Post

Homeowners Facing Foreclosure Beware Apparently there could be situations that legally allow your lender to automatically drain your bank account if your home loan and bank account are with the same financial institution. Click on the following Link to see what happened to one Tempe, Arizona REALTOR in financial distress and facing foreclosure: Wells Fargo Drains Bank Account of a Homeowner facing Foreclosure According to a statement from Wells Fargo... Federal and State Laws allow this "comm... Read Full Post

Seperating the Pros from the Amateurs in Real Estate... This current real estate market can all be summed up with this statement from one of the great real estate investors of all time, Sam Zell. "First you Have the Investors, Then You have the Imitators and Then you Have the Idiots". Sam tells you like it is and he expects his employees to do the same. They don't kiss butt like some other TV hound hogs wanting to tell the world how great real estate is to always buy and that it always goes u... Read Full Post

Changes in Las Vegas Real Estate 2001. Just to give you a recap of what happened that year, the United States was in a recession. The stock market had taken a big hit with the Dot.com bust in 2000. I watched my stocks sink like the Titanic with the hope that it was something only temporary and that some lifeboats would magically appear and rescue them from the Abysss. Yep... I lost a lot of money following stock picks from the so called experts in the name of Money Magazine, Smart Money, AOL ... Read Full Post