Reolocation Las Vegas and Henderson Nevada Properties For Sale Short Sale Foreclosure Specialist
Short Sale Foreclosure Resource (SFR) Certification
La Shelle Washington | Direct: 702-812-5021 | Office: 702-432-4600 | Email: lashelle@windermere.com | www.LashelleSellsLasVegas.com
Create an Account
Creating an Account allows you greater access to additional home search features. Click Login below to begin.
Click Here to Log In
LAS VEGAS FIRST TIME HOME BUYER AUCTION
Posted on April 8, 2010
An upcoming Real Estate Auction may be the perfect opportunity for Las Vegas Area First Time Home Buyers.
Unlike most Auctions where investors constantly outbid "owner occupiers", this first of it's kind event is specifically designed for "First Time Home Buyers" (people who have not owned a home in the past three years).
Over 75 Freddie Mac Bank Owned Homes will be Auctioned on April 24, 2010. Further, buyers using Down Payment Assistant Programs or NSP (Neighborhood Stabilization Programs) will have properties set aside especially for them! Buyer's using these programs can only bid up to 99% of a home's appraised value.
This Auction will operate as all Auctions do: Highest Bidder Wins! The successful bidder will also be charged a 3% Buyer's Premium (down from the customary 5%). But that's where the similarities end! All of the homes included have been inspected and appraised. The wining bidders will receive a 3.5% closing cost credit from Freddie Mac and the homes are eligible for all types of financing (VA, FHA and Conventional). All buyer's must be "Pre-Approved" with a Direct Lender. There will be lenders on site and buyers will be able to compare rates and terms.The homes are available for inspection on the two weekends prior to the Auction and by appointment with your favorite Realtor (hopefully me!). The successful bidders must deposit $1,000.00 Earnest Money and will have up to 60 days to close.
More good news: These homes will qualify for the $8000.00 
Home buyers Tax Credit.
Home buyers Tax Credit.With home affordability being at an all time high-there has never been a better time to become a homeowner. Contact me at www.LashelleSellsLasVegas.com
1 Comment : Author: La Shelle Washington
WHAT IS EARNEST MONEY? HOW DO I GET IT BACK IF THERE IS A DISPUTE?
Posted on January 19, 2010
Well, earnest money is the money you would put down to demonstrate your seriousness about buying that home. In order to prove your seriousness the earnest money must be large enough to demonstrate good faith and is usually between 1-5% of the purchase price (though the amount can vary with local customs and conditions).
- If your offer is accepted, the earnest money becomes part of your down payment or closing costs
- If the offer is rejected, your money is returned to you
- If you back out of a deal, you may forfeit the entire amount
- If either party refuses to execute the nessecary documents required to release the earnest money (See NRS645a.175 3.(a) very interesting )
*** NRS 645A.175 Duty to execute documents necessary to release money deposited in escrow; exception for good faith disputes; recovery of damages for failure to execute; award of attorney’s fees.
1. Except as otherwise provided in subsection 2 or in the escrow agreement between the parties and the holder of the escrow, upon the close of an escrow for the sale of real property or on the date the escrow is scheduled to close if it has not closed, each party shall execute the documents necessary to release the money deposited in the escrow.
2. A party may refuse to execute a document necessary to release the money deposited in the escrow only if a good faith dispute exists concerning that money.
3. Except as otherwise provided in NRS 645.8701 to 645.8811, inclusive, if a party refuses to execute a document necessary to release the money deposited in the escrow within 30 days after the holder of the escrow makes a written request for the execution, the party injured by the failure of the other party to execute the document may collect from that party:
(a) Actual damages of not less than $100 nor more than 1 percent of the purchase price of the real property for which the money was deposited in the escrow, whichever is greater;
(b) The money deposited in the escrow which was not held to resolve a good faith dispute concerning the sale of the property; and
(c) A reasonable attorney’s fee.
(Added to NRS by 1995, 1527; A 1999, 1180)
The Phone Every Real Estate Agent Should Buy!
Posted on October 5, 2009
MY PERSONAL RECOMMENDATION, THE HTC PRO2 (Watch the Video)
The HTC PRO 2 is possibly the most highly anticipated Windows Mobile device of all time. It marks the return of the tilting screen made popular by the HTC TyTN II (and its many variants such as the AT&T Tilt), plus the debut of some new technologies out of HTC that should very much appease the Windermere Real Estate professional. Introducing the HTC Touch Pro2. Form meets function. They tilt. A smart design, a speedy connection, and a big, bright touch screen that tilts. This is the smartphone you've been waiting for. The Touch Pro2's commanding design offers a 3.6 vibrant tilting touch screen. Slide out your screen to reveal a full-size keyboard to make email and texting faster.
The Touch Pro2 offers seamless integrated features that enable you to stay connected, informed, and in control with one touch. Put people at the center of your communication access all their calls, SMS, emails, and even status updates right from their contact card. Windows Mobile lets you manage your Word, Excel, and PowerPoint documents on the go. With
HTC's Straight Talk, you can turn your device into a professional quality speakerphone by the simple act of flipping it over.
It's not all business with the Touch Pro2 with instant access to YouTube videos and the ability to take and send video and pictures with a 3.2 megapixel camera, you'll find endless entertainment.
WHY WASN'T MY OFFER ON A BANK OWNED PROPERTY ACCEPTED?
Posted on September 8, 2009
Well, in a nut shell-you were "out-bid". Bank owned listings are now just like going to an auction. When you sit down with your Realtor to write that offer, imagine being in a stuffy ball room, with crazy guys running up and down the isles pointing and screaming to everyone , EXCEPT YOU.
The competion has gotten so intense, your BANK PRE-APPROVAL is no longer your guarantee to getting your offer accepted. EVERYBODY has ONE I recently wrote four offers for three clients (two over the asking price) and NONE of them were accepted. Why? We were rejected in favor of CASH OFFERS.
Even the CASH OFFERS I wrote were rejected. Some investors think because their offer is CASH with a quick close, it will trump the other offers. What you need to understand is that BANKS typically can't close in 5-10 days, so it makes no difference to them. There's a reason BANKS price these properties " UNDER MARKET". They do it to create this frenzy, generate multiple offers, and have the listing agents utter those now infamous words: " WE HAVE RECEIVED MULTIPLE OFFERS AND THE BANK WOULD LIKE YOU TO SUBMIT YOUR HIGHEST AND BEST, OR BEST AND FINAL OFFER". Translation: We are now at an auction and the highest bidder will be ushered back into that pretty room with the coffee,doughnuts and potted plants, away from the madness. As the winner of the auction, you will be treated with respect, as you are told there are NO CONTINGENCIES to your offer, and of course you have purchased AS-IS,WHERE-IS.
Even the CASH OFFERS I wrote were rejected. Some investors think because their offer is CASH with a quick close, it will trump the other offers. What you need to understand is that BANKS typically can't close in 5-10 days, so it makes no difference to them. There's a reason BANKS price these properties " UNDER MARKET". They do it to create this frenzy, generate multiple offers, and have the listing agents utter those now infamous words: " WE HAVE RECEIVED MULTIPLE OFFERS AND THE BANK WOULD LIKE YOU TO SUBMIT YOUR HIGHEST AND BEST, OR BEST AND FINAL OFFER". Translation: We are now at an auction and the highest bidder will be ushered back into that pretty room with the coffee,doughnuts and potted plants, away from the madness. As the winner of the auction, you will be treated with respect, as you are told there are NO CONTINGENCIES to your offer, and of course you have purchased AS-IS,WHERE-IS.
There are occasions where Banks are still paying part of the buyer's closing costs, and doing some repairs (or crediting the buyer the cost of repairs). Banks, in all fairness 
are doing what any seller would do: Trying to get the best possible price for their investment.
are doing what any seller would do: Trying to get the best possible price for their investment. If you don't want to play Auction, don't get emotionally attached to the property. If it's priced $20,000 below the comparables, and in reasonably good condition, be prepared to pay $20,000 over the asking price. Pick out 4 or 5 properties that you will be equally happy with. That way, if you've made your best offer, and still are not successful, you can move on to the next with no bad feelings. Listen to the advise of your Realtor, they want to sell the property as much as you want to buy it. Right now, it's a jungle out there. So get the bullets in your rife and go hunting! Remember, the one that comes closest to the target wins!
2 Comments : Author: La Shelle Washington
Google Analytics - Must Have!!!
Posted on August 31, 2009
Looking for analytics to track data on your website?
All that a Windermere Platinum website user needs to do is create an account in Google, sign up for Google Analytics and paste a snippet of code into an appropriate field in your admin center. This is very easy to do…just go to http://www.google.com/analytics/ and if you already have a Google account for some reason, just use it. If not just follow the steps for creating an account and you are on your way.
Once you have created an account, you can then sign up for Google Analytics. Just a few more steps…and you will be done!
Once signed up a small snippet of code wil be displayed. You will need to copy the account number within this script of code and insert it into the appropriate place in your admin center…which will activate it.
[NOTE: Your Windermere Platinum Website has provided a manual to walk you through this whole process. Go into your admin center>website>website statistics>Google Analytics. Also take note of the field where you will paste in your Google Analytics account number. Then click the "Update Analytics" button and you are good to go.]
After this process is completed, you will be able to log into your Google Analytics account from any Web browser and see up-to-the-minute real time statistics on everything you could ever want to know about your site visitors and their behavior. All kinds of charts and graphs and information.
This powerful Web-based statistics package was once a stand alone product and cost $100’s/month before Google bought it awhile back, and now makes it available to anyone for free.
Website statistics are highly useful if you have the ability to a) understand what they are saying about your site’s ability or lack of ability to convert visitors to clients, and b) they can be used to help create a strategic plan of action.
New Life for $8,000 First Time Buyer's Credit
Posted on August 26, 2009
There is hope for a revamping and extension of the Home Buyer's Tax Credit economic stimulas bill President Obama signed last year. Originally, the bill gave first time home buyers up to a $8,000.00 credit on their 2008 or 2009 Federal Tax Returns (or 10% of the purchase price, whichever is less). This credit is subject to the purchase of a primary residence between January 1st and November 30th of this year. Remember, a "first time home buyer" is defined (in this bill) as someone who has not owned a home within the last three years.
A new bill HR 2801, "Home Ownership Moves the Economy" or HOME Act of 2009 has been introduced and sponsored by Republican Howard Coble of North Carolina.
As with the current bill which is set to expire on December 1, 2009, This "cash for clunkers" verison for houses would continue the tax credit through January 1, 2011 with two notable changes:
1. The credit would extend to anyone who purchased a primary residence
2. All income restrictions would be removed. 
The HOME ACT bill keeps the current maximum credit at $8,000.00 and extends the repayment waiver. This allows the homeowner to waive repayment of the credit as long as they maintain the property as their primary residence and do not sell it for three years.
The removal of income restrictions, currently $75,000 for a single individual and $150,000 for a couple would greatly widen the home buying pool.
The hope is that this extended bill will encourage home ownership, thus putting a spark into housing sales. Ideally, this could spread into the overall economy.
Other states, such as Georgia have an additional state tax credit of up to 1.2% of the purchase price. This state credit can be taken over three years. Hear in Las Vegas, with no state income tax the incentive would be to get people into homes who may not otherwise buy. But with the tightening of credit and additional restrictions of FHA loans, we might be looking at a double edge sword.
The number of property listings has dropped in the last six months, and most bank owned properties are receiving Multiple Offers. Chances are in the current market, your Bank Pre-Approval may not be enough.
Post a Comment : Author: La Shelle Washington
More Blog Entries
Return to Website Home
Contributors
Recent Comments
Most Viewed Entries
Search
Subscribe to this Blog
