Tag: first time homebuyer

Home Inspections-Worth the cost?


As a Las Vegas Realtor, I always recommend having a home inspection on any property that you are in contract to purchase.  The reason being, is that the home inspector is trained to inspect, review, and note all problems and operations of the systems in the property. The home inspector often catches items, that an untrained eye will not see.
I recently had a beautiful home that was in visibly perfect condition. The home had sat vacant for a while, and during that time, pigeons had moved in. They created a nest on the roof and when it rained, the waste caused a leak in the roof. This ran down an inside wall and caused a mold like problem.
Without the home inspection, this would not have come to light. In this case, the buyers decided to cancel and move on to another home, sparing them the trouble of repairs and further monitoring of the issue.
I look at a home inspection as an inurance policy. The cost is usually around $200-$300 per inspection, but it can save you a lot of money in the end. You may find that all you need is a good cleaning from a Las Vegas Maid Service, or a Handyman. But it is the large problems that really pay off from the inspection.


FREE Golf Tournaments at OB Sports Faciliites!!


As a Las Vegas Realtor and owner of a Las Vegas Maid Service I get to interact and work with a lot of golfers. OB Sports runs several golf courses in town; Alliante(north part of town), Angel Park(Summerlin Area), and Legacy(Henderson/Green Valley). They offer a great deal for both local and out of town frequent visitors for lower price golf, through their annual players card. Unlike some card, this one gives more than lower price tee times. The card also offers a free punch card that has; two free tee times for the cloud 9 course, several putting course sessions, several driving range passes, and four free tournaments per year. The card has cost $99.00 per year, if you buy it early, and now included a free round on your birthday and a free hat, a pretty darn good deal. As a Las Vegas Realtor, I sell golf retreats to clients from all over the world. The OB card also works for them, although it is more expensive for non residents. But what a way to save some money.


Trustee Sale Information


DO YOU HAVE CASH BUYERS AND INVESTORS?

Trustee’s Sale

Instant equity when purchased right.

QUALIFYING
All Funds must be in a form of a Cashiers Check made payable to themselves. Your funds must be qualified prior to the properties are announced (Cried Out) Common practice is to have checks made payable to you. Have large checks to cover most of the expected bid, with smaller checks to cover increases in the bidding.

BIDDING
Opening Bids are available shortly before the sale, this can range from the day before up to the actual time of sale. When a bid is available, there is a good probability the property will be going to sale instead of postponing or canceling. Be aware that published bid amounts will differ from the actual bid amount at the sale. Sometimes they will be slightly higher to cover actual costs and sometimes the lender will reduce a bid making a property an attractive purchase.

The Auctioneer will state the Sale is being made without covenant or warranty, expressed or implied regarding title, possession, condition, or encumbrances to satisfy a debt on this deed of trust. The opening bid will be announced on behalf of the Beneficiary and being sold in an as is condition referencing the Ts # (Trustee Sale No.) Parcel Number, Address and legal description. The bidding amount usually starts with 1 cent over the opening bid, then will go at $100.00 increments and higher depending on the interest of that property. Then sold to the highest bidder. The property will not sell until the auctioneer announces the third and final call. Then there will be no further bidding.

SUCCESSFUL HIGH BID
If you are the successful bidder, you will endorse the checks payable to the Trustee . You will be given a receipt for the purchase. At that time you will be asked how title will be held. The Trustee will draw the Trustee’s Deed and send it to you for recordation approximately 5 to 10 days. Along with any overages paid at the trustee sale. You will be responsible for recording, paying transfer tax and recording fees at that time. Be sure to bring your receipt of your purchase to the recorder.

INFORMATION IS EVERYTHING
Up to date accurate information is essential for purchasing at the Trustee Sale. As there are risks involved in purchasing at the Trustee Sale…Contact me today to find out how to get daily information of the properties going to sale and the lien report.

DO YOU HAVE CASH BUYERS AND INVESTORS?

Trustee’s Sale

Instant equity when purchased right
.

QUALIFYING
All Funds must be in a form of a Cashiers Check made payable to themselves. Your funds must be qualified prior to the properties are announced (Cried Out) Common practice is to have checks made payable to you. Have large checks to cover most of the expected bid, with smaller checks to cover increases in the bidding.

BIDDING
Opening Bids are available shortly before the sale, this can range from the day before up to the actual time of sale. When a bid is available, there is a good probability the property will be going to sale instead of postponing or canceling. Be aware that published bid amounts will differ from the actual bid amount at the sale. Sometimes they will be slightly higher to cover actual costs and sometimes the lender will reduce a bid making a property an attractive purchase.

The Auctioneer will state the Sale is being made without covenant or warranty, expressed or implied regarding title, possession, condition, or encumbrances to satisfy a debt on this deed of trust. The opening bid will be announced on behalf of the Beneficiary and being sold in an as is condition referencing the Ts # (Trustee Sale No.) Parcel Number, Address and legal description. The bidding amount usually starts with 1 cent over the opening bid, then will go at $100.00 increments and higher depending on the interest of that property. Then sold to the highest bidder. The property will not sell until the auctioneer announces the third and final call. Then there will be no further bidding.

SUCCESSFUL HIGH BID
If you are the successful bidder, you will endorse the checks payable to the Trustee . You will be given a receipt for the purchase. At that time you will be asked how title will be held. The Trustee will draw the Trustee’s Deed and send it to you for recordation approximately 5 to 10 days. Along with any overages paid at the trustee sale. You will be responsible for recording, paying transfer tax and recording fees at that time. Be sure to bring your receipt of your purchase to the recorder.

INFORMATION IS EVERYTHING
Up to date accurate information is essential for purchasing at the Trustee Sale. As there are risks involved in purchasing at the Trustee Sale…Contact me today to find out how to get daily information of the properties going to sale and the lien report.


Summer Golf Deals!!!In Las Vegas


When the weather gets hotter in Las Vegas, the golf prices go down. Some examples are:
1. Twighlight at Summelin, 2 p.m. for $25-Highland Falls
2. Angel Park after 4 p.m. for $19, this week they are giving a $10 coupon back for your next round.
3. Black Mountain-$25 all you can play twighlight, restricted days.
4. Arroyo and Siena, $35 after noon. Beautifull courses.

As a Las Vegas Realtor, many of my clients play, and I love to join them for 18.
When the temperature goes up the rates go down.
Just make sure you drink a lot of water…..


Gas Mileage-Why is it the same as in 1976?


As a Las Vegas Realtor, I do a lot of driving. I drive a 2003 Hyundai XG350 which has been a great car. It gets about 30 m.p.g. which is not bad, being a small luxury sedan. I was reading an old magazine from 1976, and there was an ad for the Fiat Strada, which went over 105 m.p.h. and got over 30 m.p.g. It amazes and saddens me, that over 34 years ago the same gas mileage was available. We have the computer and cell phone but the same or similar mileage per gallon? Hard to believe.


No Kitchen=No Financing Available?


I always love it when, as a Las Vegas Real Estate Agent, I come across a home I am showing and it has no kitchen. By this I mean, no cabinets/counter tops/plumbing/or appliances. Basically making the home considered unlivable. Most of these homes are repaired or listed as Cash Only, however once in a while a mistake is made and I show it to a Buyer with financing needed. When dealing with financing, you need an appraisal. With no kitchen, it can be impossible to get the appraisal, and therefore the loan. Buying a home with no kitchen can be profitable if it is below market enough. Some investors look for these homes, as long as after the repair it is still below market for a flip or renal/buy-hold. Our Las Vegas Handyman Service has worked on these homes. With kitchen replacement, patience is necessary!! Delays do happen IE; wrong sink comes in, counter-top is cut incorrectly, cabinet is defective etc.
These homes exist, but make sure you know the costs before purchasing one.


Selling a Home, Sometimes Personalization can be a problem for the sale!


As a Las Vegas Realtor, I show a large amount of homes to buyers. Yesterday, we saw a very nice home that matched the buyers criteria exactly. Unfortunately, the owner had installed a copper colored tile and painted the entire house orange. While it looked professional, the home would required thousands of dollars in renovation to bring to a neutral color. When planning on selling a home, I recommend staying neutral, or even white. Remember, the next owners will want to decorate in their preference. Installing permanent flooring and wall coverings that are costly to replace can have a negative effect on the sale.


When buying a home, check for KITEC PLUMBING!


As a Las Vegas Real Estate Agent, one of the items I look out for is a home that has Kitec Plumbing.
This plumbing is the subject of a class action lawsuit, and can cause leaks in homes. If you search for Kitec, you will be directed to many pages with information on the class action lawsuit.
Yesterday we saw a home with Kitec pluming, unfortunately, there were signs of water damage with visible discolaratin on some interior walls.
This is just another issue that you should bring up with your Realtor when you are viewing homes, and having a home inspection conducted.


Title/Escrow Companies in Las Vegas?


In Las Vegas, we use title companies to manage and close our real estate transactions. As a Las Vegas Realtor, I prefer some over others due to their responsiveness. All do the same job, and most are under the same title umbrella, but some title officers respond more quickly.
In todays market, the seller is generally choosing the title company, this limits the buyers choice, but is normal with Short Sales and Bank Owned Properties. Most fee structures will be similar, the difference being service.
I always advise the client to speak with the Title Officer directly and establish a relationship, so that all questions can be answered timely.


An Interesting Note from a Property Showing Yesterday


Yesterday I was out showing a home for sale to some buyers relocating and we came across an often overlooked inspection item.
This was a beautiful home, in a well kept neighborhood, that the buyers loved. Unfortunately, the home was recessed about 40 ft. lower than the next home, and had a large retaining wall. The wall had visible cracks and blemishes on it, and there were three large palm trees in the upper yard.
The buyers called a friend of theirs who is a structual engineer. The outcome, if the wall failed, other than the damage that could be caused, the repair of the wall would be 30 K+.
My Las Vegas Real Estate Team will be showing new properties to them tomorrow.
Remember to look at the whole house and property before falling in love and making an offer.


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