Tag: Short sales

Fortis Residential Realty


As the year moves on the real estate market keeps changing.  As a Las Vegas Realtor, I monitor the listings that come out on a daily basis.  Lately, more investor flips, have been occurring.  My clients who are looking for their first time home often look at these properties.  An investor buys a property at a below market rate and refurbishes the property, with new flooring/paint/appliances and repairs, and sells the property to make a profit.  These properties often work for a first time homebuyer as they are move in ready, and the investor will work with their loan, whether it be a VA/FHA or conventional.

At Fortis Residential Realty, we are committed to giving each of our clients the individual attention that the require and deserve. As a boutique real estate firm, we work as a dedicated team to research, and meet, your real estate needs in total. Having expertise in sales/rentals/property management and distressed real estate allows us to expertly service all of our current and future clients. 


Local Holiday Deals are out in Vegas!!!


As a Las Vegas Realtor, I am often asked about local deals and discounts. During the month of December, the Station Casinos is having a discount deal on their buffets. With your players card, free to obtain, they have slashed the prices from $4.99 to $11.99 for a meal. I went to the Red Rock Casino on Friday night to check out the buffet, and was pleasantly surprised. The food was fresh and the selections were plenty, with a short wait time for seating and a friendly server. This is a marked improvement from my last visit.
They had everything from Prime Rib to Sushi, and cooking stations for the visual experience. At $11.99, I would consider this a bargain.
My only complaint was the cleaning person on the casino floor who was upset when we tried to pass by him. As an owner of a Las Vegas Maid Service, I know the value of being polite and the “customer is always right”. Otherwise the Red Rock was spot on.


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 Stuff to do in Vegas-Festival of Lights


As a Las Vegas Realtor and owner of Las Vegas Maid Services I am always asked by visitors if there is anything special to do when finished with the casinos. Every year at this time, the Ethel M chocolate factory, sets up their cactus garden with holiday lights. On Friday and Saturday evening they also have a Santa in the garden. The view of the lights is worth the trip and the entrance is free!!! Make sure you dress warm, as the nights can be very chilly.   They have a store on site where you can also get hot coffee, and of course chocolates. Plan on spending 15 minutes to an hour walking the garden at your own pace. The garden is located off of Sunset in Henderson and is about a 15 minute drive from the Strip and is easy to find with plenty of parking.  Don’t forget you strollers, for the family types.


Tip of the Day!! $1.50 Movies in VEGAS


Yesterday, with the cold weather stopping my golf day, I was reading the paper and looking for something to do, that would not break the bank. In the movie section was an ad for the Tropicana Theatres at Pecos and Tropicana on the Northwest side of  Trop. All movies here are $1.50 each, which means I can treat my Las Vegas Maid Services staff to an evening at the movies, and popcorn with a soda, without taking out a loan.  Dont try to sneak in food/drinks, they do search your bag at the entrance.   We went and saw the Wall Street sequel, gotta love Gordon Gekko. The theatre is comfortable and clean, for a theatre. The picture was large and clear and the sound was OK. As a Las Vegas Realtor, I am constantly asked for things to do and places to visit. This theatre will be on my list!!


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…..


Appliance delivery-the good/the bad/the ugly!!


As a Las Vegas Realtor, I sell a large amount of properties that do not have appliances. I have found the best service for delivery and pricing to be, Pacific Sales located in Henderson, off of Stephanie. Yesterday, one of my clients bought a Meridian condominium, which needed a washer/dryer. The gave me a 1/2 hour call before coming to the unit and showed up on time. The delivery and install was professional and complete.
Other times I have waited a five hour window, only to have the nameless company not show.
My favorite is when a company shows up with damaged product. Do they think we will not notice?
Appliances are a large investment, definitely shop around for price and service.


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.


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