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Las Vegas Realty Resources 702-812-2525

THE VERY BEST SHORT SALE IN LAS VEGAS IS HERE !!!

Boy oh boy are there lots and lots of foreclosures/pre-foreclosure, REO's (repos/bank-owned) and short sales on the market in Las Vegas right now! With over half the homes on the market vacant and over a third bank short-sales or in foreclosure, it is truly a time where the savy buyer can make some serious cash. And with more foreclosures coming online daily, this trend will continue for some time. The inventory of re-sale homes in Las Vegas is over a 10-month supply. The VERY BEST deals are the bank owned homes (REO's/Repos) - especially if you are purchasing with ALL CASH. But regardless, all-cash or not, these are hands down THE very best bargains available. This is what we specialize in and we can help you starting TODAY! Call 702-812-2525 now for details.

And there IS a difference in the types of distressed homes that are flooding the market. A pre-foreclosure is one in which the homeowner has missed payments is officially notified that if they do not catch payments up by a certain date - the foreclosure process will start -they have defaulted on the loan. A foreclosure home is one in which the process of foreclosure has started on the current homeowner(s). These CAN be very good buys depending on the amount of equity in the home and the price the seller is willing to negotiate. These properties are not all listed by Realtors, in fact, many aren't, as the process has just started - the home loan is in "default". So, often times, the home will first start as a FSBO. A good, experienced agent knows how to find these homes. If a homeowner owes more on the home than it can sell for, it is then a possible "short sale" - the home owner can make a request to the leinholder(s) to accept less than is owed. The lender is under no obligtion to do so, but may do so in lieu of foreclosure. The time period for the approval of a short sale can be up to 3-4 weeks or more totally depending upon the listing agents professional ability, how many lienholders are involved and how "short" the loan(s) will be. The VERY BEST SHORT SALE in Las Vegas is HERE >>> http://www.LasVegasRealtyResources.com/CalicoGarden I can close this one VERY QUICKLY/Make Your BEST OFFER TODAY!- REO stands for “Real Estate Owned”. These are properties that have gone through foreclosure and are now owned by the bank or mortgage company. This is not the same as a property up for foreclosure auction sale. When buying a property during a foreclosure auction sale, you must pay at least the loan balance plus any interest and other fees accumulated during the foreclosure process. You must also be prepared to pay with cash in hand. And on top of all that, you’ll receive the property 100% “as is”. That could include existing liens and even current occupants that need to be evicted. Auctions are nothing more that a big marketing hype, the majority of the homes don't actually close and the prices are always driven up in the auction process. A REO, by contrast, is a much “cleaner” and attractive transaction. The REO property did not find a buyer during foreclosure auction. The bank now owns it. The bank will see to the removal of tax liens, evict occupants if needed and generally prepare for the issuance of a title insurance policy to the buyer at closing. Do be aware that REO’s may be exempt from normal disclosure requirements. In California, for example, banks are exempt from giving a Transfer Disclosure Statement, a document that normally requires sellers to tell you about any defects they are aware of. In our opinion, the very BEST buys in this current market are REO's, probate homes, pre-foreclosures (includes listed & non-listed Defaults) and ALL CASH transactions. If you can buy ALL-CASH in this market, regardless of type of property, you will get the deal you want. Many of these homes will also be Fixer Uppers - do your homework...and have an experience, licensed professional that knows the Las Vegas market help you make good choices...and money! Call us today, Las Vegas Realty Resources 702-812-2525.

Is it a bargain?
It’s commonly assumed that any REO, or short-sale, or foreclosure or auction home must be a bargain and an opportunity for easy money. This simply isn’t true. You have to be very careful about buying any distressed property if your intent is to make money off of it. While it’s true that the banks and sellers are typically anxious to sell it quickly, they are also strongly motivated to get as much as they can for it. When considering the value of a distressed property, you need to look closely at comparable sales in the neighborhood and be sure to take into account the time and cost of any repairs or remodeling needed to prepare the house for resale. The bargains with money making potential exist, and many people do very well buying foreclosures. But there are also many that are not good buys and not likely to turn a profit. You can also find good deals in Probate Homes - ask us how.

Buying bank owned properties
There is a lot of interest in buying bank owned, foreclosure and short sale properties these days. A lot of information, some good and some bad, is floating around about the subject. Often the information offered is for sale, with the promise that you can make a lot of money with little effort once you know “the secret formula”. The fact is that there are no secrets, and to make money does require effort. And as the number of these type transactions has increasd, so has the number of "experts" that "specialize" in short sales. Run....don't walk! You can also find good deals in Probate Homes - ask us how.

Are You Ready?

When you are ready to take the next step and want to start the looking for distressed properties, call Las Vegas Realty Resources at 702-812-2525. You'll be glad you did. We've got the experience you need when negotiating Foreclosure, REO's/Bank-Owned, Probates and Short-Sale home purchases. As both a listing and buyers broker, Las Vegas Realty Resources has been on both sides of all these type transactions many times in the past. There is a difference in handling these and to make matters worse, many times there is also an attorney involved because of divorce or bankruptcy. Call us now, 702-812-2525, Las Vegas Realty Resources.