This Las Vegas home for sale is a short sale and is currently available for a price of $85,000.

For information on this Las Vegas Home for Sale or for a private showing, please contact Paul Rowe or Tony Sena at 702-376-0088.

This home is in the heart of Green Valley near the Green Valley Ranch Casino, “The District” and schools.  This home is a short sale and is currently available for $219,750.

If you would like to schedule a showing for this property or have any questions, please give Paul Rowe a call at 702.376.0088 or complete the contact form.

When selling a home as a short sale, the seller’s bank or servicer (a servicer is the company you send your mortgage payment to every month) will require the home to be listed with a licensed REALTOR®. Now, if the home is marketed properly, priced right, and the sellers fit the short sale profile necessary, an approval may be come along faster with Litton than with other banks and servicers.

There are many factors to consider when researching if a short sale is right for you. Here in the distressed Las Vegas real estate market, short sales are becoming more and more common. Buyers and sellers are more familiar with them; the banks are warming to the idea, and the government is certainly pushing them.  For those sellers who have a legitimate hardship and are upside-down in their mortgages, a true alternative to foreclose is within their grasp.

No matter which lender you may have, if you are interested to see if a short sale may be an option to consider and you own a home in the Las Vegas, Henderson or North Las Vegas area, just give us a call at 702-376-0088.

Paul Rowe specializes in listing short sales for North American Realty of Nevada

This unit is approximately 1,467 square feet with two bedrooms and two full bathrooms.  It features stainless steel appliances in the kitchen, granite counter tops and ceramic tile and carpet throughout.  This high rise condo is a short sale and is currently available for a price of $359,000.

For information on this desirable Las Vegas High Rise Condo or for a private showing, please contact Paul Rowe or Tony Sena at 702-376-0088.

Although the short sale has been around for many years, they were very rare. Now you have hundreds of thousands of them. Demand has increased so much that they have become a mass product. The system was never designed to handle this level of volume.  Think of the following analogy: Imagine making a tasty burger at home, many of us can do it. Fire up grill,  invoke your recipe of a fine combination of herbs and spices, watch over it like an only child as it cooks to perfection. Now, how many of us can produce that same burger everyday to the entire population of a medium size town from our home—very few of us. The goal is no longer just making the product, but logistics and the ability to deliver to a screaming public.

The current White House administration via the Treasury Department is encouraging banks to speed it up. Some banks such as Wells Fargo have gotten proactive and we can often get approvals in about a month…not too shabby. Even ol’ Bank of America has begun to use the default services platform, REO TRANS (soon to be called, Equator) for sellers wanting to do a short sale. Rather than have the poor agents collect most of the data necessary and then have to fax 40 page packets (like they don’t get lost!) to the banks, sellers will be allowed to upload critical data right into the system itself. I don’t know if that is the complete answer, but it’s something at least!

What does this mean for distressed sellers looking to short sell their home? Improved systems will lead to an improved decision making process will not only increase the likelihood of an individual sale going through, but will bring new buyers into the market who previously would not consider a short sale due to the uncertainty involved.

Paul Rowe is the primary short sale listing agent for Sena and Associates at North American Realty of Nevada.

To read the entire article, click on the link to the Las Vegas Review Journal.

If you are going to be renting a home in Las Vegas, make sure the company that is handling the Property Management is licensed and a reputable company.  If you have any doubt, feel free to ask the Property Manager Broker to provide a copy of their license or you could even call the Nevada Real Estate Division.

He advised that many of the successful and growing real estate brokerages today are Exit Realty, Connect Realty and Keller Williams and their business model is modeled around these companies.  The biggest difference was the virtual aspect.  Their offices could be operated from a residential home if zoning regulations allowed it.  Everything would be web based and all agents would have a virtual office.  Everything would be paperless and meetings could be held right from their personal computers in 3D virtual rooms.  As much as I liked their vision and business plan, their model emphasizes recruiting for residual compensation.  This is the same model that Exit Realty, Connect Realty and Keller Williams employ.  Many real estate agents simply join these companies to recruit and earn their monthly residual checks.

As I do agree, the future of real estate brokerages will be virtual offices and brick and mortar companies will be a thing of the past, I don’t like the residual brokerages.  Their emphasis is recruiting when it should be directed on training real estate agents.  I get hit up all the time from real estate agents who hang their licenses at these companies.  Instead of recruiting they should be showing homes, writing offers, canvassing their neighborhoods, continuing their education or networking.  Leave the recruiting to the broker or the recruiter.

Back to the point of this article, with the average sales price falling as significant as it has, it’s becoming tougher to operate a brick and mortar real estate brokerage.  Their are many costs that are incurred with operating a brick and mortar real estate brokerage and those expenses are passed back to the real estate agents who hang their license there.  Unfortunately, the drop in home prices have affected the income for real estate agents and it’s affecting their bottom line.  It just doesn’t make sense anymore to hang their license at real estate brokerages that charge such high overhead.  Eventually more and more agents will move their licenses over to real estate brokerages that don’t have such a high overhead and these will be smaller virtual offices.

The death of the brick and mortar real estate brokerages is upon us!

A Las Vegas Property Manager usually has numerous tenants contacting them about available inventory and are very knowledgeable about the Las Vegas Rental Market.  In this current rental market, it is imperative the rental home is seen by as many potential tenants as possible in order to get the property rented and rented for top dollar.  It takes more than just placing the property for rent on Craigslist or the local MLS (multiple listing service).  A Property Manager must market the home for rent on numerous websites, use social media outlets such as Facebook and Twitter and market the property to the thousands of other real estate agents in Las Vegas.

North American Realty of Nevada offers full service Property Management in Las Vegas.  We use the Internet unlike any other Property Manager in Las Vegas.  Every property we have for rent gets syndicated to every major real estate website such as Craigslist, Kijiji, Backpage, Oodle, Hotpads, etc…, we use Facebook and Twitter to market our rentals and our sister Las Vegas Real Estatewebsite ranks for numerous phrases that relate to real estate in Las Vegas which generates over 12K visitors a month.  We have the ability to not only get the property seen by more potential tenants but we usually find the tenant without the use of another real estate agent.

If you would like to speak with us about your investment property, feel free to give us a call at 702.376.7379 or visit us on our website at www.LasVegasPropertyManagements.com.