Las Vegas Real Estate

Summerlin Home with Pool

Frank Becerra Coldwell Banker Wardley (702) 776-1092 frank@myhomeinvegas.com http://www.MyHomeInVegas.com Listed by: Department of HUD

Our recent listingsLas Vegas real estate, NV. 89166 North West Las Vegas Real Estate Gated in Mountains edge North Las Vegas, NV 89031 Real Estate Las Vegas Real estate, NV 89166 Las Vegas, NV 89179 Mountains Edge Corner Lot Subscribe to our listing feed

Las Vegas real estate, NV. 89166 North West

Frank Becerra Coldwell Banker Wardley (702) 776-1092 frank@myhomeinvegas.com http://www.MyHomeInVegas.com Listed by: Department of HUD

Our recent listingsLas Vegas real estate, NV. 89166 North West Las Vegas Real Estate Gated in Mountains edge North Las Vegas, NV 89031 Real Estate Las Vegas Real estate, NV 89166 Las Vegas, NV 89179 Mountains Edge Corner Lot Subscribe to our listing feed

North Las Vegas single story home

Frank Becerra Coldwell Banker Wardley (702) 884-8209 frank@myhomeinvegas.com http://www.TopRealEstateProducer.com Listed by: Coldwell Banker Wardley

Our recent listingsSingle story North Las Vegas real estate corner lot Nearly move in ready Las Vegas HUD home Las Vegas hud homes minutes from the strip For less than rent, North Las Vegas HUD home North West Las Vegas real estate for sale 100.00 down Subscribe to our listing feed

See more North Las Vegas, NV real estate for sale

Las Vegas Real Estate

Homes sold by HUD, also known as HUD homes are homes that have been deeded over to them because the bank that owned them had the property insured by them.

The properties themselves are sold in as is condition, however a property condition report is available and gives a bit of  insite  into the condition of the property. The property inspection report is something that is never provided by banks, so it serves as a nice perk and is absolutely free.

The state of Nevada has another perk that is not available in all markets, Las Vegas, Henders and the city of North Las Vegas HUD homes can be purchased for as little as 100.00 down when combined with FHA financing, this incentive eliminates the need for the normal 3.5% down payment currently needed in order to purchase a a home in Las Vegas with FHA financing.

In order to determine a price to sell the home, HUD has ordered an appraisal. The appraisal can later be used for the loan, eliminating yet another out of pocket expense. Buyers must note that not all lenders will accept this appraisal and may order another one.

When a HUD home enter the Las Vegas real estate market, the home is given more or less a week in which owner occupants can bid on the home without the need to compete with the large amount of investors and speculators. Unlike most bank transactions in the Henderson real estate market cash is not king but equal as the bottom line is what they look at, and not the type of financing. This is a huge advantage for frustrated buyers encountering multiple offers in the current market.

HUD will donate to the buyer up to 3% of the purchase price this should cover most or all the closing costs.

I’ve created a video outlining the details Las Vegas Real estate HUD homes. http://toprealestateproducer.com/lasvegashudhomes.html

Homes sold by HUD, also known as HUD homes are homes that have been deeded over to them because the bank that owned them had the property insured by them.

The properties themselves are sold in as is condition, however a property condition report is available and gives a bit of  insite  into the condition of the property. The property inspection report is something that is never provided by banks, so it serves as a nice perk and is absolutely free.

The state of Nevada has another perk that is not available in all markets, Las Vegas, Henders and the city of North Las Vegas HUD homes can be purchased for as little as 100.00 down when combined with FHA financing, this incentive eliminates the need for the normal 3.5% down payment currently needed in order to purchase a a home in Las Vegas with FHA financing.

In order to determine a price to sell the home, HUD has ordered an appraisal. The appraisal can later be used for the loan, eliminating yet another out of pocket expense. Buyers must note that not all lenders will accept this appraisal and may order another one.

When a HUD home enter the Las Vegas real estate market, the home is given more or less a week in which owner occupants can bid on the home without the need to compete with the large amount of investors and speculators. Unlike most bank transactions in the Henderson real estate market cash is not king but equal as the bottom line is what they look at, and not the type of financing. This is a huge advantage for frustrated buyers encountering multiple offers in the current market.

HUD will donate to the buyer up to 3% of the purchase price this should cover most or all the closing costs.

I’ve created a video outlining the details Las Vegas Real estate HUD homes. http://toprealestateproducer.com/lasvegashudhomes.html

Many people have heard that real estate is local, but few understand what it means.

As the advertising slogan says, “what happens in Vegas stays in Vegas”. Never has this been more true than now. Buyers from around the globe continue to see value in Las Vegas real estate and as a result they have not stopped buying. The source of information is the national news, but few get the local news, and even fewer see what is going on unless they are buying   Las Vegas homes for sale .

High rise condos in Las Vegas have surprised many buyers as they watched the market like a hawk, but what they could not see is what the homes were closing for until they closed. Why is knowing what they closed for important, well…the appraisal. Not the one that the cash buyer is not going to do, but the one the bank uses to determine the price of the Las Vegas real estate they are about to put for sale. They use historical values to determine the next property they will sell and if the last few properties are trending up, they will list it up. Banks are like any company that wants to sell their Las Vegas foreclosures for as much as they can, and consequently minimize the loss to their investors.

The other thing that most buyers are not aware of, or those that are are asking is where are all the foreclosures? They are alive and well in books hidden in future values Vs, current value folders in order to avoid liquidity problems. That house that you paid subscription to to locate on a service will stay there and they are not in a hurry to sell it. Why, because the Las Vegas foreclosures banks have been limiting the entry of homes to the market for months, and they have effectively increased the property that is currently entering the market and because there are so few on the market the overbidding of prices continue to cause the prices to go up.

 For additional information and to search Las Vegas real estate as well as sold prices

 Para espanol: busque casas en Las Vegas

     The typical family will be shopping for electronics, games, clothing, and the procrastinators on Dec. 24Th for whatever they can get their hands on. Buyers will camp out in front of stores, and stand in line for hours or even days to get the bargain they saw in the ad.

At the dinner table, families talk about what they’ve accomplished, and they talk about real estate. They will talk with  those that don’t own a home as well as those that don’t, abouthow the market has deflated,   and about the economy. There is usually someone that is the “expert” of the family, has seen it all and warned everybody of the impending danger of owning a home, he/she will cite the recent news, use a friend or family member that lost a house, and state they never had a problem with real estate and has been able to avoid the foreclosure market of the 80′s, 90′s and this one. He/she is still renting, still has no appreciation, still increasing the wealth of his/her landlord, still has no tax write offs, and is still waiting for the right opportunity to buy. In the corner there is always a family member that has his/her home paid off, owns several pieces of property, purchased when the other said not to, has write offs galore, and is waiting for the other to be ready to buy property so the doom and gloom can buy his/her home and can cash out.

People that make a living off of real estate cannot predict a bottom, what makes you think you can. If one thing that can be learned from this mess is that most people missed the top due to greed, and most will miss the bottom if they haven’t already due to the same.

Home buyers are now thinking holiday and are waiting for them to go by so they can get ready to buy. Great deals are found in the holiday months as buyers wait, and seller see fewer offers, so why wait. The other thing that will happen is the added group of buyers looking to get the 8000 tax credit which just like those that go shopping on the 24th will find the green socks with red polka dots  as a gift (sorry if you own some).

Remember real estate is local, that is why in parts of Las Vegas Real estatewe’ve been seeing increases for the past four months, despite the reports on declines in prices. Investors that purchased at the begining of the year are now selling at double. Will it last, only time will tell, but with banks manipulating inventories, and short sale approval doubling we may have leveled the market off. One thing that are not seen as often are some of the lower priced homes as low as they were a few months ago, and I’ve also seen homes that banks have increased the initial price.

Welcome to Frank Becerra’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Las Vegas.