Long-time readers know that I am generally speaking not a fan of “creative” and “alternative” ways to afford a real estate purchase. I dislike down-payment assistance programs, and have only been involved in one transaction that involved one, ever. As much as I like helping clients buy a new home, I do not want to [...]
Maybe it’s happened to somebody you know, maybe it’s happened to you. A prospective buyer makes plenty of offers, but doesn’t get any offers accepted! HGTV’s Frontdoor has some tips for you. Not only do they discuss market value, but they discuss how to deal with, not offend, and negotiate with a private seller. I [...]
I wish I had a dime for every time I have heard someone mistake a Zillow “Zestimate” for market value. Zestimates are interesting and fun, but often do not reflect actual market value. They are not appraisals. They are not a CMA — Competitive Market Analysis. They are not a BPO — Broker’s Price Opinion. [...]
This morning, we have news that the Fontainebleau Las Vegas has adequate funding to keep building, and is still on track for opening this coming fall. More: The Las Vegas resort promises 28 restaurants and lounges including a 5,000-square-foot “chocolate experience,” award-winning chefs including Alfred Portale and Scott Conant, Michelin-rated Cantonese cuisine, a noodle shop [...]
Forbes noticed that the Las Vegas real estate market has turned: Something funny’s happening in Las Vegas. Home sale prices from last year are down 28%, but home sales are up 15%. The reason? Motivated sellers–those in distress or foreclosure–or banks with too many homes on the books are slashing asking prices in order to [...]
The other day, I was visiting with the loan officer at a nearby bank branch. He had an interesting flier on his desk. “The joy of working for a Fortune 500 company is that they send all kinds of marketing materials, but this is all I need,” he told me. This flier had a little [...]
In today’s market, Realtors are reminding sellers that they have tough competition in the market from bank-owned properties. Lani Rosales of AgentGenius found this little video that give you 10 easy things you can do to make your home easier to sell, with a little humor too. Don’t get me wrong, in Vegas an Elvis [...]
