Posted on March 9th, 2010 by Ruth Ahlbrand
Las Vegas Foreclosure Assistance is certainly needed by tens of thousands of residents around Las Vegas. We know of a number of resources that are publicly and freely available, including the Nevada Foreclosure Help run by the State of Nevada.
Here at RE/MAX CENTRAL of Las Vegas we are now offering free, no strings attached Las Vegas Foreclosure Assistance in our office via an attorney who is working standard business hours. Just to be absolutely clear, this is good for homeowners, our office and the community and there are no obligations that have to be met to speak with our attorney on staff.
Las Vegas Foreclosure Assistance
Many people are not aware of the intricacies of a Las Vegas Short Sale and how to utilize this method to forestall a Las Vegas Foreclosure. A short sale is (informal description) occurs when the bank agrees to accept less than what a homeowner owes on a home. If you are facing a foreclosure or know someone who is then point them in our direction and we will help.
A Las Vegas Short Sale typically does not impact a homeowner’s credit rating as severely as a Foreclosure and it enables the homowner to stay in the home while it is being sold, which is optimal for many, especially when weighing a foreclosure.
So, if you or someone you know needs Las Vegas Foreclosure Assistance please call our office 360.2030 or visit our Contact Us page on our Web site for Foreclosure Assistance.
Filed under: Las Vegas Foreclosures | No Comments »
Posted on March 5th, 2010 by Ruth Ahlbrand
Optimism emerging in Las Vegas as capital begins to flow back into our market. In the last week we’ve seen a bidding war erupt for General Growth Properties, a real estate development company with very large land holdings here in Las Vegas, commercial developments and five shopping malls located in and around Las Vegas.
Just announced this week, several large Wall St. Firms are extending a large amount of funds to MGM Mirage to offset its ongoing expenses and to help it sustain and grow operations.
We believe these small signs underscore the overall value in Las Vegas as a business entity and our Commercial and Residential Real Estate Markets.
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Posted on March 4th, 2010 by Ruth Ahlbrand
In this challenging economy across the US many builders are having a difficult time and our Local Las Vegas builders shifting model to better leverage opportunities that are presented to them. Many builders, including a large number here in Las Vegas, are going to work directly for Banks and Financial Institutions as contractors. This is dramatic change from years past.
New Home Builders Perspective
The number of single family Las Vegas homes constructed and here dropped about 85% to approximately 5,271 in 2009 from 36,050 in 2006 based on latest numbers from the Southern Nevada Home Builders Association.
There are a large number of Las Vegas Homes (approx 22K) that are available for sale, this does not include our new home inventory. These unsold homes have certainly impacted new homes sales, which has in turn forced new home builders to look at alternative ways to finish projects underway, make payroll and stay in business!
Banks Become Builders
Another challenge for new home builders has been the lack of credit available to them – many cannot get sufficient financing to complete existing projects or develop the raw land that has been purchased previously. But, perhaps some saving grace for builders is that banks are now stepping up to the plate and developing and/or finishing communities that our local builders have already started.
Las Vegas Builders Shifting Model Good For Community
So, the picture continues to change here in Las Vegas but we continue to be opportunistic about our market – we have some great new homes that are now on sale for $.40 on the $1.00, with price points we haven’t seen in 3-5 years, depending on your price range. Call us today if we can help you in any way or visit our web site!
Filed under: Impact News for Las Vegas Real Estate, Las Vegas Market | No Comments »
