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The Ballen Group - Las Vegas Real Estate Team

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Las Vegas Real Estate Agent Team Closes A Wells Fargo Short Sale In Nevada.

02-07-12
The Ballen Group - Las Vegas Real Estate Team

Las Vegas Real Estate Agent Team Closes A Wells Fargo Short Sale In Nevada.

The Ballen Group closes A Wells Fargo and AHMS Short Sale Las Vegas using, The Ballen Method, A Process for Las Vegas Short Sales

FOR IMMEDIATE RELEASE
The Ballen Group just closed a Short Sale with Wells Fargo for a property on the street: CAPE VERDE in Las Vegas Nevada. There were two Lien Holders, AHSMI, and Wells Fargo which was a HELOC. The property was originally listed for $198,969 and sold for $150,000 cash with no closing costs or contributions from the bank. It took 53 days from accepted offer to approval and the seller was waived of any deficiency pursuit.

Many Las Vegas mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is excessive in Las Vegas. With the prices of Las Vegas homes decreasing, and the interest rates on previous subprime loans increasing, many Las Vegas home sellers have no choice but to negotiate with the bank to take less (also known as a “short”) on the sale of the property. The seller proves a hardship to the bank which could include divorce, loss of income, health issues and other various situations proving the monthly mortgage payments are impossible for the homeowner to pay. The home owner hires a Real Estate agent, such as The Ballen Group, Las Vegas Short Sale Agents to sell their home and negotiate the sale with the bank.

http://www.youtube.com/watch?v=loUjxadyeM4


Call 702.482.7739 to speak with a Las Vegas Short Sale Specialist and Request your Las Vegas Short Sale Kit.

A Summary of The Ballen Method

1. Complete the Quick Qualifier with the Short Sale Agent to determine if you would be a good candidate for a Short Sale in Las Vegas and what short sale program may apply.

2. Consult with your attorney and CPA in regards to your specific situation. Remember, Nevada Real Estate Agents are not trained nor licensed to give advice on legal ramification or credit consequences of a short sale. We do have an attorney standing by to consult with you. Ask the agent about it when you call 702-482-7739.

3. Meet in our office with the short sale listing agent to authorize the listing and prepare your short sale hardship package. This is where your help truly starts and the Short Sale Process gets underway.

4. We Market your home aggressively using our Comprehensive Ballen Method to Marketing homes for Sale in Nevada.

5. We find you a Ready and Willing Buyer

6. Your designated Ballen Group Short Sale Manager will work with the negotiators to determine and discuss the Nevada property value and the buyers offer as well as your hardship situation.

7. We receive your approval letter and present to you for decision making.

8. It is suggested that at this time you meet with your attorney and accountant to determine your choices now that the terms are stated in writing from the lien holder(s)

9. CLOSE the short sale transaction and you are able to move on with your future.






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What does Short Sale Mean? What you need to know about a Las Vegas Short Sale in Nevada

02-05-12
The Ballen Group - Las Vegas Real Estate Team


702-604-7739 - http://www.BallenGroupHomes.com - Las Vegas Short Sale Specialists with Keller Williams Realty

What Does Short Sale Mean?

Buying Short Sales: What You Need to Know

As the Las Vegas real estate market remains volatile, one of the best options for many new homebuyers is purchasing a short sale home. But, what does short sale mean? A short sale is when lenders have the opportunity to sell a property before the bank forecloses on the home rather than after. While buying short sales creates the opportunity for real estate investors to pay well-below-average housing prices for properties within ideal locations, there are still drawbacks.

If you're interested in buying short sales in Nevada, here are a few things you need to be aware of:

Why Banks Short Sale Pre-Foreclosure Homes

The last thing a bank wants to do is own a property secured by the bank's loans. When a property owner is in default and owes more than what the home is currently worth, the bank will work with the seller to offer the property for less than they owe on the mortgage loan.

How much money will banks take off? When buying Las Vegas short sales, how much should I expect prices to fluctuate? On average, banks estimate that holding on to the property after foreclosure will cost up to 18 percent of the home value to complete the inspection, appraisals, repair and maintenance. Instead, it is a much easier and financially sound decision for banks to sell the home ôas isö to avoid any third-party inspection process.

The Negative Side of Buying Short Sales

Buying short sales might seem like a good deal for the buyer, but that's not always the case. Here are three major conflicts buyers and sellers face when a short sale, pre-foreclosed home is on the market:

  • Time: Don't let the name fool you. Buying short sales takes a very long time. There's a whole gambit of scenarios of why a short sale might be delayed, but many of the hurdles buyers have to overcome have to deal with secondary financing on the homeowner's original mortgage, bank processing delays and private mortgage insurance policy breakdowns. Buying short sales is a very complex process, which can leave the short sell buyer in housing limbo for up to six months.
  • Condition: Short sale homes often need additional maintenance and repairs. When the current property owner is unable to pay the mortgage on the home, more often than not the condition of the property diminishes over time. Additionally, short sale homebuyers should take into account that the property will have had more than one previous owner, which adds to the wear and tear.
  • Lender Restrictions: Banks can renegotiate a short sale at the last second. If a new law passes, the market begins to change or the bank finds out more information about the property, they reserve the right to change the terms of the contract at any point in the process. Banks will also refuse to pay for extra services like seller closing costs or inspections. If you want something specific inspected on the property, you're probably going to pay for it yourself.

Short sale homes are the real estate market's diamond in the rough. It's true that buying short sales can be a very tricky process, but for the flexible and patient homebuyer, the short sale home can be the dream house they've been searching for.

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The Ballen Group, A Las Vegas Short Sale Real Estate Team, Has Hired Roger McManus Buyer Specialist.

02-03-12
The Ballen Group - Las Vegas Real Estate Team

The Ballen Group, A Las Vegas Short Sale Real Estate Team, Has Hired Roger McManus Buyer Specialist.

The Ballen Group, also known as The Dream Team in Las Vegas welcomes Roger McManus to represent Nevada Real Estate Buyers.


PRLog (Press Release) - Feb 03, 2012 -
The Ballen Group, an award winning team of Las Vegas Real Estate Agents under the brokerage Keller Williams Realty Las Vegas who recently received multiple awards for their Las Vegas real estate production, continues to build an expert team of Las Vegas Real Estate agents and short sale processors. The Ballen Group has been recognized for top achievements in Listings, Production, and marketing.

Lori Ballen, CEO of The Ballen Group, is diligent about hiring the right talent for her team. Along with her Husband Richard Ballen who operates Ballen University, a new agent mentorship program, she believes in building success through people. "Our recent move to Keller Williams Realty Las Vegas from Coldwell Banker has allowed us more freedom and motivation to build. Keller Williams Realty believes in teams and provides a structure that is a Win-Win for both the team members and the leaders.
Roger was first licensed as a Real Estate Broker in North Carolina in 1977. He has enjoyed an entrepreneurial life as an Author, Speaker, Trade Magazine Publisher, Marketing Research Consultant and Tradeshow Producer. He brings his skills to The Ballen Group in specializing in Las Vegas Residential Real Estate.

“Roger is thinker. It is a pleasure to bring on someone with such thought provoking skills that keeps us on our toes. Roger is one of those buyer specialists that will always have his facts and numbers down to a science for his customers. We are looking forward to see what Roger will do with Las Vegas Investment Property Buyers as well as he seems to be a natural in that area” says Lori Ballen.

The Ballen Group, owned and operated by Richard and Lori Ballen practices under the brokerage Keller Williams Realty Las Vegas. Already an award winning team, but still relatively early in its growth, The Ballen Group is taking over the residential real estate market in Las Vegas, Henderson, and North Las Vegas. With its existing divisions which include the Las Vegas Short Sale Team, The Salute Military Housing Division, the Luxury Home Division and plans to build dozens of niche divisions which include Age Qualified communities and Golf Course Communities, The Ballen Group is Thinking Big, Acting Bold, and Aiming high as described in the Millionaire Real Estate Agent Book by Gary Keller and Dave Jenks.

Contact The Ballen Group at 702-604-7739 or on the web at http://www.BallenGroupHomes.com.



702-604-7739 When Ready to sell your Las Vegas Home - if you owe more than the mortgage, we can help. Call us to discuss short sale options. Las Vegas Short Sale Specialists with Keller Williams Realty Las Vegas.
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Las Vegas Real Estate Agent, Las Vegas Mortgage Lending and Real Estate Office, Financing a Home in Nevada

02-02-12
The Ballen Group - Las Vegas Real Estate Team

702-604-7739 - http://www.ballengrouphomes.com - Las Vegas Real Estate Agent - Homes for Sale in Nevada by Keller Williams Realty & The Ballen Group


Given that it’s Superbowl Week (Go Giants!), We thought we might go with a football theme today. We can’t tell you how many different people we hear proclaim that they are the quarterback of the real estate transaction – the agent, the loan officer, an attorney, accountant or financial planner. But for goodness sake, the buyer/borrower had better be the one calling the shots. Not that everyone else doesn’t play an important role, but the buyer/borrower is the one most impacted by the choices made.


Here’s our opinion of how the team works best:


§ Head Coach (Your Loan Officer) – Your loan officer should be the Head Coach. After careful analysis of your income, credit and assets, this is the person in the best position to make sure you are playing to your strengths and minimizing your weaknesses. Your loan officer can discuss the economic realities of homeownership, while listening to your quality of life concerns. (How often you’ll be able to eat out or vacation, for example.) The loan officer can set up the game plan.

§ Offensive Coordinator (Your Real Estate Agent) – Your real estate agent is your offensive coordinator. Armed with the game plan (which includes your limitations), the agent calls the plays, counseling you on the geography, the competition, the best ways to negotiate your way to your personal touchdown. Agents know the playing field (the inventory and the market). If you hire them to represent you, they can disclose the weaknesses of your competition (the seller).

§ Offensive Line (Your Attorney, Accountant and Financial Advisors) – Your attorney, accountant and financial advisors are your offensive line. They are there to protect you from the blitzes that come from outside (sellers, title issues, tax consequences, and protecting your assets). Not the glamour positions, but vital to any success you are going to have.

§ Running Backs and Wide Receivers (Your Friends and Family) – Your friends and family are the running backs and wide receivers. They often receive the glory and attention, but honestly, if everyone else doesn’t do their job, they rarely ever see success. Bad game plans, weak play calling, poor execution on the offensive line or by you, as quarterback, leave them merely as names on the roster.

As with any team, communication is the most important component to getting the desired results. Being the center of the action on the field, the quarterback (you) needs to honestly talk with your coaches and coordinators, so they can help direct you on the proper play calling. Simultaneously, you need to heed the feedback from your offensive line, running backs, and receivers to filter wise advice from emotion. Be the quarterback of your own home-buying process and you’ll be more likely to realize your dreams (and not the dreams of someone else).
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Summerlin Homes for Sale, Summerlin Real Estate, Summerlin Short Sales in Nevada, Keller Williams Realty

02-02-12
The Ballen Group - Las Vegas Real Estate Team


Summerlin Homes for Sale in Nevada

http://www.summerlinforsale.com - 702-604-7739 - Summerlin Real Estate Agents. Welcome to the Summerlin homes and real estate portal: your single stop for finding a home in Summerlin. Here you can search every available home for sale in Summerlin.

As of today there are many homes and properties for sale that are available to search. The number of homes changes daily, so be sure to keep coming back right here, to the best site for Summerlin homes for sale.

Neighborhood Info

In addition to Summerlin homes for sale, here you'll also find a comprehensive Summerlin School Report, full Summerlin demographics, and real estate insights second to none. Please feel free to browse the site to learn about Summerlin Real Estate homes for sale, and get in touch with any questions you may have.

Updated Daily

This site is updated daily with new Summerlin homes for sale and properties that come on the market in the Summerlin area. Often, homes are sold within days of coming on the market. That is why it's valuable to have the full, updated homes and property data on this website. Along with the ability to view Summerlin homes for sale, you'll also get the following when you sign up:

  • 1000's of Local Homes for Sale
  • Access to Virtual Tours
  • Knowledgeable Expertise
  • Accurate & Up to Date Content
  • New House Email Updates
  • Access to Full Home Details
  • Immediate Responses to Questions
  • Simple & Efficient Navigation

Learn About Summerlin Right Here!

It is very important for you to know the ins and outs of the town (Summerlin) you will be moving to. When you're making a decision to move, you want to work with the Summerlin real estate agent who has extensive knowledge of the area and can help you and your family prepare for life in Summerlin. Who better to answer your important questions like, "Where is the good Chinese place?" and "How far away is the movie theater?" Find out about what matters to you, such as the quality of the local school system, access to mass transit, and overall quality of life in Summerlin. Now you can take advantage of Summerlin expertise, get answers to your questions, and relax while all your needs for your upcoming move to Summerlin are taken care of!

To find out more about Summerlin, or to get in touch, please click here.

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