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Paul Francis, CRS - 702.592.3058 - www.LasVegasRealEstateHome.com

Summerlin Home for Sale

Summerlin Home for Sale in Brookfield. Take a look and view more Summerlin homes for sale at our community details for more great Summerlin Real Estate.

Paul Francis,CRS | Prudential Americana Group | 702.592.3058
Fantastic Price in Summerlin!
4BR/2.5BA Single Family House
offered at $215,000
Year Built 1999
Sq Footage 2,100
Bedrooms 4
Bathrooms 2 full, 1 partial
Floors 2
Parking 2 Car garage
Lot Size 4,791 sqft
HOA/Maint $43 per month

DESCRIPTION

Great Home in Summerlin. Visit www.LasVegasRealEstateHome.com for more pictures and information! To see all homes available for sale in this community, please visit Summerlin Homes for Sale - Brookfield

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Family room
Living room

ADDITIONAL PHOTOS

Seller contact info:
Paul Francis, CRS
Prudential Americana Group
702.592.3058
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Nov 16, 2008, 8:54pm PST

Sarasota Association of REALTORS - Who Does It Really Hurt??

Wicked Witch of the Sarasota Association of REALTORSThe Sarasota Association of REALTORS fulfills my Prediction from Long Ago - MY Predictions of What is NEXT

Laurie Manny of Long Beach Real Estate made a comment on Inman news concerning the Sarjacking of Marc Rasmussen's site that brought back memories of a Featured Active Rain Post I wrote about long ago.

(For the record, it was me she was referring to in that comment of the Inman News post concerning the Las Vegas REALTOR that lost their domain name. The only correction I need to make on that comment is that I did not put up a fight to keep the domain name in question. It was an obvious violation that I should have researched into a little more before just doing a clever domain name and investing a lot of time and money into it.)

I'm sure she was bringing up the Featured Active Rain Post I wrote about concerning the subject of the use of "MLS" back in March of 2007 when thoughts of banning the use of MLS in domain names began rearing it's ugly head.

In the post, it mentioned the loss of love the Greater Las Vegas Association of REALTORS and National Association of REALTORS gave me when a website I owned was taken away from me for the improper use of "REALTOR" in the domain name and then picked up by Non REALTORS who turned it into a referral site.

What I thought was really Cruel was the demand that I could not even forward that domain name to the new one I ended up with and still have to this day. (Ironically, very similar to Laurie Manny's Long Beach Real Estate site. Just switch out the cities we service. Great minds think alike. ;).)

The thought of banning the use of "MLS" on websites and domain names owned by REALTORS first began circulating at this time and one of the largest Multiple Listing Services in the United States (hint -- it's in the same city as NAR headquarters) decided they were going to start fining REALTORS that used "Search the MLS" on their websites. I had a few choice thoughts on that and especially some questions on how they were going to enforce that rule against non REALTORS.

ESPECIALLY since

MLS is trademarked by Major League Soccer

.

From that Post back in March of 2007:

"My issue and for anybody who belongs to an association: We are paying dues to belong to an association that is supposed to look out for us! If you pay for access to a MLS... then you should be able to advertise it. I am a REALTOR. I pay dues to the National Association of REALTORS, The Greater Las Vegas Association of REALTORS, and the Nevada Association of REALTORS. I expect those dues to protect the trademark of the Association that I belong to and not fine members that pay into the Association unless they are in complete non-compliance of the use of the trademark. If your only policy is to go after members of your own association and not violators of people who do not pay and contribute into the association, then why are we paying to belong to an association that only threatens it's members???????

Associations are great, don't get me wrong. But if the association created by you with your funds is not looking after you.. then something is wrong. If the only enforcement of rules can be used against it's members that make up the association... then something is wrong with the system.

Members get penalized, but nothing happens to non-members? You've got to be kidding me! I am a member of one of the oldest fraternities in the United States.... perhaps my definition of an association is skewed by this but I think that if I pay money into something that exists due to my contributions..... then legal force should be in effect for non-paying members and not penalizing members. (Or at the least.. going after Non-Members first.)"

I still believe that Today.

Where we have been and where are we going in the online world of real estate?

SarJacking Should be A CrimeUnless you are a REALTOR that is really clueless with what is going on with the online real estate world, by now you should have heard about the Sarjacking of a particular domain name that was owned by a Member of the Sarasota Association of REALTORS. A member of the Sarasota Association of REALTORS named Marc Rasmussen who purchased and invested a lot of soul into an incredible website that all REALTORS should look at and strive to provide such a great and simple localized real estate site to use. Zillow, Trulia and even Realtor.com have nothing on this site for great localized real estate. The Sarasota Association of REALTORS has nothing on this site and that could just be the problem.

Due to the Sarasota Association of REALTORS led by a President that may have a conflict of interest in this matter, I'm not even going to mention the domain name in question since the Sarasota Association of REALTORS has now taken over the domain name and has taken all of Marc's hard work and love and re-directed it to the Sarasota Association of REALTORS site.

Instead, I want you to look at Marc's incredible Sarasota Real Estate site. In case you've been too busy cold calling prospects, knocking on doors, spamming e-mail flyers, telling everybody you know that it's a great time to buy, writing your own PR newswires, spamming real estate forums, or just creating a bunch of internet noise to clog up the search rankings, take a look at this great blog post by Judy Orr who specializes in Cook County Real Estate that highlights all of the blogs from some serious real estate bloggers concerning the Sarasota Association of REALTORS hijacking a members domain name:

SARASOTA Association of REALTORS Begs REALTORS to let them Know who they work for.

I firmly believe that my dollars would be better off going to the Legal Fund for Marc Rasmussen that has been set up by Knox Richards then my REALTOR dues if it was not for the fact that I have to pay REALTOR dues for access to the Las Vegas MLS.

The Sarasota MLS Gets Jacked

(Photo Courtesy of Knox Richards at Denver SEO Web Guy)

Unfortunately, despite the uproar on this thievary of a domain name that has been questioned by online real estate agents across the nation that are far savvier then anybody you will find at headquarters on Michigan Avenue, the National Association of REALTORS (NAR) has been completely silent on this issue.

Which leads me to the concern I have from a meeting that I was in with the COO of a particular Luxury Real Estate franchise which is part of the most prominent Real Estate company in the world back in September of 2007.

"We don't want Individual Real Estate Agents having their own websites or blogs or advertising their own names. We want them promoting the Franchise and Company name."

Shortly afterwards, the Broker/Owner of that Luxury Real Estate firm I was affiliated with wanted complete control of all the leads being generated from my website which was firmly denied. My website was far ahead of theirs in the search engine rankings for the Luxury real estate market in question. Google Analytics showed me all of the visitors from New Jersey so it was no surprise when they realized there was no way they could take me out from the top of the search engine rankings for their terms that I was told that I would have to turn over control of the leads generated from the site or leave the company.

I left the company. Within 24 hours my website company can verify the letters of harrassment I received to remove their logos and names off of the website which was borderline psychotic.

With the silence of the NAR on the issue of the Sarasota Association of REALTORS concerning this very hot topic of stealing a domain name away from Marc Rasmussen, could other things be brewing on the horizon?

Do not underestimate the influence that Major players have on the National Association of REALTORS and the local Boards. And when their profits are down, they are looking for ways to get their profits back up. The work of the Sarasota Association of REALTORS and the silence of the National Association of REALTORS on this subject should be of grave concern to all individual REALTORS out there that understand why the NAR, the State Associations and the Local Associations are supposed to exist in the first place. To keep the playing field FAIR and Balanced for Big REALTORS and Small REALTORS alike.

The Associations exist because we PAY for them to exist and when a fellow individual member who has put an incredible amount of HEART and SOUL into a site is bullied around by an Association led by the owner of a rather larger Luxury Sarasota Real Estate Brokerage, questions need to be asked and ANSWERED.

Make no mistake that the internet is the Great Equalizer of the Real Estate Playing game. Savvy Real Estate agents know this and so do the crusty ones who are starting to catch on and applying retroactive rules to it's members.

Be Very Well Aware that the National Association of REALTORS has a job posting out there for somebody to monitor the internet. Much like Drew with Zillow and Rudy of Trulia always seem to pop up when their respective company names are mentioned on the internet.... the NAR may also soon have a Big Brother watching you to insure you have good things to say.

As Drew and Rudy will tell you, whenever I see an attempt to brainwash REALTORS, I'm right there along with several Real Estate Internet Savvy REALTORS to balance out the argument.

Unfortunately, this next Big Brother will have the power to pull your MLS access from you or steal your domain name if you don't follow along with their theme song.

Worse yet... they will steal your SOUL just like the Sarasota Association of REALTORS has attempted to steal Marc's and that's the last thing we need when it comes to Real Estate Websites.

I sincerely implore you to support Marc Rasmussen, a fellow REALTOR in this fight to remind all Associations that they exist because of us.

Paul Francis, CRS
Las Vegas Real Estate
702.592.3058

UPDATED with Relevant Reading on the Topic:

Read Marc's Take on the Subject about The Sarasota MLS fiasco.

The Sarasota MLS - The Sarasota Association of REALTORS Hijacks a Members Website

Sarasota Association of REALTORS - The Real CyberSquat on Bloodhound Blog

Sarasota Association of REALTORS Slaps one of it's Own by Ryan Ward

Unite Against the Sarasota Association of REALTORS on WannaNetwork

Sarasota Association of REALTORS - Sarasota Real Estate is History and You may be Next by Joe Lane

Sarasota MLS Begs for Negative Publicity by Judy Orr --- LOTS and LOTS of Links to Plenty of Resources to view what Everybody is Saying about this ordeal.

Sarasota Association of REALTORS vs. REALTOR on News for Real Estate Agents -- Great Opinion on why this was done to begin with and Resources Provided on What you Can Do About It.

Sarasota Association of REALTORS takes Down REALTORS Sarasota Real Estate Website -- Cal Carter provides a great review and includes a list of Officers and contact information for The Sarasota Association of REALTORS. YIKES!

Feel Free to Let me Know when You Add Your Take on the Subject!

Las Vegas Foreclosures for Sale

Las Vegas Foreclosures for Sale

Currently available Las Vegas Bank Owned Homes on the Las Vegas MLS for sale equals 5,664 for areas 101-606. (Las Vegas, North Las Vegas and Henderson NV Real Estate.) A further breakdown:

  • 4,436 Single Family Homes
  • 844 Las Vegas Condominiums
  • 377 Las Vegas Area Townhomes
  • 7 Manufactured Homes

As classified by Bank Owned Listing agents for Summerlin Real Estate, there are 139 Summerlin foreclosure properties for sale and a further breakdown:

  • 111 Summerlin Single Family Homes
  • 20 Summerlin Condominiums
  • 8 Summerlin Townhomes

For Spanish Trail Real Estate, there are 3 Foreclosure Homes for Sale and a further Breakdown:

  • 1 Single Family Home in Spanish Trail
  • 2 Townhomes in Spanish Trail

Rhodes Ranch Real Estate, 37 Rhodes Ranch Foreclosure Homes for Sale

  • 31 Single Family Homes classified as Bank Owned Homes for Sale
  • 6 Rhodes Ranch Condominiums

Lake Las Vegas Real Estate - 54 Bank Owned Lake Las Vegas Homes for Sale

  • 27 Lake Las Vegas Conominiums
  • 18 Lake Las Vegas Homes
  • 9 Lake Las Vegas Townhomes

Desert Shores Real Estate - 37 Desert Shores Bank Owned Properties for Sale

  • 24 Desert Shores Condominiums
  • 13 Desert Shores Condominiums

Green Valley Ranch Real Estate - 23 Green Valley Ranch Bank Owned Properties for Sale

  • 15 Single Family Homes in Green Valley Ranch that are bank owned
  • 7 Green Valley Ranch Condominiums
  • 1 Green Valley Ranch Townhome

ManHattan Condominiums - 18 Manhattan Condominiums that are Bank Owned for Sale on the Las Vegas MLS

Mountains Edge Real Estate - 75 Mountains Edge Properties for Sale that are classified as Bank Owned on the Las Vegas MLS

  • 69 Single Family Homes in Mountains Edge that are Bank Owned
  • 6 Townhomes in Mountains Edge that are Bank Owned

Luxury Las Vegas Real Estate (Properties priced over $750,000 on the Las Vegas MLS)

  • 44 Las Vegas Luxury Properties that are Foreclosures Priced over $750,000
  • 40 of these are classified as Las Vegas Luxury Homes
  • 4 of these are classified as Luxury Las Vegas Condominiums

Information deemed reliable but not guaranteed. Information supplied by the Las Vegas MLS. Please use the information below for your source for Great Las Vegas Real Estate!

Paul Francis, CRS
Las Vegas Foreclosure Homes
702.592.3058

Specializing in Las Vegas Foreclosures and helping Las Vegas Homeowners with Short Sales in the Great Master Planned communities of Las Vegas.

Las Vegas Foreclosures for Sale

Las Vegas Foreclosure Homes

Las Vegas Bank Owned Real Estate Agents continue to be busy as the number of Las Vegas Bank Owned homes available for sale on the Las Vegas MLS continues to climb.

As of today, proud Bank Owners have 5,415 Las Vegas Homes, Condominiums and Townhomes (6 Manufactured Homes) available for sale.

  • 4236 Single Family Homes
  • 821 Condominiums
  • 352 Townhomes
  • 6 Manufactured Homes

For a breakdown on price ranges available, you can visit this Las Vegas Real Estate Trends blog. For your own list of Las Vegas foreclosures (ABSOLUTELY FREE!!) on the Las Vegas MLS with criteria that meets your needs, you can visit this Las Vegas Foreclosures request page.

Paul Francis, CRS
Las Vegas Bank Owned Homes
702.592.3058

 

Las Vegas Real Estate Trends

We are often asked "What the Listing Inventory" is for Las Vegas real estate and it's often cited in the local news such as the Las Vegas Review Journal.

I never have really liked basing a decision to buy Las Vegas real estate because of the amount of inventory available and that's because there are so many more factors that are more important in my opinion... like..um... does it make financial sense?

Back in June of 2004 when the Las Vegas real estate inventory numbers were ridiculously low, it was pretty common to hear that "you've got to buy now, we are running out of homes", land, etc.. Appreciation was going through the roof and it seemed buyers were buying anything that had a roof on it -- no matter what the price was. (And honestly, I still have to shake my head and consider some of the new subdivisions thrown up to meet the demand a travesty that they were even approved in the first place.) All of a sudden, everybody became an expert in real estate investing, ARM's started being the preferred method of financing.. and here we are today. (If it was really all so easy... everybody would have been millionaire real estate investors decades ago.)

With a normal real estate market, Available inventory can be a somewhat important gauge but it's important to understand who it affects the most and that is the Las Vegas real estate seller. Low inventory, less competition in showing your home to prospective buyers. More Inventory, more competition... simple as that. Las Vegas real estate buyers do not have to buy under either condition and if prices don't make sense.. it's as simple as not buying and inventory levels will eventually go back up and balance it out. (I never remember a shortage of rental homes available or a big spike in rents so it's not like people did not have a place to live. And yes.. I did rent homes out during this entire period and the phone was never ringing off the hook with a line of people waiting to move in.)

Unfortunately, auction concepts applied to the entire real estate industry does more harm then good in the long run.

Las Vegas real estate has not been a normal market for quite some time. We went from an extreme sellers market to an extreme buyers market and all the while, New Las Vegas home builders were adding to the inventory trying to keep up with the artificial demand. (You've got to buy now, appreciation is 20%+ a year, prices go up with each phase... all the wrong reasons to buy.)

Regardless of what's happened in the past, here is what's happening today that you need to be aware of. Listing inventory being reported in the Las Vegas Review Journal has been going down but it's still the wrong gauge to base your buying decisions on and that's because of Las Vegas Short Sales, the number of Las Vegas homes being taken off of the market due to the sellers giving up on getting their price, the number of homes that are still on the market that are way out of the selling activity range, Las Vegas bank owned homes that are going to be coming on the market and the number of Las Vegas short sales in a contingent/pending status that may never be approved by the bank.

In other words, Las Vegas is still not a normal real estate market and basing your Las Vegas real estate buying decision based on inventory reports may not be in your best interest. Buying Las Vegas real estate because it makes financial sense is...

Yes... there are multiple offers coming in on bank owned Las Vegas homes that are priced below current market value but not on all of them and then let's not forget the ridiculous offers submitted for Las Vegas bank owned homes which still count as offers even though they are not worth the paper they are written on. Some of the terms and quotes I've read such as "feeding frenzy" would make you think you are missing out on something. Were you really missing out on anything if you did not camp out for days waiting to buy a new home during that supposed "VIP Grand Opening"? (I've never seen so many VIP's.) Would some people have paid the prices they did if they had the time to actually contemplate it and not fear that the 500 buyers behind them on the "VIP List" were going to buy it if they did not? These were all auction concepts (get several people in one place at one time and create urgency) and they were based on the reporting of low inventory. (Long story on how that was created and events in 2001 played a factor in this.)

In my opinion, it's been the best time to buy since early 2004 and that's because of prices... but don't get caught up in it and buy for the wrong reasons. Is it better then late 2001 or early 2002 on a pure investment analysis? My opinion.. No... and that's where inventory comes into play. Will we see the same opportunities we saw in 2001/2002? Tough to say with all of the uncertainty that still needs to be played out so I can't honestly say to wait. But, I can't tell you that you have to buy now either and I certainly don't advise our clients to up the bid in a multiple offer situation if it goes above our strike price.

Sound complicated? It is...We are dealing with mentalities, an increase in commodity prices, a slowing down of the national economy and even award winning internationally known economists are at odds of what is exactly going on.. Sorry, but I have to laugh when somebody gives a definite answer on this topic when investors far more educated with Master degrees from world famous business schools can't give a definite answer.

But.. if you buy right to begin with, you should be able to weather the storm. In other words, buy for the right reasons. Experienced real estate representation can help you determine if your reasons are the right reasons.

My wife and I are primarily a referral based real estate service and look at things a little closer... We have to because our business is based on previous clients and their referrals since 1997 and the long term trust of our clients is everything. We can't always tell you what you want to hear, but we certainly tell our clients what they need to hear.

As always, you can contact us with the following information below.

Paul Francis, CRS
Coldwell Banker Premier
Las Vegas Real Estate
702.592.3058