Below please find the standard and customary docs needed upfront for a smooth, streamline and successful presentation and acceptance of Purchase Agreement and a successful Close of Escrow for the purchase of Residential Property in Las Vegas, NV Real Estate arena of today.
FINANCING:
A pre-approval letter from a national bank with complete lender contact information and signatureon a company letter head stating the pre-approved amount that substantiates the purchase price with the principal/buyer name that is also on the approved loan.
http://activerain.com/blogsview/1002384/the-importance-of-a-pre-approval
PURCHASING WITH ALL CASH FROM A PERSON: Proof of Funds From...
A bank statement with verifiable funds to substantiate the amount of the purchase price with principal/buyer's name on it. (Truncation of account and social security number are acceptable)
PURCHASING WITH ALL CASH FROM A TRUST, LLC, OR CORPORATION: Proof of Funds From...
A bank statement with verifiable funds to substantiate the amount of the purchase price with principal/buyer's name on it.
(Truncation of account and TIN number are acceptable)
PLUS : Proof of Authority From...
Trust: Trustee docs
LLC: LLC Manager docs
Corporation: Articles of Incorporation
Julia St. Marie, ABR, RRG, RSPS
Certified REO Specialist
Phone: 702-355-H-O-M-E (4663)
Fax: 702-791-1094
July Real Estate Update from Julia St. Marie at Realty One
Here is a link to my "July Real Estate Update":
http://realtytimes.com/128/JuliaStMarie
This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.
This month's issue includes topics such as:
"The Contract Offer: What Price to Start With";
"Campaign To Extend and Expand Housing Tax Credit";
"Going Green May Help Sell Your Home";
"Housing Starts Are Up Again";
"Selling Your Home May Be Influenced by What Buyers Can't See";
Plus a roundup of June real estate activity as well as much more advice and information.
Should you or your friends/family have any Las Vegas Real Estate needs or questions, please feel free to contact me.
Thanks and have a great day! Julia St. Marie :)
http://realtytimes.com/reuv/LVrealEstateLady
Video Newsletter
INSURANCE MADE SIMPLE
Below please find INSURANCE MADE SIMPLE: This is an overall general view but not limited the insurances that a new owner may want or need to consider.
Hazard Insurance: Also known as homeowner's insurance. A policy that combines protection against damage to a dwelling and its' contents with protection against claims of negligence or inappropriate action that results in someone's injury or property damage. Homeowner's insurance provides fire, theft and liability coverage. Homeowners' policies are required by lenders and often cover a surprising number of items, including in some cases such property as wedding rings, furniture and home office equipment.
Buyer's Title's Insurance: Insurance that a buyer will purchase to guarantee the lender good title of the property; hence, protecting against any claims that arise from arguments about ownership of the property.
Owner's Title Insurance: Insurance that a seller will purchase to guarantee the buyer good title of the Property.... hence protecting against any claims that arise from arguments about ownership of the property.
Insurance coverage within the HOA: Insurance on the structure of the property, the common walls. This is usually included within the HOA monthly fees.
Home Warranty: Offers protection for mechanical systems and attached appliances against unexpected repairs not covered by homeowner's insurance. Coverage extends for a specific period of time.
Flood insurance: Generally required in high-risk flood-prone areas, this insurance is issued by the federal government and provides as much as $250,000 in coverage for a single-family home plus $100,000 for contents.
Mortgage Insurance Premium (MIP): A monthly payment for mortgage insurance. Mortgage insurance protects lenders against some or most of the losses that can occur when a borrower defaults. Mortgage insurance is required primarily for borrowers with a down payment of less than 20% of the purchase price.
Buyer should seek and communicate with their individual insurance provider of their choice to fully understand the complete and detailed aspects of their individual insurance coverage.
Should you or your friends/family have any questions about Las Vegas Real Estate, please feel free to contact me at anytime.....thanks and have a great day!
Julia St. Marie, ABR, RRG, RSPS, Certified REO Specialist
SUPPLY GOING DOWN-DEMAND GOING UP
Las Vegas Real Estate Market Report: 05/06/09
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (National Association of Residential Real Estate Investment Advisors). For the week of May 6, 2009, data is obtained from the Greater Las Vegas Association of Realtors MLS.
Single Family Residence (SFR)
Available - 12,084 (-543 , Last Week 12,627)
Under Contract - 9,301 (+127 , Last Week 9,174)
Days of Supply - 39 (-2 , Last Week 41)
Short Sales - 8,248 (+56 , Last Week 8,192)
Condominiums and Town Homes (CONDO/TH)
Available - 3,846 (-167 , Last Week 4,013)
Under Contract - 1,819 (+11 , Last Week 1,808)
Days of Supply - 63 (-4 , Last Week 67)
Short Sales - 2,125 (+20 , Last Week 2,105)
Combined SFR + CONDO/TH
Available - 15,930 (-710 , Last Week 16,640)
Under Contract - 11,120 (+138 , Last Week 10,982)
Days of Supply - 43 (-2 , Last Week 45)
Short Sales - 10,373 (+76 , Last Week 10,297)
For the complete Las Vegas Real Estate Market Report, including detailed tables and graphs, visit www.narreia.com/market/housingreports.php (login required).
This update has been brought to you by:
Julia St. Marie, ABR, RRG, RSPS
702-355-H-O-M-E (4663)
Your Lifelong Trusted Adviser
The importance of a Pre-Approval....
If you are looking to buy a home within the next few months, then I highly recommend that you get Pre-Approved. Many buyers apply for a loan and receive approval from a lender BEFORE searching for a home.
Why is pre-approval important at the beginning of the home-buying process?
Some buyers think that when purchasing a property it should go within this two-step order:
It makes sense to know your deal, before you make your deal.
FIRST STEP: Get Pre-Approved
1. The worst time for a buyer compete the loan process is after deciding on the property that they want to purchase. During this time, buyers are overwhelmed and may make haste to their complete their financing rather than making the best possible decisions for themselves. The buyer may put themselves in a position whereas there is no time to compare and shop around for their best possible interest rates, lender fees, and options for their mortgage financing.
What is the difference between a Pre-Qualification and a Pre-Approval?
Pre-qualified buyers are those whose lenders have determined how much they can borrow based only on information the buyer has provided to the lender and their credit report. Nothing has been verified to determine the buyer's true ability to obtain the loan. The pre-qualification is a brief quick look at the borrower's finances without any supporting documents from the borrower.
A Pre-Approval is a legitimate, bona fide, fully documented, comprehensive, no buyer surprises result; whereas the lender has already given the borrower the loan. The loan is only contingent on the property appraising for the sales price.
1. Pre-approval will determine your price range and narrow your search parameters. Based on your down payment and that pre-approved mortgage amount, you will know how much you can afford before you even start looking for a house.
2. Pre-approval can cut days or even weeks off the closing, because the lender has already conducted its credit analysis and approved you for a mortgage. Buyer is awarded with closing on time with no per diem late pay charges.
3. Pre-approval strengthens your offer and negotiating position. Stronger buyer position for current bidding wars for discounted REOs: A seller will often choose to accept an offer from a buyer who is pre-approved for a mortgage over one whose financial picture is still in question.
4. Pre-approval can better compete with all cash buyers.
For the buyer to be best poised, buyer to obtain A Fully Documented Pre-Approval from a direct lender.
I work closely with some reliable and reputable lenders that I will be happy to refer to you. Please feel free to contact me at anytime.....thanks and have a great day!
Julia St. Marie, RRG, ABR, RSPS
Realty ONE Group
702-355-HO-M-E (4663)
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Las Vegas Real Estate Certified REO Specialist
"The Entertainment Capital of the World", "Sin City", "What happens in Las Vegas, stays in Las Vegas", "America's Playground!","The Las Vegas Strip-One of the Seven Wonders of the World!"
Yes one of the most exciting cities on the planet is "On Sale." We are discounted 50%-60%. The opportunity of a life time for the savvy investor.
ATTENTION: First Time Home Buyers: $8K Tax Credit available to you for a limited time only.
No matter how you say it, Las Vegas does have something for everyone! Great job opportunities, affordable housing from single family residential to highrise, investment opportunities, the finest five-star restaurants, great schools (5th largest in the United States in the last six years), circumventing and breathtaking mountain views, fabulous nightly lounge and staged show entertainment, shopping from the ultimate designers to discount malls, golf courses and all sports, state-of-the-art fitness centers, parks and recreation, and the world famous Las Vegas Strip!! It is by far one of the most exciting places to live and visit on the planet!
If you would like to own a piece of Las Vegas, I will be happy to inform and direct to you the many opportunities that this fabulous city has to offer.
Please feel free to contact me at any time. I look forward to meeting with you and implementing for you a smart, smooth, and successful investment in Las Vegas. Thanks so much and have a great day!
Sincerely,
Julia St. Marie, RRG, ABR, RSPS
Certified REO Specialist
Attentive, Knowledgeable, Honest and Caring
702-355-H-O-M-E (4663) direct --702-791-1094 fax -- 702-898-0101 office -- JSTMarie@RealtyOneLV.com
1333 N. Buffalo Drive, Suite 190, Las Vegas, NV 89128
LVRealEstateLady Video
Looking to Relocate? Julia St. Marie at Liberty Realty..... A Real Estate Service Provider....providing extraordinary service for my clients that are seeking smart investments in Las Vegas, Nevada....The Entertainment Capital of the World. What is great service? Making sure that my client's needs are met to my client's 100% satisfaction. How about this aspect of great service......I always answer my phone. Backround and Training Working as a full time Realtor for since 2002 with designations of an Accredited Buyers Agent, a Risk Reduction Graduate, a Resort and Second Home Property Specialist, Certified REO Specialist, and an active member of the Greater Las Vegas Association of Realtors and The Las Vegas Highrise and Condominium Association. Specializing in Residential Condominium Highrise, Condo-Hotels, Lofts, Midrise, Condos, Townhomes, and detached single family residential. Attentive, Knowledgeable, Honest and Caring Call Julia St. Marie today at 702-355- H O M E (4663)
Dear Julia,
I've written this recommendation of your work to share with other LinkedIn users.
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Details of the Recommendation:
"Julia has represented me on over ten transactions; she has been timely, direct, and of high integrity. She has always done what weve agreed and has been a great partner in supporting RE Group, LLC." "Julia, Thank you for helping us purchase our very first home as newlyweds! We didn't know the first thing about real estate transactions but you really made the process of buying a home fun, quick and easy for us. Thank you again!" Love always, Lina & Ryo Kumon
***
"Hi Julia, The services you rendered were very helpful. Purchasing realestate from out of the area can be very scary, but you were always there making sure everything went ok. From the purchasing of the property to the closing you were right on top of things. You were superb!!!" Good luck, AL
***
"Dear Julia, As someone moving across country to Las Vegas, Nevada, with a pregnant wife and small child, Julia made us her first priority. From keeping in touch with us via email and cell phone to picking us up at our hotel when we were in town, my wife and I were objectively and well informed about the properties we viewed before eventually choosing our new home. And, even after signing the purchase contract, Julia continued to work for us until after escrow had closed. She is professional, motivated and genuine. I have not hesitated to refer her to our friends and my clients, and we will certainly seek her services again in future." James Harper, Esq.
***
"Hi, Julia! Time has flown! Thanks for everything. We enjoyed the condo for a couple of months and now have a nice young family living there. Tony and I both would like to personally thank you for all of your help. You opened our eyes to properties we would not have found. You were a great source of information for us and helped to walk us through it.
On top of that, you were always in communication with the sellers and the bank and myself. We really appreciate all your help. Thanks for everything! Take care and talk to you soon!" Elana
***
"Hi Julia....We really appreciated your attentiveness in all aspects of the purchase of our home. You simplified the process and put us at ease with your knowledge and expertise in real estate and the Las Vegas marketplace. You were always accessible to answer any questions or concerns. We would not hesitate to recommend you as a Real Estate Professional. Thanks again!" Christina and Mark Velez
***
"Julia St. Marie sold several investment properties for me during a time when the Las Vegas market was saturated with investor sales and in a location where there was much competition. I got a good price for my houses, even with all that competition. Julia was truly a full-service realtor in that her goal was to minimize the work and worrying I had to do. She used several means for advertising, some of which went beyond what I had previously experienced, and she coordinated the whole process for me. Julia is a true professional with an exceptionally colorful personality, and I was very satisfied with her services and results. I highly recommend her to anyone." Mike Lugo
***
"Dear Julie, I just wanted to thank you for all your hard work. I know I was probably one of your difficult clients to make happy but you succeeded. I am quite picky and indecisive at times and you were able to help me make all the right choices and decisions.
I was very happy with the outcome of the sale of my home and am very happy with my new home that we chose together. The neighborhood is great and the builder is exceptional.
When I am ready to sell and buy again I will call you. I am thinking of upgrading one more time before my son starts high school which will be August 2007. I will call you when I am ready to make a move again. Thanks again."Sincerely yours, Carol J. Hibbard
***
"Julia, Thank you so much, you have gone way beyond the call of duty and it is greatly appreciated. I haven't contacted Jeanne yet (Property Manager) but will it the next day or so, and as soon as I do, you can pass keys to her, I will have her make an additonal set for me. Your service has been impeccable, couldn't have done any of this without you! Elizabeth"
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