Steve Harless "Your Las Vegas Real Estate Connection"

There are tons of foreclosures to choose from In Las Vegas. Where do you start you may ask your self?

You start by choosing the area from which appeals to your interests. Golfers, have needs. There are many outstanding golf communities here in Las Vegas. People that love the water choose to live close to Lake Mead. I'm sure you get the ideal.

So let's say you have your letter of pre-approval or proof of funds for cash, that you are locked loaded and ready to pursue a property. what next?

The Offer

Plain and simple, this is where I have been seeing the most fumbling in our business.

In an obsession of getting the lowest price, people UNDERBID on a house and hope the banks counter back an offer.

These days what I am finding is the banks are inundated with these types of offers and simply are interested in looking at the highest and best offers.Trophy properties are getting multiple offers because of their location. Because of this the banks simply don't have the time to go back and forth with low ball offers and people are left standing wondering "What went wrong with my offer?" Moral of the story. There are some outstanding properties that are up to 50-60% off of market highs from 2005-2007. The banks have already done BPO's (broker price opinions) and already know what the REO/Foreclosure homes are dealing with are worth.

PUT IN YOUR BEST AND HIGHEST OFFER AND YOU WILL GET THE PROPERTY OF YOUR DREAMS!

*All blogs written here at active rain and ViewLasVegasRealEstate.com are the personal opinion and from the personal experiences of Las Vegas real estate agent Steve Harless - Realty World Luxury Homes - For personal consultation, call 702-217-1680.

Greetings all! Lately I have been finding stunning, drop dead gorgeous homes for my clients and people in my office have asked how I have been doing it so I thought I would share it with my fellow agents on active rain.

1. Start your Search for homes in the desired area & price range on the MLS

2.Look for 1-3 year old properties in newer areas that have taken a beating with many foreclosures/reo properties available for sale.

3.Personally I do not prefer to work with short sales as they take 3-6 months to close and many buyers lose faith and move on to quicker 30 day closes, so I skip the short sales in the search.

4.Once I have identified the best priced available properties, I call the listing agents for availability and to make sure there are no current offers on the home.

*note: It is mandatory that all of my clients have a loan pre-approval BEFORE we start our search

Then we are out looking for homes!

If this sounds like something you are interested in pursuing, give Steve Harless a call at 702-217-1680 and let's start your home search today.

steve@viewlasvegasrealestate.com

Las Vegas Realtor Steve Harless - Your family's advantage in the fast changing Las Vegas real estate environment is an Internet savvy Realtor with years of experience that knows first-class service and a top las vegas high rise condos and Las Vegas Real Estate Realtor-specialist online for Las Vegas homes and real estate.

My intention as an agent is to assist and protect my customers at all costs; with that being said...It still amazes me that when you explain to future home buyers the importance of getting pre-approved for a loan and that it assists & steamlines the homebuying process that many people balk at giving you their personal information. Guess it is out of fear of identity theft that they refuse to cooperate.

Maybe it is because of the recent events in the media in regards to the stockmarket/real estate, I'm seeing a lot more mistrust from the general public then before the housing crisis and wonder sometimes if consumer confidence will ever come back.

Once we both meet, you will find that my style and attitude of assisting homebuyers will put you and your family at ease. I'm very easy going and non-threatening and will listen to your housing needs.

Remember, first and foremost my job as a real estate agent in Las Vegas is to simplify the process for you and protect your interest. I have a fiduciary obligation to assist not only you, but all of my clients.

Here is a good way to compare the home buying process; I relate it to dining out....you go to the restaraunt, look at the menu, discuss with the waiter what you are looking to eat, and then you proceed with ordering...etc....

In real estate, you choose an agent that will help you get pre-approved for a home loan so the buyer can know exactly what their purchasing power is, and it will let them get an ideal of what the monthly payment will be. Getting pre-approved for a loan takes 5-10 minutes, and once you have the pre- qualification letter, it shows the seller that you are serious about purchasing their property and can put in bids below the asking price in many cases.

However for me there is nothing worse then wasting time looking at homes that are not affordable for the buyer because their agent has not done their job by assisting in the loan preparation process. Years ago,when I was just starting out in the business, I would take anyone out to look at homes. I did'nt know any better so it did'nt take long for me to learn that I was not doing the client or myself any favors by skipping the loan approval process.Being a trusting person, I used to take people's word that they did'nt have any late payments, liens, missed child support, bad credit... etc. I wasted my client's time and my own as well. That was then, this is NOW!

Once pre-approved for a loan, the next step is to sit down with your agent with all parties that are decision makers and view homes online that fit your criteria on the multiple listing service before going out to look at homes. This way, you can narrow your search down before driving all over town and you can select homes from any location or area in Las Vegas. (In many cases, the other spouse is not available to look together and so by the time a home has been identified and you both look at it, it is already sold. this is common in a hot foreclosure/REO market like Las Vegas. So do yourself a favor and make sure all parties buying the home are together when home shopping.)

It is important that your agent pre-call the listing agent, so as to not waste everyone's time. There may be multiple offers on the home or the home may be sold already. Often, there are situations where homes that are listed have been pulled for auctions. Many times there are people living in the home and an appointment needs to be made to view the home at a convenient time for the homeowner.

Hopefully, this will give you an ideal of the homebuying experience in Las Vegas.

If you are out of state, or would like a relocation guide to Las Vegas real estate, click here then call Steve Harless at 702-217-1680 to assist you on your upcoming move. Hope this article helps you. best regards, Steve

good news....Sales of new homes rose an estimated 2.7% in September to a seasonally adjusted annual rate of 464,000 in September, the Commerce Department reported Monday, close to the 460,000 pace expected by economists surveyed by MarketWatch. Sales surged 23% in the West, bouncing back from a similar decline in August. Nationally, sales in September were down 33% compared with September 2007. The inventory of unsold homes fell a record 7.3% in September to 394,000, the lowest in four years. In the past year, inventories have fallen 25.4%, the biggest drop since the government began tracking the data in 1963. The median sales price fell to $218,400, down 9.1% in the past year.