About Las Vegas' Centennial Park

Selling your own home is never easy, and the difficulties ran more than just missing an agent. There are those memories and sense of belongings to get over, for one. You want to make sure the house you've lived in moves to the best buyer possible - and you want to make sure they're willing to pay what it's worth. Do you really think you can do this? A lot of people managed to sell their own home quickly. Here are some tips that might help:

· Make sure you have every legal issues covered before you even think about handing your house over. Does your state law require you to give property disclosures to potential buyers? It's always a good idea to invest in a good attorney to help you.
· An attorney also come in handy for helping you make the contract form. Selling your own home requires a contract that would both protect you and the buyer - think about the buyer deposit and the local estate laws.
· A useful but normally disregarded tip in selling your own home is make sure you pick out the best picture to put in the advertisements. Like humans, not all houses are "photogenic", so pick out the best angle that still represents what your house has to offer.
· Something the agents have and you don't is experience, especially in observing buyers. The large amount of potential buyers coming to your house should not convince you that everyone can finance for a house. If you're selling a house on your own, more buyers will come in hope of a more flexible negotiation - check them all. Ask if they're able to buy your house immediately, or do they need to sell their own house first.
· Cleaning and preparing your house for home showings is only a part of your effort. Some potential buyers love to do drive-bys, and rely on that first impression. Make sure your lawn and the front part of your house is well maintained. If your curb appeal is low, clients are reluctant to see what's inside.
These tips on selling your own home came from people who managed to sell their house successfully. There's a lot to consider before you take every next step, so take your time. And remember, it's useless to do the selling on your own if the revenue taken from not hiring an agent is spent heavily on fixing your own mistakes!

FHA just relaxed the anti-flip underwriting guidelines for purchasing a home. You can read about it here (Nevin Williams) and here (Esko Kiuru).

This is not an "informational piece" on how FHA has relaxed the guidelines. This is in depth real estate chat for: "Why did they do this and why did they do it for only 1 year?"

Basically true REO were exempt from the rule before (when a house went "back to the bank") but third party or private party investors who purchased property at the trustee's sales were not exempt. Read about the flipper and trustee sales if you aren't following me here..

For the Trustee Sale Flipper: this kept a solid 30% of their buyers out of the game. I have also been watching the sales types (trustee sale flips) gain steam through my BPOs.

What's going on here? Are the banks getting ready to dump some of that infamous "shadow inventory?"

Clearly this strategy of opening up 30% of the market to "The Flippers" will create furious bidding wars at the trustee sales thus driving up auction sale prices for the bank.

The banks would be able to completely dispose of their inventory and be done with it. This would, in turn, leave investors holding the bag this time around for declining market scenarios (falling prices.)

Banks will take their cake and eat it too. Screw the little guy. What a perfect set up, if shadow inventory does exist.

What say you? (fyi, this is not a "Republican" or a "Democrat" scenario, both love to enable big corps)