So I Ask Again How Serious Are U About Buying A Home
So I Ask Again How Serious Are U About Buying A Home
ahhh.. the shift!!! most real estate agents dread
this. They want to keep the momentum going, and BAM!! a shift
happens. The professionals expect, know and shift with times, the newbie’s
on the block, falter, curse and goodbye career.
Statistics: as of june 8 2013
Available homes: 4472
Contingent home sales (keep in mind these are short sales, bankruptcy and etc):
Pending home sales: 1580
last 30 days 3484 sold homes.
Prices are moving higher: Yes they are!!!
Are homes overpriced: I don’t think I even need to answer this.
However it is a good question. compared to Other states we are a
steal. Do we have a good rate of return for long term holds.
Absolutely - due to high transiency rate. Are people willing to 20-40k
over price for a turn key home - YES they are. guess what!!! they don’t
even blink at it.
Are sellers getting greedy and greedier. Yes they are - we are even
hearing that it’s possible that fannie mae will not pay for anything including
the sellers title policy (say what!!!). Sellers want you to pay for their
negotiator, real estate transfer tax, HOA contributions and etc.)
Are there still deals to be found: Hell Yes!!!! - Having a good
agent is a must. Stick with one agent that you trust. After all
with inventory as low as it is - your only writing on the same properties.
Should you go with the listing agent. The biggest question we have is
this one. My answer is the following. Why does it matter who
you go with - it’s what You the buyer wants to pay for a home. Most
listing agents in fact will not write an offer on their own properties due to
the legal aspects of it. Your best bet as a buyer.. is to hunt and find
that realtor and GET EDUCATED!!!. Loyalty is two way street. If your
realtor knows that you are going to stick by them, they are going to work
harder for you. After all realtors don’t get paid unless a deal
closes. Make sure your agent is an expert in their field. REMEMBER
- the listing agent represents the seller.
Appraisals: Some appraisals are pulling through, however most of them are
lower. Sellers are asking for buyers to pay above appraisals. Keep
in mind, if your agent doesn't know what they are doing, you can lose your emd
on this one. Best bet to cap your payment above appraisal.
Cash vs Loans: cash is still KING... however, we are seeing loans getting
accepted, especially FHA - so good news for buyers with low cash.
However, keep in mind that if the property is in bad condition FHA will not
work. Most banks do not want to pay for repairs.
Are there any properties under 100k - very little :( and be prepared to be in a
Are there more bank owned properties coming on the market: I have been
hearing for the last two years that we would be seeing more inventory. So
note: don't expect it to happen until it happens. More NOD's are
posted... yet !!!!! Nada!!! slow trickle.
My next blog will be on the new laws.. because pretty much they are new and no
one knows how they are going to affect our market here.
When we see loans accepted over cash... a shift is happening. When I see
my agents getting offers accepted over everyone else... I know a shift is
happening... out with these old bad agents.. the experts always WINS!!!!
Author:Brenkus Buyer Phone: 702-752-0044 Dated: June 8th 2013 Views: 1,037 About Brenkus: ...
About Keller Williams Marketplace - Brenkus Realty Network
Rick and Teri Have been top producers for over 30 years in the Southern Nevada and have been ranked in the top 50 agents in the US by the Wall Street Journal out of over 1.3 million agents. They have sold over 7,000 homes in both stable and challenging markets. Their strategies and incredible systems to represent buyers and sellers can not be matched! Sellers enjoy netting top dollar in the least amount of time with their massive marketing and ability to stay ahead of the curve! This Top Producing Team has consistently been in the top 1% of agents Nationally for the last 30 years. They are national speakers and are highly sought after by many who want to get to the next level in their business. They also serve on Professional Standards at the Greater Las Vegas Association of Realtors and are Senior Faculty Instructors. Their list of credentials are endless!
Before you make any decision to Buy, Sell or Invest in Real Estate, be learning based and discover all the benefits, strategies and techniques Rick and Teri Brenkus offer to their clients..... You will be glad you did!!! 702-456-5959
There is no other place like Las Vegas. Not only is it a thriving cit
"when we decided to list our home in North Las Vegas, I researched several companies and set up interviews with them. After meeting with Rick in our home, we knew Brenkus Realty was the right fit for us. Our home sold quickly. Everyone at the Brenkus team with whom we came into contact was extremely professional. courteous, responsive, and diligent in executing the tasks at hand to bring the sale and close of escrow to fruition. We were especially impressed with our Brenkus escrow manager, Rachel Monfort. We are relocating to North Carolina, but if we needed another real estate company in the Vegas area, I would definitely choose Brenkus again. "