All Forum Posts by: Bruce L.

There are no inventory in Vegas, just about everything that comes up for under $120K, SFR comes on the MLS already under contract to a cash buyer that I'm sure the realtor already lined up ahead of time.

A lot of realtors to listing it really low, like 70% of market value, but I heard the banks will counter back to market value.

It is true that most buyers now a days post year 2013 are not able to get the banks to approve short sales at a discount anymore.

I heard now, the bank is countering back pretty much at market value, is that the case for you guys?

Are you still able to get banks to approve short sales for a discount?
If so, at what price range and how much of a discount compared to market value?

Hi,

So, I'm looking at buying a property and walked around the neighborhood and happen to talk to a guy that told me that a while back, there was some plumbing issue in the neighborhood.

Some vendor was going door to door fixing something with the plumbing. I'm just wondering is there a database or anything that I could get the background information on a property? Maybe there's a construction defect database somewhere?

The sellers are suppose to disclose information like that, but I'm sure not all seller's know or will tell you.

Thanks.

Just got my check back from my realtor, I just had to keep pressing her.

In the future, I will under the earnest money section "upon written acceptance". Thanks Joel!

Investor are going nuts for anything less than $125K for a single family home in a decent area with 3 bed, 2 bath, 1980+

About a dozen phone calls day of listing and usually 3-6 offers the first day.

This house would rent for about $1000 - $1100/mo.

I have putting bids on these types of homes the day it's listed and I moved really fast on this one. Basically, it was listed at 8am, I called at 8:10am, and tied up the property with a verbal acceptance at list price by 10am.

Hey guys,

So, I'm currently under contract for a SFR here in the Las Vegas area. It's a 1200sqft single family home, 3bed, 2 bath, build in 1985 in a pretty nice area. The sellers was tried of being a landlord and didn't want to make any improvements on the property before selling so they listed at last sales price of $100k.

The house needs paint, flooring, granite counter top, appliance and some minor repair. It would cost me about $7K to make the place pretty nice.

The sale is a regular equity sale, not a REO or Short. I should be closing in a couple of weeks.

My question is, because of the extremely low inventory here in Las Vegas, I was thinking about just re-listing the property as is and sell it for $120K, which would be about $100sqft.

What do you guys think?
What would you guys do and why?

Thanks you guys!
I *67 the realtor and she told me that it will be dropped off in the mail today. I will give her until Tuesday, if not I will go ahead and contact the broker.

The check is made out to Ticor Title with the address of the property I made the offer on. I'm assuming the only person that can cash it is the title co. I can't imagine them trying to cash it out.

So, I wrote an offer for a house that didn't get accepted, I tried to contact my realtor several times, and she's just ignoring me.

The check was for $2000 and was made out to a title company. I guess I could pay my bank to cancel the check, but I rather not.

Is there anything else I could do?

Thanks guys.

I have a house paid free and clear and I'm thinking about buying a smaller house to live in with a loan and rent out my big house. Does anyone know if I will get questioned as to why I'm buying a smaller home?

Will they try to charge me a higher interest rate because they might think it's a rental?