Summerlin & Las Vegas Real Estate Best Values

Best Real Estate Deals in Summerlin and Las Vegas

Week of June 19, 2008

The three the best valued homes I have found on the market this week are in the Master Planned Community of Summerlin,located on the west side of Las Vegas in zip codes 89138, 89134. These are some fantastic buys for first time home buyers, move up homeowners and investors alike. With FHA increasing their loan limits to $400,000 and the availability of their Nehemiah Loan program a first time home buyer can buy any of these homes with zero down and minimal closing costs upon qualifying. Call me if you have any questions or would like to discuss this in greater detail.

To sign up for the most advanced home search system to find the best available homes yourself just click here for a demo.

Do you know your homes value? Click here to receive a FREE Fully, interactive report on your homes value in minutes. It’s free with no obligations. Try it.

Best Las Vegas Real Estate Deal #1

721 La Tosca St.  Las Vegas, Nevada 89138   MLS #834004

4 Bedrooms, 2- Full & 1-1/2 Bathrooms, 2 Car Garage, 2532 Square Feet and built in 2004. Asking price is $299,900 or $118 per Square Foot. It is located in the Capri Subdivision in the Vista’s Community of Summerlin.

This is a bank owned property. It has been listed and available since June 10, 2008 with no price changes. 

Best Las Vegas Real Estate Deal #2

 

617 Apricot Rose Place. Las Vegas, Nevada 89138   MLS #835799

3 Bedrooms, 1 loft, 2.5 Bathrooms, 2 Car Garage, 2440 Square Feet and built in 2006. Asking Price is $279,900 or $113 per Square Foot. It is located in the Mariposa Subdivision in the Paseos Community in Summerlin.

This is a bank owned property. The bank purchased the property back on January 25, 2008. The previous owners purchased the home in September of 2006 for $472,442. The owner was asking $365,000 on January 15, 2008. 

Best Las Vegas Real Estate Deal #3

 

2412 Twin Flower Cr.  Las Vegas Nevada 89134    MLS #798301

3 Bedrooms, 2.5 Bathrooms, 2 Car Garage, 1881 Square Feet, Built in 1991. The asking price is $218,400 or $116 per Square Foot.

This is a bank owned property. The bank has had the property listed for sale since February 7, 2008. The original asking price was $284,050. On April 4 they dropped the price by $27,700; on May 21 they dropped the price by $26,450 and on June 9 they dropped the price by $11,500. 

If you would like additional information about any of these properties, or others available that I have seen, just call or e-mail me. Again, for the most up to date Top Three Real Estate Values in Las Vegas go to www.SummerlinRealEstate.Wordpress.com . 

Joe Laliberte

Broker/Salesperson

Prudential Americana Group, Realtors

702-499-1747

Joe@JoeLaliberte.com 

Las Vegas Real Estate Information

www.JoeLaliberte.com 

Summerlin Real Estate Information

www.OurLasVegasRealEstateAgent.com 

The Vistas of Summerlin Real Estate Information

www.TheVistasHomes.com 

Home Buyers Scouting Report– Do your own searching for the best real estate deals in Summerlin or all of Las Vegas.

Market Snapshot Report – Keep track of your homes value and the market activity in your area with this monthly report specific to your home.

Federal Housing Reform and Stimulus Bill, H.R. 3221

This is a response from our Nevada Senator John Ensign updating us on the Federal Housing Reform and Stimulus Bill, H.R. 3221. I thought you might find this helpful, interesting and hopefully informative. You can also visit Senator Ensign’s web site at http://ensign.senate.gov. for additional information and updates. As you can see, not only are the Las Vegas and Summerlin real estate foreclosure concerns being addressed but our representatives are assessable and responsive to your comments.

June 11, 2008

Mr. Joe Laliberte

Prudential Americana Grp

Dear Mr. Laliberte:

Thank you for contacting me about subprime loans, predatory lending practices, and the current housing crisis.  I value the opinions of every Nevadan and am always grateful for those who take the time to inform me of their views.

 The housing market in Nevada has experienced significant turmoil in recent months. Housing sales are sluggish, home prices have fallen, and new home construction has slowed. The increasing rate of foreclosures occurring in our state is also of great concern. Indeed, in the first quarter, Nevada posted the worst foreclosure rate in the nation at nearly four times the national rate. These foreclosures are a result of the real estate bubble bursting after years of skyrocketing home values. Contributing factors to the unusual spike in foreclosures include lax lending practices; aggressive real estate speculation; the increasing use of exotic loans; unwarranted faith that home prices would continue to rise; and, in some cases, financial misrepresentation and fraud among borrowers and lenders. My colleagues and I have considered several different measures to address the depressed housing market.

 You will be pleased to know that I have been successful in working with the leaders of both parties to help the Senate pass a bipartisan housing reform and stimulus bill, H.R. 3221. Among the many provisions aimed at bolstering the ailing housing market, this bill includes a $7000 tax credit for buyers who purchase homes in foreclosure. The high number of recent foreclosures has created a glut of homes available on the housing market, dragging down all home prices. The tax credit should encourage potential homebuyers to purchase this excess housing inventory which will help stabilize falling home values.

 H.R. 3221 also includes consumer counseling assistance which will help distressed homeowners who are currently struggling to meet their financial commitments. Consumer counseling will enable borrowers to work with their lenders in hopes of finding positive solutions that will keep them in their homes. Another provision in the bill will simplify mortgage disclosure forms so that future buyers have a better understanding of the mortgage terms they are agreeing to when purchasing a home. Because the housing crisis affects each community differently, this bill also provides additional financial resources to states and municipalities so they can take further steps to stabilize their local markets.

 You should know that the bipartisan Senate housing bill has been sent to the House of Representatives, where it awaits action. It is my hope that the House can act as quickly as the Senate and pass this bill without delay. Partisan politics and special interests should not stand in the way of providing struggling Americans with the housing relief they need.

 The Administration has assembled a private-sector group called HOPE NOW, which has developed a plan that could assist over one million subprime borrowers feeling financial stress under adjustable rate loans.  The HOPE NOW program is designed to help homeowners who can afford the current starter rate on a subprime loan but not the higher payments once their interest rate goes up.  This effort, which involves no government funds, will freeze interest rates for eligible borrowers and create a streamlined process by which struggling homeowners can work with their mortgage holders to avoid foreclosure.  This program has successfully assisted over 500,000 homeowners to stay in their homes.

 Thank you again for sharing your thoughts with me. Please know that as the Senate continues to deal with the housing crisis, I will be sure to keep your thoughts in mind as we examine whether or not further legislative action is required. Feel free to contact me in the future on matters of importance to you. Should you have any other questions or comments or would like to sign up for my newsletter, please do not hesitate to either write or e-mail me via my website at http://ensign.senate.gov.

Sincerely,

 

JOHN ENSIGN

United States Senator

 

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If you have any questions or wish any additional information just call or email me.

Joe Laliberte

702-499-1747

Joe@JoeLaliberte.com

Las Vegas Real Estate

Summerlin Real Estate

The Vista’s Homes Information

Best Real Estate Values Homes Search

Your Homes Value

Las Vegas & Summerlin Real Estate Values

June 9, 2008

Do you know YOUR HOMES VALUE? 

What about the value of YOUR INVESTMENT PROPERTIES?

Find out within minutes with this automated software.

Why spend the time calling someone everytime you want to know the value of your home or investment property. Get the information yourself when ever you would like to know.

This is an extremely advanced residential real estate valuation software that provides you with an automated valuation of your home or investment property (located in Las Vegas) within minutes, using actual listings of available and sold homes as shown through the Greater Las Vegas Multiple Listing Service. After inputting the address of your home or investment property, within minutes you will find a current Market Evaluation in real time that is fully interactive. In addition you can have this report updated and sent to you weekly, biweekly or monthly, which ever you prefer.  

CLICK HERE to keep up with the Real Estate Market Trends of Your Home or Your Investment Properties.

If you have any questions or would like additional information just call or email me.

Joe Laliberte

702-499-1747

Joe@JoeLaliberte.com

Las Vegas Real Estate Information and Values

Summerlin Information and Values

Bank Owned and Foreclosed Properties

Find the Best Available Real Estate Deals in Las Vegas & Summerlin-Including Bank Owned Foreclosures

June 9, 2008

I want to provide you with a great new free tool ( Home Buyers Scouting Report ) for identifying what neighborhood best suits you and your family and provides you with all the best available homes in that neighborhood at the best available prices. Yes, this system includes all the homes that are available to Las Vegas Realtors including bank owned foreclosures. It is the most dynamic, user friendly home search site that I have found and once again it is free. Use this site to set your home search criteria, view the schools with information about them, view the shopping, hospitals, restaurants and their proximaty to the available homes. Get update emails when the price of a home you have saved in your notebook changes price or sales. Get the directions to go see any of the homes or see a map view of its location. 

View the system, try it out, experiment with it and become an expert on the Las Vegas and/or Summerlin Real Estate Markets. I know you will love this system.

Call me if you have any questions or need any additional information.

Joe Laliberte

702-499-1747

Joe@JoeLaliberte.com

Best Las Vegas Real Estate Deals

Best Summerlin Real Estate Deals

Best Priced Las Vegas & Summerlin Homes including Bank Owned Foreclosures

Las Vegas Reports Most Single Family Home Closings Since October 2007

I felt the information contained in this blog was so important and positive that I wanted to get it out right away. This morning Forrest Barbee , the Broker of Prudential Americana Group, Realtors, sent an email and posted on his blog, a report (that he generates) based upon the information sent out from the Greater Las Vegas Association of Realtors, that shows May 2008 being the first month since August of 2006 that the Las Vegas Real Estate Market has seen over 2000 single family home closings in one month. He shows that the number of available homes has come down every month since September of 2007 and the percentage of homes sold has nearly tripled since September of 2007 .

He goes on to state in his blog, “You just have to be motivated by this month’s resale closing stats for the Greater Las Vegas real estate market!  There are several excellent signs this month that the sluggish Las Vegas market is poised for a nice rebound. The number of available listings is down while the closings are very nicely up and the inventory is taking less time to sell. You’ve got to love that!

To read his full report on the May 2008 Las Vegas Real Estate Market numbers go to Forrest Barbees Blog.

If you would like to see for your self what is currently avaialble and search for the best available real estate deals in Las Vegas and Summerlin just click on the link below to get started.

Call or email me if you would like additional information about the best available real estate deals in Las Vegas and in Summerlin.

Joe Laliberte

702-499-1747

Joe@JoeLaliberte.com

Best Las Vegas Real Estate Deals

Best Summerlin Real Estate Deals

Best Las Vegas & Summerlin Real Estate Deals -Bank Owned Foreclosures

This weeks best real estate deals are bank owned properties and were found in zip codes 89138, 89144 and 89134 which are on the west side of Las Vegas in the Master Planned Community of Summerlin. Included in this blog is a brief description of each property. If you would like more detailed information about any of these or other great real estate deals in Summerlin or Las Vegas, just call (702-499-1747) or email me (Joe@JoeLaliberte.com) and I will provide it to you. You can also search for great deals like these on your own by going to a great property search system called Home Buyers Scouting Report.

For the past several weeks the banks have been taking a more aggressive approach to listing and selling Las Vegas Real Estate and Summerlin Real Estate and the properties they have in their inventory. The most common approach for them at this time is to list the property at an extremely good value ( For Summerlin Real Estate that would be less than $125 per square foot), generate a lot of traffic through the property and solicit as many offers as possible within the first week or two that it is on the market.

In these cases the buyer of the property will be competing with several other offers and can expect to pay over the asking price to purchase the property. Most buyers are having difficulty understanding that they are going to have to pay over the asking price in this current market. Or that when they close on the property they are still getting a great deal. In some cases my clients have had the appraisal come in at significantly higher ($25,000 or more) than the negotiated sale price. For an appraiser to commit to an appraisal over the negotiated price in this Las Vegas and Summerlin Real Estate market is very unusual.

My suggestion, before you make an offer, is to know the area you are you are looking in. Know the inventory and the market activity. Know what the properties that have most recently closed sold for. Know what the asking price of the properties that are in escrow. Know the asking price of the available homes of the same type and neighborhood. Know how much the bank paid for the property and when. Know the price history of the property. Have a pre-approval letter ready to submit with your offer and expect to get pre-appoved with a representative from the bank that owns the property. Make a clean offer that is a fast close and not asking for anything unusual. In most cases the banks will not pay for certain items. Know what those items are and don’t even ask the bank to pay for those items. Work with a good agent who knows the process and can provide you with all of this information and more. Do not hesitate to offer significantly over the asking price if you have done your homework. You will still be getting a great deal.

Best Las Vegas & Summerlin Real Estate Deals #1

   

10708 Sprucedale Ave.  Las Vegas, Nevada 89144   MLS #819931

5 Bedrooms, 2- Full & 2-3/4 Bathrooms, 3 Car Garage, 3754 Square Feet

Built in 1999.

Asking price is $441,355 or $118 per Square Foot.

This is a bank owned property. The bank bought the property on April 1, 2008 for $405,000. The bank put the home on the market at this price on April 23, 2008. The previous owner paid $630,000 for it in July of 2006.

Best Las Vegas & Summerlin Real Estate Deals #2

 

1029 Bonitos Suenos St.  Las Vegas, Nevada 89138   MLS #829388

3 Bedrooms, 2.5 Bathrooms, 2 Car Garage, 2440 Square Feet. Built in 2006. Asking Price is $289,900 or $119 per Square Foot.

This is a bank owned property. The previous owners purchased the home in August of 2006 for $523,990.

Best Las Vegas & Summerlin Real Estate Deals #3

 

10342 Catclaw Ct.  Las Vegas Nevada 89135    MLS #825187

4 Bedrooms, 3 Bathrooms, Loft, 2 Car Garage, 2113 Square Feet,

Built in 1999.

Asking price is $244,900 or $116 per Square Foot.

This is a bank owned property. The owners paid $232,500 for the property in May of 2008.

If you would like additional information about any of these properties, or others available that I have seen, just call or e-mail me.

Do you know YOUR HOMES VALUE?

CLICK HERE to keep up with the Real Estate Market Trends of Your Home or Your Investment Properties.

Joe Laliberte

Broker/Salesperson

Prudential Americana Group, Realtors

702-499-1747

Joe@JoeLaliberte.com

Las Vegas Real Estate Information

www.JoeLaliberte.com 

Summerlin Real Estate Information

www.OurLasVegasRealEstateAgent.com 

The Vistas of Summerlin Real Estate Information

www.TheVistasHomes.com 

Home Buyers Scouting Report– Do your own searching for the best real estate deals in Summerlin or all of Las Vegas.

Market Snapshot Report – Keep track of your homes value and the market activity in your area with this monthly report specific to your home.