Bank Owned Foreclosures | Las Vegas & Summerlin Real Estate

Summerlin & Las Vegas Best Real Estate Deals

July 22, 2008

Best Summerlin & Las Vegas Real Estate Deals

Week of July 23, 2008

This week I have chosen 4 Best Summerlin Real Estate Valued Homes instead of the usual 3 Best Summerlin Real Estate Valued Homes. All four of the best valued homes I have found on the market this week are in the Vistas located in the Master Planned Community of Summerlin,which is on the west side of Las Vegas in zip code 89138 .

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.

If you have been following these posts of the Top Picks of the Week you will find as I have that the price per square foot is going up. This could be an early indication that even the foreclosure market has flattened (at least in the Vista’s of Summerlin) and may be rising as well. Keep an eye out on these blog posts and we will see if the Summerlin Real Estate Market is changing together.

Best Las Vegas Real Estate Deal #1

11572 Costa Linda Ave. Las Vegas, Nevada 89138 MLS #808501

3 Bedrooms, 2- Full & 1-1/2 Bathrooms, 2 Car Garage, 2530 Square Feet and built in 2003. Asking price is $330,000 or $130 per Square Foot. It is located in the Sonesta Subdivision in the Vista’s Community of Summerlin.

This is a bank owned property. It has been listed and available since March 13, 2008. It went into escrow on June 11, 2008 and fell out of escrow and became available again on July 16, 2008.

Best Las Vegas Real Estate Deal #2

11724 Royal Derwent Dr.

11724 Royal Derwent Dr. Las Vegas, Nevada 89138 MLS #816532

4 Bedrooms, 2.5 Bathrooms, 2 Car Garage, 1723 Square Feet and built in 2004. Asking Price is $224,900 or $131 per Square Foot. It is located in the Somerset Subdivision in the Vista’s Community in Summerlin.

This is a bank owned property. The bank purchased the property for $201,750 on April 1, 2008. The previous owners purchased the home in January 1 of 2005 for $379,500. It was listed by the bank for sale on April 10, 2008 for $224,900; it went into escrow on April 24, 2008 and fell out of escrow on May 16, 2008. It went back into escrow on June 23, 2008 and fell out again on July 1, 2008. The asking price has remained the same the entire time the bank has had it for sale.

Best Las Vegas Real Estate Deal #3

616 Doletto St.

616 Doleto St. Las Vegas Nevada 89134 MLS #840967

3 Bedrooms, 2.5 Bathrooms, 2 Car Garage, 2053 Square Feet, Built in 2003. The asking price is $234,900 or $114 per Square Foot. The property is located in the Portofino Community of the Vista’s in Summerlin.

This is a bank owned property. The bank has had the property listed for sale since July 2, 2008. Went into escrow on July 11, 2008; fell out of escrow and became available again on July 16, 2008

Best Las Vegas Real Estate Deal #4

11200 Salentino Ave.

11200 Salantino Ave. Las Vegas Nevada 89134 MLS #843284

3 Bedrooms, 2.5 Bathrooms, 2 Car Garage, 1723 Square Feet, Built in 2002. The asking price is $219,900 or $128 per Square Foot. The property is located in the Portofino Community of the Vista’s in Summerlin.

This is a bank owned property. The bank purchased the property back on March 1, 2008 for $230,000. The bank has only had the property listed for sale since July 10, 2008 and have had no price changes.

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.

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Posted by Joe Laliberte

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

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Posted by Joe Laliberte

Las Vegas Reports Most Single Family Home Closings Since October 2007

June 9, 2008

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

Leave a Comment » | Las Vegas Real Estate, Las Vegas Real Estate Market, Summerlin Real Estate | Tagged: Bank Owned Foreclosures, Best Real Estate Deals in Las Vegas & Summerlin, Las Vegas Real Estate Market, Las Vegas Realtor, Summerlin Real Estate, Summerlin Realtor | Permalink
Posted by Joe Laliberte

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

June 6, 2008

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