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Home Buying in Las Vegas : Real Estate Advice

  • All3K
  • Local Info243
  • Home Buying1K
  • Home Selling170
  • Market Conditions78

Activity 1,657
Thu May 25, 2017
Garojiano answered:
I think its better to wait, the big reason is income should be first spending second.most people do not have the income to save for down payments due to high rent and cost of living,even if you saved the down payment your property taxes will be higher,if you are realy thinking to buy now use minimum down just incase if the market turns around and go's south you don't loose your life savings. ... more
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Thu May 18, 2017
Kathy Burgreen answered:
You need to read your contract. Did you have a financing contingency? If you have a financing contingency and it did not expire, you should get your deposit back. If the financing contingency expired or you do not have one, well, sorry but you lost the deposit.

This is why it is critical that buyers get pre approved first BEFORE signing a purchase contract. Obviously, you did things backwards.
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Tue May 16, 2017
Kenzoabraxas asked:
I am currently stuck in a lease and found a house that I would like to buy that I just don't want to pass up. It's almost everything I want for a cheap price considering the area it is in…
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Fri May 12, 2017
Scott Godzyk answered:
Most contracts state that it is binding to estates, heirs etc, so you need to check the wording. In addition the listing agent and or closer can get a power of attorney for the seller. The however is, if the seller can not complete repairs or such, you may need to work out a credit instead. Either way for legal matters such as this, a lawyer is the only one who can advise you given your states laws and your contract wording. It is sad to hear anyones health decline. ... more
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Mon May 1, 2017
Profit_mic asked:
I signed the contract haphazardly and would like to make changes. There are some changes I would like to make to it and have only given them 5000 for the lot. I was going to give the earnest…
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Wed Apr 26, 2017
Melvin List answered:
We have several Bank statement loans. Would love to help if you are in Florida.
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Tue Apr 25, 2017
James asked:
1000's searching for a home in another state. The supervisor said that its ultimately up to the underwriter to approve the loan. He did not want to admit that his loan officer messed up.
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Fri Apr 21, 2017
Dan Tabit answered:
Every agent reports to a managing broker. If you don't like their behavior, report them. The managing broker may either correct the behavior or assign you a better agent. Sorry this happened. ... more
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Sun Apr 16, 2017
Hank Lauzon answered:
Hello Michelle,

Are you looking to rent or purchase ?
I can help with either.

Please contact me when you have a moment and we can get things started.
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Sun Apr 16, 2017
Alysse Musgrave answered:
In my state the lease must be honored. I assume it's the same in NY but best to ask a local Realtor.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.

Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
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Sun Apr 16, 2017
Hank Lauzon answered:

This Trulia site contains a mixture of properties both with and without HOA's.

I see that you have a New York Location.
What you are going to need is information and I can certainly provide plenty of that.

If you are looking for a specific criteria I would be happy to set you up with a search engine with updated listings of homes that suit your taste and needs.

I can also provide research links to help get you started.

Feel free to contact me when you have a moment and I will help to set you on the path to "Home Ownership" in Las Vegas...!!
... more
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Sat Apr 15, 2017
Kathy Burgreen answered:
In most cases (probably all) down payment assistance programs require a minimum credit score and have income limits to be eligible. You can check with your county / state online or call and find out yourself.

If you need assistance with down payment and closing costs because you don't have any cash saved, then you are not ready to buy a home. You need to learn that after you move in, you will be responsible to pay for:

Mortgage loan
Property taxes
Homeowners insurance

If the above is more than your monthly rent, how will you pay for it? Things do go wrong in a home and if it's not fixed immediately, the repairs do get worse and more expensive. It would be wise to continue renting and save money for a down payment + closing costs. The minimum down payment required is 3.5% with an FHA loan. You don't need to have 20% down payment. However, be aware you will be required to pay for mortgage insurance.

I agree with Hank that if you plan to buy a new build home, WARNING - builders use contracts that are written by lawyers to protect them - not the buyer. They do not use the state contract used by realtors. Briefly the builders contracts have a clause that states - if anything goes wrong while building the home, the builder is NOT responsible. Builders do not want you to sue after you sign the contract. You are free to take the contract to your attorney before you sign it, but don't expect the builder to agree to it. What an experienced realtor can do on your first visit is negotiate so that you, the buyer can get some benefits to outweigh the terms of the contract.
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Sat Apr 15, 2017
Hank Lauzon answered:
Good Morning,

Most lenders will let you finance a home after a 2 year period provided you kept your credit up and have made timely payments to your creditors between then and now. However, what most people don't realize is that their are Lenders who will finance you a home immediately after a short sale if you kept up on the Mortgage/Loan payments right up to the closing of the transaction..

If you ever need the services of a "Buyer's Agent",.. I'm just a phone call away..!!
... more
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Wed Apr 5, 2017
Michael Pyles asked:
I am considering buying a low priced condo in a complex built in 1971. I want to live there indefinitely so I'm not so concerned about resale value. However I am concerned about maintenance…
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Mon Apr 3, 2017
Maricris A answered:

I sent an email to you about this concern.


Consumer Care advocate
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Fri Mar 31, 2017
Ron asked:
I got 20 percent downpayment. has good credit has solid income. Looking for a construction owner occupied loan
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Tue Mar 28, 2017
Ron answered:
In addition, I have like 6 months reserve left even with the 20 percent downpayment and on my co-signer probably more than 18 months in reserve. Only asset are from my co-signer. She owns a 200k house. Anyone who can help me, please leave your contacts I will call you asap ... more
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Mon Mar 27, 2017
Kuga Adela answered:
My name is Adela Kuga and I would like to know if any agent/investor is looking for General Contractor. Our company specializes in remodeling and rehab of REO properties as well as maintenance of rental properties . We are insured, bonded and licensed. Please let me know if you are looking for a GC or if there is a application for us to do business with you. Thank you.

Adela Kuga
Velja Contracting LLC
421 Brighton Rd 89145
Las Vegas NV
... more
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