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Damian 702-245-1891 | Damian@LV-agent.com
INVESTORS! How to buy 50 to 60 cents on a dollar of current value,
more info at http://www.vegas-foreclosures.us/gpage4.html
Bank owned homes (REO) for home buyers
Now is an excellent time to buy your home in Las Vegas. Property prices are very low, interest rate is very low, as a home owner you will have tax advantage, also you can get $8,000 First-Time Home Buyer Tax Credit; click this link for details:
http://www.federalhousingtaxcredit.com/home.html
Currently the most popular are FHA loans with only 3.5% down, we ask the seller to pay your closing costs.
Below examples show FHA loan scenario, buyer has to pay 3.5% down payment and cover costs of any repairs.
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Price: $92,900
I suggest to offer $100,000
Purchased in 2004
for $300,000 |
2,321 sq. ft.
4 bed/ 2.5 bath
Built: 1995
$3,500 Cash to closing
$520 Mortgage payment (for ilustration purpose only, actual payment varies case to case)
$260 Other payments (Property Tax, HOA fees, home insurance)
$780 Total monthly payment
Repairs needed, about $4,500 |
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Price: $80,500
I suggest to offer $95,000
Purchased in 2005
for $266,000 |
1,906 sq. ft.
4 bed/ 3 bath
Built: 2005
$3,400 Cash to closing
$490 Mortgage payment (for ilustration purpose only, actual payment varies case to case)
$300 Other payments (property Tax, HOA fees, home insurance)
$790 Total monthly payment
Repairs needed, about $4,000 |
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Price: $89,900
I suggest to offer $100,000
Purchased in 2006
for $286,000 |
1,871 sq. ft.
3 bed/ 2.5 bath
Built: 2001
$3,500 Cash to closing
$520 Mortgage payment (for ilustration purpose only, actual payment varies case to case)
$270 Other payments (Property Tax, HOA fees, home insurance)
$790 Total monthly payment
Repairs needed, about $5,500 |
Call or email me for more information about the above listings.
For a list of bank owned homes and to discuss your specific needs please call me or send me a note, use the form at the bottom of this page. You can also email me using the link on top.
How to search for properties.
- Call Met Life Home Loans, see info below, for a general financing information and to see how much you can afford
- Think of ZIP codes where you want to search, if you don't know Las Vegas click this link for a ZIP code map, http://www.lasvegasrealtor.com/mls/LVZipCodeMap.pdf
- Click the IDX button below to search for properties
- Once you have found homes that you like call or email me to discuss your needs and view the properties
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Search Las Vegas MLS |
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Search foreclosures anywhere in the country |
If you have any loan-related questions, please call my preferred lender:
For real estate investment examples and resources visit:
www.vegas-foreclosures.us
Statistics: Las Vegas Monthly Absorbtion Rate is 6 months.
(a year ago, in most areas of Las Vegas it was over 40 months)
Contact me to find out what is the absorbtion rate of your neighborhood.
For more statistics click on "Statistics" button at left
You need the advice of a Real Estate Professional
The Internet is a great place to find information. But it can't provide the in depth local knowledge and personalized service of a local real estate professional. The challenges of the real estate industry are getting more complex every day. You need a professional that is on top of the market and is prepared to protect your interests and guide you throughout the process. As a local real estate expert I am constantly researching the market and analyzing home prices so I can serve you with the latest and most accurate information.
For most families, buying or selling a home is one of the biggest decisions you'll ever make. I'd be honored for the chance to help you.
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