Dawn Barrier REALTOR®, 's Blog,LAS VEGAS BLOG

Here is an intereting article from the Nevada Business Magazine written by Bruce N. Willoughby

Here is the link on...  How To Avoid Having A Mechanic's Lien Filed Against Your Property by Bruce N. Willoughby   (Should open in a new window)

Whenever you have work done on your home, landscaping, putting a pool in etc.. get a lien waiver for the contractor.  Read the above article for some great information on the subject.

UPDATE::  Of course to avoid a lien being placed you should of course pay the bill and once done make sure you have the proof you paid and get the lien waiver from the general contractor and any subcontractors who worked on the job. See comments below of examples of what can happen.

BREAKING LAS VEGAS NEWS: Homes inventory is dropping, Multiple offers on homes, Vegas is heating up again...

Vegas is heating up again...it is that time of year both in the housing market and the temperatures (although you wouldn't know it by looking out the window this morning looks like a storm is coming and the past few days have been cooler than normal).

The amount of  Single Family homes for sale on the MLS has dropped and the amount of homes in Pending or Contingent status (this means they have contracts on them) has increased to more than the amount of homes for sale.  This may be in part due to Short Sales taking longer to actually close than a typical sale, although I have been seeing some short sales close in 60 days from list to close, but I don't believe that is the norm.

This information was obtained from our local MLS this am and covers the Las Vegas valley, North Las Vegas, Summerlin and Henderson area for resale single family homes, not new homes.

Homes for sale in Las Vegas are comprising primarily of REO (Bank Owned) and Short Sales.  Short Sales may soon be the leader in types of homes for sale in Las Vegas. 

Buyers need to understand that this is typically the "Hot" season for buyers in Las Vegas.  Add to that the fact that prices are so low on homes, investors are back and the first time home buyers tax credit and you have a feeding frenzy of multiple offers above asking price on a majority of the homes.

Cash buyers are back as well and in all price ranges.  This may be due to the great prices and due to the fact that their money won't get much of a return right now in CD's and money markets.

This is a time for buyers to have patience and perseverance when buying a home in Las Vegas.  Work with one agent and be prepared to that you may have to put in many offers on a several homes before you get an accepted contract.

You also should prepare yourself to wait and hear about your offer for approx 7 days now if you put in offers on bank owned.  Why?  There can be more than one reason for this, but  the banks may want that time to receive as many offers as they can get and will usually pick the highest and best priced offer and they may have to submit all offers to a group of investors to approve the offer.

Some buyers may prefer to put in offers on short sales and skip the bank owned homes, but buyers need to be aware that these too are getting multiple offers as well and short sales will take longer to close.  Plan on about 3-4  months from offer accepted to move in.

Do you know someone who is upside down on their mortgage and they need to sell their home?

Do you know someone who may want to buy a home in the Las Vegas area?

Then, pass on my information to them and I will be happy to help them out.

Recent Blogs

1.  5 Recommendations for Navigating Today's Mortgage and Housing Markets

2.  10 Myths About Credit Scores Debunked, Las Vegas Nevada Home Buyers Get your FREE Credit Ck & Preapproval

3. Las Vegas Short Sale Help......Henderson Short Sale Help....Avoid Foreclosure...Selling your home

4. Agent Tips To Buying a REO - Foreclosure Home in Las Vegas by Dawn Barrier "Begin-Prequalify"

5. LAS VEGAS CONDO- New Listing - Just Listed - Summerlin area- SHORT SALE $59,900

6. Las Vegas Homes for under $100,000? YES, they are in VEGAS!!

7. City Center, Las Vegas Strip Construction PICS,, Aria, work is still moving on

 8. Foreclosure Angel Foundation-Be a foreclosure angel-What a great way to help out

9. Home Buyers Beware.....Make you Payments on Time...Rent, Car, Credit Cards, etc.

10. What Buyers Need to Know about Short Sales - Las Vegas Short Sale HELP for Buyers

If you are in the market to sell your Las Vegas home and are not working with a Realtor, call me. I would be happy to help you through the process of selling your home. 

If you are in the market for a Las Vegas home and are not working with a Realtor, call me. I would be happy to help you through the process of buying a home. 

Dawn Barrier
Century 21 Aadvantage Gold
Las Vegas, Nv

(702) 812-4550

http://www.lasvegashothomes.com/

First Time Home Buyer Credit IRS INFO

Ready to relocate to sunny Florida?

The winner will be revealed during the HGTV Green Home Giveaway 2009 special on Sunday,

June 28 at 8/7c.

Stay Informed and Entertained:

• Take the virtual tour of HGTV Green Home 2009

Get ready for the Dream Home of 2010....

HGTV Dream Home 2010

East, west, north, south? The home site location is no longer a secret!

Get Details

I hope someone I know wins!!!

New Law to Protect Rental Tenants When Home is in Foreclosure Las Vegas Real Estate Update

This is directly from the NATIONAL ASSOCIATION OF REALTORS® Washington Report

New Law to Protect Rental Tenants When Home is in Foreclosure

The "Helping Families Save Their Homes Act of 2009" included some provisions to protect tenants from eviction as a consequence of a foreclosure affecting the property being rented.

Under the new law, which went into effect on May 20th, tenants will have to receive 90-days notice prior to being evicted, when their rental home is foreclosed upon.

A number of states have existing laws protecting tenants. This law will preempt existing state law, except where the state law offers greater protection.

The protections of this law apply only to "bona fide" tenants - who have a written contract, the lease was the result of an arms-length transaction, and the rent is not substantially less than the fair market rent for the property. Under any conditions, tenants may still be evicted if they violate the lease terms.
These provisions expire on December 31, 2012.

Do you know someone who is upside down on their mortgage and they need to sell their home?

Feel free to pass on my information.

Recent Blogs

1.  5 Recommendations for Navigating Today's Mortgage and Housing Markets

2.  10 Myths About Credit Scores Debunked, Las Vegas Nevada Home Buyers Get your FREE Credit Ck & Preapproval

3. Las Vegas Short Sale Help......Henderson Short Sale Help....Avoid Foreclosure...Selling your home

4. Agent Tips To Buying a REO - Foreclosure Home in Las Vegas by Dawn Barrier "Begin-Prequalify"

5. LAS VEGAS CONDO- New Listing - Just Listed - Summerlin area- SHORT SALE $59,900

6. Las Vegas Homes for under $100,000? YES, they are in VEGAS!!

7. City Center, Las Vegas Strip Construction PICS,, Aria, work is still moving on

 8. Foreclosure Angel Foundation-Be a foreclosure angel-What a great way to help out

9. Home Buyers Beware.....Make you Payments on Time...Rent, Car, Credit Cards, etc.

10. What Buyers Need to Know about Short Sales - Las Vegas Short Sale HELP for Buyers

This brochure answers frequently asked questions about what a seller needs to know about short sales.

This brochure is from the Greater Las Vegas Association of Realtors®

If you would like me to email you a copy just let me know.  My Website

Recent Blogs

1.  5 Recommendations for Navigating Today's Mortgage and Housing Markets

2.  10 Myths About Credit Scores Debunked, Las Vegas Nevada Home Buyers Get your FREE Credit Ck & Preapproval

3. Las Vegas Short Sale Help......Henderson Short Sale Help....Avoid Foreclosure...Selling your home

4. Agent Tips To Buying a REO - Foreclosure Home in Las Vegas by Dawn Barrier "Begin-Prequalify"

5. LAS VEGAS CONDO- New Listing - Just Listed - Summerlin area- SHORT SALE $59,900

6. Las Vegas Homes for under $100,000? YES, they are in VEGAS!!

7. City Center, Las Vegas Strip Construction PICS,, Aria, work is still moving on

 8. Foreclosure Angel Foundation-Be a foreclosure angel-What a great way to help out

9. Home Buyers Beware.....Make you Payments on Time...Rent, Car, Credit Cards, etc.

10. What Buyers Need to Know about Short Sales - Las Vegas Short Sale HELP for Buyers

 

 

 

 

If you are in the market to sell your Las Vegas home and are not working with a Realtor, call me.                I would be happy to help you through the process of selling your home. 

If you are in the market for a Las Vegas home and are not working with a Realtor, call me.                            I would be happy to help you through the process of buying a home. 

Dawn Barrier
Century 21 Aadvantage Gold

(702) 812-4550

http://www.lasvegashothomes.com/

First Time Home Buyer Credit IRS INFO

What Buyers Need to Know about Short Sales

This brochure answers frequently asked questions about what a buyer needs to know about short sales.

This brochure is from the Greater Las Vegas Association of Realtors®

If you would like me to email you a copy just let me know.

 

 

Recent Blogs

1.  5 Recommendations for Navigating Today's Mortgage and Housing Markets

2.  10 Myths About Credit Scores Debunked, Las Vegas Nevada Home Buyers Get your FREE Credit Ck & Preapproval

3. Las Vegas Short Sale Help......Henderson Short Sale Help....Avoid Foreclosure...Selling your home

4. Agent Tips To Buying a REO - Foreclosure Home in Las Vegas by Dawn Barrier "Begin-Prequalify"

5. ENTER TO WIN A FREE HOUSE....HGTV Green Home 2009 Giveaway...Don't miss it.June 5th Deadline

6. Las Vegas Homes for under $100,000? YES, they are in VEGAS!!

7. City Center, Las Vegas Strip Construction PICS,, Aria, work is still moving on

 8. Foreclosure Angel Foundation-Be a foreclosure angel-What a great way to help out

9. Home Buyers Beware.....Make you Payments on Time...Rent, Car, Credit Cards, etc.

10. LAS VEGAS CONDO- New Listing - Just Listed - Summerlin area- SHORT SALE $59,900

 

If you are in the market to sell your Las Vegas home and are not working with a Realtor, call me.                I would be happy to help you through the process of selling your home. 

If you are in the market for a Las Vegas home and are not working with a Realtor, call me.                            I would be happy to help you through the process of buying a home. 

Dawn Barrier
Century 21 Aadvantage Gold

(702) 812-4550

http://www.lasvegashothomes.com/

First Time Home Buyer Credit IRS INFO

Las Vegas New Listing- Condo - Just Listed - Summerlin area Short Sale

 This is an update to the blog...

Las Vegas Nevada First Time Home Buyers Tax Credit May be used as Down Payment...NOT IN VEGAS ....yet?

Here is the article direct from Realtor.org...May 29, 2009  HUD: Tax Credit Can Be Used on Closing Costs

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.

Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent.

The loans can't be used to cover the minimum 3.5 percent, senior HUD officials told reporters on a conference call Friday morning. YOU MUST HAVE AT LEAST THE 3.5% Down payment in your savings now.

Thus, buyers applying for FHA-backed financing with an FHA-approved lender that offers a bridge-loan program can get a bridge loan to bring down the upfront costs of buying a home significantly but would still have to come up with the minimum 3.5 percent down payment.

The first-time homebuyer tax credit was enacted last year--and improved upon earlier this year--to help encourage households to enter the housing market while interest rates are low and affordability is high. The credit is worth up to $8,000 and is available to households that haven't owned a home in at least three years. The credit does not have to be repaid, and is fully reimbursable, so households can get their credit returned to them in the form of a payment.

In addition, some state housing finance agencieshave developed their own tax credit bridge loan programs, so buyers in states whose HFAs offer such programs can monetize the tax credit upfront to cover all or part of their down payment. These programs are separate from what HUD announced today. ASK YOUR LENDER for details.

See full article here

THIS IS NEW NEWS SO PLEASE CONTACT YOUR FHA LENDER OR MORTGAGE BROKER FOR MORE INFORMATION. LAS VEGAS MAY NOT HAVE PROGRAMS IN PLACE JUST YET SO KEEP THAT IN MIND WHEN YOU CALL YOUR LENDER. IF YOU NEED A LENDER FEEL FREE TO EMAIL OR CALL ME FOR A LIST.

So, for those of you who have your down payment, you should continue on with that home purchase and you will just have to wait until you file your return to realize your First Time Home Buyer credit.

For those of you who don't have the down payment,,,,well,,,get saving! Here is an example of what you may need....

$100,000.00 home purchase = $3,500.00 down (this is assuming a 3.5% down payment getting an FHA loan and does not include closing cost) 

Recent Blogs

1.  5 Recommendations for Navigating Today's Mortgage and Housing Markets

2.  10 Myths About Credit Scores Debunked, Las Vegas Nevada Home Buyers Get your FREE Credit Ck & Preapproval

3. Las Vegas Short Sale Help......Henderson Short Sale Help....Avoid Foreclosure...Selling your home

4. Agent Tips To Buying a REO - Foreclosure Home in Las Vegas by Dawn Barrier "Begin-Prequalify"

5. ENTER TO WIN A FREE HOUSE....HGTV Green Home 2009 Giveaway...Don't miss it.June 5th Deadline

6. Las Vegas Homes for under $100,000? YES, they are in VEGAS!!

7. City Center, Las Vegas Strip Construction PICS,, Aria, work is still moving on

 8. Foreclosure Angel Foundation-Be a foreclosure angel-What a great way to help out

9. Home Buyers Beware.....Make you Payments on Time...Rent, Car, Credit Cards, etc.

If you are in the market to sell your Las Vegas home and are not working with a Realtor, call me. I would be happy to help you through the process of selling your home. 

If you are in the market for a Las Vegas home and are not working with a Realtor, call me. I would be happy to help you through the process of buying a home. 

Dawn Barrier
Century 21 Aadvantage Gold
614 N. Rainbow Blvd
Las Vegas, Nv 89107

(702) 812-4550

http://www.lasvegashothomes.com/

First Time Home Buyer Credit IRS INFO

Office Phone: (702) 812-4550

Cell Phone: (702) 812-4550

Email Me

HGTV Green Home 2009 Giveaway...Don't miss it...http://tinyurl.com/cw43z8

 

Enter daily through Friday at 5 p.m. ET.

You could win the 2009 HGTV Green Home located in Port St. Lucie, Florida, and a new 2009 GMC® Sierra Hybrid. A grand prize package worth $750,000!

Remember, you can only enter once a day through June 5, 2009

The countdown is on! Enter daily for your chance to win the HGTV Green Home 2009 until June 5 at 5 p.m. ET

Picture courtesy of HGTV.com ..See more pictures and videos....

 

If you are in the market to sell your Las Vegas home and are not working with a Realtor, call me. I would be happy to help you through the process of selling your home. 

If you are in the market for a Las Vegas home and are not working with a Realtor, call me. I would be happy to help you through the process of buying a home. 

If you want to buy in any other state and don't know who to turn to...give me a call or email and I will help you find a Realtor in your area or the area you are looking to buy in.

Dawn Barrier
Century 21 Aadvantage Gold
614 N. Rainbow Blvd
Las Vegas, Nv 89107

(702) 812-4550

Search my website below for homes in Las Vegas..

http://www.lasvegashothomes.com/