Financing a property with no down payment is still possible for Las Vegas buyers who are eligible for a VA Mortgage Loan.
In 2010, the government rolled out a supplemental program to Home Affordable Modification Program called HAFA. HAFA stands for Home Affordable Foreclosure Alternatives. This program was specifically designed to facilitate short sales and “Deed-in-lieu” of foreclosures. From the very beginning there was strong skepticism from real estate professionals who specialized in selling distressed properties about the ability of this program to deliver. Housingwire.com reported that between April and December of 2010, only 661 deals had closed under the HAFA program nationwide. Over-Promised, Under-Delivered HAFA has many fatal flaws. First, it was born of another complete failure, the HAMP program. Secondly,…
Las Vegas Short Sale Questions Short Sale, Loan Modification, Foreclosure, Deed-in-Lieu, Deficiency Judgements… There are so many possible scenarios and options to consider if you are in a position where your mortgage balance is higher than your property’s current value, and you need to sell or workout a plan for a more affordable monthly mortgage payment. As the real estate laws, government regulations and failed housing stimulus plans continue to change on a regular basis, many homeowners are left in a paralyzed state of confusion about what the best course of action to take is. The following list of Frequently…
Selling a Home in Las Vegas, Nevada? Selling Your Property The real estate professionals at Shelter Realty are experts in the Las Vegas real estate market and will guide you through the entire process of selling your property. Our marketing plan is designed with the mission of giving your property maximum exposure via strategic Internet placement as well as through our local affiliations. We recognize that every seller has a different scenario that requires specific attention to detail. Please contact us today so that we can tailor a marketing plan around your needs. Here are some examples of the powerful…
Property Management Rates & Fees Full Service Management Shelter Realty Property Management specializes in single-family homes, condominiums and town homes. Where many local property management websites tend to bury or vaguely display their fee schedules, our Las Vegas property management fees are straight forward and competitive. Las Vegas Property Management Fees: Item Description Total Management 8% of Gross Monthly Rent (minimum $100) Monthly Admin Setup One-time Fee Due At Contract Signing Waived Tenant Placement Lease Signing & Move-in Inspection (New Tenant) $200 Agent Referral Referral Fee Paid to Referring Real Estate Agent $400 Lease Renewal Lease Renewal Addendum to Lease…
Las Vegas Tenant Screening Tenant Screening When it comes to the duties of a Property Manager, there’s nothing more important than securing the right tenants for a landlord’s rental property. And to that end, Shelter Realty Property Management employs a thorough and comprehensive screening process to make sure we find qualified applicants to protect our client’s investment. There are a number of factors that Shelter Realty Property Management takes into consideration when it comes to screening potential tenants, all of which revolve around keeping our client’s best interests in mind at all times. Ensuring that a possible tenant has the…
Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow
A property owner appoints a professional Las Vegas Property Management Company to protect and enhance his investment. As the owner’s representative, the property manager’s priorities are to maximize occupancy levels, thereby increasing property values, assure timely collection of revenues, maintain and enhance the property, have a good rapport with the tenants, quickly and efficiently handle problems and promptly respond to emergencies. Timely collection of rents is obviously most important to the landlord, and the transferring of these rent receipts to the landlord from the management company in a timely manner is just as important. A frequent complaint from Las Vegas…
Buying a new home is literally a team sport since there are so many tasks, important timelines, documents and responsibilities that all need special care and attention. Besides working with a professional team that you trust, it’s important that the individual players have the ability to effectively communicate and execute on important decisions together as well. Real Estate Agent – A Realtor® is a licensed agent that belongs to the National Association of Realtors®, which means they are pledged to a strict Code of Ethics and Standards of Practice. A few of the important roles your agent performs: A common…
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Finding the right Las Vegas Property Manager could mean the difference in your property being rented and maintained or sitting vacant and costing you money. Even though most property management companies in Las Vegas offer the same services, not all companies follow through with their services. I get several calls a week from real estate investors stating their property managers aren’t providing monthly accounting statements, rent money isn’t arriving on time or at all and there is no communication. This is why our clients have access to their account via a link to our property management software, we automatically deposit…
Purchasing a new Las Vegas property can be an overwhelming process between the various contract negotiations, mortgage approvals, inspections, and new appraisal guidelines. The following outline will help buyers with the overall time line: 1. Loan Application – The loan application should be one of the first places home buyers start, especially if you are planning to apply for an FHA mortgage. This is where the loan officer can spend a little time with a potential borrower to discuss their unique lending scenario, financing goals, and qualifying guidelines. Depending on the amount of information requested by both parties, a typical…
