Las Vegas Real Estate Blog

I am having a hard time understanding why there aren’t any lending programs for Foreign Investors.  With home prices at historic lows in Las Vegas, it’s drawing the interest of real estate investors from all over the world.  I get numerous emails and phone calls every day from foreigners inquiring about Las Vegas Home prices and the process of buying a home in Las Vegas.  Unfortunately, I have no choice but to inform them that if they don’t have cash for the entire purchase….

To read the entire article, click on the link below:

Why Aren’t There Loan Programs for Foreign Investors?

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For all your Las Vegas Real Estate needs, contact Sena & Associates today @ 702.376.0088 or visit us on our website at www.SenaSellsVegas.com! If you are in need of a Property Manager in Las Vegas, visit us on our website at www.LasVegasPropertyManagements.com!

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Filed under: Foreign Nationals tagged foreign investors, loan programs for foreign investors

A short sale is when the Lender/Bank agrees to accept less than they are owed, commonly known as a short payoff.  Short Sales can be difficult to complete and quite confusing.  To help you to better understand the Short Sale Process, we have completed a list of commonly asked questions along with information we need when handling a short sale in Las Vegas.

Whose names are on the loan?

It is important for us to know everyone who will be involved in the short sale.

Do I have to include my spouse on all the paperwork if they are not on the loan….

To read the entire article, please click on the link below:

Frequently Asked Questions on Las Vegas Short Sales

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Filed under: las vegas short sales tagged las vegas short sales, short sale questions

What is property management? There are many facets to this questions. Perhaps one of the most important duties of a property manager or property management company in Las Vegas is to work as a liaison between landlord and tenant. It is their role to perform all of the mundane routines that come along with property ownership. The property manager’s duties usually include finding suitable tenants, this may require performing background checks, credit checks, verification of work history and so own, as well as the collection of rent, addressing and dealing with any maintenance issue and more.

In general terms a property manager or property management company serves as a buffer zone between tenant and landlord. Even though a property manager will often times perform some legal actions, for example filing court papers for ‘notice to quit’ for nonpayment, it is wise to also have a trained and professional real estate attorney to handle actual court dates if necessary.

The decision of when and if you should hire a Las Vegas Property Management is of great importance. They can free up the landlord to pursue offer avenues, but it is important that adequate research be done prior to hiring any individual or management firm. Remember, they act as the face of your property. It is vital that they have a clean background, practice ethically and meet any and all state regulations as defined by law.

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Filed under: Las Vegas Property Management tagged Las Vegas Property Management, property management in las vegas

Anyone that has been involved in a short sale in Las Vegas knows it can take a very long time to close and even then, there is no guarantee it will.  From the time we enter into a short transaction, whether it is with a buyer or seller, we explain the process so they know what to expect.  Even though we thoroughly explain the short sale process to our clients, we still get asked 30-60 days into the transaction, “Why does it take so long to close a short sale?”  I can understand their frustration and disbelief that it can actually take a bank over 60-120 days to respond to an offer. Read the rest of this entry »

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Filed under: las vegas short sales tagged las vegas short sales, short sales in las vegas

President Obama signed the stimulus bill into law that gives first-time home buyers a credit worth $8,000 - or 10% of the home’s value, whichever is less on their 2008 or 2009 taxes.  What this means is if you are a first-time home buyer and purchase a home between January 1st, 2009 and November 30th, 2009, you will receive a tax credit of $8000.

So if you have been on the fence, it’s time to get off.  Las Vegas home prices and interest rates are at historic lows and now you can get a $8000 tax credit!  You can’t ask for a better time to buy a home in Las Vegas.  With so many Las Vegas Short Sales and Bank Owned Homes on the market, there is no reason why you can’t find the perfect home for you and your family.

To qualify for the tax credit, the purchase must be made between Jan. 1, 2009 and Nov. 30, 2009.  Buyers may not have owned a home for the past three years to qualify as a “first time” buyer.  You must also live in the house for at least three years or you will be obligated to pay back the credit.  For income qualification, buyers must make less than $75,000 as an individual or $150,000 for couples.

If you have additional questions about the $8000 tax credit, feel free to give us a call at 702.376.0088 or post your questions below.

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Filed under: Las Vegas Economy, Las Vegas Real Estate tagged $8000 tax credit, las vegas home buyers