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October 2008

How To Buy HUD Homes in Nevada

Buying a HUD home in Nevada is emerging as another alternative for potentially a good bargain. The active property list as of 10-24-08 had 48 available properties including manufactured homes, condos and single family residences. There have been few HUD homes available in recent years due to the high percentage of conventional loans. With the trend in financing switching back to FHA loans (46% of all Las Vegas closings in September were FHA), expect to see the number of HUD homes available to increase. Here is a review of the HUD Home bid process and resources: The local listing broker... Read more →


6 Fundamentals of Marketing

Jean Jones of ProspectsPlus recently gave an excellent presentation to our real estate office on the fundamentals of marketing and how to use the marketing and lead generation materials available from ProspectsPlus. I encourage you to check out the cost effective and wide variety of marketing materials, personal brochures, postcards and more. Contact Jean Jones directly for more information at 623-544-1205 or email:jjjjones99@aol.com. Here are the six fundamentals of marketing Jean shared with our office: Budget. Every business needs a budget and a method to track your expenses and return on investment. See my post on the Real Estate Business... Read more →


Should an Appraiser Use Short Sales and REO's as Comps?

Debbie Huber,SRA of Huber Appraisal and Home Pride Insections in Las Vegas is today's featured guest blogger. Debbie has been appraising residential homes in Las Vegas for over 20 years and holds the SRA designation (Senior Residential Appraiser). She is also a Past President of the Appraisal Commission for the State of Nevada. Should appraisers use short sales or bank owned properties/repossessions as comparable sales or listings in their analyses? (Repo’s or bank owned properties are also known as REO’s.) The best response to this question is that it depends on each particular subject property’s subdivision or market area, and... Read more →