Understanding the Bank’s Position Leads to Short Sale Success

A Las Vegas short sale is a transaction in which the amount paid is not sufficient to cover the existing mortgage or property liens. Once the lender agrees to accept the lesser amount, the short sale succeeds, the lender calls it even with the seller, and all parties can move forward. 

It’s a good thing to ‘unfreeze’ a property, yet short sales in Las Vegas can be tricky to close. In the worst-case scenario, a buyer and would-be short seller can be put on ice for a full year or more before the short sale succeeds. As is evident to anyone who has been through the process, a Las Vegas real estate agent with short sale experience is essential for leading the way through the negotiations and closing. 

In addition to working with a knowledgeable agent, it’s good to also approach a situation which might turn into a short sale by understanding the general precepts that influence those who will make the decisions. Usually, the mortgage-holding bank publishes how they wish to be contacted. Often, it’s through the “Loss Mitigation” Department (or a title to that effect). That language tells you all you have to know to explain why their attitude may be less than enthusiastic.

Like any commercial business, the bank’s decision-makers seek to minimize the time and man-hours needed to gain the best result. If you come to them with what is an obviously unreasonable offer, they are no more likely to react positively than any other seller. For this reason, researching the market value of nearby properties--enough so that it’s easy to show that your offer is based on a reasonable discount from those prices—is the best way to be taken seriously. 

Although you shouldn’t be surprised if even a reasonable offer is turned down at first, don’t be afraid to counter with a second offer. 

Depending on the circumstances, I sometimes advise my clients to decide on a viable time frame in which to either close the deal or move on. Not only will this prevent your wasting time, but it can motivate a loan officer to truncate what might otherwise become long-winded negotiations.

Short sales in Las Vegas are still to be found for motivated and patient buyers. If you are looking to buy a home in the coming year, now is the right time to call me to start your search!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

New Home Search Goals Change with Circumstances

As you begin any search for a new home in Las Vegas, it’s worthwhile to take a step back — to take a momentary time-out to consider widening the range of possibilities. 

For many families, the kind of home they are looking for is a foregone conclusion. Either they want a customized house in a new development, or a new home that they will build themselves, or they may be pointed toward an existing house in an established neighborhood. 

It’s a worthwhile exercise to look at the assumptions behind those fundamental housing preferences. After all, this is a very basic choice that will greatly affect every family member’s quality of life for a very long time. As you would expect, most of the time such evaluations result in confirming the original direction: people who prefer a sparkling new home will wind up checking out the new developments; those who gravitate toward stately, tree-lined streets will point toward existing homes in established neighborhoods. 

No surprise there. But there is value in understanding the root causes why one direction has more appeal than another. Understanding those reasons can tell you what qualities are really most important in your new home. It can clarify what you should be looking for in your search.

 If you have become a true do-it-yourselfer who takes satisfaction in presenting a distinctly individualistic personality to the world, a model home in a sparkling new development might now hold less appeal than it did previously. But if your new promotion has made for a more high-energy, career-centered lifestyle, time factors alone might make the advantages of a turnkey new home in a development decisive.

What turns out to be as important as anything else is whether your current living situation has changed enough that a new kind of home choice might be worth considering. Especially when you are about to embark on as important a project as finding a new home in Las Vegas, take a moment to be sure that more than momentum lies behind your basic direction. Then I’ll be ready, willing and able to help you find a Las Vegas new home that fills the bill!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

Dim Photos in a Las Vegas Listing Usually Leads to Dimmer Results

The photos that make up your Las Vegas listing will be key to your home’s marketing effort. If that first impression is positive (or even if it only raises curiosity), those images will have helped you past the all-important first hurdle. 

What makes a Las Vegas listing a visual triumph? I’m afraid that belongs in realm of art, so to a certain extent remains unclassifiable. But some factors that inevitably prevent a good listing shot are a lot easier to describe. Chief culprits:

We’ve all seen listing photos where you can barely to make out what you’re supposed to be looking at — dim shots that make a house look grey and dirty. Since everyone is drawn to a home that’s brightly lit and inviting, when in doubt, turn on more lights! Bright photo highlights make a home look clean and sparkly, so help your Las Vegas agent plan the photo shoot at the time of day you know your house looks its brightest -- and if the weather doesn’t cooperate, be willing to re-schedule.

A Las Vegas listing that shows even a few rooms that haven’t been properly de-cluttered can end up alienating potential buyers. Serious buyers want to be able to envision how a house will look once they move in: hard to do when the floors, walls or shelves are packed with your belongings. 

Sometimes it’s easy to overlook garbage cans, gardening equipment, or exterior décor touches that once looked nice (and now, let’s face it, don’t). Even though we’re in the midst of the holiday season, don’t let holiday decorations show — in a few weeks they will make it harder for buyers to envision what the property looks like any other time of year. If possible, photograph the house on a bright day with the sun behind you (but remember to keep your shadow out of frame).

You don’t have to be an Ansel Adams to take winning Las Vegas listing photos. Acing the Las Vegas listings is just part of a good campaign — and if you’re ready to market your own home, part of why you should give me a call. It’s actually a great time of year to sell!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

Las Vegas Home Sellers Bolster Results by Attention to Minor Details

Although the housing market continues to improve, it’s not quite time for the next wave of Las Vegas home sellers to reserve the moving vans. Especially for home sellers who are on the verge of listing their property, it is time to pay attention to the smaller details that would seem inconsequential, but which can nonetheless determine a prospective buyer’s level of enthusiasm (hence, the size of their offer!). 

One of the humblest details that can go unattended is grout. Honestly. A flawlessly tiled shower or kitchen splashboard can go unnoticed if the grout looks as if has gone bad. The do-it-yourself fixes are relatively easy to handle, so before that first open house is imminent, here is the way DIY experts tell us we can eliminate the issue entirely:

Use a hammer and chisel to chip away at the questionable grout. When doing this, aim the tool directly into the grout so you do not damage the tiles. This is the part where you must take your time: rushing now could mean to re-tile.

Have a vacuum handy. Once grout has been removed, use it to thoroughly clear away the debris. You’ll need a clean area before re-grouting begins.

Always wear gloves during the re-grouting. You should also use a grout float (available at any of our Las Vegas hardware stores) to make sure the grout is spread and removed easily. Spread the grout into any gaps where they appear, and press it down firmly into the corners using your fingers.

Finish using a grout sealant, and be sure to give it time to cure. The momentary inconvenience will more than pay off when you see the final result. 

As The Wall Street Journal points out, “Deals can fall through at the last minute for a variety of reasons.” While crumbling grout is unlikely to actually cause a deal to fall apart at the last minute, home sellers find that details like sparkling, well cared-for tiling can help land that deal in the first place! Las Vegas home sellers — it’s time to call me if you’re ready to list this holiday season!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

A Las Vegas Foreclosure Is Often Less Inevitable Than You’d Think

Even though national foreclosure rates have continued to drop, the threat of becoming another Las Vegas foreclosure statistic is still very real for some homeowners. It’s at least somewhat reassuring to understand that most banks don’t really want a foreclosure — so for homeowners who take an early proactive approach with their lender, losing their home does not have to be inevitable. 

Mortgage Restructuring

For anyone who has fallen behind on payments, Job One is to discuss the situation with your banker. If a mortgage restructuring is possible, you may have an opportunity to refinance at a lower rate with more manageable payment amounts. In some cases, it may be possible to alter other terms of your agreement — for example, you might arrange to postpone any delinquent payments to the end of the loan’s term. You have to ask.

Payment Deferral Options

If payment failure has been caused by losing a job, a medical condition one of the other more common causes, some banks will work out payment deferral options. If you have prepared documentation to back up your hardship claim, it is more likely that the lender will be able to offer an agreement to defer your payments while you get back on track.  

Short Sale

If the financial situation is such that you know you can no longer sustain regular payments, it may be best to consider a short sale — the option where the bank agrees to accept sale to a third party for a sum that falls short of the loan’s balance. It means loss of the property, but results in a better credit history than does a Las Vegas foreclosure. 

A foreclosure in Las Vegas becomes inevitable if the reality of a tough financial situation isn’t recognized and addressed. If you take positive steps as soon as you realize your are going to miss a payment, you put yourself in the best position to open options that are less problematic than full foreclosure. If you find you could benefit from a strictly confidential price evaluation on your home, call me — sometimes a property can be worth more than you think!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

Difference Between Prepping for In-Person and Virtual Tours

Virtual tours in Las Vegas can be potent selling tools over the coming holiday season. To make the best use of those tools, it’s important to prepare your home with the special requirements of the medium in mind. How doing so differs from prepping for in-the-flesh showings is a subtle but real distinction. Some photographers use a couple of tricks: 

Close One Eye 

Virtual tours are assemblages of still or video shots —raw material that is all filtered through the single lens of a camera. When anyone walks through a home, they do so with both eyes open. They experience a three-dimensional impression of their surroundings. 

What the “camera sees” is different — it’s why some people and places are said to be more “photogenic” than others. It’s also why you sometimes see a film director examining the next shot through a single-lens viewfinder — he’s viewing the set the way the camera will. The quickest way to start seeing what your virtual tour will convey is to simply close one eye. Strange but true, when you stand back and view each room that way, you get a two-dimensional (flat) version of what’s there. 

Snap a Test Shot

After you have arranged a room to look pleasing in a one-eyed view, take an actual test shot, then view it critically. You will probably notice how the camera lens picks up and seems to magnify any flaws that were less apparent before. You’ll want to -   

• remove excess furniture (and all clutter) to “open up” the space, expanding apparent size
• scrub any surface or thing that appears less than Q-tip clean   
• place tasteful accessory combinations (lamps, plants, books) of varying heights next to one another to add dimension  

The goal of virtual tours is to show a comprehensive view of the subject properties, inside and out — a view that will ignite the imaginations of potential buyers. As we enter the hectic holiday season, the importance of Las Vegas virtual tours can’t be overemphasized! The buyers (and they are out there!) will be busier than usual. Call me today to discuss how to reach them!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

Tight Lending Standards Create More Seller Financing

November's Mortgage Credit Availability Index shows a slight relaxation in lending standards — but as most Las Vegas home buyers and sellers will agree, getting a mortgage is still difficult. With mortgage availability benchmarked at 100, although it’s currently at  111 ½, compared with the 800 it stood at in 2007, today’s is still a tough environment. 

That’s why Las Vegas seller financing is being considered by more homeowners. When a home is owned outright, seller financing can draw a higher selling price (with future interest payments as a bonus). But before making such an offer, Las Vegas homeowners need to consider all of the ramifications: there is more involved than just the assumption of added risk. 

Of course, ordering and examining a buyer’s credit report is the starting point. If the story it tells needs too many explanations, it’s time to walk away. Foreclosing on a seller-financed home can be more difficult than through a traditional foreclosure —particularly if the financing documents are substandard.

At first blush, seller financing might seem to simplify the whole transaction, but in fact some details usually handled by a bank must be hammered out:

• • Who will pay for the appraisal; who for the inspection? 
• • Who is going to be responsible for property taxes and upkeep? 
• • Will the deed be transferred to the buyer right away, or only after the home is paid off?  

Those issues point out why a “handshake deal” can’t be recommended for a Las Vegas seller financing arrangement. Just consider the last two points: if the deed hasn’t been transferred and taxes are in arrears, whose credit is harmed?

A good attorney will draft an agreement that nails down responsibilities and penalties for a buyer default as well as a detailed payment structure. A well-drafted seller financing agreement protects both parties by preventing misunderstandings and providing an unambiguous inducement for good behavior.

Given the right buyer, clear communicating and a framework cemented by the proper paperwork, Las Vegas seller financing can provide the missing element that makes a sale possible. If you will be listing your own Las Vegas home this fall, when you give me a call, we can discuss many of the different paths to success.

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

Inspection Can Prevent Drug-Growing Nightmare

This could be any new Las Vegas homeowner’s worst nightmare: shortly after closing on their new house, a family in Canada discovers over $100,000 in hidden damages — the kind of damages that have to be fixed before the house can be deemed safe for occupancy. The cause? HGTV’s Mike Holmes made the discovery after doing a proper inspection on the property: the dream home they’d just bought had previously been used as an indoor marijuana-growing operation! 

Believe it or not, it’s an increasingly familiar scenario. Last year alone, our own U.S. DEA busted more than 2500 “grow-ops.” 

The damage such operations wreak on homes can be staggering. Increased humidity leads to warped wood, crumbling walls, and health-endangering black mold outbreaks. Holes are punched in walls and floors to run ducting. Electrical panels are circumvented to disguise high energy use, resulting in illicit wiring schemes that create true fire hazards.

Drug operations may be a rising current problem, but the issue is an older one: when housing modifications are hastily covered up, the next unsuspecting owner pays the price. 

So, as a buyer in Las Vegas, how do you avoid purchasing a home with the grow-op kinds of damages?

A thorough inspection is a must — but there are also some telltale signs you can be aware of yourself. You’ll want to be aware of mold, especially in corners of walls and ceilings. Look for patterns of screw-holes in the walls (where reflective sheeting would have been put up) or on the ceiling (where grow-lights would be hung). Ventilation is a huge issue for growers, so look for patched-up holes in walls and ceilings, modifications to fireplaces, and unusual numbers of roof vents. 

Outside the house, your own inspection should include signs of electrical meter tampering or clumsy outside wiring. And look for evidence of hasty masonry patches (especially in the garage). 

Fortunately, any of our reputable Las Vegas inspection companies should be able to spot more obscure signs. If you will be buying this fall or winter, I’ll be able to recommend some of the best. The first step, however, is to start your search!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

Mistakes to Avoid As a First-Time Home Buyer

When a Las Vegas first-time home buyer begins hunting for the prize that has to serve both as a satisfactory home base and a solid investment, most feel a mixture of excitement (a home is a landmark achievement!) and maybe just a touch of apprehension. Like any expense you’ve never encountered before, it’s appropriate to take extra care the first time out — and to pay attention to what experience teaches. Along those lines, here are some mistakes that are easy for a first-time home buyer to make. Fortunately, they’re also easy to sidestep:

1. Waiting for a better rate

Adjustable rates may well be about as low as they’re going to get right now – and some signs point to an increase in the coming months. For a Las Vegas first-time home owner who will be taking out a loan, if the property is right, hesitating to make a commitment based on a loan rate gamble is seldom a good idea.

2. Thinking short term

Consider thinking of a home as a lifetime investment. Even for those who are single or newly-wedded, it’s possible that being open to a house with extra rooms could end up saving considerably on moving, transaction and agent fees, taxes, etc. It’s equally important to look at neighborhoods and how they are changing and developing. If you do resell your home, location can make a big difference in how. 

3. Underestimating hidden costs

The monthly mortgage payment isn’t the ultimate bottom line. When a first-time home buyer comes across a property that fills (or exceeds) everything he or she has been looking for, if the mortgage payment looks to be right, it’s easy to overlook other homeowner expenses. Experienced buyers make hardheaded estimates of maintenance fees and property taxes — they will be every bit as consequential as the mortgage bill. 

For a first-time home buyer in Las Vegas, when thoughtful perspective goes into your final decision, it’s that much more likely to be a decision that pays off in the long run. If you are preparing to buy this fall, I’ll be standing by to help get you started!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

Short Sale Approval Letter attached in Equator...

#LasVegasShortSales

Received another Short Sale Approval this morning. At least this negotiator and bank were bright enough to attach the Approval Letter in Equator and not send it to the seller in the mail. We need to work smarter, not harder.

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

Short Sale Approval Letter being sent in the mail...

#LasVegasShortSales

So I received a message via Equator yesterday afternoon, letting me know that one of my Short Sales has been approved and that we will receive the Approval Letter in the mail. The mail? Really? Everyone is waiting for this Approval Letter and they couldn't send it via Equator or simply email it to me. These banks never cease to amaze me!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

The Mayol Realty Group closes another transaction!

#TheMayolRealtyGroup

Congratulations to Tina Robnett of The Mayol Realty Group!

She closed her very first transaction on 9/5/13 and picked up her check yesterday afternoon.

Way to go Tina!

This is just the first of many!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

Your Social Media Can Boost Las Vegas Property Search

By now, social media are an integral part of many peoples’ daily routine. If you are selling your home in Las Vegas this summer, you can decide to add your own social media clout to add further momentum to the professional campaign. Your agent already has a great website to attract anyone conducting a Las Vegas property search. Now many sellers are using their own social media network to link to it.  

No one wants to be spammed by a friend’s marketing on Facebook, but a few posts about your home-selling adventures can be interesting. When your home is first listed, announce it and post a link to your agent’s website. Be sure not to sound too sales-y (that’s your agent’s job). Instead, share items that relate to your life: “It’s really happening! Listing our home for sale in [insert your neighborhood] this weekend. Now I finally get to show off my new kitchen with its 6-burner Viking range!” Share photos, too.

The rules for Twitter marketing are similar. It’s social, so avoid outright sales tactics. Try asking engaging questions, like, “Do you think buyers in [insert your neighborhood] will want to check out our #solarpanels?” Don’t forget to #hashtag key words, and always link to the listing’s website so interested buyers click directly to it for their property search.

Photos sell — so if you have a Pinterest account, use it! Ask your agent for copies of your listing’s top-quality photographs, then post, post, post! Choose the top three features Las Vegas buyers might be looking for in their property search and create a Pinterest board for each. If you have a chef’s dream kitchen, create a board featuring gorgeous kitchens. If you have a waterfront property, make a board filled with beautiful waterfront properties (especially yours!) The boards will draw prospects whose property search keys on those features. 

I welcome help from any homeowner who thinks their own social network will add to my full-time campaign. If you’re looking to sell your home in Las Vegas this summer, contact me today to discuss how my marketing plan can go to work for you!

https://www.facebook.com/MarceloMayolRealtor
http://pinterest.com/marcelomayol/6437-gilded-flicker-st-lasvegasshortsales/

http://pinterest.com/marcelomayol/real-estate/

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

‘Seller Sabotage’ Can Affect a Las Vegas Home for Sale

If you’ve listed your Las Vegas home for sale this summer, no matter what your future plans may be, they won’t get under way until Job One is accomplished: turning your front yard ‘Home For Sale’ sign into one that reads ‘Sold!’ That’s why the last thing you need is to inadvertently hinder the sale yourself. There are a few traps that sellers can easily avoid, so if you plan to list your home for sale in Las Vegas this summer, it’s important to be aware of two of the most common ones:

Hanging Around

Real estate is at least partially an emotional affair. When the seller is right there hovering during a showing, his house remains just that – his. You want your potential buyers to linger — spend time imagining themselves in the place — rather than feeling like they are intruding on someone else’s turf. So relax; let your agent point to the special features you think should be highlighted. You’ll be free to take an hour or two for errands in town.

Limiting Showings

It only takes that one prospect to fall in love with your home and make a successful sale. But if that one party isn’t able to see your property, everyone misses out. The key is for your place to be available during the time when they are free to be out searching Las Vegas’ homes for sale — and that may be Tuesday morning or Saturday afternoon. The more serious you are about selling, the less stringent your requirements for advance notice should be. 

Of course, your agent will always agree to a reasonable set of hours. For instance, any time Monday through Friday from 9am to 3pm with an hour’s notice; weekends between 10am - 5pm with two hours’ notice. The fact is, truly determined sellers very rarely require 24 or 48 hours’ notice. Those can be effective deal-squelchers!

Selling homes in Las Vegas — working with you to attract top dollar for your property — is what I’m good at. Call anytime to discuss how we can work together to get that ‘Sold!’ sign planted in your front yard!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

FSBO Conundrum: Can I Still Use My Real Estate Agent?

According to the National Association of Realtors, last year there was a 14% decline in the number of For Sale By Owner (FSBO) properties. Despite that decline, FSBO properties are still available in Las Vegas – and in an inventory-challenged market, you might find one of them is a pretty tempting buying opportunity. 

But here is where caution is warranted — and where you may be amply rewarded by seeking a Las Vegas buyer’s agent to represent you. There’s more than one reason why:

FSBO owners may, er, hide things

It can be tempting for FSBO sellers to cover up problems that would have been picked up if a seller's agent had been involved. By using an experienced buyer's agent, you stand a much better chance of identifying those common problems. A qualified inspector (your agent will recommend a good one) can help you spot the more well-hidden ones.

FSBO properties usually cost more!

Statistics bear it out: it’s estimated that FSBO properties can cost 10 to 20% more than those listed via real estate agents. Owners in Las Vegas just tend to overestimate their property's worth and selling potential. And without the counsel and guidance of a real estate professional, sellers usually establish a stronger emotional attachment to their first listing price. The presence of your buyer’s agent (with a notebook full of comps) is sure to power up your negotiating stance!

Legal issues

One of the main reasons to team with an agent is the plethora of legal issues that are interwoven with residential real estate sale transactions. By using an agent, you stand to identify any contractual mishaps before they are executed — and well before costly repercussions materialize. Since many owners who take the FSBO route in Las Vegas are usually short when it comes to real estate transactional expertise, there may be required disclosures and important paperwork that they have missed. You don’t want to find that out too late.  

If you wind up seriously eyeing a Las Vegas FSBO home this summer, save future headaches by including your buyer’s agent commission in your offer. More questions? I’m available for consults this week!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

National Mortgage Rates Up — But Purchases Still Climbing!

For Las Vegas homeowners and soon-to-be homeowners, it looks like the end for deeply depressed mortgage rates. Nationally, rising rates have temporarily created a downdraft in home loan applications.

According to the Mortgage Bankers Association, mortgage applications fell 4% in the first week of July after plummeting 11.7% the week before. ‘The Market Composite Index’ is the measure of mortgage loan application volume — and it decreased 4.0% from a week earlier (on a seasonally adjusted basis).  Altogether, national mortgage applications so far this July are about a third below their level of a year ago.

The drop in applications comes as no surprise to those of us who keep a steady watch on mortgage rate trends. But there is one accompanying fact that wouldn’t have been as predictable. As USA Today notes, “Despite the rise in rates…the four-year average for home purchases continues to climb since it turned upward in November 2011.”

So what do these apparently contradictory stats mean for Las Vegas residents preparing to sell or buy a house?  

Whichever part of the equation you fall into, it’s certainly time to get moving!  If you’re considering selling, you will want to put your home on the market to take advantage of the still historically low mortgage rates in Las Vegas.  It’s often the case that rising mortgage rates spur a last-minute home-buying rush. If you’re planning on buying in Las Vegas, rising mortgage rates are a pretty good indication that it’s time to put the pedal to the metal.  

Either way, if you’re thinking of buying or selling in Las Vegas this summer, I’m standing by to lend a hand. Give me a call to discuss the full picture — including the latest price movement in area neighborhoods.

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com