How Do I Find a Realtor to Sell My Home in Las Vegas?

So you’ve decided you want to sell your home… your only question now is, what are the next and the right steps that need to be taken now? What if you don’t have the right realtor in your corner? What is the next phase in your course of action? One of the most important decisions a home owner will make, says Las Vegas-based Realtor Shanta Patton, is in choosing the right realtor to represent them. This is often times more easily said than done; the first thing that must be understood is that all realtors are not created equal.

The Las Vegas real estate market, is popular and in high demand, it’s in a constant state of change. The most competent realtors realize they must stay on top of those changes as well as continuing their education. Going above and beyond just like in any other field is what’s at the core of solid real estate practices; many good agents go beyond the minimum requirements for training.

We highly advise against the practice of choosing a real estate agent just because the seller may be friends with him or her, friendship simply isn’t enough to take the place of professional credentials and practices. Using “tough standards” when choosing a realtor can go a long way in creating optimal end results. As the same would be the case in choosing, an attorney, doctor or accountant. What’s worse, it’s been readily agreed by many top realtors that choosing the wrong real estate agent for one’s particular needs has the potential to cost the seller as much as 10 percent of the home’s value, Which could be thousands of dollars.

Furthermore, a realtor shouldn’t be chosen because he or she has agreed upon the seller’s listing price… known in the realty world as “buying a listing,” some realtors simply say what a client wants to hear. These answers are usually not based on any foundational principles. It’s an unfortunate technique employed by “short-sided” agents more interested in marketing themselves than they are in helping their clients sell their home. This is a short-term sells tactic that may work temporarily for agents looking to get a listing, however it’s an “extremely poor” strategy for selling a home at the highest possible price.

These are just proverbial tips of the real estate market iceberg when navigating the perilous waters of home selling. for more information on proactively listing your home and receiving your desired price don’t hesitate to contact Shanta Patton at Selling Las Vegas today.

What Should I Do First Before Listing My Home For Sale in Las Vegas

If you’ve decided to list your home for sale there are steps you can take to increase your chances of a quick turnover.  With just a little effort you can make your home much more attractive to buyers without investing too much money.  A well kept house appeals to more buyers and will sell faster and for a higher price.

The first thing you should do when trying to spruce your home up for sale is start cleaning it from top to bottom. Consider shampooing the carpets and wiping tiles to give your house that new home shine. Giving every room in the house a thorough cleaning will make your home appear bigger, brighter and appeal to potential home buyers.

After you clean up, apply a fresh coat of paint to the walls of your house. It’s a small investment that can offers a large return.  While cleaning up dull patches is important to also look into covering up more extravagant colors with something neutral, like beige or even just a basic white.  Painting over outstanding colored walls will help with this next step, which is to declutter and depersonalize.  Your goal is to make the home look simple and benign, to make it easy for any buyer to imagine themselves living there. While decluttering, consider it as if you were putting away or hiding 30% of your possessions.

While trying to sell a home, the kitchen can often be a key selling point on whether a buyer takes a second look or not.  Simple touch ups like fixing up the cabinets or replacing the sink can do wonders for the sale of your home.

Lastly, it is important to make sure your home has good curb appeal, or a buyer may be disinterested before they even make it into the front door.  The best way to improve curb appeal without going overboard is to trim down bushes and pull some weeds before putting the house up for sale.  Create an environment you wouldn’t mind your own children playing on.

If you are ready to put your house up for sale, or would like some personalized tips on how to fix your house up to prepare it for sale, contact Shanta Patton at 702-302-2760.  Remember, you don’t have to spend a lot of money to improve your chances of quickly selling your house at the highest price possible!

North Las Vegas Rejects Eminent Domain Proposal to Rescue Underwater Homeowners

North Las Vegas City Council members voted 

5-0 against the plan that was aimed to rescue 

thousands of underwater homeowners. 

The plan would have allowed city officials to take a bad home loan in the same way it seizes private property for public use.

Although the plan has been launched in other states, it has yet to be successful.

The greater Las Vegas Board of Realtors has been against this plan.  GLVAR President Dave Tina stated, "We also agreed with federal housing regulators, lenders and other experts who said it would harm the housing market throughout Southern Nevada just as it is starting to recover."

Although the Las Vegas real estate market does appear to be recovering, approximately 48.4 percent of valley homeowners have negative equity mortgages.  This means their debt outweighed their home’s value in the quarter ending June 30, according to a new report from housing data firm Zillow.

As a Las Vegas real estate professional who has assisted 100’s of homeowners through this difficult time in their lives, I help homeowners to deal with every aspect of the grief and uncertainty that accompanies a mortgage which is no longer manageable. In the process, I help them to get on a path of financial solvency.

If you or someone you care about would like to change the course of a life that’s facing foreclosure, I get it and I can help.  Contact me today!

Shanta Patton- Patton Team, 702-302-2760, www.SellingLasVegasToday.com , www.ShortSaleLasVegasToday.com , 

Email Me , 

Wynn Realty Group

Get Paid to Sell the Home You Can’t Afford!

Get Paid to Sell the Home You Can’t Afford!

 

 Are you behind on your mortgage?  Would your mortgage company pay you to sale your home?  YES!

In today’s market, mortgage companies have realized it is easier to allow an underwater homeowner to sale their home and gracefully exit than the alternative…. 

As a real estate professional with the Certified Distressed Property Expert (CDPE) designation, I offer all of my clients the benefit of the best expertise and insights when it comes to foreclosure avoidance. I recently closed on a short sale that was very rewarding for my Las Vegas homeowners.  They were underwater and behind on their mortgage.  We were able to negotiate a Chase Bank short sale for them that included a FULL DEFICIENCY WAIVER and $30,000 at the closing.  That’s right!  They received a check for $30,000 and were able to walk away with a peace of mind.

If you would like the opportunity to have your situation evaluated, please contact me.

To learn more, you can download my free report entitled “Struggling to Make Your Mortgage? Uncle Sam May Pay You to Sell Your House!”

www.SellingLasVegasToday.com                          www.ShortSaleLasVegasToday.com ,

Shanta Patton- Patton Team, 702-302-2760, ShantaPatton@gmail.com,

Wynn Realty Group

Loan Modification Secrets

For some homeowners in danger of losing their home to foreclosure, there has been a lot of incomplete information out there. For example, many believe that a loan modification is a “cure-all” for distressed homeowners. While it is true that it can be a good option for some people, it isn’t always the best solution.

There are many more options available to homeowners.

I have put together a list of 5 questions that anyone who is in danger of losing their home should ask before they make a decision.

Has the bank already begun the foreclosure process?

If the bank has already given notice of default, then the clock is ticking. In the past couple of years, there have been cases where foreclosures have taken as long as 2 years before homeowners lose their homes, but those days are gone. Today, foreclosure happens much more quickly, which means that homeowners have less time to educate themselves on their options. A loan modification might be a solution, but there are many other options to consider.

How much other debt do I have?

For some homeowners, a brief, unexpected issue may have put them in a financial bind that is threatening their home. For most homeowners, however, their financial issues are not limited to just their mortgage. Many of these people have found themselves in quite a lot of debt. If you have a high debt-to-income ratio, there is a much smaller chance that a bank will be willing to grant a loan modification because of the chance of redefault. In those cases, the bank may determine that a foreclosure makes more financial sense for their bottom line.

Is the issue that is causing my hardship temporary?

If a homeowner unexpectedly loses a job or finds that a temporary health issue has created the hardship that now threatens their home, but they know that the situation will resolve itself if they can simply buy themselves a bit more time, then a loan modification could be a very good solution. However, if the problems are more widespread and have no real end in sight, then a loan modification will be unlikely to help in the long term because of the high likelihood of redefault.

Is it mandatory that I stay in my current home?

The number one reason why a loan modification is such an attractive option is that it allows the homeowner to stay in their home. By exploring other options, like a selling, renting the home, refinancing or a short sale, homeowners open themselves up to the possibility that there might be a better solution for their situation than a loan mod.

Have I considered other options?

There are lots of other options for homeowners in this situation that will allow them to walk away from an unmanageable mortgage on their own terms. A short sale, for example, allows homeowners to settle with the bank with dignity and with a minimal impact on their credit scores. In many cases, the homeowner can be back on their feet in anywhere from 6-18 months.

Download a copy of my free report entitled “Loan Modification Secrets” at www.ShortSaleLasVegasToday.com and then contact me for a free, confidential consultation.

Shanta Patton- Patton Team, - Short Sale Specialist 702-302-2760, www.SellingLasVegasToday.com , www.ShortSaleLasVegasToday.com , Shanta@SellingLasVegasToday.com, Wynn Realty Group

5 Steps for a Successful Short Sale

Solving Your Mortgage Crisis Just Got Easier

5 Steps for a Successful Short Sale

Lenders and the federal government, prompted by the sheer volume of loan modification and short sale requests, have overhauled their systems and programs, making the foreclosure avoidance process much easier than in the past.

If you are considering short selling your home to avoid the financial and emotional fallout of foreclosure, you should be aware of the five steps you should take to increase your chances of a successful transaction.

First, do you qualify?

You must:

1.       Have a verifiable hardship, like unemployment, medical bills, or relocation

2.       Must have a monthly income shortfall

3.       Be insolvent (you have no cash or assets that can be sold to pay down the mortgage), or headed towards insolvency

If you meet these qualifications, follow these five steps to a successful short sale:

1.       Contact me so we can identify your servicer, fill out a short sale packet for the lender, and assemble all the required information needed to list your home for sale

2.       Gather financial information (i.e., bank statements, pay stubs) from at least the last three months

3.       Keep your house in showcase condition for showings, and make as many repairs as necessary and that you can afford

4.       Expect the lender, junior lien holders, and private insurance companies to request more paperwork, and try to gather requested information quickly to ensure transaction efficiency

5.       Set realistic expectations and work with me, the lender, and the buyer to the satisfaction and benefit of all parties involved

For more information about how the short sale process works, or about any other foreclosure alternatives you may qualify for, call me today. I can help you alleviate the burden that the threat of foreclosure brings, and we can develop a strategy to help you breathe a little easier.

Shanta Patton- Patton Team, 702-302-2760, www.SellingLasVegasToday.com , www.ShortSaleLasVegasToday.com , Shanta@SellingLasVegasToday.com, Wynn Realty Group

Break Free From Unaffordable Mortgage Payments!

A recent study in Nevada (a state that holds the nation’s highest foreclosure rate), found that only 5% of distressed homeowners knew they had alternatives to foreclosure, and only 3% took advantage of them. It was also found that 1 in 4 homeowners chose to “strategically default,” or allow their homes to be foreclosed upon on purpose! 

Clearly, too few distressed homeowners know their options and the fallout of foreclosure. If they did, they’d soon realize that there’s nothing ‘strategic’ about foreclosure, and that avoiding foreclosure is always the best plan to create financial stability.

Millions of Americans feel alone and trapped by mortgage payments they can no longer afford. In fact, 1 in 3 Americans with mortgages now owe more than what their home is worth.  And across Nevada, a stunning two-thirds of all homeowners are underwater, making it the state with the highest percentage of underwater borrowers nationally. However, more and more of them are finding education on the responsible alternatives to foreclosure is helping them move toward financial stability.

Education is key. The more distressed homeowners know about solutions, the more likely they are to overcome their financial challenges. I’ve seen this firsthand.

I can help with the education part—it’s up to you to contact me!

Shanta Patton- Patton Team - Las Vegas Short Sale Specialists, 702-302-2760, www.SellingLasVegasToday.com , www.ShortSaleLasVegasToday.com , *Email Me*, Wynn Realty Group