Why Using an Attorney Makes Sense in a Short Sale

I have been doing short sales in Las Vegas for the last two years and in the last six months I have been referring my short sale clients to the Paladin Legal Advocacy Center. As real estate agents, we cannot give advice in fields in which we don't specialize in, such as law and accounting. Any Las Vegas Real Estate Agent that has successfully closed a short sale transaction knows that you are operating in the gray area when representing the seller.

There are legal and tax implications in a short sale transaction and it is imperative the seller understands these implications. What we have done for the last six months is refer out clients to a Real Estate Attorney who goes over the implications of doing a short sale. When the homeowner decides to move forward, we list the home and handle the marketing. Once an offer has been submitted and accepted, it is sent to the Attorney who begins the negotiations with the Lender/Bank.

Having the Attorney handle the negotiations is key in making sure the Lender/Bank agrees to the short payoff without any future penalties such as a deficiency judgement or a 1099C. Most Real Estate Agents don't have the experience or knowledge to ensure the negotiations are in the best interest of the Homeowner.

If you are a Las Vegas Homeowner, contact Sena & Associates today at 702.376.0088 and we can discuss the short sale process with you.

Las Vegas Property Management

Las Vegas Home prices are dropping throughout the Las Vegas Valley causing many Las Vegas homeowners to owe more than their home is worth. Trying to sell your Las Vegas Home while you owe more than it is worth is called a "Short Sale". A short sale is when your lender agrees to accept a dollar amount that is less than the mortgage amount that you owe. If you lender refuses to accept a short sale and you still decide to sell your Las Vegas Home, you will be required to pay the difference between the sales price and what you owe.

Another option that you might want to consider is leasing your Las Vegas Home instead of trying to sell in this buyer's market. The Las Vegas Rental market is doing very well as most homes that are priced right get rented very quickly.

Finding the right Las Vegas Property Management company is important!

You can visit us on our website at www.LasVegasPropertyManagements.com for all your Las Vegas Property Management needs!

Seven Hills Real Estate

Looking to purchase a home in the master planned community of Seven Hills? Seven Hills is located in the sourthern part of Henderson, Nevada. For more information on Seven Hills, click on the link below:

Seven Hills - Henderson, Nevada

Did Your Las Vegas Listing Expire?

Did your Las Vegas listing expire recently? If so, you might be feeling frustrated or confused! Why didn't it sell? Well there could be a few reasons. For instance your agent might not have done any marketing or the home was over priced. So what do you do now? Well here is what you can expect to happen over the next couple of weeks.

You can expect your phone to start ringing off the wall from real estate agents attempting to list your home. Your mailbox will be full of mail from real estate agents soliciting you for your listing. So what do you do?

The first thing you need to do is not rush into anything. You need to figure out why your home didn't sell with the first agent that you worked with and in order to figure that out, you need to interview several agents. Set up several interviews with Las Vegas Real Estate Agents and ask them several qualifying questions such as why do you think your home didn't sell, what type of marketing will you do and do you sell real estate full time, to name a few.

Once you choose your new real estate agent, make sure you aren't locked into a long contract. This way if the agent isn't living up to your expectations, you can cancel your contract and find a new real estate agent.

Let us know if you have any specific questions about selling your Las Vegas Home! We can be reached 7 days a week at 702.376.0088 or you can visit us on our website at www.SenaSellsVegas.com!

Sena & Associates Welcomes Mona Orkoulas as Operations Manager

I would like to officially welcome Mona Orkoulas to Sena & Associates with North American Realty of Nevada. Mona has assumed the position of Operations Manager and will be responsible for managing the 14 Las Vegas real estate agents that make up Sena & Associates. Mona will assist the agents with their leads and help them establish goals.

Mona brings over 4 years of real estate and title experience to the team!

Sena & Associates is excited to have Mona Orkoulas join our dynamic team!

Home Prices Decline in Las Vegas

Home prices have dropped by over 29% in May 2008 compared to home prices in May 2007. This huge drop is most likely a direct result of the increase in foreclosures compared to May of 2007. Banks and Lenders are lowering prices to move these homes off of their books. This is creating some excellent opportunities in the Las Vegas Real Estate Market!

To read more click on the link: Home Prices decline 29.5 percent in Las Vegas

Selling Your Las Vegas Home?

Are you in the market for a Las Vegas Real Estate Agent to sell your Las Vegas Home? If so, make sure you find an agent that has experience selling homes. You might be surprised, but there are many agents that don't have any experience selling a home. Look for an agent that has experience with Las Vegas Real Estate Marketing!

Give Sena & Associates an opportunity to show you what kind of marketing we can do to give you maximum Internet exposure which will lead to the sell of your home!

Sena & Associates Expands

Sena & Associates with North American Realty of Nevada has recently made Dale Jones lead Listing Agent for the team. Dale has over 4 years real estate experience and has been with Sena & Associates for almost a year now. Dale experience working with Las Vegas Short Sales will be beneficial to all future clients.

Sena & Associates recently added Las Vegas Real Estate Agents Greg Hoffman and Richard Myers to the team. Both Greg and Richard are excited to be a part of Sena & Associates and we expect our clients to enjoy working with both of them.

If you are looking for a career in Las Vegas Real Estate or would like to join Sena & Associates, please visit us on our website below:

Las Vegas Real Estate Career!

The Lakes - Las Vegas, Nevada

The lakes - Las Vegas, Nevada 2 story home with smooth finish stucco exterior, soaring ceilings in formal living and dining room, high ceilings on first floor, wet bar, bed and office on first floor, large master with cathedral ceiling, 3-way fireplace, balcony with mountain and pool views, big secondary rooms with walkin closet, bathroom with dual vanities, skylight, and large tubs.

This home sits on almost a quarter of an acre! This is a must see if you are interested in living in "The Lakes - Las Vegas!"

2 Story

4 Bedrooms

3 Baths

3 Car Garage

Balcony

Pool

Spa

$575,000

For more information or for a private showing, click on the link below:

The Lakes - Las Vegas

For all your Las Vegas Real Estate needs, contact Sena & Associates today at 702.376.0088!

Las Vegas Buyer's Market

Is it still a buyer's market in Las Vegas? Absolutely it is! But whats strange about the Las Vegas Real Estate Market are what we are seeing with bank owned homes price below $225K? Would you believe that there are multiple offers? I have a few clients that are looking to purchase a Las Vegas Home for under $200K and every home that they have liked so far had at least 3 offers?

So yes we are in a buyer's market, but we are also seeing buyers bidding higher than list price to purchase a Las Vegas Home. If someone would have told me that the Las Vegas Real Estate Market would be like this 6 months ago, I would have never have believed them.

If this continues in this price range, you can expect Las Vegas home prices to creep back up if demand continues for homes in this price range. My advice, if you are thinking about buying a home in Las Vegas, don't hesitate, start looking now!