Need To Sell My Las Vegas Home

So I hear that question a lot every week. Many homeowners don’t know where to turn because they owe more than their home is worth. Many have seen their payments increase by hundreds of dollars because their interest rate on their adjustable rate mortgage went up. Many Las Vegas Homeowners are in complete shock that their home is worth much less than what they paid, just a few years ago!

The only option that they have at this point is a short sale. I explain to them that if they decide to sell, it will have to be as a short sale and its imperative they used a licensed real estate agent. Short sales require a lot of paperwork back and forth with the bank and many hours of negotiating. Sellers can still be responsible for the loss if they don’t pay attention to every detail in the paperwork that the bank provides!

I have had a few homeowners tell me there are just going to sell their home for sale by owner and hope for the best. The problem with selling their home as a Las Vegas for Sale by Owner, they still have to sell it as a short sale and they will be representing themselves as they negotiate with the bank.

So the point is, if you owe more than your Las Vegas Home is worth, contact a real estate agent and see what options exist!