Diann's Blog

Yes, it actually DOES look like Bank of America is finally getting their act together in the Las Vegas real estate market on short sales! We have seen a marked improvement in service and approval times over the past six months, and just recently B of A has rolled out two new changes to improve th...

Inventory has dwindled substantially in the Las Vegas real estate market over the past couple of months, and the volume of sales so far this year has been comparable to the volume of sales in 2005, a "boom" year. First time homebuyers and move up buyers are vying for properties that will allow th...

Real estate contracts can vary substantially from city to city or state to state. We are often asked what is included in contacts for real estate in Las Vegas, so below we have provided an overview. We do use the standard Greater Las Vegas Board of Realtors purchase contract which contains many p...

Yes, Las Vegas is definitely having a half price sale! Prices have dropped on average of 59.2% from their all time highs in early 2006. But despite reports of doom and gloom in the local and national press about the Las Vegas real estate market, the actual sales volume stats for the year 2009 sa...

Is previewing homes for clients a dying art? I have noticed over the past five years (at least locally) that fewer and fewer agents are actually previewing homes before they take buyers out to look at them. As an agent for more than 25 years, this is incomprehensible to me. Yes, we have more reso...

Finally, after years of construction and financial turbulence, the $8.5 billion dollar MGM City Center is making its grand debut on the Las Vegas Strip on 67 acres between the Bellagio and Monte Carlo resorts. Las Vegas residents are hopeful that an influx of tourists to the latest mega attractio...

Buyers of Las Vegas homes need to be aware of several proposed changes to FHA guidelines that may soon be implemented buy the Federal Department of Housing and Urban Development which will impact their purchasing power. It is estimated that more than 71% of FHA's losses over the next five years w...

A few days ago I posted a letter on this blog from one our Las Vegas real estate inspectors, Spectrum Inspections. The letter addressed the responsibility of the listing agents to disclose known defects on Las Vegas foreclosures they were handling, despite the fact that the properties were being ...

Here is a letter recently sent to us by Paul Donohue of Spectrum Inspections, one of the leading home inspection companies in the Las Vegas Valley. As usual, Paul keeps us informed of ongoing inspection issues that we, as Las Vegas real estate agents, need to be aware of. Paul sent us the informa...

For Las Vegas home owners who have been unable to qualify for a loan modification and are facing foreclosure, a new Fannie Mae program would at least allow them to stay in their homes for up to a year if they are willing to sign over their homes to the bank on a deed in lieu of foreclosure. The b...