Welcome to Las Vegas Short Sales...why?

 We are in a very strange real estate market and in a very strange time. At the time of starting this blog site, today is June 29th 2012, here in Southern Nevada, we currently have exactly 5 months until the end of the 2007 Federal Debt Relief Act comes to an end. The Debt Relief Act was created to help homeowners that sold their home through the short sale process when it comes to filing for taxes. It allows the homeowner to file and not have to pay taxes.

 In addition to this program coming to an end, our current sales inventory is shrinking due to the AB 284 law that was passed last year. We currently have less than 4000 homes that are available on the market for sale. This is actually a good thing to some and a terrible thing to others. Let me explain:

• If you find that your home is underwater; you owe more than it is worth, this is a GREAT opportunity for you sell as a short sale. The inventory is low which means that you have a much greater chance of receiving an offer. The banks are streamlining the process so it may not take the normal 6+ months to close and if you close before the end of the year, you will not have to pay taxes on the difference.
• If you are a buyer, this is not such good news for you...you are competing with many other buyers on inventory that is already low. UNLESS you are working with the Gonzales Team!!

 What we do to help both the buyers and sellers out there is we search out properties that are looking to do a short sale, we list the property, through our marketing efforts we ususlly find a buyer within the first week and we sell the property. Our team consists of a lead byers specialst, 2 buyers specialists, a listing specialist, a short sale negotiator, a transaction coordinnator, a marketing specialist and a closing coordinator. We are closing short sales with 3 months to 6 months, (depending on the banks), and we have the luxary of saying NO to a seller if they are not willing to cooperate with the way that we do things to be fair and efficient in the process.

If you would like to know more about what we do, how we do it and why you should work with a reputable, educated and proficient team, please give us a call at 702-291-8126 or check out our website at www.shortsalegreenlight.com
Check out this video by Las Vegas NBC Affiliate News3 on www.shortsalegreenlight.com