FOR RENT: Southeast Henderson @ 1-215 Beltway & Stephanie…..super clean 4 bedroom single family home with 2.5 baths, 2 car attached garage, washer, dryer & fridge….1,506 sq ft in gated community with neighborhood pool & spa…close to everything even Starbucks!….nice rear yard….SHOWS LIKE MODEL HOME–VERY CLEAN!….$1,195/MONTH. Available immediately!

This is my own rental property…so call me directly Brian Grady, Owner/Licensee at 498-4508 OR email me at quickresults@aol.com

Brian Grady
Act 1 Realty
Broker-Salesman

The number of Las Vegas bank homes/Las Vegas bank repos & Las Vegas short sales on the market for sale is steadily falling.

As of May 13, 2012 there are only 4,389 Las Vegas single family homes for sale...this is an all time low. Making up this total there were just 534 Las Vegas bank owned properties and 1,223 Las Vegas short sale homes listed for sale.

The dramatic fall in inventory is due in large part to the banks pulling back on bank foreclosures due to the “Robo-signing” fiasco over the last 18 months.

Buyers are now facing multiple offers on most homes with bids well over list price; cash offers are winning most of the bids in this market.

A typical buyer is having a very difficult time unless they have all cash and are willing to pay more than list price.

Brian Grady
Broker- Act 1 Realty
quickresults@aol.com

23 Years Full-Time Experience Las Vegas Real Estate Broker: Brian Grady, Act 1 Realty.

In the challenging Las Vegas real estate market it’s important to have an experienced Realtor guiding you through the difficult Las Vegas market.
Buying a Las Vegas bank owned home / Las Vegas foreclosure (and even a Las Vegas short sale) is becoming more difficult as the properties are sold as-is with the buyer accepting the home with no repairs made by the bank. You need to make sure that you the buyer conduct inspections including mold, radon, termite, structural & pool-spa…..I counsel my buyers as to where to turn to get these done and help them evaluate the results of the inspections.

Having lived in Vegas for the last 26 years and been a real estate Broker since 1989, I can help you find the best deals and ensure that your contract/bid on any property is thorough and complete, protecting you the buyer!

If you were choosing a plumber, dentist, lawyer or any service provider…..wouldn’t you want someone on your side with many, many years of experience? Put my 23 years of experience to work for you.

Contact Info:
Brian Grady
Broker, Act 1 Realty
702.498.4508
quickresults@aol.com

Profitable Las Vegas Business For Sale!

Asking only $69,900 & seller may finance with buyer downpayment.

This 8 year old business grosses approx $72,000 and nets approx $56,0000 to owner operator.

Business provides home inspections to primarily the residential housing market in Southern Nevada. The business has a great reputation among Realtors and has a strong following with many loyal customers providing repeat business!

Owner willing to stay on with new owner for an agreed upon time period after the sale to help with the transition.

Be your own boss in this new economy. Be in control of your own destiny with your own business.

The real estate market in Vegas is on the upswing with home inspections in great demand.

For additional information, contact Brian Grady, Business Broker-Act 1 Realty
Email: quickresults@aol.com
Cell: 702-498-4508

The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence.

This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately).

If this law is allowed to expire at the end of 2012, the Las Vegas real estate market will be upside down…

…….as the law stands today, if you’re thinking of a short sale or letting your home go into foreclosure, you generally do not have to pay federal taxes on the unpaid debt of your primary residence (always check with your tax accountant to check out your own personal circumstances as to your federal tax liability if any)….BUT, if the law expires as its set to do on 1/1/2013, then homeowners will be faced with getting a 1099 in the mail from their lender with one sent to the IRS resulting in a big tax liability for homeowners….

More homeowners will likely be faced with going the route of bankruptcy. Lets hope that the politicians in Wash DC extend this Debt Relief Act!

More information, including detailed examples can be found in Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments. Also see IRS news release IR-2008-17.

BRIAN GRADY

BROKER- ACT 1 REALTY

702.498.4508

QUICKRESULTS@AOL.COM

You’ve written several offers on Las Vegas homes and you can’t get one accepted?

If you are getting outbid by the competition, let me shed some light on it:

Right now inventory of single family homes for sale is down 50% from last year…yes that’s right 50%.

Most properties are getting multiple offers…..some get 5 offers and others get 10 to 15 offers. If you want to have any chance of having your offer accepted, consider making your offer above list price ( make sure your Realtor goes over the recent sold comps )…….

Also, offers are put into 2 piles…Pile A are all cash offers—almost 60% of offers will be all cash. Pile B will be offers with mortgages/loans.
Most sellers want to go all cash as the deal closes much faster and they dont have to contend with appraisal issues and long delays in lender processing the loans. It’s that simple.

If your offer requires bank financing and goes into the Pile B, you still have a chance of getting it accepted. Don’t ask the seller to pay your closing costs….pay for your own appraisal…..pay for your own home warranty….make sure your lender pre-approval letter attached to your offer is current (within last 30 days) and submit your offer at the list price and maybe even a little higher—let the bank sort out the final value as they are brutal with appraisal valuations nowadays…not like years ago where there was a lot of rubber-stamping.

Brian Grady, Broker-Act 1 Realty
702-498-4508
quickresults@aol.com

As of today, April 2, 2012 there are only about 5,700 single family Las Vegas homes for sale in the MLS.

Two weeks ago there were 7,000——supply of homes for sale including bank foreclosure, short sales and conventional homes is falling like a rock.

Last Year at this time there were over 12,000 single family Las Vegas homes for sale.

High demand coupled with low interest rates and increased consumer confidence is helping the Vegas housing market recover.

Still many deals out there…..don’t wait too long.

Brian Grady
Broker-Act 1 Realty…..23 years fulltime experience!
702-498-4508
quickresults@aol.com

The Las Vegas real estate market has finally bottomed out! In prices ranging from $250,000 and less, we are now seeing multiple offers on properties…many selling for above list price.

Inventory of homes for sale is down 40% from last year contributing to the price rise.
….in the upper price range properties, the market is still soft but not as bad as you would think. Many are going for at least 90% of list price.

Never count Vegas down and out….she’s coming back!

Brian Grady, Broker-Act 1 Realty
702.498.4508
Email: quickresults@aol.com
23 years fulltime experience in Las Vegas real estate!

Many properties are getting multiple offers and the good ones sell shortly after hitting the market….looks like the Vegas market is staging a comeback!…….