How to make a Competitive Offer on a Las Vegas Home Part III: (Keep it Clean)!

Posted by & filed under For Buyers, Las Vegas Homes, Las Vegas Real Estate.

  Five years ago, when our market was flooded with bank owned properties for sale, the mindset was one of: “what can I get for my client.” Agents constantly asked sellers to make all kinds of concessions:   a)        Make an offer below the asking price….market values are still falling! b)         Pay a portion of… Read more »

How to make a competitive offer on a Las Vegas Home (Part II: The Importance of Being Earnest)

Posted by & filed under For Buyers, Las Vegas Real Estate.

Earnest money is defined as follows: “A sum of money paid by a buyer at the time of entering a contract to indicate the intention and ability of the buyer to carry out the contract.” Normally such earnest money is applied towards the purchase price. Often the contract provides for forfeiture of this sum if the… Read more »