Selling Las Vegas Homes - Las Vegas Short Sales, Michael Ray Realtor

Michael Ray an experienced RE/MAX Realtor Las Vegas has earned the prestigious Certified Distressed Property Expert (CDPE) designation by completing extensive training in foreclosure avoidance and Las Vegas short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.

michael ray experienced realtor

Using a trained professional to negotiate with sellers and lenders on complicated Las Vegas short sales, allows the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting Las Vegas property values, this can save many people from foreclosure and even bankruptcy.

More and more lenders are willing to consider Las Vegas short sales because they are much less costly than foreclosures. Here are just some of the incentives or advantages for the homeowner in trouble to opt for the short sale:

Eligible for Fannie Mae backed mortgage after 2 years.
Credit report could drop 50 points & show late payments with effect for 18 months.
Credit History shows as 'paid as agreed' or 'settles'. Short Sale is not reported.
Short sale is not credit history so doesn't challenge employment security clearance.

When homeowner just walks away and allows foreclosure:

Ineligible for Fannie Mae backed mortgage for 5 or more years.
Credit report could drop 250 - 300 points & effect for 3 years.
Credit History shows foreclosure for 10 years or more.
Foreclosure may challenge employment and security clearance positions.

Many homeowners may feel that they can no longer afford their home, but want to avoid the negative effects of foreclosure. There are options available to both homeowners and investors who are upside down and at risk of foreclosure. By completing a short sale a homeowner leaves their home to transition to a more affordable home. Michael Ray specializes in Las Vegas short sales with no deficiency.* Learn more about Short Sales

No deficiency cannot be guaranteed in all cases.

Homes for Heroes in Las Vegas

Michael Ray is not only trained to help homeowners to avoid foreclosure by offering short sales, he is also involved in the Homes For Heroes Program in Las Vegas. The Homes for Heroes Program began after to tragedy of 9/11 to offer discounts of fees when buying or selling a home to our community Heroes.

Our community Heroes such as our military personnel, police officers, firefighters, nurses and teachers get real discounts when selling their home by simply signing up with Homes For Heroes. Homes For Heroes does not require a lot of paperwork or red tape, just give theHomes For Heroes Program your name, a way to contact you and what you do in your community and sign up to save.

If you are considering selling your Las Vegas real estate, then Michael Ray can offer you a free report on Las Vegas market value on your home. Selling your Las Vegas home is a big decision and the right information is crucial to avoid costly mistakes so call Michael Ray today at (702) 501-1508.

People naturally become emotional and attached to their homes so getting the advice of a professional real estate agent is helpful. One of your first steps to sell your home will be training yourself to start thinking of your home of as a house. This is needed to separate your emotions from it in order to sell.

Your realtor can advise you on all the details you need to get started. Taking the time to take steps such as removing photos, making open spaces, uncluttering the entire house by boxing up everything you can and putting it into a storage unit, cleaning and sprucing up will help you to get the best possible price for your Las Vegas house.

Get the latest information on your Las Vegas house's value. Because the Las Vegas real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and has their finger on the pulse of the Las Vegas real estate market. As the preeminent real estate professional in the community, Michael Ray is dedicated to providing the finest service available while breaking new ground.

Michael Ray will go the extra mile to help you achieve your goals and is constantly researching the real estate market and Las Vegas property values so your home is priced effectively from day one.

If you are going to be selling your Las Vegas real estate in a buyers market, then you will need the very best in personal representation to act aggressively in negotiating strategies, whether it is selling your home for full price or pricing your home for a quick sale. Michael Ray will also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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