Home > MLS SEARCH ENGINE > —–>>> YOU NEED AN EXPERT WHEN IT COMES TO LAS VEGAS REAL ESTATE (BUY OR SELL WITH US)

—–>>> YOU NEED AN EXPERT WHEN IT COMES TO LAS VEGAS REAL ESTATE (BUY OR SELL WITH US)

 702-604-7739 –http://www.BallenGroupHomes.com – Homes for Sale in Las Vegas by The Ballen Group of Keller Williams Realty Las Vegas
Why You Need anhttp://www.BallenGroupHomes.com/search/
Expert – Part II
Posted: 22 Nov 2011 04:00 AM PST
Yesterday,
we explained that having someone who truly knows the market was crucial
if you were planning to buy or sell a home today. This expert should know
what is happening in real estate, understand why it is happening and be able
to simply and effectively explain each point to you and your family.
 Today, we want to discuss the consequences if you don’t have a true
industry professional on your side.
When families enter into a
contract to buy or sell a house, two things are true:
1.       The buyer wants to own
the home.
2.       The seller wants to
sell the home.
In order for both these things to
take place, the transaction must be completed. That is not an easy task in
the current market.  The National Association of Realtors (NAR) released
their Existing Homes
Sales Report
yesterday. In the report, NAR announced that one out of every three contracts to
purchase a home in October never made it to a closing table
.
 How does that ratio stack up against previous numbers? Here is a graph
showing previous rates of cancellations:
Cancellations have more than quadrupled in the last
14 months!
 According to NAR, cancellations are caused
by:
“… declined mortgage
applications, failures in loan underwriting from appraised values coming in
below the negotiated price, or other problems including home inspections and
employment losses.”

Bottom Line

No one can guarantee you won’t
face challenges. However, the best agents and mortgage professionals know how
to manage the expectations of all the parties involved thus dramatically
increasing the chances your deal will close and you and your family will be
able to move on with your lives. Hire that true professional!!

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