Las Vegas, NV – November 11, 2010 – (RealEstateRama) — There are many Realtors in Las Vegas trying to do short sales; however, how many have successfully closed hundreds of short sale transactions? The Myers Team is the #1 Short Sale Team in the state of Nevada. A recent report provided by IMS Advanced Realty Date Services, shows The Myers Team have closed more short sale listings than any Realtor or Broker in Nevada in the past 12 months.
According to Francoise Myers, Nevada Short Sale Expert and owner of The Myers Team, “A short sale is not the end. It’s an opportunity for you and your family to take control and walk away free and clear. When the mortgage bubble exploded, Nevada was ground zero. It is NOT your fault that the Las Vegas housing market crashed. You are not alone. There is no reason to pay off $300,000 in debt when the home you bought is now worth $150,000. It makes rational sense to walk away and get a fresh start.” Too many people refuse to recognize a mistake, and then they compound the mistake over and over by spending their entire life savings, 401(k)’s, retirement savings, and even borrow money from family to avoid accepting the reality of the situation. Myers comments, “Surrendering a home worth half of what you owe is NOT a failure, it’s a business decision. Know when to say enough is enough. Your mortgage obligation doesn’t need to be a prison sentence. If your home has become the single greatest source of stress in your life, then it’s time to consider a short sale.”
“Remember that until you have equity in your house, all you are doing is renting. That’s correct! You are renting from the bank.” Myers said. Even with a loan modification, homeowners may have no equity in their homes for a decade or more.
According to industry experts, it could take 10-20 years (or more) for the Las Vegas Real Estate Market to rebound. “Unless you have equity in your home, you are better off selling your home through a short sale and buying another home down the road (that will likely cost HALF of what you paid!) The only difference between renting vs. making mortgage payments on a home with no equity is that if the roof leaks or the air conditioner goes out in the rental, your landlord pays for it. If anything goes wrong in the home you are paying the mortgage on, YOU PAY FOR IT. You also pay the homeowner’s insurance and the property taxes. Why would you incur these expenses on behalf of the bank?”
The Myers Team is Nevada’s Short Sale Experts. To contact The Myers Team, visit www.NevadaShortSaleInfo.com