Vegas Real Estate Market

[Alan Mendelson]

Presumably the buyer signed and is operating under an earnest money contract until closing is completed.

These are a bit one-sided, as different penalties are provided for each of you.

You cannot back out of the sale: if you try, he'll sue for specific performance.

Contrast that harsh remedy with what happens if the buyer changes his mind: in that event you cannot force him to go through with the sale, you only get to keep the earnest money payment he tendered at the beginning, which is usually a token amount.

Fortunately the market is sound and if he backs out you should have no trouble finding another buyer.

Agreed. And I think your buyer put up at least $5,000 at contract signing. In a worst case you'll sell the house a second time.

[LarryS]

If a pit boss asks if you have a card and you waive him off and show no interest and dont want one....isnt that a red flag in itself. Isnt that saying :keep your eyes on me".

[LarryS]

and do you think there will ever come a time where casinos would require a card? It would seem like a simple rule to enforce.. I wonder why they havent imposed that

it simple...youneed a cartd to get into costco...you need a cad to play at MGM....what the difference

[kewlJ]

OMG, you guys are forcing me to dig out the contract and read through legal mumbo jumbo that I don't understand and likely don't want to know.

So it loos like 1.5% of sale price is being held in escrow. Is that about right or normal? Doesn't sound like much. That is $6000 in this case.

So if the sale doesn't go through I get that $6000 and could sell over and over, having sales not go through and eventually I would have made the sale price and STILL have the house. That sounds like about the odds of 18 y.o.'s in a row.

So who set this 1.5% figure? Did I agree to that? Or is it something kind of standard?

[Alan Mendelson]

I'm guessing that's the standard contract. My guess was $5k.

Yes, you don't understand legal mumbo jumbo. LOL

[MisterV]

Talking to a local attorney who specializes in real estate in your area would seem a viable advantage play.

[MaxPen]

You have put out enough info on the buying and selling of these 2 places to be fully identified. Provided the figures are correct. Why do you insist on jeopardizing yourself and then claim to be so private? I'm not sure you realize what you are doing.

[kewlJ]

I'm not sure you realize what you are doing.

You might be right. I usually don't know what I am doing. I navigate life on the fly.

So, I was going to go back and delete/edit some numbers, but am not able to, even though the post is like 3 hours old. I guess Dan has installed an edit time limit without informing us. Way to go Dan....just when I was starting to like you again.

[AxelWolf]

OMG, you guys are forcing me to dig out the contract and read through legal mumbo jumbo that I don't understand and likely don't want to know.

So it loos like 1.5% of sale price is being held in escrow. Is that about right or normal? Doesn't sound like much. That is $6000 in this case.

So if the sale doesn't go through I get that $6000 and could sell over and over, having sales not go through and eventually I would have made the sale price and STILL have the house. That sounds like about the odds of 18 y.o.'s in a row.

So who set this 1.5% figure? Did I agree to that? Or is it something kind of standard?

What are the specs on your house?

[kewlJ]

OMG, you guys are forcing me to dig out the contract and read through legal mumbo jumbo that I don't understand and likely don't want to know.

So it loos like 1.5% of sale price is being held in escrow. Is that about right or normal? Doesn't sound like much. That is $6000 in this case.

So if the sale doesn't go through I get that $6000 and could sell over and over, having sales not go through and eventually I would have made the sale price and STILL have the house. That sounds like about the odds of 18 y.o.'s in a row.

So who set this 1.5% figure? Did I agree to that? Or is it something kind of standard?

What are the specs on your house?

What is this a test? Seeing how much I have learned from 1/2 hour ago?

(hey there is the embedded quote back) Is anyone else having strange problems with embedded quotes and edits, or just me?

[AxelWolf]

OMG, you guys are forcing me to dig out the contract and read through legal mumbo jumbo that I don't understand and likely don't want to know.

So it loos like 1.5% of sale price is being held in escrow. Is that about right or normal? Doesn't sound like much. That is $6000 in this case.

So if the sale doesn't go through I get that $6000 and could sell over and over, having sales not go through and eventually I would have made the sale price and STILL have the house. That sounds like about the odds of 18 y.o.'s in a row.

So who set this 1.5% figure? Did I agree to that? Or is it something kind of standard?

What are the specs on your house?

What is this a test? Seeing how much I have learned from 1/2 hour ago?

(hey there is the embedded quote back) Is anyone else having strange problems with embedded quotes and edits, or just me?

No, I was just wondering what the real value is. I would assume you know what the specs are. Who would buy or sell a house and not know the basics?

I'm no expert, but I have a reasable idea the value of a house given the specs, location and current market.

[Alan Mendelson]

Relax kewlj. Your ID is safe. Looking at what is on this thread as I write this no one can ID you. Don't be trolled. You're not the only one buying and selling and since the transactions are separate no one can use both to figure out who you are. They'd just be throwing darts at pages of a phone book taped to a wall.

Are these the kind of people you wanted on this forum?

[Alan Mendelson]

AxelWolf the horse has left the barn. Comments on the value of the house he doesn't need.

[MaxPen]

Relax kewlj. Your ID is safe. Looking at what is on this thread as I write this no one can ID you. Don't be trolled. You're not the only one buying and selling and since the transactions are separate no one can use both to figure out who you are. They'd just be throwing darts at pages of a phone book taped to a wall.

Are these the kind of people you wanted on this forum?

You are clueless.

If the money is right, I will contact kewlJ in person and have him verify that I did so based on the simple info he already has posted. Does anyone care to make a wager? To be settled in 45 days from today. I do not know KJ.

As a bonus I will supply Singer's cell phone number in private message.

[kewlJ]

You are clueless.

If the money is right, I will contact kewlJ in person and have him verify that I did so based on the simple info he already has posted. Does anyone care to make a wager? To be settled in 45 days from today. I do not know KJ.

As a bonus I will supply Singer's cell phone number in private message.

No, Please don't do this MaxPen. Find some other issue to prove Alan wrong and wager.


I already know Singer's cell #. That's an easy one.

[coach belly]

Please don't do this MaxPen.

You're the only one that can bet him. Anybody else would be exposed to collusion.

[LarryS]

I hope you dont later wish you never moved. But everyone is different.

I have a buddy whose wife died 2 years ago. And he didnt move, but the first thing he did after the dust settled was to get rid of her stuff. He threw alot out and donated some. Anything that reminded him of her...it was all painful. Then a year or so later he tells me he wished he had all the things he got rid of. Instead of pain he has fond memories now. He wishes he could look at her dresses, or hold her hair brush.....instead of being in pain he feels he would smile. But he reacted to his understandable immediate pain. Ilearned something from him because I probably would do what he did (although i will most likely go first so its a moot point). But then again everyone is different..we are not cookie cutter personalities.

[kewlJ]

I hope you dont later wish you never moved. But everyone is different.

I have a buddy whose wife died 2 years ago. And he didnt move, but the first thing he did after the dust settled was to get rid of her stuff. He threw alot out and donated some. Anything that reminded him of her...it was all painful. Then a year or so later he tells me he wished he had all the things he got rid of. Instead of pain he has fond memories now. He wishes he could look at her dresses, or hold her hair brush.....instead of being in pain he feels he would smile. But he reacted to his understandable immediate pain. Ilearned something from him because I probably would do what he did (although i will most likely go first so its a moot point). But then again everyone is different..we are not cookie cutter personalities.

You are correct LarryS, everyone IS different when it comes to this kind of thing, but I must say, that your friend's thinking seems rather unhealthy to me. It is ok to have something like pictures or a personal item, like a piece of jewelry to remember someone by, but if you start saving clothing and hair brushes, I think you have crossed some sort of line to unhealthy and not moving on.

It is hard. I was only married for a few years, but he was also a great friend for my entire adult life and my business partner, contributing to my best years of AP success. I can't imagine what people that have been together a lifetime, 40, 50, 60 years go through.

Anyway, I am "fairly" young and have to move on. I want to move on. And extreme as it may seem that includes this house. Life is so amazing, I am anxious to experience the next chapter and see what is ahead. I won't forget my friend and what he meant to me, but I am moving on.

[Tasha]

I think it's time to read between the lines. KewlJ is implying he doesn't want to live in the house his partner and he shared before his partner's passing. The house is a painful reminder that his partner is no longer with him and he wants out of it ASAP.

[Alan Mendelson]

Kewlj I wish you years of happiness in your new home. Good luck and congratulations. And I hope I'm speaking for everyone on the forum.