How Important Is A Real Estate Brokerage Brand Name?

Las Vegas, Nevada — Four years ago, I made a business decision that changed my life.  After working as a Real Estate agent with Century 21 for over nine years, I decided to switch Brokers.  As much as I liked Century 21, it no longer made sense to pay them a commission split, franchise fees, etc.  I wanted to work for a Broker who offered a 100% commission plan.  I was a little nervous about making this change and decided to send an email to my client base asking them just one question, “How important is the brokerage brand name to our relationship?”  The response I received changed everything. The majority of my clients didn’t even know I worked with Century 21.  Therefore, I changed Brokers, and my Real Estate business continued to grow and prosper without skipping a beat.

Many Real Estate agents make the mistake of assuming their “Brand” is the company who they work for.  This could not be further from the truth.  Your “Brand” is YOUR NAME.  It is YOUR reputation and image within your community.  Not only is it critical to have your own brand, but to understand how to successfully market your brand to a specific target audience.  If at some point down the road, you decide to switch Real Estate companies, it is critical that you are in complete control of your brand, and NOT at the mercy of your Broker.  For example, many of the Big Brokers offer to provide you with a company email address (i.e. Joe@century21.com) and most will agree to set you up with a personal web site.  This sounds great, until one day you decide to change Brokers and they deactivate your email and delete your web site.  How will your customers be able to find you?  You should always own your own email address and web site. (i.e. Google, etc.)

How exactly do you develop your own, unique brand?  Telling the world that you’re a licensed Real Estate agent simply isn’t enough.  There are probably thousands of Realtors® in your area.  How are you different and what makes you stand out from your competition?   What is your area of expertise?  Do you specialize in Buyer representation, Seller representation, or both?  Do you handle any specific area or zip code?  What makes you the local expert in any particular area?  Before you can effectively advertise your brand, you must first be able to identify your strengths, and why a client will benefit by hiring you to represent them.

Additionally, every successful brand has a logo.  Everyone can close their eyes and visualize the logos for successful American companies such as Coca Cola, Disney, Google, Starbucks, etc.  Maybe your Real Estate business isn’t quite as large as the companies listed above; however, each and every company had to start somewhere.  Your logo could be your picture, your name, or both.  It could be something artistic and creative; however, whatever you choose, you need to be consistent with it.  A logo symbolizes your business in a visual form, and is an important part of your brand perception.  Your logo can contribute to your Real Estate success. A poorly designed logo can communicate that your business is either new and untried or not serious about your industry, whereas a well-designed logo can communicate professionalism, polish, and stability.  How you market yourself provides potential clients with a snapshot of how well you may market their home.  Additionally, your logo reminds clients and potential customers of your identity and what you stand for.

Once you choose a creative, professional and unique logo which best suits your business, it is important to advertise your logo, consistently and often.  Your logo is a snapshot of who you are, so it should appear on every marketing piece you use.  It should appear on your email signature, on your stationary, your web site, your business cards, flyers, post cards, mailers, yard signs, etc.  Please remember to follow the rules and guidelines set forth by your local Real Estate board.  You will still need to advertise your Broker’s logo; however, your logo is equally important and should not be overlooked.

Another important thing to consider is your reputation within the community.  Did you know that each time you walk out the front door; you are marketing your image and your brand to the people who live in your neighborhood?  For example, you work hard to create marketing pieces such as flyers, postcards, etc.  You mail them to your neighbors, etc. and they look at your photo, logo, etc.  A few hours later; the person who received your postcard in the mail might recognize you at the local market.  How are you dressed?  What kind of an impression will you make?  You might not even know who this person is; however, they may recognize you, especially if you are consistently sending marketing pieces to their home.  It’s important for agents to remember that we are always marketing ourselves and our business to the people in our community.  We must ensure our actions project the type of image consistent with how we wish to be perceived.  Real Estate is the ultimate test of karma.  The waiter you just scolded at the local restaurant might have parents who own a million dollar home and are looking to sell.  The bank teller you got into an argument with may speak with hundreds of your neighbors each week.  Wherever you go and whatever you do, you certainly want people to think highly of you and talk about you in a positive way.  As Real Estate agents, we are always on stage, and need to project the best image.  Our goal is to get to know as many people as possible and make a positive impression upon them.  You never know where your next deal is coming from and everyone you meet is a potential client.

Myers Team owners Bill and Francoise Myers with Simply Vegas Real Estate are Las Vegas Top Producing Real Estate Agents.  Call The Myers Team direct at 702-677-4343

Visit The Myers Team web site at http://www.LasVegasList4Less.com

For Short Sales, visit: http://www.NevadaShortSaleInfo.com

Las Vegas Realtor

Las Vegas Top Realtors

Las Vegas Realtor

Top Real Estate Agents of Las Vegas

Las Vegas Realtor

Simply Vegas Real Estate

 

 

Want To Succeed In Real Estate? Get Out Of The Office!

Las Vegas, Nevada — Many years ago, when I first got my Real Estate license, my Broker gave me some sound advice.  He said, “If you want to succeed in Real Estate, you’ve got to come to the office.”  This made complete sense.  If you want to make money, you have to show up for work, right?  For the next six months, I woke up early, put on my best suit and came to the office each and every day.  My goal was to be the first agent to arrive in the morning, and the last to leave at night.  I was proud of my work ethic.  My Broker even mentioned me at our weekly sales meeting, telling everyone how hard I was working.  Everything seemed perfect, except for one important fact:  I had no clients.  What was I doing wrong?

One night, after leaving the office feeling a little depressed, I stopped at the local pub for a beer.  It was one of those trendy neighborhood places, always busy; however, I found a spot at the bar and took a seat.  One beer quickly turned into two, and after a while, the bartender started a conversation with me.  To be honest, I didn’t feel much like talking.  After all, I was deep in thought, trying to figure out ways to “get some business.”  Then…it happened.  The bartender asked what I did for a living.  I told him I was a Real Estate Agent.  The next thing he said seemed almost too good to be true.  “My wife and I are actually looking to buy a place,” he said.  I couldn’t believe my ears.  After a few minutes of conversation, I had my very first client.  Mike (the bartender) and his wife came to my office the following day and we started looking for homes.  After driving around for a week, we found the perfect place, and I was able to get their offer accepted.

That night, I learned the most valuable lesson I could ever learn about being a Real Estate agent.  If you want to increase your business, you need to get out and meet the people in your community.  As with most businesses, Real Estate is all about relationships.  Additionally, it’s about trust.  In order to build trust and rapport with people, they must first know who you are.  They need to feel comfortable with you.  Being a successful Real Estate agent has very little to do with selling a home.  In order to succeed in Real Estate, you must first learn how to SELL YOURSELF.  In Real Estate, it doesn’t matter who you know.  All that matters is WHO KNOWS YOU.

If you walk into any Real Estate office across the country, you will likely see the same agents showing up day after day, yet many of them have little or no business.  Instead of going out and meeting new people, they prefer to hang out at the office all day, chatting with co-workers by the copy machine, or sitting around discussing the production of other agents.  Some agents really enjoy sitting behind their desk, organizing their files or doing whatever it is they do, however, the name of the game is getting business and closing deals.  This means you have to go out and meet new people.  If you surround yourself all day with fellow Real Estate agents, the chances of selling them a house are slim to none.  Wouldn’t it make more sense to go out and meet some real clients?

There are many ways to meet potential clients.  You can pick up a phone book and start “Cold-Calling” or go door to door like Johnny Cash did in the movie, “Walk the Line” (“Hello…I’m Johnny Cash”), however, prepare to have many doors closed in your face.  A more effective way to meet people (a.k.a. potential clients) is to get involved with your community.  There are literally thousands of ways to meet people and hopefully generate some new clients.  Here are just a few:

  • Get involved with your church
  • Volunteer at local schools
  • Volunteer with local little leagues
  • Volunteer to coach children’s soccer, or children’s sports.
  • Become a regular at local neighborhood hot spots, restaurants, etc.  Get to know the staff.  (HINT: Don’t forget to tip well)
  • Get involved with local PTA’s, etc.
  • Become a regular at a busy gym/fitness center.

Additionally, if you’re marketing your services to the people in your community, you NEVER KNOW when you are going to meet a potential client.  Therefore, it’s important to always look the part.  This means keeping your car clean and looking nice when you go to the market or picking up your kids up from school.

Myers Team owners Bill and Francoise Myers with Simply Vegas Real Estate are Las Vegas Top Producing Real Estate Agents.  Call The Myers Team direct at 702-677-4343

Visit The Myers Team web site at http://www.LasVegasList4Less.com

For Short Sales, visit: http://www.NevadaShortSaleInfo.com

The Myers Team

Las Vegas Top Real Estate Agent

Las Vegas Top Realtors

Las Vegas Top Real Estate Agents

Las Vegas Realtor

Simply Vegas Real Estate

 

 

Get Cash Back For Las Vegas Short Sales

Las Vegas, Nevada — Effective February 1, 2015, homeowners who qualify for a HAFA short sale may receive up to $10,000 in relocation assistance.  The first sentence of section 12.1 Chapter IV of the Making Home Affordable Program (MHA) handbook has been amended as follows: “Upon the successful closing of a short sale, a borrower, tenant or other non-borrower occupant who occupies the property as a principal residence and is required to vacate as a condition of the HAFA short sale shall be eligible to receive relocation assistance of $10,000 per HAFA transaction (regardless of the number of occupants who will vacate), subject to the requirements in Section 6.2.5.”

This Supplemental Directive (14-04) increases the amount of relocation assistance to $10,000 for HAFA short sales that close on or after February 1, 2015.  HAFA short sales that closed prior to February 1, 2015 were only eligible to receive $3000.  There has never been a better time to do a short sale.  If you are interested in applying for a HAFA short sale, please contact The Myers Team with Simply Vegas Real Estate.  Since 2007, The Myers Team has closed more short sale transactions than any other non-lawyer affiliated Real Estate Agent or Broker in the state of Nevada.  For specifics regarding the HAFA program or Making Home Affordable Program Guidelines, please refer to the following links:

For Short Sale Information, visit: http://www.NevadaShortSaleInfo.com

For Traditional Sales, visit: http://www.LasVegasList4Less.com

The Myers Team

Las Vegas Real Estate Agents

The Myers Team

Top Las Vegas Short Sale Realtors

Las Vegas Realtor

Simply Vegas Real Estate

 

 

New 2015 HAFA Short Sale Guidelines Offer $10,000 To Sellers?

Las Vegas, Nevada — Effective February 1, 2015, homeowners who qualify for a HAFA short sale may receive up to $10,000 in relocation assistance.  The first sentence of section 12.1 Chapter IV of the Making Home Affordable Program (MHA) handbook has been amended as follows: “Upon the successful closing of a short sale, a borrower, tenant or other non-borrower occupant who occupies the property as a principal residence and is required to vacate as a condition of the HAFA short sale shall be eligible to receive relocation assistance of $10,000 per HAFA transaction (regardless of the number of occupants who will vacate), subject to the requirements in Section 6.2.5.”

This Supplemental Directive (14-04) increases the amount of relocation assistance to $10,000 for HAFA short sales that close on or after February 1, 2015.  HAFA short sales that closed prior to February 1, 2015 were only eligible to receive $3000.  There has never been a better time to do a short sale.  If you are interested in applying for a HAFA short sale, please contact The Myers Team with Simply Vegas Real Estate.  Since 2007, The Myers Team has closed more short sale transactions than any other non-lawyer affiliated Real Estate Agent or Broker in the state of Nevada.  For specifics regarding the HAFA program or Making Home Affordable Program Guidelines, please refer to the following links:

For Short Sale Information, visit: http://www.NevadaShortSaleInfo.com

For Traditional Sales, visit: http://www.LasVegasList4Less.com

Las Vegas Realtor

Top Real Estate Agents of Las Vegas

The Myers Team

Las Vegas Real Estate Agents

Las Vegas Realtor

Simply Vegas Real Estate

 

 

How To Succeed In Las Vegas Real Estate

Las Vegas, Nevada — Many years ago, when I first got my Real Estate license, my Broker gave me some sound advice.  He said, “If you want to succeed in Real Estate, you’ve got to come to the office.”  This made complete sense.  If you want to make money, you have to show up for work, right?  For the next six months, I woke up early, put on my best suit and came to the office each and every day.  My goal was to be the first agent to arrive in the morning, and the last to leave at night.  I was proud of my work ethic.  My Broker even mentioned me at our weekly sales meeting, telling everyone how hard I was working.  Everything seemed perfect, except for one important fact:  I had no clients.  What was I doing wrong?

One night, after leaving the office feeling a little depressed, I stopped at the local pub for a beer.  It was one of those trendy neighborhood places, always busy; however, I found a spot at the bar and took a seat.  One beer quickly turned into two, and after a while, the bartender started a conversation with me.  To be honest, I didn’t feel much like talking.  After all, I was deep in thought, trying to figure out ways to “get some business.”  Then…it happened.  The bartender asked what I did for a living.  I told him I was a Real Estate Agent.  The next thing he said seemed almost too good to be true.  “My wife and I are actually looking to buy a place,” he said.  I couldn’t believe my ears.  After a few minutes of conversation, I had my very first client.  Mike (the bartender) and his wife came to my office the following day and we started looking for homes.  After driving around for a week, we found the perfect place, and I was able to get their offer accepted.

That night, I learned the most valuable lesson I could ever learn about being a Real Estate agent.  If you want to increase your business, you need to get out and meet the people in your community.  As with most businesses, Real Estate is all about relationships.  Additionally, it’s about trust.  In order to build trust and rapport with people, they must first know who you are.  They need to feel comfortable with you.  Being a successful Real Estate agent has very little to do with selling a home.  In order to succeed in Real Estate, you must first learn how to SELL YOURSELF.  In Real Estate, it doesn’t matter who you know.  All that matters is WHO KNOWS YOU.

If you walk into any Real Estate office across the country, you will likely see the same agents showing up day after day, yet many of them have little or no business.  Instead of going out and meeting new people, they prefer to hang out at the office all day, chatting with co-workers by the copy machine, or sitting around discussing the production of other agents.  Some agents really enjoy sitting behind their desk, organizing their files or doing whatever it is they do, however, the name of the game is getting business and closing deals.  This means you have to go out and meet new people.  If you surround yourself all day with fellow Real Estate agents, the chances of selling them a house are slim to none.  Wouldn’t it make more sense to go out and meet some real clients?

There are many ways to meet potential clients.  You can pick up a phone book and start “Cold-Calling” or go door to door like Johnny Cash did in the movie, “Walk the Line” (“Hello…I’m Johnny Cash”), however, prepare to have many doors closed in your face.  A more effective way to meet people (a.k.a. potential clients) is to get involved with your community.  There are literally thousands of ways to meet people and hopefully generate some new clients.  Here are just a few:

  • Get involved with your church
  • Volunteer at local schools
  • Volunteer with local little leagues
  • Volunteer to coach children’s soccer, or children’s sports.
  • Become a regular at local neighborhood hot spots, restaurants, etc.  Get to know the staff.  (HINT: Don’t forget to tip well)
  • Get involved with local PTA’s, etc.
  • Become a regular at a busy gym/fitness center.

Additionally, if you’re marketing your services to the people in your community, you NEVER KNOW when you are going to meet a potential client.  Therefore, it’s important to always look the part.  This means keeping your car clean and looking nice when you go to the market or picking up your kids up from school.

Myers Team owners Bill and Francoise Myers with Simply Vegas Real Estate are Las Vegas Top Producing Real Estate Agents.  Call The Myers Team direct at 702-677-4343

Visit The Myers Team web site at http://www.LasVegasList4Less.com

For Short Sales, visit: http://www.NevadaShortSaleInfo.com

Las Vegas Realtor

Las Vegas Top Realtors

Las Vegas Realtor

Top Real Estate Agents of Las Vegas

Las Vegas Realtor

Simply Vegas Real Estate

 

Reviews For Las Vegas Top Realtors

Las Vegas, Nevada — Bill and Francoise Myers run one of the most successful Real Estate firms in the state of Nevada. They have been featured in the Las Vegas Review Journal and appeared multiple times on CBS Evening News. They have sold more than $200 Million in Las Vegas Real Estate and their experience has given them the “edge” in selling and marketing properties in any price range and under any economic condition.

When the housing market crashed in 2008, The Myers Team received national attention by helping thousands of Las Vegas homeowners avoid foreclosure. Today, The Myers Team is once again making headlines as one of Nevada’s Premier Real Estate Teams.

The Myers Team understands the importance of technology. They are considered industry leaders with online marketing and they understand the importance of using the Internet to sell homes. Many believe that Real Estate agents are “all the same,” however; this couldn’t be further from the truth. Hiring an agent who relies on Open Houses as their primary marketing strategy is like hiring an accountant who still uses a “Slide-Rule” to do your taxes…or a Secretary who still uses a typewriter. As with any other profession, there are those who have embraced and mastered technology, while others struggle to keep up with the times. By using mobile technology, top-notch professional photography, home staging strategies and innovative internet marketing, Myers Team listings receive more than ten times the exposure as agents who rely on outdated marketing methods. Additionally, Myers Team listings feature cutting-edge virtual tours. A quality virtual tour is like having an online Open House 24 Hours a day…7 days a week. Myers Team listings are uploaded to virtually every major Real Estate web site. When you hire The Myers Team, your home WILL be exposed to the largest possible pool of eligible Buyers, in the local, national and global arenas.

The Myers Team handles all types of Real Estate transactions, however, they are best known as “Las Vegas Top Listing Agents,” specializing in Seller representation. In fact, for the past two decades, Bill and Francoise Myers have been top-grossing Real Estate agents in the ultra-competitive Las Vegas market and its adjacent neighborhoods, such as Summerlin, Henderson, Green Valley, Spring Valley, North Las Vegas, Southern Highlands and Boulder City.

If you have equity in your Las Vegas home and are considering a traditional sale, The Myers Team has the knowledge, skill and experience to get your home SOLD for top dollar.

Call The Myers Team with Simply Vegas Real Estate direct at 702-677-4343

Visit The Myers Team web site at http://www.LasVegasList4Less.com

For Short Sales, visit: http://www.NevadaShortSaleInfo.com

Las Vegas Realtor

Top Real Estate Agents of Las Vegas

 

Las Vegas Top Realtors

Las Vegas Top Real Estate Agents

Las Vegas Realtor

Simply Vegas Real Estate

 

 

 

 

Las Vegas Realtors Specializing In Seller Representation

Las Vegas, Nevada — Bill and Francoise Myers run one of the most successful Real Estate firms in the state of Nevada. They have been featured in the Las Vegas Review Journal and appeared multiple times on CBS Evening News. They have sold more than $200 Million in Las Vegas Real Estate and their experience has given them the “edge” in selling and marketing properties in any price range and under any economic condition.

When the housing market crashed in 2008, The Myers Team received national attention by helping thousands of Las Vegas homeowners avoid foreclosure. Today, The Myers Team is once again making headlines as one of Nevada’s Premier Real Estate Teams.

The Myers Team understands the importance of technology. They are considered industry leaders with online marketing and they understand the importance of using the Internet to sell homes. Many believe that Real Estate agents are “all the same,” however; this couldn’t be further from the truth. Hiring an agent who relies on Open Houses as their primary marketing strategy is like hiring an accountant who still uses a “Slide-Rule” to do your taxes…or a Secretary who still uses a typewriter. As with any other profession, there are those who have embraced and mastered technology, while others struggle to keep up with the times. By using mobile technology, top-notch professional photography, home staging strategies and innovative internet marketing, Myers Team listings receive more than ten times the exposure as agents who rely on outdated marketing methods. Additionally, Myers Team listings feature cutting-edge virtual tours. A quality virtual tour is like having an online Open House 24 Hours a day…7 days a week. Myers Team listings are uploaded to virtually every major Real Estate web site. When you hire The Myers Team, your home WILL be exposed to the largest possible pool of eligible Buyers, in the local, national and global arenas.

The Myers Team handles all types of Real Estate transactions, however, they are best known as “Las Vegas Top Listing Agents,” specializing in Seller representation. In fact, for the past two decades, Bill and Francoise Myers have been top-grossing Real Estate agents in the ultra-competitive Las Vegas market and its adjacent neighborhoods, such as Summerlin, Henderson, Green Valley, Spring Valley, North Las Vegas, Southern Highlands and Boulder City.

If you have equity in your Las Vegas home and are considering a traditional sale, The Myers Team has the knowledge, skill and experience to get your home SOLD for top dollar.

Call The Myers Team with Simply Vegas Real Estate direct at 702-677-4343

Visit The Myers Team web site at http://www.LasVegasList4Less.com

For Short Sales, visit: http://www.NevadaShortSaleInfo.com

Las Vegas Realtor

Las Vegas Top Realtors

Las Vegas Realtor

Las Vegas Trusted Realtors

Las Vegas Realtor

Simply Vegas Real Estate

 

 

Who Are Las Vegas Best Real Estate Agents?

Las Vegas, Nevada — Bill and Francoise Myers run one of the most successful Real Estate firms in the state of Nevada. They have been featured in the Las Vegas Review Journal and appeared multiple times on CBS Evening News. They have sold more than $200 Million in Las Vegas Real Estate and their experience has given them the “edge” in selling and marketing properties in any price range and under any economic condition.

When the housing market crashed in 2008, The Myers Team received national attention by helping thousands of Las Vegas homeowners avoid foreclosure. Today, The Myers Team is once again making headlines as one of Nevada’s Premier Real Estate Teams.

The Myers Team understands the importance of technology. They are considered industry leaders with online marketing and they understand the importance of using the Internet to sell homes. Many believe that Real Estate agents are “all the same,” however; this couldn’t be further from the truth. Hiring an agent who relies on Open Houses as their primary marketing strategy is like hiring an accountant who still uses a “Slide-Rule” to do your taxes…or a Secretary who still uses a typewriter. As with any other profession, there are those who have embraced and mastered technology, while others struggle to keep up with the times. By using mobile technology, top-notch professional photography, home staging strategies and innovative internet marketing, Myers Team listings receive more than ten times the exposure as agents who rely on outdated marketing methods. Additionally, Myers Team listings feature cutting-edge virtual tours. A quality virtual tour is like having an online Open House 24 Hours a day…7 days a week. Myers Team listings are uploaded to virtually every major Real Estate web site. When you hire The Myers Team, your home WILL be exposed to the largest possible pool of eligible Buyers, in the local, national and global arenas.

The Myers Team handles all types of Real Estate transactions, however, they are best known as “Las Vegas Top Listing Agents,” specializing in Seller representation. In fact, for the past two decades, Bill and Francoise Myers have been top-grossing Real Estate agents in the ultra-competitive Las Vegas market and its adjacent neighborhoods, such as Summerlin, Henderson, Green Valley, Spring Valley, North Las Vegas, Southern Highlands and Boulder City.

If you have equity in your Las Vegas home and are considering a traditional sale, The Myers Team has the knowledge, skill and experience to get your home SOLD for top dollar.

Call The Myers Team with Simply Vegas Real Estate direct at 702-677-4343

Visit The Myers Team web site at http://www.LasVegasList4Less.com

For Short Sales, visit: http://www.NevadaShortSaleInfo.com

 

Las Vegas Realtor

Top Real Estate Agents of Las Vegas

Las Vegas Realtor

Simply Vegas Real Estate

Las Vegas Realtor

Las Vegas Top Realtors

Las Vegas Realtors | Who Can You Trust?

Las Vegas, Nevada — Bill and Francoise Myers run one of the most successful Real Estate teams in the state of Nevada.  When the housing market crashed in 2008, The Myers Team received national attention by helping thousands of Las Vegas homeowners avoid foreclosure.  Today, The Myers Team is once again making headlines as top producing Real Estate agents in Las Vegas.

The Myers Team handles all types of Real Estate transactions, however, they are best known in the Las Vegas community as successful listing agents.  While most Realtors work with Buyers, driving them from property to property looking to sell ANY home, The Myers Team are “listing agents,” meaning their primary objective is to market and sell YOUR home.  They work for YOU.  The time and care they devote to marketing and selling their properties has made them one of the most successful and unique Real Estate teams in the nation, not just Nevada.

The decision to list your home can be exciting, confusing and sometimes emotional.  The Myers Team understands the needs of Sellers.  According to Bill Myers, “When working with Sellers, our objective is simple: We are here to listen to your goals, and make them our priority.”  Additionally, Myers said, “When you hire the Myers Team to sell your home, you will deal directly with us.  We do not hand you off to less experienced Realtors or assistants.  You will have direct access to both Bill and Francoise seven days a week, by email, cell, text and even Face Time with your iPhone.  With our aggressive, unique and creative internet marketing plan, we will get your home sold in the shortest amount of time, for the MOST money and with the least amount of inconvenience to our clients.”

The Myers Team has sold over $200 Million in Las Vegas Real Estate since 2001.  By using technology and internet marketing, their listings receive ten times the exposure as agents who rely on outdated marketing methods such as Open Houses.  Myers Team listings are featured on the MLS, Zillow, Trulia, Redfin, Realtor.com and many other sites searched by homebuyers. In fact, according to the National Association of Realtors over 86% of homebuyers use the internet to find their home.

Call The Myers Team with Simply Vegas Real Estate direct at 702-677-4343

Visit The Myers Team web site at http://www.LasVegasList4Less.com

For Short Sales, visit: http://www.NevadaShortSaleInfo.com

Las Vegas Realtor

Top Real Estate Agents of Las Vegas

Las Vegas Realtor

Las Vegas Trusted Realtors

 

Las Vegas Realtor

Simply Vegas Real Estate

Tax Benefits For 2014 Short Sale Sellers

Las Vegas, Nevada — The average amount of tax savings on a short sale which closed in 2014 (according to NAR Research) should average $5,400, thanks to the extension of the mortgage debt forgiveness provision last year.  Getting it extended for future years is high on NAR’s legislative agenda for 2015.

On Dec. 3, 2014, the House of Representatives passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a strong bipartisan vote of 378-46.  Additionally, on December 16, 2014, the Senate passed an extension of the Mortgage Debt Forgiveness Act by a vote of 76-16. The extension applies to any short sale conducted in 2014.

The bill includes a one-year extension of several expired tax provisions that benefit REALTORS and their clients, including tax relief for mortgage debt forgiveness.  The relief is effective retroactive to Jan. 1, 2014, but expires again on Dec. 31, 2014.  Also included in the bill are one-year extensions of the 15-year depreciation schedule for leasehold improvements, the deduction of mortgage insurance premiums, and the deduction for energy efficient commercial buildings.

If Washington had failed to act on the renewal of the tax breaks, any mortgage forgiveness achieved in a short sale would have been counted as income for homeowners whom banks allowed to sell their homes for less than the amount of their mortgage. Homeowners who had short sales in 2014 are now one giant step closer to receiving tax relief on any money they received as the result of the sale of their home.

The extension only applies to short sales conducted in 2014. Any further extension of the short sale tax break will have to be taken up by the newly elected members of Congress when the Congress begins its 2015 session in January.

For additional information regarding the benefits of doing a short sale on your home, please click the following link:

http://www.nevadashortsaleinfo.com/—–home.asp

http://www.LasVegasList4Less.com

The Myers Team with Simply Vegas Real Estate is nationally recognized as Nevada’s Top Real Estate Agents.  Additionally, from January 1, 2007 to December 31, 2012, The Myers Team successfully sold more short sale listings than any non-lawyer affiliated Realtor or Broker in the state of Nevada.  The Myers Team is a licensed Real Estate Team and not qualified to offer tax or legal advice.  For specific tax questions, please consult with a tax professional.

The Myers Team

Las Vegas Real Estate Agents

The Myers Team

Las Vegas Top Real Estate Agents

Las Vegas Realtor

Simply Vegas Real Estate