Saturday, September 15, 2007

recap of the week

We found the owner of "Tink" the puppy that we rescued last week.

My camerawas rescued by the wonderful people at RAINBOW'S END NATURAL FOODS to whom I am deeply grateful.

Or listing at 3455 Algonquin Circle (in Paradise Palms) CLOSED on Monday! The buyer is a performer in one of the Cirque shows. Thanks to Stephan LaForge of Vegas Realty for bringing us a very smart buyer, and for a clean, on schedule transaction.

My dear friend and one of my favorite Realtors (I mentored her for a year when she started her career) Astraia Matelich became MRS. Scott Lee last night in a beautiful ceremony at the Four Seasons. Congratulations and Best Wishes!

Green Technology And Vintage Vegas Homes
The "Green Guy" is the one we're negotiating with on 1701 15th St. We have an agreement in principal, but will get the actual contract today for review.

No... he's not an alien with green skin, but his heart and soul are "green", so he's proposing a showcase for "Green" Technologies and a "Green" earth friendly, healthy home ideas. Vintage Vegas is a perfect place for it.

County Commissioner Chris Giunchigliani Gave Me An Update on the National Golf Course
The developer deal to buy the golf course did close on schedule August 31.
Chris G. has scheduled a meeting with all concerned Paradise Palms residents and the new owner of the Golf Course. The meeting will be Wednesday OCT. 3 from 5:30 to 7pm at the Orr Middle School on Katie. The real plans for the golf course are still up in the air, but there's tons of opposition to 500+- homes.

How The Fallout From The "Lending" Problem Can Affect Las Vegas and Vintage Vegas Real Estate
It breaks my heart to report that 1249 8th Place is probably going to come back on the market on Tuesday. 5pm Monday is the last last last of many deadlines for the buyer to perform. She got totally caught up in the "lending problem" which we and CNN and the newspapers have reported on HERE and HERE, ad nauseum. We were totally pleased that the home sold in 10 days for a price that demonstrates that we are not losing value in Vintage Vegas. The buyer was amply qualified in late June when we made the deal. The day we thought we going to get loan docs was the very day the whole lending crisis broke into the news, and the company that was supposed to be doing the loan closed their doors instead. 3 other lenders along the way went under, and not withstanding the buyer's and seller's determination (and certainly my own) to get it closed, I think we're done. So SOMEONE'S going to get a second chance at this great home in the John S. Park Historic Neighborhood.

The Newport Cove Condo went into escrow yesterday. The buyer's agent and lender SWEAR! to us that they have a 10% down investor loan, but we're only giving them 10 days to prove it.

Update On The Best Real Estate Deal In Vintage Vegas

The best deal in Vintage Vegas house had another price reduction, and the seller says he's going to at least clean the place this weekend. (1450 sf, 3br, 1 bath AND a pool for low low 200's! It's cosmetically and landscapingly challenged, but for 212k, that's certainly been more than discounted out of it.

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