Have Short Sale Questions?

Las Vegas Short Sale Help

Call Me Now... I have the Answers 702-348-7191

lv map
LAS VEGAS HOMES Search...Click on the map to search Las Vegas homes, foreclosures and short sales.

What Every Las Vegas Short Sale Seller Should Know about Costs

By Kathryn Bovard

In the Las Vegas Short Sale market there are several costs that a seller should be aware that he or she might have to pay in order to successfully close the short sale transaction.

These costs will be above and beyond the “deficiency“  that the bank may want you to pay and any third party negotiating fees.

If you live in a neighborhood with a Homeowner’s Association (HOA), you will want to keep your monthly dues up to date to avoid late fees and fines. You will also want to maintain your landscaping which will include water and electric for the same reason – to avoid costly fines.  Also, there will be a cost of the HOA documents that you are required in the state of Nevada to provide to the Buyer. The fee is mandated not to exceed $160.00 plus copy fees.  And most Real Estate companies will charge a Broker Administrative Fee (BAC) which will range from $350.00 up to $600.00 depending on the company.

You will also want to  make sure that your homeowners insurance is current, this can be done by contacting your insurance company. Be aware that many insurance companies will not insure a vacant home after a certain period of time, usually 30 days. There may be additional fees associated with your short sale, please check with your Certified Short Sale Professional for more details.

Kathryn Bovard is a Certified Short Sale Professional and experienced with the often lengthy and stressful Las Vegas short sale process.   If you are contemplating a  Las Vegas short sale , she can assist and navigate you through the entire process.

Call Kathryn direct at 702-348-7191 to schedule a short sale consultation today.

Related posts:

  1. How Much Should You Expect To Pay In Mortgage Closing Costs?
  2. Protecting the Short Sale Seller in the Purchase Agreement
  3. Short Sale Your Home: A Seller’s Real Estate Guide – Tip #1 Organize the Basics

Categories : Short Sale Tips


  1. [...] This post was mentioned on Twitter by Michelle Sterling, Kathryn Bovard. Kathryn Bovard said: New ResShortSale post #shortsales: What Every Las Vegas Short Sale Seller Should Know about Costs http://bit.ly/b2ObwX [...]

Leave a Reply

las vegas mls search

lv map
Click on the map to start your Las Vegas area property search.
  • 11655
ResidentialShortSale.com provides useful information to the community about Las Vegas Short Sales, Nevada Foreclosure Mediation, and the Las Vegas Short Sale process. We are Las Vegas Short Sale Experts who know the Las Vegas Real Estate Market.

You can also search all Las Vegas Homes for Sale from this site.

short sale consultation

Do You Have a Real Estate Agent You Can Trust to Handle Your Short Sale?

Call Now: 702-348-7191