Tired of Losing out to Cash Buyers?

Tired of losing out to cash buyers on the Las Vegas homes of your dreams? You must get completely pre-approved for a loan before submitting an offer, and you must be able to close quickly once that offer has been submitted. So we found a mortgage lender who could help our clients compete in multiple offer situations.

Southern Fidelity Mortgage, one of the Tonnesen Team Preferred Lenders, wants to earn your business and help you compete with all cash offers. They will guarantee:

1. They will be ready to fund and close any loan within 15 days. Just submit your completed loan application with required documentation and then go house hunting with one of our experienced real estate agents. When you can close as fast as a cash offer, you have a much better chance to get your contract accepted in multiple offer situations. Banks consider preapproved financed purchase offers with two week closes to be as strong as cash offers. 
2. Lowest rates and fees in town! Southern Fidelity guarantees to meet or beat any legitimate loan quote, so you can save money AND qualify for a higher loan amount. 
3. The best customer service around. After your loan closes, you will be asked to complete a short survey on your customer experience. Your lending team only gets a bonus if YOU are a happy customer!

Just go to: Las Vegas Mortgage Loan Application and fill out a short pre-application form, and one of Southern Fidelity’s loan officers will get back to you within 24 hours to put together your mortgage game plan.

Bank of America Fires Bank of America?!!

Bank of America announced earlier this year that it plans to lay off more than 40,000 employees, many of them loan officers and processors. They also intend to close to close 10% of their branches nationwide and gradually get out of the mortgage industry. The layoffs have already begun in Las Vegas, and you know it’s affecting customer service when, literally, Bank of America fires Bank of America!

A number of months ago, one of our agents listed a Las Vegas short sale and was fortunate enough to also find the buyer. The short sale bank was Bank of America and the buyer was obtaining a mortgage loan from B of A to fund the purchase.

The property was placed into escrow and the fun began. The seller’s documents for the short sale were submitted to B of A for approval of the sales price. Within 40 days, the full approval was received, not bad at all on a short sale! Everyone assumed there would be smooth sailing ahead for the rest of the transaction - usually the approval is the hard part of any Las Vegas real estate transaction.

But things quickly deteriorated from that point on. The buyer’s employment verification was lost twice. By the time the verification was obtained, the credit report had expired and had to be redone. Incorrect figures were submitted for the sales price and loan amount. And oopsy! Someone forgot to order the appraisal.

After four extensions to the escrow due to lender errors and oversights, Bank of America’s short sale department finally issued an ultimatum - they would only issue a fifth extension if the buyer used another Las Vegas mortgage lender besides B of A! (The good news is, the buyer actually scored a better interest rate and lower fees with their new lender.)

Conclusion: Bank of America really IS trying to get out of the mortgage industry, and they are doing one heck of a job!

Toll Brothers Giving Away Up to $14,200 in Incentives!

Through October 9th Toll Brothers is giving away up to $14,200 in incentives to buyers that purchase new homes in Las Vegas during their national sales event. Toll Brothers is one of America’s highest quality home builders, with outstanding upgrades included as standard options.


Buy a new home from Toll Brothers during their national sales event (sign a contract through October 9th) and receive your choice of $4700 worth of options from their sales brochure, PLUS a $3,000 carpet allowance AND another $6,500 that can be used for more design center upgrades or closing costs. This is more than double their every day incentive package. With interest rates still historically low, this is the perfect time to buy Las Vegas real estate, and Toll Brothers is a Realtor preferred home builder.

Toll Brothers currently has three gorgeous communities in the Las Vegas Valley to select from. Two of the communities, Barcelona and Traccia, are located in the prestigious Summerlin master planned community which has over 50 miles of community trails, nine world-class golf courses, convenience stores, parks, trails and Red Rock Canyon Conservation Area

Barcelona is an intimate gated enclave of homes with spacious two-story home designs featuring up to 3,600 square feet of living space. Homes come with large pool-sized home sites, slab granite countertops, expansive second floor decks, 3 car garages and are Energy Star efficient.

Traccia is a collection of low-maintenance Mediterranean-inspired home designs, featuring up to 1,685 square feet of living space in a gated community with private clubhouse, two sparkling pools, lighted tennis courts, and fitness center. Choose from two spacious 3 bedroom floor plans with slab granite countertops, 2 car garages and Energy Star ratings.

The third community, Toll Brothers at Inspirada, is located high in the southern foothills of the Las Vegas Valley. These residences include access to miles of community trails, Sloan Canyon Conservation Area, two pools, recreation center, outdoor amphitheater, bocce ball courts, play ground, picnic and BBQ areas.

Toll Brothers at Inspirada offers a variety of upscale residences without the upscale price tag! This community includes both townhomes (1700 sf to 1900 sf) and single family homes (2100 sf to 2464 sf). All residences come with 2 car garages and are Energy Star rated.

To view the pricing and floor plans on these fine residences, please go to: Toll Brothers in Las Vegas

Then give us a call at 702-985-7654 to set up your private tour!