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About Diann Tonnesen
(Top Expert on this page)

Expertise
I have over 25 years of experience in real estate in Las Vegas. I can answer almost any specific question about buying or selling homes, condos, high rise properties or land in the State of Nevada as well as general real estate questions that pertain to the industry as a whole. I can also answer questions related to financing on FHA and VA loans, conventional loans, interest only loans, stated income loans, and hard money lending. You can also go to my site at http://www.greatlasvegashomes.com which has lots of information on it as well.

Experience
With my husband I have been helping families call Las Vegas home for over 23 years and I still love it! We developed a strong niche in the Internet industry and had to start a team of agents to respond to the large volume of calls we were getting. Currently we have 18 full time agents, a sales manager, two leads managers and two transaction coordinators assisting us. Last year we helped over 280 families and investors find property in Las Vegas.

Organizations
Las Vegas Board of Realtors and the National Association of Realtors

Publications
PR Web, Las Vegas Review Journal, and interviewed for numerous magazines as well as a broadcast interview for television by CNN.

Education/Credentials
college journalism major

Awards and Honors
Top agent in the state of Nevada for sales multiple years when working for Century 21 and last year one of the top 10 agents in the country with Prudential.

Past/Present Clients
Just too many great clients to mention here, but I can certainly provide a long list of references on request. Or check out our web sites at:

Las Vegas Real Estate
Las Vegas Condos
Henderson Real Estate
Las Vegas Golf Course Homes

   

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Questions Answered By Expert  Diann Tonnesen 
In Category  Buying or Selling a Home

SubjectDate Asked

Property in Bankruptcy11/13/2009
  Q: Tonnesen, I need help resolving a scenario concerning a vacant property I am interested in ...
  A: If the property is not yet listed, the real estate agent probably does not even have the ...
Property in Bankruptcy11/11/2009
  Q: Tonnesen, I need help resolving a scenario concerning a vacant property I am interested in ...
  A: Georgia Peach! (I am assuming that is what gapeach stands for?) Is this property currently listed? ...
Short Sale Questions11/6/2009
  Q: I am hoping you can help me with some questions. We are currently trying to sell our house and we ...
  A: You have to look at not only properties that have sold, but also what the current competition is in ...
Short Sale Questions11/6/2009
  Q: I am hoping you can help me with some questions. We are currently trying to sell our house and we ...
  A: Tell you husband not to worry about pricing it at or even a bit below appraised value. You have ...
Short Sale Questions11/6/2009
  Q: I am hoping you can help me with some questions. We are currently trying to sell our house and we ...
  A: First of all, thank you to your family for your contribution to our country. It's not easy being in ...
Closing Question9/28/2009
  Q: I'd like to get your thoughts on the following issue: I am scheduled to close on a house this ...
  A: Actually, it is quite common nowadays that only the buyer and the buyer's agent are present at the ...
Closing Question9/27/2009
  Q: I'd like to get your thoughts on the following issue: I am scheduled to close on a house this ...
  A: Personally I agree that you should have all your questions answered before the closing. Have you ...
non heated/air conditioned room to be included in square footage??9/25/2009
  Q: In determining the square footage of a home: is an area that has no vents for heat or ac to be ...
  A: I don't know if your local statutes and building codes are different than the ones we have here in ...
what kind of help is out there to buy a home9/21/2009
  Q: where can i find out what kind of programs there are to help a low income family of six in buying a ...
  A: There are both local and national programs to help homebuyers. For local programs you should call ...
Selling a home with VA funding9/18/2009
  Q: I have a home which I obtained through first purchasing the non-performing note, and have recently ...
  A: VA does not have any restrictions like FHA does on financing after a foreclosure, so you should be ...
Earnest Money Deposit9/11/2009
  Q: . I was pre-approved for a FHA loan. I found a townhouse that I wanted to buy. I began the initial ...
  A: There is no agency I know of that you can report the seller to, unfortunately. It will depend on ...
Condos9/2/2009
  Q: I went online yesterday and began looking at the condo market in the Ken Caryl/Littleton area...of ...
  A: Rock and roll, indeed! They had a Woodstock Festival downtown on Fremont Street a couple of weeks ...
Condos9/2/2009
  Q: I went online yesterday and began looking at the condo market in the Ken Caryl/Littleton area...of ...
  A: 56 is a great age. :) I am also 56 so we can listen to music together and talk about the good old ...
hello7/7/2009
  Q: Diann, How are you? My name is Kenneth and I have some questions regarding las vegas real estate: ...
  A: We are telling everyone we are having a half price sale in Las Vegas! :) Yes, prices have come ...
Etiquette6/29/2009
  Q: I am a realtor, and my partner and I have a client who asks us to remove our shoes when at their ...
  A: If you know that your listing client does not want shoes worn in their home, I would get some of ...
Get out of House Buying Contract6/21/2009
  Q: I have a crazy question. I am buying a home through a builder who is building in another builder's ...
  A: This is not a crazy question at all. You have every right to be concerned about the neighborhood, ...
Buying and Renting Out A House6/2/2009
  Q: I am interested in buying a house (without selling my own), renovating it, and renting it out. How ...
  A: It is a great time to be buying in most parts of the country. And you can certainly own a home that ...
Home purchase - information not disclosed5/11/2009
  Q: I recently purchased a home last November (2008). There are holding tanks in my front yard to which ...
  A: You really need to look at your paperwork closely first to make sure that there was absolutely no ...
VA4/14/2009
  Q: The house next door is up for sale. I would like to purchase using my VA benefits. We are using an ...
  A: Unfortunately that is precisely the reason the lenders probably will not do a VA loan for you on ...
VA4/12/2009
  Q: The house next door is up for sale. I would like to purchase using my VA benefits. We are using an ...
  A: I'm afraid I don't have any good news or ideas for you. Since both VA and FHA loans are for owner ...
building a house4/9/2009
  Q: My wife and I have 6 acres of land that we own out right(land is valued at $75,000 We want to build ...
  A: I would definitely look in to getting a construction loan. There are very few lenders giving money ...
Will owners sue us?4/9/2009
  Q: Just over 2 weeks ago my husband and I put an offer in on a house. This is our 1st time purchasing a ...
  A: The answers to all your questions depends on what is actually in your contract. Most states have ...
Assumable Loans3/10/2009
  Q: I have a question...my husband and I are really wanting to get out of our house right now and ...
  A: There are really no such things as "assumable" loans anymore. FHA and VA loans used to be assumable ...
Mortgage loan12/8/2008
  Q: I wanted to ask if there is anyone that can get me a stated loan or stated income loan for a ...
  A: Unfortunately at this point there are no nationally recognized banks that I know of that are doing ...
Buying contingent to selling9/11/2008
  Q: We are selling our townhouse and bought a house. I’ve been married for 2 years and I am 27 years old ...
  A: The appraisers are really lowballing the appraisals these days. They are so afraid of losing their ...
VA loan9/10/2008
  Q: I purchased a home with my brother-in-law in Virginia a few years ago. He and my sister have moved ...
  A: I'm sorry, I misunderstood and thought that you were paying the money directly to your brother in ...
VA loan9/8/2008
  Q: I purchased a home with my brother-in-law in Virginia a few years ago. He and my sister have moved ...
  A: You are correct, you should actually have two official signed lease agreements to present to the VA ...
Selling a home to an FHA buyer8/17/2008
  Q: I would like to know if there is a quide for a home seller on getting your home into shape to pass ...
  A: There is no "guide" that I know of to get your home ready to pass an FHA inspection. Even the HUD ...
Buying a home way under appraised value8/13/2008
  Q: My wife and I own a townhome and are considering moving to a bigger townhome (we like ...
  A: Sounds like you might be getting a great deal on the town home! But if it is a short sale or ...
Foreclosure in Nevada7/3/2008
  Q: My house is to be auctioned in trustee sale 7/16/08 for 296,000 on the first and there is an IRS tax ...
  A: It sounds like the IRS is in first position in this situation, and if the lien was filed before the ...
selling my home6/21/2008
  Q: I currently am trying to sell my home ( property A). A couple years ago I sold it on contract. ...
  A: You can always sell a property prior to having it foreclosed upon! I am assuming that when you sold ...
Best to buy a new or older home?6/6/2008
  Q: My brother and I both plan to buy homes in the Las Vegas area next spring (I am also considering the ...
  A: Stephen, there are certainly pros and cons to each situation. How about I break down each one for ...
foreclosure home buying4/11/2008
  Q: I've come across a company offering ridiculously reduced mortgage payments on homes that are on the ...
  A: This definitely sounds like some sort of scam! Just the fact that no legitimate lender is offering ...
first time home buyer3/3/2008
  Q: My wife and I recently moved back to the east coast after a year living on the west coast.While we ...
  A: Sorry to hear you took a loss on your first home. That always stinks!! While you are not ...
Quick Sale2/22/2008
  Q: My home is up for quick sale. I received an offer which allows me 2 months move out time after ...
  A: Your bargaining power really depends on the buyer's motivation. The bank has drawn the line on what ...
first time home buyer2/6/2008
  Q: we found a house we would like to purchase. our real estate broker asked us for the good faith ...
  A: I am glad that you have obviously already read up enough to know the ramifications of an end of the ...
making an offer before I sell my house12/26/2007
  Q: We have found a house that we would like to make an offer on but the problem is that we just listed ...
  A: You can absolutely get pre approved for a new home loan contingent on selling your existing home. ...
Realtor Commission on the Sale of Realtor's Parents House12/10/2007
  Q: My mom and 3 step-brothers are selling my deceased grandparents home. There is a trust that says ...
  A: Usually when selling a home that is in a trust, a Realtor is hired to market the home and is ...
FHA loan and Co-borrower11/26/2007
  Q: My boyfriend is interested in purchasing a home for 150,000. It is well below it's appraisal value ...
  A: Without looking at a complete loan package, I can't say for sure that your boyfriend can get a loan ...
Mortgage with a Judgment in repayment11/16/2007
  Q: I have been approved for a loan by a bank, i've received my committment letter, had the inspection, ...
  A: I really wish they would stop calling them "commitment" letters! You can get a "commitment" letter ...
Commission11/14/2007
  Q: What is meant by the gross sale price of a purchase and sale contract? Example: If I agree to pay ...
  A: Gross sales price refers to the total sales price of the home before closing costs or concessions. ...
CHFA Loan (Connecticut FHA Loan)11/6/2007
  Q: I have a condo unit that's mortgaged with a CHFA loan. Under this loan the unit has to be owner ...
  A: Alan. Sorry to take so long to answer, but I actually went on my first vacation in over a year the ...
existing mortgage/construction loan10/29/2007
  Q: Our home is about 60 years old. It's in an older section of a small town that is being revitalized ...
  A: You will still owe the amount due on the original mortgage. But you may be able to get a ...
buying a double wide?10/25/2007
  Q: My husband and I are young first-time homebuyers. In our area there doesn't seem to be much on the ...
  A: Jennifer, I take it you have not yet looked into financing on the double wide? One thing to note is ...
Loan9/22/2007
  Q: How much income annually do I need to borrow a $300,000 loan? I want to own a home at $300,000 with ...
  A: the banks want to make sure you can afford your monthly housing payment and still have money left ...
Loan9/22/2007
  Q: How much income annually do I need to borrow a $300,000 loan? I want to own a home at $300,000 with ...
  A: In order to qualify for a $300,000 loan you will need approximately $90,000 in annual salary. On an ...
buying us property9/4/2007
  Q: We are planning on buying a modular home in Arizona on a lot in a park, it is an older property and ...
  A: Mandy, in order to answer this question, is this modular attached to the land and is it considered ...
Land Contract and property taxes9/1/2007
  Q: Diann- If I buy a property on a land contract is the property reassessed as far as property taxes ...
  A: Unfortunately I can't answer this question for sure as I don't know where you live, and your local ...
want to sell or rent our home8/28/2007
  Q: How do we sell or rent our home through section 8?
  A: In order to rent your home through Section 8, you need to become approved by your local HUD ...
Buying out of a home8/27/2007
  Q: Let me first start off by explaining my situation. My fiance' and I purchased our first home in ...
  A: Unfortunately you cannot get out of the contract on this home if your name is on the mortgage. (If ...
buying and flipping propert/ houses8/15/2007
  Q: I am currently refinancing my house. The market here in nc is low now. I have a VA Home loan I can ...
  A: Your VA loan eligibility can only be used on a personal residence, not on an investment property. VA ...
SELLING HOME8/7/2007
  Q: MY WIFE'S SON WANTS TO PURCHASE OUR HOME.WE LIVE IN OKLAHOMA.THE MORTGAGE COMPANY HE WANTS TO USE ...
  A: Sorry to take so long to answer your question, but I did not get the original email from All Experts ...
Best way to buy mom's home7/25/2007
  Q: My mom's health is poor and my husband and I want to buy her home, build an addition for her to live ...
  A: Do you have any idea of the cost of the addition and the remodel yet? If you buy your mom's home ...
Breaking a contract7/9/2007
  Q: I was pre-approved for a home mortgage loan. I found a house and signed a contract. I am due to ...
  A: I could not answer this question without knowing all the terms of your contract as there are several ...
question7/5/2007
  Q: .. quick question... Is it possible to buy or lease apartment building in San Francisco,ca and ...
  A: A tenancy in common property means you are not buying the entire property, but are only a part owner ...
question7/3/2007
  Q: .. quick question... Is it possible to buy or lease apartment building in San Francisco,ca and ...
  A: I really don't know where you could find an answer to this question online. You would need to call ...
question7/3/2007
  Q: .. quick question... Is it possible to buy or lease apartment building in San Francisco,ca and ...
  A: I would assume you could buy (but not lease) an apartment building and convert it to a hotel as long ...
selling my home on contract6/29/2007
  Q: I am the executor of an estate. There is a home in the estate to sell. There is a party that wants ...
  A: First you need to find out if what the party is offering you is a good value for the home. Contact a ...
buying a home disaster6/27/2007
  Q: It is under agreement, but it has been one thing after another with the owner. We do have an ...
  A: If you have a fully executed sales agreement (meaning signed and dated by all parties), you may be ...
FHA growing equity and graduated payment mortgages6/20/2007
  Q: We are buying a home this summer and will most likey get an FHA mortgage. I have some questions ...
  A: It is tough for me to answer interest rate questions as each lender has their own guidelines! Rates ...
FHA growing equity and graduated payment mortgages6/20/2007
  Q: We are buying a home this summer and will most likey get an FHA mortgage. I have some questions ...
  A: If you are going to have an increase in income in the future, an FHA graduated mortgage payment may ...
Buying a home with a contingency6/20/2007
  Q: I recently signed a contract and paid earnest money to purchase a home, contingent on me selling my ...
  A: This is where you need a straight answer from your agent as to the practice in your particular state ...
Overpriced house/Change Realtors?5/31/2007
  Q: My husband and I made the initial mistakes of 1.listing with a 3% realtor, who did nothing 2. ...
  A: Sharon, I can hear your frustration! It is doubly hard when there are not properties that are ...
Sell my home5/14/2007
  Q: In Feb. of this year I refinanced my manufactured home with 17 acres into my name only because my ...
  A: Wish I had better news for you. Unfortunately FHA loans are only assumable WITH qualifying at this ...
Placing a offer on a property4/30/2007
  Q: If I put a offer on a house (asking price) can the real estate agent wait until a second person puts ...
  A: I am not sure where you are and if local laws may be different. But in general real estate contracts ...
principal4/21/2007
  Q: How much of the principal to a home purchase must be repaid before you are allowed to sell it? I ...
  A: There are so many reasons for foreclosures. Most of the time there IS no profit for the owner, and ...
VA Loans vs Conventional3/29/2007
  Q: I am 27 and did 4 years in the United States Navy. I got out about a year and half ago, and since ...
  A: First of all, thank you so much for serving our country. And congratulations on your impending ...
disclosures3/26/2007
  Q: If you are selling a home "as is" are you still required to use a disclosures statement? Thanks, ...
  A: Yes, you are always required to use a disclosure statement, even if the home is being sold "as is, ...
Pre-construction Condos2/28/2007
  Q: I am planning on purchasing a pre-construction condo to live in myself and hold for around 3-5 ...
  A: How wonderful to have first choice of any unit in the building! That is a true first phase ...
question11/13/2006
  Q: Can I buy a home with no money down
  A: There are definitely a number of different no money down loans in today's marketplace. Your lender ...
Real Estate Contract10/23/2006
  Q: We put our house on the market 3 months ago with a real estate agent. We have a 6 month contract ...
  A: You are absolutely within your rights to withdraw your listing at any time from the market. You do ...
Seller Liability10/17/2006
  Q: Diann We live in Pennsylvania. My wife and I are thinking of selling our house. A couple we know ...
  A: There is no Federal law that says a seller is liable for something that goes wrong up to one year ...

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