It’s an exciting time in the Las Vegas Real Estate Market – DESPITE what you hear on the news. They would have you believe that it’s possible to swoop in and steal a property for up to 50% off of the list price. They’d have you believe that sellers are practically begging people to take their homes off their hands. They’d have you believe that banks would rather “dump” houses for pennies on the dollar than keep them on their books one more day. They’d have you believe that this is absolutely the worst time in Las Vegas Real Estate.
It’s time to take a step back and find out what’s really happening in Las Vegas.
If you’re an investor, the long and short of it is, yes, you can get a great deal in Las Vegas. Yes, if you have some cash, it’s time to buy an investment property – either to rent out or sell. No, you’re probably not going to be able to come in with $15,000 and buy a house that you can rehab and turn around and sell for a $20,000 profit BUT, you can come in and make some money.
If you’re a Homeowner who’s looking to up-size, down-size, or purchase your first home in Las Vegas, NOW is a great time to buy. You’ll have to get with your lender before going to look at houses so you know how much you can afford. After that you’re going to have to be ready if you see a house you like, to make an offer at a price that is at or above the list price – yes, even on foreclosures! You’re in the mix with investors who are paying cash now, if you want it and we tell you it’s a good deal, it’s not the time to try and haggle. About 58% of homes that are listed get sold within the first 30 days on the market – it’s time to make your move!
If you’re a seller who has equity – you’re golden. Houses are going fast for the list price and above. If you’ve got a decent house and it’s priced right, you could have multiple offers, including cash buyers, within days of your home going on the market. Again, 58% of the homes listed get sold within the first 30 days…PRICING IS KEY! 77% of Single Family Homes that are listed are SOLD. Compare that to one of the best year’s for Real Estate in Las Vegas (2005) where only 58% of homes listed were sold…It’s one of the best times to list your home!
If you’re one of the thousands of homeowners facing foreclosure, NOW is the time to get that house SOLD. Maybe you’ve just started to fall behind on your payments or maybe you’re not behind yet, but your hours at work were cut and you can see the late payments coming in the near future. It could be that you’re just tired and you’ve decided to head home to where you have family that can cheer you on, NOW is the time to get that houses SOLD. Banks really would rather have you try to sell your home before they have to take it back. More and more short-sales are being approved by lenders these days. Not only will it give you some peace of mind during the whole process, but it will put you back on track to be able to purchase another home sooner that if you “just let the bank have their dang house back”. Walking away really is never the answer – especially when a short-sale is an easy solution that someone else basically does all the work on.
All in all, there really hasn’t been a better time to buy or sell Real Estate in Las Vegas. Stick around, check out the website. If you see something you like, give me a call. If you have a question, give me a call. The point is, just call, because you really can’t afford not to make a move in this market!
www.buyvegashouses.com
buyvegashouses@gmail.com
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