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The Private Lending Presentation Kit is an easy and affordable Done-For-You Template for real estate entrepreneurs to create your own stream of private lenders giving you cash and allowing you to do deals in these tough real estate times With the Las Vegas real estate market, the warmer the weather reduces the chances of home sales. This trend is often referred to as the “mid-summer” seasonal trend by those in the market, so what does this trend mean for house hunters in Las Vegas Nevada? According to statistics from Home Builders Research, a total of 1,872 new homes were sold in June this year. That may seem like a lot, but so far this year alone there has been over 10,395 homes sold. So what does all these numbers mean for home buyers? It means that summer time is the perfect time to start looking for your new Las Vegas home, as the market is saturated with both new and existing homes. The cost of new construction homes in Las Vegas has actually rose recently, but is still down 2.2% from last year. Those looking for an existing home may find a better deal, as the median price of an average existing Las Vegas home runs around $277,900 and has dropped 4.1% according to Sales Traq. That does mean home prices in some sectors of the market has went down slightly, but no-were near to what some market analysts and experts had predicted earlier in the year. Yet that still has not slowed some sales in certain niche markets. A high-rise condominium will still run around $500,000 with the more luxurious running higher in price, and with condos selling at such a high price its bound to help keep the real estate values high on new and existing condos and new and existing homes. While the market is fluctuates, there is still plenty of areas with lots of homes for sale that have been sitting on the market. Both Henderson and Green Valley existing homes have been dropping prices, some by 10% to attract potential buyers or investors. Although its hard to attract buyers to buy a home, when they feel the price they pay now might be reduced in a year or so. The down-turn in sales leaves a lot of home’s that are empty looking for potential owners, although the market may suffer a few bumps here and there Las Vegas real estate will always be in demand. With new construction condos keeping the market prices high, some believe that it will not be long before the market heats up as fall looms bringing investors and buyers out searching for new and existing homes. Continue reading Cold Weather = Warming Las Vegas Real Estate Market A real estate inspection can be defined as the organized inspection of a real estate property for the sole purpose of evaluating a property’s condition. Basically, the inspection tries to spot defects in the property. The percentage of buyers requesting a real estate inspection in Chicago has increased significantly over the past few years, because home buyers recognize that an inspection lowers the risk associated with a home purchase and leads to increased confidence in the decision to purchase a home. We believe the headlines are wrong about Las Vegas Real Estate. As a consumer or investor interested in Las Vegas Real Estate, we would recommend turning off that constant drumbeat of negative media about Las Vegas Real Estate. And, ignore the big picture deluge of negativity about a recession, housing market, subprime problems, the credit crunch and all things relating to our real estate industry and/or the broader economy. As much of it is inconsequential when you drill into the underlying strategy of when to buy Las Vegas Real Estate. Continue reading The Time to Buy Las Vegas Real Estate is Now Finding the right person to represent your interests in a real estate sale or purchase can be a trying exercise. With such a huge number of agents available in a city such as Chicago it can seem like the choices are endless and there is really no assurance of finding that person that works right with you as a customer. So what can be done to remedy this problem? Well, there are a number of things that you could do starting with doing a bit of legwork of your own. Take some time to go through the local real estate websites and find out who has a site that seems to work for you. Of course you will be looking for someone who specializes in your chosen area so an abundance of information on that given area is a great thing to look for. Continue reading Finding the Right Chicago Real Estate Agent There is no place like Las Vegas in the entire world, therefore people from all over the world come here on a daily basis. Vegas is the entertainment capital of the world – there’s no other place like it. Las Vegas is the Entertainment Capital of not only the US, but also the world. Over the last 5 years I have sold a lot of real estate in many different markets nationwide. In 2003 droves of investors came into the Las Vegas market and purchased single family homes and condos. In 2004 the scene repeated itself in the Phoenix market. In 2005 markets like Albuquerque and Austin had a large amount of investors snatch up new construction homes. In 2006 the Carolinas became hot and east coast investors invested very heavily in many markets in Florida. It’s no secret the local Las Vegas Real Estate market is going through some changes – but, it’s a much better picture than what the media is painting. Yes, our area is awash in approximately 13,000 foreclosed homes and prices will remain low until these distressed properties are sold. And this foreclosure inventory negatively impacts our local real estate market at all levels, including homeowners, renters, sellers and buyers alike. |
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