Tuesday, August 27, 2013
Las Vegas Becoming A Buyers Market
No, Las Vegas is not becoming a buyers market anytime in the immediate future. However, the market is certainly stabilizing. There are now nearly 6,000 single family homes available which is up about 50% in the past month. Multiple offers are still happening in various parts of the valley. Particularly the southwest and Henderson areas. Now, sellers are getting greedy. With more homes on the market, prices have stopped rising so quickly even falling slightly in a couple areas. The new thing I am seeing daily in working with home buyers is that the sellers are asking to waive the contingency on appraisal. I don't recommend doi9ng this unless you are able to pay the difference in cash. See homes in Las Vegas here.
Relocating to Las Vegas
Now that you have realized you are relocating to Las Vegas, where do you live. Unfortunately budgets sometimes dictate where we live but you still have choices. If you plan on purchasing a property, learn the area and be realistic with your expectations. Summerlin and Green Valley are very desirable area in the Las Vegas valley. If you intend to purchase a home in Summerlin or Green Valley plan on paying at least $150,000 for a condo and over $200,000 for a house. There are adjacent areas that are less but home prices have risen over 40% in the past year and the great bargains are simply nonexistent.
Foreclosures are still plentiful here in Las Vegas but with the recent price increases, banks have realized this is their chance to make some of their losses back. Foreclosures are now typically listed at top price and do usually need work. Inventory remains low, so just getting your offer accepted is a good deal even if it means you are paying top dollar.
Set your dreams of the mansion aside and think really where you want to live. What is important, being close to work, having great restaurants in the area or having easy access to the freeway? These are the things to think about and then make your decision where to live. Relocating to Las Vegas has never been easier with Mike Kruse as your Realtor / personal moving guide.
Foreclosures are still plentiful here in Las Vegas but with the recent price increases, banks have realized this is their chance to make some of their losses back. Foreclosures are now typically listed at top price and do usually need work. Inventory remains low, so just getting your offer accepted is a good deal even if it means you are paying top dollar.
Set your dreams of the mansion aside and think really where you want to live. What is important, being close to work, having great restaurants in the area or having easy access to the freeway? These are the things to think about and then make your decision where to live. Relocating to Las Vegas has never been easier with Mike Kruse as your Realtor / personal moving guide.
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