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real estate las vegas: REO Challenges & tips for writing accepted offers - 07/11/08 12:49 AM
There are tons of REO properties in the Las Vegas market and more each day.  Wanted to address some of the things I've experienced.
Seller's Pricing Strategy
List price is an "invitation" to make an offer Make sure to do buyer CMA on solds only Example if the home is worth $200k seller is putting property on the market for $185k This generates a "buzz" and in most cases a multiple offer situation Therefore the property sells at $220k However there have been numerous cases of appraisal issues, so watch out Resale Package
Some REO sellers are requiring the buyer pay … (5 comments)

real estate las vegas: Getting your offers accepted on REO's - 07/11/08 12:26 AM
I attended an extremely valuable class today and took extensive notes that I wanted to share.  I will also speak about the local Las Vegas market, as that is the market that I am familiar with.  I know that it has been challenging getting an offer accepted on the REO listings here in Las Vegas.  They are priced on the MLS lower than what the bank will accept to generate a buzz and then we are ending up in a multiple offer situation nearly every time.  Great news is there are buyers and banks that want to sell.  However the challenge … (3 comments)

 
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Christin Griffin, Short Sale Queen

Las Vegas, NV

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Realty ONE Group

Address: 2831 St Rose Parkway , Ste 100, Henderson, NV, 89052

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