Do you think the new condos at MGM CityCenter will trump Trump Tower Las Vegas? After taking this Virtual Tour - I am not at all sure - so to my viewers - you decide and let me know your thoughts!

TAKE the TRUMP LAS VEGAS VIRTUAL TOUR

We have access to some very attractive inventory at TRUMP TOWER LAS VEGAS.

Penthouses - studios - one bedrooms - all fully furnished!

CASH OFFERS ONLY PLEASE!

We have the connections to help you take advantage of the Las Vegas high rise markets deals and bargains!

CONTACT THE STARK TEAM at 702 376-5220

www.LasVegasCondoExpert.com

www.LasVegasCondoBargains.com

www.LasVegasForeclosureWorld.com

MGM CityCenter has been devalued to less than its construction costs.  CLICK TO READ

With lending so tight and pricing at $700 psf for regular condos   - non penthouse units - will buyers close escrow? Will CityCenter need to do further price reductions or buyers forfeit their deposits and re-look at the project later or others?  Time will tell.

What is HOT? MGM SIGNATURE HOTEL-CONDOS at $150k + for studios!  Is this realtor "puffery".  I don't think so.  Send me an e-mail  & i will send you a list of all the recent closings at the Signature at MGM Grand and the sales velocity will speak for itself as well as the over list price closing stats in some instances.

Visit THE STARK TEAM on the web:

www.junestark.com

www.LasVegasForeclosureWorld.com

www.LasVegasCondoExperts.com

www.LasVegasCondoBargains.com

It's about time that the pre-construction buyers of the Cosmopolitan Resort Las Vegas WEST TOWER received news that their lawsuit was winding down:  CLICK TO READ

The photo below was taken a year ago, when Lauren & I had the opportunity to go up into the Beach Club Tower while it was under construction.  The views are some of the nicest from any Las Vegas Strip high rise.  Lauren just called me a few hours ago, to tell me how stunning these Cosmopolitan Towers are looking and how amazing the strip has transformed with MGM CityCenter and the COSMO gracing the Harmon Corridor.

I expect the Cosmopolitan lawsuit settlement of the west tower units is a win win situation for all parties concerned.  I also expect the east tower will follow suit as a precedent has been set. I imagine that if Deutsche bank needs a buyer to operate these hotels - that buyer will not want to share revenues with condo owners.

I also imagine some preconstruction buyers will want to hang onto their units because the views are really priceless.  Time will tell.

Looking for a Las Vegas condo foreclosure at the MGM Signature or a Trump Tower condo deal? 

We have the connections to get you some really well priced units at both of the above Las Vegas Hotel-Condos. Cash buyers only at this time. There is no condotel financing available.

Contact The Stark Team.

702-376-5220

It is old news that MGM CityCenter is reducing prices 30% in an effort to convert contract holders into actual sales and perhaps sell some previously unsold inventory. At upwards of $700 psf they have a real challenge on their hands. It is always easier to sell the tangible and I expect that Mandarin Oriental condos will be some of Vegas' finest & priciest high rise condos. Buyers soon will be able to walk through these true trophy properties and I think these will be the creme de la creme in Las Vegas real estate on the strip. 

Always an outside of the box thinker, I was wondering if The Donald will follow suit and try to take the wind out of MGM's Sails with some aggressive pricing on the unsold inventory in Trump Tower Las Vegas. Last week, a colleague of mine reduced the prices of her Trump Las Vegas 1 bedrooms and studio listings and is marketing them as short sales. Here is a presentation of one of them:

 CLICK TO VIEW TRUMP TOWER 1 BEDROOM SHORT SALE

Real estate is Trump's game and as he sees the beginnings of the price cracks in the Trump pricing floor, as evidenced by the short sale listings that are new to market, my guess is that he will be quick to go with the flow and capture some of the bargain seeker vulture buyer's dollars  - because that  is the mentality of all buyers in Las Vegas real estate 2009. Needless to say the timing is right to strike when interest in Las Vegas real estate is peaking with buyers galore sifting thru the foreclosure listings and gobbling them up in an unprecedented buying frenzy. We are selling MGM Signature hotel condos at $150k - $300k rather quickly as the foreclosures come on the market and sell in a week's time when the price is right. Will Trump take the lead?

Trump Las Vegas is an elegant building with an on site rental program.  The income from these rentals will offset part of the carrying costs but in today's economy, the units in the rental program are by no means money makers. But for those wanting and easy care condo in a fantastic location in an elegant building, these condos may fit the bill.

Trump Las Vegas has a great gym and spa, and pool area, and a location that is very convenient for walking to WYNN, Encore, The Palazzo, Fashion Show Mall, and even MGM CityCenter. The building is elegant.  It is non gaming and non smoking. HOA dues on the studio units of 520 sq. ft approximately, are about $370 per month and on the One Bedrooms they are about $730 per month.

THE STARK TEAM is well connected to TRUMP.  I was featured on their promotional video for preconstruction sales and Lauren was featured on HGTV's What You Get For Your Money, showing Trump's studios.

Contact Us is you are thinking about getting a TRUMP Las Vegas Condo Hotel and we will do our best to work with the Trump Organization to get you aggressive pricing. At this time, purchases must be all cash only. We have access to some interesting options that may be worth looking into if you are seeking a Las Vegas Condo Hotel.

Visit us at:

www.LasVegasCondoExperts.com

www.LasVegasCondoBargains.com

And for the Myriad of Bottom Feeders out there:

www.LasVegasForeclosureWorld.com

My bet is that The Donald Gets it!

Call 702 376-5220

I couldn't have said it better - Please read this article to have a better understanding of the current state of the Las Vegas Foreclosure market. Check out this link:   Foreclosure Bubble in Las Vegas Real Estate

Each time I get a potential buyer call, I need to have "THE CHAT".  "The CHAT" details just what the realtor in the link above told her friend.  We have such thin inventory that well priced repos are flying off the shelf so to speak and multiple offers over list price are common.  We have to write several offers for each buyer before we can obtain a property.  Cash buyers are plentiful seeking tangible assets in the day of the declining dollar.

Want verification of the state of the Las Vegas Foreclosure market.  CNN News should just visit our site to determine what is the truth and what is "realtor puffery" - and "puffery" is unethical and I find CCN's hinting of "puffery" offensive:

 Visit www.LasVegasForeclosureWorld.com

and check the status of the listings.  Those which are "contingent" or "pending" are under contract.  The status must be "AVAILABLE" and by the time buyers come into view these properties they are SOLD. Crazy? Yes. But Las Vegas real estate agents can't complain.  We are as busy as we were during the 2005 Vegas Real Estate Rush. And there has been no press written about how desirable Las vegas real estate really is and how many people keep coming to our beautiful desert city to retire, vacation, and enjoy the fantastic weather we are enjoying. I have lived here since 1972 and our city always bounces back, and Henderson and Las Vegas  and Boulder City are great places to live.

Looking for a Las Vegas Condo Bargain or Strip area High Rise Condo Foreclosure?

CONTACT THE STARK TEAM

Lake Las Vegas Real Estate interest you?  Since the masterplan is in bankruptcy - we have 20 cents on the dollar deals here.

And don't forget the new homes where national home builders are looking to boost their year end numbers and you can get a brand spanking new home with all the bells and whistles buyers are seeking at foreclosure prices. THE STARK TEAM has over 40 years combined Las Vegas Real Estate experience. 

We look forward to hearing from you soon. E-Mail Us.

The Stark Team has established a new website to enable our clients to keep track of all Las Vegas Foreclosures listed in the GLVAR MLS. Clients can use the latest search technology to register on www.LasVegasForeclosureWorld.com and explore all type of REO listings in Clark County from Las Vegas to Henderson NV.

Due to the strong buyer demand for Las Vegas condo foreclosures, we have established www.LasVegasCondoBargains.com  as well. My background as a computer programmer - back in the day of the main frame,  has helped me develop user friendly interfaces for all our websites. Please e-mail me any feedback for links for any REO properties in Las Vegas that you would like to see as specialized tabs on our website.

We are excited to welcome our two new team Members, Helen Michel and Lance Bazil.

Helen has years of experience in luxury high rise condos on the strip as country club communities in Summerlin and Spanish Trail. 

Lance was the former Director of Sales at Allure Las Vegas and was the top sales person at Amber Ridge condos in Summerlin, where he resides.

Contact us todayfor all your Las Vegas real estate needs from strip area high rise condo foreclosure to MGM CityCenter Condos to REO bank owned homes in Summerlin and Anthem.

702 376-5220

With MGM CITYCENTER's announcement this past Monday of a 30% price cut, to incentivize pre-construction buyers to close escrow, came the analogy by  MGM/Mirage execs that this reduction would keep prices in line with those of TRUMP and Palms Place. To date, prices have held up quite well in both these hotel-condos. Today's MLS has a surprise. There are several SHORT SALES at TRUMP LAS VEGAS priced between $150k-$325k. 

CLICK TO VIEW THESE TRUMP TOWER SHORT SALES

VIEW OTHER LISTINGS IN TRUMP CONDOS LAS VEGAS

Short sales are a long shot in today's market. Nevada is a state in which the bank can seek a deficiency judgment against the seller and many are not amenable to letting sellers walk from their obligations because their investments didn't go as planned.  However, sometimes a bank does not want the inventory back on its books and the seller is willing to come to the table with part of the deficiency, and in a perfect world, the buyer gets a steal of a deal. 

The TRUMP LAS VEGAS units listed in the link above, are short sales that previously sold for $600k to over a million.  Cash only is acceptable on these units as there is no condo-hotel financing available. And the on site rental program is not a money maker for the owners by any means.  But for those wanting a stunning pied-a-tierre in a great high rise condo right off the strip - where you can walk to just about everything - These condos become extremely attractive at this price point.

Looking for a great deal on a condo on & near the Vegas Strip? Use our Las Vegas Condo oriented websites as your reasearch tools:

www.LasVegasLuxuryHomes.com

www.LasVegasForeclosureWorld.com

www.LasVegasCondoExperts.com

www.LasVegasHirisecondos.com

www.LasVegasCondoBargains.com

Keep track of the condos that are of interest and E-MAIL US:

junestark@msn.com

We look forward to hearing from you soon.

MGM/Mirage announced a few hours ago that it would be "slashing" prices by 30%.

Green Living! On Site Shopping Galore! A city within the city of Las Vegas! Futuristic! Inviting! Will the buyers say Deal or No Deal? Email us your thoughts: junestark@msn.com  

CLICK TO READ THE NEWS

Vdara Buyers will be offered a chance to move their deposits into VEER - and perhaps financing will be able to be obtained on the residential loft style units on the Las Vegas Strip. That would be a welcome harbinger of things to come. Las Vegas Strip condo financing - what a unique concept in the high rise condo market of 2009!!

We have Panorama Towers 1 & 2 in contruction defect litigation - which makes the previously loanable condo units non loanable.  Then there are the stunning Turnberry MGM Signature hotel condos that are being gobbled up by cash buyers at an oh so frenzied pace. With multiple offers on each unit - would be buyers enter a Vegas condo game of "Highest and Best" with the bank - Want to play? - CONTACT THE STARK TEAM - We have connections with the leading REO agents to get our buyers units at a fraction of the cost of MGM CityCenter Condos. 

Does $700 psf sound like a deal to you? Granted the location is wonderful - but 1 block east - in a less dense site - and guard gated as well - SIGNATURE condo buyers are getting lavishly appointed 1 bedroom condos at under $300k - placing the price per sq. ft. in the $300 range - Half the price of CityCenter.

Consider Panorama Tower III - Just foreclosed upon by its construction lender - We can help you acquire a condo there at under $400 psf with appointments and finishes just amazing.  The cool thing about these luxury condos are the bedazzling strip views - walls of glass  - low HOA dues - It's just across the freeway from CityCenter. We have just sold a few of the most stunning condos at this tower at amazing prices for such high quality and design. Click the tour link below and see for yourself!

Take the Tour of Panorama Tower North

Before you consider which condo suits your fancy, give us a call to discuss the issues and financing or lack thereof in each tower. Navigating the ins and outs of bank owned inventory - developer "deals" - short sales - building rules and regulations is a specialty niche. We will supply you with all the stats and facts that you need to enable you to make a sound decision.

Visit Us At:

www.LasVegasCondoBargains.com

www.LasVegasForeclosureWorld.com

www.LasVegasCondoExperts.com

702 236-8364

These days Las Vegas real estate is buzzing with people scouring the market for foreclosures. Whether it be a single family bank owned home, a luxury high rise condo on the strip, or a hotel-condo.  In an effort to simplify searching these REO properties for our clientele base, we have developed a cutting edge website:

www.LasVegasForeclosureWorld.com

If you are looking for up-to-date foreclosure listings in Las Vegas or Henderson you will find this newly developed site invaluable!  Please visit often - and keep an eye on the listings STATUS - If it says PENDING or CONTINGENT - the property is no longer available.

See something interesting?  Keep track of the MLS # and give us a call.  We are an experienced team and know the ins and outs of Buyer Representtion for all bank owned properties in Las Vegas.

www.LasVegasLuxuryHomes.com

www.LasVegasCondoExperts.com

www.LasVegasCondoBargains.com

702 376-5220

MGM CityCenter is getting ready to close its hotel-condo units at V'Dara (hmmm!) and its residential units at VEER and Mandarin Oriental.  This recent article in the Las Vegas Sun is well written and comprehensive.

Read CITYCENTER NEWS HERE

V'Dara will be hard pressed to compete with the guard gated MGM Signature Residences just one block east as foreclosed condos are selling for over list price in many cases as buyers vie to gain a great fully furnished pad at a quarter of the asking price for a similar sized unit at V'Dara.  The article above states that V'Dara may be sold to a boutique hotel chain as its buyers have the option to get financing in VEER.  This makes sense to me.

VEER - on the other hand has little competition with its Las Vegas Blvd.  address - except for SKY LAS VEGAS - the only other residential high rise condo located directly on the strip.

With price reductions - VEER condos could be a winner - the location is unique.

But the new condos at Panorama Tower III are the most stunning of all!!

And the expansive views are BREATHTAKING

TAKE THE TOUR OF PANORAMA III - Call June for Special Pricing 702 376-5220

CONTACT THE STARK TEAM for CITYCENTER info

CLICK HERE FOR LAS VEGAS CONDO  AT MGM SIGNATURE

www.LasVegasForeclosureWorld.com

www.LasVegasCondoBargains.com

702 232-5376

702 376-5220