Latest News from the Real Estate Fairy (Please read)

By
Real Estate Agent with Realty ONE Group 65491

photograph by Robert Swetz

 I ran into the Real Estate Fairy again and she had some great news to tell me about the market and if it's still a great time to buy!

 Most of the inventory on homes for sale in Las Vegas is gone, one of the biggest reasons!

 The Banks are holding back on foreclosed homes to keep the market from being flooded with homes, the reason for it. If the market is flooded with homes then the prices will come down and the Banks will make less money.

photograph by Robert Swetz

 The Real Estate Fairies advice is wait! Why would you or you clients want to get into bidding wars on homes that are not worth what your paying for them? There are (Hundreds of Thousands) of homes that home owners haven't made a payment in almost two years, and these home haven't even hit the market.

 This fall there will be thousands of great deals on REOs from Banks that they have been sitting on.

 The Real Estate Fairy mentioned to me not to tell anyone this information and it was for me, my family and (FRIENDS)!

 She mentioned to me, "Don't be a FOOL and pay more than what the home is worth" because the Banks need more money!

 photograph by Robert Swetz

 I really like when the Real Estate Fairy comes around to visit me and if you would like to read more information from her click on ........

 The Real Estate Fairy I captured thinking about the Real Estate Market

 Post and photographs by Robert Swetz (Vegas Bob) Please don't copy my photos with out my permission, you might be fined for copyright infringement.

www.VegasBuildingForSale.com

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Posted by

Robert "Vegas Bob" Swetz  

Direct: 702.443.7156      

If you are interested in Investment Properties in Las Vegas and the State of Nevada I can help you with all your needs.

Las Vegas continues to be a very fast growing city with some great opportunities for employment, retirement and much more. Las Vegas is surrounded by many other places & cities of interest like Lake Mead, Salt Lake City, Zion National Park, Arches National Park, Grand Canyon, Los Angeles, Laguna Beach, Huntington Beach, Monterey Bay, Carmel, San Francisco, Newport Beach, San Diego, Reno, Phoenix, Yosemite National Park, Lake Tahoe and more.

"Have a Wonderful Day"

VIDEOS BY VEGAS BOB

Robert (Vegas Bob) Swetz

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Ambassador
1,836,043
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Robert, this dribbling out of the inventory by the bank owned properties doesn't make sense to me but in this fairy tale I guess anything is possible depending how they write the story.

May 31, 2009 05:22 AM #1
Rainmaker
1,076,844
Greg Nino
RE/MAX Compass, formerly RE/MAX WHP - Houston, TX
Houston, Texas

Vegas Bob - that's interesting perspective about the banks holding back for more money... i'm not surprised one bit!

May 31, 2009 05:24 AM #2
Rainmaker
225,264
Mark Watterson
Salt Lake City, UT
Utah Real Estate

I believe they are hanging onto inventory in many different areas of the country.  I don't have any data to proof it.  So I guess we will see what the future holds.

May 31, 2009 05:35 AM #3
Rainmaker
782,968
Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677

Hi Bob,

Northeast Tennessee is still getting plenty of foreclosed properties.  Great time to buy here.

May 31, 2009 05:35 AM #4
Rainmaker
634,347
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty
Leolinda Realty - Surprise, AZ
Sun City Grand in Surprise Arizona

Robert, I really thought I was dreaming when my fairy told me that the same may be happening here too. 

May 31, 2009 05:37 AM #5
Ambassador
2,143,271
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Everyone - The reason the inventory was bought up in Las Vegas is because Investors, the State of Nevada, Politician's and First home buyers were hitting Vegas Hard!

May 31, 2009 05:42 AM #6
Rainmaker
223,173
Brian Brumpton
Keller Williams Boise - Boise, ID
Boise Idaho Real Estate

Bob,

Realty Trac did an article on this a few weeks back and they stated something to the tune of 700,000 REO's that are not currently on the market.

May 31, 2009 05:47 AM #7
Ambassador
2,143,271
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Brian - That is great information!

May 31, 2009 06:08 AM #8
Ambassador
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Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

  I would like to thank every one for their comments and your comments are very important to me. If for any reason you ask me a question in your comment and I do not come back with a reply to your comment please send me a email.

  I write about so many different things and post so many photographs that I lose track. It's very important to me to interact with Activerain Members when they are commenting on my posts!

 Once again thanks for your comments and "Have a wonderful day"

               www.VegasBuildingsForSale.com

Sep 09, 2009 01:51 PM #9
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Robert Vegas Bob Swetz

Las Vegas Henderson Homes for Sale
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