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.
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!
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 ........
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.