Las Vegas Area Real Estate Sold Terms

Las Vegas Area Sold Terms

Las Vegas Area Sold Terms

Cash is emerging as king in the Las Vegas Area Real Estate Market!!!  It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is enjoying!  It is important to understand how a seller looks at each financing type:

Cash Offers:  Generally have less contingencies and quicker close times.  A cash offer may be accepted even if it is lower than a financed offer.

Conventional Financing:  Less strict with lender required repairs but larger down payments and more strict credit guidelines.

FHA/VA Financing:  Requires more scrutiny with lender required repairs via appraisal.  In general these take longer to underwrite and close so a cash or conventional offer looks more enticing to the seller.  Requires the deed to be seasoned for several months so some flips bought at trustee's sales are generally out as options when competing with multiple offers!

Other:  Less common and creative financing types such as Lease Options, OWC (Owner Will Carry), etc.

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5 Comments on Las Vegas NV Area Sold Terms & Trends for May 2009: Cash is King!

JUN
30

Thanks for sharing your post this morning with us. I look forward to more from you. Have a great day!

8:03am • #2
267,907 Points Outside Blog

Renee, I have a few buyers myself who are seriously looking and will be all cash deals. Great charts maybe a post on how to with the charts. The colors really bring it out stats.

8:19am • #3
530,124 Points 13 Featured Posts Outside Blog

Now I like those charts!

they really catch your eye

your friend in Charlottesville Virginia!

2:31pm • #4
498,488 Points 52 Featured Posts Localism Sponsor Outside Blog

For all of you who like my charts and graphs you can go to this MO post for a tutorial!

Harry:  Thanks for stopping by!

Eric:  You have a great day too!

Frank:  I like cash = no drama

Charles:  Why thank you!

7:23pm • #5

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Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR

Las Vegas, NV

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Address: 7465 W Lake Mead # 100, Las Vegas, NV, 89128

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