Today I read an article posted on The Las Vegas Sun titled " Single Family Homes Catch Investors Eyes" Las Vegas Investors have been snatching up bargain properties left and right filing there Real Estate portfolio with NEW and resale cash flow properties. Las Vegas Investor purchased properties made up 37.4% of buyers in the Las Vegas Real Estate Market for the month of June 2009. Las Vegas Has not seen numbers like this since June 2004 with 39.4 percent of Investors in the Las Vegas Market and Feb 2006 where investors made up 37.6 percent of Las Vegas Home buyers in one month .
Investors are offering very aggressively on these properties and are out bidding other buyers in the market for Distressed Las Vegas Homes. Many properties are being put under contract within days of hitting the market. In many cases theses homes are getting multiple offers in on them and even selling for more then list price. In my opinion its still a Great time to buy and yes there are still many homes priced at a bargain here in Las Vegas. Here are a few tips for any one in the market Distressed Las Vegas Real Estate.
- Educate your self on current Las Vegas Real Estate Market conditions
- Remember list price does mean that the property will sale for this price always request to see comps before offering on the property and offer accordingly
- You are competing with aggressive buyers always put your best foot forward or you may find your self missing out on home after home
- Be Aware of unexpected closing cost (call me to find out more)
- Remember that having the right representation makes all the difference
To read this full article posted on lasVegasSun.com CLICK HERE
For access to the latest Las Vegas Real Estate Market update by zip code CLICK HERE
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If you or anyone you know is interested in purchasing a Las Vegas Home for an investment, second home, vacation home or first time home buyer call me for a free list of available properties, questions, comments or a free consultation.
Makea Turner REALTOR with Realty One Group (702) 542-1883
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