Many things are changing in the housing market here in Las Vegas and the rest of the United States and we here in Las Vegas most of our market consists of short sales.
What I'm seeing is bidding wars going on with many short sales and people asking that their offer be a back up offer.
Some agents here in Las Vegas haven't experienced it yet, but they will soon. A short sale is priced at fair market value so why wouldn't there be bidding wars on fabulous homes. It's no different than before when we've been in bidding war situations.
Go short sales there are here to stay for a long time. We'll get through it.:0)
Penny OBrien with RE/MAX Experience
702.321.9383
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