How exciting that we get to have more auctions on the way when the December auctions did a great job stimilating interest in our real estate market, specifically REO (bank owned) listings.

My leads have switched from rental leads to buyer contacts overnight.  Price corrections mean that renters, who have the income and credit to qualify using FHA or VA loans, can buy for at or almost the same price of renting.  Investors can experience positive cash flow.

Back to the auctions.................

280 Properties

Homes Open for Inspection:

  • 3/8/2008 10 am-5 pm
  • 3/15/2008 10 am-5 pm
  • 3/16/2008 10 am-5 pm

Auction #1: Saturday March 22, 2008 Cashman Center.  Registration 8 am, auction begins promptly at 9:30 am.

Auction #2:  Monday March 24, 2008 Plaza Hotel.  Registration 5:30 pm, auction begins promptly at 7 pm.

If you need buyer representation or have questions, please call or contact me.

 

 

9 Comments on Las Vegas, NV: The Auctions Are Coming, The Auctions Are Coming!!

Its a positive point that you are able to switch these renter leads into potential buyers. And yes! the opportunities are here. When an agent can show that a renter can purchase this lovely home instead of paying rent you are going the right direction...great post.

03/03/2008 10:26 PM by LLoyd Nichols~SW Florida Homes (Right Choice Realty LLC)

Love to hear what deals sold & what was unsold.  Stats would be interesting.  Hav efun at the auction.

03/04/2008 01:49 AM by June Stark-Las Vegas Condos High Rise Expert (Elite Realty-Luxury Properties On & Off the Strip)

Gotta love the auction for the excitement and interest they bring to homes that are not getting noticed. 

03/06/2008 10:49 PM by Jason Smith Iowa Hunting Properties and Farm Land (Whitetail Trophy Properties)

Renee....  sounds like your neck of the woods has been doing very good in 2008... sounds like it's been great for you also.  And hope the new company has been great also.

 

jeff belonger

03/07/2008 12:00 AM by Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages -- Mortgages (Infinity Home Mortgage Company, Inc)

I've noticed several auctions lately here in this area. That's something we used to never see unless it was a estate sale. (trust)

03/07/2008 12:53 AM by Danny Smith (DISCOVER TEXAS HOMES)

Lloyd:  Why thank you :)

June:  Tomorrow is the first of three opens.  My buyer's agent is setting all three opens so I will give an update!

Jason:  EXACTLY!

Jeff:  I love the opportunities my brokerage presents.  My brokers have 11 listings and we have the opportunities for sitting the opens and talking to the potential buyers!

Danny:  We had the largest auctions starting in August.  This will put our already moving market on steroids

03/07/2008 07:42 AM by Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)

I hope these auctions put a dent into your excess inventory.  Congratulations on being able to capture those buyers!

03/07/2008 07:45 AM by Diane Bell, Hilton Head Real Estate, Bluffton (Charter 1 Real Estate, Hilton Head, Bluffton, SC)

Diane:  Thanks for stopping by.  I don't know how much more of a dent we can withstand in our REO inventory :wink:

03/08/2008 09:33 AM by Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)

A1 Realty.Com Owner Luke Rummell  Oak Creek Colorado And Steam Boat Buyers Broker Luke Rummell

                                     119 West Williams Street Oak Creek,Colorado 80467  970-736-2573

03/19/2008 03:30 PM by A1 Realty.Com

This blog does not allow anonymous comments
 
Real Estate Agent: Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)
Renee Burrows - Las Vegas NV Real Estate
Las Vegas, NV
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Nevada Realty Solutions

Office Phone: (702) 966-2494 Ext.: 0
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Page copy protected against web site content infringement by CopyscapeSpecializing in those forgotten "at" Rhodes Ranch Communities in Southwest Las Vegas that offer peek-a-boo views of the mountains and city lights! I love to watch trends and statistics in this fascinating market! I do have a newsletter that you can subscribe to - so if you want to keep in tune with the Las Vegas Real Estate Market Conditions on a monthly basis, sign up with absolutely no obligation!
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