What is going on out there, are there still great deals
please advise thank you
Hi Rico.....Long time no E....Hoping all is well.
Yes there are still great deals in Las Vegas as there is a plethora of REO/Bank Owned properties that are selling at a great discount from the original sold price.
Las Vegas is still 1/2 the price of New York, California, and Hawaii...... and Las Vegas is still very much the cosmopolitan city that has everything to offer to any resident or tourist.
Rico, the market has shifted from a "Buyer's Market" to a "Competitive Buyer's Market."
With this I mean that yes there are great deals for sure, but a buyer needs to be prepared to compete for these great deals as it is very common place for a bank owned property to have multiple offers on it. I have seen as many as 14 offers within two days of a newly listed bank owned property.
Rico, if you have any questions, please let me know.....thanks and have a great day! Julia :)
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