So with the economy becoming so unpredictable what are Las Vegan's to do? I will share with you what we are experiencing. I do realize that many parts of the United States have been hit hard with all kinds of problems starting with job losses and many other economical hardships.
Here's a little story about Las Vegas, in 1999 the average price per sq. ft. for a home was around $75 a sq. ft. Now depending on what part of the valley we're talking about the sq. ft is less than that. There are some properties out there that in 05 sold for 250K and are now selling for $40k. It's just amazing or scary depending on however you look at it.
Short sales are becomiing more popular as time goes by because buyers are seeing the value of them and are willing to wait a little longer for the process to go through.
First time home buyers are really benefiting from our distressed times here in Las Vegas, There are a number of wonderful loan programs out there for first time home buyers along with many tax benefits. To see if you qualify to be a first time home buyer give me a call and I'll see if we can make it happen for you.
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