Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.

Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)

Condo financing is currently a challenge in the Las Vegas Area. Lenders want to see low investor concentration, low HOA deliquencies and no construction defect or other litigation against HOA or community. To determine if a condo is eligible for financing, a condo certification may be ordered from the HOA (this does cost money) and have it run by an underwriter.

Whether you are all cash or a financed buyer, you can search Las Vegas Area (Henderson & North Las Vegas too) homes right here for free and no obligation!

View other REO Stats for the Las Vegas Valley!

Last Month's Las Vegas Area REO Financing Profile Report

Learn More About Buying Las Vegas REO

What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?

General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?) It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.

View More FAQ About My Las Vegas Area Real Estate Market Reports.

Yes, the real estate market is down. But the very best properties -- with the best locations and views -- in internationally desirable markets continue to sell. This is one of those properties -- 1500 MacDonald Ranch Drive in the MacDonald Highlands community of Las Vegas.

To view a slideshow of over 50+ professional photographs, click here.

Las Vegas is a lively international destination, recognized around the world as a center for a dynamic mix of business and entertainment. High level executives or business moguls desiring an exclusive residence for their visits to Las Vegas need not look further. The elevation chosen for the site of this stunning Asian-fusion contemporary estate along with the extensive use of glass in its design offer spectacular, unobstructed views of the entire Las Vegas Valley, day or night. The clean, uncluttered elegance of this custom designed, private "resort" will tempt you to make a bid.

Entertain your Guests and Clients in Style
For those special people you wish to provide a truly memorable experience during their visit to Vegas, this MacDonald Highlands home comes completely furnished. Everything featured in the images showcasing this estate's interior is included, making it an immediate destination for your guests. All they need to bring is a tooth brush.

Your guests will also appreciate the well thought out design of the interior and furnishings. The use of natural materials such as water, stone and wood in conjunction with cool, muted colors to moderate the arid desert climate were implemented to create the Asian fusion concept throughout. The clever blending of the rougher textures of natural materials with contemporary highly reflective surfaces such as polished granite, stainless steel and glass help to create the interior design as well. In addition, all showers use glass tile with colored accents to match the theme of the en suite guest rooms. Your guests will relish the different themed guest rooms to choose from upon each visit.

Aside from the exquisitely designed furnishings and interior, your clients and guests will find pleasure and comfort in the several amenities available. Some highlights include:

• Glass, 8-foot long double-sided "in wall" fireplace between the formal entry foyer and the dining room.
• Pergola-covered private outdoor sitting area accessible from the private office and the guest casita.
• A theater which seats 15 with full granite-topped service bar at rear including fridge with ice maker, sink, and wine chiller.
• Game room featuring a full bar, Vinotek, and tournament sized Brunswick table. Multiple flat screen televisions -- one large and three smaller screens for viewing on three walls
• Indoor and outdoor water features including sleek and breathtaking swimming pool.
• Endless exotic wood built-ins, pro-grade appliances and state-of-the-art A/V throughout.

Rejuvenate your Spirit and Business
The serene and beautiful design of this estate, along with its ready-to-go amenities will enable you to immediately focus all your energy and time on your personal or business needs for each stay. The upper level of this "palace" is accessible off the street, yet the site is secluded and private, keeping the excitement of the Las Vegas Strip in your eyes' reach with your breathtaking views, but maintaining the reserve you will need to truly unwind and conduct business. The lower level of is down the mountainside, accentuating the secluded location of this property.

The Master Bedroom offers all the luxuries your spirit desires: exterior glass walls which retract for easy access to the outdoor deck with gas firepit and television built into a stone column just outside the master suite, and a master bath which includes radiant heat coils in the floor and shower areas for soothing comfort.

The Kitchen is fully equipped for you to use or for your staff to employ, with stainless steel professional grade Viking ovens and convection cooktop, twin SubZero refrigerators, Miele dishwashers, washer/dryer sets and a coffee center. The kitchen also features a suspended wood ceiling "grid," a large island with bar seating, and a unique corner unit backlit and custom built with Japanese rice paper embedded in glass.

Because materials and colors prevalent in Asian-inspired design so closely reflect nature, they are generally felt to be as comfortable and calming to live with as they are pleasing to the eye. The feeling of serene and pleasing calm that radiates throughout this amazing estate is waiting for a deserving owner who can bring it to life.

This home is offered at $7,000,000. For more information or to schedule a private showing, please contact Aaron Wheeler of Oakville Properties at +1 (702) 430-1920 or Michael Hutchings of Meridias Realty Group at +1 (702) 418-2523.

 What would you like to purchase in the Entertainment Capital of the World?

 I just invited Michael Yagi one of my preferred lenders to Active Rain yesterday and he can set you up with any type of loan your interested in.

 Convertional, FHA, Non Convetional, Construction and Commercial.

 Here is Michael's first posted blog to any network and I would like everyone to welcome Michael to Active Rain. Below his blog I have left his contact numbers if anyone is interested in getting financed to purchase in the Entertainment Capital of the World - Las Vegas - Nevada

Hi my name is Michael Yagi and I just joined Active Rain, this is my first blog

Hi there-

My good friend Robert Swetz invited me to join you guys.  I'm excited to be a part of your group and look forward to creating new business relationships. 

Just to tell you a little bit about myself, I am originally from the Bay Area and ended up down in Southern California to attend CSULB where I graduated with a BS in Finance in 1993.  I stayed down there until 2000 and then moved out here to Las Vegas. 

I thought I was going to become a stock broker after I graduated from Long Beach but I happened to interview with a mortgage company and landed a job as a loan officer!  If you remember we were in the middle of a recession in the 1990's and no one had any equity in their homes (sound familiar?) so I ended up leaving the industry for 8 years and came back to it when I moved out to Las Vegas. 

I was with Greystone Financial for minute and then I moved to Prime Cap Financial (where I met my wife) and now I am with Trusted Home Lending.  We are doing some fantastic things here and have a wonderful home searching tool called the Home Buyers Scouting Report.  It's a free service we offer to all of our clients and business partners.  As a realtor, if you haven't seen it, please call us and we will set up a time for you to take a look at it.  We've had the service for about 7 months now and are closing 2-3 extra deals on top of our normal business.    In this market, I don't know who couldn't use some more business? 

Looking forward to hearing from you guys!  Take care and God Bless.

Michael

 Michael Yagi
Senior Loan Consultant
Trusted Home Lending
Direct: 702-806-7022
Office: 702-818-1250
Fax: 702-818-1289
michaely@trustedhl.com 
  

  777S INC Consulting Firm
  PO BOX 26443
  LAS VEGAS, NEVADA 89126

  Robert Swetz       702.443.7156

  http://activerain.com/swetz777

  http://BestPicz.ning.com

  www.VegasBuildingsForSale.com
  www.new-commercial-properties.com
  www.LakeOwner.com
  www.SearchMyPics.com  
          (coming soon)
  www.CustomAsianJewelry.com      
          (coming soon)
 

Mitchell Bobrow a Las Vegas Real Estate agent just completed the most impressive custom home in Macdonald Highlands. Bobrow teamed up with Signature architect Rick Ryniak to build the most unique custom home in the Vegas Valley. The style of the Bobrow Residence appropriately named "Enter the Dragon" is a unique blend of Pacific-Asian forms with a flavor of Mediterranean detailing. Ryniak "bends" these shapes and forms in a way that are responsive to the site and maximizes the views in multiple directions from every room.  This also creates a home that wraps itself, creating unexpected private alcoves and view corridors. These "in-and-outs" of form result in exciting and unexpected roof shapes that become sculptural yet integral with the overall design. The home features two Master bedrooms that open to the Las Vegas strip, three guest bedrooms, caretakers quarters, caterers kitchen, wine cellar, cigar lounge, guest house and a 14 car garage. All the bells and whistles such as a state of the art digital theater room, whole house sound with over 100 speakers, 17 cameras that can be viewed from the internet, Asian meditation garden, commercial gym with message room and salon. The swimming pool has a hidden lap lane and a natural rock grotto spa for 18 guests. Ryniak has done homes for Kelsey Grammer, Carlos Santana and Jim Furyk to name a few. The 20,000 square foot estate is on the most exclusive street in Las Vegas at the famous DragonRidge Golf course. A home recently sold for $1000 a foot just two doors away. Bobrow plans on starting two more extreme custom homes within the next 90 days. Mitchell Bobrow is currently opening offices to consult others building high end custom homes. This will be Bobrow's private residence.

The guard-gated MacDonald Highlands, spreads over 1,200 acres, in Henderson just south of the I-215. The community web site claims it to be, "Southern Nevada's first true hillside community." It is built on the hills at the southern end of the Las Vegas Valley.

It features an 18-hole championship golf course, clubhouse, swimming pool, great dining, and an exercise facility. Residents enjoy the presence of the stunning DragonRidge Country Club, part of Desert Willow Golf Course.

More than 10 acres of community parks along with hiking trails are thoughtfully placed throughout the neighborhoods. Great homes placed upon the rolling hills of the McCollough Mountains offer great views and lifestyles...read on about MacDonald Highlands...