Buy Vegas While the Crickets Are Chirping & Inventory is Gathering Dust!

By
Services for Real Estate Pros with Savvy Home Pix B.1000860.LLC

Well not quite, HOWEVER after what we have been through the last several years it kind of feels like it.  I am seeing stuff sit on the market a little longer without multiple offer situations.  Inventory is up around 2000 units since the tax credit contract deadline came and went (April 30) and June closes came in just a smidge above 4000.

If you were waiting to jump in the water to avoid those multiple offer horror stories, now may be the right time!

The water is warm, rates are low to get more buying power and prices are at 2000 levels!

Start your home search right now (NO REGISTRATION REQUIRED)!

Learn about the benefits of buyer representation (typically paid for by the sellers):  702-966-2494

 

Posted by

Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Topic:
Real Estate Market Trends
Location:
Nevada Clark County North Las Vegas Classic Homes
Groups:
Posts to Localism
Las Vegas Foreclosures - Homes, High-Rises-Condos
Las Vegas, NV Area Real Estate Professionals
Nevada/Las Vegas REO, Fourclosure, Short Sale Specialist
Out Of The Box!
Tags:
las vegas nv real estate
las vegas homes for sale
las vegas listings

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Rainmaker
638,544
Maria Morton
Platinum Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

The water is fine, Renee! Buying in Las Vegas would be sweet right now!

Jul 09, 2010 12:54 PM #1
Ambassador
2,370,778
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Renee and I like your title and is that you sliding into the pool? That's it you have VB convinced on taking a dive myself!

VB ;-)

Jul 09, 2010 01:15 PM #2
Rainmaker
186,280
Cameron Wilson
Labrum Real Estate - Murrieta, CA
The Short Guy - Murrieta,Temecula,Menifee Californ

Prices are down and interest rates are as well. When I bought my first home in 1978 the interest rate was 10% on a FHA loan.

Man I'm getting old!!!!!!!!!

Jul 09, 2010 02:15 PM #3
Rainmaker
355,183
Damon Gettier
Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert - Roanoke, VA
Broker/Owner ABRM, GRI, CDPE

If I had cash I would definitely buy something in Vegas.....sounds like a good idea to me!

Jul 09, 2010 03:21 PM #4
Rainmaker
1,967,525
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

Could there be a better time to buy? Opportunity surely is knocking

Jul 09, 2010 04:50 PM #5
Ambassador
2,759,162
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

The water is fine. Jump right in.. Wouldn't it be nice to have to deal with multiple offers again?

Jul 09, 2010 10:09 PM #6
Rainmaker
597,343
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

Your market is sooooo unlike reality elsewhere.  It is really strange.

Jul 09, 2010 10:44 PM #7
Rainmaker
507,232
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Today is always a great day to buy real estate. Buyers will never regret taking the plunge in this market.

Cal

Jul 09, 2010 11:59 PM #8
Rainer
149,247
Eva Erdmann
Lion International Inc. - Holiday, FL
interior decorator

Hi Renee,

I just love this picture in your post !

I want to buy a condo in Vegas,as soon as I get some cash I will let you know.

Greetings from Poland !

Zijuzijazijana

Jul 10, 2010 12:05 AM #9
Ambassador
703,921
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Nicely done Renee!  Here's to the market starting to sizzle again!

Jul 10, 2010 01:22 AM #10
Ambassador
1,513,387
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Cameron:  Yes I thought I thought 7% was outstanding when I bought my first, second and third (present) house!  IDK how much longer this can sustain but I have been saying that for a year now!

Robert: Yup that is me :)

Michael:  NONONO!!  No more multiple offers unless I it is my listing and THAT is a headache too!

Eva:  Hope all is well in Poland!

Lee & Pamela:  Sizzle is good as long as there is balance :)

Everyone else, thanks for the comments!

Jul 10, 2010 09:32 AM #11
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