The number one rule in purchasing a Las Vegas Pool Home for Sale is to know your market and how much leverage you have with your purchase! Is your scenario workable? What is your financing? What are the chances of purchasing a Las Vegas Pool Home with your type of financing?
I took a look at SOLD statistics for the last year and it is all very clear to me and telling. Cash is king. Duh.
On the surface it appears that cash doesn’t dominate the Las Vegas Pool Home market all THAT much! When you break it down by Transaction TYPES of Las Vegas Pool Homes sold & financing types it tells a different story:
As you can see, in the REO sector almost 50% of those homes are going to the all cash purchasers.
So if you are a financed buyer who wants a Las Vegas home for sale with pool what are you going to do to buy that dream home? Obviously it will be a little more difficult to swim in that REO (bank owned) sector without drowning. Many buyers also cringe at purchasing a short sale (if they know what a short sale is!)
Obviously standard sales are the least crowded sale types for a financed buyer to swim in. Unfortunately a nice standard sale that is not overpriced is a little difficult to find. The next best alternative will be a short sale for the financed Las Vegas Pool Home buyer. I know I know, cringe cringe cringe!
It’s either that or you can open yourself up to any type of home and start saving your beans so you can put your own pool in someday!
PS: I do know of a pool builder who does have private financing available that doesn’t require equity in your home. They do require you to have very good credit, money in the bank and several other qualifying factors. You can visit their website and contact them directly if you would like to explore the route of building your own pool and opening up more inventory options to your home purchase.