Las Vegas Homes for Sale With Pool: KNOW THY MARKET!

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

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.

Las Vegas Pool Homes Sold

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:

Las Vegas Pool Homes Sold

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.

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

 

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Topic:
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Location:
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Groups:
Market Updates
Nevada/Las Vegas REO, Fourclosure, Short Sale Specialist
Local Expert
Las Vegas Foreclosures - Homes, High-Rises-Condos
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Tags:
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Rainmaker
820,770
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Renee, great break down of cash versus financed purchases in the Las Vegas real estate market.  Also, great information to share on a good pool builder.  I found it so much fun the watch the building of a pool when I bought my first house here in Arizona.  If he price is right, it's fun to help in the design ideas and fascinating to watch the process of having your own home built.  And, as you stated, it increases your options when looking at Las Vegas homes for sale. 

Aug 04, 2011 07:29 AM #1
Rainmaker
1,472,193
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

Those are some great charts! With Texas being a non-disclosure state, the terms in the MLS are not reliable enough to break something down like that.

Aug 04, 2011 08:03 AM #2
Rainmaker
923,319
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Renee - a cash buyer always has an advantage when working with these types of transactions. I'm not sure why homes with pools have different statistics, but I would rather have a pool myself.

Aug 04, 2011 08:48 AM #3
Rainer
370,782
Surprise Arizona Realtor Jim Braun Sun City Grand Active Adult Communities
Coldwell Banker Residential Brokerage Jim Braun Sun City Grand Az - Surprise, AZ
Surprise AZ real estate Phoenix West Valley

Your charts are great and informative. Thanks for sharing!

Aug 04, 2011 01:27 PM #4
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1,542,483
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Renee,

This is very interesting and something I had given thought to. Your charts are excellent and this was very interesting.

Aug 04, 2011 02:41 PM #5
Rainmaker
323,845
Melissa Brown
Helen Adams Realty - Charlotte, NC
Realtor - South Charlotte NC Homes for Sale

Wow, Renee, you really show your expertise in knowing your market!  Your charts are fabulous, and your buyers are lucky to have someone who can break down the market in this way!

Aug 05, 2011 10:28 AM #6
Rainmaker
647,533
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

Hi Renee,

Interesting to see the breakdown by type of financing!  Cash is king and it is surprising how many can pay cash these days!

Aug 05, 2011 04:47 PM #7
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you everyone for the comments!

Aug 07, 2011 06:11 AM #8
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