It's the Perfect Storm

Real Estate Agent with Keller Williams Realty Las Vegas

Hi Everyone,

This is such an exciting time to be in real estate.  I am working with quite a few buyers here in Las Vegas and we are getting deals accepted by the banks.  It definitely takes a little extra effort but it has been worth it.

This time in the market right now is what I have been calling the Perfect Storm.  The prices have come down to reality,  the inventory is high with lots of great choices for the buyers, the interest rates are low (inching up slightly from last week) and the sellers are motivated.  95% of the homes we are looking at now are bank owned foreclosures and  are vacant.  Many are in move in condition although most need carpet and paint. 

What are you waiting for?  Buy now!!





Comments (1)

Jared Pomranky ~ Detroit Foreclosures
Urban Detroit Wholesalers - Detroit, MI

Jeff, Welcome to Foreclosure Real Estate Investing!  I say that because I'm from Detroit and we are also experiencing the "Perfect Storm".  There is so much opportunity out there that won't be realized until prices are on their way back up.

I was just recently at a real estate conference in Las Vegas and it sounds like there is a tremendous opportunity there.  Prices have dropped but that has brought even more buyers in!  We both know that Las Vegas isn't losing its appeal, especially with construction of the City Center (15 Billion dollar project???).  By Spring next year Las Vegas is going to be back on an upward trend and everyone that didn't invest right now with these amazing prices is going to be kicking themselves!

Successfully Yours,

Jared Pomranky
Urban Detroit Wholesalers, LLC

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Jun 16, 2008 12:25 PM