Welcome to my new version of Las Vegas Real Estate Agent’s blog, this is the blog arm of Las Vegas homes, condos, land, industrial and commercial real estate; which along with our web-site and forum compromise a fully interactive Las Vegas real estate educational system.
Having a home of their own is everyone’s dream and due to the foreclosure fiasco many decent, hard working people have seen their dream go up in smoke and become unreachable in the near future. Killing dreams is evil and I decided to combat it through the only way possible, enlightenment and education.
In the beginning of 2007 I had two choices:
1: Representing customers in their real estate transaction with the full knowledge that the prices are going down rapidly and that we would make money at my clients cost.
2: Advise our clients that they should not buy at the present time and spend my time developing a world class, fully interactive online real estate system that educates real estate buyers and sellers to a degree that they become bullet proof and at the same time set up a strong infrastructure and foundation for my business for years to come.
I took the second option and designed and implemented my tri-component real estate system with the web-site to educate people, the blog for updated articles and the forum so people can chat about all things Las Vegas real estate related. I worked my heart out for a year to the tune of over 80 hours per week and lived a life of a monk until the project was about finished. Please enjoy and learn.
My constant market research resulted in my opinion that after mid November 2007 the Las Vegas residential real estate is at a point that enough bargains can be found which would protect those who want to invest for 3-5 years in a home, condo or high-rise condo against more price cuts. Furthermore, this window of buying opportunity will close when:
A: The major projects in Las Vegas such as CityCenter and the new towers at Wynn and the Venetian come online. These projects need about 120,000 new workers of which many will be high income.
B: The access inventories which are mostly made up of short sales and foreclosures get absorbed.
C: The U.S. government starts helping to loosen the credit crunch.
D: The FHA raises their mortgage caps and get even more involved in financing homes.
While construction of these projects are close to the end and most will open in 2009, new home builders have cut construction by about 50% or more since early 2002 and the government is moving aggressively toward satisfying the last two.
We have promised to put customer’s interest before ours and believe that we have backed up our word with action and will keep on doing so. Please learn from our website Las Vegas homes, condos, land, industrial and commercial real estate and chat about Las Vegas real estate in our forum.
God Bless and be well