Las Vegas Real Estate Agent, Las Vegas Homes, Condos, Land, Commercial Real Estate and Personal Blog

The Federal Reserve Bank is winding down their massive purchasing program of Mortgage Backed Securities and this translates to home loan rates rising in the near future. Hate to say it, but I have repeatedly written that the main reason to invest in Las Vegas real estate in particular and real estate in general is [...]

[Read more →]

Las Vegas Real Estate Market Report 2009-2010, regular sales, short sales and foreclosure sales Part One
Las Vegas Real Estate Market Report 2009-2010, regular sales, short sales and foreclosure sales Part Two
The total number of residential real estate properties which have sold through the Las Vegas MLS in Clark County was 46,879 in 2009. and despite [...]

[Read more →]

Las Vegas Real Estate Market Report 2009-2010, regular sales, short sales and foreclosure sales Part One
I am only discussing the real estate market in the Greater Las Vegas Valley and not all of Clark County which most of the MLS numbers are based on and will only discuss deals that involved the Las Vegas MLS [...]

[Read more →]

In order to gain an understanding of what could happen in the Las Vegas residential real estate market in 2010, it is beneficial to take a look at what happened in Las Vegas homes, condos and townhomes for sale market in 2009.
Las Vegas MLS shows 46,879 residences have sold in Clark County in 2009. However, [...]

[Read more →]

The Las Vegas Review Journal had another article published about Las Vegas real estate market last week and here are a few excerpts:
“Two reports showed that more than half of home mortgages are underwater, meaning the owner owes more than the property is worth, according to two reports.”
“Zillow.com reported that 81.8 percent of Las Vegas [...]

[Read more →]

The only way that the true price of a property in Las Vegas is calculated is to see how much similar properties in similar locations have sold recently and recently is determined by the market conditions. If the real estate market is stable, one can go back about six month, if the market is not [...]

[Read more →]

US Congress passed the home buyer tax rebate extension just like I had predicted that they would and when I predicted that they would do it, just when it was becoming very hard for home buyers to close the escrow on time. Basically first time home buyers will get their $8,000 tax rebate and those [...]

[Read more →]

Las Vegas, Henderson or North Las Vegas home sellers who owe more than the home or condo is worth in the current real estate market have to sell their residence through a short sale process. Listing and selling short sales requires a special kind of Las Vegas Realtor real estate agent who has the required [...]

[Read more →]

The US House of Representatives last week passed a bill that extended the $8,000 first time home buyer tax credit next year for military, diplomatic and intelligence personnel who are serving overseas. This increases the probability that Congress will agree to an extension or even extend the entire credit program well into 2010.
The White House [...]

[Read more →]

Many real estate investors in Las Vegas have never purchased a bank owned or REO (real estate owned) home before and expect all the good stuff that comes with a regular sale such as property disclosures or CLUE reports, negotiations, etc. So I will write about the differences when making an offer for a regular [...]

[Read more →]

When prospective investors contact us about buying Las Vegas condominiums or homes or high rise condos, there are a few issues that I would like to discuss here. Most of the investors who contact us about investing in Las Vegas real estate are not Las Vegas residents; furthermore they are unfamiliar with Las Vegas other [...]

[Read more →]

Many Las Vegas home or condominium buyers like to search for properties on their own and then will contact a Realtor when they see something that they like and ask for more info. This WAS a pretty good way to find properties in the 20th Century, but it is currently the 21st Century and outdated [...]

[Read more →]

 
I do not like to list Las Vegas properties that I can’t sell, and that is why I have only listed one home to sell in 2009. In today’s Las Vegas home and condo market, regular listings should be able to compete with bank owned or REO homes or condominiums. There are not too many [...]

[Read more →]

Las Vegas real estate market for homes and condos that are prices less than $300,000 is on fire.  Any listing that is reasonably priced gets multiple offers. Making offers based on COMPS which are same homes or condominiums which have sold in the last three months in the same community is the road to nowhere. [...]

[Read more →]

The first issue is the problems that Las Vegas homes and condo buyers have in regard to financing their purchase and getting an offer accepted while competing with cash investors who give the bank cash offers with two weeks close.
I personally don’t blame banks to choose an investors cash offer over those who want to [...]

[Read more →]