According to latest news from the Greater Las Vegas Association of Realtors: Sales are up, inventory is down and homes are selling with multiple offers!
Biggest interest in buying is: first time home buyers and investors paying cash. The market prices are so good and the $8,000 tax credit is bringing out Las Vegas consumers who didn't buy during the boom. The only down side is that first time buyers usually need the seller to pay thier closing costs, and investors paying cash dont. So in a multiple offer situation the asset manager for the REO property will most likely take the cash. Less possible appraisal issues and less drama.
With so much competiton for properties, Buyers need to work with an experienced REO agent. LIke us!
Call us when you decide to start the home buying process. We are ready when you are!
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