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Month: December 2008

Sellers, Please Choose a Las Vegas Real Estate Agent With Experience in Short Sales

I don’t mean to rant but Las Vegas Real Estate Agents that have no experience in listing short sales make it difficult to get the short sale approved.  In this market, short sales are very prevalent and require an agent that has experience handling short sales.  Not all short sales will close but an agent experienced in short sales will start the short sale process just as soon as they list the home which increases the chances of getting the home sold and sold much quicker.

I currently have several deals with listing agents that do not know what they are doing and it’s going to cause my buyer’s to walk away from the transaction.  Out of all the short sale deals that I have done this year, there was only 1 listing agent that was on top of everything and it was one of the reasons why our short sale transaction closed within 45 days.

When we take a short sale listing, we go through the whole process with our client so they know exactly what to expect during the short sale process.  We submit our short sale package to the bank/lender within 48 hours of taking the listing.  We continuously contact the bank/lender to get our paperwork processed as quickly as possible to ensure we can move quickly as soon as we get an offer.

If you are thinking of selling your Las Vegas Home, make sure you contact Sena & Associates for a free consultation at 702.376.0088.

Why Buying a Home in Las Vegas Makes Sense

If you read the newspaper or watch the news, it makes you wonder why you would want to buy a home in this real estate market.  All the media has been reporting is that home prices in the Las Vegas Real Estate market are dropping and more homes are being foreclosed on every month.  I won’t deny that’s true but there’s other information that is not being reported that might give you a different perspective on the Las Vegas Real Estate Market.

Las Vegas sales of existing homes and condos are up from the same time over the previous two years. For November, Las Vegas’ existing home sales were 120% higher than the same month in 2007.  The increase in home sales has reduced the standing inventory even with all the new foreclosed homes that are entering the Las Vegas Real Estate Market every month. Available inventory of homes for sale sits at 10.4 months compared to a 24 month supply at the end of 2007.  Homes that are priced below $200K are receiving multiple offers and are selling above list price.

If you are interested in buying a home in Las Vegas, make sure you act now as housing inventory continues to decrease, you can expect prices to stabilize and even begin to rise.

If you have any questions about the Las Vegas Real Estate Market or would like us to send you properties for sale in the Las Vegas Valley, contact us at 702.376.0088.

Snow Day in Las Vegas?

Today has been a strange day as it has pretty much snowed for about 8 hours straight in the Henderson area.  I measured over 5 inches of snow that accumulated on a table in my backyard and in some parts of Henderson they were reporting 10 inches.  Read More

Buying Real Estate in Las Vegas

Christmas is only a few weeks away and home sales have slowed down a bit in Las Vegas as it usually does every year around this time.  Most people are spending time getting ready for the holidays and buying a home is not on the top of their list of things to do.  Getting presents for Bobby and Susy is at the top of their list.

With home prices in Las Vegas at levels we haven’t seen since 2003 and 2004, with so many bank owned homes for sale and interest rates at historic lows, a new home should be at the top of your Christmas List!  Homes on the market for sale have dropped over the last year and will probably continue to decrease which will inevitably cause prices to level off over the next 18 months, so don’t wait and pass up the opportunity to buy a home in Las Vegas below market value!

If you have any questions about the Las Vegas Real Estate Market or would like us to send you properties for sale in the Las Vegas Valley based on your criteria, contact us at 702.376.0088.