It may seem contradictory that in the real estate market leading the nation in foreclosed homes, where prices have fallen so dramatically that a large percentage of homeowners are underwater, new home developments can be succeeding. But in Las Vegas, they are. Why? Because there is demand for newly-built Las Vegas homes. With prices lower…
Have you wanted to own a Las Vegas home but figured you could never afford it? Well, when sales prices were in the $300s (or higher) that might have been true. But now that the median sales price of a Las Vegas home is in the low $100s, homeownership might be in the cards for…
While only your lender can make a final determination about your eligibility for a short sale, you can get a good idea of your qualifications before you begin by having a frank discussion with a qualified short sale specialist. You know the value of a short sale. A short sale is a special arrangement with…
The Greater Las Vegas Association of REALTORS® reported last week that short sales accounted for 21.6% of all Las Vegas homes sold in June (not counting new builds). What’s a short sale? It’s when the mortgage holder agrees to accept less than the value of your mortgage as payoff on your home (when the sales…
Las Vegas is the #1 market for rental property investors. If you decide to take advantage of the rental property investment opportunity here, or if you already own a Las Vegas rental, how do you manage that property? One option, of course, is to do it yourself. DIY property management might save you the money…
Las Vegas is the #1 real estate market to invest in rental property, according to a report published Monday by HomeVestors of America, Inc. (known as the “We Buy Ugly Houses®” company) and Local Market Monitor (a leading forecaster of real estate markets). Here are the 5 reasons why (and why you should consider investing…
Las Vegas real estate agents have long been frustrated when a buyer walks during the short sale processing period and then have to start the process all over again, even if they had a back-up offer with identical terms ready as a replacement offer. Bank of America will now allow Las Vegas real estate agents…
Rents are up, and property values are down, making Las Vegas a great place to get established as a property owner. Of course, buying a rental home and actual getting it occupied and generating income are separated by a few crucial steps. All told, however, it’s easier than you think to start earning rental income.…
