There are currently 200 homes for sale in the Las Vegas 89014 zip code, which includes the master planned community of Green Valley. Green Valley is located primarily in Henderson (the southeastern part of Las Vegas). Development first began in 1978, so that means within its 8,000 acres, you can find every home style, from…
Las Vegas Foreclosure Home Buying 101: 5 Things Every Buyer Should Know A large percentage of homes for sale in Las Vegas right now are foreclosed homes (also called REO or bank-owned, these are homes that the bank has foreclosed and now own). Often, savvy home buyers can purchase a foreclosed home for less than…
Given that a large percentage of Las Vegas home sales (almost 22%) are short sales, I’d like to go over the Las Vegas short sale process. In some ways, a short sale is a lot like a traditional sale – your real estate agent lists your home for sale, puts out the “For Sale” sign,…
I ran across a report the other day from Zillow.com that got me thinking about the different types of real estate investors – and the fact that some markets are better for some kinds of investors than others. Read on to see where you fit. You know you’re a “traditional” rental income real estate investor…
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.…
