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The Las Vegas Real Estate Market is shifting from one that has been foreclosure-driven for much of the past 18-24 months to Short Sales. Why is this occurring? Simple question, with a complex answer.
Banks and Financial institutions are shifting to Short Sales for a couple of primary reasons: first, they make more money, as the homeowner can stay in the home and they don’t have to put the house in…
RE/MAX International Chairman and Co-Founder Dave Liniger met with some of the top housing officials with the Obama Administration last week in Washington D.C. to advocate for a streamlined Short Sale process that would help to stem foreclosures, assist homeowners facing foreclosure and help to advance the recovery of the real estate industry and the broader economy.
We support his perspective and feel making Short Sales a more accepted practice could…
Approximately 40-60% of our today’s sales are Las Vegas Foreclosures. If you are interested in buying a Las Vegas Foreclosure you should be aware of issues that impact our existing market.