1. In today’s Las Vegas Real Estate Market we have choices and more choices – a few years ago many of our clients had a difficult time finding that special “dream home” but in today’s market there is a lot to choose from and you don’t have to make compromises. By choices we mean condos, homes, attached homes, luxury homes, town-homes and much more.
2. Offers have real value – in today’s market a seller will listen to any serious offer on the table. In past markets you had a difficult time getting an offer that would get the seller’s attention and you had to worry about if you were high enough above list price.
3. Bidding wars are not as frantic – yes, we do have multiple offers on many of our Las Vegas Foreclosure so there is competition for many of these homes as they are heavily discounted. But, the level of competition is much lower than years past and not as frantic.
4. Repair requests are not ignored but addressed in most cases. It used to be virtually impossible to get the seller to do any repairs on their Las Vegas home – most requests were ignored altogether or a backup buyer waiting in the wings with no repair requests ending up getting the home in question.
5. The market is not as frantic like a red hot sellers’ market – in today’s market a buyer can take more time analyzing a deal, getting the home inspected and coming in with a reasonable offer.
6. Due diligence on a home is no longer off the table. In this cooled down market a buyer now has the ability to work with their agent/broker to actually look carefully at all facets of the home, its condition, neighborhood, comparable priced homes, etc.
7. You can buy a brand new home constructed by a builder and actually get specifications. In years past there was so much pressure in the marketplace you had to wait in line and take a number to get a new home and specifications were not even on the table.
8. Investor activity is coming back into the market driven by great deals on Las Vegas Foreclosures; but, we you are not competing with a large number of prospective landlords who are buying homes for an investment like years past, with pricing inflation driven by speculation!
9. Location has a different meaning in today’s “cost of gas” driven market. In years past buyers were driven to look in markets outside of central Las Vegas to get a better deal (lower price) – we now have some very good deals with Las Vegas Foreclosures within the city limits and/or right off the famous Las Vegas Strip.
10. Financing has returned to more basic fundamentals and your assured of getting a mortgage rate and deal that is good for you and your family and not one that will come back and bite you (figuratively) in 3-5 years, by resetting to some outrageous rate! Las Vegas Real estate financing is returning to normalcy!
