Upon doing two BPOs recently that involved some land I must say I am SHOCKED, I mean absolutely SHOCKED on how low prices on homes with land have gone down to! I don't have many buyers asking for homes on large lots but I will sure be sharing this info with them as I am sure many will be ecstati
...
06/22/2010
Cash or Credit for Your REO Purchase? Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo inelig
...
06/21/2010
Cash REMAINS KING in the Las Vegas Area Real Estate Market!!! It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is enjoying! It is important to understand how a seller looks at
...
06/21/2010
The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has INCREASED by +436 units. Under Contract has DECREASED by -255 units. Solds have INCREASED by +71 units. There are many reasons for the lack of closings in this market and it is outlined in thi
...
06/20/2010
Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles. For More Sun Cities, Click Here! Sun City Summerlin is located in the Summerlin Area of Las Vegas, NV (zip 89134). There are 3470 homes in Su
...
06/19/2010
One Hundred Twenty Three (123) individuals have been charged, convicted or sentenced since March 1 (according to the Las Vegas Review Journal) from the FBI's Operation Stolen Dreams. Names or details have not been released. It is being insinuated that the fraud is from straw buyer activity and m
...
06/18/2010
Inventory is increasing RAPIDLY. This may be due to the first time buyer's tax credit expiring. This is also good news as we could emerge from the extreme seller's market that we have been in for over a year to a stable market in about 8 months (with a consistent increases like the ones we hav
...
06/18/2010
Summerlin May 2010 Real Estate Resale Market Report: Listings (6/15/2009): 676 Under Contract (6/15/2009):696 Sold May 2010: 150 Since Last Month's Report: Listings UP +40 Pendings DOWN -12 Sold Units DOWN -1 Last Month's Summerlin Report Most Current Summerlin Market Report
06/17/2010
Well this is such a stinkin cute analogy that I couldn't resist a reblog! Applies to any market with large amounts of REO! If you would like to comment please go to Leander's post as comments are disabled: You Can Put Your Boots In The Oven, But That Don’t Make Em Biscuits. Buying Bank Owned For
...
06/17/2010
Las Vegas Area June 15, 2010 Active Listings by Type REO: 2146 (20%) Short Sale: 4559 (43%) All Other: 3843 (37%) May 2010 Sales by Type: REO: 1464 (42%) Short Sale: 1039 (29%) Other: 1010 (29%) This is just a guide for consumers to see what types of properties are closing vs what is liste
...
06/17/2010
