As we approach 2009, there are many unanswered questions about investing in the Las Vegas Real Estate Market. Opinions vary but no one has a crystal ball that we know of.
I’m sure we all realize that the economy is down dramatically and it will take time to see this market rebound and prices begin recover. The vast majority of the buyers that are purchasing homes now are taking a conservative approach and are telling us that they think it will be at least 3 to 5 years before things get back to normal. The buyers have many choices right now and are able to purchase homes in communities that were not in their price range 6 months ago. It is very important that you do your homework to get the best value for your money. Location, Location, Location has always been a key factor in determining value and in the Vegas Valley it is critical. If you do not know this city, it would be of great value to hire a Realtor that has been in business for many years in this area. You should find someone that you feel comfortable speaking with and that will be focused on your needs and not their own listings. Desert Homes Realty specializes in representing Buyers and we like to show our clients all the listings available in the area and price range that our clients pick. This eliminates the doubt that there may be something else that the client didn’t see that could be a better value. This also gives our clients a better feel for the market. You, as the buyer, can see what homes are really selling for and not what you heard on the news. The News Media today seems to be more concerned about expressing their opinion than researching the facts. Bank owned homes continue to be the majority of the home sales in Las Vegas at this time. These homes are priced very competitively. Check with your Realtor and find out if they are familiar with the different strategy of the Bank Owned properties. The goal for Desert Homes Realty is to get your offer accepted, not to make unrealistic offers that go no where but the trash can. We will do your homework and try to make the process as painless as possible.