For the second month in a row, sales are up over 100% in the Las Vegas Real Estate Market. We could tell, by the traffic at home showings that things are starting to turn around. The foreclosure market will be with us for a while but that’s a good thing for our buyers. I’m sure you realize that it’s only a matter of time before the new administration will focus directly on the housing market. When loans become easier to get and the supply of foreclosures level off, this market will start to recover. Even Donald Trump is telling everyone to buy now before the prices start to go up. The good news is you still have some great values to choose from. Here are a few more tips that we hope will help you in your search.

• This is very important. Be Patient, good things come to those who wait.
• The Banks are very slow in responding to offers. Some are slower than others.
• Most Bank Owned Homes are sold “As Is”. Do not ask them to make repairs.
• Banks love offers that close quickly and have the least amount of liability.
• Ask your Realtor to include a home warranty in the offer. This is one item that the bank should agree to pay for.
• The really good deals are usually sold in the first week on the market. Try to tour new listings right away.
• Look past the clutter. Get estimates on repairs during your due-diligence period.
• Planned communities like Summerlin and Green Valley will hold value well.
• Research the area before you make an offer. Check all the amenities near the property.
• The larger the lot size the better.
• The neighbors will tell you what they like and dislike about the community.
• If you are new to Las Vegas, look at homes in all areas. Get a good feel for the lifestyle you want.