Current market conditions are really what everyone is interested in. Statistics say that 50% of the buyers that are ready to buy a home now are waiting to see if the market will drop more. We have seen a lot of positive signs that this market is turning around quickly. Sales in Clark County have increased by 70 % since this time last year. As we have mentioned in our blog over the last few months, if you are serious about buying a home, now more than ever, is the time to buy. Prices are remaining stable but the inventory is selling faster and we are seeing multiple offers.
The really good deals seem to be selling for more than the asking price. The best advice we can give our buyers is to look at the total picture, not just the price. Many of the banks that own these foreclosures are listing their properties extra low to create a type of bidding war. As buyers, you need to be aware of this practice and act accordingly. Pick your price range and area of town you prefer and ask your agent to show you all the homes that meet your criteria. As you start to go through these homes, you will find some that stand out and look like better buys. Narrow you search down to several of the “better buys”. Give yourself more than one option in case you get out bid when you make an offer. Keep a positive attitude and understand that you are not the only one looking for a bargain. Here are a few tips that we hope will make this process less painful.

• A low sales price is not your only concern. Area of town, condition, and age are key.
• If the appliances are missing, do research on cost to replace. We will help you.
• Paint and carpet are an easy fix. Take measurements and check prices.
• If you are a “do it yourselfer”, you can save a lot of money.
• Schools are important to most buyers with children. Research the areas noted for good schools.
• If you are buying this home as an investment and are going to rent it out, make sure the area is noted to rent well.
• An FHA loan may be your best bet. Find out if this home will qualify.
• Remember, the seller will take the highest offer. Offer your highest and best if you really like the property.