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Las Vegas Foreclosures - REO'S
There are an
overwhelming amount of Las Vegas foreclosures. Many of the
really well maintained properties are getting multiple offers and are sold quickly.
What are prices like
today? Prices have sunk to the level of
approximately 1999 and Las Vegas
foreclosures have saturated almost every
neighborhood and project. Many entry level homes as new as 2006 are available for under
$135,000, some with all appliances, move in condition and great
buys. WARNING!! Many of the well priced, well dressed homes
have multiple offers within a few hours of listing. Remember, if you love the home someone
else probably does also. See the latest Las Vegas Average
and Median Prices.
Where Do I
Start? Simply
call 702-308-1072 or fill out form and spend less than 10 minutes telling me what you
wish to accomplish. You make the call, I make your options and choices appear so that you can
feel confidant that you are qualified and we can go shopping. The best part, these services
are FREE
How long do I
have? The Las Vegas Real Estate market is currently flooded
with Bank Owned "REO'S" and the Banks are very motivated to cash them out. No one should attempt to
predict when the market prices will tighten. This market is in the extreme direction of a "Buyers
Market" at this time. Are you poised to move and take advantage of favorable buyer conditions is
the real question.
Difference Between
Foreclosure and Short
Sales
Foreclosure -
Foreclosure or REO (real estate owned) are properties a loan holder or bank
owns. The home owner could not
make payments on their mortgage loan and the bank foreclosed.
Short
Sale - A short sale is when a home owner is having
difficulty making the payments and needs to sell their property but the value has
substantially dropped and they owe more than the present property value. The home owner
must get permission from the loan holder or bank in order to reduce the price and sell
the property at the present market value. It has been rumored that some banks don't
want to sell properties as a short sale. Short Sales can take anywhere from 60 to
90 days to complete. |
Where To Buy
Buyers looking for
a good investment should generally avoid neighborhoods overrun with foreclosures, particularly
newer subdivisions. Look in well established neighborhoods with good schools and
transportation.
Is Financing
Available? For both Primary Residences & Investment
Purchases? Absolutely! An understanding of today's
financing is a top priority. There are many specific procedures banks require in order to
purchase bank owned properties. We provide all of that and give you clear cut choices
for many options to finance your residence or investment home.
Las Vegas
Communities
Las Vegas, Northwest Las Vegas, Green Valley, Sun City, Aliante, Desert Shores,
Eldorado, Elkhorn Springs, Iron Mountain Ranch, Lynbrook, Painted Desert, Peccole Ranch, The Lakes, Summerlin.
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