Allen Estates (North Las Vegas, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Comments 3
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 each financing type: Cash Offers: Generally have less contingencies and quicker close times. A cash offer may be accepted even if it is lower than a financed offer. Conventional Financing: Less strict with lender required repairs but larger down payments and more strict credit guidelines. FHA/VA Financing: Requires more scrutiny with lender required repairs via appraisal. In general these take longer to underwrite and close so a cash or conventional offer looks more enticing to the seller. FHA Req...
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Comments 0
Economic Conditions for the Las Vegas Valley October 2008  Housing Conditions: Foreclosure/Short Sale Listings (12/9/2008): Total Listings 21,550; Short Sales: 6695, 31.1% of all listings; Bank Owned Listings: 7662, 35.6% of all listings. Short sale and REO listings consume 66.6% of total listings New Home Sales (October 2008, units sold): 798 Year Change -31.8% (excl condo conversions, highrises) New Home Sales (October 2008, median price): $244,086 Year Change -18.1% (excl condo conversions, highrises) Existing Home Sales (October 2008, units sold): 3140 Year Change +105.4% Existing Home Sales (October 2008, median price): $180,000 Year Change: -30.6% New Home Permits (October 2008): 329 Year Change +82.1% Rental Rate (MLS Monthly Average October 2008): $1393/month  My analysis:  Dist...
North Las Vegas, NV Real Estate Professionals