Las Vegas Properties Blog

Invest In Las Vegas

The Las Vegas real estate market has presented great opportunities to real estate investors.  Prices and interest rates are at an all time low.  The average Las Vegas single family home’s median price is less than it was in 1990.  Investors have account for about 50% of all sales in the Las Vegas, Henderson and North Las Vegas markets. 

The profile of the real estate investor has changed during the last few years of challenging economic times.  In the Las Vegas market, investors are experienced, most of whom purchase multiple properties, either as individuals, or as part of an investment group.  As the mortgage underwriting standards have become so strict, a majority of investors are paying cash; this is in contrast to the investors of 2002-2005, when investors leveraged their purchases with minimal down payments and adjustable mortgages.  Investors today are not as interested in “flipping” properties, but, rather, focused on cash flow and long term appreciation.  Knowing that Las Vegas real estate prices have bottomed out, investors focus on properties with good rental income potential.  By holding these properties for 3-7 years, they will realize future appreciation and income.

Las Vegas investors have many options – REO (Bank Owned) properties are being sold at great discounts; short sales are being sold at prices that are sometimes 50% of the original purchase price.   Real estate auctions also present opportunities for investors.  And, with commercial properties being offered at their lowest prices in many years, investors can enter the commercial real estate investment market that was previously out of their price range .

If you would like more information about investing in Las Vegas real estate, please visit http://www.lasvegasproperties.com or http://www.shortsaleconsultantsofnevada.com.  For our Free Report, “How To Invest In Las Vegas Distressed Properties,” email terrilvp@cox.net or call 1-888-876-8383.

The Las Vegas market has been the leading foreclosure market in the country for more than 2 years!  As VP/Broker for a major REO brokerage, my staff sold more than 500 REO assets since 2009, and we are seeing a major shift in this market.  The most active market for brokers, sellers and buyers in Las Vegas is definitely the Short Sale market!  This is not one to be taken lightly, and these transactions are not as easy and quick to close as the government has indicated.   But, with almost every homeowner wanting to sell is facing “negative equity,” this is definitely the niche for me!  Las Vegas statistics show that buyers are more reluctant to purchase REO/Bank Owned properties today.  Many buyers are unwilling to participate in a multiple offer situation,  Las Vegas investors are unwilling to wait for the “30 First Look Policy,” while others buyers have found that the condition of REO homes do not warrant the price paid for a property in need of repair or renovation.  If you are an buyer wanting to purchase either your own home, or if you are looking for Las Vegas investment properties, I might suggest looking at Short Sales.  Be sure to engage the services of a Broker who is experienced and trained to handle these transactions.  I am a Certified Distressed Property Expert (CDPE)  with the experience and knowledge to represent both Short Sale Sellers and Short Sale Buyers.  For more information, please call me at 702-379-6627 or email terrilvp@cox.net for a complimentary copy of my Short Sales Made Easy report.

Las Vegas’ best “gamble” is for real estate investors looking at the Las Vegas market!  At no time in the last 20 years have investors controlled our real estate market as they do today.  More than 45% of all real estate sales this year have been cash investor transactions.  Cash is King in this market!  Investors can negotiate great deals, some more than 30% under the already discounted prices.  In the past yeaar, I have had 300+ REO listings, and investors have purchased more than 200 of those.  Asset Managers and Banks choose cash deals over any others; those transactions close faster and easier, which is the goal.  With the stock market declining every week, banks paying less than 1%, investors need to consider other options for their money.  So, if you are looking at Las Vegas as the “gambling mecca” of the country, think about real estate as your “casino.”

Finding the right Broker to represent you is key to success!  Brokers who specialize in REO properties have the experience and knowledge to find the most suitable properties — wither that be single family, condominium, land or commercial property.   Not all REO properties are good investments.  The price might be right, but the price is only part of the equation.  Your Broker will provide you with an in depth analysis of the market values for that area,  general comparable statistics that will affect future value, and a market analysis of rents and future profitability of your real estate investment.  Your Broker will know how to structure and present your offer so that you are considered by the Bank or Asset Manager, who probably has multiple offers on every property.   Presenting offers on REO properties is quite different from negotiating on traditional properties.   Your REO Broker will be instrumental in seeing this tranaction through the escrow/closing process, ensuring that the Seller and Escrow Officer fulfill their responsibilities in the escrow process.  To search for REO properties in Las Vegas, call Terri White, Las Vegas Properties, at 702-379-6627 or email terrilvp@cox.net.