Buying a Las Vegas Home

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Great Deals on Las Vegas Home

Informative lens about buying home in Las Vegas - with recent market trends impacting Las Vegas home real estate market focusing on government legislation, what action financial institutions are taking and what is occurring in a big picture sense. Lens will give you a sense about what is occurring on the ground with buying Las Vegas Home.

Remax Central of Las Vegas, Specializing in Las Vegas Real Estate, Real Estate In Las Vegas, Las Vegas Foreclosures, Las Vegas REOs, Las Vegas Homes

Work with the market leader who will save you time and money - we've been featured in Business Week, USA Today, Canadian Broadcast Corporation, CBS News and all local major TV stations in Las Vegas. We have trained foreclosure experts on staff who handle nothing but Las Vegas Foreclosure transactions.

Call Toll Free 877-360-2030 Or, go to our website at LasVegasRelocation.com

Critical Consideration for Buying a Las Vegas Home 

Critical Consideration for Buying a Las Vegas Home

Is the recent snowfall and related cold getting to us here at Remax Central Of Las Vegas Absolutely not!

We've come up with yet another important real estate term for you to consider as you think about buying a gorgeous Las Vegas Home - DFOTH ("Distance From Office To Home"). It's so catchy, maybe we can license the term to George Lucas for some version of a Star Wars prequel in the distant future.

Now that we have your attention - let's get serious. With gas prices hovering around $2-3. per gallon we are seeing more and more interest in Las Vegas Homes that are close to our client's office and/or other community amenities.

You need to carefully think about gas consumption in today's market, which doesn't look like it's going to change anytime soon. The car you drive, distance from your office to home, proximity to the right school and related community services should all be carefully analyzed as you weigh a Las Vegas Home purchase.

And, if gas prices continue to climb, these "location driven costs" can and will impact your overall "soft" costs associated with your home purchase.

So, let our realtor geeks whip out their GPS tools in our office or when they are out on the road with you and make sure to factor in your "DFOTH" analysis as part of your final decision about buying a Las Vegas Home!

Market Snapshot of Las Vegas Real Estate

We are on the front lines of the Las Vegas real estate market and there is much more positive news for investors and homeowners than what the national media is conveying! We continue to believe that Las Vegas real estate has tremendous values that won't last much longer. Our reasoning:

Las Vegas Real Estate Sales Increasing

December generated a dramatic increase in Las Vegas home sales. We sold 2,498 homes, up approximately 184.2% from December a year ago, according to the Greater Las Vegas Association of Realtors. December is traditionally a slow time of year due to the holidays and winter weather, which underscores a more positive interpretation of these numbers.

Investors Moving into Las Vegas Real Estate

Investors are moving into our market in increasing numbers. Most do not care if the market has "bottomed" or not, as they are purchasing homes at below replacement costs, have positive cash flow and plan on holding them for 3-5 years to generate a significant return.

Government Helping Las Vegas

Mortgage giants Fannie Mae and Freddie Mac have today announced an extended moratorium on foreclosure suspensions for at least another three weeks by telling mortgage servicers who work for them to postpone any foreclosure or eviction notices. This extension helps "at risk" people facing foreclosure to enroll in the company's Streamlined Modification Program.

House Financial Services Chairman Barney Frank has promised to move quickly on a bill that may provide up to $50 billion of foreclosure relief. We believe this Bill coupled with other stimulus packages the new administration is putting together will help to stabilize the Las Vegas Real Estate market.

Mortgage rates are at historical lows - the average interest rate on a 30-year fixed rate mortgage has dropped to 5.01%. And, even lower rates below 5.01% are available to some customers of large banking institutions. Mortgage rates have dropped 1.5% points since October, creating a savings of $185. per month on a $200K loan.

Banking Institutions Locking in on Pricing

Banking institutions that have foreclosed homes in their inventory are not negotiating on price in most cases. Meaning, they believe our pricing levels have fundamentally reached bottom and they do not need to negotiate to sell their inventory of Las Vegas homes.

Affordability Driving Las Vegas Real Estate

We have levels of affordability for our homes here in Las Vegas that have not been available for 3-5 years and this is helping to stimulate investor interest in our market and motivating families to buy as well.



John and Ruth Ahlbrand, Co-Founders of RE/MAX CENTRAL of Las Vegas

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LasVegasRelocation.com
Give Us A Call Toll Free: 877-360-2030
You Can Email Us Here

8400 West Sahara Avenue
Las Vegas, NV 89117
Office: 702-360-2030
Fax: 702-360-5120

OR, 10220 West Charleston Blvd.
Las Vegas, NV 89135
Office: 702-940-9600
Fax: 702-940-9601
Call Toll Free: 800.346.5103

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Get Informative Insight About Las Vegas Home Buying and Selling

Broker with 20 plus years of experience provides insight and analysis of present trends impacting Las Vegas Home sales.

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Las Vegas investment property that is in foreclosure - perfect for investors, first home located in Spring Valley, which is older section of Las Vegas; sold for $275K two years ago and listed now for $165K; second home in Centennial Hills.

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