Las Vegas Short Sales, Short Sales Become the Trend in Las Vegas area

Short sales in Las Vegas have been the "norm" for me for the past several years, but Short Sale homes for sale in Las Vegas are now about 45% of the available inventory for home buyers.

Available Las Vegas Foreclosure homes are down to about 17% while Equity Sales are at about 38%.

The equity sales may not be your typically equity seller as many of them maybe "foreclosure flips" where an investor has bought the home at foreclosure auction and then puts the property back on the market for sale so a buyer can they purchase it and typically close and move into it in about 30 days. Some of the homes may have even been updated and fixed up with new paint, carpet, etc making them even more desirable to a prospective Las Vegas home buyer.

Las Vegas Short Sale Agent Website

Las Vegas SHORT SALE AGENT Avoid Foreclosure -Do a Las Vegas Short Sale - Call Dawn Now!

There are approx 3,986 homes for sale between $100,000 to $200,000 in the Las Vegas area per the local MLS.

This is for homes without contracts on them.

Las Vegas Buyers: Of that approx 1,100 of them are Not a Short Sale and Not a Foreclosure.

What this means to a buyer that wants to put an offer in on one of the homes that is a "regular" sale, is you need to be prepared to put in your best offer on your first offer as these homes get mulitple offers and since they are typically Not an underwater owner that means a quicker response to the offers, but typically the seller is still going to look for the Best priced offer with the quickest closing time.

Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing or as noted, covers the Las Vegas Valley, North Las Vegas, Henderson area.

If would like to SELL your Las Vegas home , North Las Vegas home or a Henderson home give me a call (702) 812-4550.

We work towards No Deficiency Short Sales

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There are approx 11,068 homes for sale in the Las Vegas area per the local MLS.

This is for homes without contracts on them.

Our pendings and homes with contracts on them are at .... 10,929

Las Vegas Real Estate Market Agent Report - November 1, 2011- Las Vegas Homes For Sale Price Analysis Report

For those of us that work Short Sales this article from US Today , is nothing new but some may find it interesting.

Quote: "A growing reason short sale deals fall through or take longer is because of mortgage insurance purchased after the homeowner closes on the deal and the loan is later sold to other lenders and investors.

Unlike private mortgage insurance required for sellers who put less than 20 percent down, these lenders and investors buy insurance to minimize risk. It is known in the real estate industry as pool insurance because it covers a group of loans that have been purchased.

Premiums are paid by the lender or investor and the homeowner isn't aware of it."

Short sales, long waits: Buyers and sellers find process frustrating

When surfing through the internet about Las Vegas homes, you'll find a lot of sites that talk about Summerlin, Spanish Trail, Silverado Ranch, etc. They are great communities with a lot to offer a home buyer. However, there are a lot of other wonderful communities that have been largely ignored. One of these is Southern Terrace. The community was built by then Nevada home builder Perma-bilt (who was later acquired by housing giant Meritage Homes shortly after the community was built). It was probably the last master planned community built under the Perma-bilt brand and offers a lot of the same amenities you'd find in a Green Valley or Summerlin community. The association fees are under $100 a month and the community has two swimming pools, spa, fitness facilities, club house and picnic areas with bbq grills.

Southern Terrace real estate offers four beautiful neighorhoods of one and two story homes ranging from just under 1,400 sf to over 3,400 sf. The community is located on the west side of town near Tropicana Avenue and Fort Apache in zip code 89148. The I215 beltway is just a short drive away, plus a variety of shops, restaurants and more. If you would like listings of the current Southern Terrace homes for sale, call 702-493-8033 or visit our website www.lvrealty.net -cr