The Time to Buy Las Vegas Real Estate is Now

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We believe the headlines are wrong about Las Vegas Real Estate. As a consumer or investor interested in Las Vegas Real Estate, we would recommend turning off that constant drumbeat of negative media about Las Vegas Real Estate. And, ignore the big picture deluge of negativity about a recession, housing market, subprime problems, the credit crunch and all things relating to our real estate industry and/or the broader economy. As much of it is inconsequential when you drill into the underlying strategy of when to buy Las Vegas Real Estate.

Economic history has taught us that owning a home for your family or for a real estate investment is one of the best investments that could have been made in the last 50 years or more! But, when prices are dropping and the media is harping about how bad things are, most people simply do not have the intestinal fortitude to buy Las Vegas Real Estate. But, we would tell you ignore the spinners, prognosticators and conventional wisdom wonks and buy now. In fact you may be losing money if you don’t! Read below to understand how to leverage the financial issues impacting the Las Vegas Real Estate market.

Las Vegas Realtor

As an established Las Vegas Realtor who knows this market intimately we want to make a case for investing in Las Vegas Real Estate now! We believe that the issues that will stop the slide in Las Vegas Real Estate prices may also push mortgage rates higher! These two factors are intertwined; anything that you gain by prices falling further may be offset by an increase in financing your home or investment.

Let’s work through the math carefully. Let’s say you are buying a house for $425K and you make a down payment of say 20%, with a 30 year fixed rate mortgage of 5.5%. Your monthly principal and interest rates come to about $2K per month (estimated) in total. Now, let’s assume the price of your Las Vegas Real Estate falls by about 10% so your house is now worth about $360K. But, if the recession has ended and mortgage rates have gone up to 6.5% your monthly payments would still be about $2K per month. And, you may lose bargaining power with the seller, as the markets may have stabilized and you’ve missed out on living in a home you love and being able to leverage the tax benefits of owning your own home.

So, to summarize: sitting on the fence and waiting for all of the Chicken Little’s to say the sky has stopped falling may cost you money and the ability to live in your dream home for a year of your life. Call your Las Vegas Realtor today and get out and look at our home inventory. We have some fabulous deals, but they won’t last forever.


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It’s no secret the local Las Vegas Real Estate market is going through some changes – but, it’s a much better picture than what the media is painting. Yes, our area is awash in approximately 13,000 foreclosed homes and prices will remain low until these distressed properties are sold. And this foreclosure inventory negatively impacts our local real estate market at all levels, including homeowners, renters, sellers and buyers alike.

But, our market is in much better shape than you would think and we may have bottomed out. Our sales have increased every week since January of this year and the number of homes closed in the last 30 days as of the middle of March are 44% higher than those in early January of this year. Pending sales, which is an indicator on whether closings will be up or down in the next 30 days, are up over 89% since January – this tells is there is renewed activity in the marketplace, including Las Vegas homes!

A local Las Vegas Realtor, RE/MAX CENTRAL of Las Vegas has developed a proactive and innovative business model that blends marketing, out of the box thinking and extensive training, with an end game of helping to sell Foreclosed homes. They have also spent a great deal of time on the front end of the sales process educating consumers (both buyers and sellers) so they understand how this specialized real estate transaction should be handled advantageously. The co-founders of this firm, Ruth and John Ahlbrand are also working closely with Senator Harry Reid’s Foreclosure Task Force to educate and inform our local markets about how to deal with Foreclosures.

RE/MAX CENTRAL’s systematic approach starts out with their bringing in third party organizations to provide extensive amounts of training for their sales team, as the Foreclosure process is highly specialized and can be difficult to work through. This training is integral to their systematic approach, as it enables their sales team to work effectively with consumers in a consultative manner during all phase of the sales process, ensuring all transactions are handled smoothly and with excellence in customer service.

RE/MAX CENTRAL, a Las Vegas real estate company, couples their sophisticated training process with daily research to come up with a list of Las Vegas Foreclosed homes that is current and then utilizes aggressive marketing to drive broad consumer awareness of great Foreclosed home deals to a specialized web site http://www.tourvegashomes.com. The site has a simple form that enables visitors to quickly register for regular bus tours of Foreclosed homes throughout the greater Las Vegas area, with tours that target our multinational region, including specialized tours in Spanish and Chinese.

But RE/MAX CENTRAL of Las Vegas doesn’t stop with just generating foreclosure inventory and then selling it via a bus tour like some of their less sophisticated competitors. They conclude the Foreclosure bus tours with a visit to their training facility where they hold a question and answer session for all and hand out a Foreclosure Booklet they have written, which provides a good overview of the entire process.

Their systematic approach, careful planning and solid execution have already been recognized in the broader market – we’ve been told that several national news media outlets are preparing feature articles on their pioneering methodology which will compliment their being featured in the last month via two of our local TV stations. Stay tuned for more good news about this local innovative company, formed by professional client-oriented Las Vegas Realtors!


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Making Money With Las Vegas Real Estate Investment

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Las Vegas in the state of Nevada remains today ever more than before one of the top real estate investment locations in the United States. Many real estate investors have been flocking into the state to invest in property in the area and there is a good chance that the growth of the gaming industry there will continue to spur economic growth.
This article will highlight three areas to consider when choosing your next property investment in Las Vegas.
Firstly, consider proximity of your property to the strip or even better purchase an apartment in the Casino itself. In real estate investment, the prime indicator of capital growth is rental yield. By purchasing a property near to the strip, your occupancy rate and rental yield of your property would be higher than say a little near the fringe of town. The latest developments by W Hotels & Resorts feature for instance apartments that they rent out on your behalf and you collect the rental proceeds.
Secondly, city rejuvenation projects may also provide an avenue for growth. The city realising that much of the human population in Nevada started to migrate away from the city centre and so has embarked on a redevelopment project so as to attract the crowd back to the city centre. One of the tenets of real estate investment is to invest in the path of progress and you might want to invest in properties that are in the newly redeveloped areas in that part of Nevada.
Thirdly, remember the impact of Nellis Air Force Base. This base remains one of the drivers of the need for services in Nevada and commercial property surrounding the area may provide somewhat good rental yields for companies and businesses that wish to provide services to the base employees.
In conclusion, Nevada today ever that before, remains an important investment area for real estate investment in the United States with the ever increasing tourist traffic and convention traffic flooding into the area. Spending some time considering real estate investing in Las Vegas is therefore going to be a profitable thing for you this weekend. Start taking some massive action today and your financial future awaits you.
Copyright © 2006 Joel Teo. All rights reserved.


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Las Vegas Real Estate Investment – Why You Can Make Money Investing There

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Las Vegas epitomizes the glitzy and glamorous way of life. It is the playground of the rich and famous. The world famous casinos, music theaters, luxury hotels and theme amusement centers make Las Vegas real estate investment a worthwhile choice to consider.
Las Vegas is located in the state of Nevada and was a sleepy little town until the 1930s. With the growth in the hospitality and entertainment industry, it acquired the sheen of a perfect destination for relaxation. Casinos where one could splurge as if there was no tomorrow and the luxury hotels to cater to the whims of the super rich have created a boom in real estate in the city.
Las Vegas real estate investment is profitable primarily because the city is registering growing traffic due to the gaming industry and business convention meetings. The luxury hotels cater to the high-end segment and there is a demand for affordable accommodation for the large number of families arriving as tourists.
There are some compelling reasons why you can make money in Las Vegas real estate investment.
• The strip on which most of the attractions of Las Vegas are located commands a premium. Therefore, finding a suitable property close to the strip would allow you higher rental yields. Some developers, especially of resorts, have created apartments that they rent out on your behalf. Las Vegas is a popular destination for family vacations and endless hours of shopping. Prime commercial property would translate into good rentals and high capital appreciation.
• If you cannot afford the city center, then think of property in any of the redeveloped areas. These have been earmarked by the Nevada administration to ease congestion on the central districts while attracting further investment.
• Las Vegas is close to the Nellis Air Force Base. Employees of the base would need businesses to cater to their needs. Commercial property in the area would mean good rentals from companies that wish to provide different services.
Copyright © 2006 Joel Teo. All rights reserved.


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Las Vegas Foreclosure – Getting a Great Real Estate Deal

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The real estate market has been known to be the best kind of investment someone can initiate, compared to other forms of investments which are highly risky such as currency exchange and stock trading, real estate or the housing market tends to deliver better revenues at a much steady pace.

As we all know the US is currently going through a very difficult economic transition, some people may call it recession, however we can’t be completely sure if we are in one due to the fact that the definition of such term is not exact, in other words it is quite vague; in reality the effect hearing this word over and over by other people is what ultimately drives a nation into such economic chaos! Taking that in consideration many people who did not originally qualify for loans were given one and when the time for interest changes came, they were unprepared and couldn’t handle the financial stretch, therefore their properties were foreclosed, due to this housing sector many may consider using, and even over-using, the “R” word.

There are many reasons for a property to go on foreclosure but when it does a great opportunity is available for those who are smart investors. Due to the financial crunch banks have opted to accept “discounted payoffs” in order to recover some of their loses and not close the books with such huge revenue discrepancies. Just like all of us, banks rely on cash flow to keep their operations running, so a piece of property which is placed on the “current” market at a high price will most likely not sell due to the fact that no one is willing to pay such a high price, so they have no other option but to discount it until they find an equilibrium price according to current market conditions.

Taking in consideration this last thought, where some people see fear and despair, savvy investors see chance, they see opportunity and great revenues. Las Vegas is known to be a real estate powerhouse, in other words the rate at which this city is growing is incredible so the more the downtown expands the higher the value of nearby houses will be, this is not a speculation, it is a fact. Some casino owners have even opted to move away from the strip to “near by areas” which are usually a few blocks away from the strip, in order to build or re-build their gambling-fueled ventures. A great example is the “Palms” this casino is not located exactly at Vegas strip but non the less, its has great fame and draws a lot of attention, another example is the famous “Rio” which is some blocks away from the main action but it still grabs everyone’s attention; these super casinos which are built away from the strip tend to increase the value of any piece of property which is built near by, hence the brilliant value of Las Vegas real estate market.

Currently, interest rates have been brought down to an all-time-low, from the high 7-10% interest rates to 5% and the best part is that it will stay that way for a long time in order to alleviate the great housing deficit, these are all fixed rate loans so keep that in mind. Also, savvy investors know that during this time of financial need, banks are practically giving these properties away in order to get their cash flow going and keep their balance sheets from scaring stock holders so many will even provide no payments for up to 6 months, just so that the property can be sold, again this is not promotional/sales speech, these are the facts and because bad loans (no doc, etc) have been removed, investors know that the new “stated” loan requirements will take their interest rate related risks away. Taking all of these facts in consideration, property foreclosures in Las Vegas represent a great opportunity for buyers and and investors alike.


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Description
It’s a city that’s larger than life. A city without limits. A glittering mecca of excess and forbidden desires. Discover the fascinating story of this fabled destination and the people who created it. From the mobsters who made Vegas into their version of American Dream to the tycoons of today’s family mega-resorts, this is the ultimate insider’s tour of America’s neon oasis. Illuminating interviews with luminaries like Alan King, Wayne Newton and Debbie Reynolds, writer Nick Pileggi, entrepreneur Steve Wynn and Howard Hughes frontman Robert Mayheu offer a unique, unvarnished look at the fabled city, while never-before-seen footage opens a window to its tumultuous past. Tour the incredible casinos of the world-famous strip and even get tips on how to beat the odds!

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