Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

It's a Buyers Market - Las Vegas Real Estate Advantages

Posted by Mastura Zaini-Roberts on Thursday, September 1st, 2016 at 4:40pm.

It's A Buyers Market In Las Vegas

 

Real estate is one of the most prosperous investment avenues where you can expect your money to grow. The real estate market is supposed to boom in Las Vegas as with each passing day the demand for homes is growing. It is important for you to know the right approach to a buyer’s market so that you can make the most out of it. Before you step into the world of real estate, you must know about some strategies that would help you make the most
profit.

Understand the market

The first thing that you should do is to understand the market. If you are observing any real estate buyers market and notice that all the homes in that market are expensive, then you should look elsewhere. It is a good idea to check out homes in other neighborhoods so that you can get the perfect deal. If you are eyeing any property in an expensive area, then it does not make any sense to make an offer for a significantly low price. The property owner will not pay any heed to you as he has set a limit for home sales. If you have a fixed budget, then you should find homes in a neighborhood where houses are cheaper. Some homeowners offer a home on sale, so you might get a good deal i.e. an excellent home in a posh neighborhood at your price.

Lowball offer should be made

It is a good idea to make a lowball offer in real estate buyers Market; however, you must ensure that the offers are realistic. Suppose, a house is available at 300k, you should not make lowball offer of 200k as it is very unrealistic. You should ask him to make consideration for 275k or 280k as it makes some sense. If you have no idea about the sale value of a home, then you should get an appraiser to evaluate the price. The cost will be analyzed based on the prices of other homes in the neighborhood.

Discounts and upgrades should be considered

When dealing with a real estate buyers market, you should consider getting discounts and upgrades. So if the house needs repair, you can ask the seller if he will fix the house before selling it. If he agrees to it then you need not worry anymore; you would have to take other steps for purchasing the home. However, if the seller does not repair the house before selling it, then you can ask him to deduct the price of repairs from the total sale price of the home. It is a good idea to buy a home at a discount without getting it fixed by the seller as it might not be up to your standard. You can repair your home on your own with the money that has been discounted from the actual price of the home.

If you have no prior experience of real estate buyers market then you should consider taking the help of a professional.

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"



Related Blog Posts

Flash Flood Season Hits Las Vegas Residents

by Jeff Tonnesen It is the monsoon season here in the Las Vegas Valley and with that comes thunderstorms.  Just look outside and you can see rolling thunderheads throughout the valley dumping their rain in big curtains of water.   With the heavier rain comes flash flooding.  Flash floods are incredibly dangerous t...

February sees uptick in pending home sales

Pending home sales spiked 5.5% month over month in February to their highest level in almost a year and the second-highest in almost a decade, according to the National Association of Realtors. NAR’s Pending Home Sales Index hit 112.3 in February, up from 106.4 in January. Year-over-year, February&rsqu...

7 reasons to list your home this holiday season

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are seven great reasons not to wait: 1. Relocation buyers are out there....

Expect the ‘longest economic expansion’ since WWII, says economist

Don't hold your breath for a recession anytime soon, says Cushman & Wakefield's global chief economist BYAMBER TAUFEN Staff WriterJUN 15  Key Takeaways Kevin Thorpe, global chief economist at Cushman & Wakefield, thinks there's little cause to worry about a recession in the next couple of ye...

It's a Buyers Market - Las Vegas Real Estate Advantages

It's A Buyers Market In Las Vegas   Real estate is one of the most prosperous investment avenues where you can expect your money to grow. The real estate market is supposed to boom in Las Vegas as with each passing day the demand for homes is growing. It is important for you to know the right approach to a buyer...

Leave a Comment

Have a Question?

Contact Us

Follow Us