Over the past 3 months more Las Vegas Short Sales have sold then bank owned foreclosures in the Las Vegas area.
It appears from the numbers that many banks are now wanting homeowners to do short sales instead of foreclosure because they have realized it will be more cost effective to them instead of going thru the whole foreclosure process and because the new Nevada foreclosure law law AB 284 has made lenders have all their “ducks” in row before filing anymore Notices of Default.
There are currenty about 4,400 homes for sale in the Las Vegas area, that are not under contract.
Of that, about 1,039 of them are Las Vegas Short Sales for sale.
Of the approx 12,871 homes pending with contracts on them of that 10,182 of them are Las Vegas Short Sales
Las Vegas continues to have low inventory, causing home prices to rise slightly over the past few months, but this may only be temporary and even with the slight rise, many Las Vegas homeowners are 40-50% underwater on their loans and home values may not increase to the boom time era for many, many years to come. If you are thinking of selling your Las Vegas home, Now could be the time! Depending on how much you owe on your Las Vegas home, you maybe able to sell your home as an equity sale, but if you are still like many and you owe more on your mortgage than what the home can sell for then we can discuss listing it a short sale.
Call us to find out what your home could sell for in today’s market. (702) 812-4550
Avoiding Foreclosure in Las Vegas Do A Short Sale Call Now! (702) 812-4550
Just want to look at Las Vegas Homes for sale? Go to http://www.AwesomeLasVegasHomes.com
Las Vegas Short Sales Dominating the Las Vegas real estate market ~ Las Vegas Real Estate News
Any 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 or as noted.
All photography on this site are the property of Dawn Barrer unless otherwise noted and are protected by U.S. Copyright laws and are not allowed to be downloaded or reproduced in any way without written permission of Dawn Barrier.If you would like permission to use a photo please email Dawn
Short Sales Are Dominating the Las Vegas real estate market, Las Vegas Real Estate News,las vegas short sales, las vegas short sales agent, las vegas short sales specialist
po.src = ‘https://apis.google.com/js/plusone.js’;
var s = document.getElementsByTagName(‘script’); s.parentNode.insertBefore(po, s);
Posted on August 10, 2012 at 6:24 pm by Dawn Barrier