Share
Real Estate Sales Pick Up...


2010 Local Market Update:

As a rule, sales involving short sales take longer than usual to close because of their inherent complexity.  They represent a significant portion of sales activity. How can you get in on a good short-sale deal? It takes a certain amount of fortitude and patience, plus a lot of luck.

This is the Best Real Estate Investing Market in the History of Our Country!
Needless to say, this buyer's market is not going to last forever.  2010 will present "generational opportunities" for investors to buy at or near cyclical lows.  30-year mortgage rates have dropped back down to their record low mark. Foreclosures also remain high, meaning that there's significant pressure on prices -- it remains a buyer's market! Those factors combined sound like a good recipe that should result in a great time to buy a home.

All recessions lead to recoveries; we are already in the beginning stages of a massive recovery now.  Home prices are stabilizing. 
The real estate market moves in approximately 20-year cycles. You've heard of buy low and sell high.  Guess what?  The "buy low" time is now!  We are in a Down Cycle. The key is to take advantage of these conditions NOW before the market takes an inevitable up-turn.
 
Don't wait till the Robin appears...


Photo Courtesy of Craig Newmark
 

The Red Robin Report:  Will housing outperform the overall economy in 2010 as we pull out of the Great Recession? 

Those who make a close study of our local housing market have made their predictions for 2010. Larry Murphy, of RealtyTrac, a respected local housing market expert, is looking at 2010 to be similar to 2006, when there was no appreciation in house values. In 2009, there were 5,184 new home closings, the least since 1985; Murphy expects an increase in sales in 2010, but he foresees a decline in the median price of new houses, which was $212,883 in December. That was a decline of 20 percent from 2008.

Resale, or existing, home sales were up 57 percent in 2009, over 2008, with 48,075 closings. The median price of existing homes was $120,000, down 25 percent from December, 2008. Median prices were $137,000 in May 2010!

Analysts, including Murphy, anticipate there will be 26,000 foreclosure homes coming onto the Las Vegas market in 2010, up a little from 23,981 in 2009, which is not the huge number others have anticipated. This steady stream would provide a two month inventory. In other words, based on last year’s sales figures, houses will remain on the market about 60 days before selling.

The median price of a bank owned house is $137,000, compared with $146,000 for a short sale. Short sales will account for 50 percent of all sales in 2011, as banks realize short sales are more profitable.

Too many new homes were built between 2000 and 2005, according to Murphy, about 50,000 more than were needed. Of these houses, about one-quarter were purchased by investors and second home owners. 38,000 homes were built in 2005 when only 18,000 were needed.

There were 230 active subdivisions at the end of 2009 compared with 350 at the beginning of 2009. In January, 2008, there were 525 new subdivisions.

Steps To Buying "Bank Owned" "Short Sale" Homes in Las Vegas:

1.)  Contact me for list of "bank owned" "short sale" homes within your budget
2.)  Get Pre-Approved or Show Proof of Funds When Paying CASH
3.)  Select Home To Buy
4.)  Submit Highest and Best Offer W Contingency
5.)  Order Home Inspection and Remove Contingency
6.)  Sign Docs
7.)  Title Records
8.)  Pick Up Keys!




Nevada's tax environment (including no personal income tax) is regarded as one of the most-business friendly environments in the nation!






           Click Panache To Get Started Now!



               









The advertisement below is NOT endorsed by Linda Strasberg.
Beware of unscrupulous counselors making empty promises and charging upfront fees.


Buying?

The Real Estate search process is typically very tedious & stressful. It's our mission to add a bit of excitement & entertainment. From REO's to Multi-Million Dollar Properties, I will exceed your real estate goals. 

I have been an active real estate agent since 1994. I have a European background and have consequently cultivated many international relationships with clients and customers in every part of the market, but I primarily specialize in the higher end of sales and rentals. My artistic aspects uniquely set me apart in helping discerning clients and customers either find their perfect home or sell quickly in a competitive market. By being centrally located, I can comfortably cover territory from Anthem Country Club, MacDonald Highlands, Seven Hills and Green Valley Ranch: Legacy & Master Series, Southern Highlands, Red Rock Country Club, Summerlin, Siena, Lake Las Vegas, Las Vegas and Aliante.

Buying? Existing vs. New Home? 
New home or previously owned? "Bank Owned" vs. "Short Sale"? That is, perhaps, one of the first questions you may ask yourself in your home search process. Perhaps you've fantasized about purchasing a fixer-upper and giving it an extreme makeover. Or maybe you've always dreamed of building a home from the ground up and making all new color and appliance choices.

For many people, choosing a neighborhood is the most difficult part of the decision to buy a home. This is true even if you already own a home and are trying to decide where to live next. When you tackle the “location, location, location” question, it’s smart to prioritize various neighborhood features, then start looking for homes in areas that match most of your criteria. Here are some things to consider:

Transportation:
Check the length of your commute to work from your neighborhoods of choice. Do streets get clogged at rush hour? Is mass transit within walking distance? In a consumer study, 79 percent of respondents said that a top priority in deciding where to live is having a commute time under 45 minutes. Seventy-five percent also wanted easy access to highways.

What’s close by:
Research nearby schools, restaurants, places of worship and parks. Seventy-two percent of survey respondents ranked sidewalks and places to walk as a top priority when considering where to live.

Costs:
In addition to the costs of mortgage, insurance and home maintenance, consider local property taxes and homeowner association fees, if applicable. If homes in your preferred neighborhoods are out of your price range, consider condominiums.

Future:
Try to imagine what the neighborhood will look like in 10 years. Will you still want to live there, or do you expect to move before then? Will it be desirable to future buyers? 

Once you’ve prioritized all your neighborhood amenities and features, you’ll find it’s much easier to focus your home search. Remember, the neighborhood is usually as important to the value of a home as what’s under its roof.

Whatever your desire, I encourage you to contact me about the choice that’s best for you. I'll help you consider your personality, lifestyle, budget and personal preferences, as well as show you both new and existing homes that may be of interest to you. I'll be happy to share with you information on numerous builders and developments in the communities that interest you most and listen to your real estate goals and aspirations in order to guide you to an exciting and enjoyable outcome!   If you would like for me to get to know you better or if you have questions, please schedule a complimentary 25 minute phone conference by dialing 702-677-8796.

In order to be eligible for the home buyer tax credits all residential transactions will need to close no later than June 30th!   

Specializing in New Homes, Pre-Foreclosures, "Short Sales", "Bank Owned",  1031 Exchanges, Income Producing Properties/Rentals. 

My focus is to offer a level of expertise by empowering my clients and enabling them to reach their long and short term real estate goals.  Whether You're Buying Or Selling Your Castle...Closings Always Without A Hassle!© 


How May I Help You...


Linda Strasberg

Realtor© GRI CRS SFR
Century 21 Aadvantage Gold

9230 S. Eastern Avenue
Henderson, NV 89123

lindastrasberg@aol.com
twitter.com/lindastrasberg
Facebook.com/linda.strasberg
Do You Have A Home To Buy, Sell, Lease?
Are You A Victim of Foreclosure? Read This Important Announcement
Schiller: Good Time To Buy A Home

www.lindastrasberg.com

702-677-8796

 


Qualify For A Short Sale...
 

  Click Cash House...
    For a FREE Comparable Market Report Of Your Home


Who Qualifies?
1.)  You owe more than your house is worth.
2.)  You lost all your equity.
3.)  You can't afford your payments.
4.)  You're facing Foreclosure.
5.)  You have an adjustable rate.
6.)  You have a job loss or other hardship.


Do You Qualify For A "Short Sale"?  Call 702-677-8796 to schedule your complimentary 25 minute telephone consultation today!


Home Finding Center...

Golfers Don't Retire...
 They Just Put Around ღ♥ღ♥¸.•*¨`*¸.• 
  



"For every seller or lender hurt by the housing bubble...
there will be a buyer who benefits.” ~ Warren Buffett

www.lindastrasberg.com











Lake Las Vegas Resort Village







Wouldn't Consider Homes
Without A Pool?




Book and Save up to 77% off on Hotel Rooms in Las Vegas

Receive Listings In Your Budget Meeting Your Criteria Via Email

The Realtors’ group says there are signs market is finally stabilizing!

For the entire year of 2009, Bank-Owned homes accounted for 71.9% of all sales and Short Sales were 11.6% Total # of sales for the year in Nevada: 48,075.


New Homes Starting at $130K
Click Here...




If you'd like to know what home values are in specific zip code,
Click Here.



Would you like to comment?