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![]() Glenn Plantone - ArticlesGlenn Plantone is a real estate investment expert and licensed real estate agent in Las Vegas, NV. He is also the founder of the Real Estate Insider Club of Las Vegas. You can learn more about real estate investing by visiting our website at www.worldbuilds.com.
Mind the GapThe current Las Vegas market has brought about a gap between supply and demand, as well as between bank-owned foreclosures and prices that owners can list their homes. How this can mislead perceived benefits of the market dynamics. Short Sales vs. REOsExplaining the differences between short sales and REOs as pertaining to the position of a buyer or from the position of a seller. As well as the benefits in the present and changing market with future credit score/buying power addressed. Trustee's Sale Becomes Best Buying Option as Home Prices Rise in SeptemberRecord home sales numbers continue in the Las Vegas valley as investors scramble to acquire properties for pennies on the dollar. As demand increases, supply of foreclosre / REO homes is decreasing. As a result, September saw the first median home price increase in Las Vegas in over two years. The best place to acquire low priced investment properties is the trustee's sale...where prices are discounted 20% off already low REO retail values. Short Sales IncreasingTime for seeking REO's is being eclipsed by the increasing benefits and inventory of short sales in Las Vegas. Shrinking Inventory Necessitates New Buying StrategiesShrinking inventory of bank owned REO properties in the Las Vegas real estate market is creating bidding wars that are making it difficult for investors and owner occupants to purchase properties. Savvy home buyers are having to look to alternate methods, such as the trustee sale, to acquire wholesale properties. Will Cash Flow For CashProperties are now cash flowing in the Las Vegas valley for the first time in over a decade. Investors are moving back into the market as properties are now selling for less than half of their list prices from only three years ago. Closings reached record highs in June and July, 2009. False Bottoms - Or When the Tail Wags the DogWe all know that the real estate market collapse triggered a much larger economic downturn. But as we watch real estate markets across the country reach their bottom does that mean that the general economic malaise will also turn around? Can the cause also be the remedy? The Bottom of the Las Vegas Real Estate Market Has Arrived!Although the national news media isn't reporting it yet...we have finally reached the bottom for the Las Vegas real estate market. Three key factors used to identify a market bottom have all been met. This is possibly the best time to purchase real estate since the Great Depression. How to Buy ForeclosuresForeclosures have exploded across the United States, especially in cities like Las Vegas, and they can present an excellent buying opportunity for investors. However, it is important to understand the several stages inherent within the foreclosure process and the best time to buy within those stages. Auction of MGM Signature Towers Sets New Record Low Comp ValuesSales prices and comps on high rise condos in Las Vegas have been steadily declining for the last two years. The auction of units at the MGM Signature towers created new low comps for these high end properties. This may signal a great buying opportunity for second home buyers as well as real estate investors.
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