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Posts Tagged ‘Homes for Sale in Las Vegas NV’

Purchasing a Condo in Las Vegas, Nevada

Thursday, June 17th, 2010

Purchasing a condo in Las Vegas can be one of the wisest choices you make in your life. Right now, you can score deals on condos in Las Vegas that you may never see once again in your lifetime. Prices are truly at an all time low. If you want to live in the great city of Las Vegas or just want an investment property, you should consider purchasing a condo in Las Vegas today.

There are a variety of communities to choose from, when looking to purchase a condo in Las Vegas. There are affordable options, as well as communities that offer high-class luxury. You simply need to decide which type of community you desire to live within or purchase property in. Luxury living may sound like it is incredibly expensive, but the truth is, that it can be affordable. Right now, there are many foreclosed condos in Las Vegas, and some of these condos are found within luxury communities. This means that you can score luxury living for a fraction of what it would normally cost you!

For example, right now, in communities like Turnberry Tower and One Queensridge Place, you can find deals that are unbelievable. It would be a sorely missed opportunity to not purchase a luxury condo in Turnberry Tower that is foreclosed, because the panoramic views are breathtaking. In One Queensridge Place, there is a condo going for only $300,000 that is worth over a million dollars.

There are once in a lifetime opportunities to be discovered in purchasing a condo in Las Vegas. Don’t miss your chance today!

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Selling Your Home in Las Vegas, NV

Monday, June 14th, 2010

Selling your home in Las Vegas is a great idea, even during this tough economy. Fortunately, you live in a great city that has much to offer potential buyers. If you are feeling overwhelmed by the process of selling your home in this economy, then seek the advice of this article. This article will offer you tips on how to make the most of your selling process and attract many potential buyers.

First, you should focus on emphasizing the positive aspects of the city of Las Vegas. Unfortunately, the reputation of Las Vegas as a party place filled with “sin” is all too prevalent throughout the United States. Many buyers simply are not interested in living in a place that seems to be filled with crime, gambling, and alcohol. However, living in Las Vegas, you probably know that these stereotypes are not true. You have seen wonderful families raised in Las Vegas. As part of your selling points in your home, make sure you emphasize any great schools in the area and organizations for children to be involved in. Emphasize the business prospects of Las Vegas, and perhaps even some of the top business professionals that have chosen Las Vegas as their city of residence.

In addition to dispelling common assumptions about Las Vegas, you should try to use social media as much as possible in listing your home. Be sure to use Facebook, Twitter, and other creative ways of marketing your home to buyers.

With this advice, you are on the right track to selling your home in Las Vegas.

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LAS VEGAS MULTI-FAMILY UNITS ARE A GREAT DEAL

Monday, May 3rd, 2010

Now is a great time to buy that second home in the sun, or maybe, a low maintenance lifestyle year round. Las Vegas has great deals on high rise condo’s near all the action or quiet low rise communities with everything you need right at your doorstep.

The bursting of the real estate bubble in the late 2000’s has hit every sector of the real estate market hard. While it may appear that the price decline in multi-family units has been greater than in other sectors of the market, this is only because this market saw a greater (though unsustainable) rise in prices in the early 2000’s.

As Mark Twain once stated, “Buy land, they’re not making it anymore.” Land prices in Las Vegas have risen dramatically over the past few years, so developers are building up, not out. This trend has led to the multi-family market being over-built and consequently great buys available in today’s market.

With the changing demographics, (baby boomers not needing large, suburban homes to raise a family any more) people not wanting the maintenance of single family homes, and a more central location; multi-family units should show a greater rate of price appreciation in the coming years. However, many people will be buying condos for the lifestyle as much as the investment potential. But, no matter what the reason for buying a multi-family unit, the increased demand will make this segment of the real estate market an attractive place to put your money.

Desirable lifestyle, potential good investment, and Las Vegas: Does it get any better than that?

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The Time is Now to Buy an Investment Property in Las Vegas

Tuesday, April 6th, 2010

Although the Las Vegas housing market has been through a challenging couple of years, there is no question that the time is now to purchase investment property in Sin City. Adjusted for inflation, housing prices are lower than they have been at any point in the last 23 years and are approximately 40% of the peak price. In other words, a house that would have cost $300,000 at the peak of the market can be purchased for $120,000 today. With discounts like that, how can one lose?

Naysayers will point out that the Las Vegas market is still oversaturated with inventory and that housing prices have not yet started to show any sign of true recovery, and they would be right. However, given that a home can be rented out for more than the cost of PITI (principal, interest, taxes and insurance), this is a non-factor. You can own a property today and collect a healthy cashflow stream which is well ahead of what a bank account or government bond would pay while waiting for the market to recover.

Furthermore, recovery is closer than many realize. Hotels are gradually increasing occupancy and rates. Although a number of the most extravagant high-end restaurants have had trouble, many are reopening. Some restaurants are actually increasing meal prices, as well. Since it looks like business and convention travel will return this year, the odds are that the Las Vegas economy will be looking up, as well. These factors will ultimately support the housing market.

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Multi-Family Units in Las Vegas, NV

Monday, March 29th, 2010

The idea of buying multi-family units is appealing to lots of real estate investors. There is lots of potential to make a lot of money in the long run if you play your cards right. Las Vegas, NV is a great place to buy a multi-family unit. Thousands of people want to live there, and if you purchase a multi-family property in a decent neighborhood, you have more leeway with how much rent you can charge your tenants.

Before deciding to purchase the multi-family property in Las Vegas, you need to consider the neighborhood and the condition of the property. If the property is in need of a lot of repair, but still in a nice neighborhood, it may be worth spending the money to remodel the property so you can feel justified in asking for a higher rental price. It’s also a good idea to do your homework and find out how much comparable multi-family units are renting for. This will give you a better idea of how much to charge your tenants.

The only disadvantage of owning multi-family units is that it may be a hassle dealing with repairs and general management of the property. If you’re a very busy person, you may not have time to keep the property up yourself. It may be necessary to hire someone to oversee things for you on a daily basis, and this will be an added expense. The good news is that a multi-family property in Las Vegas, NV will pay for itself over time and make a nice profit for you.

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Investing in Las Vegas, NV Multi Family Units

Wednesday, December 23rd, 2009

Las Vegas, home to all time successful and most popular casinos is a vibrant city that attracts gamblers and non gambling business visitors to the state. Las Vegas has different types of multifamily units for rent and sale, apartments, duplexes, and condos. Multi family as the name implies is the residential building with different family units in it.

Multi Family apartments are good investment for investors; these units can bring good rental yield for the investor. An investor can watch his apartments pay for itself as he rents it out or hold onto it to sell off at a later date.
Current sale price of multifamily apartments is between $85,300 – $120,000 per unit
With rental value at less than $1,000/month.
For Multifamily duplexes it’s between $275,000 – $450,000/unit.

Real Estate in Las Vegas is indeed a money pot for many investors as it continues to enjoy increase in population and job growth.

Las Vegas will continue to see an increase in visitors because of its busy life, for a new real estate investor, it will be wise to consider buying Multifamily Apartments above duplexes as it attracts more rental yield while you continue to hold onto the ownership of the house for as long as you want. There are more people to rent than to buy. You may eventually sell it off after some years, here your tenants would have helped you pay off your mortgage on it and you can sell it off even for a better price.

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Buying Multi-Family Units in Las Vegas, NV

Wednesday, November 18th, 2009

Finding a multi family unit for sale in Las Vegas, Nevada is easier than one would think. Shopping online for your future home is becoming one of the biggest things. It gives you the option of doing the search on your own time and from the comfort of your own home. If you are interested in investing, right now would be a wonderful time to get the property of your dream.

Las Vegas is home to many different amazing real estate companies that have tons of great listings for multi family homes. You can find great homes that are in the price range that you are looking for. Some of them start at 30,000 and go up from there. The possibilities are endless as to what you can and choose from.

If you are looking for multi family homes that are built with many rooms, you are sure to be able to find one that fits your needs. Most of the multi family homes are going to be coming with up to three rooms and two baths. You can find some properties that come with private parking in the rear of the building, as well as some units with a private garage.

If you are looking to invest in multi family homes in Las Vegas, rest assured in knowing that the possibilities are endless. There are many condos and other types of multi family property that are being sold at some of the lowest prices. Many companies are listing their properties on the Internet, that can be found very easy.

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Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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