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Posts Tagged ‘Homes for Sale in Las Vegas’

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!

A Vegas Style Condo

Tuesday, May 25th, 2010

An ultra chic condo located in Las Vegas is the way to go if you are trying to find a place to live in Las Vegas. Whether you choose to rent a condo or purchase one of your very own, you will have a wide variety of condos to choose from. If you are not ready to purchase a home just yet, consider renting a condo in Las Vegas. Depending on what you require in your condo, the rent will start out in the nine hundreds each month and go well into the thousands. The closer you require the condo to be located to the glamorous Las Vegas Blvd, the more you can expect to pay in rent. You may actually be at a point in your life where you are ready to purchase property, if this is the case consider buying a condo along Las Vegas Blvd. If you are not planning on living in the condo all year, you can use it as an investment property and rent it out to tourist when you are planning on going away. Purchase some nice stylish furniture and place it in the condo, it will not be hard to rent it out. The price of the condos will vary. Just like renting an apartment, the closer you are to the Las Vegas Strip, the more your purchase price will be. Consider purchasing a place in the fabulous Allure condominium towers that over look the strip. There are 41 floors, with this kind of view you can see all over the strip.

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?

Selling Your Home in Las Vegas, NV

Thursday, April 15th, 2010

If you are selling your home in Las Vegas, don’t expect a quick sale. There are currently so many homes on the market due to the number of people that have walked away from their properties. This housing crisis has created an even larger market of homes for sale, which means that sellers should anticipate a longer time between the time the home is listed and the closing date.

The good news for seller is that there are programs that are encouraging buyers to buy. This is good news if your home is priced within a range that will attract first time home buyers or individuals who are downsizing. If you are desperate to sell, consider lowering your price below market value to encourage buyers to look at your property.

Even though it is not necessarily the best time to sell a home, there are still homes moving in the market. The most important thing is to make your home marketable. Create an inviting environment that interests buyers and offer allowances for expensive updates if necessary or even offer to pay closing costs if it is viable. With these enticing offers, buyers will be more apt to actually look at your home, which gives you a better opportunity to sell.

The market in Las Vegas is down, just as it is everywhere else. Don’t be discouraged if you are selling your home, because there are still buyers who are looking for their dream home, and yours just may be it.

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.

Multi-Family Units in Las Vegas, NV

Thursday, February 18th, 2010

I have done my research and have found many multi-family units currently available in the Las Vegas area. Prices for 4 unit buildings seem to range from anywhere around $1,400,000 for the very classy units, down to about $250,000 for less desirable properties.

For example, there is a high-end 4 unit complex with two 2br/2ba and two 2br/1ba units around the Hwy 15 and East Tropicania Ave area. It is currently listed at $1.4M and is listed by Victoria Lackey of Members Real Estate Services.

For something less expensive but still relatively nice is a 4 unit with four 1br/1ba units going for $695,000. This property is located around the Hwy 15 and 515 area. It is listed by Century 21, and I have noticed they do have several other multi-family units currently listed as well.

If you are looking for something that is going to cash flow I would suggest taking a look at some of the several four units currently available in the $300,000 price range. My top pick after doing some research would probably be a property located at 771 Palo Verde Cr currently going for only $290,000. This property has a total of 4576 sf and features 5 units. It has one 1br/1ba unit, two 2br/1ba units, one 3br/1ba unit and one 3br/2ba unit. Seems like this property would cash flow very nicely and is currently listed with Alliance Properties.

If you are looking for a good resource for more properites I would consider going to realtor.com because they have many multi-family properties listed there.

Some Thoughts on Investment Properties in Las Vegas, NV

Monday, December 21st, 2009

The idea of finding investment properties in Las Vegas, Nevada is an idea that is based on solid ground. The number of foreclosures and the generally down market on the Vegas strip can indeed land you a great deal on some fairly prime real estate. The truth is that you may find a commercial property for seven hundred and fifty thousand dollars in a key Las Vegas location if you find a real estate developer desperate enough to sell it to you. Las Vegas Mayor Oscar Goodman is also likely to give a tax credit to any businessperson who starts a job creating enterprise, whether we are talking about setting up high rise apartments or a shoe store where all the kids likely to get the latest fads as an investment.

Goodman has continued to move forward with his revival plan in order to entice buyers to look at investment properties in his city. The mayor wants to set up a new football stadium in the city of Las Vegas. He also plans to center that new stadium around museums, retail stores and restaurants. The football promise and the attraction that a professional sports team can bring to a city is something that Goodman thinks will entice investors to look at building those commercial properties such as strip malls and restaurants. It is key to economic revitalization in Las Vegas.

Goodman has also been talking to private developers about how building a new Mayor’s office in order to do business in and broker deals could get the economy kicking again. The truth is that you need to get three or four casinos in North Las Vegas booming again if you want to see people buying investment properties there.

A Quick Overview of Investment Property in Las Vegas, NV

Friday, November 6th, 2009

The economy has affected the country in many ways and many people have lost their homes. This leaves an opportunity for others to invest in real estate by buying cheap property and reselling it at a handsome profit.

Las Vegas’ reputation as “America’s Playground” will always keep it on the forefront of conversation when it comes to where to purchase investment property. There is also an Air Force Base located there and it is one of the largest bases in the country so there are a lot of Federal employees located there. Rental prices will never be a problem because of the demand for apartments, houses, and condos is so great, people do not question the price of rent.

There are housing cooperatives which are official associations that own real estate in residential buildings. Each unit in these buildings are independently owned and the coops own the common areas of each building. Shareholders own these coops. This is common practice in Las Vegas and there is a lot of money to be made for those who own the shares in these coops.

There is no bad time to invest in property in Las Vegas if the price is right. There will always be a need for homes and apartments in Las Vegas.

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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