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Posts Tagged ‘Selling Your Home in Las Vegas’

Multi-Family Homes in Las Vegas, NV

Thursday, June 17th, 2010

Multi-Family homes are a great option for people considering the move to Las Vegas. Often, many families have concerns about living in Las Vegas, and rightfully so, considering how the media portrays Las Vegas as “sin city.” Yet, Las Vegas can also be a great place to raise children, even with its “sin city” stereotype. This article will outline the reasons to consider purchasing a multi-family home in Las Vegas.

First, the sense of community you can find in multi-family homes is undeniable. You will inevitably bond with the other family or families living in a multi-family home, if you so desire. If you do not want any contact with the other families living in a multi-family home, this can also happen. However, many people like the idea of living in a sort of supportive community. In Las Vegas, you may want to live with another family to support you in your values or your religious beliefs. If you believe in things contrary to the pop culture of Las Vegas, another family may share those same beliefs and want to raise children in a values-oriented atmosphere. This is a great way to make living in Las Vegas a positive experience for your family.

Another wonderful reason to purchase a multi-family home is because Las Vegas is poised for success right now. Investing in one of these homes could pay dividends in the future, when Las Vegas experiences a high influx of people moving to Las Vegas. You may be able to sell your share of the home for well over what it is worth now.

Selling your Las Vegas Home Without Losing Your Shirt

Thursday, February 11th, 2010

Let’s face it: if you own your home in Las Vegas you are probably taking a beating. If you can hang on until the market improves, DO IT!

If you are reading this article however, you may not have a choice. A job opportunity, debt management, or other lifestyle affecting issues may be in play. So if you must sell now or in the near future, here is a technique you may not have thought of.

First, in order for this to work, you must be flexible and the home must still be furnished. It must be in decent shape, with not major defects or obvious repairs needed.

The challenge to selling your home is the glut of available living space, so getting noticed is difficult, and getting a good price is even harder. So our strategy is to focus on providing a service, and using convenience as a selling tool. What you do is take stock of the casinos and large employers closest to your home. If you know someone who works there, reach out to them for an introduction. Failing that you call the main number.

Ask to speak to the person who sources short and long term residency for relocated workers. Let them know you have a furnished property available for short and long – term lease at below market rates. Try to get enough to cover your mortgage but don’t get greedy. What you are looking for is a new employee to live there for two or three months. You then reach out to them and let them know they can lease to own your home, and you will let the three months rent paid count as the down payment.

If they like the place they will rather stay than move, and as long as your price is in line with other properties, you should have no trouble selling. And if not, at least you covered the mortgage for a few more months and can try again.

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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