Southern Nevada Real Estate Blog

If you are looking to buy a home in the Las Vegas area soon, you are in a great position. With the large inventory of new and resale homes in the area, your leverage as a buyer has never been greater. Builders and sellers are at a disadvantage when it comes to negotiations. There are many great incentives available through new home builders, and seller contributions are becoming the norm in today’s local real estate transactions.

The influx of foreclosed homes and short sales on the market is causing the average seller to become more realistic about the price they are asking for their homes. As well as the banks with they’re swelling inventory are much more open to negotiations then they were a few years ago.

Next,  interest rates are at hovering around all time lows making payments verry affordable. And even though lending guidelines have tightened substantially, there are still many good programs available to first time home buyers and buyers with good credit.

Forbes Magazine just listed Las Vegas as one of the ten cities in the country where it makes sense to buy now. The article bases its findings on housing stats that show housing inventories and sales rates in markets that are experiencing declining prices. But because there is likely going to be an increase in sales, there is a good opportunity to buy now.

The Las Vegas economy remains strong- with great job growth, constant progress and construction, and one of the fastest growing populations in the country.

No one really knows where the bottom of the current real estate market is. But I believe now is the time to buy in Las Vegas. Once the market starts to turn it will happen fast, and once it does happen your negotiation power as a buyer will be greatly minimized. You basically know what you have in today’s market. You do not know what tomorrow may bring, so if you have been on the fence waiting for the bottom it may be time to take the leap of faith and get out there and take advantage of this tremendous buying opportunity.

Thats all for now, please visit the ItsSold.com  website to view thousands of new and resale homes in the Las Vegas area.