CashÂ REMAINS KINGÂ in the Las Vegas Area Real Estate Market!!!Â It is important for every buyerÂ in theÂ Las Vegas Area Real Estate MarketÂ to understandÂ who their buyerÂ competition is in this currently competitive seller's market LV is enjoying!Â It is important to understand how a seller looks at each financing type:
Cash Offers:Â Generally have less contingencies and quicker close times.Â Â A cash offer may be accepted even if it is lower than a financed offer.
Conventional Financing:Â Less strict withÂ lender required repairs but larger down payments and more strict credit guidelines.
FHA/VA Financing:Â Requires more scrutiny with lender required repairs via appraisal.Â In general these take longer to underwrite and close so a cash or conventional offer looks more enticing to the seller.Â FHA Requires the deed to be seasoned for several months so some flips bought at trustee's sales are generally out as options when competing with multiple offers!
Other:Â Less common and creative financing types such as Lease Options, OWC (Owner Will Carry), etc.Â The "other" category INCLUDES auction terms!!
What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?
General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, whatâ€™s that?)Â ItÂ means that IÂ cover theÂ cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor &Â Spring Valley.Â They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.
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