Agent2Agent in Las Vegas>Question Details

Sharon Go,  in San Francisco, CA

Agents: If you have any great success stories of helping home buyers find great deals on homes, please share!

Asked by Sharon Go, San Francisco, CA Thu Apr 23, 2009

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About 2-3 years ago I had the privilege of helping a young family relocate to Las Vegas. They were moving here from the mid-west and wanted a clean home priced within their budget. It was not the right time for them to buy and they were comfortable paying the rent at $1100/month. To purchase the same home would have been around $2300/month. So I helped them find a nice rental home and they were happy.

About 2-3 months ago I sent out an email to all my past clients giving them an update on the market and inviting them to contact me if they were thinking of buying or selling. The next day I had an email back from this family who explained they had recently had another baby, were outgrowing their current rental home and in fact had been thinking the time was right to purchase a home.

We soon found a former model home which did need a coat of paint and new carpet, but was otherwise in great condition with granite counters, upgraded cabinets and tile flooring in the kitchen and hallways. We got our offer in quickly after the home came on the market and were in contract at a price lower than had ever been seen in the neighborhood. Even I was amazed to see homes selling around $60 per square foot. It was a bank owned home, so it took about 45 days to close and now their family is enjoying a 2500 square foot home with room to grow into for around $1300/month which is what they expected to pay had they rented a home of that size.

...and I'm looking forward to sending them a reminder at the end of year about the $8000 tax credit they have coming to them!
2 votes Thank Flag Link Thu Apr 23, 2009
Sharon,
Buyers are in the Las Vegas Valley are purching homes at a fraction of their previous value. Home values have plummeted and current pricing is equal to the pricing in the very early 2000's (pre boom). Almost every buyer with great representation in a knowledgable and experienced real estate agent is getting a great deal. There are thousands of them occuring each and every month.
Kim Mantle
Coldwell Banker Premier
1 vote Thank Flag Link Thu Apr 23, 2009
@ Damon - Great story! I'd love to speak with you more about it. Email us your contact information at pr@trulia.com.

I look forward to speaking with you soon!
0 votes Thank Flag Link Fri Apr 24, 2009
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