In this market, understand that low ball offers will not fly. As of today, there are 20,142 single family homes on the market in Las Vegas. 8,349 show available (1688 are bank owned). Out of the 8,349 that are available, over 50% have already received multiple offers that the seller/lenders is deciding which one to take). With that little inventory, the market is very competitive.

So, no lowball numbers. Don't ask for closing costs as an investor (you won't get them). Make sure your agent tells you the truth. You usually only get one shot to make an offer so write you're highest and best meaning that if you lost it to someone who bid $1 more for the property, you'd be okay with it. Banks are seldom coming back or countering except in the case of short sales, and then only to the one offer accepted by the actual seller.

Have your ducks in a row. Know what the comps are. Know how much you're willing to pay. Have your prequalification letter or proof of funds ready to submit with your offer. Be prepared to be outbid a few times.

Heather Peck
Rosen & Company West
702-595-7380
LasVegasExpert@yahoo.com http://www.HeatherSellsVegas.com

To have an aggressive and knowledgeable agent is one thing also to follow their advice when you are putting an offer is another. We are hustling and working 24/7 with these banked owned properties so we already have an idea of the reasonable price based on market report and comp.( comparative market analysis)

Fariba Raouf CRS.BA.BS
Prudential Americana Group
702-296-1883
buyvegas@cox.net

Find yourself an agressive and experience licensed Realtor. Penny O