Property Q&A in Las Vegas>Question Details

Kevin Keenan, Home Buyer in Outside U.S.

Special circumsatances and interested in buying in Vegas

Asked by Kevin Keenan, Outside U.S. Sun Jan 4, 2009

Living overseas, but spend summers back in US, usually vacationing and/or visiting family/friends for months of June and July. With all I've been hearing about economy and real estate prices, thinking seriously of buying place, with Vegas top of short list of locales we are considering, as relatives in the area and it is an area we enjoy.

Further thinking of finding a place we could treat as investment/rental to students/snowbirds/vacationers most of the year, and then use as our home base while stateside during the summer.

Ideal would be 3 BR, 2 or 2.5 bath, townhouse or single family, decent neighborhood. Price range 150-200K.

Anyone have ideas, suggestions, or advise on feasibility of such a plan and kind of property we can expect to see when looking on upcoming trip there?

Thanks to any and all with input.

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This question is about this property: http://www.trulia.com/property/1067179683-4754-Portola-Vista…

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Answers

3
Hi Kevin,

It sounds like you are very reasonable with your expectations. That is great! With the price range that you quoted, you shouldn't have any problems finding what you are looking for in this current market.

I have dealt with many out-of-state and out-of-country buyers with their investments and home purchases. I would be happy to be your local Realtor for the Las Vegas area. I do a lot of legwork for my buyers so they can go through the entire process much more smoothly. I would begin by putting you on an email list of some great areas with some great properties that match your criteria. I can also help you get set up with a lender that will approve you for a loan if you decide to finance. Please email me or call me as soon as possible so we can get started right away. My contact info is below. Hope to hear from you soon!

P.S. I am a full-time Realtor and am very familiar with all types of transactions. I have my own techniques and strategies when negotiating that will benefit my buyers and give them the advantage.

Len McGuirk
Prudential Americana Group
Cell: (702) 203-6688
LenM@AmericanaGrp.com
0 votes Thank Flag Link Sun Jan 4, 2009
KEVIN,

THE PROPERTY THAT YOU REFERENCED IS A REO OR BANK OWNED. THIS HOME APPEARS TO BE A GOOD DEAL. THERE ARE MANY OPPORTUNITIES IN LAS VEGAS AND IT IS ALWAYS ADVISABLE TO CONSULT WITH A REALTOR® WHEN NAVIGATING TODAY'S MARKETPLACE. IF I CAN BE OF ASSISTANCE CONTACT ME; I AM COMMITTED AND AVAILABLE TO HELP YOU EVALUATE TODAY'S OPTIONS!

Good luck,
Bill Johnson
Realty America
(702) 553.6543
bill@JohnsonVegasHomes.com
0 votes Thank Flag Link Sun Jan 4, 2009
Hi Kevin,

Your goals are entirely realistic. Inventory is at a high, and prices are as low as ever. I would suggest choosing 1 Realtor to set you up on an automated MLS search so you can review available properties. Make note of type of sales such as: Repo, Foreclosure, REO, Short Sale etc. so you know what you are dealing with. Las Vegas Short Sales can be a great value, but take time, patience and knowledge in the area (your agent should have the knowledge that is). Las Vegas Foreclosures are very common, and can also be amazing deals. That being said, there is a buyer pool here in Vegas that tend to view and bid on the same foreclosures causing the list prices to go up in bidding wars.

Make sure you have a pre-approval letter (unless you are paying cash) ready as any offers you make, and most real estate agents will request proof of qualifications.

Visit our website to search the Las Vegas MLS at your convenience: http://www.theballengroup.com. We are available at 702-604-7738 or by email: sold@theballengroup.com.
0 votes Thank Flag Link Sun Jan 4, 2009
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