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Over the past few years, Las Vegas has seen tremendous growth in this sector with new product as well as an ever expanding Luxury Market located on and off the Las Vegas Strip.
Condo Conversions have been increasingly popular with entry level home buyers as well as Investors. There is a very wide variety of projects located around the Las Vegas Valley. I will assist you with sifting through them and target a development using your goals.
Flipping has cooled due to a variety of factors. From 2003 - 2004 outside Investors where flipping properties left and right with the buyers trying to flip them months later. 2005 brought a cooler market and 2006 inventory on the local MLS change from 2000 homes on the market in 2003 to 16,000 homes on the market in 2006.
The Luxury Market is appearing before our eyes in Las Vegas. The developers that have broke ground early in 2003 are seeing their vision change into reality. SOHO Lofts had move ins this June 06 and many others are following. Other Developers broke ground in 2006 hoping to continue to receive financing and grow skyward.
In 2009, there are high rises all around the World Famous Las Vegas Strip with owners living working and utilizing these beautiful new buildings. Sky Las Vegas, Allure and Palms Place are just a few of these fabulous buildings that are on the resale market.
For Sellers 2010 dosent bring any good news unless you have owned your property for many years or own it out right it is not a good time to sell. If you need to sell it may be Short Sale which means selling it for less than you owe with the permission of your lender. That was the short version if you need to sell and we have the experience to get your Short Sale done. Give us a call or use our contact form and we can send you an overview of what the short sale process is and how it can affect you.
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