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The last year or so has been a challenging time for home sellers in Las Vegas. As demand receded after the investor invasion, public perception that prices were dropping caused buyers to stay on the sidelines, waiting for prices to hit bottom. The problem with that thinking is, who knows where the bottom is?
Truth in real estate is that perception creates reality, so when prices started dropping from lack of investor demand, it created a new perception, and prices continued to drop.
Although the market is starting to pick up as of this writing (Feb. 07), many buyers are still on the sidelines, waiting, and they are making a big mistake. Why?
Because we are a bubble within a bubble. As the rest of the country's bubble bursts, we in Las Vegas are likely to be insulated from further drops in value by a constant influx of out of state buyers.
Our steady job growth and low tax base wil continue to make Southern Nevada attractive to out of state buyers seeking a better life.
So what can home sellers here reasonably expect? A slow and steady increase in buying activity, as those home buyers waiting for values to drop suddenly realize any possible gains they might make will be wiped out by higher payments caused by rising interest rates. See our FREE REPORT on interest rates.
Local builders are all slowing down as well, and this is good news for home sellers, as reduced pressure from new homes will make resale homes more attractive.
So make those few improvements you been putting off, get the place cleaned up and get it on the market. And don't call one of the big names and pay 6 or 7 percent to list your house.
Call us. We'll list your home for as low as 3.9%. Contact us for details.
It's true, We Work For Buyers, and we'll do that by making them a great deal on your house.
To discover what your home is worth in today's market, click here! |
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