Las Vegas Foreclosures
LAS VEGAS FORECLOSURES
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Las Vegas Foreclosure Properties
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Las Vegas Real Estate Foreclosures
The number of homes for sale in the Las Vegas Valley has reached record proportions, with roughly 45% of these properties sitting vacant. The aftermath of the residential real estate "buying binge" during 2004 and 2005 is now dramatically reflected in the large number of properties in foreclosure status.
With every significant market correction comes the flip-side of the coin, in the form of opportunity. Southern Nevada real estate is a buyer's market and Las Vegas foreclosure properties are a major contributing factor to this dynamic. Make no mistake about it, in-depth research and extensive experience are the keys to this segment of the market. The fact that a property is in foreclosure does not automatically make it a "great deal" by any means.
It should come as no surprise that price, location and condition are the main elements of successful foreclosure research and analysis. Comparable-sales data can often be difficult to interpret in a market that continues to decline steadily. The negotiation process itself is crucial, and provides a window into the motivation level of the particular bank involved. It takes both skill and hard work to determine a price point that is highly advantageous for the client, while also being realistically acceptable to the seller. Wasted time and senseless offers benefit no one.
Las Vegas Foreclosures for Sale
There has never been a more important time to engage the services of a highly experienced team of real estate professionals in order to maximize your Las Vegas foreclosure opportunities.
The Michelle Sterling Team at Prudential Americana Group, Realtors is standing-by at 888-349-2595. We're at your service.