2009 LAS VEGAS HOUSING OUTLOOK

BUY, BUY, BUY!

The following are some excellent buys from recent completed transactions. The valley is full of opportunities for almost every buyer with a combination of historic low interest rates and unbelievably low home prices provides a win win situation for a 1st time home buyer or investor. Some REO's (bank owned homes) are providing up to 4% for closing costs making it very affordable and easy to get into a home of your dreams. NOT all REO's are in bad condition, many are in excellent shape and ready for move in with great upgrades galore.

Previously sold in February of 2005 for $353,000. My client bought it for $185,000 with $7,400 seller contribution towards closing costs in Mayof 2009. Home has over 2,000 sqft. of living space and staggered tile design through out very open, airy floor plan. Comes with a beautiful sparkling pebble tek pool in the backyard, a truly a great buy.

Previously sold in August of 2005 for $515,728. My client bought it for $255,000 with $8,925 seller contribution towards closing costs in February of 2009.

Previously sold for $800,000 in June of 2006. My client bought it for $375,000 with $14,600 seller contribution to closing costs in January of 2009.

 Previously sold for $351,855 in January of 2007.  My client bought it for $220,000 with $8,800 seller contribution towards closing costs in December of 2008.

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