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The Window of Opportunity

As we go into the holiday season, there is an opportunity for home buyers in Las Vegas Real Estate market. December has always been the slowest month for home sales here and it looks like this December will be more of the same. We are already seeing a slow down in home showings which is normal for the week before Thanksgiving. If you are already approved for a loan or plan on paying cash, now would be a great time to put in an Offer. It is nothing more than the supply and demand principle. The supply is high and the demand is lower over the next 6 weeks. Here are a few tips that could save you thousands. Have your real estate agent email you all recent comparable sales in the subdivision of the home you are interested in. Comparables need to be 6 months or newer to establish current market value. Make your offer the highest and best you are willing to pay. Let the seller know this and be willing to walk away if not accepted. The real bargains right now are in the 400-800 range. There are fewer buyers than homes on the market. You will see homes sell for as much as 50,000 below appraisal. Las Vegas homes are still considered undervalued by todays standards so your chance for equity is high. Dont make unrealistic offers, “Low Ball” that could insult the seller. Put yourself in the sellers position and make the offer reasonable. There will be less buyers looking for homes in the next six weeks so you will have an advantage. The timing is great, good luck.



This post first appeared on Las Vegas Homes MLS Search, please read the originial post: here

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The Window of Opportunity

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