Hard times for Hi-Rise lender

The Starwood Capital Group recently purchased several high-rise properties in Las Vegas through U.S. Federal Deposit Insurance Corp.’s asset auction of Corus Bank, a unit of Chicago-based Corus Bankshares. This deal is expected to have a huge effect on  Southern Nevada’s luxury condominium market because of the scope and scale of Corus Bank’s local financial [...]

November 11, 2009 7

Garth Brooks bets on Vegas

Superstar country singer, Garth Brooks, was lured out of semi-retirement by the casino mogul, Steve Wynn.  By giving him a large paycheck together with perks, Garth Brooks have agreed to sign a contract to take a five year weekend residency and shows at the Wynn Encore in Las Vegas starting on December 11.  This summer, [...]

November 11, 2009 0

The buyers are back

Property investors are now slowly returning to US real estate market although there the project are smaller compared to the big projects they got years ago.  According to the experts, investors who has extra cash and are willing to take risks are taking advantage of the opportunity while the prices right now are still low, [...]

November 11, 2009 3

Mayor Oscar Goodman Speaks to a packed house.

This October, the mayor of Las Vegas, Oscar Goodman was invited as the keynote speaker of the Las Vegas Real Estate Insider Club.  The house was packed during the said event and unfortunately, some of the guests that have not pre-registered was turned away due to the space constraints of the top floor of the [...]

November 11, 2009 4

Old School..Rent Vs Buy

In todays market the question actually seems to come up more often than before..”Is it better to Rent or Buy”? Even with the great loss in home owners equity the answer hasn’t changed. Let me explain. Most people who are renting only consider the difference between the amount of their monthly payment vs the amount [...]

November 11, 2009 1

Positve News – Realistic?

The local Las Vegas Market has had some positive air time from GLVAR and local news channels about the number of homes being sold and the rise in prices of nearly 2%! Prices rising for the first time in many months. The buyers seem to be primarily new/first time buyers and investment groups and the [...]

October 26, 2009 3

How many offers does it take to get to the center of a foreclosure?

The Las Vegas Real Estate Market has seen a jump in the amount of buyer’s actively looking to purchase!!!  Great news…..or is it?????  The public seems to be under the impression that Las Vegas is still a buyer’s market; well people, I’m here to tell you don’t believe everything you hear!!  There are alot of [...]

October 21, 2009 15

The “I HAVE CASH” offer…..

Seems like every buyer in Las Vegas today has CASH!!  As a Realtor who specalizies in listing short sales here in Las Vegas, I can’t believe the amount of people who are buying properties with CASH!!  I could sell 50k condo’s all day long!!  Where are these people getting all this money????  I have no [...]

October 20, 2009 2

Mother In Laws and Short Sale COE Signings!

Recently a client called from a sale nearly 13 months ago. He had waited thru the process of a Short Sale and purchased a great property for about half the price..deep corner lot with a Casita located in the back corner..backed up to a school/park. On the day of signing he and his wife anxiously [...]

October 19, 2009 2

Short Sales – Worth their “Wait” in gold!

The Las Vegas housing market has seen a lot of short sales lately!  Why would a buyer think a short sale is worth waiting for months on end for the seller’s lender to approve the deal?  Well, several reasons…..at least in Las Vegas!!  With inventory down on foreclosures, the competition to get these homes has become overwhelming [...]

October 19, 2009 5