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 idea, and don’t really care….just happy for this new trend!!  If you are out there, making cash offers on properties, don’t be surprised if the Realtor doesn’t act overly happy and excited when you say “I HAVE CASH!” because right now, SO DOES EVERYONE ELSE!!!

Of course, as with all good things, there is a down side….all those other people who need to get a property financed!  What about all those hard working, blue collar, regular Joes, who want to LIVE in a house???  They are having a tough time getting a property, usually due to a cash offer!!  For them, foreclosures have just become a complete waste of time…causing them nothing but stress and heartache!  Doing an FHA or VA loan?  Even harder…..usually takes longer to close and includes alot more  red tape!!!  If you are trying to purchase your American Dream, take some time to learn the market….what kind of offers are being considered?  Is the listing price realistic for the market, or are they pricing below market to entice a bidding war?  Listen to your Real Estate Professional!!!  They are trying to educate you to make your Dream come true!