Is it still a buyer’s market today in Las Vegas?
As experts in the Las Vegas real estate market, we get asked this question a lot.
The answer isn’t as simple as yes or no. The state of the market for buyers in Las Vegas is always fluctuating, so pinpointing the right answer isn’t always easy.
First off, it really depends on the property type and location.
Single-family homes in great locations that are priced well have been flying off the shelves. Seems like the perfect scenario, right? You must have:
- A great location
- It must be priced well
- People must seek your type of property
If you don’t have EVERYTHING someone wants/needs, they may completely overlook your property. However, in a buyer’s market, there is always going to be SOMEONE looking at your property.
There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are a hot commodity. Right now, sellers with a highly desirable property are in control of the market.
Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago. Do you want to take the chance of your buyer falling out of escrow at the last second?
Cash buyers have been entering the market and absorbing properties left and right to help combat the financing struggles. We are a leading professional home buyer in Las Vegas, paying ALL CASH for properties. We’ve seen many scenarios over the years and are here to help you sell your property.
We Can Help.
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in many directions at once.
We’re investing in Las Vegas because we believe in the community and the people here.
If you need to sell a property near Las Vegas, we can help you.
We buy properties like yours from people who need to sell fast. We pay cash. We cover your closing costs. We take care of YOU. Let us help you!