The Goad Team's Blog

In my last blog post I discussed the idea that with the current Buyer's Market Conditions that exist in Las Vegas, we should have a tremendous amount of Real Estate Investors pouring into Las Vegas.  Well we are in the beginning stages of an influx of investors heading into the Las Vegas market.  We have been placing offers on behalf of some of our Real Estate investors on REO and Foreclosure homes on the market, and in some cases our clients are not getting the properties due to MULTIPLE OFFERS MADE ON THE SAME PROPERTY.  This is a phenomenon that I have not seen happen since the Las Vegas Real Estate Boom in 2004/2005.  Granted the properties we were making offers on where price lower than market value (sometimes as much as 20-30% below market value) however again keep in mind that multiple offer situations have been unheard of for the last couple of years.

Why are investors focusing on Las Vegas during the current Real Estate crisis conditions?  Here are just some of the reasons...

• Las Vegas currently has the 5th fastest rising rental rates in the nation.
• Most investors know that historically Las Vegas bounces back from economic hardships faster than any other part of the country.  For example: Much of the United States took 2 years or more to recover from the economic disaster created by 9/11.  Las Vegas recovered in approximately 1 year.
• It is estimated that between 180,000 and 320,000 new jobs will be created in Las Vegas by 2010...more jobs equals more housing needs.

If your interested in cashing in on the current market conditions, and would like to start investing in your future...be sure and visit out Foreclosure Web Site www.LVInvestorForeclosures.com or www.LVDeals.com