SEPTEMBER MARKET CONDITIONS Here are September's market conditions for our Las Vegas market. Inventory is increasing slightly. Prices remain stable. Short sales continue to dominate the market. We expect inventory to continue to grow as demand has decreased somewhat. Stay tuned with us and get the latest updates on the Las Vegas housing situation. Continue Reading
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August Market Conditions
AUGUST MARKET CONDITIONS Here are your August Market Conditions. Inventory is slightly increasing in the market. Activity is also slightly off since the tax credit incentive expired. Short Sales continue to dominate our market. Continue Reading
July Market Conditions – Selling Market?
While pricing remains stable, inventories have grown since the removal of the federal tax credit. We are stil selling to those that were not eligible to those that were not eligible for the tax credit but the demand has decreased. Short sales are dominating our selling market. More buyers are willing to wait the extended periods it takes to close for those selling. Investors are still seeking Continue Reading
June Market Conditions
While inventory remains tight and low, lenders and appraisers are keeping prices low as well. Activity is still strong. Inventory levels indicate a seller's market but pricing continues to favor buyers. Continue Reading
The Contingency Tales
The meaning of the word "contingent" with regard to a real estate sale has changed dramatically over the years. Originally, when I first started selling real estate the term "contingent" was used when the house was sold "contingent on the buyer selling his existing home". These buyers could be "bumped" from the transaction by a buyer without a home to sell. There was usually a "first right of Continue Reading
Modern Conveniences May Not Be So Convenient
In real estate, we have come to rely on our computers and our cell phones to facilitate our business and respond quickly to our buyers and sellers. Sometimes, they let us down and we are lost!! Last week, an agent wanted to show one of my listings without a lockbox. It is in a highrise so we need gate clearance and access through the concierge to lead the agent to the right elevator. The agent Continue Reading
Professionalism in Short Sales
Years ago, when the world was in balance and real estate agents were in step with each other, an offer was written for a client and then presented to the seller. The offer was either accepted, rejected, or countered in a timely manner. Everyone knew what was going on and the clients viewed the agents as professional, responsive, and knowledgeable. Now that banks control a large portion of our Continue Reading
Open Letter to Buyers In Las Vegas
Hear ye, hear ye!! For all those buyers looking for property in this crazy market, believe the cold, hard facts!!! FACTS Believe that there are multiple offers! Believe that you are not the only buyer paying cash. Over 50% of the sales are cash. Make an offer TODAY if you like the house. It will not be there tomorrow. Real estate agents only get paid if the deal closes. They want to Continue Reading
Another Client Testimonial
It is so rewarding when we receive client letters from past and current clients chronicling their experiences with our team. It is the reason we do what we do and we wanted to share the letter we most recently received. Please click the following link : Client Testimonial Continue Reading
A Client’s Testimonial
February 3, 2010 Harvey Blankfeld Brown, Blankfeld & Associates 7475 W. Sahara Ave., #100 Las Vegas, NV, 89117 Harvey, Christina & Administrative Staff: I wanted to write this letter now that I have had some time to reflect on the sale of our property on Pine Leaf. I don’t think I had told you at the beginning of our effort to sell our home, that I believed that I did not need a Continue Reading