THE ADAMS TEAM
Rothwell Gornt Companies
Las Vegas Real Estate Agent Robert Adams Las Vegas Real Estate Blog
For Sale Details
HOA/Maintenance $87 per month
Completely Remodeled & Upgraded
Type: Single Family House
Square Feet: 1,453
Garage: 2 Car
Year Built: 1996
Lot sqft: 3,920
Subdivision: Green valley Ranch
See virtual tour here: http://www.propertypanorama.com/instaview/las/1416100
3 bd, 2 bath, 2 car garage, zoned for some of the top rated schools in Henderson. Upgrades include: New 2 tone paint outside, new 2 tone paint inside with accent walls, granite counter tops in kitchen and both bathrooms, new bathroom flooring and custom tile showers have been completely redone, in the master bath we removed the tub and made a large standing shower with 5 shower heads, stainless steel appliances, new custom stainless steel and glass tile back-splash in kitchen, new light fixtures, new custom tile fireplace, the garage has been finished with new paint as well as an added epoxy painted floor, new landscaping in both front and rear yards including new sod and flowers/bushes, and there is more but it is just too much to list! Call, Text, or Email for more details and showings. Robert Adams 702-349-9175 RobertAdams@LVrealestateHELP.com Broker/Salesman and Team Leader of The Adams Team at Rothwell Gornt Companies.
This is a Traditional sale (NOT a foreclosure or short sale) so we can offer a quick response. The owner is a NV Real Estate Broker/Salesman Licensee.
If you are selling a bulk package of properties in Las Vegas or Henderson please let me know.
We are currently representing a cash buyer looking for 10+ condos with a purchase price of about $120k per unit depending on the current comps in the community.
Please email me any info you have on these types of deals and we will respond promptly as our cash buyer wishes to close on all 10 properties within the next 45 days.
Thank you in advance for reaching out!
I was online today and came across a group of professionals and investors discussing the Las Vegas real estate market. One of them pointed out a NEW home builder offering some extra incentives to try to sell their inventory. Here is a link to the promotion offered by the builder that was mentioned. http://www.dunhillhomes.com/wp-content/uploads/2014/01/vegas_realtor_appreciation_01_2014.html
This is the beginning of MANY new home builder incentives to come. I have been telling people New Homes are not the way to go for a while now.
On 10-17-13 I wrote:
"With inventory rising and the market setting itself up to soften in 2014, brand new homes are looking to take it on the chin again. If you are going to buy right now, BUY SMART!"
See the full article I wrote in Oct 2013 here: http://www.lvrealestatehelp.com/1/post/2013/10/you-really-want-a-brand-new-home-in-las-vegasrobert-adamswouldnt-recommend-it.html
In regards to the inventory rising, we have seen increased inventory week after week since April 2013 until December when we saw our first decline. Since December we have seemed to have hit a plateau. One week we are up and the next we are down.
There is no arguing that the volume of sales has decreased since the hay day of 2012 and even Q1 of 2013. However, those were also the days of 30% annual appreciation. NO MARKET CAN CONTINUOSLY HAVE GAINS OF 30% A YEAR AND BE STABLE. The fact is our properties were drastically under valued because of the crash. Even now that our median home price is around $185k it is still low compared to other most major cities in the US. With the low prices of 2009 to 2011 hedge funds moved in and capitalized on these low prices as they created great cashflow with CAP rates around 12-14%. This was combined with the fact that our REO inventory was cut off with laws like AB284. Hopefully, you jumped on the bandwagon and rode the wave with the hedge funds and caught some nice returns over the past few years. Now that those CAP rates are long gone most hedge funds have moved on to other parts of the country. Leaving the demand side of the market to be powered by owner occupant buyers (who were getting out bid by hedge funds) and the everyday investors.
With the demand decreasing inventory rose. However, it did not rise enough to send us into a buyer's market (yet). As of now we are in a pretty balanced market with homes selling around appraisal value. The days of selling above appraisal value and 30 offers on a property are gone. On the good deals you will still find a few offers competing but that is normal.
We have around 7,000 listing in contigent and pending status. This means people are still buying homes. The fact that inventory has hit a plateau shows that buyers are buying up properties as fast as they are hitting the market. If we maintain this equilibrium we will maintain a healthy market. The question is will we maintain this equilibrium.
My 2 cents. I hope this is helpful.
I just wanted to thank everyone that replied to my request for recommendations. I truly appreciate you taking time out of your day to help support me! http:// http://lnkd.in/bNRJTd5
Get your offer in on this APPROVED Short Sale before it goes back on the market and is available to other buyers!
I wanted to let you know about a real estate deal we have that you might be interested in. We are currently representing a buyer on a deal we have in escrow. The short sale has been APPROVED and is ready to close by 3-7-14. Our buyer has decided to cancel this escrow. If you would be interested in placing an offer on this property at the approved terms we can negotiate with the listing agent and lender to see if we can get your offer swapped out for the current buyer BEFORE they relist it on the market and make it available again to other buyers. Below are some of the property's details. This property is super clean and in turn-key condition with wood floors, cutom paint, just under 1,400 sqft, with 3 bedrooms, 2.5 bathrooms, a community pool and playground, and all the appliances are included. This Short Sale is APPROVED by the lender at $143k plus a $3k short sale negotiator fee paid to the seller's attorney.
This property has low monthly HOA fee of $50 a month and no rental restrictions in case you are an investor who would like to rent this property out.
If you are interested please give us a call for more pics and details. We appreciate your business and look forward to working with you!
FOR DETAILS AND SHOWINGS CALL:
The Adams Team at
Rothwell Gornt Companies