Todd gives a tour of one of his listings on a golf course. This is a great deal and eventually sold for $130,000 because of Todd’s pricing strategy to get it into a multiple offer situation. This ended up being the highest sale price in the neighborhood within the last year. Many areas of Las Vegas are seeing prices of real estate drop dramatically, while some real estate values are stable or rising.
Oana inspects one of her new bank listings that needs some work before we can list in on the MLS. This is similar to the condition of many homes that we get from the bank.
Todd does a walk through on a new listing from the bank. This home is in relatively good condition and ready to go on the market.
The Las Vegas real estate market is littered with homes like this and the market is slow to absorb them.
This is a bank owned home in Henderson and this is the first day that we got the assignment. Fortunately it had been listed and there was a lockbox on the house so I could get in.
Foreclosures have hit all parts of the Las Vegas real estate market including places like high-rises building like Trump, Panorama, Turnberry, and MGM’s condo-hotel. This home is in better condition than most of the REO properties that we normally get assigned from the banks.
Todd performs a weekly inspection on a property.
This home is typical of an REO property. Much of the Las Vegas real estate market is being hit with foreclosures and many of the homes are trashed.
This home is no exception.
Todd goes out on a property inspection of a Fannie Mae REO that has been recently renovated. Many of the Las Vegas properties have been renovated by Fannie Mae. The Las Vegas real estate market has been hit hard by foreclosures and Fannie Mae is the largest owner of properties in the Las Vegas area.
