Todd’s tips for frustrated real estate buyers in Las Vegas: Episode #287

Today’s post is addressing the frustrated buyer and that’s the buyer whether you’re trying to buy a home to live in or you’re an investor and you’ve been disenfranchised from the Las Vegas real estate market strictly because you’ve put a bunch of offers on properties. You haven’t got accepted so you’ve given up.

Well, here’s sort of my advice. We’ve dealt with investors and home owners we’ve successfully gotten homes for and it was worth it and this is why. If you were trying to buy a home last year, it was frustrating. If you were trying to buy a home six months ago, it was frustrating. If you’re trying to buy a home now, it’s frustrating.

What that means is that in the long term, it’s good. It’s good news meaning if it was easy to buy a house, then if you could just go out, write an offer, get the offer accepted, and then that would mean there’s a lot of inventory. Well there’s very little inventory so that means there’s an opportunity. So don’t mistake your inability to get a house for the lack of opportunity. There’s a great opportunity. We’re seeing upward pressure on prices because of the low inventory. So by giving up, what are you going to do? Wait a year until there are a lot of houses or two years or three years and then maybe you’ve missed out on a bunch of appreciation where there’s not that upward pressure or you just pay more for a house that you would get right now.

So anyway, I just wanted to address the frustrated people. I’m hearing this from a lot of people that I’m not working with. They’re just saying, “Hey, we made all these offers. We didn’t get it accepted so we decide not to buy,” and I think that’s sort of giving up. You can get a house. You just have to have the right people working with you and know what they’re doing and have the right strategy to get an offer accepted rather than just throwing a bunch of low balls out there or going after the hot houses that everybody else is going after.

So anyway, I thought I would share that with you. That’s my update for today. Hope to see you on another video. Thanks.