Warning Do not read! Important information!

Warning Do not read! Important information!

All over the Nation there have been talks of a troubled housing market, the subprime turmoil, and an extremely large inventory of homes that are beginning to remain on the market for longer and longer. Don’t be mistaken by this market because it can be a blessing in disguise for qualified buyers . Let me explain because i can already hear some of you saying ‘ yea, sure this is a good time to buy if your an idiot” but that is not the truth. The truth is if you have everything in order as far as finances are concerned then you could quite possibly buy the home of your dreams for a fraction of the cost.

Just today i received a notice from a seller who is moving and would like to sell her beautiful home but in order for her to compete she has had to lower her price on dramatically. Her home is located in Southern Highlands which is an exclusive community here in Las Vegas that provides residences the feeling of a true luxury suburb in the heart of Las Vegas. Homes in this development have been selling for over $600k with hardly any up grades, but this woman is forced to compete in this competitive market because she has to relocate because of a job. The home is fully upgraded with everything you could imagine, tile floor, granite counter tops, 3 car garage, mature landscape, an office, and most of all a fabulous pool with fountains. This is definitely a bargain for only $575,000 considering it was appraised last week at $650K. Some of you may be asking yourself “if there is a catch and is this really a nice home or what” but the truth is these are the lengths people have to go to in Las Vegas to sell their homes in this kind of market making it absolutely fantastic for qualified buyers to come in and purchase deals like this all day long. Suppose you weren’t interested in living in this home and just wanted to turn a profit by getting this home, you better believe you can considering there are homes in the same neighborhood that are currently for sale for more that $575K with less in the way of upgrades. You could go into contract with this home at $575k and before you close you could have a buyer already lined up to purchase from you as soon as you close which in turn could make you an extra $40k to $100K in profit. Now thats a good deal to me. All pictures featured in this post are of the property mentioned in the post, for more info on this property or other good deals in Las Vegas click here