What is a good deal in the north las vegas market?
Rick, You asked what a good deal is in North Las Vegas and how low can you offer. Right now we are seeing everything you can imagine. Some of the foreclosed properties are already 25% lower than market prices (sometimes even more) and will still take even lower offers. We are seeing the banks really coming around and wanting to unload the properties. That being said though, we have a buyer right now that wants to offer $100,000 less than any property he sees. That’s really not practical. Here is what I tell my buyers. The value of the home is what you perceive it to be. That’s first & foremost. If you find a property you are interested in, we will pull the comps. If the property is already below market price: 10-20% off, you should be prepared to make a nearly full price offer. You are already purchasing a property that is the discount you desire. Of course you can offer whatever you want, but realistically I believe this is a good method. The comps have to be really accurate though. W
