Las Vegas Foreclosures- Great Time to Buy!
Posted by assetprotector on July 24th, 2008
From 2002 to 2004 prices for homes in Las Vegas were low and properties cash flowed. Prices skyrocketed into 2006 and have since come back down between 30 – 50%. If you are a real estate investor investing in single family homes once again you can get positive cash flow in Las Vegas. If you are looking to buy as a first time buyer or owner occupant you can get a home for near 50% of what it was only 2 years ago. Las Vegas is now on sale.
Las Vegas has lead the nation in foreclosures for over a year now and the prices have come down to levels that we all can afford to buy.
Las Vegas Foreclosure Information
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For those of you that may be interested, I have just uploaded a current Las Vegas market update.
Just go to my website:
www.GarrySellsLasVegas.com
“Click” on Las Vegas Market update.
Friday, 11/7
HUGS is a new Buyer assistance program for first time Buyers (Have not bought a place in the past three years). This program was first designed to help School District employees, but it has now been expanded for ALL First time Buyers.
This program provides for a 2% GRANT for your down payment. If you have 1% and the Seller is willing to cover your closing cost (Most are), you can buy a ptoperty today for 1%.
On a $150,000 FHA purchase price, that is less than $1500 out of your pocket.
There are some income and asset restrictions, but this program will work for a huge number of people.
If you or someone you know may be interested, please give me a call.
Garry
Realty ONE 702-497-2262