If you’re looking to get out of the desert and move someplace with an ocean view, it’s time for you to sell your Las Vegas home. Like most things in Vegas, finding a buyer is a bit of a gamble. The market has some unique forces working against it, and financial troubles facing the area largely affect who is buying and who is selling. It may be tricky, but you can hit the jackpot by making the sale.
PROPERTY VALUES IN LAS VEGAS
Property value averages in Las Vegas hit a high of $295,000 in October in 2006, ultimately plummeting to a low of $110,000 at the end of 2011. Now, the average sits at $203,300 for all Las Vegas homes.
It isn’t as high as it used to be, and it could be a long time before they ever get that high again. Value growth has been steady and is projected to continue, albeit in small increments. Though the growth has been slow, it’s been significant.
Las Vegas home value averages are comparable to the values in most areas of the country. There isn’t anything extraordinarily boosting the values, or pulling them down. The only instances in which homes fail to meet their perceived averages are when homes have fallen into a significant state of disrepair. Some older Las Vegas homes will fall into this category, and homes that have been built or renovated in recent years are unlikely to be affected.
CURRENT MARKET IN LAS VEGAS
Things get a little unusual in the way the market is moving. While home averages are currently at expected levels and slowly growing, the market itself is driven by a few unique factors.
The market is slightly above average in health, though it is in a neutral position. Neither buyers nor sellers will find the advantage in Las Vegas. This makes things move at average speed, where desirable properties sell in predictable seasonal waves.
This isn’t the worst possible outcome for most homeowners, but a startlingly high number of homeowners facing foreclosure may not be able to afford to wait on the market to work on its own. On average, 1 in every 10,000 homeowners will face foreclosure in the United States. In Las Vegas, foreclosure happens to 1 in every 2,500 homeowners.
This is quadruple the national average. Coupled with the fact that negative equity is also double the national average in the area, this can quickly become a grim reality for Las Vegas homeowners in search of a solution.
Las Vegas Strip
WHAT IF I CAN'T SELL MY HOUSE?
Given enough time, most Las Vegas properties will sell. If you feel as though you’ve waited long enough or you’re in a position where you cannot afford to wait, you’re going to need to consider your options. If you have some cash to play with, you might want to consider becoming more competitive.
Repairing and renovating your home will make it more appealing to buyers, although this is a costly solution. Not everything you do will actually add value to your home, so you may not see a return on your investment. If you cannot afford to modify your home, it’s not worth going into debt over.
ARE YOU FACING FORECLOSURE?
Since foreclosure is a major problem facing the Las Vegas area, you may be looking to sell your home to soften the blow. The majority of Nevada homeowners are safe from deficiency judgements, so selling your home before the completion of the foreclosure can limit the amount of damage it will have on your financial future. If this is the case, you need to sell your home as quickly as possible.
Most of the time, the best solution is to sell your home by utilizing one of the alternatives made available to you. Finding someone who is willing to purchase a property as-is and complete that purchase in a timely manner is the best possible outcome. Time is money, and when both resources are limited, this can create challenging circumstances. When you find yourself in this situation, it’s most likely worthwhile to work with a home investor.
CAN AN INVESTOR HELP YOU?
It’s practically certain that an investor will be interested in purchasing your Las Vegas home. Startling foreclosure statistics and a market that isn’t moving as fast as it should have put enormous pressures on a lot of homeowners who are desperate to sell, but can’t find the right buyer the old fashioned way.
Home investors get right to the heart of the problem. They don’t care if the home is in bad condition, or located in a bad neighborhood.
Home Buyers USA is one of those home investment companies. We know how prevalent foreclosure is in Nevada, and what a stressful situation it can be for homeowners. We would love to prepare you a cash offer on your home in order to help you sell the home quickly, easily, and safely.
When you know you need our help, all you need to do is contact us with details about your property and your situation. We’ll have one of our experts provide you with a quote and help you get the process started.
HOW DOES IT WORK?
We would never ask you to go in blind. Before you reach out to us, we want to be transparent about how the process works. There are three easy steps to completing the process, and we’ll assist you every step of the way.
REQUEST A CASH OFFER
If you want a quick cash offer on your home, use the form located near the bottom of the page. Plug in the details, and we’ll look into your property. We’ll look into things and let you know what we can pay for your home.
RECEIVE A FAIR OFFER
The offer we give you is straightforward. There are no commissions or fees associated with the sale. We handle all of the costs. There’s no need to repair, renovate, or stage your home. We’ll buy it exactly as it is, no matter the condition.
MAKE A DECISION
If you’re willing to green light the offer, we’re ready to get the ball rolling. If not – no hard feelings. We still might be able to help you sell your home in a different way or provide you with useful resources.
Working with a home investment company is often easier than working with a real estate agent, and it’s certainly easier than trying to sell your home to a traditional buyer on your own. When you decide to turn to us, we drastically simplify the process and do most of the work for you.
We Take Your Home As-Is
If you have a bad roof or you’re struggling to contend with code violations, that doesn’t matter to us. We’re willing to overlook thinks like water damage and fire damage. We’ll buy your home exactly how it is. You don’t need to pay to fix it first.
We Deal With the Paperwork
We’ll handle just about everything. All you need to do is accept our offer on your home, and we can take it from there. Leave all the documents to us. We can contend with outstanding code violations and obtain the necessary permits for repairs.
You Pay No Closing Costs
There is no cost to you when you sell your home to us. We figure in all of our costs while we’re preparing your offer, and we make them our responsibility. Great investors never charge homeowners fees when purchasing their properties, and this is something we adamantly stand behind.
We Always Purchase With Cash
Most buyers need to go through a bank and negotiate a loan. These loans don’t always go through, and this sends the sale back to square one. We purchase every home with cash. This creates an expedited sale process with little room for delay.
We Complete the Sale in 7 Days
The closing process is by far one of the most daunting aspects of selling a home on the traditional market. Some sales can even fall through before the closing is complete. Without real estate agents or loans, there’s no reason to navigate a labyrinth. We can close the sale in as little as one week.
We Respect the Situation
Some of the circumstances that lead a homeowner to work with an investor are less than ideal – especially when you consider the high amount of foreclosures in Las Vegas. We try our best to show compassion to homeowners going through tough times, and it’s our duty to respect your situation.
Would You Like a Free, All-Cash Offer on Your House?
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