I speak with both investors and potential buyers every day. They all want direction, but all have the same belief, a belief that I share -- 2009 is a great opportunity to make money in real estate.
The most recent report out shows real estate prices dropped 31% in 2008. That's unbelievable. As fast as we had a market rise in 2005, we've had the same drop in 2008. But now, our prices are even lower than they were in 2003, basically, they have no where to go but up.
This is the time when most investors are taking a good look at Las Vegas. We have a unique market and because of that, we're predicted to recover faster than many markets. As the economy dampens income on smaller casino markets and some fall away, Las Vegas will again become the place where you can not only game but have an experience you can't have anywhere else. With that will come more tourists again, which drives jobs, income and of course housing.
So, what should be your plan? Your plan should be to take advantage of this great opportunity to buy homes at 50% or less than they sold for 2-3 years ago. Not every property, bank owned or short sale, is a great deal. It takes an experienced agent to recognize what property is going to offer a good bang for your buck.If you're one of the unfortunate folks who lost your home in the last year, don't give up hope. There are many investors out there who are willing to lease option to you, assisting you in getting your next home with the opportunity to buy it while your credit recovers. These investors understand that what happened was not your fault and, although they are investing in real estate for financial rewards, they also want the folks who rent their properties to take ownership by working with them to eventually buy it. 2009 can be your year too!
So plan ahead for a much better year. We have a new president, a changing economy, and an opportunity to learn from our mistakes and make 2009 a great year.
If I can help you either become a real estate investor, or lease option your new home in Las Vegas, don't hesitate to call or email me.
Heather Peck
Rosen & Company West
702-595-7380
LasVegasExpert@yahoo.com
www.LuxuryShortSalesandREOs.com
