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Posts Tagged ‘buyers of real estate’

postheadericon Invest in Residential Foreclosures

 Las Vegas is the “Perfect Storm for Residential Investors.   
2009 residential sales was a big improvement over 2008!  According to GLVAR, we closed around 48,500 transactions in 2009 compared to around 28,000 in 2008.   Good news, right?  Not so fast.  The rate of foreclosures rose from about 8.9% in 2008 to 12% in 2009, and that’s why is essential to get help with this but there are professionals as Kendall Partners which specialize in foreclosure cases.  With over 3 million homes nationwide hit with foreclosure notices last year, nearly 95,000 homes or about one in 82 homes in Las Vegas was served. Many Las Vegas homes may be in bad condition and in need of renovations upon purchase you should go see home exterior remodeling, Alco Products Las Vegas housing values have plummeted from the highs of 2004.   Is this a bad market to invest in?