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NEW FHA Loan Limit Raised to 400K in Clark County for Single Family Residences! $8,000 Tax Credit - First Time Home Buyers!

Homebuyer Tax Credit - The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser. 
  **NOW EXTENDED thru April 2009**

How is the Real Estate Market in the Las Vegas area? No Secret - BUYER'S MARKET!!

Are we at a bottom?

Well, it's true, there's been a Historic amount of Foreclosures in the Greater Las Vegas & Henderson area, but also a SURGE in sales! 

In February thru July 2008, there was a continued decrease in home values, but in the 3rd and 4th quarter of 2008, a BIG bump in sales! July thru December 2008 were exciting months, as Investors began gobbling up Bank Repos and leasing them out! The months of August thru December, 2008, show a spike in REO List Prices and Sales (GLVAR reporting a 23% Sales Increase in Sept '08, compared to Sept '07)! This, of course, is occurring in the more desireable areas with higher demand, then others. But homes were being purchased in all Las Vegas & Henderson areas! First quarter, 2009, sales have not been as high since 2006!
Bank Owned Properties (or REO's) are selling! With an abundance of excellent, VERY LOW-PRICED, REO properties on the market, multiple offers are pouring in. Yes, people are bidding up and battling to purchase. This is good news! But with homes foreclosing into the months of November/December 2008, and into the first quarter of 2009, prices in some areas continued to decrease and Investors purchased at incredible prices! Have you checked INTEREST RATES lately? Even with interest rate volatility, rates are still LOW, LOW, LOW!!

Banks are understanding their losses and are "Dumping" their liabilities. But they also know there is an increasing demand so they're trying to get the most they can. Hence, "Highest And Best Offers" and multiple offers. So does this make it a BOTTOM? Whether it is or not, and even if values drop another 5% or so, it's not a bad time to pick something up for a Long-Term HOLD!!

Unfortunately, however, for many, homes are being lost. Owners are being foreclosed on and needing to rent. Current renters are being forced out of homes because their Owners/Landlords are foreclosing! And with poor credit situations, tough lender guidelines and the vanishing of "Stated Loans", many people cannot buy, but are in the market to lease properties. So those who cannot buy, need to rent from solid owners who are in it for the long haul...a "Wacky" market to say the least! Maybe a purchase of a generation? Is it time to take advantage of the downside in real estate? Those who are positioned to purchase and hold, will take advantage. Those, unable to buy, will rent.

Stock Market Investment? ...Too risky. Money Market? ...ROI too low!

Real Estate Investment? ...Positive Cash Flow! Buying at Low End - future appreciation!!

The RENTAL Market STRONG. And as an OWNER, if you need to sit tight and HOLD your property, RSN will Lease & Manage it for you. We will help you weather the storm or assist you in your next investment. Obviously we are experiencing a Buyers market. And if you have money down, make good money, and have excellent credit...WELL, BUY!! Unfortunately sellers have no leverage in this market - so BUY LOW, then hold & Lease! We can help you do it ALL!!

~Near Future: A new wave of Foreclosures! Banks are holding many more! With the high sales and low purchase prices, banks stepped back in an effort to level the market and cut their losses. Inventory has been gobbled up and prices have leveled. So now there are thousands of pre-listed foreclosures ready to break out of the gates. But are the Banks releasing slowly...? It appears so...DEMAND is currently High, with low Inventory. The past, Heavy Inventory drove prices so low, Banks are concerned about taking even a greater loss!! So with Low Inventory and High Demand, Offers are submitted and received by Banks ABOVE Appraised Value. But Banks (Sellers) are smart - They'll counter "Highest & Best", but also counter "Buyer to Pay Cash Above Apraised Value". So how do you capture the property you want? What IS the right bidding price?

CALL US - We can help you capture the home you want! Don't lose another! Whether it is an Investment or Owner Occupied, we'll find it and close the deal!

Replenished inventory will allow you another wave of real estate investment opportunities - take advantage!

We're an outstanding Investor/Property Management Company and we're here to help find Future Homeowners and Investors the best buys available today!

For all your investment needs and Property Management needs, call RSN!

BUY the BANK OWNED HOMES while they're CHEAP!!

info@RSNhomes.com   Call The Broker Direct: (702) 217-2118

REMEMBER: If you need to Lease your home? Click on our PROPERTY MANAGEMENT tab on left!

WE WILL MARKET IT AND GET IT LEASED FAST!!!!


 

The Greater Las Vegas area is, and always will be, a desirable place to live and invest in. So enjoy all your dreams with the service of RSN. The responsive Las Vegas and Henderson RSN agents will smoothly get you to where you want to be! 

Investors - Call NOW for great Bank Repo Deals! 

                 
If you're not in the position to sell your home and in need of a Property Manager, call us for all your Property Management needs. If your mortgage is adjusting and you are not able to afford your payment, please give us a call - there are options for you!    

We cover all of the Greater Las Vegas Areas including:

Summerlin, Green Valley, Seven Hills, Southern Highlands, Lake Las Vegas, Anthem, The Ridges, Red Rock Area, Southwest Area, The Lakes, The Trails, Black Mountain Area, Mission Hills, Paradise Hills, Calico Ridge, Boulder City, Lake Mead Area, Nellis Air Force Base Area, Sunrise Mountain Area, North Las Vegas, Aliante, Mt. Charleston, Mesquite, Parhrump, Shadow Hills, Lone Mountain, Spring Valley, Southern Terrace, Rhodes Ranch, Whitney Ranch, MacDonald Ranch, Lynbrook and Blue Diamond!

We Handle Residential, Single Family, Multi-Unit, Condos, High-End, High-Rise, Commercial, Land, Short Sales, Foreclosures, Investment Property and Bank Repos!

Committed Agents you can TRUST!!

"Our reputation and experience speaks for itself. Call us today and see what sets us apart from the rest!"

Need a Real Estate Agent... Realty of Southern Nevada!

Need A Property Manager...Realty of Southern Nevada!

Integrity and just Good, Honest Business!!

*************702.405.9000 or 702.217.2118*************

*Real Estate * Property Management* Short Sales* REO's*

We Rent Them FAST!!

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