David Cooper http://www.lasvegaswinner.org 702.499.7037 Local home prices increased again in December, finishing 2012 with prices 24 percent higher than they were at the beginning of the year, according to statistics released today by the Greater Las Vegas Association of REALTORS® (GLVAR).
“Rising home prices were the big story of the year,” said 2013 GLVAR President Dave Tina, a longtime local REALTOR®. “It was also a good year for local home sales, ranking as our third best sales year ever. And we could have sold more existing homes in 2012 if we had more homes on the market. We ended the year with about a five-week supply of available inventory. READ MORE http://tinyurl.com/cllo4p8
Even though rents stayed ahead with bigger improvements, asking prices in 14 of the 25 largest rental markets managed to post greater increases compared to rents, the data provider revealed. READ MORE http://bit.ly/RBPvBY
David Cooper http://www.lasvegaswinner.org 702.499.7037
1. Partner with a Realtor
This should be done regardless. Realtors are a wealth of knowledge about the local housing market. And, they can also provide access to the MLS, which is a huge advantage for a wholesaler.
A great trick is to look up a property on TRULIA.COM. Once you click on it, it will list several realtors that work that area of the city, including contact information. Don’t be scared to call them up. Explain that you’re looking at buying a house in the area and wanted to know if they can provide some insight.
Once you know the average price per square foot of an area or neighborhood, then you’re good for a bit. The housing market is constantly in flux, so don’t rest on that number for too long. But, it should hold firm for a bit. Then, you can say, “The south side is going for $100/sq ft. The north side is $50/sq ft.” And on and on and on…READ MORE http://tinyurl.com/b77pt84