Robin Camacho
Las Vegas Real Estate
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Christopher Reade said: I believe that that Fannie/Freddie Guidelines (and most lenders at
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From Grand Cayman
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Time out for family
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Posted At : September 5, 2008 3:49 PM | Posted By : R Camacho
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On July 26, I triumphantly returned after my son's burns were healing, announcing that I would be back on a regular basis and with some exciting enhancements to the Top 10. And on July 27, I was blessed with the Midas touch. As a result, we are working 15/7 to bring great deals to my clients
I know many readers have noticed my absence and thought I was unavailable. Others apparently have not, and still came looking for me. I have 4 open escrows right now for three LVA readers purchasing Las Vegas investment or vacation homes. Every one is an interesting story, but I haven't been able to sit down and share these. I am literally working nonstop, living on diet coke and whatever I can find in the vending machine, to help my clients get some great deals.
I apologize, dear friends. I am truly overwhelmed trying to help my clients make hay while the sun shines!
We are half way to having a beta version of our new website ready, and will soon invite you to help us test it. The Top 10 will soon feature even more great deals, and will include specific categories such as condos, great deals in highly desireable areas, great deals in lower-end and higher-end homes, and more.
While you can already have a search customized to help you become familiar with the market, readers only find this out after they've contacted me about a specific property. In the near future you will be able to request a search from the Top 10 page. With a few clicks, you can ask to view listings that meet your parameters, which you can peruse in the comfort of your home or office. Who needs a pesky Realtor stalking them? I know you'll contact me when you're ready to buy.
I finally hired a production coordinator yesterday - yeah! This will soon free me up a bit to focus on finding great values for my clients, and get back to sharing information with you.
I found one lucky LVA reader a small home for $54,000 last month. Mike (the name has been changed to protect the savvy investor) came to Las Vegas hoping to buy one small rental property, and had enough left over to buy a condo for $70,000 as well! I have another client who is buying 3 investment homes at the same time, and another LVA reader buying his second Las Vegas investment home.
This market is not for the faint-of-heart. Shortly after my prediction late last year that we would hit the bottom of the market in terms of sales, we saw sales shoot up. Sales have remained high. I think the best deals will be found in September, and then perhaps in November and December. The market generally slows down in these months; fewer buyers may be competing over foreclosures.
While none of us could foresee what gas prices and other economic maladies would do to our local economy, which was faring better than the national economy, investors understood the long-term value in investing in Las Vegas. So did many baby boomers who bought their retirement home a little earlier than planned, to take advantage of the incredible values.
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