Robin Camacho's House Advantage

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Short Sales - It's The New Black
Dan said: My daughter and son-in-law just went thru a short sale they were trying to buy. The bank was NOT ver...   [More]

Has Las Vegas Real Estate Hit Bottom?
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Has Las Vegas Real Estate Hit Bottom?
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Las Vegas Home Sales Skyrocketing (Again)
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Wake Up, Roger, and Own Your Own Piece of Las Vegas
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$29,900 Las Vegas Home with Pool

Posted At : January 25, 2009 10:53 PM | Posted By : R Camacho
Related Categories: Current

Now I've seen it all.

On Friday I had an offer accepted on a home that was priced at $29,900. The couple whose offer was accepted, Las Vegas Advisor readers, made a cash offer of $32,100.

Sure, for $32,000 the home obviously needs a lot of work. But the lot is worth more than that! The homes in the neighborhood are currently valued at about $70,000 to $80,000, and 2 years ago sold for twice that.

It's not the $1.13 million home I'm writing an offer on in the morning. But this couple will own it free and clear. And even though I actually lose money when I sell a home in this price range, it just tickles me to see someone reap the benefit.

I love what I do.

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