NEVADA REAL ESTATE AGENT / BROKER SOURCE
Nevada Real Estate
There is not much
good to say about the current state of the Nevada real estate market, it's in
bad shape and that is the result of the crash of the housing market, the lack of
credit since that time and the unemployment that has resulted which made thing
It is our opinion
that the strength of the Las Vegas market will increase with improvements in the
national economy (real improvement may not come until 2012 or later).
The demand for Las
Vegas property in the future will have to do with a number of supply and demand
factors. The likely limitations that may be imposed on water resources,
the increasing cost of development, the slowed ability or inability of potential
customers to liquidate their real estate holdings in other states and the
relative health of the economy.
For those buyers
who can afford a retirement home or for those who can transition without having
to deal with another mortgage, the Las Vegas housing market will continue to
offer exceptional bargains. Many areas have seen home price decreases by
60% or more. We are entering a period where Nevada housing will once again
become a bargain relaitve to housing in other areas.
THE BEST AGENTS
Who are the best real estate agents?
Are they the agents who do the best job of getting a propery sold?
There is a great deal of controversy in the real estate industry today over whether or not agents "earn" their commission, and a new round of discount brokerage firms have materialized to provide either limited, partial service or "full" service for what has been represented to the public to be a "lowered" or "discount" fee.
Since commission rates were never set by the industry, but have always been negotiated between
the parties in a transaction, the pressure to provide lower fees has been with agents
for years. Premier firms have not lost large market share as markets have slowed,
so it appears that the demand for agents who can perform is as strong as ever.
It appears obvious that many customers are willing to pay fora result, and
discounts are not as compelling as once believed.
NOTICE: Any opinions expressed on this page are those held by
the owner of AppraiseNevada.com and not that of any appraisal or real estate organization or outside source.
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