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Las Vegas has been known during the past 2 years as the “Foreclosure Capital” of the country! And, that is accurate. I have not written very much recently about our Las Vegas real estate market, but, rather, I have devoted the past 15 months to marketing and selling REO/Bank Owned properties. This market has exploded, and my office has sold more than 150 foreclosed properties just in the past 6 months! We are now transitioning into Short Sales, which are an entirely different niche. I would love to hear from other real estate brokers and real estate agents as to how this Short Sale and REO market has affected your transactions and business model.
Have you experienced more bank cooperation in negotiating Short Sales? Has your REO pipeline slowed down, or dried up, over the past several months?
How are you managing your agents and how are you generating sales and revenue? I would really welcome comments from Brokers, Agents and from the buyers and sellers who are trying to navigate this real estate market! Please contact me at terrilvp@cox.net! Also, visit my website at www.lasvegasproperties.com. I value referral business, and also appreciate all comments and insight!