We used to think buying a second home in Las Vegas was not the best decision for out of town folks. We have recently changed our minds. Here are some of the reasons why people buy a Las Vegas Second Home and why our view has changed:
Prices on many second homes in Las Vegas are the lowest they have been in 20 years. Some of these properties are now listed as much as 60% to 70% below their peak pricing levels only a few years ago.
Second Home loans at 4% to 5% are a really great deal. These are some of the lowest rates for second homes anytime in the last 40 years.
Many people want a second home in Las Vegas to escape cold winters. We simply did not appreciate this very strong motivation before. Now we do, after working with so many from colder climates and hearing their stories. Las Vegas has some of the best Entertainment & Food offerings in the world. Period. This is another strong motivation for many to want to vacation here frequently.
Although most of the information on this web site deals with foreclosures for investors, as a second home buyer you can learn much that can help you find a a great second home, whether you purchase a property through a short sale, foreclosure, or private listing. On this site you will also find relevant straight forward information on Second Home loans and special information sections on taxes and LLCs for foreign buyers.
To find the best property that meets your needs for a second home we recommend that you get an experienced real estate agent that can send you a real time property search report using the MLS (Multiple Listing Service) in Las Vegas. If the information that you are reviewing is not in real time, you quite likely will waste a lot energy. Information even a few days is often wrong. Property status changes very quickly these days.
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