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Old 04-25-2013, 02:31 PM
 
207 posts, read 436,778 times
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I found some cheap homes in LV. All are under $100K. Standalone homes. Not condos or townhomes.

Whats the catch?

Last edited by observer53; 04-25-2013 at 04:07 PM.. Reason: sorry, links on homes for sale are not permitted.
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Old 04-25-2013, 02:46 PM
 
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Here are some catches off the top of my head:

1.So-so neighborhoods, definitely not the best in Las Vegas anyway.
2. They may "look" nice, but you'll need a good inspection to make sure everything is working right... impossible to tell from marketing pictures.
3. They may be short sales which means the list price is a teaser and has not been approved by the bank who is the *real* seller.
4. If they are all as good as they appear, then the final catch is that you'll have to compete with other people seeing the same deal and bid higher than asking price to get it.
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Old 04-25-2013, 04:11 PM
 
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For # 1 Lake Mead and MLK is not a nice neighborhood.

For # 2 Old Henderson also is not the nicest neighborhood.

For # 3 Actually seems like a good deal if there is nothing too major that needs to be fixed. NLV is one of the areas which is more depressed than the rest of the Valley for some odd reason. Some really nice deals can be found there, you just have to be cautious which part of NLV you are buying in. What logline said above is still true, all those things you have to watch out for.
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Old 04-25-2013, 04:16 PM
 
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Biggest catch is that all have gone to contract.

All marginal neighborhoods with poor schools. The one in Henderson was built in the 70s.

Probably reasonable rentals.
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Old 04-25-2013, 04:28 PM
 
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Well since the links are deleted...oh well.

My point was that there ARE good deals to be had. Of course, if you're paying under $100K for a home, don't expect nice neighborhoods and good schools and all that but still, for the price of a condo/mobile home, you could be living in a stand alone one.
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Old 04-25-2013, 04:37 PM
 
Location: ( ͡ ͜ʖ ͡) (╯□)╯︵ ┻━┻ ̡
7,112 posts, read 11,207,888 times
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Quote:
Originally Posted by ilovegarlic View Post
Well since the links are deleted...oh well.
I was wondering everyone was talking about. The mod could have at least left a note.

Anyway, good deals are out there but not like two years ago. Two years ago, the homes you probably posted were most likely going for $60K-$80K.



Motorola DynaTAC 8000x
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Old 04-25-2013, 06:52 PM
 
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asking price is not always the selling price.
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Old 04-25-2013, 11:24 PM
 
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Quote:
Originally Posted by ilovegarlic View Post
I found some cheap homes in LV. All are under $100K. Standalone homes. Not condos or townhomes.

Whats the catch?
The catch is the home is in the path of North las vegas airport where planes fall out of the sky. it depends on the area that you are looking at. It's either far from shopping and schools or it's in a crappy neighborhood.

tell us the zipcode of the home and the sf foot and we'll all tell you if it's a good deal or not.
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Old 04-25-2013, 11:33 PM
 
2,406 posts, read 2,402,616 times
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Quote:
Originally Posted by NoMoreRJ View Post
The catch is the home is in the path of North las vegas airport where planes fall out of the sky. it depends on the area that you are looking at. It's either far from shopping and schools or it's in a crappy neighborhood.

tell us the zipcode of the home and the sf foot and we'll all tell you if it's a good deal or not.
Eh, LV is a heavily air trafficked sector. Almost everywhere has planes flying over it. South has McCarran traffic, North has the NLV airport. East has Nellis AF jets flying over. There's no escaping the planes but I would avoid being too close to Nellis if possible.
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Old 04-26-2013, 02:05 AM
 
Location: Sunrise
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Quote:
Originally Posted by ddrhazy View Post
Eh, LV is a heavily air trafficked sector. Almost everywhere has planes flying over it. South has McCarran traffic, North has the NLV airport. East has Nellis AF jets flying over. There's no escaping the planes but I would avoid being too close to Nellis if possible.
I disagree. If you're East of Hollywood, between Stewart and Valley View, you're not going to hear many planes at all. We get the occasional helicopter, and that is all. The noise from Nellis basically starts around Owens and gets worse as you head north.

One of the main reasons I live on the east side is for the peace and quiet.
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