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Old 03-26-2009, 09:51 AM
 
1,788 posts, read 3,470,507 times
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Ya, the $six million dollar questions I know, but the prices for homes got me thinking about relocating

1. I checked online and noticed numerous condos, near the strip priced between $60,000-$80,000. Nice places, or so it seems. Realtor told me most were selling in the $250-$300 range in 07. Too good to be true? What type of people reside in these condos? Are they ghetto-ish, business people, or?

2. Jobs, yes, they are tough everywhere, I know this, but are there any jobs? If you give yourself a 3 month window to find a job in social services, is it possible?

I'm just looking for an overall assesment of the area and just how brave would I have to be to move to Vegas right now?
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Old 03-26-2009, 01:27 PM
 
Location: Las Vegas
444 posts, read 1,429,606 times
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It would be hard to buy a condo with no job, unless you have the cash.

We made the move 18 months ago. We started in an apartment. My wife's job took 6 months to land. Things seem a little tighter now.

We have bought a house. We like Las Vegas. It can be done, but like most things it takes time and money. Good Luck.
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Old 03-26-2009, 01:39 PM
 
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Good luck finding a Realtor who wants to help you buy a condo in that price range. It just doesn't seem worth their time
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Old 03-26-2009, 01:48 PM
 
1,359 posts, read 2,753,434 times
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You don't want to buy near the Strip unless your not adverse to crime. Finding a good job takes time....everywhere now. You can find a nice, but very small condo, in a good area beginning around $85-$100,000. Look at a map of LV, locate the Strip running north and south and as the areas sprawl out from there, all around the outter perimeter, pretty much except for the Nellis area, is considered good areas. Probably a safe rule of thumb of pricing is at least $100 a square foot unless you have the time and the cash on hand to fool around with a repo.
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Old 03-26-2009, 03:41 PM
 
Location: Here and there, you decide.
11,582 posts, read 22,684,439 times
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Quote:
Originally Posted by drinkme View Post
Good luck finding a Realtor who wants to help you buy a condo in that price range. It just doesn't seem worth their time
so $1000 commission is "not worth their time"?
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Old 03-26-2009, 05:02 PM
 
482 posts, read 1,197,303 times
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I paid 35K for a condo in Summerlin. The Realtor was young, educated, and nice (good looking, too). She didn't mind at all. There are plenty out there, who would gripe. I know a realtor that told some investors to not bother him with stuff under 150K. I also made offers on a total of 15 places with her. She only had to go to 4. If and when I decide to buy more property in LV; I will probably let her handle it. The smart ones will want to see proof of funds or credit, right away, and I don't blame them.

Too many lawsuits in the high rises, and a lot in the conversions; so just be careful and do your dilligence or pay someone to do it. This forum is a great starting point. There is a website called blockshopper or similar, where you get get precise details on complexes/units/ square footage/sales history.
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Old 03-26-2009, 08:56 PM
 
Location: central, between Pepe's Tacos and Roberto's
2,086 posts, read 6,098,953 times
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Quote:
Originally Posted by airics View Post
so $1000 commission is "not worth their time"?
Depending on the real estate agent's split structure, $80,000 can be worth much more than $1000, before taxes of course. A 70% split on an $80,000 condo will be worth just a hair under $1700. As my dad used to say, "It's better than a poke in the eye with a sharp stick".
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Old 03-26-2009, 09:07 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 32,498,817 times
Reputation: 2661
Quote:
Originally Posted by airics View Post
so $1000 commission is "not worth their time"?

I'll take it...I'll take it. Thousand here, thousand there,,,after a while real money.

I seldom go below 100K but I do a lot of business below 150K. I like nice focused half million dollar buyers...but I will take the 100Ks while I am between those assignments.

Hell I do rentals for people off this list all the time that yield less than $500. I freely admit I do those so they will come back in a year or two or three and buy a house...but I get no guarantee. And mostly they don't.
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