The Hidden Gems in Las Vegas - The Vertical Market
MLS Statistics: 5/5/2014
Available = 503 shorts = 9 bank owned = 9 Traditional - 485 (hope my math is right) Ranging from 75k - too "wait for it "12.9 million WOW!!!
Pending or Contingent: 91 Sold: last 90 days 159 units
High Rises are HOT!!!! some are as low at 50 cents to the dollar of the original price tag
What to look for: Location Location Location: The better the location the higher the price. Whats in a location. Some HIgh RIses are close to the strip and down town, others are around the Valley. Pick a location that is good for you. Also the location in the high rise is key... so ask where it is located.. just becuase a price is attractive doesnt mean you want a view of the back of a building or a rooftop of A/C units.
HOA's: Fee's are high on some of the high rises.. we have seen as high as 400 a month. Keep in mind the services can include valet, parking, grocery service, clubs, security and many many more amenities.
Rent capabilities: Some High Rises will also allow you to rent it out. They can offer the service or you can rent yourself. Keep in mind if you use their service there are additional fee's involved.
Parking is key - how many spaces do you get !!!!!
Amenties: as described below - what do you get for the price you pay!!! Concierge, gas, water, trash, sewer, recreation, management, guard, pool, cameras etc. are some of the items that are could be covered under your HOA.
and of course the most valuable question is "is a high rise for me". Call an agent who specializes in this market (yes we have specialists that just work high rises). They will do the research and the math - this will save you time and money).
Reasons to love them...Investors- good income potential and possible flips , People that want a vacation home , Busy executives , if you are looking for luxury, no maintenance, want to be part of a social network, and like the lifestyle of a resort...
Call the Brenkus Team Today to find out more about the great buys out there!!!
Author:Brenkus Team Phone: 702-526-2298 Dated: May 5th 2014 Views: 25,972 About Brenkus: Rick and Teri Have been top producers for over 30 years in the Las Vegas area and have been ranked i...
About Keller Williams Marketplace - Brenkus Realty Network
Rick and Teri Have been top producers for over 30 years in the Southern Nevada and have been ranked in the top 50 agents in the US by the Wall Street Journal out of over 1.3 million agents. They have sold over 4,000 homes in both stable and challenging markets. Their strategies and incredible systems to represent buyers and sellers can not be matched! Sellers enjoy netting top dollar in the least amount of time with their massive marketing and ability to stay ahead of the curve! This Top Producing Team has consistently been in the top 1% of agents Nationally for the last 30 years. They are national speakers and are highly sought after by many who want to get to the next level in their business. They also serve on Professional Standards at the Greater Las Vegas Association of Realtors and are Senior Faculty Instructors. Their list of credentials are endless!
Before you make any decision to Buy, Sell or Invest in Real Estate, be learning based and discover all the benefits, strategies and techniques Rick and Teri Brenkus offer to their clients..... You will be glad you did!!! 702-456-5959