Big Horn (Henderson, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
This is part 1 in a series describing different types of sellers and transactions in the Las Vegas Area market. REO is a type of seller. REO means "Real Estate Owned" or also known as "Foreclosure" or" Bank Owned"                                          REO is CURRENTLY the #1 sales category in the Las Vegas Valley and #2 Listing Category Main reasons people are attracted to an REO purchase: It is more of a "sure thing" than a short sale.  (Only 1 in approximately 15 short sales currently close) It takes less time contract to close than new construction built from scratch REO is priced cheaper than most other listings                             A Few Pitfalls of an REO purchase: Many times sellers will not pay for lender required repairs Deferred maintenance issues could make house a ...
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Henderson, NV Real Estate Professionals