Q: Why can?t I purchase a home in Las Vegas right now over a cash investor? I have over half down, excellent credit and pre-approval. The offer doesn?t even get acknowledged. I recently sold my home to downsize. I?ve been looking for over 6 months now. Only cash is getting any attention. There are no traditional sales it appears only those investing cash to flip later. Wrong on so many levels for our city??
?Karen, Las Vegas, NV
A: Dear Buyer, This is a very difficult market in the distressed arena. It?s not unusual that you might have problems bidding against all cash investors. Normally there are regular sale homes you can investigate, however, I can only speak for my area and city on that. My advice is to continue working with your Buyer Agent. I?m sure your Realtor is putting in many hours trying to find you the perfect home. By the way, my last two sales did take 6 months each to close!
Dorene Slavitz is a Realtor? with The Real Estate Group in Culver City, CA and Torrance, CA.
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