Here is what buyers received in seller paid concessions on November 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:
- Less than $500: 63% ($500 only buys you a home warranty or (no and) an appraisal)
- Between $501-4000: 20%
- Over $4001: 17%
This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory! Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!
Love the information and the presentation and I would love to know what program that you use to produce the great graphics- if you mind sharing drop me adirect message.
Robert Earl
Renee,
What an amazing chart and information. This would be a great tool for buyers agents to show their buyers. You are always thinking. Love love love this info. Best wishes,
Renee, in prior posts I've seen you referred to as the "diva" of graphs and or statistics. This one takes the cake for originality. We all know it's out there but I don't think I've ever seen it posted quite like this before. Fabulous job!
My market is probably pretty close to the opposite. We are probably around 60%-70% WITH seller paid concessions. Average amount being around $2,000.
By the way, like the Title "Concession Stand" another good one Renee.
Thank you
Rene, again your graph ROCK! BTW, I've seen not seen seller contributions in this area age restricted community.
Renee,
This is why you are a Diva...always putting great info out there and in a way that stimulates the reader to take a closer look. Kudos
Love the new graph! Interesting how the market has turned in your area. I think you're the DIVA all right . . . Chart DIVA :-)
Renee - I see Las Vegas sellers are hanging onto their money and giving no concessions. I think a majority of my buyer clients have asked for seller concessions in the past year and to date I haven't had a short sale lender say no.
Renee
It really looks strong in terms where less concessions are made; are the people taking a beating on the price?
Renee,
Buyers can still try but 61% will draw a blank stare. Ouch! It's brutal out there. The comment function is working again.