BluefoxToday blog : Sorry Mr Buyer, I Can't Help You!

Sorry Mr Buyer, I Can't Help You!

Rhodes Ranch HomesI had an inquiry via email last night from a Las Vegas Home searcher that wanted vacation or second home in Rhodes Ranch.

He wanted to only spend 100K.  Rhodes Ranch is also a Guard Gated Golf Community with a water park.

We have a slight problem here because Rhodes Ranch Homes are very popular and while we have some *kind of* close to that price range – they are contracted – and short sales.   The lowest priced ACTIVE listing I could find was $170K.  In the last year the lowest price sold was $140K so something tells me that those lower priced short sales won’t even pass the BPO sniff test.

Yes, most of Las Vegas Real Estate is in fire sale status!  Yes, the more popular areas – like Rhodes Ranch – will still cost a little more.


Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

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Comment balloon 19 commentsRenée Donohue~Home Photography • December 21 2010 08:54PM

Comments

Rhodes Ranch sounds like a fun community and a very much desired one so that buyer may have to move on or come up. So many buyers are misinformed about the market and think all areas are in trouble, as you just pointed out, not so! Great post Renee!

Posted by Wanda Kubat-Nerdin - Wanda Can!, So Utah Residential, Referral & Relocation REALTOR (Prado Real Estate South) almost 8 years ago

Renee -

If you can find me a guard-gated, golf-course home for under $100k, I'll take one, too! ;)

Sharon Lord
Argent Decor
AZ Vacation Home Furnishing Service

Posted by Sharon Lord, New Home Advisor (Maracay Homes) almost 8 years ago

Wanda:  Thanks!

Sharon:  LOL!  I will keep my eyes peeled for ya - and about 100 other buyers that would drive the price up!

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) almost 8 years ago

People tell me all the time it is a buyers market. I am going to offer 1/2 the listing price even if it is priced well below the market price. I keep telling them it will not work. There is competition for the deals. A silly offer will not get it.

Posted by Alan Grizzle, Full Time Realtor, Lifelong Resident of Dahlonega (Chestatee Real Estate) almost 8 years ago

thank goodness to be working in the communities that are still holding value!

Posted by Jimmy Katz, "REAL Solutions for Real Estate!" (Katz Realty Group) almost 8 years ago

Alan:  I tell them otherwise and if they will not accept it they will need to find someone else to work with!

James:  This area is definitely strong!

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) almost 8 years ago

I get calls like this.. or offers on houses for less than half price.....buyers assume that everything is free or marked down.  All you can do is educate and if that doesn't work, refer out.

 

Gary De Pury, SFR

Tampa Short Sale Specialist

Broker-Owner

Bay Vista Realty

Posted by Gary De Pury, ESQ. (Bay Vista Realty) almost 8 years ago

"But it's a Buyers Market and the bank should be happy to get Anything!" It's amazing, isn't it?

Posted by Eric Michael, Metro Detroit Real Estate Professional 734.564.1519 (Remerica Integrity, Realtors®, Northville, MI) almost 8 years ago

And then that buyer came to Phoenix and said the same thing -- and the answer was "no , not possible" -- we see this all the time also -- people who have the idea they can get something for almost nothing.

Posted by Bob & Carolin Benjamin, East Phoenix Arizona Homes (Benjamin Realty LLC) almost 8 years ago

Bay Vista:  Absolutely but I don't want to subject my referral partners ;)

Eric:  LOL!

Benjamin Realty:  You would think they would learn ;)

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) almost 8 years ago

Renee, well I know you are the one to definitely call if I want to buy real estate in LV.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty, Martha Hilton, Broker) almost 8 years ago

Renee - I bet you hear from him again when he realizes you are right.

Posted by Steve Scheer, Highlands Ranch Real Estate - Denver Real Estate (Realty Oasis - Metro Brokers) almost 8 years ago

It is funny how some people here the market is bad and expect to be able to buy for 20 cents on the dollar.

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) almost 8 years ago

Can you find me one for 50K. . I'll send you the cash and a power of attorney. .seriously!

Posted by Fernando Herboso - Broker for Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA (Maxus Realty Group - Broker 301-246-0001) almost 8 years ago

One of the biggest problems we are facing here also Renee.  People with some very unreasonable expectations.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) almost 8 years ago

Thanks for the above comments  & Fernando - I will keep you and 100 others in mind ;)

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) almost 8 years ago

Unrealistic Expectations of what you can get for your $$$!  Happy Holidays!

Posted by Lauren Stark, Luxury Real Estate Agent - Las Vegas-Henderson NV (THE STARK TEAM-Las Vegas Luxury Homes & Condos) almost 8 years ago

Lauren:  Thanks for stopping by and Happy Holidays to you and your mother!

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) almost 8 years ago

Renee,

Good to hear that some areas like Rhodes Ranch are hanging in there fairly well despite the general weakness of the Vegas real estate market.

Posted by Esko Kiuru almost 8 years ago

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