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The Las Vegas Real Estate Zone is your source for up to the minute info on real estate markets, real estate agents and real estate listings in your area. |
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Las Vegas Real Estate Listings
assist Las Vegas Real Estate buyers gather from Las
Vegas Real Estate Agents who place data in the Multiple Listing
Service (MLS) computer. It often takes some time for the agent to
research some of the data such as balance on mortgages and home-owner's
association information. Once the listing is entered, a photographer
is sent to the home to take pictures and an order is placed for
a sign. A week or more has usually elapsed by the time the photos
are available and the "for sale" sign is on the lawn.
If this home is a "bargain" it will probably have been
sold before the sign arrives. The average home in Las Vegas sells
within 45 days but bargains sell much sooner. So how is one to get
at these bargains. There are two basic ways to gain access to MLS
data: |
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Las Vegas Real Estate Listings contain important factors including the listing date, or how long the home has been on the market. An older MLS# indicates an older listing and subsequently raises a red flag. Why hasn't his home sold in a timely manner? Until recently the listing date was hidden until after the home sold. Experienced agents knew that they could roughly calculate the age of the listing by its MLS number and would avoid those listings. Although an older listing number may indicate a
problem, there are a couple of legitimate reasons for this situation.
The most common reason is that the home was originally listed at
a very high price (and may still be) but the owners have gradually
lowered the price. Another common reason is that the home went into
escrow but the buyers canceled the transaction at a later date. |
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