It’s a funny thing. I didn’t sell a home in my first month as a Realtor back in 1990. I didn’t sell a home in December 2007 either. That’s the first time in 18 years. On second thought, that’s not funny.
But I am happy to report that the pipeline is suddenly filling up again since the first of the year. Besides the huge increase in retail buyer calls and showings, I’m working with 2 large investor groups. Both groups are very seasoned investors, and very smart people.
They believe, as I do, that “Vintage” Vegas will come back to life much faster and much stronger than the suburbs. We were still increasing in price sale after sale right up until August when the whole lending meltdown happened.
Steve Christmas, our favorite lender, has all kinds of new loan programs and ideas, rates are at 2 year lows, and will probably drop some more. Now’s a great time to grab up that dream home.
Of course there’s usually a 10 to 30 day lag between a typical buyers first inquiry and actually going to contract. I believe I’ll be writing some offers and getting an offer on a listing this weekend.