Home / Articles / Sell House For Cash / 7 Reasons To Sell Your House For Cash In Las Vegas, NV
Do you have a Las Vegas house that you need to sell? You’re in luck. Real estate experts and agents all across the United States have are talking about how easy it is to sell homes in Las Vegas due to a boom in the area’s real estate market. So if you’re selling one, you should grab the opportunity and sell your Las Vegas property today! You’re also in luck, because we pay cash for houses in Las Vegas.
According to a statistics report released by Las Vegas real estate MLS Board, SABOR, homes in Las Vegas are selling like pancakes over the last few years. Local home buyers are choosing to pay for houses with cash. In fact, the trend is still growing and it’s showing no signs of slowing down.
Here are 7 reasons to sell your house for cash in Las Vegas, NV:
1. The Culture
The city of Las Vegas is one of the friendliest in the United States. This reason alone makes most individuals and families want to move into the neighborhood! Las Vegas is home to a family-friendly culture. The location is excellent because Las Vegas has so many attractions, and people can always find something to do here. Houses are spacious and well-thought out in terms of layout and design. Air pollution is kept to a minimum. The houses are warm and inviting. Las Vegas is just right beside Texas Hill Country which offers leisure activities, green parks, lush environments, etc.
Employment here in Las Vegas is at an all-time high. Unemployment is at a record 5.1 percent, which is way below the national average in the US. This fact is the reason why many people are turning from renters into potential home buyers- they are in it for the long haul. It’s simple- people want to work in Las Vegas and stay in Las Vegas. The undeniable charm, the look and the feel of Las Vegas culture makes people feel welcome.
SABOR CEO and President Angela Shields has this to say about the real estate market in Las Vegas- “Housing markets in Las Vegas are steadily rising. We are so fortunate to be living in a vibrant city that’s supported by a booming job market and a thriving economy that keeps housing at an affordable price.”
2. Las Vegas Houses Sell Quickly
It’s the classic law of supply and demand. More and more people are wanting to relocate to Las Vegas, and therefore Las Vegas houses are selling fast! Buyers are quick to schedule home visits because they know that your house could be sold next week. Statistics show that Las Vegas homes generally sell just within 70 days of posting, which is way below the national average.
3. Rising Home Prices
Las Vegas homes are enjoying a seller’s market, mainly due to several factors. There’s a real, growing demand for homes located in Las Vegas. Moreover, the interest rates for properties are at an all-time low. The low entry point makes buying homes in Las Vegas an attractive prospect. Almost all people dream of owning their own home, and when they see the chance, they usually go for it. The low interest rates are great for buyers but they are also advantageous for the seller! The demand goes up, and so the price of real estates go up as well. There are more people vying for the same house, which naturally results in higher offers.
SABOR Chairman of the Board Mary Jeffers explains that the Housing Forecast for homes in Las Vegas are enjoying an excellent surge in pricing due to the increased demand and competition for houses. There are now more and more individuals and families opting to buy a home instead of renting one. The tight Las Vegas inventory makes it a great seller’s market, while the low interest benefits the buyers who want to stretch their dollar. As such, buyers and sellers are taking advantage of the excellent real estate market balance. The average pricing for Las Vegas homes are at $218,000 with a 5 percent increase, and the median climbs at a comfortable $180,000 with a 6 percent increase.
4. We’ll Buy Your House
Worried that you might not be able to sell your Las Vegas home? We can help. We are cash home buying company located within the Las Vegas, NV area and we can buy your home quickly for a good price. We buy houses from motivated homeowners or sellers in Las Vegas no matter the condition of the property. If you are having trouble finding a buyer because the home is in a state of disrepair or needs work, come to us and we will resolve your dilemma with speed and good judgment.
5. Las Vegas’s Booming Seller’s Market
Real estate prices fluctuate according to supply and demand. When the demand for one commodity rises, the prices usually rise in favor of the seller. Las Vegas is experiencing a phenomenal seller’s market as of the moment. Forbes has put Las Vegas as one of the best seller’s market during the last few years, with room to grow in the upcoming years. In short, more houses are being sold for good prices. It’s a win-win situation that involves both the buyer and the seller.
6. More Houses Are Being Sold
Total house sales in the Las Vegas region have climbed up 5 percent from last year alone. More than 2,000 Las Vegas homes are sold quickly. The facts should eliminate the doubt that you’ll have a hard time selling your property located in Las Vegas. Chances are, you’ll be able to sell quickly due to the boom in the real estate market.
7. Tight Home Inventories
The high demand for Las Vegas homes make the property inventory really tight. In real estate terms, supply is measured by months of inventory, or the time it takes for all homes in a certain area to be sold. If all the homes are sold within 6 months’ time, then it’s considered as a seller’s market. With this in mind, you’ll be surprised that houses in Las Vegas are just at an average of 3.5 months in inventory terms! But, if you’re looking to for the days on market of selling to company like ours…we buy houses in Las Vegas within 7 days in some cases. This is way below the national average which sits in at around 5 months. If you’re selling your house for cash, then now is the time to do so. The value will be much higher when you sell your Las Vegas house today. You’ll enjoy better bids, views and offers.