Sellers in Las Vegas are now starting to feel their Mo-Jo!
This is bad news for potential Las Vegas Commercial Real Estate Investors because this means that the Sellers are going to hang in there tougher and more focus on obtaining the maximum value they can get for their properties than before.
Recently, one of my long time clients called and asked me what I thought his property was worth? I asked him what he was trying to net out. After he told me, I said he could net double what he wanted to net. He had me list and market his property so he will net out $2 million! (Just so you know, I Sold the Hotel property right next door to his.)
So, as we are signing the paperwork, he then tells me is that another RE Broker had approached him and wrote an offer at less than what he had previously wanted to net. It was obvious to me, the other RE Broker was trying to get him to sell to his Buyer client at half of the value of the property that I sold the property next door for.
Now, my client is a private investigator. So, being a PI, he had already done his own investigation into his property's value. (He told me he simply walked over to the property I had Sold next door and asked the former owner (my Selling Client) what he sold his hotel for. And, that owner told him.) Fortunately, it matched exactly what I had said.
So, it is apparent, the other RE Broker either knows very little to nothing about the economic incline in this Las Vegas sub-market; OR, maybe he does and enjoys trying to screw owners out of their equity!
The unfortunate part of this is that this is currently happening in reality in this area.
Unfortunately, most potential investors do NOT realize the actual value added properties are outside of this Las Vegas sub-market. Most people think of Las Vegas as the Resort lined street known world wide as: “The Strip.” But, if you potential investors would approach Las Vegas with open minds, you will find -- to your surprise -- some good deals!
So, Are you interested in where those good deals are? Well,...
For more Information about Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 702-501-9388!
This is bad news for potential Las Vegas Commercial Real Estate Investors because this means that the Sellers are going to hang in there tougher and more focus on obtaining the maximum value they can get for their properties than before.
Recently, one of my long time clients called and asked me what I thought his property was worth? I asked him what he was trying to net out. After he told me, I said he could net double what he wanted to net. He had me list and market his property so he will net out $2 million! (Just so you know, I Sold the Hotel property right next door to his.)
So, as we are signing the paperwork, he then tells me is that another RE Broker had approached him and wrote an offer at less than what he had previously wanted to net. It was obvious to me, the other RE Broker was trying to get him to sell to his Buyer client at half of the value of the property that I sold the property next door for.
Now, my client is a private investigator. So, being a PI, he had already done his own investigation into his property's value. (He told me he simply walked over to the property I had Sold next door and asked the former owner (my Selling Client) what he sold his hotel for. And, that owner told him.) Fortunately, it matched exactly what I had said.
So, it is apparent, the other RE Broker either knows very little to nothing about the economic incline in this Las Vegas sub-market; OR, maybe he does and enjoys trying to screw owners out of their equity!
The unfortunate part of this is that this is currently happening in reality in this area.
Unfortunately, most potential investors do NOT realize the actual value added properties are outside of this Las Vegas sub-market. Most people think of Las Vegas as the Resort lined street known world wide as: “The Strip.” But, if you potential investors would approach Las Vegas with open minds, you will find -- to your surprise -- some good deals!
So, Are you interested in where those good deals are? Well,...
For more Information about Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 702-501-9388!
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