Why Am I Getting Outbid???
Why am I getting outbid?
It is extremely hard for the first time home buyers or a home buyer that cannot pay cash to purchase a home in Las Vegas, NV. because Hedge Fund companies and cash buyers are controlling the market. Hedge Funds are made up of large investors that are buying homes in Las Vegas! They are controlled by an investment company, and some of these funds have as much as three billion dollars to invest. Since they have so much money to invest, they are over paying for homes and driving up the cost of homes in Las Vegas and other areas of the Country.
Also, there is still a large volume of single investors with cash purchasing homes in Las Vegas. The investors plan is to purchase these homes and lease them out or flip them. This is why buyers that need to acquire a loan are having such a hard time purchasing in Las Vegas...
Blog Archive2016-07-31 12:49:01
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