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- Listing Available in the MLS – 17,200
- Short Sales in MLS – 6,600
- REO’s Available in MLS – 4,488
- Pended Escrows in MLS – 11,000
- 25,000 + REO’s coming from bank back log
- Watch the mix of price ranges that hit market as there will be opportunity to sell higher priced properties as well as lower end.
- Many of the present short sales will become REO’s
- Only 7 to 10% of short sales actually close escrow. However, they are 38% of today’s existing inventory.
- It is imperative that you know about the expertise and ability of a listing agent to get a short sales closed.
- Below is a list of MLS agents who have successfully closed short sales. Prudential Americana Group agents are highlighted and appear first on the list in order of number of transactions closed.
- Be clear that they know what they are doing.
- They have a proven, strong and effective relationship with the banks they deal with.
- They close their deals.
- They communicate keeping you in the loop on the good and the bad news.
Filed under: Conference Calls, Las Vegas Market
