“So, How is real estate doing…” I get asked this a lot. The summer was slower than average, which we expected with the economy being down. We are still seeing many of the best prices come from foreclosure homes and short sales. If you have cash you may want to look toward The Springs or Hawk Ridge Condos as prices have fallen like a rock! The reason for the sharp decline is due to lenders not willing to finance properties in those areas at this time. Those with cash are purchasing 2 year old condos for less then others purchasing 15 year old condos with a loan.
For those that do not have $70,000 cash laying around, no problem… Mesquite is still eligible for the USDA Rural Housing Loans and people are still able to buy condos and homes for nothing down… and who would do a loan for zero down at this time, just know that it is government backed! Mesquite Nevada is still considered “rural” while surrounding areas like Las Vegas, NV and St. George, UT are not eligible for this program. FHA loans are still available for 3.5% down. There are options available if you are ready to purchase a home in Mesquite. For those looking to sell, it can be done. It is not easy and you may have to compete with foreclosed properties and distressed properties. Prices are still down.
Recently we have written articles ranking Mesquite Nevada Hotels and talking about the Top 5 Mesquite Nevada Foreclosures Properties. You can find information on local attractions, real estate tips and as always browse the Mesquite NV MLS to find homes for sale. It is all on www.Mesquitegroup.com
We wish you all a Happy Holiday Season!
The Mesquite Real Estate Team
866-618-7192 Toll Free
Bowler Realty
12 W Mesquite Blvd. #113
Mesquite NV 89027
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