Wednesday, October 29, 2008

Congratulations to Melissa Zimbelman Women's Council of REALTORS® Las Vegas Chapter

Last night, Women's Council of REALTORS® Installation of Melissa Zimbleman, President and 2009 Line Officers and Immediately Following the Las Vegas Chapter 40th Anniversary Celebration at the Las Vegas Country Club.

Congratulations to Melissa and her 2009 Board! We wish you the best and support you 100%.

Jason & Olivia
Triple8 Associates Inc'
Las Vegas Real Estate Brokerage and Property Management

Monday, October 27, 2008

Banks Paying More Attention to REO properties

We have noticed that more and more REO properties are being fixed up by the bank. Over the past 6 months 70% of all sales have been REO properties so those properties were probably in better shape than what is left. We have been doing REO tours over the past 3 weeks and we have seen a ton of properties in bad shape with DOM stats ranging in the high 7 months plus.
So we have seen crews in condos and single family homes putting low grade carpet and paint which is just enough to get it sold.

A good sign the market is turning and banks have adjusted to the market. Their adjustment was like making a u-turn in a aircraft carrier which dosent turn on a dime. Good news all in all.

Thursday, October 16, 2008

Concordia Homes Closes Doors in Vegas

Concordia Homes of Nevada has closed its sales offices and said they will be refunding deposits on homes that have yet to start construction, as reported on the Review Journal via an industry source.

The Henderson-based home builder has not gone out business and has not filed for bankruptcy, but it will not be selling any new homes, Home Builders Research principal Dennis Smith said.

If you are considering purchasing a new home do your homework or give us a call at Triple8 Associates. We keep a close eye on the best deals in the New home Sector. Search New Homes Here or give us a call at 702-835-9298.

Saturday, October 11, 2008

New $1 Billion Mixed-Use Project in Henderson Nevada

Courtesy GSG DevelopmentGlen, Smith & Glen Development is seeking entitlements for a $1 billion, 40-acre mixed-use project in Henderson called Park Heights. The project would include 1,588 residences. For more infomation please give us at call at Triple8 Associates Inc. 702-835-9298.