As a rule, investors are very careful about buying foreclosures but what we observe today in North Las Vegas surprises - investors are snapping up North Las Vegas Foreclosures. Newspapers and TV talk a lot about ‘house flipping’ but in fact no flipping takes place as investors never settle down in the property. They simply look for another buyer. But still it helps to reduce the number of houses for sale in North las Vegas as well as to level off the prices.
Some of local newspaper has announced that about 5% of all home deals fall under this category – flipping from previous owners to investors and then to new home buyers.
No matter what reasons lead investors, let’s say ‘Thank you’ to them as they give many disappointed homeowners some hope for selling homes. Welcome back to North las Vegas!
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