Cash REMAINS KING in the Las Vegas Area Real Estate Market!!! It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is enjoying! It is important to understand how a seller looks at each financing type: Cash Offers: Generally have less contingencies and quicker close times. A cash offer may be accepted even if it is lower than a financed offer. Conventional Financing: Less strict with lender required repairs but larger down payments and more strict credit guidelines. FHA/VA Financing: Requires more scrutiny with lender required repairs via appraisal. In general these take longer to underwrite and close so a cash or conventional offer looks more enticing to the seller. FHA Req... 07/13/2012

Home sales in Morningside, a neighborhood in the Green Valley area of Henderson, NV picked up slightly in the 4th quarter of 2007. Four homes closed, doubling the results of the previous quarter. For the year, activity was up 21%, with 17 homes sold in 2007, compared to 14 homes in 2006. Existing resale inventory of 16 homes, (plus 2 with accepted offera), represents a strong buyer's market with a one-year supply of inventory. Homes in Morningside are located close to the amenities of Green Valley Ranch and have quick access to the I-215 freeway. Here are the details of the fourth quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 45 Westheimer 1688 3/3 $312,500 $300,000 25 10/16/07 20 Megan 2247 4/3 $289,900 $262,000 53 12/28/07 57 Fantasia 1125 3/2 $245,000 $... 01/10/2008

Home sales in Morningside, a neighborhood in the Green Valley area of Henderson, NV were noticeably slower in the third quarter of 2007. Only two homes closed, compared to five in the 2nd quarter and six in the 1st quarter. With existing resale inventory climbing further to 20 homes from 15, (plus 1 with an accepted offer), sellers may need to rethink their strategy and level of motivation. Buyers have plenty of options to choose from, and will look to overall value when making their offers. Homes in Morningside are located close to the amenities of Green Valley Ranch and have quick access to the I-215 freeway. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 62 Westheimer 1688 3/3 $279,900 $274,000 55 09/21/07 50 Fantasia 11... 10/13/2007

Home sales in Morningside, a neighborhood in the Green Valley area of Henderson, NV have remained steady in the second quarter of 2007. Five homes closed in the 2nd quarter, compared to six in the first quarter.Existing resale inventory climbed from 10 to 15 homes (plus 1 with an accepted offer), tipping the market in favor of buyers. What remains encouraging for sellers is that four of the five 2nd quarter sales occured in 90 days or less. Homes in Morningside are located close to the amenities of Green Valley Ranch and have quick access to the I-215 freeway.Here are the details of the second quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date21 Jensen21134/3$369,900$349,5501705/29/0778 Tidwell13313/3$334,900$322,42013804/20/07100 Trevor16483/2$299,900$290,0003804/20... 07/22/2007

Home sales in Morningside, a neighborhood in the Green Valley area of Henderson, NV are off to a great start so far in 2007. Six homes closed in the first quarter, compared to only two in the same period in 2006.Existing resale inventory of 10 homes (plus 2 with accepted offers) means there is about a 4-5 month supply. Buyers have a few options, and often price and condition will be the determining factors. Homes in Morningside are located close to the amenities of Green Valley Ranch and have quick access to the I-215 freeway.Here are the details of the first quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date64 Westheimer21133/3$400,000$396,000202/26/0742 Westheimer13302/3$328,000$318,1601302/22/0774 Megan16883/3$319,900$304,50014501/29/07 50 Tidwell15103/3$299,500$2... 05/11/2007