Summerlin home bidding wars are strong right now
Tons of buyers including institutional investors are putting in offers all over the Las Vegas area, Summerlin, and Henderson daily creating home bidding wars. Being on the buyer side is difficult right now as buyers are seeing a great property listed at a fair price then multiple offers come in a bid it up. We just had a cash buyer and and it took them 4 offers to finally get a house and it was of course over list price.
It seems that many parts of the country are also experiencing the same trends due to low inventory and low interest rates. This is an exciting time for sellers as their once worthless homes are now very desirable again. This is definitely a great market to be a seller in right now. Home bidding wars are here to stay for a while so don’t let this discourage you from bidding on a house right now.