Las Vegas High Rise Condo NEWS In The News 01/01/08-07/01/08

Check out what the mainstream media has been covering about the Las Vegas High Rise Condo market from the beginning of this year to date. The mainstream media likes to discuss the negative side of things more than the positive, how do you feel about the coverage the Las Vegas High Rise Condo market has received? Hope you enjoy and feel free to comment or e-mail me turnercbw@yahoo.com.

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Big Cash Hits Vegas But Not At The Tables

I have been reporting on the local High Rise Condo market and it's latest activity for all my readers and everyone interested in the oppotunity's it has for the simple reason to clear the air of all doom and gloom talk because the sun is always shininng in Las Vegas. The credit crunch has hurt many people through out our Nation, oil & gas prices through the roof have taken a signifigant toll on everyone, foreclosure rates at all time highs are forcing familys to loose their homes, and a weak dollar is not good for any of us. Over the last year there have been huge record breaking sales of ultra luxury propertys from estate homes to High Rise Condos and most of them have been for straight CASH. Not many people have covered this type of activity because unfortunatly the masses eat up drama like there is no tomorow. This means alot in my opinion because i see big money moving into town which means the city is about to experience something it's never experienced before. This amazing turn around/ come back or what ever you would like to lable it will not be instant but there will be a noticable change approching fast. Now if you have been observing the market for some time just waiting and watching and debating whether or not you should buy a Las Vegas High Rise Condo or Luxury Estate Home let me make something perfectly clear SNAP OUT of it and BUY BUY BUY like you have never bought before because prices are just right and with the right representation you will definatly win like you've never won before.

Lets me expalne something for those who might not be following me. Peoples have experienced emotional disstress over having everything in their lives turned upside down from gas to grocerys they can't imagine purchasing a house because NOBODY else is for one and secondly the media tells them the horror stories right before they go to sleep at night. If you are smart and educated you can see this is a perfect time to buy because prices are at all time lows, sellers are extremly motivated and more and more peopl are due to catch on to this so prices will naturally rise once agian to places we have never seen before. These are confusing times but if we listen to comon sense, reman calm and aline our selves with true profesionals we can aviod regretable mistakes.

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City Center Workers walk off Job

I reprted last night that MGM's Multi million dollar development was getting ready to lose one of it's main assets, it's construction workers. Work usually goes on around the clock at CityCenter, the largest private commercial development in U.S. history so if workers aren't working there will be delays with the completion of the massive multi billion dollar develeopment. It's sad to see so many people loose their lives on the job, this latesyt death was the sixth person to have lost their life at MGM's City Center construction site. Workers have formed a picket line in front of the developments strip entrance. There is no time line set for how long work will be stopped on City Center but according to sources the workers are refusing to go back to work under the same unsafe conditions. Click Here to watch a short video of the picket line on the strip in front of city center & Click Here to watch a video of the announcement that was made by union leaders who are demanding action be taken from the general contractor. I will continue to keep everyone posted on this story so please check back soon.

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Can't Close Escrow on your High Rise Condo? What Can You Do? Find Out Here

Over the last month or so i have received an increasingly large amount of phone calls from High rise Condo buyers who are not in a position to close escrow on their vertical property's for one reason or another. I have encountered people who can't qualify for the loan and people who can qualify but don't want to close. There are so many different situations that people are in that it just doesn't make sense. I have had people call and tell me one thing and others tell me the complete opposite. If you are in this situation you first need to read your sales contract thoroughly, then contact the sales department at what ever development you have a property under contract at. In my experiences the developers are more than happy to help people out in these types of situations to the best of their ability. Once you have talked about your situation with a development representative you will have a clearer understanding of what your options are. After you understand what options you have it will make things easier on yourself and you can work on things from there. The #1 problem that i have been hearing from people in these types of situations is that they either can't close escrow or they can close but don't want to pay a high down payment. One solution that some developers are allowing people to do is to do a contract transfer or assign their contracts to someone else. This is only an option for people who have been specifically told by their developer that they can do this and if you haven't been told this then your not allowed to do so. I have helped several people who have gotten the OK from the developer to do a contract transfer but the task has not been easy. People who can't close on their High Rise Condo need to understand the quicker they take action and speak to the developer about their situation the easier it makes it on everyone. Now on the positive side of this equation if you are able to close and don't have a problem with paying a little higher of a down payment than a traditional style loan then you are in a great position. The reason you are in a great position is that you can pick up property's at 2005 &2006 prices which means instant equity for you. This is only a good idea if you want to buy a High rise Condo and don't want to pay 2008 prices and also you have the opportunity to pick up some very prime unites with some of the best views in town. Like i mentioned earlier i am currently working with several people who can't or don't want to close on their Condos so if your interested in this type of deal i can be of help to you. I have access to Palms Place and Trump International Condos that are way below what the developer is selling their Condos for because like i said these property's were put under contract a few years back during pre construction phases of the developments. Contact me today to learn more about how you can pick up a High rise Condo at 2005 prices in 2008:)

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Las Vegas High rise Condo Construction Update#1

Many people believe that just because the mainstream media choses to report on the horrific housing market and it's current condition that there is no opportunity to make money in any Real Estate market. I am here to say there is plenty of money out there to be made especially in the High rise condo market which has an average price per square foot of $720* as of right not. People have heard stories of huge gains in the NEW Vertical residential market here in Las Vegas and will continue to hear similar ones in the very near future. I will continue to update all of my readers and visitors on the current market conditions for the new high rise condo sector here in Las Vegas. I am starting a video collection dedicated to bringing all of you the latest news and construction updates as i receive them. Below is the first video of this nature and i hope you all enjoy it and be sure to check back at least once a week to see new videos containing important High rise condo news and updates. Thanks for reading and enjoy.

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