Based on the market statistics, the distribution of available supply versus demand for properties for sale is 13 to 1 but for rentals is only 1.5 to 1. Therefore renting a property is about 9 times easier than selling a property.

While sellers have desperately put their properties up for sale, most buyers are postponing their home purchases and are waiting for the market to settle down. In addition, it is now getting a lot tougher to secure a home mortgage. There is almost no underwriting on anything that is not a conforming loan. Mortgage brokers are now prohibited to grant so-called stated income loans. The credit crunch continues to worsen and more and more properties are being foreclosed upon by lenders.

Instead of just listing the property for sale in such a sagging market, a lease/sale combined packaged may be more practical for sellers. First, the property may generate lease income to soothe seller's mortgage payment burden. Second, a good tenant can pay utilities and maintenance expenses. Third, the property is occupied and kept in good shape which lowers the risk of break ins.

NREC specializes in rentals, sales and property management. Our full range of services will alleviate your concerns about your real estate investment. The current Las Vegas real estate market has seen some extreme changes and fluctuations. The changing market has given sellers more competition than ever before. NREC can help you to survive and grow financially at this critical time.