America's wealthy see buying opportunities in sluggish real-estate market

CHICAGO (MarketWatch) -- Is now a good time to buy real estate? The size of your paycheck likely will play a big part in how you answer that question.

While many average Americans are skittish about the housing market, some of the country's richest citizens see the current conditions as perfect for buying, according to the Annual Survey of Affluence and Wealth in America, released on Tuesday by the American Express Publishing Corp. and Harrison Group, a market research and consulting firm.

Seventy-seven percent of the wealthiest people surveyed think real estate presents a "real opportunity" right now. In the survey, "wealthy" meant having discretionary household income of more than $500,000 a year.

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SOLD FOR 100% OF ASKING PRICE

1911 Napoleon Drive - Las Vegas, NV

• Property was previously on the market for over 6 months
• Generated 2 offers at the same time in less than 3 months
• Sold for the full asking price

FAMILY HOME GETS A NEW FAMILY

2303 Wagonwheel Avenue - Las Vegas, NV

• Previous owner had owned for 38 years - raised her children from infant to adult in the home
• Generated multiple offers through marketing efforts, which included investors who wanted to turn the property into a rental home
• Seller wanted to sell to a family with young children
• Found a young family with a toddler and and infant who were looking for the perfect home to raise their kids . . . this was a perfect match
• This "family home" was sold within 4 months
  

BUYER PAID 66.% OF ORIGINAL LIST PRICE

7970 Lookout Rock - Las Vegas, NV

• Negotiated a great deal for our buyer, saving them $1,000s
  

LUXURY HOME SOLD WITHIN 4 MONTHS!

9665 W. La Madre Way - Las Vegas, NV

Listing and Selling Agent

• Through Internet marketing, we secured a local buyer
• Generated multiple offers for this luxury home
  
  

Vegas REO Center

Due to the changes in the real estate market in Las Vegas, the DiRaffaele Group has added a dedicated REO department within the group.

This new department is a full-service REO group, with dedicated staff that manages all aspects of the REO process from BPOs through the closing of the property. Our expert staff has over 10 years experience with the marketing and selling foreclosed properties. Our REO staff only focuses on foreclosed listings; therefore, your listing will receive dedicated attention from the initial assignment through closing.

We work directly with banks, mortgage lenders and asset management companies to assist in the sale of their bank-owned properties. Our group also works with families who are in financial distress to assist them with the sale of their home before foreclosure becomes the last resort. We also assist local investors in finding foreclosed properties to rehab or rent.

Visit the services offered at VegasREOCenter.com.

FINDING A BUYER WHEN OTHERS WERE NOT ABLE TO

51 Quail Hollow - Henderson, NV

• This gorgeous luxury home was on the market for over 8 months with another real esate firm without finding a buyer
• Sold the home within 90 days of being the listing agent