Las Vegas High-Rise Condo Tips
Exclusive Buyer’s Agency (Google it)
Before you buy property, learn your rights. “Buyer’s Agency” is encouraged in Nevada. As a buyer, you’re entitled to have a your own real estate agent represent you at new pre-construction developments and/or resale listing properties. Many times you sacrifice this right if you contact a sales center, website, or resale listing agent on your own. Read Aaron Auxier’s Bio to learn how Aaron protects his clients’ best interests.
Dual Agency (Google it)
Illegal in many states yet legal in Nevada. If you get into a dual agency situation, the agent is constrained from giving complete representation to both sides on the transaction. You can find yourself in a dual agency by visiting a sales office or contacting a resale listing agent direct. Protect your investment – come in with your own agent or REALTOR® to negotiate on your behalf.
Is Selling Las Vegas High-Rise Condos That Much Different Than Selling Wooden Houses?
Not all Las Vegas real estate agents have years of experience selling high-rise properties - Don’t forget to ask – How many closings in single family wood-framed homes do you have? How many closings in concrete and steel luxury condominiums do you have? Learn several important Questions to Ask a Las Vegas Real Estate Agent.
I’m proud of Aaron’s career achievements. From selling some of the most exciting penthouse condos in Las Vegas history, to an unwavering commitment to his niche market; Aaron has earned the respect of many of the biggest players in the industry.
High-rise is a niche market with plenty of quirks: FAA approvals, zoning changes, heights of upcoming buildings, views, balconies, land sales, price trends, development construction, amenities, multiple floor plans, title insurance, and lending all come into play. While residential luxury condos pose their fair share of challenges, condotel can be even trickier. See the Las Vegas Luxury Condo FAQ.
As one example, before sales started at CityCenter, MGM MIRAGE hand selected approximately 200 agents (out of over 15,000 in Clark County) to become part of their “Preferred Agent” program. In addition to being allowed to sell properties at CityCenter early, “Preferred Agents” have been allowed to sell privileged inventory in buildings such as Veer Towers, Mandarin Oriental, Vdara Condo Hotel, and The Harmon Hotel, Spa & Residences.