Integrity Inspection (IIS) Solutions asks the question, Is New Growth Possible for Recession-Strapped Las Vegas Commercial & Residential Properties?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 16, 2011 -- Charles Mandler, MArch, BFA, Six Sigma
Integrity Inspection Solutions
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FOR IMMEDIATE RELEASE

Charles Mandler – Owner / Founder
Integrity Inspection Solutions
Phone: 702-521-4129
Web Site: www.integrityinspectionsolutions.com
E-Mail: Charles@integrityinspectionsolutions.com

Integrity Inspection (IIS) Solutions asks the question, Is New Growth Possible for Recession-Strapped Las Vegas Commercial & Residential Properties?

Las Vegas, Nevada—November 14, 2011—According to a recent report put out by Applied Analysis, the answer is a resounding, “Yes!”. The U.S. recession and daily stories of startup and refinance struggles have severely added to the perception that the Las Vegas Real Estate Market is dead. Reports and publications have continually pounded the Buyer, Owner, Investor market that the Las Vegas commercial & residential real estate market has been decimated due to current economic troubles and investment properties have lost much of their value.

The Commercial properties market in Las Vegas trails the residential market by about 2 years, and commercial foreclosures and short sales are hitting the market now, yet some commercial property owners are in a state of shock and don't believe that their investment properties have lost most of its value. This is the reason for some crazy asking prices such as one million per acre for industrial land in North Las Vegas. As we are entering the new election year, it will take less than a year for commercial property owners to accept reality and until then foreclosures are the best bets to buy commercial real estate.

Distressed Las Vegas commercial properties and approved short sales provide for the best deals and are most appealing to the foreign investor who deals primarily in cash transactions. The reason for getting unprecedented deals in the commercial real estate sector is high vacancy rates. Otherwise leased properties would sell for much higher prices as investment properties based on cash flow.

As of July-2011 the vacancy rates for Las Vegas commercial properties are as follows:
1. Las Vegas Industrial space vacancy rate = 35%

2. Las Vegas Office space vacancy rate = 45%
3. Retail Space vacancy rate = 40%

Thus expect to get a vacant property which you may have to repair prior to leasing.

Charles Mandler a Las Vegas local see’s the doom and gloom as the pivot point for the community. A former Real Estate Developer and now Private Building Inspector has formed Integrity Inspection (IIS) Solutions a Real Estate Development-based consulting firm that specializes in Commercial and Residential Inspections and Property Condition Assessments for Commercial and Residential properties.

When asked, “Why Las Vegas?” Mandler replies, “Simple. The tide of the Owner / Investor in the U.S. has always been based on financing. As the cost of and requirements for financing has responded to the economic meltdown, the US investor is struggling to rise to the new standards. Foreign investors are not so easily swayed. Fact is, foreign investment philosophy has always been a generational strategy. Foreign markets are not as plagued by credit issues as the American Investor / Owner. To the foreign investor eye, “Opportunities are everywhere and they have the cash and collateral to make it happen.” “There is no doubt that Las Vegas, Nevada offers unparalleled growth opportunities for foreign investment firms. As the currency markets fluctuate, foreign investors still perceive the US and in particular Las Vegas as stable markets to invest and trade.”

Located at www.integrityinspectionsolutions.com , (IIS) offers insight, analysis and advisory services on hot issues pertinent to the Owner / Investor community. With multiple website listings and interaction through social media (IIS) hopes to build a user-driven awareness amongst Owners, Investors and Realtors that answers are available and there are companies focused and dedicated to meeting the new challenges with positive results.

“We’re hoping to become much more than just another inspection company,” says Charles Mandler. Like the mission statement says, “We" don't want you buying properties without knowing all of the facts. Purchasing Real Estate these days is a huge Commitment, and you don't want to be surprised by BIG expenses after taking possession or moving in. An experience well qualified INSPECTOR could prevent you from paying out thousands even tens of thousands in repairs: but only if you know about these problems BEFORE you buy. It's important you get this done prior to completing the sale.

Our goal is really to create a community where real estate professionals of all types can discuss what’s on their minds, learn what others are thinking, and perhaps even influence the way we, as an industry, do business.”

With the formation of Integrity Inspection (IIS) Solutions, we have provided Las Vegas a company solely dedicated to the restoration of our Real Estate industry covering Land, Retail, Office, Industrial and Residential properties to help buyers and sellers with tons of tools and expertise to help facilitate their deals. “For further information call 702-521-4129 or email us at integrityinspectionsolutions@cox.net

See us on the web at: http://www.integrityinspectionsolutions.com


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