Southern Nevada’s housing market is booming again, but the stress of buying or selling a home is keeping would-be consumers sidelined.
Opendoor, a San Francisco-based home buying and selling company surveyed more than 1,000 Las Vegas homeowners and found 31 percent said they would rather get a root canal and 28 percent would rather get a colonoscopy than sell a home.
Opendoor, which has offices in Las Vegas, developed a system to allow quick sales online, in just days, with best-in-market valuations.
Opendoor’s app lets buyers check out any Opendoor property for sale on their schedule with the simple touch of an app. Opendoor also offers a 30-day money back guarantee. If a buyer moves in and doesn’t like the house, Opendoor will buy it back, no questions asked.
Opendoor, which opened its first office in Phoenix in 2014, was named one of the top 25 billion-dollar startups of 2016 in Forbes magazine. Visit www.opendoor.com/homes/las-vegas for information.
Highlights of Opendoor’s homeowner survey:
Q: “What would you do if moving was stress-free and simple?”
- 42 percent would move to a bigger house.
- 30 percent would move to another city for a better lifestyle.
- 24 percent would move closer to family.
- 20 percent would move to another city for a new or better job.
- 15 percent would move to a smaller house.
Q: As a Las Vegas homeowner, are you thinking about moving?
- 31 percent say they are completely likely to move in the next five years.
- 41 percent say they’re slightly likely to move in the next five years.
- Only 28 percent say they’re not at all likely to move in the next five years.
Q: What are your worries about the sales process in Las Vegas?
- 42 percent think they won’t get a good price for their home.
- 35 percent think the home selling process will take a long time.
- 30 percent worry about the repairs/upgrades they need to make to their home before they list it.
- 29 percent worry they won’t find another house they can afford.
- 27 percent stress about having to pay a real estate commission.
- 26 percent stress over whether the selling process will disrupt their lives.
Q: How do you feel about living in Las Vegas and Nevada?
- 53 percent say Nevada is “very ideal” or “completely ideal.”
- 57 percent say the same about their actual home.
- 54 percent say Las Vegas is “very ideal” or “completely ideal” and only 6 percent say it is “not at all ideal.”
- 48 percent say the Las Vegas metropolitan area is “very ideal” or “completely ideal” and 6 percent say it is “not at all ideal.”