REDWOOD CITY, Calif., Feb. 15, 2011 /PRNewswire/ -- More than 20% of homes in Nevada are in foreclosure or behind with payments as of the end of December 2010, the 2nd highest percentage of any state. Despite the ongoing reports of high unemployment rates and more homeowners finding themselves underwater, the reality is that a local recovery will come. And consumers in a position to purchase a home now have an opportunity to make an investment that could have a large pay-off down the road.
To make an informed home purchase decision, there are factors anyone considering a move should evaluate before beginning their home search. Local real estate market history, foreclosure rates, school performance and your neighbors are just a few of the factors that will affect your quality of life and the future value of a home.
Movoto.com is a free online resource now available in Las Vegas and Reno, Nevada. Families, or anyone planning to purchase a home, can use Movoto.com to gain access to accurate and complete multiple listing service (MLS) homes for sale listings, state test scores for schools, crime statistics, local market trends including foreclosure rates and more – everything they need to consider in their search.
"Buyers considering purchasing a home in Nevada need to do extra research before making a decision today," said Movoto CEO Henry Shao. "With so many foreclosed properties available in the market there are many great deals out there, but at the same time a buyer doesn't want to jump and purchase a home just because of the low price. By researching the home's past value, local school data, crime statistics, etc. on Movoto, buyers can get a better idea of what the future value of the home could return to in five, ten, fifteen years and know they are making a good investment."
For more information and to access the latest MLS homes for sale listings for free, visit www.movoto.com.
Founded in 2005, Redwood-City-based Movoto is led by an experienced team of real estate industry veterans and Internet technology experts with a shared vision of empowering real estate consumers. Movoto provides a unique online home buying solution that combines innovative, easy-to-use research tools with ready access to a network of experienced local real estate agents. Movoto's expanded service adds homes for sale in the Las Vegas and Reno metro areas to Movoto's current coverage of homes for sale in over 50 top metropolitan areas in the United States.