Posted November 6, 2015 in Real Estate Advice,Short Sale Help,Uncategorized
This reduced North Las Vegas short sale has just been reduced from $89,900 to $79,900. This property in Cheyenne Estates has 3 bedrooms and 1.5 bathrooms. This is a single-story North Las Vegas short sale that measures 1,212 square feet but has a large lot size of 6,098 square feet. This home features a deep single car attached garage and room to park in the driveway as well. The backyard is very large with a large covered patio. This home’s living room is located in the front of the house and has a separate dining room.
The kitchen of this reduced Las Vegas short sale is its own room and is attached to the formal dining area. The kitchen includes a window overlooking the backyard and allows natural light to illuminate the room. This kitchen has space to grow and the refrigerator, dishwasher, and oven are included in the sale of this home. There is no HOA or association for this short sale in North Las Vegas 89030
This reduced short-sale home in North Las Vegas is located in the zip code region of 89030. This zip code region is located along the 93 freeway and covers 9.5 square miles. There are approximately 15,550 homes and condos in this zip code region and over 50,000 residents. The percentage of renters in this zip code region is 15% higher than the state’s average. This indicates that properties in this area may be good investment properties as many – over half – of the residents in this area are renters.
A short sale is a process of selling a house that is worth less than what the owner still owes the mortgage company or lender. Usually homeowners short sell their homes to avoid a foreclosure. Say someone bought their home at the peak of the housing market for $300,000, but now it’s only worth $200,000. In this instance, they would have to go to their lender and see if the lender would be willing to let the homeowner sell the home for the current market value. This can sometimes be difficult, but usually, the lender would rather work with their client than have to foreclose and deal with selling the home themselves.
If you have time on your hands and will be paying cash or have a large down payment for your property or have a decent down payment, a short sale may be perfect for you. Though banks make it hard to get an amazing deal, the key to buying short-sale properties is that usually they are outdated, and the sellers and the lenders do not want to spend money or time to prepare the home to sell at top dollar. In this case, usually, short-sale homes are cheaper as there may be repairs or upgrades that need to be made that the rest of the homes in the area already have. The fact that a short sale may need more work than traditional sales in the area will give you an edge against the bank to talk them down in price. This is true of course, if the lender you are dealing with is fair, which is not always the case.
Many real estate investors or those who are handy at repairing homes purchase short sales. Investors like them because the process is not rushed and they can purchase at a lower price than other homes in the area. Those who are handy with repairs can easily fix the house up to be just how they wanted it and instantly build equity in the home after the home is up to the standards of the neighborhood. Contact expert real estate agents at 702-509-1446 to determine if purchasing a short sale is right for you!
To get your free list of North Las Vegas short sales, contact the Klinger Group at 702-509-1446!!!
