Nevada Desert Realty helps client sell flip home in Henderson Nevada
Posted February 27, 2019 in Group Listings,Just Sold
Michael & Anna were thrilled to get their clients over $100,000 more than the client purchased the home for a little over a year before.
Originally, these Henderson real estate agents at Nevada Desert Realty helped their client purchase an REO home which was being sold below market value as it required a few upgrades before it was “move-in ready.” Nevada Desert Realty’s client purchased the home, made several quality upgrades at bargain prices, and sold the home just over a year later for over $100,000 more than they purchased it for. This home is in the Village neighborhood of Henderson’s Champion community. It is located in a cul-de-sac and just a couple of houses down is the community park and playground.
The flip home in Henderson Nevada was originally a bank-owned home. The bank was selling below market value in hopes to get it off their hands as soon as possible. Henderson real estate agents at Nevada Desert Realty found their client this deal and acted quickly to get their client’s offer accepted and escrow closed on this home. The client purchased the home and had instant equity as the home was priced thousands under market value. The client took their time over the next year to upgrade the paint, flooring, kitchen, and minor things here and there to get the home in move-in ready condition to sell. After staging the home and listing it with Nevada Desert Realty, the same Henderson REALTOR® who helped them purchase the home, the home sold for $465,000 which was over $5,000 over the list price. The home was originally purchased for $325,000. This client was very frugal in the repairs, even though they installed one of the biggest granite kitchen islands that have been in one of our real estate listings in Henderson, and was able to make a decent profit out of the flip home in Henderson Nevada.
This home in the Champion Community in Henderson is measured at 3,289 square feet with a lot size of 6,970 square feet. The home has 5 bedrooms with 3.5 bathrooms, a loft, and a 3 car garage. This is a two-story home. There is a master bedroom upstairs with a Las Vegas Strip view off the master bedroom balcony and a sitting area inside the master bedroom and a huge en suite bathroom and walk-in closet. There is enough room in the backyard for a pool to be installed as well as a covered patio.
Flipping homes in Henderson Nevada can be tricky. You have to have your timing just right like this particular client. They were able to purchase as the housing market in Henderson was increasing in value every month and continued to do so till they sold the home. The Henderson home flipper was also able to purchase a home that would have equity as soon as escrow closed because the home was sold under market value by a bank. There are very few bank-owned homes in Henderson now compared to when the housing market crashed several years ago, but deals can still be found by those who are willing to be patient. This client was also able to slowly make upgrades throughout the year that would increase the value of the home.
If you are looking for a deal in Henderson Nevada for your next investment property purchase, contact Nevada Desert Realty for a free investor consultation. What several of Nevada Desert Realty’s past clients have done is hire these Henderson real estate agents to help them find a great deal on a property, then manage it until the home gains enough equity to sell and make the client a good amount of profit while still collecting rent every month. If you are interested in investing in Henderson real estate, contact Nevada Desert Realty by calling or texting them to coordinate a time to meet face to face or to just answer basic questions that you may have at 702-509-1446.
