Posted June 15, 2020 in Group Listings,Just Sold
Nevada Desert Realty sold their client’s Henderson home with a pool and spa in Fox Ridge Terrace. This home was purchased by a cash offer and closed escrow just over a month after the home was listed for sale on the Henderson MLS. This home sold during the COVID 19 lockdown and Nevada Desert Realty’s Henderson real estate agents were thrilled to be able to get their client’s home sold during such a precarious time.
This Henderson home with a pool and spa in Fox Ridge Terrace is a 3 bedroom 2.5 bathroom home with a 2 car attached garage. The home is measured at 1,974 square feet with a lot size of 6,970 square feet. The home has a front patio with desert rock landscaping. The foyer of this Henderson home with a pool and spa is dramatic with a switchback staircase and a landing crossing overhead and has vaulted ceilings as you walk into the living room. The master bedroom is actually located downstairs with the second and third bedroom upstairs. This home was built in 1987. The home was sold for $368,000 or $186 per square foot.
Fox Ridge Terrace is a Henderson neighborhood located in the zip code of 89014. The closest major intersection to this Henderson neighborhood is Valley Verde and Warm Springs. This subdivision has CC&R’s or certain rules that residents need to follow that generally contribute to the good upkeep of the properties. There is also a park and a playground within the neighborhood. Henderson residents have access to many city parks such as Sunset Park, Hidden Falls Park, Discovery Park, and many more. While residents have a fantastic opportunity to explore the parks around Henderson, it is always nice to have one within your own neighborhood.
The home with a pool and spa that was sold by Nevada Desert Realty was purchased with a cash offer. The home was listed for 15 days before accepting the cash offer and escrow took about 17 days. Cash offers can have a much shorter time period than an escrow with a buyer who has FHA, conventional, or VA financing. This is because there are much more regulations that have to be considered with a financed offer. There has to be an appraisal of the home by the lender to ensure that the home is worth what is being offered. The lender has to process the appraisal along with other forms and documents legally necessary to fund the purchase of the home. The lender also needs to consider whether or not the buyer is qualified to receive a mortgage of a certain amount and if they remain qualified to purchase the home throughout escrow. It’s not uncommon for buyers to decide they also need to make a big purchase and then their debt to income ratio is changed or they lack the cash on hand needed to qualify for the loan. There are pros and cons for all means of purchasing homes in Henderson, but cash offers present a much lower risk of the escrow getting canceled and can provide for a much swifter close date than financed offers.
Nevada Desert Realty is owned by Henderson locals Anna and Michael Klinger. The Klingers have been real estate agents for over 18 years and love helping others become Henderson locals or sell their Henderson homes. They love being able to negotiate on behalf of their client to get them the best deal possible and make the real estate transaction process a smooth one for their clients. The office is located at 40 E Horizon Ridge Pkwy #101 in Henderson, NV 89002 and the office phone number is 702-509-1446.
