Posted February 27, 2019 in Group Listings,Just Sold
Nevada Desert Realty’s Henderson real estate agents helped list and sell a home in the Henderson community of Seven Hills. This home was purchased with conventional financing.
The sold home in Seven Hills is located in the Lamplight Square subdivision inside this Henderson community. This home was sold for $319,000 and was purchased by a Henderson buyer using a conventional loan. This is a 4 bedroom 3 bathroom home with a 2 car garage. The home is measured at 1,900 square feet with a lot size of 3,049 square feet. This is a two-story home inside a gated community in Henderson.
Seven Hills is a master-planned community in Henderson. This community has a wide variety of properties and home values, ranging from the $150,000 range for a small condo to almost $6,000,000 for a cutting-edge mansion with a Strip and golf course view. Seven Hills is located in the southwest side of Henderson. Surrounding a golf course, this community features shopping close by, walking paths, parks, and more. Seven Hills boasts having the privacy and quietness desired by many wishing to live in a peaceful area, but still close enough to the excitement of the Strip and other entertainment options that Las Vegas has to offer.
The sold home in Seven Hills was purchased with a conventional loan. This is the most popular home mortgage type in Henderson. Conventional loans usually require a larger down payment than an FHA loan, but many mortgage lenders are starting to offer conventional loans that require smaller and smaller down payment percentages. Most lenders determine the amount of down payment required based on a percentage of the cost of the home being purchased. When a Henderson home buyer goes to a lender, he or she will often get preapproved or prequalified for a home. She or he will get a letter from that lender spelling out the amount of money they have to purchase a home with.
Your lender can also tell you the maximum amount of down payment you will need if you use every penny that you are preapproved with. For example, if a person is preapproved for $250,000 using a conventional loan with a 10% down payment, the buyer will need $25,000 cash on hand for a downpayment. As real estate agents, we’ve seen conventional loans only require a 5% downpayment. Talk to your mortgage lender to get details about your specific situation. To learn more about choosing a lender, send us a text or give us a call and we can help you work through what lender may be best for you based on your situation.
Nevada Desert Realty sold this home and another home in Seven Hills for the same client. These homes were meant to be investment properties and had been rented out by tenants which moved out before the home was listed on the Henderson MLS. While Nevada Desert Realty does provide property management services, they work in the best interests of their clients. In this case, it was in the client’s best interest to sell their Seven Hills investment homes. To find out more about selling your Seven Hills home, purchasing a home in Seven Hills, or investing in Henderson real estate, call or text Nevada Desert Realty at 702-509-1446.
