Las Vegas real estate agents at The Ballen Group are have listed a Henderson home for sale. This Henderson home in 89011 was listed in 2013 as a short sale. This home was originally listed for $48,000. Due to the recovery of the Las Vegas real estate market and the rising home prices in the Las Vegas Valley, this home is now listed at $64,000.
This Henderson real estate MLS listing is located on Hunter drive in the Henderson zip code region of 89011. This Henderson home for sale has 3 bedrooms and 1 bathroom. This home was built in 1962 but has been remodeled. This home is measured at 1,152 square feet with a large lot size of 12,632 square feet.
This Henderson short sale home is a single family, single story home. This home has a yard large enough for a pool or RV parking. The Las Vegas real estate agent working with The Ballen Group said this Henderson home has a, “good sized living room and kitchen.” This home does not have an association or an association fee.
The Ballen Group’s Las Vegas real estate agents get Las Vegas homes sold for 103.8% on average. The Ballen Group specialized in Las Vegas short sales when the team was created. After the Las Vegas real estate market started recovering, The Ballen Group’s business has included less and less short sales. Today The Ballen Group’s business is less than 33% short sales.
A Las Vegas short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property. In addition, the property owner cannot afford or chooses not to repay the liens full amounts.
Therefore, the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency.
With foreclosures on the rise in the US, banks are looking for any way they can to minimize their foreclosure losses. Basically, it is much more cost effective for a bank to agree to a Las Vegas short sale rather foreclose on a home in Las Vegas
.
Banks aren’t in the business of owning Las Vegas real estate and collecting monthly mortgage payments, so a bank will take a minor loss in a short sale to start that payment cycle again. In addition, if the home is in foreclosure, a bank must pay for upkeep, insurance, and other costs. Plus, through the foreclosure process, the bank would incur legal and court fees.
The number of active listings in Henderson 89011 increased by 6.2% from the previous month. The median number of days active properties have been listed is 73. The number of sales in June dropped by 83.8% from the previous month.
The median listing price of homes for sale in Henderson is $254,800. There are currently 253 homes for sale in Henderson. 19% of those homes for sale are distressed listings. A distressed listing is either a short sale or a foreclosure.
The percent of owner occupied properties in Henderson 89011 is 48.88%. This percentage is 14.22% below the national average. The percent of rental properties in Henderson 89011 is 30.7% which is 11.46% above the national average which is typical for urban areas.
Median household income in 89011 is $63,631 with 427 households earning between $35,000 to $40,000 annually. The income bracket with the largest amount of Henderson 89011 residents earns between $25,000 and $50,000. The second largest income bracket earns between $50,000 and $100,000 a year.
For the zip 89011, 14.93% of the people have completed a bachelors degree as their highest education level. 8.97% have received their associate’s degree as their highest level of education. 21.32% of the residents in this region are reported to have completed some college.
The median age in this area of Henderson is 35. 33% of the residents are married. There are 7,934 homes in Henderson 89011. Out of those homes there are 2,505 homes that are reported to include children in the residents.
The Ballen Group at Keller Williams Realty Las Vegas was started and owned by Richard and Lori Ballen. The Ballens became Las Vegas real estate agents in 2007 and quickly became the top producing Las Vegas real estate agents on their team. After a few years with Coldwell Banker, the Ballens moved to Keller Williams Realty Las Vegas an began building their own real estate team.
The Ballens are no longer directly involved in real estate though they still own The Ballen Group. Richard and Lori now travel the United States and teach others how to build a team, market their company, and the secrets of success.
Are you interested in finding out more about Las Vegas short sales? Do you want to short sale your Las Vegas home? Contact The Ballen Group for a free consultation!
Seller: 702-482-7739
Buyer: 702-604-7739
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