Las Vegas, NV, May 18, 2014 --(PR.com
)-- This North Las Vegas home for sale was listed in November 2013 for $235,000. This home was originally purchased for $453,480 and the current seller is the original owner. The North Las Vegas home sale type is a Las Vegas short sale.
This North Las Vegas home for sale is a single family home built in 2006. It is a 2 story home measured at 3,711 square feet with a lot size of 6,534 square feet. This North Las Vegas home for sale has 4 bedrooms and 3.5 bathrooms. This home also includes a courtyard, 3 car parking space, and a fire place.
This North Las Vegas home for sale is a Las Vegas short sale. The overall idea of Las Vegas short sales is to recover some of the debt owed to creditors when a foreclosure is a serious threat, in order to avoid the process of foreclosures altogether.
A North Las Vegas home owner may be able to sell their home for an amount that is less than what’s actually owed on the North Las Vegas home. In a Las Vegas short sale the mortgage lender must also approve and then agree to swallow the debt balance that wasn’t recovered during the sale.
The process of getting approved for a Las Vegas Short Sale can take months, but thanks to a new Nevada law called the “Homeowner’s Bill of Rights” that was introduced in October of 2013, banks cannot seize homes while Las Vegas short sales are being sought for homes so time constraints are not typically an issue.
A Las Vegas short sale in the North Las Vegas area is typically preferable to foreclosure because it avoids some of the fees and processes that come with foreclosures. Banks tend to allow homeowners to walk away debt free after a Las Vegas Short Sale, which means that there are no fines to face and it doesn’t end up on the home seller’s credit report.
This North Las Vegas home for sale is located in the zip code region of 89081. The number of North Las Vegas homes for sale increased by 19.1% from the previous month of April 2014. The median number of days North Las Vegas homes are for sale is 79.
The median listing price in this area is $176,190. In North Las Vegas, 32.3% of the homes for sale are distressed listings (Las Vegas short sales or foreclosures) in North Las Vegas 89081. The number of sales in January dropped by 12.8% from the previous month.
The Ballen Group of Keller Williams Realty Las Vegas originally specialized in Las Vegas short sales. Since the home market in Las Vegas is well on its way to recovery, The Ballen Group’s homes sales is currently down to 33%.
The Ballen Group was started by Richard and Lori Ballen. The Ballens became Las Vegas real estate agents in 2007. Later they moved to Keller Williams Realty Las Vegas to start their own team of Las Vegas real estate agents who service the Las Vegas area.
The Ballen Group – Keller Williams Realty Las Vegas
3046 S. Durango #100
Las Vegas, NV 89117