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Justin Chang
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Office: 702-940-4500



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702-940-4500


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Archive for May 2010

Condos in Henderson, NV

Tuesday, May 25th, 2010

You can find plenty of good condos in Henderson, Nevada. You want to make sure that the realtor that you are working with points you in the direction of a condo that is big enough for your needs. Some of the condos in the area are simply too small for people who may have large families. You may soon realize that the small size of some of the condos in the area are why you don’t see more people actually bidding on them.

You may be able to find condos that are big enough to have several bedrooms. That means that you can stay there and have company for just over seventy five thousand dollars in total. That is a good deal for you. You can always develop other things on your land where your condo happens to be, the options need to be open to you. If your condo happens to be close enough to a place outside of town, you may be able to do some hunting if you want to. The truth of the matter is that many people may need a condo where they also happen to need a gun rack as well. Hunting and hunting rights can be very important to the people of Henderson.

You have to remember that the process of obtaining a mortgage for a condo is just like the process of obtaining a mortgage for a home. The mortgage lenders who will be helping you buy this mortgage will do everything they can to get you the best possible deal.

NOW IS THE TIME TO BUY A MULTI-FAMILY UNIT IN HENDERSON, NEVADA

Tuesday, May 25th, 2010

If you are looking to buy your place in the sun, now is a great time to buy a multi-family unit in Henderson, Nevada. Your local real estate professional can give many more details on this market segment, but the basics are this:

1) Real estate developers have over-built this market segment and there are many good deals in condos available in the Henderson market. Banks have foreclosed on other multi-family units and want to sell these units and are ready to make you a great deal.
2) Interest rates are still at historic lows. You can obtain a 30 year, fixed rate mortgage at a 5% interest rate. Lock in a low rate mortgage and be able to budget your monthly housing costs for the rest of your life.
3) A multi-family unit can be a great investment now, at a great retirement home in the future. You can have other people buy your retirement home for you by renting out the unit until you are ready to retire. With so many people (unfortunately) having been foreclosed on, you have a larger pool of potential tenants.
4) Real estate has always been a great inflation hedge over the long run. Many experts are predicting an increase in inflation due to the large budget deficits currently being run by the government. Take advantage of the real estate market now to avoid being priced out of the market in the future.

Buying a multi-family unit in Henderson, Nevada now makes a great deal of sense, and you seem to be the sensible type. Call a local real estate expert to help you find a great home, now.

SHORT SALES OPPORTUNITIES IN HENDERSON, NEVADA

Monday, May 3rd, 2010

A short sale is a sale where the bank allows a borrower to sell their house for an amount that is less than mortgage on the property. The term, ‘short sale’ refers to the money involved in the transaction. The proceeds of the sale fall ‘short’ of the amount required to satisfy the mortgage, but the lender accepts this amount as full payment of the mortgage.

As anyone who has ever dealt with the short sale process knows, it is anything but short. Most short sales involve a long, long time dealing with people far, far away. It fact, many potential buyers walk away from short sale real estate transactions because the process is often so daunting and drawn out.

Recent legislation, which took effect on April 5th, 2010, is aimed at streamlining the short sale process. This legislation standardizes forms, guidelines, and timelines that the lenders are required to follow. This should help troubled borrowers avoid foreclosure and assist potential home buyers navigate through the short sale process.

The latest statistics for the Henderson real estate market indicate that the number of short sale closings is increasing. The number of short sales available is also increasing. This number should increase as more lenders are being coaxed, with financial incentives through the HAFA program, to speed up the short sale process and provide better options for the seller and potential buyer.

You may be able to get a good buy on your home through a short sale. However, unless you are experienced in real estate, you may find the process intimidating. This is where your local real estate professional can assist you with the process from start to finish.

BUYING INVESTMENT PROPERTY IN HENDERSON, NEVADA

Monday, May 3rd, 2010

Looking for a good investment? Look no further the real estate market in Henderson, Nevada. There are some great deals to found in real estate. As Warren Buffet once said, “Don’t show me the best place to invest, show me the worst.” What he meant was that the best place to make money is where other people aren’t investing. That may be the case in Henderson right now.

Henderson (part of the Greater Las Vegas metropolitan area) is one of the communities ranked high in foreclosures and real estate price declines over the last several years. That means that there are more sellers than buyers and consequently prices have declined. Is now the right time to snap up some of these bargains?

History would say “Yes”. When real estate prices drop below replacement cost (as they are in some neighborhoods in Henderson), then prices will stabilize and begin to rise in short order. When you factor in current low interest rates with these low prices, that makes for a great scenario for potential profit. In fact, the Henderson real estate market is beginning to attract investors from around the country who are purchasing investment properties. Perhaps these investors have listened to Warren Buffet.

The only type of real estate that you should wary of is commercial property. While the economy is showing signs of a recovery, commercial real estate may be the last segment of the economy to recover. People always need a place to live, but businesses can relocate or close, decreasing the demand for commercial space.

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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