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Posts Tagged ‘Buying a House in Henderson NV’

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Investments of a Lifetime: Short Sales in Henderson, NV

Thursday, June 17th, 2010

So you have heard all of the buzz about the real estate market, and perhaps now you are considering purchasing an investment property for the first time. Maybe you have no idea where to begin, or which location to purchase a property within. This is not an unusual scenario. Many people out there are facing the same decision, yet they are too afraid to get the information they need to succeed and ask questions along the way. This article will discuss reasons why buying a short sale in Henderson, Nevada can be the investment of your entire lifetime.

Henderson is a city located right outside of Las Vegas. It is the second largest city in Nevada. Many families move to Henderson to get away from the craziness of Las Vegas. Many families with a working parent decide to move to Henderson for its more tranquil and peaceful vibe. This is good news for you, the real estate investor. This means that as people continue to move to Las Vegas for jobs, you can expect to see real estate values rise in Henderson.

Another reason to buy a short sale in Henderson, is because you can score luxury properties for affordable prices. This has never been the state of the real estate market. Typically luxury properties are called “luxury” for just that-they are unaffordable for the rest of the public. Now is your time when you can afford to buy a luxury property for up to 75% off the typical price. Now is your time to invest and receive the dividends in years to come.

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Investment Properties in Henderson, NV

Monday, June 14th, 2010

Henderson, Nevada is an innovative city, known throughout the nation for its premier master-planned communities and parks. It is a great place to raise a family because of its small town feel though it has big city amenities.

The city also has many great real estate investment opportunities available right now. Prices have come down to a level where it makes sense to purchase investment property for a long term hold. At these price levels it is possible to purchase real estate that will have a positive cash flow with normal financing terms. Though there may still be the possibility of a further decline in prices, that probability is getting increasingly less likely. Many properties are already selling below replacement cost, which means that builders have very little incentive to build more units, thus causing the supply of properties to stabilize.

Interest rates continue to remain low, and with the ability to lock in low monthly mortgage payments, investments in real estate look very attractive right now. Since cash flow is a large consideration in any real estate investment, low prices coupled with the low interest rates available make real estate investments look attractive.

When you add in the fact that Henderson is a great place to live, so demand should remain high for real estate, there are few places more attractive to invest your money today, Though the supply of real estate for sale is high right now, demand is also high.
It is only a matter of time before the demand outstrips the supply and prices will rise. Now is the time to buy investment property in Henderson, Nevada.

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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.

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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.

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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.

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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.

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Condos in Henderson, NV

Thursday, April 15th, 2010

Plenty of condos are to be found in Henderson, Nevada. Being the 2nd largest city in Nevada and just 7 miles from the Las Vegas strip, a lot of people are attracted to Henderson’s location. Many can be found ranging from $35,000 to $1.2 Million. Due to rising costs within real estate in Nevada, many land developers have provided affordable housing within Henderson.
Such condominiums as Traverse Point, located off the 215 Beltway have affordable housing in the mid $100,000 range, and offers 1-3 bedroom designs and come with washer and dryers as well as a private balcony. The floor plans available at Traverse point have a 700-1200 sq. ft. range. Another condo track would be Bighorn at Black Mountain. These are located near the 515 and the 95 freeway, and start around $160,000 and their floor plans range from 750-1350The area is fully gated, has tennis courts, RV and boat parking, pools and a gym for all its guests and residents.

As for the more expensive but better amenities would be The District located along Village Walk Drive. These rather large condos are very elegantly styled and range from 900-1800 square feet with a larger price tag in the $400,000′s. Near the Lake Las Vegas Resort is the Prima luxury condominiums which is surrounded by the Reflection Bay golf course. All the residents of Prima have access to Lake Las Vegas and all it’s amenities. The Prima has floor plans from 1600 to 3500 sq. ft. all having views of the golf course.

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Multi-Family Units in Henderson, NV

Monday, March 29th, 2010

You can find plenty of multi-family units in the likes of towns like Henderson, Nevada. Someone who invests in a home for the first time can even use the first time home buyer’s tax credit in order to make sure that they can get the best possible deal they can find. The best possible deal they can find may be closest to some of the finest schools in the Henderson area. You want to explore other tax credits within the tax code that can help a first time home buyer. You have to talk to your accountant about the exact goals you want to completely by buying the home and whether or not people in Henderson can qualify for these tax credits. Multi-family homes may get more tax breaks than some would like to see you think.

Some people who leave Congress and then go on to become a wealthy lobbyist mainly focused on helping the state of Nevada could be able to end up buying a multi-family home in Henderson, Nevada as a rental property. This property could end up being quite a great deal because so many people are often wanting to live in a great city like Henderson.

If you happen to want to live in a great city like Henderson, you also want to make sure your multi-family home in Henderson does have internet access. The use of the internet in order to order to start businesses and provide private start up capital is crucial. Broadband access is available in Henderson.

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Coming Up Short in Henderson

Tuesday, March 23rd, 2010

70% of all homeowners with a mortgage in Nevada are “upside down” in their mortgage, which means they owe more on their home than it is actually worth, and homeowners in Henderson are no exception. For many, especially during financial hardship, this meant going into foreclosure, which would impact a person’s credit score for 7-10 years in the future. Lately, though, there is a new real estate transaction that many homeowners are taking advantage of. It’s called a short sale.

In a short sale, the lender agrees to accept less than what is owed on the mortgage. Under President Obama’s Making Home Affordable program, the lender receives a $1,000 subsidy for agreeing to a short sale, while the seller would receive $1,500 in relocation assistance. If the short sale fails, the seller would then give the bank a “deed in lieu of foreclosure”. This helps the homeowner because many banks do not report a short sale or deed in lieu of foreclosure to the credit bureaus.

It is important to note that not everyone qualifies to do a short sale with the bank. There has to be extenuating circumstances, for example, loss of income, debilitating illness, or death of a spouse. Banks are more amenable to discussing short sales with homeowners now than in the past, especially due to the Nevada law that requires mediation between a bank and a distressed homeowner before the bank can foreclose.

Short sales are not a complete fix to the real estate crisis in Henderson, or for that matter, the country, but it is a great alternative to foreclosure.

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Buying a House in Henderson, NV

Wednesday, December 23rd, 2009

Henderson, Nevada is a known as a community of small town values with big city efficiencies. Henderson is a thriving and developing suburb of Las Vegas. 250,000 residents rank Henderson behind only Las Vegas as Nevada’s most populated city.

Henderson offers many housing choices, one of which is bound to meet your needs. Housing includes town homes, condominiums, retirement communities and ranch style single-family homes. With housing options starting in the $200,000 range, Henderson is an affordable option for beautiful desert living.

Henderson has a thriving independent economy. Local employers include: Rose Dominican Hospital/Siena Hospital, Ford Motor Credit, Good Humor-Breyers Ice Cream, Poly West, Levi Strauss & Company, Ethel M. Chocolates, Berry Plastics, Ocean Spray Cranberries, Inc., Graham Packaging Company, Interstate Bakeries Corporation and Pro-Caps Laboratories.

Its independent economy and the short 15-20 minute commute to Las Vegas are a big reason why Money magazine recently placed Henderson on its “Top 100 Places to Live” list.

There are plenty of entertainment options for the Henderson resident to enjoy. Besides the seemingly endless Las Vegas strip entertainment choices, Henderson residents have easy access to: the Hoover Dam, Las Vegas Zoo, Wet ‘n Wild Water Park, Lied Discovery Children’s Museum, the Las Vegas Art Museum and plenty of golf courses. Also, Henderson was voted by Prevention Magazine as “One of the Most Wakable Cities.”

There are 21 public and 21 private schools serving Henderson residents. Henderson is also a short commute to Nevada State College and the University of Nevada, Las Vegas.

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