Homes in Henderson

We have all available homes in Henderson from every brokerage in Clark county. There is no need to search multiple websites because everything is here on www.LeeAnnMix.com.

Our community pages have google drive maps, available listings and easy home search links. If you are interested in Henderson homes then visit our Henderson Communities for pages that include all the info a home buyer is looking for in neighborhoods such as Green Valley, Anthem, Seven Hills and Green Valley Ranch. Lee Ann Mix is a very experienced Realtor in Henderson. We have designed this site for buyers and sellers interested in Homes in Henderson and Henderson Luxury Homes.

Short Sale Homes or Foreclosure Properties for buyers?

If you are searching for foreclosures in Henderson, a Henderson Condo close to the strip, a short sale home in Henderson, it’s all here. The ability to search foreclosures or short sales is a simple click of the box on the Advanced Home Search. This is very important because short sales in Henderson are more than 50% of the market place.

A short sale is when a homeowner owes more than the home is worth and the lender who has the note accepts a “short payoff” on the home. On average a 300,000 house in 2006 is now worth 140,000. The lender or lenders will need to agree to sell the home for current market value. The biggest hurdle with short sales is the time frame. One of the first questions we always ask buyers is, “How soon do you need to be in a home?” Short sales in Henderson can take on average 2 to 4 months to close, sometimes much longer and in a lot of cases you can wait but the bank still forecloses on the property. At this point buyers will need to start all over again.

Nevada is a deficiency state which means on a short sale, the lender will have 6 years to pursue the seller for the deficient balance on the sale if is not waived in the approval letter. This is another reason why a short sale can fail. You may wait 4 months as a buyer, the short sale approval letter comes but the lender is unwilling to waive the deficiency. It may be in the sellers best interest to let the home go into foreclosure instead of going through with the approved short sale terms. In Nevada, the 1st lien holder only has 6 months to pursue the deficiency on a foreclosure compared to 6 years on a short sale.

This is why you need to have an experienced Realtor in Henderson to ask the right questions on a short sale listing you may want to write an offer on. You need to know is there a true hardship, who is the lender, how many loans, is there MI insurance, is the seller willing to contribute to the sale in the form of a promissory note or cash contribution (or both) if asked by the lender? Henderson homebuyers will need to weigh the options of whether it is worth waiting on a short sale for approval and the likelihood of it really being able to close.

Las Vegas still leads the nation in foreclosures. Foreclosures in Las Vegas are roughly one third of the current market. Las Vegas foreclosures will increase over 2011 and make up a bigger share of the Las Vegas home market especially as short sales are declined or sellers refuse to accept the terms of short sales. Foreclosure sales are bank owned homes or also known as an REO(Real estate owned). The bright side to the REO homes in Clark county is they can close in 30 days and there is no need for a lenders approval of a short sale. Las Vegas foreclosures are very competitive and home buyers need to be aware that most offers will end up in a multiple offer situation and the home can go even go over the list price.

Lee Ann Mix is an experienced real estate agent in Clark County, helping buyers get into foreclosed Henderson homes and short sale homes in Henderson.

Sellers

Being a seller in the Las Vegas Real estate market these days is uncharted territory for the majority of homeowners. With 60% of homeowners owing more than their home is worth, this is not how your parents sold a home. The days of writing an offer, presenting it to a seller and getting an answer quickly are very few and far between.

Sellers need an an experienced Henderson Short Sale Agent to handle the new frontier of home sales. Lee Ann Mix has been working with short sales for the last several years and has closed more than 70 short sales.

If you are interested in doing a short sale of your home, please visit our sister site www.LVShortSales.com for all of the short sale info you could ever want.