The Ballen Group of Keller Williams Realty Las Vegas is in the process selling another Las Vegas short sale home. Though Las Vegas's economy looking up, short sales make up 33% of The Ballen Group's Las Vegas home sales.
May 8, 2014 (Newswire.com) - A Las Vegas short sale is a sale of real estate in which the profits from selling the Las Vegas home will fall short of the debts secured by liens against the property. Also in a Las Vegas short sale, the property owner cannot afford or chooses not to repay the liens full amounts. 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.
The Ballen Group originally specialized in Las Vegas short sales. In the beginning, Las Vegas short sales made up a majority of The Ballen Group's business. As the Las Vegas economy is on the rise, Las Vegas home prices have begun to rise in value.
This Las Vegas townhouse is listed for $115,000. As a Las Vegas short sale this home is selling for over $75,000 less than what owner had originally paid for the Las Vegas townhouse in 2005. Las Vegas short sales tend to be priced low. The bank that holds the lien against the Las Vegas home wants the home to sell as fast as possible so that they can secure what funds they can for the property.
This Las Vegas townhouse is located on Palmilla Street in the North Las Vegas subdivision of Pamilla Townhomes. This Las Vegas townhouse measures at 1672 square feet and has a lot size of 1672 square feet. Built in 2005, this townhouse is a 2 story home with 3 bedrooms and 3 bathrooms.
The assigned schools in this area of North Las Vegas 89031 are Kay Carl Elementary School, Lied Middle School, and Shadow Ridge High School. There are 20,412 homes in 89031, 10,159 of those homes are households with children.
In Las Vegas 89031 the median age is 32. The median household income is $71,329. There are 1,029 Las Vegas households that earn between $35,000-$40,000 a year. 11.25% of the Las Vegas residents living in 89031 have completed a bachelors degree as their highest level of education.
The Ballen Group of Keller Williams Realty is a learning based company driven by the desire to learn more to do more. The Ballen Group believes in success through others. The Ballen Group is business that raises the bar and sets an example. The Ballen Group of Keller Williams Realty is a company that shows leadership and excellence among the real estate community.
The Ballen Group was started by Richard and Lori Ballen. The Ballens became Las Vegas real estate agents in 2007. After moving to Keller Williams Realty Las Vegas Richard and Lori built a team of Las Vegas real estate specialists who are dedicated to helping Las Vegas residents buy and sell Las Vegas homes.
The Ballen Group of Keller Williams Realty Las Vegas
3046 S Durango Drive #100
Las Vegas, Nevada 89117