The Ballen Group’s Short Sale in North Las Vegas is Now Pending

Las Vegas, NV, April 26, 2014 --(PR.com)-- Another short sale has been managed by The Ballen Group. The Ballen Group is a team of Las Vegas real estate agents who originally specialized in Las Vegas short sales. Now that the economy is improving, The Ballen Group are selling less and less Las Vegas short sale homes and doing more and more traditional sales. Though there have been less short sales this year in Las Vegas, The Ballen Group are still more than equipped to get short sales sold fast.

This home, located on Madame Plantier Avenue in North Las Vegas, is a two story measured at 3159 sq. ft. The property’s lot size is measured at 6970 sq. ft. This Las Vegas home has 4 bedrooms and 3 bathrooms. This Las Vegas home is a part of the Rose Lake subdivision of North Las Vegas. This Las Vegas home was built in 2006. This single family home is in the zip code region of 89081.

This Las Vegas home was originally listed by The Ballen Group at $235,000 but is now pending an offer for $215,000. This home sold in May 2008 for $420,460. Since it is not worth what it was in 2008, the current Las Vegas home owners and Bank of America decided to enter in to a short sale with the aid of The Ballen Group.

A Las Vegas short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property. In addition, the property owner cannot afford or chooses not to repay the liens full amounts. Therefore, the lien holders, in this case Bank of America, 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 at Bank of America is known as a deficiency.

In this Las Vegas’s home’s zip code region of 89081, there are 175 homes that are listed for sale. 30% of those homes are “Distressed listings” meaning either foreclosures or short sales. The Median asking price of these Las Vegas homes are $180,370. These homes spend about 69 days on the market, but with The Ballen Group of Keller William’s Realty Las Vegas, Las Vegas homes are priced right and will sell quickly. This North Las Vegas Home had a contract signed by both the buyer and the seller a week after it was put on the market.

In the North Las Vegas Area of 89081, the number of homes that are for sale dropped by 12.2% from the previous month, March 2014. The number of sales in January dropped by 12.8% from December 2013. There is a total of 9,823 homes in 89081, 4,898 of those have children.

The median age in 89081 is 28. 29% of the Las Vegas residents in this North Las Vegas Area are married. The median household income in 89081 is $71,393 with 419 households earning in the range of $35,000 to $40,000 a year. The plurality of the Las Vegas residents earn $25,000 to $50,000 a year.

The Ballen Group at Keller William’s Realty Las Vegas is a group of Las Vegas real estate specialist. The Ballen Group is a top producing Las Vegas real estate team who service in traditional home sales and purchases as well as short sales. The Ballen Group was started and is owned by Lori Ballen and her husband, Richard. Richard and Lori Ballen live in Summerlin, Las Vegas.

The Ballen Group - Keller Williams Realty Las Vegas
Lori Ballen
3046 S. Durango #100
Las Vegas, NV 89117
702-604-7739
www.TheBallenGroup.com