I retired and am interested in moving to Las Vegas, NV and buying house with 4 bedrooms. Compared to the prices of housing in other cities I've seen, Henderson is very affordable. However, I also heard that the foreclosure crisis has hit particularly hard that area. What is the real estate market there now? Is it a good time to buy? Or is the market very unstable. I'm not looking to flip the property, looking for a place to live for a long time. And so today I learned that … It is a good time to buy. Be very aggressive with the price. Figure 50% of 2008 real prices – or less. Most of the ads are still unrealistic. Watch local newspapers to see what the closing prices are real. Remember that the prices quoted in the paper are usually the final list price, which may have been reduced many times. If you qualify for a mortgage, or are paying cash, you have a tremendous advantage. That would make inquiries and hope to offer 70% or less of the list price if a property has been on the market for more than 6 months. Less if any house on the block is in foreclosure or bank owned. Do not buy into any street, where more than 2 houses are in foreclosure within a 3 block radius.
Information about Henderson. Homes in Henderson, Nevada. A guide to the community and living area.