Upside Down Calculator for Homes in Las Vegas

Las Vegas Homes

How upside down are you on your home? How long will it take until you are not upside down on your Las Vegas Home? What if you did a short sale on your Las Vegas Home and bought a new Home in Las Vegas in 2 years?

This Upside Down calculator will allow you to estimate how long you will owe more on your Las Vegas homes than what is owed on them. If you are faced with foreclosure, this will give you a left brain view of the situation. The numbers do not lie.

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Of course your home is also an emotional part of this equation and it does not always come down to the logical thing to do. If you are faced with foreclosure, an experienced Las Vegas Realtor can help you complete a Las Vegas Short Sale on your home. Plugin your numbers below and see how long you will be upside down on your Las Vegas Real Estate.

No one has a crystal ball to tell exactly what the future holds, but this is a fun little tool to see just how long it could take.

Here is the typical Las Vegas Homes scenerio:

Joe and Mary bought their home for 280,000 in 2006. That same home is now worth 130,000. If the market is at bottom today and the Las Vegas Real Estate market had a normal 4% rate of appreciation. Case and Shiller report between 1987 and 2009, the US had an average rate of appreciation of 3.4%.

In ten years time, Joe and Mary would still be $87,568.24 upside down compared to having $51,823.76 in equity. In 20 years time, they would now have a hefty $4,846.01 in equity compared to $144,238.01 in equity in the new home.

Bottomline Joe and Mary would have nearly $140,000 more by completing a Las Vegas Short Sale today and buying new Las Vegas Homes in two years. No one has a crystal ball to tell exactly what the future holds, but this is a fun little tool to see just how long it could take.

Here is the typical Las Vegas Homes scenerio:

Joe and Mary bought their home for 280,000 in 2006. That same home is now worth 130,000. If the market is at bottom today and the Las Vegas Real Estate market had a normal 4% rate of appreciation. Case and Shiller report between 1987 and 2009, the US had an average rate of appreciation of 3.4%.

In ten years time, Joe and Mary would still be $87,568.24 upside down compared to having $51,823.76 in equity. In 20 years time, they would now have a hefty $4,846.01 in equity compared to $144,238.01 in equity in the new home.

Bottomline Joe and Mary would nearly $140,000 more by completing a Las Vegas Short Sale today and buying new Las Vegas Homes in two years.

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