I as a Realtor have had a very emotional couple of years dealing with what you walk into when you turn the key of a property that is in foreclosure.  Sometimes you pull up to the home and can tell immediatly that it’s going to be a diaster inside.  Most foreclosured home have dead grass, bushes and trees out front.  They also just commonly show distress of not maintance of any type for months.

Going inside can be just as distressed.  Some homes have been left in a descent condition but most of them have been distroyed by the either previous owners or renters.  Holes have been punched in doors and walls.  Kitchens have been totally removed, cabinets, counters, sink and appliances. I’ve been homes were people took 3 different kinds of ice cream syrups and drawn all over the walls.  People have poured bleach on the carpets. People have allowed their pets to take over the house and pee and poop anywhere.  I’ve seen graffiti on bedroom walls and in garages. I’ve seen homes left like they just packed their clothes and left everything else behind.  It’s so hard to handle seeing such distruction.

So what my question is how do the people that are buying these homes really feel?  Families have been living in these homes for years.  There might be hand prints left behind that was layed in a concrete slab.  Wind chimes left behind. Kids toys inside and outside. It’s go to be hard on the new owners too.  Consider how the neighbors might feel, they are probably upset their neighbors got foreclosed on and more upset that the new buyer just bought a home at maybe a third of what everyone else paid in the communtiy. It’s not to blame the buyer for the market prices in Las Vegas, it’s just really hard for all people involved sometimes.

So there has been a rise in short sales and the buzz is there are plenty more to come.  The banks are starting to loosen up their belts a little more than before.  Maybe they’ll stop whipping us around and actually start trying to work with the sellers and Listing agents. 

The whole valley is affected by the short sale market.  It’s common throughout the valley. Honestly, no area is barred from the short sale world.  People are trying to short sale before  they get foreclosed on.  Trying to save their credit somewhat. Actually, in a lot of cases it a better property than a foreclosure.  The house hasn’t been abandoned for so long.

Yes, I know you think of Las Vegas and you might think it’s an adult playground and it is. Yes, it is.  There is so much to do here it’s amazing.  I think that’s why enough people come here so many times that they decide they want to have a vacation home here.  And why not?  With prices they way they are right now lots of people are scrambling to buy that vacation home.  Doesn’t matter if it’s a condo or a single family residence.  So back to the differences between Palm Springs and Las Vegas.  The weather and tourism is probably what they have mostly in common.  There is a casino not too far away from Palm Springs so they actally have gaming too.

Both Las Vegas and Palm Springs get very warm/hot and dry in the summer.  They are both considered a desert environment.  And the tourists, Las Vegas couldn’t make it with the tourism nor do I think Palm Springs could either.  Even in 110 degree weather people still come to visit both places.

• Loyalty to clients and all parties involved in the transaction
• Honesty I live by the “Golden Rule”
• Knowledge of what it takes to close a deal
• Experience in the Las Vegas Real Estate market
• Web site knowledge
• Internet Exposure and how they market your Las Vegas home/investment
• Awareness of parties involved
• Acquaintance with facts
• Familiarity with the changing market
• Principles and facts
• How to handle all kinds of circumstances
• Creativity with marketing and how to handle other agents and other parties involved
• Informative to you and explains the home buying/selling process
• Comprehension of what to expect and be ready to handle the unexcepted

That’s right a few months ago everyone was all about helping out buyers find that perfect home.  Well things have changes drastically and it’s all about the seller.  Buyers are just drulling waiting for homes to go on the market.  We literally have no inventory …yes, of course their are homes or sale but it is very limited.  There is so many more buyers than homes for sales.  I’m not sure of the percentage, but it’s pretty large.

BUyers are getting extremely frustrated, waiting and waiting for a place to go on the market only to find there are 17 or more offers on that same property.  They wonder how many offers on how many different homes will they have to write before their offer is accepted? 

Also, one word of caution to buyers.  Beware of lenders who are taking advance to desperate buyers.  I  have noticed that many listing agents only allow certain lenders to do the loan on their Las Vegas property that they have listed.  Which can be a very large problem for buyers since they are not allowed to shop around and get the best deal.  Just a little heads up to buyers.  beware and ask lots of questions.

In Las vegas right now there is a high demand for buyers to find a home to  buy.  Our inventory here in Las Vegas is very low.  Banks are being very slow about releasing their foreclosed homes into the housing market.  I realize they are trying to work and supply and demand theroy which is kind of working but it’s also Las Vegas we are not like the rest of the U.S.  Our level of unemployment is very high and people are scared to buy homes because of the thought of losing their job/jobs.

This market is now targeted at helping the sellers.

Yet, prices are low and interest rates are fantatstic along with the government 8k rebate program.  That what is making  our market desirable. 

If you are thinking about selling your home either short sale or regular normal re-sale give me a call.  thanks for your time. Penny O’Brien with RE/MAX Experience. htttp://www.Pennysproperties.com

Hello,

Welcome to my site and know that I realize you have probably visited many other Real Estate sites and I appreciate you taking the time to check out my experience. I have access to most all properties listed for sale In the Las Vegas, North Las Vegas, Pahrump, Henderson and Green Valley area. I will be representing your best interests. there’s been a continuing statement for a number of years that I hear express: Many people believe they can save money by going directly to a listing Agent to negotiate their deals. This can be a costly mistake. The listing agent is legally bound by contract to look out for the sellers best interestand we don’t want a conflict of interest taking place. Which I’m not saying that it can’t be handled successfully, I’m just allowing you to understand the importance of this situation. The same goes for purchasing a new home in Las Vegas and the surrounding area.  If you don’t take an agent in with you on your first visit to view the models the builder will not allow you to have anyone represent you.

Once we  find the home you want to buy, I will guide you through the negotiations, inspections, and details of finalizing the purchase of your home. within how the market is changing here almost daily  doing business with an experienced Real Estate Agent is more important than ever. It’s very important to be working with a Real Estate that is taking courses and keeping up with the ever changing disclosures etc.
As the Golden Rule reads I practice as do unto others as they do unto to you. I am absolutely 100%determined that my clients find the best home/homes and get the best possible. It’s important for me that you share your wondeful experience that you had working with me to find that perfect home here in Las Vegas.

1.5 ACRES WITH 7 CAR GARAGE, 3200 SF HOME

RE/MAX AGENT HAS LOTS 0F INTEREST ON THIS PROPERTY

• BEAUTIFUL RANCH WITH 7 CAR GARAGE, POOL WITH SOLAR HEATING
• OFFICE IS TILED
• LOCATED ON 1.5 ACRES
• TILE AND CARPET
• SEPARATE LAUNDRY ROOM
• CEILING FANS
• LARGE BONUS ROOM WITH WALK OUT TO THE POOL
• MASTER BATH WITH DUAL SINKS, SEPARATE TUB AND SHOWER,
• MASTER SUITE HAS DOOR TO THE POOL ENTRANCE
• UPGRADED OUT SIDE DOORS WITH BLINDS BUILT IN
• TWO AIR CONDITIONING UNITS
• PULL OUT SHELVES ON BOTTOM KITCHEN CABINETS
• BATHROOM IN BONUS ROOM
• LARGE POOL WITH SAND FILTER
• TAN AND BEIGE CARPET
• GARAGE HAS WASH ROOM AREA

7 CAR GARAGE ON 1.5 ACRES

Call Penny O’Brien with RE/MAX Experience for a private showing.

It’s heart breaking out there in the buyers market of Las Vegas, The inventory is very low, most listing agents are selling them to agents witin their office or to their buddies. 

I realize President Obama is trying to introduce all these programs to the Real Estate world in order to help buyers.  We have the 8k tax credit, mitigation between buyer and seller.(that’s a joke).  Banks have the say so and they usually say no.  As hard it sounds it’s true.  Banks and thrid party investors have the American public by the balls.  If you don’t believe me ask a friend or nieghbor they will tell you their hell story of trying to save their home.  How they tried and tried for months to stay in their home with no positive results.

So, the question is where are all the homes for sales.  The banks are telling home owners no to their request of working out a deal to stay in their home.  The bank takes the home and then what?  Usually it takes a banks a few months to get everything in order to market the home. 

Las Vegas has no standing inventory with new homes or much of an inventory related to re-sales.  This market is so confusing to everyone involved.  Even the big REO Realtors are hurting.  I see they are actually advertising for short sale business.