A long with depression and sadness people are experiencing in the Las Vegas housing market a fear of panic if I may say.  I’m not a cilnical Dr. but I see what is happening behind closed doors for many Vegan’s. 

People whom I’ve know for a number of years who very rarely drank alcohol are starting to drink.  Home owners men and women are seeking anti-depressants because they can not deal with what is happening here.  People are scared of losing their jobs. People are losing their jobs, People are losing their homes to short sale, foreclosure, bankruptcy, or by being kicked out of a home that they were renting and now has gone to auction or foreclosed on.  Domestic violence is up too.

It’s a shame that we are in this boat that is sinking.  I take listings on a daily basis.And I will tell you that the heart ache, shame, embarrassment, and anger is very sad.  So many times I leave the listing and just think to myself how can this be happening to so many people?  I heard the other day that 8 out of 10 home owners will be removed from their residence due to this housing crisis.

We all need to support each other more than ever and understand that you are not alone in this situation.  It is a unavoidable situation for many people to be in but it can and will get better. 

Remember your home is just four walls and stuff to hold it in place.  You can make your home anywhere you want and move forward with life.

I feel pretty and witty and bright. If homes could sing I think all of the poor Las Vegas homes that have been sitting vacant for a number of months/years would be singing this song….

If anyone has set foot into a foreclosed home or bought one you know what I’m talking about,,, most of the homes have been torn up.  Toilets are missing or just plain disgusting.  Kitchens have been removed, cabinets removed, no counter tops, no sink.  Appliances stripped of the property. Yards left trashed and dead.  Interior walls written and spit on.

Electrical wires left bare hanging from ceiling fans being yanked down.  Closets have had their shelves removed. 

lLas Vegas neighborhoods left with multiple damaged homes ….

THEN a buyer comes in and purchases a home and this home is brought back to life with a little TLC and of course $$$$$…

The housing community starts to come back to somewhat normal. 

PRETTY again. 

It’s been a long time waiting for some of these Las Vegas homes.

Penny O’Brien
Re/MAx Experience
702.321.9383
http://www.PennysProperties.com
Penny@Pennysproperties.com

As a RE/MAx agent in Las Vegas we have the opportunity to go up in the RE/MAX balloon.. Weather permitting of course.  I am extremely scared of heights and seriously can’t get any higher than the first few steps on the ladder.  But I got brave one day and decided why not?  Why not get up there and see what it’s like.  So I did.  As part of going up in the balloon you need to be part of the set up and take down part.  So you show up early, usually right as the sun is starting to rise.  The pilot of the balloon instructs you on how and what to do, he then does this thing to fill the balloon up and pretty much after that you get in the basket and go. 

It is so amazing how quite it is when you’re up in the air so high.  It’s so peaceful.  You don’t hear traffic, looking down was a little frightening and if someone in the basket moved an inch I about lost my mind.  But besides that it is so very wonderful. 

If you ever get a chance to go up in a hot air balloon… DO it.  it’s amazing.  The view of the Las Vegas strip and the whole valley was wonderful.

Beautiful home located in the south west of the Las Vegas Valley, it has amazing curb appeal, When you walk through the front door you just know your home.  Tile throughout the downstairs.  Laundry room located upstairs, Master suite has a retreat. Loft upstairs along with 3 bedrooms. Master bath has double sinks upgraded wood cabintry, HUGE roman tub. Watch the video and you will see how wonderful this house is.  Penny O

http://www.pennysproperties.com/blog/2009/10/16/the-amazing-ho…ort-sale-videothe-amazing-house-located-at-9126-black-maple-las-vegas-nv-89148-short-sale-video/

I am a very aggressve real estate agent, now that the Las Vegas housing market  is in such distress I am even more aggressive and determined to make these short sale listings work.  I love a good challenge. I like to help people get moving (out of their home situation) and moving on with their lives.

I am very powerful and an influential person when it comes to business.  I am very energetic and ambitious, they call me the go-getter.

Seriously, I’m just out there to help as many home owners as I can to help short sale their Las Vegas home.  Give me a call and let’s talk about if short sale is something that may work for you.

Buyers, don’t be afraid to buy a short sale.  You can purchase a wonderful home at a fantastic price. 

One very important factor is to make sure the listing agent knows how to handle short sales and has experience.  if not you can get yourself into a mess and end up losing the house to foreclosure. 
Have a great weekend everyone.

Penny O’Brien with RE/MAX Experience.  702.321.9383 

• Changes are effective as of January 1st, 2010.
• Mortgage brokers and commission based lender staff are now prohibited from selecting the FHA appraiser.
• Lenders aren’t required to use Appraisal Management Companies.
• When the borrower switches to another lender, FHA prohibits the 2nd lender from ordering additional appraisals to obtain a higher value, unless:  The DE Underwriter determines the 1st appraisal is deficient,  The Appraiser of 1st appraisal is on 2nd lender’s exclusionary list, or First lender delayed the appraisal transfer to the 2nd lender so as to cause a harm to the borrower, e.g. missing a closing date, or expiration of a rate lock.
• Appraisals are now going to be valid for only 120 days for all existing and proposed or under construction properties.

Major Goodman is working at making Las Vegas as the wedding chapel capital of the world.

Since Las Vegas is the place for weddings, finding a wedding chapel should be simple, even if you are already here in Las Vegas, Just google it or ask someone like the bell man, valet workers, front desk, etc. If you are planning on getting married on a busy day, such as Valentine’s Day or New Year’s Eve, you’ll need to make a reservation.

There are several different themes for different chapels.  Many movie stars and rock stars  have been married in Las Vegas.

Some of my clients who came to Las Vegas to get married actually loved it here so much they wanted to move here. People fall in love with each other and people fall in love with Vegas. 

We won’t discuss divorce in Nevada. It’s almost easier to get divorced than married. 

if you want to get divorced and not live in Nevada, you can live here for 6 months then qualify for a divorce.. So why not just move here and buy a place.  Call me, Penny O

The discription of a turnkey home/property in Las Vegas is a purchase or sale of a home In a condition that is ready for immediate use.

The housing market throughout Las Vegas, Green Valley, North Las Vegas, Summerlin and Henderson has the potential to be a turnkey housing market. One of the problems are with foreclosures,most of the foreclosures  are left in extremely poor condition with water damage and other interior/exterior damages these properties are anything but turnkey ready.

On the other hand short sales properties are more likely to fit the turnkey criteria.  Many people who sell as a short sale do not have any money to do any repairs, nor is it excepted for the seller to do repairs.  But, generally people who have remained living in their homes have cared for them as most home owners do.  So, the chances of you purchasing a turnkey property is highly more likely when purchasing a short sale.

Foreclosured homes sit so long as vacant homes that they lose their turnkey affect.  Toilets are ruined, yards are dead because they have been neglected for months.

I have seen a number of Las Vegan’s moving out of Las Vegas.  I don’t know what the numbers are but I will tell you that one Sunday I spent an hour at a U-Haul company and 7 different people came in to pick up trucks to move out of this town.  I asked almost every one of them where they were going and why? All of them were moving back to where their families live.  To live with family.  Why?  Because they lost their job/jobs and can not make any money here.  Some of these people were blue collar workers, the rest white collar workers.  They told me they truly had no where else to go, but to go sponge off relatives.

And it’s not cheap renting a truck to move away.  Most of these people were spending an average of $1500 to move.  I don’t think that included the gas/diesel.  And none of them were happy about having to leave Las Vegas. 

The only thing I could honestly share with them is what a older gentlemen told me when I first moved to Las Vegas.  He had asked me where I moved here from?  I told him Iowa and he continued to tell me that ”most everyone that will move out of Las Vegas ends up coming back to live in Las Vegas”.  I found that to be very interesting.  That was 11 years ago that this gentlemen shared that with me.  I could only pass on the message from him to all the people that day who were moving away.

Don’t worry, your next address is out there. A couple of things to consider are knowing what you’re looking for and finding the right REAL ESTATE AGENT in helping you find it.

Your perfect home is waiting for you. I’ll help you find it.

Consider these:

Question: Why should we work with a real estate agent?

Answer: While it is possible for you to do your house hunting on your own by looking through newspaper ads, watching for for sale signs and checking out real estate sites on the Internet,  thats why it’s very important to deal with an experienced Real Estate Agent who is familiar with different neighbourhoods, has special insight on homes listed for sale and is experienced in helping buyers negotiate the best price for the right home.  I can do that for you.  I have 10 years worth of references from past and present clients.

Call me for advice.  Let me know what exact type of home you’re looking for and the area in which you want to live.

Visit my web site http://www.PennysProperties.com for a free search of all properties listed in the MLS for sale.

Answer: Ask yourself the following questions:

How large or small of a home do you need?  Should it have several bedrooms, more than one bathroom, a home office or a two stall garage?

Are you planning on making lifestyle changes in the near future? Will your family be growing? Will your teenagers be moving away soon? Are you an empty nester?  How long will you be planning on staying in the home?

What part of the valley do you want to live in? Do you need an area with public transportation , a school, shopping and parks?  Walking distance to grocery stores? 

Would you like a brand new home or a re-sale?

Question: What are the most important things to look for in a house?

Answer: Beyond the number of how many bedrooms and bathrooms you want , or the size of the backyard, there are other things you need to consider that will have an impact on the total cost of your investment.

Las Vegas doesn’t require a disclosure of energy past bills but it is in the making.  Soon sellers will be required to show power and electric bills to potential buyers.