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.

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

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.

So, it’s not always easy to admit to what is happening in our daily lifes.  Some things are controllable while others situations just seem to be given to us. 

Las Vegas is being hit hard, and it hurts.  Some banks seem to be willing to help the homeowners yet most of the banks are not.  The government has so many ideas in the works but the bottom line are the investors are running the banks.  We as consumers are tied up hostage in a way.  We want to stay in our homes, we are trying everything possible to stay in them and the banks seem to try to work with you and then alll of a sudden something changes and the chances are gone. 

I do know that the departments within the banks don’t talk to each other so if you’re working with a mitigator and think all lis well beware, the foreclosure dept. could have put a sale date on the property and you  didn’t even know nor did the mitigation dept.

SOLD in Las Vegas

Las Vegas Home sold in just 37 days.  NOT a foreclosure or a short sale.  NOPE this was just a regular home in Summerlin Las Vegas that was properly marketed, priced and sold. 

It was a home of owners pride and was located on a cul-de-sac.  Clean as clean could be.  The previous  owners my sellers are now on to a new life for themselves.  And they thanked me in a most modest way of the genuine hug and caring. 

Remember everyone, you too can sell your home.  I realize there is a lot of competition out there as far as foreclosures and short sales.  So if you’re interested in selling or buying give me a call.  Penny O’Brien at 702.321.9383. www.Pennysproperties.com or email me at Penny@pennysproperties.com   Enjoy your day.

http://www.lvrj.com/news/49971917.html  Click on link and on left click to watch a video put together by LVRJ.com

 

click on the link and watch higlights from the Summerlin Independence Parade held in Summerlin NV.  A master planned community located west of the Las Vegas Strip.

It was a great time, of course the weather was very warm but doable.  Everyone seemed to be having a great time.

http://remaxmap.remaxbeta.com/

I could seat and watch this map all day long.  I don’t have the time to just sit around but I’ll put it on my office screen and it’s amazing.  it’s meant to show how people are searching all over the world just to see what is available in Las Vegas,

If you’re interested in a more complex search go to my personal web site at www.Pennysproperties.com or give me a buzz at 702.321.9383… Enjoy your life

Come one come all.  It is the best time ever to buy in Las Vegas.  In some areas of the valley prices are back to where we were 10 years ago… Ok, I know that really hurts all of us that have lived here since the late 90’s but that’s just how it goes right now.  Some areas are priced at one third of what they were valued at 3 years ago.

The opportunity for new people to move here is just fantastic.  I have written over and over again on this subject but unless you have experienced Las Vegas life (off of the strip) you might not know what you’re missing.

You do hear the sometime disgruntled person talking down about Las Vegas but more than likely it was due to their own negative experience that Las Vegas had nothing to do with.  I’ll just call it bad life style choices.  That can happen in any part of the world.

So, back to the lifestyle and desire to live here in Las Vegas, if you have questions or doubts call me and I’ll help you out (702.321.983).  I talk with people all the time about what it’s like to live in Las Vegas, I’m not a professional counselor or any kind of medical  professional I just live here so what I’m saying is it’s just my opinion but it’s interesting.   I have many many friends and family who live here and continue to make new friends on a daily basis.  It’s just normal to question an area when you’re considering moving there. If I can’t answer all your questions I can direct you in the direction of others that maybe able to help you.  Sometimes i hear “well I want to move but my husband/wife isn’t sure” that’s very common.  That’s why you need to call me, get out here and check it out.  If it’s meant to be right for you you will know.

I can help you average what your expenses will be whether you chose to rent/buy or both.  Maybe you’ll like it here so much you’ll want to join the crowd and buy a rental investment too.  You never know..

People have moved here from every part of the world, people from other countries, the midwest, east coast, sw, NW you name it.  That’s part of what makes living in Las Vegas so much fun.  Not only do you have a variety of things to do but the people are just amazing and interesting.

I sell throughout the whole valley, Summerlin, Green Valley, North Las Vegas, the SW, NW. wherever!!! I love it all.

Honestly, my favorite thing about living in Las Vegas is the weather.  I can’t explain it to you the air smeels good, the sunshine makes you feel so alive. YOU just have to experience it for yourself.  Contact me if you’re interested in a visit here and want to see some properties.  http://PennysProperties.com   You can talk to my current and past clients too. 

Your friendly RE/MAX Experience Agent

•  Penny O’Brien
• 4235 S. Fort Apache Rd. #170
• Las Vegas, NV 89147

I have never been so excited for first time home buyers than RIGHT NOW!!!! it is the best time ever for anyone who wants to get a piece of Las Vegas property.  Whether it’s a condo or a single family home it doesn’t matter.  There are so many programs out there for the first time home buyer it just incredible.  I wish I was a first time home buyer right now so that I could take advantage of these programs. 

Several of my clients are first time home buyers and in my opinion they are the most fun to work with.  I love the hunt to help them get the loan that fits their life, and get out there and find that dream home.  Don’t get me wrong there’s a few clients who want the sun, moon and stars for a price that makes no sense (what I mean by that is little or nothing) and guess what?  I’ve found it for them.  It is such an achievment for me to help first time home buyers in Las Vegas. 

Yes, I like working with investors and past clients,  I am friends with all my past clients, it’s just something about helping the first time home buyer find what they want when sometimes they actually had no idea they could even purchase a home.  That’s when it’s truly amazing for me.  The excitement they have when they realize they can actually be a home owner in the great city of Las Vegas.

The best way to save time and money is to give me a call.  I have almost 10 years of real estate experience but even better than that is that I care about my clients and want what’s best for them.  As long as you think you can and want a place in Las Vegas, you can get yourself there.  Guaranteed.   If you would like to talk to any of my clients they have all told me they would be willing to talk to you about me and they experience they had working with me  One more thing, to work with me cost you nothing, it’s FREE to all buyers!!! which is nice for you because you will be working with a experienced professioanl RE/MAX agent. 

Check me out at http://www.PennysProperties.com  Email:Penny@PennysProperties.comor call me 702.321.9383.. Let’s get you moving.