Posts Tagged ‘Las Vegas’
Wednesday, October 7th, 2009
I was just searching for clients who want a single story 3 bedroom home with a two garage in Summerlin or near Summerlin and I found several to choose from. The thing about finding these homes and being able to retain them to rent is to move FAST… once they go on the market for rent you have to able to jump on it immediately.
If you’re in the market for a rental in Summerlin or anywhere in the Las Vegas valley give me a call. I’ll search for you and if you’re ready to apply for the lease let’s do it. There’s a lot of fabulous homes to rent for a great price. TIME Matters…Usually, it’s first come first serve.
Penny O’Brien
RE/MAX Experience
business cell: 702.321.9383
Http://www.PennysProperties.com
Penny@PennysProperties.com
Tags: bedroom, Las Vegas, Market, rentals, Summerlin Posted in Real Estate Tips & Tricks | Comments Off
Wednesday, October 7th, 2009
Do you feel house Poor?
Fewer and fewer people are going to the movies, and other types of entertainment. Many are not buying goods in stores. Major grocery chains are seeing a rise in what were second rate brand food products selling at a discount. The no name brands that most people call generic. Peoples savings have risen and may hit a new high. America is on a budget crunch, and a growing number of home owners are suffering from being house poor. Sound familiar?
Hundreds of thousands of older people who had already retired are being forced to take on jobs again in restaurants and at retail chains, because they suffered major losses in the stock market and in their homes.
Home equity for the majority of homeowners has been killed by declining home values, an excess of inventory and the foreclosure crisis, now the short sale ways are changing and many are wondering when we’ll all get out of this financial mess.
Lost home equity doesn’t just represent decreasing wealth. It has an over riding effect on consumer confidence. Home owners, who are house poor can’t borrow against equity, take out new lines of credit, refinance, pay for college and even sometimes pay for the bare necessities
For many decades  Americans believed that buying a home was an way to wealth and savings, but not anymore. Now a day’s most people no longer believe that the American dream of homeownership is a realistic way of building wealth.
Many people who have experienced the housing crisis feel they may never be able to buy a home againÂ
The housing bubble that produced so much wealth seems to be providing an extremely depressing view of the future. With the lack of confidence in consumers’ ability to buy a home, improve their current housing situation or trust homeownership to provide a significant portion of their wealth sends a strong message about the impact of the housing crisis.
But is the shift for real or long lasting? Could it be fall-out from the national economic downturn and fears of the economy worsening? Economists don’t know and can only study and speculate about the situation, and like the rest of us wait to see what happens next.
In Las Vegas it seems the majority of the people with money are buying up the foreclosures while everyone else is just watching and waiting.
Tags: Economists, foreclosures, Las Vegas, mone, short sale Posted in Las Vegas Real Estate Market | Comments Off
Saturday, September 19th, 2009
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.
Tags: Foreclosure, Green Valley, Henderson, homes turnkey, Las Vegas, north Las Vegas, sell, short sales Posted in Buying a Home in Las Vegas, Las Vegas Real Estate Market, Real Estate Tips & Tricks, Selling a Home in Las Vegas | Comments Off
Saturday, September 19th, 2009
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First of all it’s all about the money,
Here are some requirements:
- Good credit scores
- Money in the bank
- Career or job that you’ve been in for a number of years
- Patience
- A knowledgable lender
- A wonderful, honest, experienced, educated, devoted Realtor (that’s me) :0)
- Be honest with yourself and what you want vs. what you need and can afford
- Be aware of the market is doing and how your property competes with other properties
- To be able to accept and believe what I tell you as your agent, even when it’s not what you want to hear
- Is what you have or want in strong demand
- Will you be willing to reduce the price
- Will you be willing to offer more than list price
- What are you long term goals
- Patience, Oh I’ve mentioned that before..
- This list goes on and on
I suggest sitting down and writing out the pro’s and con’s then call me. 702.321.9383
http://www.PennysProperties.com
Tags: agent, buying and selling, home, Knowledge, Las Vegas, RE/MAX, tips Posted in Real Estate Tips & Tricks | Comments Off
Saturday, September 19th, 2009
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.Â
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.
Tags: family, Las Vegas, moving, u-haul Posted in Buying a Home in Las Vegas, Las Vegas Real Estate Market, Selling a Home in Las Vegas | Comments Off
Saturday, September 19th, 2009
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?Â
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.
Tags: backyard, bathrooms, bedrooms, energy bills, Home buying, Las Vegas Posted in Buying a Home in Las Vegas, Real Estate Tips & Tricks | Comments Off
Thursday, September 17th, 2009
Las Vegas has a plan to take a National Historic Landmark building, which once was the old courthouse and post office and turn it into a museum that will bring some history and old stories about how the city was run years ago.
The renovation of the historic building in Las Vegas into a museum dedicated to the history of organized crime has begun, it is said to bring in a possible 600,000-800,000 tourists a year. Not including all the locals that will enjoy this museum It’s to be completed in 2011.
Las Vegas is always blowing up old casinos to make room for new casions and advancement. This museum will be a part of Vegas that is actually part of the city’s history. Along with a few other museums we have here..
I feel good about the attraction, I believe it will greatly help our economy. Also, bringing in new jobs for our housing market. The more people visit here the more interest there is for many people to own a piece of Las Vegas for a second home. It’s win, win for everyone.
Tags: casinos, economy, Las Vegas, Mob Museaum. Vegas, second home, tourists Posted in Buying a Home in Las Vegas, Real Estate Tips & Tricks | Comments Off
Thursday, September 17th, 2009
So this Real Estate business is full of Monkey Business…take the “k” out of monkey and you get money, how strange is that?  You can take that in a number of ways. You can consider it funny in the way that things are changing on a daily basis and you have to go with the flow when it comes to financing for a property. You can look at some other agents and wonder how in the world they get clients and make money. It’s funny how some agents “know it all” and really don’t. There’s some agents out there that truly are so out spoken that you just can’t tell them they’re full of it because you’re laughing too hard inside.
I compare it to the movies “Monkey Business with Cary Grant and Ginger Rodgers a 1952 movie. Or the movie “Monkey Business with the Marx brothers of 1931.. Two really great movies with great actors and lots of comedy. I don’t believe there’s been a movie made called Money Business, and if there was it probably wasn’t a comedy.
Tags: Cary Grant, Ginger Rodgers, Las Vegas, Marx brothers, money, movies, Realtor Posted in Las Vegas Real Estate Market | Comments Off
Wednesday, September 16th, 2009
I’ve noticed that several vacant homes I’ve viewed lately have had angels left behind. Either in the form of a statue in the bachyard, a waterfall, little staute angels left on kitchen counter tops or pictures, books of angels or angels painted on the wall.Â
In my opinion people must be leaving them behind intentionally. People leave all kinds of things behind. Some things I’ve seen are furniture, personal family pictures, at least they look like family pictures. Wedding books, scrap books of babys and toddlers all the way to their teenage years. Treasure chests full of memories. Kids and adults clothing. Closets full of sheets and towels. Many times I see numberous cleaning supplies and bug/weed sprays.Â
After researching angels on the internet and understanding a liitle more, perhaps they are left behind to fight off the demons.
Tags: Angels, Foreclosure, homes, Las Vegas, short sale Posted in Buying a Home in Las Vegas, Las Vegas Real Estate Market, Real Estate Tips & Tricks | Comments Off
Monday, September 14th, 2009
Purchasing a short sale property is the same as buying a re-sale property (owner occupied).That’s why it is important place on your offer the amount of Earnest money you will be applying.  Without an earnest money deposit, your agreement is not a contract. Earnest money is an essential part of a serious contract. What should you be willing to put down for the EMD is up to you. On a short sale you really don’t want to tie up too much money because the deal might fall through and all that EMD could be tied up for month. On the other hand if you don’t put a serious amount down the seller may not believe you’re too interested. The more you put down just shows you are serious about your decision to purchase.
Short sales are different from other purchases in that there are multiple decision makers involved in accepting an offer. It is normal to take three to four weeks for longer or some lenders to decide on a short sale. And successful short sales happen only happens if the short sale package is been completly fully and submitted properly.
The closing can happen in as little as 7-10 days for a cash buyers. If you need to get a mortgage to complete the purchase, the time frame for closing is more upon you and your lender and how quickly they can process the mortgage application. Depending on your credit score and documentation requirements, that could be between 30 and 55 days to close on the property.
Tags: cash credit score, EMD, Las Vegas, mortgage application, short sales Posted in Buying a Home in Las Vegas, Las Vegas Real Estate Market, Real Estate Tips & Tricks | Comments Off
Penny O'Brien
Las Vegas | Henderson | Summerlin Realtor/Real Estate Agent
Simply Vegas Real Estate
3042 S. Durango, Las Vegas, NV 89117
Cell: 702.321.9383
Email: Penny@PennysProperties.com
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