Wow, I can’t believe this is my 100th entry into my blog.  I can remember writing my first entry thinking –I’m not quite sure why people do this nor do I think I’m going to like it much but as time has gone by I have grown to love putting in entries and having people react to them.  I try to put current information on my blog as far as what is happening at the very moment in Las Vegas and the Real Estate Market.  It’s been a real roller coaster the past 20 months with our Las Vegas market.  We have gone from selling homes last year at the beginning of the year at around $190,000-$225,000 price range to now those homes are worth on average $170,000-$200,000. 

Since there are so many different programs out there that are set by the U.S. Government the housing market has just changed so drastically.  There’s the 8000k tax credit for first time home buyers but that ends NOV. 30, 09…

The list of programs goes on and on and on and on.  If you’re looking to buy or sell give me a buzz.  Thanks for checking out my blog.  Penny

I am a Las Vegas RE/MAX selling  agent which is also considered a listing agent.  My responsiblities are numberous. 

• Do comparibles between your house and others similar to yours
• Prepare  the listing agreement and all disclosures that go with it
• Take pictures of your property
• Hold open houses
• Expose property on the internet and advertise as much as possible
• Put up for sale sign with flyers inside the flyer box
• Communicate with you throughout the whole transaction process
• Consult with you about offers that come in and which are more valuable to consider
• Go through all the paperwork necessary to complete the transaction successfully (which there is a lot)
• To to the title company with you for the final paperwork
• Help you find your next place to live, whether here in Las Vegas or another state

Call me about questions you may have related to selling your home for you: 702.321.9383

http://www.Pennysproperties.com

Explaination of a short sale.

A short sale is a transaction in which the lender, or possilble multiple lenders, agree to accept less than the mortgage amount owed by the current homeowner. Sometimes, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt. The word “short” mean the short of the loan.  Even though the process can be quite lenghly and it feels like a “long” sale.

Is the number of short sales going up?

Due to our vurrent economic crisis, for instance rising unemployment, and  home prices decreasomg in communities across the United States, the number of short sales is increasing. Since a short sale generally costs the lender less than a foreclosure, it can be a viable way for a lender to minimize its losses.

A short sale can also be the best option for a homeowners who are “underwater” or owe more than their home is worth a  short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially.  One of my clients are currently doing the exact thing.

How to choose a Realtor that KNOWS short sales:

Call Penny for more information:  702.321.9383

http://www.PennysProperties.com  or E mail at Penny@pennysProperties.com

So many Pros to being a RE/MAX agent in Las Vegas,   Here you go and why you should either move to our office if you’re an agent unhappy with their company or if you’re a buyer and seller looking for a great office to work with.  The agents in our office are professional and seasoned agents.  We have some of the best agents in the valley working in this office.  Lots of top producers.

• Beautiful office
• Great owner and broker they are always there for their agents
• Fees are reasonable, call and find out more
• On top of technology
• Fabulous location, close to the strip and centrally located
• Experienced agents who support each other
• FUN place to work, lots of fun and happiness
• Close to Summerlin, Green Valley, Henderson and North Las Vegas
• Wonderful positive environment

contact Penny O’Brien for a tour of the office or call if you have RE questions… 702.321.938

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