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

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 

Unbelievable home,  Totally upgraded. Great curb appeal. Located on a cul-de-sac. Maple cabinets with pull outs, Granite in kitchen with eat at bar area seating for 4 or 5 bar stools.  Surrond sound inside and outside, BBQ stub in backyard.

3 bedrooms with loft area. Beautiful tile throughout the entire downstairs,  all upstairs bathroom and laundry room are tiled.  Seperate laundry room with upgrad

Short sale in the SW LAS VEGAS

ed built in cabinets. Master suite has a retreat.  Master suite bathroom has Roman tube,double sinks upgraded and seperate shower area. Large walk in

Las Vegas Beauty, SHORT SALE in LAS VEGAS, NV, like new

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 again 

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.

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. 

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. 

After researching angels on the internet and understanding a liitle more, perhaps they are left behind to fight off the demons.

 

I would like to get feed back on what your experience has been as far as  your process of going through the loss of your home due to foreclosure, bankruptcy or short sale.

I want to hear everyone’s story. I want to here from every state.  What happened that you had to move, was it loss of job?  Mortgage payment go too high?  Divorce?  Death of a family member?  I really don’t have any restrictions on what your story is about.

I’m just curious because I have so many friends, family and associates/clients who are going through the same thing.  I know we are all joined together in this fiancial crisis.

10-SFR Email w/Agent Photo

Above is the link that shows all the properties for sale in Pahrump.  Currently per MLS there are 477 in ER, EA status.  That means they are not in some kind of contract that is is either pending or contingent. 

My listing in Pahrump has driven a lot of interest to my web site and many calls inquiring about the property.  I have recieved calls from all over the United States. 

This property is a wonderul home that sits on 1.5 acreas and has an inground pool, ranch style home with Mountain views.

I hope the MLS list I have in the blog is of assistance to anyone who is looking to buy in Pahrump. 

If you’re currently not working with a REALTOR and would like to contact me feel free to call anytime.  My cell phone number is 702.321.9383 or e amil me at Penny@pennysProperties.com

Are you interested in buying a short sale?

YOU have to be very patient. When you come to agreement with the seller to buy a short-sale property, the seller’s lender (or lenders, if there is more than one loan/mortgage) needs to be approve the sale before you can close. If there is only one loan/mortgage, short-sale professionals say lender approval can standardly take about two months. When there is more than one loan/mortgage with different lenders, it can take four months or longer for the lenders to approve the sale.  The second lender is usually the one who eats a bunch of the loss.  Second banks have more risk and more loss.

Important things to consider about buying a short sale:

1. Your financing is in tack and up to date. Lenders love cash offers which is true with all sales in this market. even if you can’t pay all cash for a short-sale property,  You have to be preapproved, perferably have a  large down payment, and can close at any time, You have a high chance of having your offer accepted
2. Please don’t have any contingencies. If you’re serious about purchasing a short-sale property, You can’t think that you can put demands on the bank for closing time, they don’t like having any contingencies. You don’t want to have any other properties to sell before you purchase the short sale.
3. it’s important for you to have expert assistance. Here are some people experts suggest you work with.:
4. Hire an Experienced real estate attorney. The stats are two in five short-sales close.  A Real Estate attorney who is knowledgeable about the short-sale process will largely broaded your chances on a success short- sale approved contract. If you want any things changed in the purchase contract the attorney can help assist in that too.
5. A qualified real estate professional. You may have a close friend or relative in real estate or want to call Penny at RE/MAX Experience. I have Experience with short sales and would love to see if I can assist you in buying or seliing a short-sale.
6. Title officer. It’s a good idea to have a title officer do an initial title search on a short-sale property to see all the liens attached to the property. tax lien, mechanic’s lien, homeowners association lien, etc.), it’s much tougher to get.
7. No repairs or any kind of repair credits. You will probably be asked to take the property “as is.” Lenders/banks are already taking a loss on the property and may not agree to requests for repair credits. And the homeowners have to money to make any repairs.  That is why they are selling their home, it just makes no sense for them to put any more money into it.

The risks of a short sale are quite large. Possiblities are if  you have the time, patience, this short-sale could end up being a wonderful home for you and sometimes patience is a vertue.