Have you met a house you liked? That may sound funny to you. But the longer I'm in this business, the more I find that homes have personalities. To really get to know a home, you need some background. You need a proper introduction to the area, the neighborhood, the features, the amenities, and even some of the challenges.
You can visit my website at www.MaryKennedyLasVegas.com to get an early introduction to your new home by checking out my dream home finder.As you search my website, if there are homes on the market that you would like to 'meet', you can go ahead and schedule a showing. I'll look forward to making an introduction. Just call me if you need me.
I pride myself as being a professional introducer. I've seen and know hundreds of homes, so as we clarify what you prefer it's easier to find a match. When you see the right home, there will be a reaction. You'll know the right home when you see it, right?
"My whole thing is don't judge a book by its cover." Cindy Margolis
I know, I know. You're not supposed to make snap judgments based on first appearances. That includes choosing dream homes by just driving by.
With all my experience, I've made a commitment to delivering RE/MAX Premier Service here in Las Vegas. That means I'm willing to use all my resources to search high and low for the "Just Right" properties to help newly relocated people find their home fast or I work with investors to find properties that will provide a good ROI for an individual or group. In fact, I offer a website with information for anyone who is relocating, buying or selling. Please visit my site at http://MaryKennedyLasVegas.com
You'll find recent home sales, real estate news, and even my dream-home finder that will help you search for the "Just-Right" home.
You see, I work in this market every day. I've seen a lot of homes already. So when buyers want to find their new home, we don't waste time looking at the wrong properties. If I've learned one thing from all my looking, it's that first impressions mean a lot to homebuyers. I will guard the homebuyer's time and keep the search on track.
I mention this because I really believe that you, your friends, and your family deserve the kind of special attention I am proud to deliver. Keep me in mind whenever someone you know is making a move to Las Vegas, won't you?
Dan is principal of The Van Epp Cos., a national Real Estate Consulting Firm and former President of the Howard Hughes Coproration. Van Epp oversaw the development of Summerlin, a Master Planned Community, which lies about 10 miles West of the Las Vegas Strip.
I also have some other links to other articles that Dan has written or been interviewed for. Enjoy the read.
As you can see, there is lots to talk about out here. THANKS for reading as I get caught up telling you about the Las Vegas Real Estate Market.. If you have any questions, please feel free to contact me at anytime.
As you're fully aware, Memorial Day is a part of this weekend.
It's a day that you should spend some time with family and friends, get out the grill, relax and enjoy the long weekend. So, give it a little thought and plan something fun.
This is also a time when I send my current and future clients some links to interesting articles you should read about the Las Vegas Real Estate market. These articles will bring you up to date on potential relocation or real estate investments here in the Las Vegas Market.
After you print these articles for later reading, get the grill ready for a great Memorial Day weekend and if I can help you in any way, please don't hesitate to call on me at anytime.
THANKS for helping me keep you up-to-date with current information about the Las Vegas Real Estate Market.
It's been an interesting winter and a very busy one. One encouraging sign is that for the past 3 months. Las Vegas home sales have doubled year over year and the number of homes being sold each month total more than the total number of homes coming on the market.
That's good news because if we can stay on that plain, we will begin to see inventories shrink, prices stabilize and maybe even increase. Now don't get excited because when the prices begin to increase, it will be at a snails pace. Just getting prices to stabilize will be huge accomplishment.
There are other factors that will have an effect our market. One is whether the Obama stimulus plan will slow foreclosures to keep people in their homes and whether the issues with Wall Street will be worked out so people will be able to build enough trust to start investing again.
Here are a couple of interesting articles that were in the Las Vegas Review Journal that I thought you may be interested in. Just click on the links
These units were selling for $700,000 3 years ago. I have it on the market for $365,000. This is a 14th floor condo over looking the Wynn golf course. It was used as a second home and was barely lived in.
There are still a lot of great buys all over the valley and I would like to help you "Find Your Way Home in the Las VegasValley".
where you can become familiar with homes for sale, home sales prices, and the most important market and neighborhood information.
You can even begin your search for your new home with the dream home finder. See something you like? You can schedule a showing. Don't risk passing by the home of your dreams. I would be happy to help you find your next home. If I can help, please give me a call.
I know I'm late in extending my best wishes for a GREAT 2009, but we spent the better part of 2008 reinventing the way we approach our real estate business.
The result was that our 4th quarter, of 2008, exploded with a combination of helping buyers find the "Home of Their Dreams in the Las VegasValley", and extending our bank owned home selling strategy, that has been successful in the Las VegasValley, into the California market where sales had not yet gotten off the ground.
So on December 1st, my husband, John, joined the Mary Kennedy Team in a more defined role as REO Marketing Administrator. Our process was simple, but challenging, because we had to get a great deal of work to get done in a short period of time.
So during Thanksgiving week and the first week in December we telephone interviewed RE/MAX Brokers in the areas of California where we had properties to sell. Then, John went on a initial set up road trip to:
Sign referral agreements and set expectations with each RE/MAX broker and their Preferred Service Providers to get the properties ready to sell.
Visited each property with the RE/MAX Broker to take pictures and put together a simple Quick Sale strategy for each property.
Train them in how set pricing, prepare repair bids for current and future properties and
Learn what disclosures had to be signed in California to complete a home sale.
To date, we have put 12 homes on the market. 9 are in escrow 2 have pending offers and 1 is being a little stubborn. The homes we have so far are located in Helendale, Victorville, Apple Valley, Riverside, Winchester, Alpine, San Diego, Escondido, Bakersfield, Visalia and Porterville. We are in the process of adding more properties in LakeArrowhead, Hesperia, Lancaster, Temecula, San Jose, Sacramento, Modesto and Petaluma.
So, as you can imagine, we are staying busy and learning something new everyday about the current real estate market in the Las VegasValley and now in California. Rest assured, though, I'm still here in the Las VegasValley, working with buyers and sellers to do my very best to:
Represent them in the best possible way.
Attend to my clients concerns each and every day.
Get you the most acceptable pricing and financing package to help you find your way home in the Las VegasValley.
I encourage you to visit my website at www.MaryKennedyLasVegas.com, where you can become familiar with homes for sale, home sales prices, and the most important market and neighborhood information.
You can even begin your search for your new home with the dream home finder. See something you like? You can schedule a showing. Now is the time to visit.
Don't risk passing by the home of your dreams. Call upon me to find your home for you.
First, I would like to THANK YOU for leaving your business card at, what is now, one of my bank owned listings here in Las Vegas.
I’m sending this e-mail because I want to reintroduce you to these homes and let you know that we have
Adjusted the price of the homes down to get them sold.
Cleaned them up and turned all the Utilities back on and most importantly-
We are paying out 4% commission to the buyer’s agent on the listing if we have a purchase agreement accepted within 30 days of the listing date.
So far, the response has been outstanding! We started listing homes in 8/19/08. So far we have put 7 on the market with more to come. Of those, 1 has closed, 4 are in escrow to close before the end of the month and we just listed 2 more within the past few days. (See the Links below)
Flagstar Bank, the owner of these properties has 4.99% money available for buyers with a credit score of 660 or higher.
Since you have already been in some of these homes, I plan to continue sending these updates as we add more properties. If you want to unsubscribe from my list, just click on the Safe Unsubscribe link below or if you have been in these homes and you have buyers looking for properties, these homes are priced right for a quick sale, a quick closing and a little bump to your commission.
Wow! August has been a month to learn a whole new side of the business!
Listing and Selling Bank Foreclosures in Las Vegas! There are some great values here, in the Las Vegas Valley.
Let me share the experience I have had so far:
1. The houses are empty when we get them. Some were owner occupied and some were rental properties.
2. In all cases they need a good overall cleaning and the carpet needs cleaning. There are some that need more work and repair, but we price them low taking the work that has to be done into account. That way, the new owners can do what they want.
3.Some have all of the appliances and some have been stripped.
4.We facilitate the repairs and clean-up the homes. The bank makes sure the utilities stay on and pay the repair and cleaning bills to our vendors. This allows us to stay focused on the listing marketing and selling the properties.
5. The pricing strategy has been to drop the asking price to about 60% to 75% of comparable sales in the area over the past 90 days. When we post the listing, we blast an e-mail, hit the phones and have multiple offers, bidding upwards, within just a few days.
6.The total bidding is complete and we know who the buyer is withing just a few days. The final selling prices are AWESOME!
This strategy seems to be working! Out of the 7 test listings we put up starting on August 19th, 1 has closed, 4 are in escrow for quick closures and we are still collecting multiple offers on 1. The 7th one just went on the market yesterday.
Now that the testing phase is over, we will be ramping up more homes in a serious way over the next two weeks. As we add properties I'm sending out updates as to what's going on the market each time a listing comes up. If you want to be added to that list, just let me know.
The last thing that Flagstar Bank, the owner of these properties, is offering 4.99% money to buyers that have a credit score of 660 or higher. Flagstar Bank and I have been doing business for 4 years and have been great to work with.
Contact me for more information on these and other GREAT BUYS!
I have some important items to share with you today and have been very busy! Why?
I want you to click on the link below and print out the attached article. If you are on the fence and have been waiting for the Las Vegas market to hit the bottom, YOU NEED TO READ THIS ARTICLE AND CALL ME. CLICK HERE AND PRINT-->Las Vegas Foreclosure Update
I have a new website! The URL is still the same (see below), but I have some new features that you can access. The two most popular are the links that I put on the home page that you can click & scroll to look at homes within your price range. It's instant, quick and automatically updated in real time. You can also set-up your own personal search account where you put in your specifications and we will send you automatic updates as often as you want them. The link is under the RE/MAX Logo on my home page.
The last thing is that I was approached by Flagstar Bank last week to list several bank owned properties here in the Las VegasValley. I'm starting with 7 homes to build an operating template with the help of John, my husband. Once we get the process working a smoothly as we can, we will be adding more homes and Realtors to take the calls and show them for quick sales.
We toured the empty homes last week and put together a list of what had to be done to the properties to bring them to a quick sell condition and everything we asked for has been approved. For those of you that know me, rest assured that these homes are going to be top notch condition when I put them on the market.
By the way, Mardell Wylie, our mortgage partner at Flagstar Bank here in Las Vegas, has special mortgage incentives that are unbelievable. They own these properties and have to get rid of them.
This is all I can write for now! I have appointments to get to. I will catch up later.
June's housing statistics suggest that the Las Vegas real estate market has entered a rolling "Goldilocks" recovery.
A rolling "Goldilocks" recovery is not hot. It is not cold. And, it may not be "just right" for everyone. Rather, as the existing home market recovers, it will roll the new home market segment into recovery. Those two market segments then "roll" the vertical market component into recovery.
LETS’S TAKE A LOOK AT EXISTING HOMES:
The Las Vegas resale market is already in recovery. It boasts three consecutive months of sales increases and eight consecutive months of diminishing inventory. The downward pricing spiral is slowing.
The 2,979 existing home sales in June were not just the highest total of the year, but the highest monthly total in 20 months. Almost three out of five existing home sales in June were bank-owned homes. The median selling price of homes not owned by financial institutions was $225,000 or virtually the same level as last month. However, because of the number of bank-owned homes sold (median price $203,000), the overall median price of an existing home dipped to $215,000.
Inventory slid for the 10th consecutive month to 20,554 - or at current sales rates, just about nine months of supply. In other words, existing homes are in a very nearly "normal" market state. And, the total of monthly foreclosures slid for the first time since November to 2,149, about 300 less than May.
NOW THE NEW HOMES:
The new home market still has some distance to go before recovery can begin. It may be approaching the "bottom."
As we've noted previously, a bottom sits on a 3-legged stool. The three legs are sales, inventory and pricing. Two of the three legs are slowly straightening -- pricing and inventory.
New home absorption continues to be dismal. June was the 5th month in this year to total less than 1,000 new home sales. The bad news is that the 922 total for June brings the first half of the year to a close with just 53% of the sales experienced over the same period last year. The good news is that sales have not fallen further and have remained relatively consistent on a monthly basis.
Better news is that median prices are fluctuating within a narrow range and may be near a plateau. The median price of new homes and condominiums was $255,341 in June, just $4,000 under the previous month.
Inventory in the new home arena continues to diminish rapidly. The number of active new home subdivisions fell for the 11th consecutive month to 460 - and about thirty of those have 25 units or less left to sell. New home permits totaled 750 this month. It is important to note that the total number of permits for the year so far is more than 2,500 less than the total number of sales for the year.
So we are headed back! The growth will be slow and controlled. The Feds are going to help about 400,000 homeowners that are nearing foreclosure. The Legislative Branch signed off last week and the bill heads to President Bushes desk for signing this week.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
I was browsing through the May 2009 Issue of Vegas Magazine and ran across an Article written by Dan Van Epp entitled 
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