las vegas: Short sales in Las Vegas and what's happening. Who's willing to commit?
- 04/22/10 05:52 AM
I've been doing short sales for quite sometime now and it seems as though the banks are getting more defiant about saying yes to having a successful closing. Not all banks of course, but just a few months back they seemed to be more obliging. I was closing almost every short sale listing I had. Now, after months and months of negotiations at the last second they are coming up with some ridiculous reason for not accepting the offer. After they have countered, asked for more documents from both buyer and seller. One example is one of my sellers who received a … (0 comments)
las vegas: Number of bankruptcy's in Las Vegas, NV. is on the rise.. Let's talk about Chapter 7.
- 03/11/10 04:20 AM
Let's talk about Chapter 7 bankruptcy in Las Vegas. I went to a hearing for Chapter 7's in Las Vegas the other day. The hearing is open to the public and is all public record so anyone can attend (I didn't see too many spectators, all were attending because they were filing). I went with a friend for moral support. When we were sitting in this large room which feels like a courtroom. It's mainly just chairs and a table with a few chairs up front for the Bankruptcy trustee and his assistant. You wait in is room full of people … (0 comments)
las vegas: What do you DOODLE/SCRIBBLE while on hold? What is happening to me?.
- 03/03/10 05:05 AM
I'm sitting in my office here in Las Vegas and just decided to clean off my desk. It has my cell phone, office phone, my lap top, a few pens, a coffee cup full of cold coffee (not unusual). A few files and my desk sized paper calendar. Looking at this calendar says a lot about what is going on within my day. Some days I draw circles, maybe the next day I fill them in. I see I also write my name a lot, due to the banks always saying "and who am I speaking with". I see random phone … (1 comments)
las vegas: RENT A ROOM? Is Summerlin, Las Vegas NV rental market picking up?
- 02/17/10 03:14 AM
Summerlin Nevada is a master-planned community located west of the Las Vegas strip. It is near Red Rock Canyon. Red Rock Canyon is a beautiful place to hike, site-see, bike, picnic or take a drive through. The mountain ranges with in the 11 miles drive are amazing. No mountain looks like the other. There are multiple colors throughout. Now on to Summerlin's rental market. It's not as great as a year ago. Landlords are seeing rents go down and down. Which, you would think would be great for tenants. But here's what's going on. Tenants don't want to become tenants , Of … (0 comments)
Bellagaio Hotel and Casino. 3600 Las Vegas Boulevard SouthLas Vegas, NV 89109 phone number is 702.693.7111 Bellagio Conservatory & Botanical Gardens Come visit the amazing Conservatory & Botanical Gardens. Most every decoration is made of flowers. The great display of nature in all glory, just magnificent. Every time I have a visitor come into town I take them to the Bellagio. It's my favorite attraction, and everything that I enjoy is FREE. You will love the gorgeous plants, flowers and trees arranged to inspire, It is in a conservatory so when looking up it has all natural lighting.They change the … (0 comments)
las vegas: Short Sale listings in Summerlin, Las Vegas starting to look like crappy foreclosed homes.
- 02/05/10 05:12 AM
Oh my goodness, I took some buyers out yesterday and we visited 12 short sale listings all located in the Vistas and Paseos Villages of Summerlin. I was quite surprised how bad of shape these homes were in. It was very clear that many of them had been rental homes and where left vacant in very poor condition. I understand that homeowners of the short sale listings are in hardship and do not have money to spruce up the property. But come on you can at least do a little something something to the property. Throw things away that were left … (0 comments)
las vegas: Bidding wars on short sale listings in Las Vegas
- 01/21/10 12:03 AM
Many things are changing in the housing market here in Las Vegas and the rest of the United States and we here in Las Vegas most of our market consists of short sales. What I'm seeing is bidding wars going on with many short sales and people asking that their offer be a back up offer. Some agents here in Las Vegas haven't experienced it yet, but they will soon. A short sale is priced at fair market value so why wouldn't there be bidding wars on fabulous homes. It's no different than before when we've been in bidding war situations. … (2 comments)
las vegas: Rain days and Monday makes for a great beginning to our week here in Las Vegas, NV
- 01/18/10 03:28 AM
Most people welcome the rain when we are fortunate to receive it here in Las Vegas. Living in Las Vegas very rarely do we get rain but this week is going to be different. Current weather is rain and the forecast is reported that we will have rain all week with precipitation amounting to more than we received in all of 2009... That's just amazing. It's a wonderful welcome. The rain washes away dust and dirt that gathers due to not getting much rain. Really the only thing you have to be careful is the drivers. We get black ice which is a thin sheet of … (0 comments)
las vegas: Rental prices can be negotiated and should be in this Las Vegas housing market.
- 01/08/10 04:22 AM
At one time everyone was thinking that the price of rents were going to go up because the demand of them would be so high due to the rising foreclosure, short sale and bankruptcy issues here in Las Vegas. But contrary to what everyone thought, it's turned out to be the opposite. The main reason is because there are just too many rentals out there for rent. Investors have come in and bought up so many homes that are now for rent that we are over saturated. Many people out there looking to rent have lost their home due to short sale, foreclosure … (0 comments)
las vegas: NEW listing in SUNNY Las Vegas, 3375 Southridge Ave. 89121.. 69k ...
- 01/05/10 06:43 AM
Townhouse located near UNLV campus. Great 3 bedroom with 2 baths and 2 car garage. Hardwood flooring throughout the downstairs. One bedroom located upstairs is carpeted. Brand new windows and glass sliding doors. The property has had a total makeover. Current owner is receiving $1400 a month in rent. NICE.. Check out the pictures. If you're interested in a showing of this great piece of Real Estate give me a call, Penny O'Brien with RE/MAX Experience. 702.321.9383 For some reason the site isn't working for me to upload the pictures. If you're intersted in seeing the interior, e-mail me at Penny@PennysProperties.com … (0 comments)
las vegas: Happy New Year everyone from Penny O'Brien in Las Vegas
- 01/01/10 10:12 AM
Wishing everyone a healthy, happy, blessed New Year. Here's hoping the housing market improves and people find employment. i hope that everyone who hung their heads in shame and were scared out of their minds with the problem of losing their homes, pets, cars, job, and anything else that was lost can have the hope and faith that things will get better. 2010 is a new start. Bless wishes, Penny O'Brien with RE/MAX Experience www.PennysProperties.com … (0 comments)
las vegas: AP article: Home prices rise again in October. Las Vegas, is being hit hard, I had a little conversation with them..
- 12/31/09 03:57 AM
Home prices rise again in October By J.W. ELPHINSTONE AP Real Estate Writer NEW YORK (AP) -- Home prices rose for the fifth month in a row in October, but the recovery is shaky with only 11 of the 20 metro areas tracked showing gains. The Standard & Poor's/Case-Shiller home price index released Tuesday edged up 0.4 percent to a seasonally adjusted reading of 145.36 in October from September. Without adjusting for seasonal factors the index was flat. The index was off 7.3 percent from October last year, nearly matching expectations of economists surveyed by Thomson Reuters. Many economists, however, are … (0 comments)
las vegas: Tis the season to be jolly, Many Las Vegans probably Feel pain not joy. Our housing market is kicking many people down in the dumps.
- 12/16/09 02:33 AM
IF for some reason you disagree with me on the Title of this blog entry you might want to consider what we have been going through in Las Vegas this past year and several years prior. Considering that we all know that the Holiday Seeaon is upon us and that the year is about finished we can reflect back on any wondrous seconds, minutes, hours, days or months? I can say for me this year is going down as one of the most painful years I have experienced in Real Estate and personally. What I'm talking about is ALL related to our housing market here in … (0 comments)
las vegas: SUMMERLIN LAS VEGAS HOME FOR SALE, SIZZLING SHORT SALE, JUST IN TIME FOR THE HOLIDAYS
- 12/14/09 03:35 AM
Beauty, located in Summerlin. Its a great place. 4 bedrooms with 3 bathrooms and 2 car garage. Tile flooring throughout the downstairs, carpeted bedrooms. All appliances included. All buyers welcome to put in offers. Investors, first time home buyers, empty nesters. Comeone come all. This place will see fast. A must see. What a nice place to have for the years to come. Call for more information. Penny O'Brien with RE/MAX Experience. 4235 S. fort Apache Rd. Las Vegas, NV 89147. My business cell: 702.321.9383. or visit my web site at http://www.Pennysproperties.com
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las vegas: Update on NFR---Sold out in Las Vegas ---BIG WEEKEND means BIG MONEY to our city.
- 12/03/09 10:07 AM
I just heard on the news that NFR is sold out for every single day of the rodeo event. WOW, that's great. They also mentioned that December should bring in 250 million dollars of non-gaming revenue. I'm not sure how that compares to other years but it sounds pretty exciting for this year. I wouldn't be surprised if NASCAR sold out too. We also have the opening of City Center this week and weekend. Big things are happening in Las Vegas in Dec. Like I always say, there's always something fun to do in Las Vegas,
http://www.PennysProperties.com … (0 comments)
las vegas: The Pendulum of public opinion related to the housing market in Las Vegas,
- 12/03/09 04:51 AM
~~~~Many peoples opinion of our housing market seems to be swinging back and forth from one course, opinion or some kind of condition to another. The pendulum of the pubic opinion is so confusing. I listen to the opinions of local news forums and of course everyone wants to be positive, so they talk about City Center bringing in more revenue and it's a new exciting place is Las Vegas, just what our economy needs. i agree with them but it's not going to solve our problems. ~~~~~So often I get asked from my clients, do you think we've seen the … (0 comments)
las vegas: Short Sale Listings have dominated our Las Vegas housing market.
- 12/03/09 04:23 AM
I've been watching the market as far as short sales go and have noticed a rather large number of homes going on the market as short sales. I know that my short sale listing has grown in leaps and bounds. but the other day when I was on the MLS and pulling up listings, almost 3/4 of all the listings in the Las Vegas area including Henderson, Green Valley, North Las Vegas and Summerlin are short sales. The pros and cons of short sale listings are too many to list but, it's nice to know that people are willing to give … (0 comments)
las vegas: Radio station host and the crazy things they do to raise money for gifts for children at Christmas
- 12/02/09 02:15 AM
I've been listening to one of the radio stations here in Las Vegas and he is going to be lifted up in a bucket to the top of building and stay there for 12 days. Granted this is Las Vegas and most people who don't live here possibly aren't aware of how our temps drop at night. We get into the 30's... That's cold to be camping out all night. I'm gong to go shopping for toys and take them over there. I want to experience what this guy is doing. What kind of things are people doing in your community to help … (0 comments)
las vegas: Summerlin Las Vegas Nevada, RENTALS and what the prices are. Are PETS allowed?
- 11/27/09 06:06 AM
Rental price for a 3 bedroom/2 bathroom/2 car garage? Well, do you want gated? Community pool? condo? Single family residence? How many square feet? Here's what you get. For around $700.00 you can get a one bedroom, one bathroom with no garage (condo) How about $750,00 two bedrooms, two bathrooms and a one car garage. (condo) From $801.00-$1000.00 a month you can finally get a home for rent, 3 bedrooms, 2 bathrooms, and two car garage. Approximately 1179 sf. Some of these listing are in Sun City Summerlin, so many renters will not qualify to live in the age restricted community. $1300.00 … (0 comments)
I've been doing short sales for quite sometime now and it seems as though the banks are getting more defiant about saying yes to having a successful closing. Not all banks of course, but just a few months back they seemed to be more obliging. I was closing almost every short sale listing I had. Now, after months and months of negotiations at the last second they are coming up with some ridiculous reason for not accepting the offer. After they have countered, asked for more documents from both buyer and seller. 
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