Archive for the ‘NV’ Category
Monday, March 20th, 2017
So, You’ve probably heard all about Real Estate from friends, family, co-workers the Internet or other places that the public has provided information about Real Estate. Let’s talk about Real Estate and here are 10 tips from Penny O’Brien:
- Ask me questions related to Real Estate and Other related vendors.
- Listen to what I have to share about Real Estate.
- Listen and Learn, we are going to have a great experience.
- Let’s Debate about what you’ve heard.
- Realize you are here to learn, ask me questions.
- Maybe you’ve heard things about Real Estate that are not true.
- I am interested in what you do and what you need.
- Let’s take action to help you with your Real Estate Needs.
- Share your weaknesses, there is no such thing as a silly question.
- You help me understand what is most important to you in finding you the right home.
Make it a great day and call me: Penny O’Brien with RE/MAX Excellence 702.321.9383 GOWITHPENNY@yahoo.com
Wednesday, February 8th, 2017
Here’s what I see happening in the Las Vegas housing market, grant you this is my opinion formed from selling Real Estate full-time in the Vegas Valley for over 16 years.
Things are kinda sideways and a few people are scrathing their heads saying hey what’s going on with the FIRTA clause when buying and selling in Vegas. First of all, like any industry there tends to be trends. You know a flow, prices go up then they drop. Well, I’ve seen something escalating and that is sellers selling their property with the FIRTA clause. What is FIRTA? Foreign Investment in Real Property Tax.
FIRTA is the disposition of a United States Real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests.
A disposition means “disposition” for any purpose of the Internal Revenue Code. The meaning of disposition is similar to the action of distributing or transferring property or money to someone, in particular which may include but is not limited to a sale or exchange, liquidation, redemption, gift, transfers,. So buyers purchasing United States real property interests (transferees) from foreign persons, certain purchasers’ agents, and settlement officers are required to withhold 15% (10% for dispositions before February 17, 2016) of the amount realized on the disposition (special rules for foreign corporations).
In a majority of cases: the transferee/buyer is the withholding agent. If you are the transferee/buyer you must find out if the transferor is a foreign person. If the transferor is a foreign person/persons and you fail to withhold, you may be held liable for the tax. For cases in which a United States business entity such as a corporation or partnership disposes of a United States real property interest, the business entity itself is the withholding agent. I know this gets a little bit confusing and or complicated.
Here in Las Vegas it’s handled through the title company. Thank goodness they are on top of the changing Las Vegas market.
FIRTA in Las Vegas is on the rise. I am guessing it is throughout the U.S. I have had several buyers buy from FIRTA sellers. The buyer in most cases is required to sign a form stating they will live in the home for 2 years.
This means a big deal when it comes to investors purchasing properties. Cause in my understanding , they can’t buy these properties. So, they are limited to what’s out there for sale that aren’t FIRTA sales and our INVENTORY is so Low. How low can it go?.
Just another learning curve for the general public and everyone involved in the Housing market knowledge department.
Enjoy your day and life, it’s the only one we get here. Dance, sing and have fun.
RE/MAX Excellence 702.321.9383
Friday, January 20th, 2017
How the heck are ya? Very well I hope. If you’re here to know more about tiny homes in Las Vegas and other cities around Vegas then here we go.
First of All, Nevada is very rural, many people if you haven’t visited NV would think of just Vegas and the population of the valley. When you start getting outside of Vegas you will see that it so very rural. You can travel on and on and on and never see a home.
Here’s the kicker, Las Vegas of course like many cities have somewhat strict building codes. I realize they are in place to protect home owners and the public. But, If you’re wanting to live the “tiny house” movement life style, which I personally love the idea, it’s probably not gonna happen in Clark county.
Land in Clark county is not inexpensive either. Living off the grid in Clark County, probably not gonna happen. So, you can see that it’s not gonna happen and if so it surely wouldn’t be easy.
So, where in NV can we do our tiny home living. Many areas. If you’re willing to NOT live in Vegas. Of course, I love Vegas, I’ve been working with Buyers and sellers with their properties for over 15 years buy and sell here in Vegas. I’m just sharing that many people DO NOT want big houses. They don’t want all the maintenance, they want freedom to travel, to live simplistic, they are minimalist.
INTERESTED now? If so, Call me @702.321.9353
I will help you with your dream of having your own tiny house. LET’S do this. It’s exciting. ENJOY your day,
Tuesday, January 10th, 2017
Here is a very interesting article written by the RJ. It’s a short article with valuable information.
Hi there everyone,
NEW HOMES, and more NEW HOMES coming to Vegas. Lots of new master planned communities are coming here and have started to make a name for themselves. Things are looking up for Las Vegas and it’s surrounding areas. There is a lot of road improvements taking place right now. Out in the NW they are adding exits and lots of improvements and Henderson is also receiving additional road and exits. Oh, did I mention the 95 is undergoing road construction. It’s Everywhere, it’s Everywhere.
Vegas is such a wonderful place to live. If you’re considering moving out here I highly recommend it. If you live here already and are looking to purchase or sell, please contact me at 702.321.9383. I’m easy to work with, I will make your transaction enjoyable and professional at the same time. I work with integrity and kindness along with experience and many other wonderful traits that make me an excellent realtor at RE/MAX Excellence.
ENJOY your day,
Penny O’Brien, GoWithPenny@Yahoo.com
Friday, April 15th, 2016
Hi Everyone, Happy Friday from Sunny, Windy Las Vegas:
Words: The Central Banker’s Conundrum April 8, 2016 — Mortgage rates declined a bit this week,
April 8, 2016 — Mortgage rates declined a bit this week, as investors refocused on global economic troubles and the words and deeds of central bankers around the globe.
Although modest U.S. economic expansion continues, doubts remain that it is durable enough to continue in the face of considerable worldwide headwinds, or strong enough so as to be an engine to help lift the world from its malaise. Certainly, many central banks are employing novel approaches to try to spark growth in their economies, but so far the only success story to be seen is here.
Much as it might like to, the Fed cannot lift interest rates as desired, at least not without causing the kind of market-disrupting outward ripples we endured in the aftermath of the Fed’s small move to the Federal Funds rate back in December. That move — and plans for as many as four more this year — so unsettled markets that the Fed was forced to back down its expectations for lifting rates in 2016 from four moves to two.
As they usually do after tumultuous periods, markets settled, and now, with Fed policy de-tuned, there aren’t any immediate rate changes for which to plan or hedge. The Fed is watching the data for clues, the market is watching the Fed for clues, with both reacting accordingly when they come. At the moment, the Fed is “talking down” expectations for growth and rates by highlighting the risks and challenges the economy faces. This has helped mortgage rates to fall, but presents a bit of a quandary for the Fed’s messaging to markets.
HSH.com’s broad-market mortgage tracker — our weekly Fixed-Rate Mortgage Indicator (FRMI) — found the overall average rate for 30-year fixed-rate mortgages eased by eleven basis points (.11%), slipping to an average 3.67%, its lowest value since May 2013. The FRMI’s 15-year companion found a little less space to fall, with this week’s average trimming nine basis points to an average rate of 3.07%. Rates on fully-insured FHA-backed 30-year FRMs remain considerably below their Fannie and Freddie counterparts but declined far less than they did, falling by just four basis points to land at an average interest rate of 3.55%. Meanwhile, the overall 5/1 Hybrid ARM continued tracked the FRMI completely, sliding by eleven one-hundredths of one% to land at 2.90 percent for the week.
The median price for condos was also up for the 47th month in a row.
with home sales have been higher than the year before ten of the last twelve months.
The housing market continues to be on the side of sellers.
The median price for single-family, re-sale homes in the Greater Las Vegas area rose, year-over-year, for the 47th month in a row in March.
I will say once again, INVENTORY is very low. If you are ready to move please give me a buzz so we can go over your Real Estate needs. I am here to help. Thank you for your time. Penny
Saturday, April 9th, 2016
Today is a big treat for me and many others. It’s Raining! I’m doing the happy dance. All night long it was raining, it stopped for a little bit and then it started up again. I’m currently sitting at Starbucks waiting to meet my clients and the rain just started pouring down like crazy, as they say it’s raining cats and dogs. If you’re not from Vegas you probably won’t understand my excitement. We are so abundant of natural sunshine most days of the year that having a little rain here and that is great.
Have you heard of Black Ice? It’s when the roads get super slippery because of oils, grease and other things that can drip out of your car/truck. So, since we don’t get much rain to wash those away you get black ice when it rain. Which means it’s like driving on ice but you can’t see it. It can be very dangerous driving during a rain storm here in Vegas.
Clearly, the rain can stop and become very sunny again. That’s about how long a rain storm will last here. It’s a wonderful change from the sunshine. That sounds kinda crazy but the rain helps wash away the dust, removes the dirt and our desert needs the nourishment. Oh, we get some amazing rainbows too.
So many people that live in Las Vegas have moved from other states and most people will say when asked, “why do you like Vegas so much?” Almost everyone will say they love the weather, so there you go. When you’re ready to move, please give me a call. I’m your agent come RAIN or SHINE.
LOL, I just had to add something. The couple sitting at my table just looked up average rain fall for Las Vegas in a year. 4.17 Inches and that’s in an average of 21 days. See why we all love it here? Enjoy your day folks. Penny
Monday, April 4th, 2016
YES!!!! I am a RE/MAX agent again. Of course there are always so many new things happening in Las Vegas, seriously, there really is never a dull moment here.
Once good piece of news is that I am back to being a RE/MAX agent. Listen, I’m not saying being affiliated with other agencies wasn’t a good experience. The truth is not just any Realtor can become a RE/MAX agent. There is a level of integrity that goes with being a professional.
I have so many years of experience along with the most amazing clients. I can not express my gratitude to everyone who has been a part of my Real Estate Career.
My honesty, professionalism and all the good that I am as a Realtor will only improve with my new office. I embrace my new move into this new path of advancement in my Real Estate Career.
What do you need in regards to Real Estate information? When are you planning on moving? I can help and you know what? I want to help.
call, text or e-mail me at anytime.
Enjoy your day and keep smiling. Penny
RE/MAX Agent. Oh, How I love RE/MAX
Tuesday, November 3rd, 2015
thank you for checking out this fantastic house.. Call me, Penny @ 702.321.9383 Signature Real Estate Group
Sunday, September 7th, 2014
Thank you for checking out this B E A U T I F U L home. Located in the SW part
of Sunny Las Vegas. 3 Bedrooms and Large Loft. Covered Patio and Grand Backyard
Monday, July 28th, 2014
Did you know that the truck that come around picking up your recycling are all in one trucks? You don’t need to separate your recycling anymore. It’s been that way for a number of years now.
Commonly accepted recyclables for your home include: aluminum and metal cans; glass bottles; plastic #1 and #2; plastic bottles with a neck (soda bottles, laundry product containers, etc.); newspaper and magazines (please bundle or tie); corrugated cardboard/box board (i.e. cereal/soda/beer boxes and similar packaging)
Currently, we are not able to recycle the following: plastic-coated paper; wrapping paper; waxed paper; window glass; light bulbs; ceramics; plastics other than products coded #1 or #2; cookware; hardcover books; polystyrene foam plastic (even if it has the recycling symbol); plastic bags; aluminum foil or foil pie pans. In some areas we may not be able to recycle: wax-coated paper (milk cartons); #1 coded plastics; pizza boxes; or yogurt/margarine tubs or similar items.
Can you recycle polystyrene foam plastic?
For all practical purposes, polystyrene foam plastic is not recyclable and we are not able to accept it for recycling at this time. Before discarding polystyrene foam plastic peanuts, consider taking them to your local mail and packaging store for reuse, typically without charge.
Can you recycle plastic bags?
Currently, we are able to recycling plastic bags in certain locations. Find your local recycling program details
regarding plastic bag recycling in your area. Some states and cities are passing laws requiring large retailers to offer recycling of plastic bags or we suggest use of reusable bags made of sturdy, lightweight materials. These reusable bags often come with money-saving incentives from retailers when used in lieu of paper or plastic carryout bags.
Have a good week everyone,
Las Vegas | Henderson | Summerlin Realtor/Real Estate Agent
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