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Posts Tagged ‘buy’

Las Vegas Buyers check list by Penny O’Brien 702.321.9383

Tuesday, March 28th, 2017

Hi everyone:

1. Square footage= SF

Like the story of Goldilocks and the 3 bears: Too small and you might quickly outgrow your new space. Too big can mean unnecessary energy bills and money spent furnishing space you never use.  Too much space to clean in my opinion.

2. Drive time

Be sure your daily commute won’t leave you sitting in traffic, rethinking your relationship with your house. Consider driving to work from your potential home a couple times during rush hour to make sure you know what you’re getting into.

3. Walking distance

Being able to walk, bike or hike  to shops, restaurants, parks and public transportation can really boost your quality of life.

4. Community

Does the neighborhood include features that you feel are critical to your particular lifestyle, like yoga studios, late night takeout options or a safe playground for your kids and or your pets?

5. Planes, trains and automobiles

If you travel frequently, be sure you love how close your potential new home is to the airport, main highways or public transportation. Not a fan of planes flying overhead – or late night trains? Keep that in mind when checking out areas as well. We have a disclosure for that. 😉

Enjoy your day or evening, Please give me a call with any Real Estate questions you may have.  I am here to help.  Penny O’Brien 702.321.9383 GOWITHPENNY@yahoo.com

Las Vegas HUD 184. Tribes and Tribal Cards. How does it work? New Contrustion is A, OK.

Saturday, March 25th, 2017

Hi there,

Here is just a little information about what Section HUD 184 requires and offers:

You must be an enrolled member of a federalized recognized Tribe.

Down payments:  estimated 1.25% to 2.25%

Regular 30 year fixed rates are available.

Yes, to New construction and renovation.

Low monthly Mortgage insurance.

Modular Homes allowed.

Gifts and Tribal assistance are ok.

No hidden terms or fees.

For more information Call Penny 702.321.9383  GowithPenny@yahoo.com

 

 

10 tips for first-time home buyers in Las Vegas, NV Penny O’Brien 702.321.9383

Monday, March 20th, 2017

Hi there,

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:

  1. Ask me questions related to Real Estate and Other related vendors.
  2. Listen to what I have to share about Real Estate.
  3. Listen and Learn, we are going to have a great experience.
  4. Let’s Debate about what you’ve heard.
  5. Realize you are here to learn, ask me questions.
  6. Maybe you’ve heard things about Real Estate that are not true.
  7. I am interested in what you do and what you need.
  8. Let’s take action to help you with your Real Estate Needs.
  9. Share your weaknesses, there is no such thing as a silly question.
  10. 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

Get Ready, Get Set. Let’s get moving Las Vegas. Call Penny O’Brien, 702.321.9383

Wednesday, March 1st, 2017

Hello everyone,

When I first got into Helping clients buy and sell homes I thought to myself, It’s really important to remember how much work it can be to move.  So many of us move in a home and stay set.  As one lady said to me the other day, I’m never moving again, she was probably in her late 50’s and just has had enough moving around.  She said I’m going to die in this house.  Which of right now we don’t have to disclose if someone dies in a property.

My point of this blog is, I just moved.  It was a great experience.  I don’t have a lot of things, I am a minimalist.  I will say tho,  even as a minimalist, it’s a lot of work moving.  If you need information about Las Vegas Real Estate, homes for sale, or are interested in selling, Please give me a call, I’ve been helping clients buy and sell homes in Las Vegas for over 17 years full-time.

If you are moving and need some help, give me a call.  I will help out if possible.

Enjoy your life,

Your Friendly, honest Realtor, Penny O’Brien  702.321.9383  RE/MAX Excellence

Legislature bills affecting homeowner associations 2017:: Las Vegas Homeowners will be affected

Saturday, February 25th, 2017

Hi everyone,

It’s that time of year for legislature to meet:  Here is a list of things we can watch for:

1. AB 11- More requirements on drones and portable helicopters.

2. AB 13- Revised provisions governing the annual fee for conducting business in Nevada.

3. AB 21- Makes various changes relating to elections.

4. AB 32- Revises provisions governing pest control.

5. AB 35- Makes various changes relating to insurance.

6. SB 24- Authorizes cities to enact ordinances requiring the registration of vacant properties.

7. SB 33- Prohibits the foreclosure of real property owned by certain military personnel or their dependents in certain circumstances.

8. SB 67- Revises provisions relating to fire safety requirements for multistory buildings occupied by people.

9. SB 68- A law set up for those people who are trying to sell property that they don’t own.

10. SB 69- Revises provisions governing state agencies, boards and commissions that regulate occupations and professions.

11. Other proposed bills pertain to AB 87 firearms, SB 79 confidential information, commission changes for the Common Interest Communities, electronic signatures, and of course, NRS 116 chapter.

I will keep you posted on what takes Place.

Enjoy your life:

Penny O’Brien 702.321.9383

GOWITHPENNY@YAHOO.com

 

Red Rock Canyon in Las Vegas NV. Call me for more info. Penny O’Brien 702.321.9383

Wednesday, February 22nd, 2017

 

Happy day to you all,

Here is an amazing picture taken inside Ice Box Canyon at Red Rock Canyon here in Las Vegas.  If you’d like to know more about what Red Rock Canyon has to offer or are looking for an Las Vegas Home to purchase or sell.  Give me a ringy dingy @ 702.321.9383. Or shoot me an email at GowithPenny@yahoo.com

I have been helping people buy and sell in Las Vegas or over 16 years full-time.  I’d love to help you too.  Enjoy your day. Penny O’Brien

Las Vegas Red Rock Canyon

Las Vegas Red Rock Canyon

GIVE PENNY A CALL @ 702.321.9383

GIVE PENNY A CALL @ 702.321.9383

Las Vegas HOA’s:: CIC’s what are they? Are they a benefit? Pros and Cons

Wednesday, February 15th, 2017

Hi there,

HOA’s what are they and why are they so popular in Las Vegas?  If you are moving from the Midwest and other areas of the world that don’t have HOA’s you’re probably wondering what they are and why are they important or not important.  To begin with HOA stands for Home Owners Association.  Another term for HOA is CIC, Common Interest Community? Here is the NV Law that gives the meaning:

1.  In the case of:

      (a) A condominium or cooperative, all portions of the common-interest community other than the units, including easements in favor of units or the common elements over other units.

      (b) A planned community, any real estate within a planned community which is owned or leased by the association, other than a unit.

      2.  In all common-interest communities, any other interests in real estate for the benefit of units’ owners which are subject to the declaration.

     In other words when you purchase a home that is within a CIC you will receive a Re-Sale package that explains the rules and by-laws within the community.  For example:  it may state, when you can hang your Christmas lights, how long you can set your trash out and when and where the trash can needs to be.   It may state you can’t paint your house purple.  What type of landscaping you can have. What type of lighting you can install. Where you can park or not park. Many but not all CIC’s are in gated community so you have rules about how the gate code is given out or not given out.  Many CIC’s are rules.

In communities that don’t have HOA rules, you more than likely can hang your Christmas lights all year long.  You can work on your car in the driveway, you can park RV’s or boats on the street.  In essence, you can do most anything you want and not get a warning or fined.

I moved here from Iowa and respectfully you cared about your property and how your neighbors are living in due respect to all of the community.  The city may have had a few restrictions but all in all there weren’t many rules.

Many people are happy to live in community with HOA’s.  Many people are not.  It’s all about what is important to you.  If you live within a HOA community you do not have the rights to change or go against the grade.  You will not probably succeed at changing things.

If you are warned by the HOA to example: pull your weeds from the front yard or pressure wash the oil off your driveway I recommend doing what they ask.  If not, you will be warned again and more than likely fined.

Many People who buy in HOA communities don’t realize that the HOA board members live in that community so they are somewhat policing the community.  They are looking for violations of the homeowners.  Some board members take this responsibility to the max and absolutely nit pick at homeowners to the point of annoyance and harassment.

I had at one time sold a condo to a client who loved the area, loved the complex but many of the board members took their position very seriously and in lack of a better way to explain were very terrible to the people who lived within the complex.  Needless to say My client asked me to sell his condo for him because he could not stand the HOA board members harassments.

When living in a HOA community you will have fees to pay. Most every HOA is different in their monthly fee, quarterly fee or yearly fees.

If you have any questions about HOA’s I’d be happy to discuss with you more about them.

Thank you for your time and enjoy your life.

Penny O’Brien 702.321.9383  GowithPenny@yahoo.com

Do you smell it? It’s fresh air time to buy a home with a pool season in Las Vegas, NV

Thursday, February 9th, 2017

Hi all,

Have You ever noticed how the smell in the air changes over night sometimes?  I live 4.5 hours from the California beaches but I swear some days I smell the ocean.  That Lovely Fresh ocean salty breeze.

I looked up to see how many houses were for sale to fit my clients criteria.  1995 sf or more, 4 bedrooms, 1 bedroom to be downstairs,  outdoor pool and under $310,000.   I believe there were only 74 in the whole Las Vegas valley.   Las Vegas weather for the most part is typically warm.  I always see a switch in buyers when this time of year comes around.  The air changes, the sun is a little warmer, you start hearing more birds chirping all the signs that spring is almost here.  The big difference for us here in Las Vegas is that spring can feel like summer.  Where in other parts of the country spring feels like spring.  We kind of get a little head start on the warm weather.

Many business start putting out summer related out door dining.  Everything starts growing toward being outdoors, hence the buyers consciously or subconsciously wanting to buy a home with a pool.  It maybe something they never considered before depending on where they maybe moving from.  Or, Maybe they just want the ultimate “party” house.  I know when I moved to Vegas from Iowa, having a pool was a must.  I promised my kids we’d have a house with a pool and we did.  There were Lots of fond

Las Vegas Housing market

Las Vegas Housing market

memories  made.

Just last night I showed a couple 2 homes with swimming pools.  Something about the desert heat and seeing the pool is so refreshing.  It’s a great time for sellers to put their homes on the market too, especially if they have a pool.

 

Enjoy everyone.  Your friend, Penny O’Brien

 

Military Families House Hunting in Las Vegas, NV. Let’s get moving. Penny 702.321.9383

Thursday, February 9th, 2017

Hi there everyone,

Are you currently with the Military?  Are you a Veteran? Please let me begin with, THANK YOU FOR YOUR SERVICE.  My son is with the Marines and I see the Honor and Sacrifice that goes along with being in the Military.  I am so grateful that there are People out there that care so much for our country and are willing to be there in times of need.  With that said, I can help you with your Real Estate needs,  I am the perfect Realtor for you.  I have over 16 years of helping families buy and sell here in the Las Vegas Valley. I moved to Las Vegas from Iowa almost 20 years ago.   As of right now I have clients who are Military.  They are purchasing a 2 bedroom condo near Summerlin.  They are having USAA do their loan.  I am very familiar with all types of loans and how to help you through the loan process too. Some types of loans are FHA, Conventional, VA, HUD loan, so many different types. There is also down payment assistant programs available.  There’s so much and I have the knowledge in what available for you. Let’s get together and figure out what type of loan is best for you. Or, perhaps you’re paying Cash.

I really do hope to hear from you.  I love helping and it’s the least I can do to help you in return for all you do.  You can reach me at 702.321.9383, text or call me. I always respond very quickly. Or email me at GowithPenny@yahoo.com   And, please understand there are no silly questions that you maybe afraid to ask.  I’m a REALTOR with your best interest at hand.  My buyers are buying condos, townhomes and Single Family Residences.  I look forward to hearing from you. I have Happy Clients. NOW, let’s get moving.

Have fun and Enjoy your life.  Penny

FIRTA, what is it? Las Vegas Inventory

Wednesday, February 8th, 2017

Hi all,

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.

Penny O’Brien

RE/MAX Excellence 702.321.9383

 

Penny O'Brien
Las Vegas | Henderson | Summerlin Realtor/Real Estate Agent


Cell:  702.321.9383
Email: lasvegasniceliving@yahoo.com

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