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Posts Tagged ‘market’

What’s your Summerlin Las Vegas home worth/value? Ask a Specialist, Special agent Penny. Las Vegas Real Estate, free CMA

Tuesday, September 4th, 2018

Hi again,

I’m happy you’re here.  What’s your house worth?  Are you looking to sell?  Give me a call and we can discuss your housing situation. Whether you are selling an investment property a personal home, maybe it’s a home in probate and you’re the executor.  I can help assist you in your Real Estate transaction.

Obviously it’s a good idea to let me see your property for an accurate account of what it’s value.  The generic CMA, Comparative Market Analysis is a general comparison of other homes that have sold within your 5-6 mile radius of your home.  A property/home that has sold within the past few months.  It’s really impossible to compare homes without viewing it to get the maximize price  for your home.  One persons idea of a really nice house with upgrades can be truly distorted by their opinion of what really nice means.

I spend a substantial amount of time putting together a true CMA for you, one that gives you the accurate information of what your home is worth.  I know the Las Vegas, Summerlin, North Las Vegas, SW and NW values of homes selling and how our Real Estate Market is at the time you’re ready to sell.  Listen, our market is changing on a daily basis, I know that sounds strange but it’s always changing and it’s important to understand how it works and is working.  Give me a call and we can discuss what you need and if it’s attainable.  Thank you for your time.  Stay safe. Penny O’Brien with RE/MAX Excellence. (702) 321.9383

20 years of FULL-TIME REALTOR Experience selling in the Las Vegas areas including: Summerlin, Green Valley, Henderson, SW, NW, North Las Vegas, NV all of Clark County. Pahrump too, NYE county.

HUD 184 Native Indian Home Loan Program info from Penny O’Brien 702.321.9383 Las Vegas, Henderson, Clark County

Wednesday, August 29th, 2018

Hi there everyone,

Yes! you’ve come to the right site if you’re looking into the HUD 184 Native American Indian Loan Program for Las Vegas, Summerlin, Henderson, Green Valley and the rest of Clark County.

I have helped many buyers with this program and can help you too.  Give/send me a call, text or email at 702.321.9383 or GowithPenny@yahoo.com.

Whether  you’re ready to buy now or in the future I can help guide you as I have helped many others with how the program works and if it’s right for you.  Even if you’re not ready to buy that’s ok, we can discuss the program and prepare you for your future purchase.

It is a government funded program so there are requirements you must meet but that’s common of most financing situations available.  If this program isn’t right for you I’m sure I can find you one that fits your needs.

Our Las Vegas housing market is hot right now, which means we have a very low inventory of homes for sale and more buyers than sellers.  It makes for our housing market to be a little off balance.  Las Vegas needs more sellers.  Sellers know this and are asking for more than their properties are worth, sometimes not all sellers do this but many do.  When they behave this way it drives up prices and sometimes the buyers who are financing a purchase get out bid by cash buyers.  In those cases it is what it is.

Do not give up hope.  I have successfully helped buyers purchase the home they wanted, they did not settle for less.  I have a great track record with working with other Realtors and take great joy knowing that I can meet my clients expectations of being a Rock Star Realtor for them.

Click on my testimonial page to hear what they have to say about me.  http://www.sunnylasvegashomes.com

Thank you again for you time.  Enjoy your life, Penny

 

Own or Rent? Las Vegas Housing market is Hot Hot Hot, buy now and invest in Vegas

Monday, August 20th, 2018

Hi Everyone,

Once every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was just released not too long ago.

This survey revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. During the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

So the bottom line is that the numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

Quietly saving money and owning your American Dream:

The “American Dream” is to own your own home, it’s also a way of “Saving” due to the growth in equity of the home. That is considering your home is going up in value.

Many people don’t invest in anything more than their home.  They don’t save money, they don’t have CD’s or entertain the idea of investing in the stock market.

 

want to know more, call Penny O’Brien with RE/MAX Excellece 702.321.9383

Luxury Homes in Las Vegas, Realtor Penny O’Brien explains what “luxury” Real Estate Means

Monday, December 11th, 2017

Hi Everyone,
I trust you’re having a wonderful day! If you’re looking for LUXURY I can help you find LUXURY. Penny O’Brien with RE/MAX Excellence, I put the Excellence in Real Estate. 702.321.9383

When half the homes on the market are suddenly marketed as “luxury,” the definition of the word starts to not have too much meaning of importance to the word. “Luxury” real estate is defined differently across different markets, as property values, median resident income and area development varies widely depending on the metro area.  We all know a home in Beverly Hills that sells for $2.5 million may be called a luxury while some builders in Las Vegas, Summerlin and Henderson  are selling homes in the low $400’s calling them Luxury.

Within Las Vegas the median price home right now is:  ESTIMATES only:

The median home value in Las Vegas Metro is near $236,800. Las Vegas Metro home values have gone up a little over 11%.  The median list price per sf. in Las Vegas city area is $148. The median price of homes currently listed, in ER status and C, P Status in Las Vegas Metro is $285,000 while the median price of single family homes that sold is $244,868. The median rent price in Las Vegas Metro is $1,300-$1400 which is the same as the Nevadan median  price of around $1,350.

Buyers, sellers and Renters, Call, text or email me, Penny 702.321.9383

Good News for Clark County Buyers, FHA buying limits for Las Vegas Henderson North Las Vegas SW and NW of the Las Vegas Valley

Friday, December 8th, 2017

 Hi there everyone,

Ready, get set, go.  These new FHA loan amounts are increasing for home buyers which is great news since our Las Vegas Home Prices are rising. It’s a wonderful time to buy homes here in Las Vegas. I put the excellence in Real Estate.  Contact me for more information about our housing market, Penny O’Brien with RE/MAX Excellence @ 702.321.9383

ONE UNIT :  $294,515

TWO UNIT :  $377,075

THREE UNIT: $455,800

FOUR UNIT    $566,425

Are you interested in the FHA loan called Section 184 Native American Indian Loan Program?  I can Help, I know the program and have helped many buyers purchase homes using this great program.  You can use it for new and re-sale homes.  Town homes, single family homes and condos.

Enjoy your day/evening.  Penny

Coming soon a new Summerlin Town home listing SINGLE story 1849 sf 2 car garage 3 bedrooms

Thursday, December 7th, 2017

Hi there,

just in case you’re in the market to buy an amazing town home is Summerlin Las Vegas, I’ve got one coming on the market soon.  It even has a pool. Totally upgraded and beautiful inside.  3 bedrooms with 2 car garage.

This town home will sell in a matter of a few hours.  It’s located in a fantastic area of Summerlin and hardly ever do any town homes in this community go for Sale.

I put the Excellence in Real Estate. Penny O’Brien with RE/MAX Excellence.

Call me for more information, 702.321.9383

Cash and Conventional offers accepted.

Native American Indian Home Loan Program Section 184 HUD, Help is here

Friday, November 17th, 2017

Hi there,

Are you in the market to buy a home?  If so, give me a call to find out more information about a fantastic program. Penny O’Brien 702.321.9383 I can help  you right NOW.

The Section 184 Native American  Home Loan Guarantee Program is a home mortgage specifically designed for American Indian and Alaska Native families, Alaska Villages, Tribes, or Tribally Designated Housing Entities. Section 184 loans can be used, both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance.

The unique status of Indian lands being held in Trust, Native American homeownership has historically been an underserved market. Working with an expanding network of private sector and tribal partners, the Section 184 Program endeavors to increase access to capital for Native Americans and provide private funding opportunities for tribal housing agencies with the Section 184 Program.

To help and increase Native access to financing, the Office of Loan Guarantee within HUD’s Office of Native American Programs, guarantees the Section 184 home mortgage loans made to Native Borrowers. By guaranteeing these loans 100%, we encourage Lenders to serve the Native Communities. This increases the marketability and value of the Native assets and strengthens the financial standing of Native Communities.

take care, enjoy your day/evening. Penny

Month-over-month change in selling prices for August 2017 Las Vegas and the United States

Friday, November 17th, 2017

Month-over-month change in selling prices for August 2017This is very interesting.  I hope you enjoy it too.  Moving?  Let me know how I can help with your Real Estate needs. Penny O’Brien 702.321.9383

This map shows each state’s month-over-month selling price for August 2017.  The light gray states, prices have gone up between July and August. This would suggest a seller’s market where buyers may face increased competition. New York and Wisconsin had the highest month-over-month price increases — both above 6% — likely indicating that their housing markets are gaining strength.

The full data lists the median selling prices in July 2017 and August 2017 for each state. The actual numbers can give some insight into the amount of inventory compared to demand from home buyers. Median selling prices are currently over $300,000 in many large seller’s markets including District of Columbia, Hawaii, California, Massachusetts, Colorado, Washington and New York. According to the data, District of Columbia had the highest median selling price in August 2017 at $510,099.

I have over 20 years experience working with buyers and sellers.

Penny O’Brien

RE/MAX Excellence

702.321.9383

Need financing?  I can help you with that too.  I have many lenders who have been busy doing loans in Las Vegas forever and a day.

Section 184 the Native American Indian Program is a wonderful program.  Call me about more information I have helped so many buyers, HAPPY buyers.  Penny 702.321.9383

Section 184 Indian Home Loan Guarantee Program in Las Vegas, Ask Penny O’Brien 702.321.9383

Saturday, October 21st, 2017

Hi there,

Yes, You have come to the right person to help you with your home purchase using Section 184.  I have helped so many buyers with this program.  Call Me anytime: 702.321.9383, Penny O’Brien

The Section 184 Indian Home Loan Guarantee Program is a home mortgage specifically designed for American Indian and Alaska Native families, Alaska Villages, Tribes, or Tribally Designated Housing Entities. Section 184 loans can be used, both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance.

Penny’s take about Section 184 Indian Home Loan Guarantee Program:

  • Low Interest Rates: based on the market, it is not the applicant’s credit score
  • Low Down Payment: 2.25% on loans over $50,000
  • Lower Monthly and Upfront Mortgage Insurance than other programs. Nice, right?
  • All Section 184 loans are reasonable and affordable, with reviewed fees and structured appropriately.
  •  Although America has seen a drop in mortgage lending; Section 184 loans, since they are guaranteed by the Federal Government, have stayed healthy and productive.
  • I have amazing clients who have used this program and are extremely happy.

I am ready to help answer any questions you have.  I look forward to hearing from you.  Penny O’Brien @ 702.321.9383

Penny O’Brien

 

 

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

 

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


Cell:  702.321.9383
Email: lasvegasniceliving@yahoo.com

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