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Suggested reading material for HOA 101

You should contact the Nevada Real Estate Division and Community Associations Institute Chapter for other practical information in governing associations as well as seminars that are being taught on a regular basis to assist managers and board members.

Avoid dual agency representation in real estate deals

The bottom line is dual agency representation may sound appealing, but it is best to avoid such an arrangement. It negates the rights of both the buyer and seller. Most agents are not skilled or experienced enough to manage a dual agency transaction.

Condo building has strict rules on flooring choices

t is not unusual to have regulations in a condominium to help reduce the sound from one unit to another unit, especially those vertical ones.

Community wants to add designated spaces in parking lot

Finally, changing the parking lot to one with designated spaces may require approval by the homeowners as it may fall under architectural change of the common area.

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Rising mortgage rates affect homebuying decisions

While mortgage rates continue to fluctuate due to ongoing inflationary pressures and economic uncertainty, experts project they’ll start to stabilize in the months ahead.

Seven common borrowing mistakes for property acquisitions

Property acquisitions are a great form of consistent revenue generation. However, not everyone has the capital on hand to purchase properties without assistance.

Send courtesy letters to owners draining pools in street

Continue to remind pool owners in your flyers. For those violators, do send out courtesy letters, which include the statement that a second offense will result in a hearing (check your enforcement policy as to when you can send the hearing letter).

Homeowner wants to replace tree with boulder

As to the actual removal of a tree and replacing it with a boulder, you will need to look at your architectural guidelines as the board may have the authority to require you to do more than place a boulder.

Industrial sector ‘darling’ of commercial real estate

When I look at what’s happening and what’s to come, I like the odds. As Las Vegas continues to navigate the current economy, she will continue to do what she does. Reinvent herself, bigger and better!

A new normal: The shift toward a buyer’s market

As we approach a post-pandemic market, interest rates have resurfaced around the 2019 national average, which was the 15-year average before 2020, median sale prices have continuously decreased since June and inventory has tripled over the last three months. Such shifts are defining factors of the market re-balancing and giving buyers some power back.

HOA changes homes’ color schemes

If at the time of purchase of the home, the color scheme was part of the original architectural guidelines, the association may possibly not have the authority to mandate a new color scheme.

A new normal: The shift toward a buyer’s market

As we approach a post-pandemic market, interest rates have resurfaced around the 2019 national average, which was the 15-year average before 2020, median sale prices have continuously decreased since June and inventory has tripled over the last three months. Such shifts are defining factors of the market re-balancing and giving buyers some power back.

Five things that may affect your home’s value during an appraisal

When it comes to getting the most out of the appraisal process, preparation is key. It’s also important to understand that appraisers are focused on the condition, function and features of the home to ensure the property is appraised at full market value.

Law says HOA president can be removed from office

Nevada Revised Statute 116.31036 pertains to the removal of a director. A director can be removed with or without cause.

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