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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.

THE LATEST
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.

This Las Vegas housing market is correcting not crashing

It’s shocking how fast things change in the local real estate market. Is it time to accept that the housing bubble has officially burst and we’re headed for another collapse like 2007-2008? I can see the eager investors now, licking their chops and rubbing their hands together excited, waiting for values to crash so they can swoop in and cash in on deals, like before. Well, don’t begin to drool yet expecting a crash; I think a housing correction is what we’re witnessing.

HOA vice president has right to hear complaint against him

If the president wants to review the complaint with the full board, the president should call for a formal hearing. The president should not be judge and jury.

Why it is a must to choose your Realtor wisely?

In 2021, Las Vegas experienced its most frenzied market in years. Any agent could put a house on the market and it had a considerable chance to sell. But, with the shift in supply and demand 2022 has presented, today’s sellers are experiencing a more competitive market. Making the choice of who you select to represent you and present your home to the market is more important than years past.