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Real Estate News

Short-term rentals create problem for condo community

These short-term rentals, vacation rentals and Airbnb rentals will continue to plague association boards and their resident homeowners. Until the law changes, or until there are court cases here in Nevada pertaining to these various short-term rentals, your association will need to look at its own governing documents.

REAL ESTATE BRIEFS: New affordable apartment complex opens

The lack of affordable housing is a growing concern for cities across the country, particularly in Southern Nevada; but 783 people are now sleeping easier in their new affordable, quality homes at the Cordero Pines Family Apartments in northeast Las Vegas. Leasing is complete, and the working families of the new apartment community with supportive services have moved into their new homes.

Signing purchase offer can be scary for first-timers

Your agent should give you a copy of the form usually used by his or her brokerage, the local multiple listing system or the Bar Association. Study it in leisure ahead of time, for when it comes time to fill one out, you’ll be too nervous for quiet consideration.

David Tina first Nevadan to complete 10 for 10 YPN program

David J. Tina, the 2017 president of the Greater Las Vegas Association of Realtors, was recently honored by the statewide Nevada Realtors as the first Nevadan to complete the “10 for 10 YPN” program.

Cost for financial audit less than forensic audit

Please note that an audit is not the same as a forensic audit. A forensic audit is an examination and evaluation of an association’s financial information, generally conducted in order to prosecute a party for fraud, embezzlement or other financial claims, such as a conflict of interest, bribery and extortion or the misstatements of the financial reports.

RESALE HOME SALES Jan. 25-30

Editor’s note: Listings include the resale home’s parcel number. The address listed is the homebuyer’s mailing address and not the actual location of the resale home. About 90 percent of these addresses reflect the home purchase. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes. The information is provided by Accudata, a local research firm. For the complete listing, visit RJRealEstate.Vegas.

HOA can require homeowners to buy extra insurance

Depending upon the association’s covenants, conditions and restrictions, yes; the association could require a homeowner in a condominium to obtain additional insurance. The CCRs would probably not specifically name a type of policy, such as the HO-6 policy, which is a supplement insurance policy to the association’s primary insurance policy.

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Tips on fixing up the house before the sale

Some brokers feel the condition of a house can make a difference of as much as 10 percent in the eventual sale price, or at the least determine how long it’s likely to stay on the market.

RESALE HOME SALES: Jan. 18-24

Editor’s note: Listings include the resale home’s parcel number. The address listed is the homebuyer’s mailing address and not the actual location of the resale home. About 90 percent of these addresses reflect the home purchase. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes. The information is provided by Accudata, a local research firm. For the complete listing, visit RJRealEstate.Vegas.

Business help homeowners sell and then buy

It’s a common situation for many homeowners. A pretty new home or a fantastic-looking resale presents itself, but they can’t move until their current home is sold. For many people, waiting to sell a home and then closing on another can seem like a time-consuming, stressful nightmare.

Businesses help homeowners sell and then buy

It’s a common situation for many homeowners. A pretty new home or a fantastic-looking resale presents itself, but they can’t move until their current home is sold. For many people, waiting to sell a home and then closing on another can seem like a time-consuming, stressful nightmare.

Christopher McGarey takes helm at CCIM, CALV

Christopher McGarey, founder and team leader of The McGarey Group at Berkshire Hathaway Home Services, Nevada Properties, has learned to take charge and meet challenges over his lifetime, both in his personal life and professional career in real estate.

E-sports could boost commercial real estate

A trip to downtown Las Vegas could lead to seeing many business models, some that might be considered successful, some not, if you’re considering those elements at the time. During my visits, I’ve seen some common themes of money making such as gaming, zip lines, ax throwing and bars and restaurants.

Insurance policy likely would protect former board member

First, you have the right to obtain the contact information pertaining to the agent and carrier that provides the directors and officers libility insurance) coverage. You will need to contact the management company for that information. You could also contact the insurance agent to help review the policy coverage with you.

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