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Real Estate News

Chris Bishop named 2018 GLVAR president

Chris Bishop assumes the mantle as president of the Greater Las Vegas Association of Realtors on Jan. 1, but the origins of his feat started more than two decades ago.

REAL ESTATE BRIEFS

The Wolff Co. has broken ground on Revel Vegas, a new senior apartment community. The development is expected to open in 2018.

Defining short-term rentals may get harder

More than one court case has ruled in favor of the short-term rentals, stating that they are not a business use prohibited by the CCRs.

State law governs HOA elections

According to Nevada Revised Statute 116.31034 (14a), the association shall send the secret ballot with a return envelope to the mailing address of each homeowner. Each unit owner must be provided with at least 15 days after the date that the secret written ballot is mailed to the owner to return their ballot to the association.

Resale Home Sales Nov. 21-27

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.

How to get rid of PMI

Private mortgage insurance, or PMI, is an added expense that some homebuyers are required to pay. As the name implies, PMI is a separate insurance policy that covers mortgage payments. The purpose of PMI is to protect lenders in the event that a homebuyer defaults on a mortgage. To learn how to stop paying PMI, check out what you need to know about shelling out for mortgage insurance.

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Which mortgage is right for you?

For most mortgage borrowers, there are three major loan types: conventional, FHA and VA. Here is how they compare.

More factors affect how long it takes for a home to sell

Sorry, but there’s no rule. Every property is unique, and more factors are involved than just the state of the local market. We’d need to know, for example, how widely the property has been exposed on that market and what similar properties happen to be offered for sale at the moment.

GLVAR leaders join experts from around U.S. at NAR Conference

Members of the Greater Las Vegas Association of Realtors joined more than 20,000 real estate professionals and fellow industry leaders from around the country at the 2017 Realtors Conference Expo held in Chicago last month.

REAL ESTATE BRIEFS

David R. Tina nominated to national leadership post

GGP Inc. mulls over $14.8 billion bid

Chicago-based mall giant GGP Inc., with major assets on Las Vegas Boulevard and other parts of the valley, could be headed for a shift in ownership.

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