Retail analysts said Southern Nevada’s economy remains strong and expect holiday sales here to be stronger than the nation as a whole.
Real Estate News
Refinance rates are still near historic lows. Here’s how to determine whether you will benefit by refinancing your mortgage.
After a $2.1 million renovation project led by the original golf course architect Rees Jones, Rio Secco Golf Club, now owned by VICI Properties, reopened for play Oct. 13.
If you’re a new homebuyer, the different types of mortgages, costs and fees involved in the home loan process can be confusing. Besides coming up with money for your down payment, you’ll have to pay mortgage closing costs, which could total 2 percent to 7 percent of your home’s purchase price.
Bankrate.com surveyed up to 10 lenders in each state in March and April 2017 and obtained online loan estimates for a $200,000 mortgage to buy a single-family home with a 20 percent down payment in a large city. Costs include fees charged by lenders, as well as third-party fees for services such as appraisals and credit reports. The survey excludes title insurance, title search, some taxes, property insurance, association fees, interest and other prepaid items. The itemized average fees do not total to the average fees because the lenders’ charges vary. For example, not all lenders charge a document preparation fee.
The Commission for Common-Interest Communities and Condominium Hotels has determined that the following criteria will be the standard to determine if an association board has performed their duties which includes the “do’s” and don’ts”:
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You do have a dilemma there, and there’s no simple answer. You might stick with that terrific agent to find your next home and then, when it’s time to sell that home, list it with your nephew.
You would think a lending institution would be happy to get its money back early, but that’s not always the case. Believe it or not, you can be charged a penalty fee for paying off a personal loan early. Some banks and finance companies charge a fee to borrowers who pay off their personal loans before the end of the loan term.
Now is a great time to use an FHA loan. More money than ever is available to borrowers, which means more families will have the opportunity to own a home than ever before, according to the Federal Housing Administration.
There is new law passed under Senate Bill 239 that amends 116.30312 and addresses this kind of situation. In fact, the new law provides the authorization for the association to enter into the unit and take affirmative action. Unfortunately, the law applies to condominiums and vacant units.
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.
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.
The law is silent as to whether the names on the petition can be disclosed. If this was my association, I would caution on the side of being conservative and not release the names on the petition for concerns of potential harassment by other homeowners within the association. The association would check the names on the petition against their homeowner list to confirm that the signers are homeowners within the community. Unless required by the Ombudsman Office or by the courts, the signers would not be disclosed. Please remember that a petition is not the recall election and the homeowners would ultimately have to make that decision to remove or not remove a directors.
A carpenter could fix that door, and an electrician would solve the other problems. Buyers of an older house can pretty much expect minor surprises. Yours wouldn’t have been important enough to go to court over. They’re probably about par for the course in a lived-in house.