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Real Estate News

Commercial markets stay positive

Several sectors of Las Vegas’ commercial real estate market improved in the third quarter, with heavy construction activity in the industrial market.

Nine grants and programs to help you buy your first home

Buying your very first home can be overwhelming. There’s all the financial jargon and the mountainous mortgage paperwork, not to mention the dollar amounts that can make you dizzy.

HOA can take out a loan for park but it won’t be easy

The short answer is yes to both purchasing a park and obtaining a loan but it is not easy. Your covenants should address two issues, annexation of property and obtaining loans. Generally speaking, there are specific procedures that must be followed as this is not an action that a board of directors can take on their own.

Billions in development planned for the Strip and surrounding areas

The Las Vegas Strip could begin to experience a construction boom in the next several months, with a significant number of potential projects getting underway on the north end of the Strip.

GLVAR announces 2018 officers and board members

The Greater Las Vegas Association of Realtors recently announced the results of its annual election of officers and board members, with longtime local Realtors Christopher Bishop serving as 2018 president and Janet Carpenter serving as 2018 president-elect.

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Board member was injured checking lights

As a board member (as well as any homeowner), you have the right to obtain the name and contact person who insures your community. Not every homeowner association has worker’s compensation even though they should be insured as it would normally cover such an accident that occurred when a board member was performing their duty — in this case, checking the lighting.

Find out what escrow is and what it really costs

Escrow is a legal process in which parties involved in a transaction appoint a neutral third party to take temporary custody of money, securities or other tradable assets. An escrow agreement reduces risk and ensures both parties meet the conditions of their arrangement. People use the escrow process in the international trade, stock market and, most commonly, real estate arenas. Prospective homeowners go through the escrow process when they close on the sale of a home.

First-time buyer nervous about closing

Ask your agent to set up a last-minute walk-through of the property. You made your offer based on what you originally saw. If you now find a window that was broken since you first inspected the house, or a junked car in the backyard, don’t discuss it with the seller. Your agent and lawyer will know what to do.

Find out how to pay off your mortgage early

Making monthly mortgage payments can sometimes feel like something you’ll be doing for the rest of your life — but it doesn’t have to be.

Security lights cause headache for neighborhood

Unfortunately, other than fining the homeowner, the association cannot physically remove or move the security lights so that they do not shine inside some of your rooms and in your yard. You would like to think that neighbors can or should be “neighborly” and work with you, as it is an intrusion.

Five biggest benefits of VA loans

Tight credit, tougher mortgage lending and flat-lining wages have all breathed new life into the historic VA loan program. Veterans and military families are turning to these flexible, no-down payment loans like never before.

When is it time to switch mortgage lenders?

Smart buyers compare prices on everything from groceries to TVs, so shopping around before you switch mortgage lenders is a logical choice for many borrowers. Whether you’re tempted by an offer to refinance, want to release equity in your home, or don’t like the way your homebuying experience is going, weigh your options carefully before you decide to change mortgage companies.

Ways to make buying your first home more affordable

Owning a home has always been an important part of the American dream, but the reality is homeownership is becoming more difficult to achieve for many Americans. Below are several strategies that can help to reduce the cost of buying a home and turn that dream into reality.

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