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Real Estate News

Wrap-up of state laws affecting local HOAs

This is the last in a three-part series on recent laws that affect local homeowners associations.

The 10 worst things you can say to a mortgage lender

Getting a mortgage loan is an involved process that requires a full examination of your financial background. You’ll likely have to answer countless questions and complete a mountain of documentation — and you’ll probably have your own questions to ask and comments to make.

Las Vegas multifamily market attracts investors

The apartment market in the Las Vegas Valley has been trending upward in several aspects, including rental rates, occupancy and the number of units under construction.

The basics of how an interest-only mortgage works

An interest-only mortgage can sound appealing for a potential homebuyer because it is a mortgage loan that requires that you pay only interest — no principal — for the first several years. After that, you pay the principal and interest.

Six benefits of getting a HARP home loan

If you don’t know about the Home Affordable Refinance Program, this might entice you to learn more: Eligible homeowners could save as much as $2,400 annually on their mortgages by participating in it, according to the Federal Housing Finance Agency. As of December 2015, more than 3.4 million HARP refinances have been completed — and more than 325,000 borrowers were still eligible to sign up.

All real estate contracts must be in writing

All contracts for the sale of real estate must be in writing in order to be enforceable. Translation: Oral agreements aren’t worth the paper they’re written on.

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More new laws that affect local HOAs

This is the second column in a three-part series about the recent state laws that will affect Southern Nevada homeowners associations.

Contract should not be longer than three months

First, let me stress that a seller should not (in nearly all circumstances) sign a listing contract longer than three months. If a home doesn’t sell in 90 days, but sellers believe the agent is doing his best under challenging circumstances (e.g., buyer’s market, high-crime area, isolated listing, etc.), the seller can then always ask the agent to extend.

Commercial real estate experts predict continued growth in 2017

Commercial real estate experts are predicting continued growth across several sectors in the Las Vegas Valley: retail, office and industrial, which is on course to have a record year of construction activity in the area.

Several new laws affect local HOA boards

It’s that time of year again to review the new Nevada Revised Statutes 116 laws that impact our associations. There will be a series of articles over the coming weeks. Many of these new laws will require associations to modify their rules and regulations.

Dream home has minor imperfections

You may not get far with items you could have seen for yourselves in that final walk-through — things like the crack in the bathroom floor. That’s what the walk-through is for. As for the fire pit, if you wanted it, it would have been a good idea to specify in your purchase contract.

Real estate broker vs. agent: Which should you use to sell your home?

A home is a major investment, often at the center of some of the largest financial transactions a person makes during their lifetime. This is why homebuyers and sellers turn to real estate professionals who understand the local market and can offer good guidance through a real estate sale.

Luxury real estate experts discuss industry

This month, the Nevada Association of Real Estate Brokers hosted a series of three events for Realtors looking to get into the luxury level of the market.

Tips for sprucing up home before market

Start by parking across the street from your home and considering potential buyers’ first impressions. Could the lawn benefit from a little fertilizer? Are the bushes trimmed? Is the garage door kept closed? Might a couple of showy annuals add sparkle when in season?

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