If you’re deciding whether to lock your mortgage rate, I suggest floating it and consulting with your mortgage loan officer, because rates might head downward. Or rates might hold relatively steady, but you might get a better deal on discount points. Either way, don’t lock until you’ve talked it over with the loan officer, who might advise you to lock right now or maybe even wait until early in the coming week.
Real Estate News
I’m a seller and after four months of granting homebuyer’s contract extensions, I’m not going to grant another. I want my house back on the market. The current buyers have financing issues and apparently have made purchases and deposits on several things in the run-up to closing, and that has jeopardized their credit. I’ve signed off on previous extensions, but the last contract extension is now expired. Am I still at the mercy of the buyers? — Jill J.
The present owners may have some tax abatements. These differ from one area to another and may offer discounts to low-income owners, seniors or veterans. On the other hand, local offices sometimes add in items like the owners’ unpaid water bills. For any house you’re considering, determine its true tax figure.
Multiple benchmark mortgage rates ticked downward this week. The average rates on 30-year fixed and 15-year fixed mortgages both ticked downward. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, climbed.
The Greater Las Vegas Association of Realtors has made news in recent months by documenting what has become a local housing shortage.
It is unfortunate when homeowners cannot be good neighbors. An association’s relationship between homeowners can be found within the guidelines and directions of the association’s governing documents. Please note that not every issue or dispute or complaint falls under the board’s legal jurisdiction.
Mortgage rates edged higher this week while continuing to stay below their recent highs. If you’re wondering why this gift of softer rates has fallen into borrowers’ laps in recent weeks, look no further than the Trump White House.
It would appear from your email that they are in compliance with the law. You need to inform your board to review NRS 116.332.
It’s the homeowners who are in control. You didn’t say anything about them. They may be elderly with emotional ties that make it difficult to view the property impartially. In addition, they may be in no hurry to move, or even subconsciously reluctant, thinking, “If we don’t get our price, we’ll just stay here.”
If all else fails, you may just have to file a noise complaint. There is some precedent for homeowners getting cited for loud flags, by the way, such as the case of a man in Chesterfield Township, Michigan, who was ticketed for a noisy 12-foot-by-18-foot flag. However, a man in Long Beach, California, who flew a massive 30-foot-by-60-foot flag on a 132-foot pole over his residence, was able to successfully fight off several complaining neighbors in court. In those two cases, as you might suspect, the flag owners accused the complainants of being un-American.
In the coming weeks, I will be writing my traditional articles on the new association laws that were passed and signed by Gov. Brian Sandoval, so be on the look out for them.
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.
Did you miss out on refinancing your mortgage last summer or fall? Here’s another chance: Mortgage rates are at their lowest levels in nearly seven months.
Mortgage lenders are not allowed to discriminate on the basis of age. They cannot even ask how old you are. And, by the way, you might prefer a condo so you can be free of maintenance worries and expenses.
There are no specific state statutes regulating phone calls. Good business public relations would recommend that phone calls be returned within 24 to 48 hours, depending upon the nature of the phone call. In emergencies, you would expect someone from the management company to respond in a timely manner.
