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Real Estate News

What to look for when buying a house

Q: What should I look for when buying a house? A: Make sure that the house you plan on buying checks out, and ensure that your financial situation can support this important purchase.

Mortgage rates drop as loan applications pick up

Mortgage rates fell this week, and the timing was excellent. After the big game is over, people start thinking of buying houses.

THE LATEST
LUXURY HOMES JAN. 22-28

• 11 Morning Sky Lane – $3.6 million; 10,958 square feet square feet. Parcel No. 164-14-211-031. Seller: Wilmington Savings Fund Society. Buyer: Johnny Mora.

Resale Home Sales Jan. 19-25

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.

Nobody likes higher HOA assessments

In 2012, the board decided to do a massive tree cutting for the duplexes, as they had been originally overplanted. There are five duplex neighborhoods. I live in area No. 5, which was determined to need the most work. The quarterly fees were adjusted according to how much work was needed for each area.

Resale Home Sales Jan. 12-18

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.

Home heating tips for the winter

I wanted to share with my readers some home-heating safety tips to help cope with the dropping temperatures in the Las Vegas Valley. The last thing we all want is a fire to start our new year.

LUXURY HOMES JAN. 15-21

• 3750 Las Vegas Blvd. South, Unit 4501 – $2.4 million; 2,126 square feet. Parcel No. 162-20-712-205. Seller: Memo Trust Investments LLC. Buyer: Jerome N. Deutsch Revocable Trust dated Jan. 7, 2004.

How to get a mortgage for $1M or more

Jumbo home loans generally require putting up to 20 percent down on your purchase and making sure your monthly mortgage payment doesn’t exceed 43 percent of your income before taxes.

Change of lenders does not change terms of loan

The mortgage document you signed probably says that the lender has the right to sell your debt. Dig it out and take a look. Not to worry, though. If that were to happen, all your original terms and provisions would remain exactly as they are, and the remaining debt should reflect your extra prepayments.

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