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Real Estate News

Tax professionals can help with sale of inherited house

Your cost basis is the value of the home at the time of your mother’s death or up to six months after that. If the home has gone up a lot in value since 2014, and if it sold for more than your cost basis, you may have some taxable profit. You’ve had expenses of selling, though — some of which can be subtracted. I would strongly advise taking all the figures to a tax professional for help with your 2016 return.

LUXURY HOME SALES

■ 3750 Las Vegas Blvd. South — $5.5 million; 3,922 square feet. Parcel No. 162-20-712-196. Seller: The Villa Robleda Revocable Living Trust dated Jan. 9, 2011. Buyer: Utopian Flat LLC.

Resale Home Sales Oct 20-Oct-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.

THE LATEST
HOA board member uses Facebook as sounding board

I am wondering what the Legislature and/or statutes have to say about someone (particularly a board member) setting up a Facebook page using the name of the community (without permission).

There are options in dealing with vacant homes

A number of readers have asked me to comment upon vacant homes owned by lenders. So I will address this in my column.

Experts: Residents are not using homes as ATMs

During the second quarter that ended June 30, Las Vegas had 1,156 homeowners draw equity out of their homes. That’s a 17 percent increase over the second quarter of 2015 when 992 did the same, according to according to California-based Attom Data Solutions, the parent company of RealtyTrac.

Tips for the first-time homebuyer

Are you a first-time homebuyer eager to get into the market? Here are steps to decide whether you’re ready to take the plunge.

All bids must be presented to HOA membership

The law does not state the bids must be mailed to the association. The law states that the bids are to be opened at a board meeting and read aloud to the membership. There are many times when a bid is hand-delivered, most often because the contractor wants to make sure that her bid has reached the board or the management company in time for board consideration.

Right time to refi: Mortgages near record low

Mortgage rates slid to their lowest level in almost three months, giving homeowners another shot at refinancing.

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