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Real Estate News

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.

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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.

Eldery couple likely has no tax worries

Hello! My mother asked me to write to you with some questions. My parents recently sold their home in Colorado, which they’d lived in since 1975. Since 2014, they’d had a caretaker live in the house while they tried out life in Florida. Now they spend winters in Florida and summers in their cottage in New York.

Southern Nevada home sales on the rise

Despite a tight housing supply, more existing homes are selling in Southern Nevada.

Condo community can tag vehicles with expired plates

If you have a security service or a towing company, the association should authorize security or the towing company to tag the guests’ vehicles that have expired plates.

Interest could be seen as rent for use of money

Years ago we used the bank’s money to buy houses. Think of interest as a sort of rent you’ve been paying in return for the use of their money. If you moved out of an apartment you wouldn’t expect the landlord to return all the rent you’d paid in the past. You got something in return: the use of the apartment. And the bank won’t return the money you paid in interest.

Mortgage rates stay low, and so does homebuilding

Even as the benchmark mortgage rate remains below 4 percent for the 36th week in a row, it’s still hard to find a brand-new house to buy.

New FHA rules will help homeowners purchase a condo

As Las Vegas homebuyers are likely to notice, often the most affordable homes on the market aren’t single-family homes — they are condo units. Complete with cheaper price points and typically with more community amenities, a change in federal law also could make buying a unit much easier.

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