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Real Estate News

REAL-RESALE MAR 3-6

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 or on Facebook at www.facebook.com/RJRealEstateLV.

Age-qualified community things flipper is fibbing about grandparents

We have a property that was purchased and rehabbed by an under-55 flipper, who is now living in the property. He has priced the property ridiculously high, so there is no chance it will be selling anytime soon, and he keeps telling us his elderly grandparents will be moving in, but we have not seen them. Nor do we expect to frankly. We have pretty much determined his grandparents do not exist, he is just telling us that to buy time as to why he is living in the place.

Summerlin is hotspot for age-qualified communities

You”;re in luck. As someone who lives and works in Summerlin and has sold many homes there over the years, I can tell you it”;s home to some of the most popular age-qualified communities in Southern Nevada.

Mortgage rates fall back and remain in refi territory for many borrowers

New home sales slightly rebounded from January to February, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales rose 2 percent to 512,000 month over month but were 6.1 percent below the year-ago rate.

REAL ESTATE BRIEFS

GLVAR announces Top 40 Under 40 Hall of Fame

REAL-RESALE FEB 25 – 28

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 or on Facebook at www.facebook.com/RJRealEstateLV.

THE LATEST
Law says HOA cannot prohibit rentals in community

Q: Just a quick question about rentals in our subdivision. We’ve been here for 12 years now and ever since the recession, a lot of the foreclosed homes in our housing track have been bought by Realtors and speculators and rented out. This has kind of helped keep our home values down some. Our homeowners association says there was no limit on rentals set in the bylaws, so there is no way they can stop owners from renting their homes. They say they can’t change the original rules. If enough owners, living in the

Inspection is key when buying home that needs work

The key to buying a home in as-is condition is simple: Know what you”;re getting into. As-is condition simply means that the seller does not guarantee the condition of the home; it doesn”;t mean the buyer can”;t find it out before dumping money into a pit.

Mortgages that require little or no down payment

Homebuyers with little money for a down payment are finding more home loans available for a low-down payment or even no down payment.

How do I get a personal loan?

A personal loan is a viable option if you are looking for a way to pay for home improvements, a medical procedure or your child’s wedding. Loans can range from $500 to $100,000, and collateral usually isn’t required to cover them.

There could be more FHA loans to go around

Lenders who have previously shied away from making FHA-insured loans may now give them a second look.

Properties may have water feature restrictions

Q: I just bought a beautiful house with desert landscaping. I want to put in a pool and I was shocked to find the home had a restrictive easement by the Southern Nevada Water Authority.

Good advice for new landlords

Q: I hope that nobody buys a home to rent out unless they know renter’s laws, have a good and reasonably priced lawyer and know how to fix things themselves. — I.D.S.

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