GLVAR participates in annual Realtor Open House Weekend
The Greater Las Vegas Association of Realtors will participate in its second annual Realtor Open House Weekend June 4 and 5.
"As part of this event, people interested in buying a home can potentially see hundreds of open houses all over Southern Nevada, all in one weekend," said Paul Bell, president of the Greater Las Vegas Association of Realtors. "It’s a great opportunity to find the right home at the right price, and to save time and money in the process."
After starting on a local level, Bell said the 2011 Realtor Open House Weekend has gone global, with at least 59 countries planning to participate this year.
The event is designed to attract and inform home buyers and offers opportunities to educate the public about the benefits of home ownership. For every two homes sold, national studies show one private-sector job is created.
Bell added that each home sold at the national median price generates an average of $60,000 in economic activity.
GLVAR will be providing signature blue Realtor "R" balloons for participating agents to display at open house events.
GLVAR will also be promoting the Open House Weekend locally to its nearly 11,500 local members, via traditional and social media and at all GLVAR events.
All open houses on June 4 and 5 will be highlighted in GLVAR’s Multiple Listing Service, on LVRJ.com, and displayed on the home page of LasVegasRealtor.com.
GLVAR was founded in 1947 and has nearly 11,500 local members. It is the local representative of the National Association of Realtors. For more information, visit lasvegasrealtor.com.
Nevada Realtors meet with lawmakers in Washington
Leaders of the Nevada Association of Realtors and the Greater Las Vegas Association of Realtors recently met with U.S. Senate Majority Leader Harry Reid and other members of Nevada’s congressional delegation last week in Washington, D.C., urging them to continue helping local homeowners and to keep housing issues at the top of their legislative agendas.
NVAR President Mike Young and GLVAR President Paul Bell led a group of nearly 50 Realtors from throughout the state who joined more than 8,000 Realtors from across the country in the nation’s capital as part of the National Association of Realtors Mid-year Legislative Meetings & Trade Expo, which were held May 9-13.
During the meetings, Realtors met with public policy officials, industry representatives and academic leaders to generate solutions for the challenges facing today’s real estate market and economy.
Young said the meetings focused on issues that are important for the housing market in Nevada and nationwide, ranging from ways to streamline short sales to maintaining opportunities for home ownership.
"We made our lawmakers and others aware of how crucial it is to make sure that anyone who is able and willing to assume the responsibilities of owning a home can do so — today and well into the future," he said.
Bell said Nevada Realtors urged government officials to do more to streamline short sales, which account for nearly one in four Southern Nevada home sales. Bell said Realtors also advocated for ensuring access to affordable mortgage products, reforming the secondary mortgage market so that a continual flow of mortgage liquidity is available in all markets, and preserving tax benefits for home ownership, especially the mortgage interest deduction.
"Reducing or eliminating the mortgage interest deduction would basically be a tax increase on homeowners — who already pay 80 to 90 percent of U.S. federal income tax," Bell said.
"We also oppose proposals that would increase loan limits because they would put home ownership out of reach for middle-class Americans.
"Requiring higher down payments does little to reduce default risks. Instead, it cuts into the savings of prospective buyers and decreases the number of borrowers who can afford to buy a home."
Ombudsman office offers HOA class in North Las Vegas
Homeowners association residents and directors are invited to attend a continuing outreach class offered by the office of the ombudsman.
The class features select chapters of the Nevada Common-Interest Community Manual, which outlines the rights and responsibilities of all Nevada HOA directors and residents.
The session is scheduled for June 22 4:30-7:30 p.m. at the Aliante Library, 2400 W. Deer Springs Way, North Las Vegas.
The class will feature chapters six, seven and eight of the manual, including meetings, elections and record keeping.
The 17-chapter Nevada Common-Interest Community Manual explains the business common to all associations statewide.
It is being released chapter by chapter online and will be available for sale in print once all chapters are released.
The office of the ombudsman, part of the Nevada Real Estate Division, assists association residents and directors in understanding their rights and responsibilities and offers dispute resolution services.
The program includes a presentation, handouts, brochures and numerous opportunities to ask questions.
This course is free and open to the public. Seats are limited and attendees are required to register in advance by calling 702-486-4480.
Future HOA educational classes are posted at red.state.nv.us/cic.htm.
Commercial real estate company signs lease with VA
Dallas-based Jackson-Shaw, a national, diversified commercial real estate development and investment company, announced it has signed a seven-year lease with the U.S. Department of Veterans Affairs for 11,576 square feet of office space at the NorthPort Business Center.
The business park is located within 10 miles of the VA Las Vegas Hospital and Community Living Center, which is expected to open in 2012.
It is also within five miles of the VA Southern Nevada Healthcare System, and the location will provide the veterans with easy access to health care facilities.
When it occupies the space in 2011, the VA will use it as a recovery center.
"NorthPort’s close proximity to the VA hospital and health care system were large factors in the selection of this location," said Tucker Thomas, asset manager for Jackson-Shaw.
"By choosing NorthPort, the VA will operate with other public service agencies and government entities in a premier business environment that can efficiently accommodate its needs."
NorthPort Business Center is a 24-acre master-planned business park located in northwest Las Vegas between U.S. Highway 95 and Interstate 15.
The award-winning development is represented by The Scherer Group at Grubb & Ellis.
Jackson-Shaw has offices in Dallas; Jacksonville, Fla.; and the Washington, D.C., region.
The company has completed more than 38 million square feet of development since its founding in 1971.
Today, Jackson-Shaw focuses its development activity on a variety of project types, including office, industrial, mixed-use, hospitality and residential.
For more information, call 800-351-7429 or visit jacksonshaw.com.