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Are closing costs tax deductible?

Homeowner tax deductions aren’t always easy to calculate, but the IRS does break down what types of tax deductions you can take when you file Form 1040. The only way to deduct closing costs, such as property tax, is by using itemized deductions. You cannot take a standard deduction and also deduct your closing costs, so you have to decide which one offers the most tax advantages for your situation.

San Francisco-based Opendoor.com partners with Lennar

Recently launching its Home Trade-Up Program, Lennar Las Vegas hopes to revolutionize the way consumers purchase and sell homes.

Lake Las Vegas opens Sports Club Jan. 1

As the valley rings in the new year, the Lake Las Vegas master-planned community opens its newest amenity, an over 17,000-square-foot campus-style Sports Club.

Ten tips to have an awesome mortgage in 2017

There are several ways to make sure you have the best mortgage this year. Here are 10 easy tips.

What is escrow and what does it really cost?

An escrow account, also known as an impound account, is a holding area for assets that can be traded, such as money or stocks. In the case of real estate, a lender might require higher-risk borrowers to put mortgage insurance or other mortgage impounds into escrow.

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As temperatures cool, activities heat up in the valley

It’s the time of year when area master-planned communities commemorate this special time of year with several events for residents and non-residents alike.

Master plans hold Halloween events

Local master-planned communities are celebrating All Hallow’s Eve with fun family activities all weekend leading into the main spooky event.

Tips to ensure your mortgage preapproval remains intact until closing

You’re preapproved for a mortgage. That deal isn’t sealed until you leave the closing table. What you do between now and then can help, hurt or kill your pending loan application. So what can you do (and what should you avoid doing) to make sure your closing goes off as planned?

Heritage Recreation Center opens in Cadence

Anticipation is building for the Heritage Recreation Center, Lennar’s new 22,713-square-foot neighborhood amenity, to open late October within Cadence, a Henderson master-planned community. Heritage is Lennar’s first age-qualified community in Henderson.

The costs of buying a home come in these three big waves

Many millennials want to buy a home because they know it can be cheaper than renting. Truth be told, however, buying is complicated, and it’s not easy to figure out how much money you’ll need.

Jumbo mortgages: Low rates, strict terms

Borrowers who need large home loans will find an increasing number of lenders willing to offer jumbo mortgages. They’ll also find low rates. But the qualification requirements remain stringent.

Master plan residents use social media to help build communities

Konrad’s use of social media at the time foreshadowed what is becoming a national movement of mother’s using social media, predominately Facebook, to network and build a sense of community for themselves and their children. This is becoming increasingly prevalent in area master-planned communities.

Pardee puts a modern take on the traditional farmhouse

The cookie-cutter look visible in many Las Vegas neighborhoods is getting a makeover, and it’s literally back to the farm. Pardee Homes is opening its models in the first phase of Skye Canyon in northwest Las Vegas on Sept. 10.

Local builders support high school program

A lingering impact of the Great Recession of the late 2000s is a labor shortage in the construction industry. An estimated 1.4 million workers lost their jobs when builders were forced to lay off workers and even close their businesses. Thousands of those workers were in metropolitan Las Vegas. Despite the economic recovery, many former construction workers aren’t coming back to the homebuilding industry. They found satisfying work in new industries. Some retrained to work in commercial and industrial construction.

How to finance a manufactured home

Buying a new home is a major investment that often requires a hefty down payment and expensive, long-term loans. For people on a tight budget, buying a mobile home or a manufactured home is a more attractive option that offers a wider range of flexibility than traditional or stick-built homes.

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