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Real Estate News

Palm tree may be damaging neighbor’s fence

From the one photograph you sent me it would appear the palm trees could have caused the damage to the cinderblock fence. In contacting the neighbor, you should first have a contractor look at the fence and obtain a written report as to the cause of the damage and the cost to repair the fence. The report would establish responsibility between the two homeowners as to whose landscaping caused the damage in the first place.

Virtual reality presentation can transport visitors into a Veer unit

Kamran Zand, real estate broker and founder of Luxury Estates International, has teamed with Fraser Almeida, creative director of Luxury Homes Photography, to video record the first virtual reality presentation of a high-rise condominium atop the Veer Towers at City Center on the Las Vegas Strip.

THE LATEST
Resale Home Sales By Zip Code — April 21-24

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.

There are rules for installing satellite dishes

NRS 116 does not address satellite dishes. Satellite dishes fall under the jurisdiction of the Federal Communication Commission.

Mortgages rates reflect mixed economic news

Mortgage interest rates essentially remained unchanged this week as economic news piled up in all directions: up, down and sideways.

At the start of the mortgage most cash goes to interest

At the beginning of your mortgage, most of your payment does go toward the interest. But later on, you”;ll owe much less interest per month, and the total debt will decrease rapidly.

RETRO COOL

They came on foot, by car and even by limousine. A few wore vintage outfits for the occasion. The sold-out crowd of 250 who showed up to the Nevada Preservation Foundation”;s second annual Vintage Vegas Home Tour May 8 was proof positive that enthusiasm for midcentury architecture is on the rise in Las Vegas.

5 ways mortgages have gotten better since the housing bust

Millennials who watched their parents or grandparents struggle with toxic mortgages, short sales and foreclosure might be reluctant to buy a home and get a mortgage themselves. But in fact, most of those bad old loans are gone and while real estate is never risk-free, today”;s traditional terms, strict guidelines and government-mandated forms can help millennials become safe and successful homeowners.

Condo has an HOA lein

Q: One of my neighbors has placed his condominium up for sale. During the last eight years he’s battled the association about a special assessment and has told everyone he’ll never pay it and it’s in collections. He’s proud that there’s a lien on the property. He’s gone to the Nevada Real Estate Division, gotten his own attorney and even contacted the city. But now he’s tired and “doesn’t want to fight it” anymore. No one on the board will talk about it, so we’ve only heard his side and don’t know if he’s telling the truth. I’m worried that no one will want to buy his condo because of the lien. How will they know that everyone else paid the assessment and all the work was done years ago? If there really is a lien, a new owner may think there’s a current problem.

Contingencies need to have time limits

Q: We put our house up for sale last week with a Realtor we think is pretty good. She told us to prepare for what she called a contingency, that our buyers would probably have to see if they could get a mortgage. Could we go on trying to sell our house while we wait to find out if the buyers work out? — P.R.

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