Mortgage lenders require paperwork that verifies every facet of your financial life: income, debts, assets and more.
Real Estate News
Downtown Summerlin gears up for Spring Festival
The foreclosure crisis dumped many Las Vegans out of their homes with poor credit, a loss of equity and no next step to purchase a home.
Q: I just bought a townhouse in a nice, older guard-gated Henderson golf community. The homeowners association fees are about $300 a month. By the time the deal closed and I moved in I did not have much time to read the covenants, conditions and restrictions. Is there a law that says you have a certain amount of time to read the rules before you commit to the sale? When do they need to get them to you? I really wanted to build an office in my garage, and now I find out I can’t.
On June 28 the past president of the Greater Las Vegas Association of Realtors, Keith Lynam, talked to the Las Vegas Review-Journal about homeowners associations’ foreclosing on homes. The headline read: “Realtor groups say HOA foreclosures unfair.”
Mortgage rates mostly increased this week following a favorable jobs report and overall improvements in the global economy.
Here are six must-do’s before you list a house for sale.
Homeowners association fees: Some of us complain bitterly about them while others simply take them for granted as the price we pay for secure, well-manicured streets.
Q: I’m trying to sell my house. It’s listed for $490,000. I want to have great photos of my house. I think it would help to sell it. I know Realtors hire professionals for this. But it’s mostly for only very high-end luxury homes. I think my home is nicely staged and has a beautiful look. Can I hire my own photographer? How do I go about this, and how much would it cost?
Q: Our members just received a revised resolution, which changed Tenant Registration Policy &Form to a Community Occupancy Form.
Is this the right time to buy a house in Las Vegas? Are prices going to go up … or down?
A bonanza of multiple offers means many home sellers can choose whichever buyer’s bid they like best.
Q: I have a friend who is 70 years old and in poor health. She is going to need to break her lease to move to live with her daughter. I told her of your article, stating that she could do that without any fines or payments. Would you be a dear and send a copy of the article on this matter? — J. A. M.
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.