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Real Estate News

Home prices set record for sixth straight month amid pandemic

A report by Las Vegas Realtors (LVR) shows local home prices setting an all-time record for the sixth straight month while sales keep increasing and the housing supply keeps shrinking.

Homeowner has basic questions on HOA rules

I’m just getting myself educated on homeowners association board matters and I have several questions. I hope you may be able to shed some light on my them.

HOA argument escalates into complaint of bullying

Q: During a workshop for the homeowners association Board Member A made a statement and Board Member B didn’t agree. It turned into an argument. After the workshop, there were text messages and emails exchanged. They have not spoken since that day. Board Member B is claiming that Board Member A was bullying them during the argument and has filed a complaint under the bullying policy of the association.

Homeowner in fight with HOA over vehicle

Under NRS 116.31031 (7), if a fine is not cured within 14 days or within any longer period that may be established by the board, the violation shall be deemed a “continuing violation.” The board may impose an additional fine for the violation for each seven-day period or portion thereof that the violation is not cured. Any additional fine may be imposed without providing the opportunity to cure the violation and without the notice and opportunity to be heard.

THE LATEST
Boom in the gloom: Interest rates drop to historic lows

Last week the average interest rate on a 30-year fixed-rate mortgage fell to the lowest level in nearly 50 years. Today’s rates are, on average, more than a full percentage point lower than they have been over the last five years.

Homeowner says HOA has ‘double standard’ in enforcing rules

While I understand your frustration, the board should, at least, prepare a game plan. This plan would be partially supported by the reserve study, which itemizes the capital amenities as to when improvements should be made and at what approximate costs.

HOA president’s father should not have been on ballot

I would caution associations about having family members serving on the board of directors at the same time. If a complaint is made to the Nevada Real Estate Division, your association better be able to document the process of how the second family member was elected or appointed.

HOA won’t give family extra parking permit

There is no state law pertaining to the parking of an unregistered vehicle in your garage. There may be a vehicular regulation from you association that requires registered vehicles in the parking lot. As long as your unregistered vehicle is in the garage and not in the streets, the association should not be able to fine you.

HOA board does not like the house paint color

I’m a disabled American Veteran. I need help against what I believe to be an unfair request from my homeowners association, which is placing me in a physical and financial hardship.

Tips on how to stay safe and still enjoy Halloween

With Halloween around the corner, families are looking for ways to keep the season lively and fun, but safe, during the COVID-19 pandemic. Julio Arteaga, a community manager for CAMCO of Nevada, oversees more than 10 valley communities and has some insights on how to keep the Halloween spirit high with pandemic safety guidelines in place.

REAL ESTATE BRIEFS

The 2021 Dogs of Downtown Summerlin Calendar are now available. All proceeds from the sale of the calendar go to support The Animal Foundation.

Homeowner fed up with HOA; wants to publish newsletter

Be careful. You do not want to be accused of making libelous statements. If you decide to start a newsletter make sure that it specifically states that the publication is from you and holds your opinions. It should not give an impression that the newsletter is an official one from the association.

Removing the HOA board won’t solve the insurance problem

Note: Gov. Steve Sisolak signed the Emergency Directive 033 adjusting the statewide standards on gatherings. The new directive adjusts the previous limitations on gatherings from 50 people to 250 people or 50 percent of the occupancy, whichever is less. This applies to both indoor and outdoor venues.

SUR702 apartments in southwest valley nearly occupied despite COVID-19

Westcorp Management Group, a Nevada multifamily property management team, has nearly completed the lease-up of SUR702, a luxury apartment community at 6614 Blue Diamond Road in southwest Las Vegas. Less than six months after opening, the community is more than 70 percent leased and expects to be completely occupied within the next few months.

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