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Real Estate News

Homeowner interferes with vendors

There is no excuse for racially, inappropriate comments by anyone, be it directors, residents, vendors or managers. In your case, the association’s legal counsel should be contacted. Besides the inappropriate comments, this homeowner should not be interfering with the association’s contractors.

Community a bit heavy-handed in its towing policy

This is not the first time a reader has stated to me that the towing company or the management company has informed them that a parking sticker placed on their vehicle is good for six months. Meaning, the towing company could tow a vehicle with no further notice if there were another infraction within a six months’ period.

Mortgage originations slow in Las Vegas

Rising interest rates and price appreciation are slowing mortgage originations in Las Vegas, but a growing percentage of homeowners here are bucking the national trend by refinancing their homes and getting home equity lines of credit, according to a research firm.

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HOA board member who sold home should resign

If you sell your home, you are no longer a member of the association, consequently, you would not be able to serve on your board. The homeowner would need to resign.

Report shows positive indicators across several sectors

The commercial real estate market in Las Vegas has been on the mend since the recession. In the third quarter of 2018, the market saw positives across several sectors.

State will appoint a receiver if board resigns

If the president resigns and if there are no other homeowners willing to serve, the Nevada Real Estate Division would appoint a receiver to manage the association who in turn would select a management company to manage the association until that time the association has recovered from the resignations.

Tips for a safe HOA Halloween

It’s that time of year again, and anyone who knows me, knows I love Halloween. Here are some tips for your homeowners association for a safe night of fun.

Real Estate Briefs

The Greater Las Vegas Association of Realtors announced the results of its annual election of officers and board members, with local Realtors Janet Carpenter serving as 2019 president and Tom Blanchard serving as 2019 president-elect.

RESALE HOME SALES: SEPT. 13-19

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.

RESALE HOME SALES: AUG. 30-SEPT. 4

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.

Nobody wants the state to take over an HOA

Q: How often does the government come in and take over a homeowners association. I’m a board member, and our reserves are underfunded. On paper, for 2020, the total should be $450,000. At this time we have $250,000 but are going to spend most of that ($160,000) to replace the roofing that was installed in the late 1980s. About $75,000 is raised in assessments each year. Management wanted the board to raise the assessments, which all members were against. It then made the threat that, because of the underfunding, the state/county might come in and take us over.

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