Mortgage rates fell this week as the Federal Reserve revealed more hints about its monetary policy plans.
Real Estate News
Nearly 15 years ago, Karen Bye was flying to Las Vegas every six weeks from Fargo, N.D., for a design project for one of her clients who was building one of the first homes in Siena, an age-restricted community in Summerlin. “I installed everything from furniture to accessories and when I went back home it was -40 degrees and I said, ‘this is absurd,”; ” she said.
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.
Q: I inherited a home with my siblings. The house is old and is not worth much. It’s also not in a good area of town. My dad had no will, so we have to pay for an attorney to put it through probate. Do we need a Realtor to help sell the house after we do this, or do we get one while we are in the process of putting it through probate?
Although I don’t like for readers’ kind words to take up much space in my column, this next note was such a delightful phrase that it has to be included.
It”;s no secret that student loans can make buying a home a challenge. But what exactly is the problem, and how can buyers overcome it?
Q: The homeowners association requires a fee of $150 to authorize the setup of a satellite dish in case that I move and they would end up removing it and have to match the paint on the wall. That was not a required fee when I moved here. I believe that is a lot of money. The main electrical breaker is outside, I was informed the HOA is not responsible for that.
If you need to borrow some money to pay some bills, but your credit isn’t very good, you have some options.
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.
We have a property that was purchased and rehabbed by an under-55 flipper, who is now living in the property. He has priced the property ridiculously high, so there is no chance it will be selling anytime soon, and he keeps telling us his elderly grandparents will be moving in, but we have not seen them. Nor do we expect to frankly. We have pretty much determined his grandparents do not exist, he is just telling us that to buy time as to why he is living in the place.
You”;re in luck. As someone who lives and works in Summerlin and has sold many homes there over the years, I can tell you it”;s home to some of the most popular age-qualified communities in Southern Nevada.
New home sales slightly rebounded from January to February, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales rose 2 percent to 512,000 month over month but were 6.1 percent below the year-ago rate.
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.
Q: Just a quick question about rentals in our subdivision. We’ve been here for 12 years now and ever since the recession, a lot of the foreclosed homes in our housing track have been bought by Realtors and speculators and rented out. This has kind of helped keep our home values down some. Our homeowners association says there was no limit on rentals set in the bylaws, so there is no way they can stop owners from renting their homes. They say they can’t change the original rules. If enough owners, living in the
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