Most newer homes in the Las Vegas Valley have an HOA (Homeowner Association- they aren’t just for condominium‘s anymore!  There are rules and regulations regarding HOAs – or CICs (Common Interest Community). There are laws and rules governing CIC documents during a real estate transaction in Nevada.  Please remember I am NOT a lawyer here – just a real estate agent. HOAs and CICs have deed restrictions on how you may enjoy your property.  Some HOAs are strict with rental restrictions – some are not so strict.  How do you find out if you can live within the deed restrictions? First you can knock your socks off and read Nevada Administrative Code 116 and Nevada Revised Statutes 116 which are the laws and governing body of CICs. You should receive a disclosure form defining your rights an... 01/08/2011

With so much news and focus on foreclosures, it's possible home buyers may be overlooking excellent value in other areas of the market, including new homes. KB Homes at Inspirada in southwest Henderson is a perfect example of great pricing currently available from a builder. There are new homes found there that at the moment are base priced at under $100 a square foot, in the range of bank owned homes here in Las Vegas. Town homes start in the mid $100k's, single family garden homes the mid $200k's, and many models to chose from under $300,000.So what other differences might you find in comparing a foreclosure purchase to one of these new homes? First a foreclosure is sold as-is, and without any disclosures provided. This is true of most any corporate owned home in Nevada, since the own... 08/24/2008