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July 2011

Are You Required to Disclose a Death in a Property in Nevada?

Image via Wikipedia In the state of Nevada, is a a seller of real property and/or the real estate agent required to disclose a death that occurred in a property? Is the fact that a death, suicide, or homicide occurred in a property considered a material fact? The simple answer is NO, it is not a requirement nor is it considered material to the transaction according to NRS 40.770. The statute is excerpted below with noted exceptions. Be aware that the law varies from state to state. That being said, it is my opinion that if, as the listing agent,... Read more →

Nevada Legislative 2011 - Real Estate Update

The 76th Nevada Legislative Session adjourned June 7, 2011 with several new bills... now law... that will impact the real estate industry and in particular foreclosures and short sales. Here is a summary of those bills: AB273 AB 273 prevents banks from “double-dipping” and going after borrowers for the full amount of the deficiency they owe on their mortgage loan when lenders have received compensation from other sources. It will cap the amount a third party can be awarded if they bought the right to the deficiency for pennies on the dollar. Finally, it will reduce the amount of time... Read more →

Realty ONE Group will be hosting a CDPE ( Certified Distressed Property Expert ) training on July 21 & 22, 9:00 - 5:30, at the Green Valley Office. You will receive the CDPE designation, learn how to reduce short sale processing time by 50% and learn how to close 4X as many deals. Plus you will receive 15 hours of Nevada CE. Read more →

Inman News recently released a special and comprehensive report "10 Best Markets for Real Estate Investors." In compiling the "10 Best Markets for Real Estate Investors" report, Inman News reached out to a range of data providers and online real estate sites that supplied statistics and charts to identify real estate markets that may be well-suited for investors. The following chart was provided by online real estate and valuation site Read Zillows methodology and contribution for the Inman News report. Real Estate Professionals - Don't Miss the Next Las Vegas Live Short Sale Training Learn more about the CFAC... Read more →