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Essential Repairs for FHA Compliance: A Guide for Las Vegas Home Sellers
When selling a home in Las Vegas to a buyer using an FHA mortgage, the property must meet certain standards set by the Federal Housing Administration to ensure safety, soundness, and livability. Sellers should address any health or safety hazards, such as repairing damaged roofs, fixing broken windows, addressing plumbing or electrical issues, and ensuring…
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Investing in Las Vegas Homes with HOA
Investing in properties governed by CC&Rs ((Covenants, Conditions, and Restrictions) can provide benefits like maintained common areas and community amenities but also comes with specific limitations and responsibilities. Therefore, conducting thorough due diligence is essential to make an informed investment decision that aligns with your financial goals and risk tolerance. When investing in Las Vegas…
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DYK? Foreign Buyers Invest in Residential Real Estate
In 2021 foreign buyers spent $153 billion on U.S. residential real estate. Accessible and affordable US real estate markets bring foreign buyers and foreign buyers invest in residential real estate in the US. Las Vegas Real Estate is one of the hot markets that foreign buyers want to invest in. Fill out the form below…
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What is “HUD Guidelines 24 CFR 206.125”?
This chapter refers to a property owned by a government agency, i.e. HUD, Fannie Mae, VA, Freddie Mac, or that has been or will be foreclosed on and the purchase price is not sufficient to satisfy the mortgage balance. The existing mortgage is insured by the Secretary of HUD. Most of the items in chapter 2016.125 refer to the seller…
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Should I refinance?
When you refinance at a lower interest rate, you usually pay refinancing costs including points, fees, and closing costs. Refinancing will immediately cost money to cover the loan origination fees, except for VA loans that could void such costs. Depending on the amount and type of loan, it may take months before the savings in interest offsets the…