The 7 Things You Didn’t Know About Buying in Las Vegas

Here are some hot topics we often encounter in the Las Vegas market today!

1. Mold Issues

OK, you’re looking to purchase a home in the desert where the climate is dry …why be concerned about mold? Well, it has become a very big topic in Las Vegas. Why? In part, it has to do with problems in new construction.
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2. Construction Defect Segment

Nevada has a mandatory form (required of all sellers) known as the Sellers Real Property Disclosure that asks the question: has your property ever been subject to a claim or lawsuit filed regarding construction defects? However, this form can sometimes be filed incorrectly, so diligence is important!
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3. Nevada State Transfer Tax

As of October 1, 2003 the state legislature raised the tax the state of NV charges on the transfer of real property to $5.10 per $1,000. This amounts to about ½ of a percent of the sales price. You may want to budget for that in your closing costs!
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4. Flood Zones

When you live in the desert the one thing you probably figure you won’t have to worry about is flooding…right? Well, not in Las Vegas.
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5. Sellers Property Disclosure

The Sellers Real Property Disclosure is the property owner's written testimonial of the condition and status of the property being sold. The owner is instructed on the form to answer in a truthful manner to the best of their ability.
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6. Zoning

If you’re not from Las Vegas, you will be amazed at the zoning “norm” that exists here. For example, it is not unheard of to see a custom home one house away from a property zoned for farm animals, a few homes later commercial zoning, and one block later hotel-casino zoning.
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7. Property Inspections

There has never been a more important time to be sure to hire home inspectors than in our current market. We highly recommend Property Inspections.
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