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Friday, June 26, 2015

2 New Questions Las Vegas Real Estate Agents Should Ask Vegas Home Sellers

Las Vegas real estate agents and brokers now have two new subjects leading to two new questions they should ask their home sellers:

  1. Has the seller granted an easement to the Southern Nevada Water Authority for a conservation restriction covenant?This is recorded as an easement and shows on a title report as “covenant, conditions, and restrictions”. Seller is paid to grant the easement. It restricts water use on a property and remains attached to the property after conveyance to a new owner. It will affect property use if new owner wants to have a pool. For seller’s protection, this should be disclosed on the Seller’s Real Property Disclosure.
  2. Does the seller have a lease agreement for solar panels? Some lease agreements allow the owner/seller to transfer the panels to a new property. Some agreements require the panels to stay with the property and the lease responsibility to transfer to the new owner/buyer. For seller’s protection, information regarding the lease should be disclosed on the Seller’s Real Property Disclosure.
These concerns should be may aware to home sellers in all of Las Vegas, NV and the surrounding areas, including SummerlinMountain EdgeThe LakesSouthern HighlandsEnterpriseCoronado RanchRhodes RanchSummerlin SouthDesert ShoresPeccole RanchPanorama Towers (1&2), The Martin, Veer, Turnberry Towers, Turnberry Place, MGM Signature, Anthem, Henderson, Spanish Hills, Providence, Lake Las Vegas, MacDonald Ranch, The Ridges, and Spanish Trails areas.

If you have any specific questions about the market or if you need help buying and/or selling real estate in the Las Vegas area, let us know; we would love to hear from you.

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