Inside this issue
  Does a seller have an obligation to disclose a death on a property?  
 

The video in the adjacent link discusses a popular question often discussed on the Legal Information Line. The question involves a seller's disclosure responsibilities regarding a death on a property. 

Do you know how Nevada law reads on the subject? Watch the short Legal Minute video and learn all you need to know.  If you have any questions, please call the Legal Information Line at 800-748-6999. Click here to watch the video.

 

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  Members encouraged to keep account information current  
 

Nevada REALTORS® invites its members from across the state to check and update their personal profiles in RAMCO, which members can log into at NVAR.org. Members can also contact their local associations to provide updated account information.

It is vital that members keep their profile information -- including their current email address -- up to date. Current contact information allows Nevada REALTORS┬« and NAR to reach members with important information regarding billing, Calls to Action and upcoming events. Additionally, without a current email address, members could miss out on valuable information from Nevada REALTORS┬«' weekly newsletter and the Advocate, which focuses on statewide legislative news.

If you have further questions or concerns about keeping your member account updated, you can inquire by email at info@nvar.org.

 

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  Patch.com: Did your rent increase last year? This report explains why  
 

Perhaps you noticed your rent went up a bit last year compared to in 2016. That's because Las Vegas was the hottest large rental market in the country among major cities last year, according to a study released by RENTCafe, an internet listing service.

Average rent in Las Vegas ended the year at $964/months, according to the report. That's due to a 6.3 percent increase in rent from the previous year, the biggest among major American cities. Las Vegas was the fastest growing market in the country last year, followed by Detroit, MI, San Diego, CA, Fort Worth, TX, and Columbus, OH.

If you're reading this from northern Nevada, the same applies to you. Among small US cities, Reno came in fifth as the fastest growing. The study showed average rent in Reno at the end of 2017 was $1,117/month, a 9.5 percent increase from 2016.The average rental across the country was $1,359/month to close out 2017. That's a 2.5 percent increase over 2016. Read the complete story by clicking here.

 

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  Realtor.com: How commute times should affect where home buyers purchase  
 

If you work at an office, your commute time should take high priority during your house hunt. Sure, it might be tempting to ignore a long commute if it gets you into an otherwise perfect home, but trust us-you won't be enjoying it much if you spend countless hours every week stuck in traffic!

If you work in a big city, looking in the suburbs is one way to find a more affordable home. For example, in Rockville, MD-a suburb of the nation's capital-the median price per square foot is $277, compared with a hefty $444 in Washington, DC. (You can find out the price per square foot in any neighborhood at realtor.com/local.)

Consequently, even if you're looking for a short commute to work, your options of where you can afford to buy a house may be limited, and affect where you can realistically shop for homes. Read the complete story here.

 

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