The most popular refrain about why any type of insurance is necessary is simple: peace of mind. This is true whether it is health insurance, life insurance or, for those who own real estate, property insurance. However, as anyone who has ever had to make any type of insurance claim knows, insurance policies can be quite complex, leaving people wondering what type of incidents are covered by their insurance. Could Nevada residents find themselves in a dispute over their property insurance policy?
Details are the crucial underpinning of any legal transaction but are most important in real estate transactions. Whether you are buying or selling real estate, the details in the negotiations and the resulting legal documents involved provide direction for not only the parties involved in the transaction, but all others who have an interest in the fact that the ownership of real estate is changing hands.
Any individual or business that purchases real estate probably likes to think that the boundaries of that property can be readily identified. Unfortunately, that isn't always true. While one property owner may believe that a certain boundary line applies, a neighbor may disagree. So, could issues with property boundaries lead to litigation in Nevada?
Real estate issues can be some of the most complicated problems for Nevada residents to address because there can be so many different interests affecting any given parcel of property. Take, for example, the average homeowner. Sure, homeowners live on the property and use the house on the land as their primary residence, but what if they have a mortgage on the property? The mortgage company has an interest in what occurs on the land and what happens if the land is sold. Different interests can cause different issues that may need to be addressed.
Individuals, couples and businesspeople throughout Nevada who own real estate know that there can be certain circumstances when disputes with other parties can arise. For example, in the buying and selling process, there may be disputes about the title that need to be addressed. Or, in the process of a construction project, disputes may arise involving the landowner and the contractors who are engaged in the construction project. These issues, along with many others, require a competent approach in order to lead to a satisfactory result.
Investing in real estate can be tricky in almost any type of market. Throughout the country, including in Nevada, there are ups and downs in the market that must be anticipated, or taken advantage of. Investors and real estate developers always need to keep their eyes on the pulse of the market they are jumping into, and that has some developers trying new tactics.
Most Nevada residents who are involved in a real estate transaction are usually hopeful that the deal will go smoothly. Unfortunately, the reality is that some of these types of transactions, particularly residential real estate transactions, can present problems that can lead to disputes between the parties. In order to avoid the potential for any real estate disputes in these types of deals, a good home sale contract is a must.
Real estate markets across the country have improved dramatically since the dark days of the so-called "Great Recession." In general, home and commercial building values have increased considerably in many areas, and Nevada has seen its share of good fortune when it comes to the real estate market. However, as summer comes to an end, so does the traditional home-shopping season.
It would be understandable if the average Nevada resident has quite a few questions about zoning issues and how they can impact a real estate problem. After all, not many owners of resident or commercial property worry about zoning on a regular basis when it comes to their home or business. However, zoning can complicate a wide variety of issues.
Anyone in Nevada who has been party to a real estate transaction -- either residential or commercial -- knows that these types of transactions can be complicated, with many different moving parts before it is all said and done. For starters, there is the anxiety and excitement of actually attempting to find a parcel of property to purchase. Next, it is the contemplation of the sale price and whether or not it is realistic. And then, most crucially, comes the time to make an offer to purchase the real estate.