Yet another Reason to use Reputed Realtors!

The Nevada Supreme Court’s December 2005 ruling is a huge impediment to class action lawsuits against real estate developers. You are on your own if you discover that you have been sold a lemon for a home! Large groups of residents have litigated collectively against construction defects in homes. The costs of legal action against a powerful builder would be beyond the finances and budgets of individual families. The Nevada Supreme Court’s decision in favor of Beazer Homes could mean an end to class action in real estate matters for the State. The court has ruled that damages cannot be extrapolated from other cases. Soil conditions, for example, may be similar for the entire neighborhood, but rulings in favor of residents in a particular project cannot be used by people with investments and homes in other parts of the same area. Issues such as plumbing, which are often the subjects of lawsuits by residents against developers, will need separate inspections and reports for each dwelling unit. These can cost up to $ 5 thousand a pop! This can be frustrating when the same contractor and materials are involved, but that is now the law!

What should you do as a new investor planning to move in to the greater Las Vegas area? Many choose re-sales over investments in new projects, so that they can check things out. This has limited utility, unless you bring in a construction engineer, which is not so practical anyhow! You could look for a post 1990 home, because that is when the building code was updated making sleeved copper pipes mandatory, for example. Again, it is your word against that of a developer if your bathroom springs a leak after the warranty period is over! Las Vegas residents have won more than $600 million in damages for construction defects, but the party is over with few families able to afford the kind of fees to which lawyers have been accustomed after a healthy (for them) spell of class action suits!

Well, I do not like making money out of your misery, but a reputed, reliable and experienced realtor, with good ground zero resources is your answer! Our breed survives on goodwill and word-of-mouth promotion, so there is no way that a real estate agent with a track record to protect, and enormous sunk costs in the Las Vegas area, will let you down. Realtors see projects from ground-breaking up, have insider information on the qualities of engineers and contractors deployed, and live with reports of construction defects from individual projects, on a daily basis. Put realtor expertise behind you, and you are sure to make an investment that produces hassle-free returns, and which is a beautiful and durable roof over your head as well. Folks nearing retirement and senior citizens are most vulnerable to the hard-sell of some rapacious developers; they need the security of dependable realtors more than anyone else, as a consequence. Fortunately, Las Vegas has a sizeable number of excellent real estate agents who will leave no stone unturned to ensure that you enjoy a peaceful and productive innings in your home in this fast-paced growth center of the United States.