

330 ALDER LEAF AVE
HENDERSON, NV 89011
OWNER INFORMATION
OWNER NAME: Douglas Kirk
VESTING:
MAILING ADDRESS: 330 Alder Leaf Ave Henderson NV 89011
OWNER STATUS: Owner occupied
LOCATION DESCRIPTION
COUNTY: Clark
CENSUS / BLOCK: 005436 / 1035
TSP - RNG - SEC: 22S - 63E - 05
LOT / BLOCK: 75 /
HOUSING TRACT: Cadence Village Parcel 1-F5-3
ALT PARCEL #:
SCHOOL DISTRICT: Clark County School District
MUNICIPALITY: Henderson
PARCEL #: 17905223035
LAST MARKET SALE PRIOR SALE
DATE: 02/24/2022
SALE PRICE: $758,545
DOCUMENT #: 20220224:00910
DOC TYPE: Deed
SQUARE FOOT $: $335.05
DATE:
SALE PRICE:
DOCUMENT #:
DOC TYPE:
LENDER:
LENDER: TOLL BROTHERS MTG CO LOAN:
LOAN: $548,250
LOAN TYPE: Conventional
LOAN TERM: 30 Y
LOAN TYPE:
GROSS AREA: 2,264
LIVING AREA:
ABOVE GRADE:
BEDROOMS: 3
BATHROOMS (F/H): 3 / 0
FIREPLACE: 0
YEAR BUILT: 2022
PARKING TYPE: Attached Garage - Tile R
UNITS: 1
BASEMENT:
GARAGE AREA: 669
ROOF SHAPE:
FOUNDATION: Concrete Slab
ROOF MATERIAL: Concrete Tile
CONSTRUCTIONS:
HEAT TYPE: Forced Air
COOLING TYPE:
EXTERIOR WALL: Frame-Stucco
ROOMS: 6
QUALITY:
INTERIOR WALL:
PORCH TYPE:
PATIO TYPE:
AIR COND: Y
FIXTURES:
FLOOR:
EQUIPMENT:
STORIES: 1
POOL: Y
CONDITION:
LAND USE: Single Family Residential
ZONING: Planned Community
COUNTY USE:
LOT ACRES: 0.1503
STATE USE:
LOT SQ FT: 6,547
LEN / WID:
ASSD YEAR: 2022
ASSD VALUE: $41,322
TAXABLE VAL:
TAX YEAR: 2023
LAND VALUE: $118,000
MKT VALUE: $118,063
TAX AREA: 521
IMP VALUE:
EXEMPTIONS:
PROPERTY TAX: $961.41
IMPROVED %:
DISTRICT:
NAME: Basic Academy Of Int'l Studies Hs CHARTER SCHOOL: No
400 Palo Verde Dr
NAME: Nevada State High School Downtown Henderson
303 S Water St Ste 120
STATE, ZIP: Henderson, NV 89015
SCHOOL: Yes
www ccsd net
Established in 1956, Clark County School District is the fifth largest school district in the country, educating almost 75 percent of all students in Nevada with more than 320,000 enrolled in Kindergarten through 12th grade. The district encompasses 357 schools and approximately 8,000 square miles in southern Nevada and is a minority-majority-student district.
Children must meet the following minimum age and entrance requirements on or before September 30, 2015, to be admitted to kindergarten, first, or second grade (Nevada Revised Statutes - NRS 392040) ~ OR ~
Kindergarten students must have attained the age of 5 years old by Sept 30 to attend kindergarten
First-grade students must have attained the age of 6 years old and demonstrate proof of completing kindergarten at a public, state-licensed private, state-exempt private, or approved home school program.
Demonstrate proof of completing kindergarten and promotion to first grade while being a resident of another state in compliance with the age and entrance requirements of that state Proof must be verified through a report card issued by the last out-of-state public or private kindergarten
Second-grade students must have attained the age of 7 years old and demonstrate proof of completing kindergarten and first grade at a public, state-licensed private, state exempt private, or approved home school program
Children who have attained the age of 6 and who do not meet the entrance requirements will be placed in kindergarten.
Children who have attained the age of 7 who do not meet the entrance requirements will be assessed to determine if the student is developmentally ready for first or second grade.
Registration Requirements
Proof of Address - One form of proof of address is required A recent utility bill (telephone and cable bills are not acceptable), current mortgage statement, rental receipt, residential lease agreement, or sales contract are acceptable forms of proof of address
Parent/Guardian Personal Identification - A driver’s license, picture identification, and/or passport are acceptable forms of personal identification Permanent and temporary guardians should be prepared to provide proof of guardianship at the time of registration.
Proof of Child’s Identity - An original birth certificate, passport, or certified birth card issued by a health district are acceptable documents for proof of child’s identity.
LAS VEGAS
University of Nevada, Las Vegas
7027748658
Desert Research Institute
7028625400
Wongu University of Oriental Medicine and Acupuncture
7024632122
Euphoria Institute of Beauty Arts & Sciences
7023418111
Brightwood College
702.368.2338
Le Cordon Blue College of Culinary Arts
7023657690
HENDERSON
College of Southern Nevada
7026513000
Nevada State College
702.992.2000
National University
7025317800
Touro University Nevada 7027778687
Roseman University of Health Sciences
702.990.4433
DeVry University
7029339700
International Academy of Design and Technology
8778634111
HENDERSON CONTINUED...
ITT Technical Institute
7025585404
Everest College
702.567.1920
The Art Institute of Las
7023699944
UNIVERSITY OF NEVADA LAS VEGAS
Since our first classes were held on campus in 1957, UNLV has transformed itself from a small branch college into a thriving urban research institution. Along the way, our urban university has become an indispensable resource in one of the country's fastest-growing and most enterprising cities UNLV’s diverse faculty, students, staff, and alumni promote community well-being and individual achievement through education, research, scholarship, creative activities, and clinical services We stimulate economic development and diversification, foster a climate of innovation, promote health, and enrich the cultural vitality of the communities that we serve.
We will evaluate our success as a leading research university by our progress on these key measures:
Impact of our research, scholarship, and creative activities
Student achievement of learning outcomes
Placement into preferred employment or post-graduate educational opportunities. Student, faculty, and staff diversity, including maintaining UNLV’s Minority Serving Institution (MSI) status and Hispanic Serving Institution (HSI) status
Intellectual activity, patents, and entrepreneurial activity fostered by UNLV
Quality and impact of our clinical services
Alignment of our physical infrastructure and organizational effectiveness with our Top Tier mission. A deeper engagement of UNLV with Las Vegas and our region to ensure ongoing alignment with our diverse community’s needs and interests
317,610 $63,830
36 48.4% 51.6%
HOUSING
64.4% of homes owner occupied
35.4% of homes rented
POPULATION DENSITY
2,200.8 inhabitants per sq. mile
71,149 housing units at an average density of 892.8 per square mile
AGE DEMOGRAPHIC
25.1% under age 18
7.9% between ages 18 to 24
32.5% between ages 25 to 44
24.4% between ages 45 to 64
10.1% above age 65
Headquarters for NFL’s Las Vegas Raiders
Location of Lake Las Vegas
Incorporated in 1953
1,864 feet elevation
Highest Average Temperature 101°
Lowest Average Temperature 40°
The township of Henderson first emerged in the 1940s during World War II with the building of the Basic Magnesium Plant. Henderson quickly became the main supplier of magnesium in the United States, which was called the "miracle metal" of World War II. The plant supplied the US War Department with magnesium for incendiary munition casings and airplane engines, frames, and other parts. A quarter of all US wartime magnesium came from the Henderson Plant to strengthen aluminum, using 25% of Hoover Dam's power to separate the metal from its ore by electrolysis. Mayor Jim Gibson's grandfather, Fred D. Gibson, was one of the original engineers sent to Great Britain to learn the secret of creating the "miracle metal" which would help the United States and its allies win the war.
is totally optional!
Use Updater to:
Forward USPS mail
Reserve a mover online
Update your accounts
Connect utilities
Hook up home services
Search move-in special offers
Share moving announcements with friends & family
For more information on Updater, visit; https://wfgwashington.updater.com/sign-up
Emergency Police/Medical/Fire
911 Poison Control
(800) 222-1222
www.aapcc.org
United States Postal Service
(800) 275-8777
www.usps.com
Cox (702) 383-4000
www.cox.com
CenturyLink
(702) 244-8005
www.centurylink.com
Verizon (800) 483-4100
www.verizon.com
AT&T
(800) 288-2020
www.att.com
Sprint 702.209.0757
www.sprint.com
Dish Network
(800) 318-0572
www.dish.com
DIRECT TV (800) 531-5000
www.directtv.com
Las Vegas Review
(702) 383-0400
www.lvrj.com
RTCSNV
(702) 228-7433
www.rtcsnv.com
Southwest Gas
(877) 860-6020
www.swgas.com
Nevada Energy
(702) 367-5555
www.nvenergy.com
Henderson Water District (702) 267-2500
www.cityofhenderson.com
Henderson Sewer Department
(702) 267-2500
www.cityofhenderson.com
Republic Services
(702) 735-5151
www.republicservices.com
Clark County School District
(702) 799-2273
www.ccsd.net
USPS
Below is the website if you would like to change your address online or you can visit your local post office, they will provide you with the change of address packet. https://moversguide.usps.com
Benefits you will receive when you change your address online are:
Exclusive mover savings coupons
Safe and secure with identity verification by a simple $100 charge to your credit or debit card
Email confirmation at the end of registration of your change of address
* Must have valid email address and credit card to register online
Below is the website if you would like to change your address online or you can visit your local DMV office.
Nevada Department of Motor Vehicles
DMV Services
General DMV Information Contact: (775) 684-4830
wwwdmvnvgov/addchangehtm
Las Vegas Area Offices (702) 486-4368
Henderson
Las Vegas - West Flamingo
Las Vegas - North Decatur
Las Vegas - East Sahara
Below is the website if you would like to register online or you can fill out the paperwork provided and mail it back to your County Elections Office listed below
www.nvsos.gov/sosvoterservices/Registration/Step0.aspx
County Elections Office Contacts
Clark County
965 Trade Drive, Suite A, North Las Vegas, NV 89030
P.O. Box 3909, Las Vegas, NV 89127 (702) 455.8683
UTILITIES
Electric NWNaturalGas
WaterDistrict
SewerDistrict
GarbageProvider
Cable/Satellite
Fuel(Propane)
PhoneServices
Internet
BanksandCreditUnions
CreditCardCompanies (includingdepartmentstorecreditcards)
Lenders (Mortgage,HomeEquity,Auto,StudentLoans)
InsuranceCompanies (Health,Renters,Auto,Home,Medical,Dental,Disability,Life)
Retirement (Pensionplans,401K,SocialSecurity,VeteransAffairs)
Investments(InvestmentAgenciesandBrokers)
OnlineBillPayer
Paypal
USPostOffice DepartmentofMotorVehicles
(Obtainyourdriver’slicenseandchangevehicleregistration)
IRS
PassportOffice
VeteranAffairs UnemploymentOffice (Ifyouarecurrentlyreceivingunemploymentbenefits)
HEALTH
Physician Pharmacies
SERVICE PROVIDER
Childcare
Housecleaning Services
Delivery Services
Lawn Care Services
Veterinarian Pool Service
Health Clubs
Membership Clubs(AAA or similar)
Community Groups (PTA, Neighborhood Associations, Civic Clubs)
Children’s Extracurricular Activities(Dance Classes, Music Lesson, Sports Clubs)
SUBSCRIPTIONS
Newspapers
Magazine(USPS will only forward 2 months)
Movie Subscriptions
Book or Music Clubs
OTHER
Friends and Family
Employers(typically notify the HR Department)
InventorySheets:Createaninventorysheetofallyour belongingswhichneedtobemoved
ResearchMovingOptions:You’llneedtodecideifyoursisa do-it-yourselfmoveorifyou’llbeusingamovingcompany
RequestMovingQuote:Solicitmovingquotesfromasmany movingcompaniesandmoversaspossible Therecanbea largedifferencebetweenratesandserviceswithinmoving companies
DiscardUnnecessaryItems:Movingisagreattimefor riddingyourselfofunnecessaryitems Haveayardsaleor donateunnecessaryitemstocharity
PackingMaterial:Gathermovingboxesandpacking materialforyourmove
ContactInsuranceCompanies:You’llneedtocontactyour insuranceagenttocancel/transferyourinsurancepolicy
YourChangeofAddress:Changeyouraddresswiththe USPS,DMV,FinancialInstitutions,Utilities,Government Offices,HealthCareServiceProviders,Memberships, SubscriptionsandInsuranceProvisions
BankAccounts:Transferorclosebankaccountsifchanging banks Makesuretohaveamoneyorderforpayingthe movingcompany ServiceAutomobiles:Ifautomobilesaretobedrivenlong distance,you’llwanttohavethemservicedsoyouhavea trouble-freedrive
CancelServices:Notifyanyremainingserviceproviders (newspapers,lawnservices,etc)ofyourmove
TravelItems:Setasideallitemsyou’llneedwhiletraveling
Makesurethesearenotpackedonthemovingtruck
ContactUtilityCompanies:Setutilityturnoffdate,seek refundsanddepositsandnotifythemofyournewaddress
StartPacking:Beginpackingallthingsdestinedforyournew location
ObtainYourMedicalRecords:Contactyourdoctor,physician, dentistandothermedicalspecialistswhomaycurrentlybe retaininganyofyourfamily’smedicalrecords Obtainthese recordsormakeplansforthemtobedeliveredtoyournew medicalfacilitiesifchanging Securityiscriticalofpersonal records
NoteFoodInventoryLevels:Checkyourcupboards, refrigeratorandfreezer Useupasmuchofyourperishable foodaspossible
SmallEngines:Servicesmallenginesforyourmoveby extractinggasandoilfromthemachines Thiswillreduce thatchancetocatchfireduringyourmove
ProtectJewelryandValuables:Transferyourjewelryand valuablestoasafetydepositbox;youdon’twantthemtobe lostorstolenduringyourmove
BorrowedandRentedItems:Returnitemsthatyoumay haveborrowedorrented Collectitemsborrowedtoothers
PlanYourItinerary:Makeplanstospendtheentiredayat thehouseoratleastuntilthemoversareontheirway
Someonewillneedtobearoundtomakedecisions Make plansforkidsandpetstobeatasittersfortheday
ReviewtheHouse:Oncethehouseisempty,checkthe entirehouse(closets,attic,basement,etc)toensureno itemsareleftornohomeissuesexist
DoubleCheckWithYourMover:Ensurethemoverhasthe newpropertyaddressandallofyourmostrecentcontact information,shouldtheyhaveanyquestionsduringyour move
VacateYourHome:Makesureutilitiesareoff,doorsand windowsarelockedandnotifyyourrealestateagentyou’ve vacatedtheproperty
QuestionsToAsk:Whereisthegaragedooropener?Where arethekeystothehouse,mailboxandotherlockablearea? Didyouretrieveallkeysfromneighborsandfriends?
THE HOME DEPOT (800)466-3337 wwwomedepotcom
LambBlvd 1401SLambBlvd, LasVegas,NV89104
Henderson 1030WSunsetRd, Henderson,NV89014
TropicalPkwy 7881WTropicalPkwy, LasVegas,NV89149
LOWES (800)466-3337 wwwlowescom
PavilionCenter 851SouthPavilionCenterDrive LasVegas,NV89144
WestWashington 7550WestWashington, LasVegas,NV89128
CharlestonBlvd 2875E CharlestonBoulevard, LasVegas,NV89104
DONATION FACILITIES
Goodwill (800)741-0186 locatorgoodwillorg
TheSalvationArmy (800)958-7825
wwwsalvationarmyusaorg
MOVING TRUCK RENTALS
U-Haul (702) 914-6027 wwwuhaulcom
Penske Truck Rental (702) 558-1918
wwwpensketruckrentalcom
STORAGE COMPANIES
Extra Space wwwextraspacecom
Nellis Self Storage www.nellisselfstorage.com
Public Storage wwwpublicstoragecom
TRANSFER STATIONS
Garbage/Recycling Republic Services (702) 735-5151
wwwrepublicservicescom
770 E Sahara Ave Las Vegas, NV 89104
Nevada State Recycle
(702) 979-1280
wwwnevadastaterecyclecom
1816 S Industrial Rd Las Vegas, NV 89102
AIRPORT
Harry Reid International Airport (702) 261-5211
www.harryreidairport.com
AUTO & DRIVER REGISTRATION
DMV (702) 486-4368
www.dmvnv.com
BUS SERVICE
Greyhound (800) 231-2222
www.greyhound.com
RTC (702) 228-7433
www.rtcsnv.com
CABLE / SATELLITE & INTERNET
Cox (702) 383-4000
www.cox.com
CenturyLink (702) 244-8005
www.centurylink.com
CITY CONTACTS
Henderson (702) 267-2323
www.cityofhendrson.com
Las Vegas (702) 229-6011
www.lasvegasnevada.org
North Las Vegas (702) 633-1000
www.cityofnorthlasvegas.com
COUNTY CONTACTS
Clark County (702) 455-0000
www.clarkcountynv.gov
EDUCATION
Clark County Public Schools (702)799-5000 www.ccsd.net
College of Southern Nevada (702)650-2276 www.csn.edu
University of Nevada (702)895-3011
www.univ.edu
ELECTRICITY
Nevada Energy (702)367-5555
(800)331-3103
www.nvenergy.com
Boulder City (702)293-9244
www.bcnv.org
GARBAGE
Republic Services (702)735-5151
www.republicservices.com
HOSPITALS
Valley Hospital Medical Center
702 388-4000
www.valleyhospital.net
Summerlin Hospital Medical Center
702 233-7000
www.summerlinhospital.com
Kindred Hospital Las Vegas 702 871-1418
www.kindredhealthcare.com
Sunrise Hospital & Medical Center 702 962-5000
www.sunrisehospital.com
HOSPITALS CONTINUED...
University Medical Center
702 383-2000
www.umcsn.com
Mountain View Hospital
702.255.5000
www.mountain-viewhospital.com
Desert Springs Hospital Medical Center 702.733.8800
www.deserthillshospital.com
North Vista Hospital 702.649.7711
www.northvistahospital.com
The Valley Health System 702.388.4888
www.valleyhealthsystemlv.com
HealthSouth Rehabilitation Hospital of Las Vegas
702.877.8898
www.healthsouthlasvegas.com
Mountain View Pediatrics
702.255.0500
VA Hospital Southern Nevada 702.636.6323
Dignity Health-St. Rose
Dominican, Rose de Lima Campus 702.564.2622
www.dignityhealth.org
Medical Center 702.671.6800
www.medi-cal.ca.gov
Boulder City Hospital 702.293.4111
www.bchcares.org
VA Southeast Primary Care Clinic 702.791.9030
www.lasvegas.va.gov
St. Jude's Ranch for Children
702.294.7100
www.stjudesranch.org
wfgtitle.com/nevada
NATURAL GAS
Southwest Gas (877) 860-6020
www.swgas.com
NEWSPAPERS
Las Vegas Review: Journal (702) 383-0400
wwwlvrjcom
RECREATION
Mt. Charleston Camping wwwrecreationgov
Red Rock Camping www.redrockcanyonlv.org/redroc kcanyon/camping-at-red-rockcanyon/
Clark County Shooting Complex RV Campground wwwclarkcountynvgov/parks/Pa ges/ccsc-rvcampgroundaspx
Nevada Department of Wildlife www.ndow.org/
SEWER
Las Vegas City Sewer Department 702.229.6227
wwwlasvegasnevadagov
SHOPPING
Fashion Show
7023698382
wwwfashionshowcom
Meadows Mall 702.878.3331
wwwmeadowsmallcom
Trivoli Village 7025707400
www.tivolivillagelv.com
SHOPPING CONTINUED...
Las Vegas North Premium 7024747500
www.premiumoutlets.com
The Forum Shops at Caesars 7028934800
wwwsimoncom
The Boulevard Mall 7027357430
wwwboulevardmallcom
The Grand Canal Shoppes
7024144500
wwwgrandcanalshoppescom
Neonopolis 702.232.5539
wwwneonpolislvcom
Wynn Esplanade 8773219966
www.wynnlasvegas.com
STATE PARKS
Old Las Vegas Mormon Fort State Historic Park
Spring Mountain Ranch State Park
Valley of Fire State Park
TELEPHONE SERVICE
Verizon
(800) 483-4100 wwwverizoncom
AT&T (800) 288-2020
wwwattcom
Sprint 7022090757
www.sprint.com
VOTER REGISTRATION
Clark County
7024558683
www.clarkcountynv.gov/vote
WATER
Las Vegas Valley water District
8002522011
wwwlvvwdcom
ATTRACTIONS
The Strip - Las Vegas Blvd
Fremont Street Experience
wwwvegasexperiencecom
High Roller Ferris Wheel
Linq Promenade
Helicopter Tours
Skyline Helicopter Tours
7023828687
wwwskylinehelicoptertourscom
Vegas Indoor Skydiving
www.vegasindoorskydiving.com
Madame Tussaud’s
wwwmadametussaudscom
Las Vegas Motor Speedway
wwwlvmscom
Las Vegas Natural History Museum
www.lvnhm.org
Atomic Testing Museum
7027945161
Bonnie Springs Old Nevada
7028754191
Hoover Dam
US Highway 93, Boulder City, Nevada
wwwusbrgov/lv/hooverdam
wfgtitlecom/nevada
g p , g being sent to an outside account and never credited to the intended party
To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:
In the escrow paperwork provided you will be asked to provide written instructions on how you want funds due you sent to you at the close of escrow If you choose to have the funds sent via wire transfer, WFG will contact you by phone to confirm the wire information provided.
For funds that are to be wired to WFG for your transaction, we will send specific wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to confirm the wire instructions prior to remittance.
We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience
http://nationalwfgnationaltitlecom/2016/04/05/obsess-cyber-security/
The title insurance companys function is to make sure your rights and interests to the property are clear, that transfer of title takes place efficiently, and correctly, and your interests as a homebuyer are protected. Title insurance companies provide services to buyers, sellers, real estate developers and builders, mortgage lenders, and others who have an interest in the real estate transfer. Title companies issue two types of policies - “Owners Policy” (which covers the homebuyer) and “Lenders Policy” (which covers the bank, savings and loan, or other lending institution over the life of a loan). Both are issued at the time of purchase for a one-time premium.
The title company conducts an extensive search of public records to determine if anyone other than you has an interest in the property before issuing a policy The search may be performed by title company personnel using either public records, or more likely, information gathered, reorganized, and indexed in the company’s title “plant” With such a thorough examination of records, title problems can usually be found and cleared up prior to purchase of the property Once a title policy is issued, if for some reason any claim, which is covered under your title policy, is ever filed against your property, the title company will pay the legal fees involved in defense of your rights as well as any covered loss arising from a valid claim That protection, which is in effect as long as you or your heirs own the property, is yours for a one-time premium paid at the time of purchase.
The title company works to eliminate risks before they develop. This makes title insurance different from other types of insurance. Most forms of insurance assume risks by providing financial protection through a pooling of risks or losses arising from unforeseen events, like fire, theft, or accident. The purpose of title insurance, on the other hand, is to eliminate risks and prevent losses caused by defects in title that happened in the past. Risks are examined and mitigated before property changes hands. Eliminating risk has benefits to both of you, the home buyer, as well as the title company It reduces the chance adverse claims might be raised, and by doing so reduces the number of claims that have to be defended or satisfied This keeps costs down for the title company and your title premiums low With title insurance you are assured that any valid claim against your property will be taken on by the title company, and that the odds of a claim being filed is slim
Why it's important
Both the buyer and seller rely on the escrow agent to carry out their written instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out. If the instructions from all parties to an escrow are clearly drafted, the escrow officer can proceed on behalf of the buyer and seller without further consultation. This saves much time and facilitates the closing of the transaction.
The Seller/Agent
Delivers Purchase Sale Agreement to the escrow agent.
Prepares s the paperwork necessary to close the transaction
The Buyer/Agent
Deposits funds required to close with the escrow agent
Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement
Executes the paperwork and loan documents necessary to close the transaction
The Lender
Deposits loan documents to be executed by the buyer
Deposits the loan proceeds
Directs the escrow agent of the conditions under which the loan funds may be used
The Escrow Agent
Clears Title Obtains title insurance
Obtains payoffs and release documents for underlying loans on the property
Receives funds from the buyer and/or lender. Prepares vesting document affidavit on seller’s behalf
Prorates insurance, taxes, rents, etc
Prepares a final statement (often referred to as the “HUD Statement” or ”Settlement Statement”) for each party, indicating amounts paid in conjunction with the closing of your transaction
Forwards deed to the county for recording
Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties
In Summary
Escrow is the process that assembles and processes many of the components of a real estate transaction. The sale is officially closed when the new deed is recorded and funds are available to the seller, thus transferring ownership from the seller to the buyer
The escrow agent is a neutral third party acting on behalf of the buyer and seller.
Title is a bundle of rights in real property. Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance policy Usually, during a purchase transaction, the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner's Policy)
In short, the policy states that if the status of the title to a parcel of real property is other than as represented, and if the insured (either the owner or lender) suffers a loss as a result of a title defect, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy, subject to exceptions and exclusions contained in the policy
Typically there are two policies issued. The Mortgagee’s Policy insures the lender for the amount of the loan. The Owner’s Policy insures the purchaser of the purchase price
How is title insurance different from other types of insurance?
While the function of most other forms of insurance is risk assumption through the pooling of risks for losses arising out of unforeseen future events (such as sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past To achieve this goal, title insurers perform an extensive search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property Said defects/claims are either eliminated prior to the issuance of a title policy
or their existence is excepted from coverage. Your policy is issued after the closing of your new home, for a one-time nominal fee, and is good for as long as you own the property
What’s involved in a title search? A title search is actually made up of three separate searches:
Chain of Title – History of the ownership of the subject property
Tax Search – The tax search reveals the status of the taxes and assessments
Judgment and Name Search – Searches for judgment and liens against the owners’ and purchasers’ names
Once the three searches have been completed, the file is reviewed by an examiner who determines:
Whether or not the Chain of Title shows that the party selling the property has the right to do so
The status of taxes for the subject property The Tax Search will also indicate the existence of any special assessments against the land and whether or not these assessments are current or past due
Whether there are any unsatisfied judgments on the Judgment and Name Search against the previous owners, sellers, or and purchasers.
Rights established by judgment decrees, unpaid federal income taxes and mechanic liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights. The title search will only uncover defects in title that are of public record, thus allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance
After the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title The buyer, seller and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination
Real Estate Commission
Document preparation fee for Deed
Payoff of all loans in the seller’s name (or existing loan balance if being assumed by Buyer)
Interest accrued to lender being paid off
Statement Fees, Reconveyance Fees, and any prepayment penalties to Payoff Lender
Termite Inspection (according to contract)
Home Warranty (according to contract)
Any judgments, tax liens, etc. against the seller
Tax proration (for any taxes unpaid at time of transfer of title)
Any unpaid Homeowners’ Association dues
Recording charges to clear documents of record against seller
Any bonds or assessments (according to contract)
Any and all delinquent taxes
Notary Fees
Escrow Fee (one half)
Title Insurance Premium of Owner’s Policy
TYPICAL COSTS
Title Insurance Premium for Lender’s Policy
Escrow Fee (one half)
Document preparation (if applicable)
Notary fees
Recording charges for all documents in Buyer’s name
Termite Inspection (according to contract)
Tax proration (from date of acquisition)
Homeowners’ Association transfer fee
HOA proration (from date of acquisition)
All new loan charges (except those required by lender for seller to pay)
Interest on new loan from date of funding to 30 days prior to first payment date
Assumption/Change of Record fees for takeover of existing loan (if applicable)
Beneficiary Statement Fee for assumption of existing loan (if applicable)
Inspection Fees (roofing, property inspection, geological)
Home Warranty (according to contract)
Fire Insurance Premium for first year
Any bonds or assessments (according to contract)
The distinction between personal property and real property can be the source of difficulties in a real estate transaction A purchase contract is normally written to include all real property; that is, all aspects of the property that are fastened down or which are an integral part of the structure For example, this would include light fixtures, drapery rods, attached mirrors, and trees and shrubs in the ground It would not include potted plants, free-standing refrigerators, washer/dryer, microwave, bookcases, lamps, etc. If there is any uncertainty whether an item is included in the sale or not, it is best to be sure that the particular item is mentioned in the purchase agreement as being included or excluded.
DISCLAIMER:Thisflyerisnotintendedtobeanall-inclusivelistoffeesandchargesoneverytransaction,butratheraguidetothemajorcostsofbuyingorselling realproperty WFGwouldbehappytoreviewandexplainyourclosingcostpriortofinalizingthetransactions
A man or woman who is not married An unmarried man/woman A man or woman, who having been married are legally divorced. A married man/woman, as his/her Sole and separate property: when a married man or woman wishes to acquire title as their sole and separate property, the spouse must consent and relinquish all right, title, and interest in the property by signing a disclaimer deed or other written agreement.
Under this form of property ownership, both spouses hold undivided shares of the whole When one spouse dies, the surviving spouse gains ownership of the whole property without the need for probate, and both halves receive a new tax basis equal to the fair market values as of the date of death
Any property acquired during a valid marriage is presumed to be community property Excluded is any property acquired by gift, bequest, devise, descent, or as the separate property of either
Joint and equal interests in land owned by two or more individuals created under a single instrument with right of survivorship
Under tenancy in common, the co-owners own undivided interests; but unlike joint tenancy, these interests need not be equal in quantity and may arise at different times. There is no right of survivorship; each tenant owns an interest, which on his or her death vests in his or her heirs or devisee.
Note: Nevada is a community property state and property that is acquired by a husband and wife is presumed to be community property unless legally specified otherwise Title may be held by one spouse as “Sole and Separate,” if the married person acquires title as sole and separate, and his or her spouse executes a Disclaimer Deed to avoid the presumption of community property Parties may choose to hold title in the name of an entity, eg, a trust, corporation, or a limited liability company (general or limited) Each method of taking title has certain significant legal and tax consequences, therefore, you are encouraged to seek and obtain advice from an attorney or other qualified professional
Giventhecomplexitiesinvolvedinacquiringandholding legaltitletorealproperty,WFGstronglyrecommendsthatyouseeklegaladvicefromanattorneypriortodoingso
REPORT FOR 7/6/2023
Single-Family Homes
This week the median list price for Henderson, NV 89011 is $619,622 with the market action index hovering around 40. This is an increase over last month's market action index of 39 Inventory has increased to 194.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Each segment below represents approximately 25% of the market ordered by price.
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Inventory has been relatively steady around these levels in recent weeks.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.
The properties have been on the market for an average of 120 days. Half of the listings have come newly on the market in the past 56 or so days. Watch the 90-day DOM trend for signals of a changing market.
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
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TRANSACTION
STARTED
Notification is sent after Title Report is completed.
Notification is sent after Title Report is completed.
Notification is sent five days after Title is cleared.
Notification sent one day after transaction is marked recorded.
Notification is sent when earnest money is received by Escrow.
Notification is sent 15 days after Title Report is completed.
Notification is sent once all title curative items are received and ready for closing.
Notification is sent to both Buyer and Seller.
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REV. 2.16.2022