Home Buying in Las Vegas>Question Details

Mikebv, Home Buyer in Las Vegas, NV

When you buy a house in Las Vegas do you own the land/lot?

Asked by Mikebv, Las Vegas, NV Sat Apr 19, 2014

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Robert Adams Broker NV, RI, MA’s answer
The best explanation would be you are buying the land and the improvements on the land (the home is the "improvements") .

I hope this helps.

Best Regards,
Robert Adams
Dual Licensed Real Estate Broker NV#62827 MA#9530304

NV Broker & Team Leader of The Adams Team at Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com

MA Broker at Sankey Real Estate
C: 508-250-0345
O: 508-543-8060
F: 508-643-1515
RobertAdams@MArealestateHELP.com
http://www.MArealestateHELP.com
0 votes Thank Flag Link Thu May 1, 2014
Yes, you would own the land. In addition to limitations for what can be done to underneath the lot, there can also be stringent rules for what is allowed on top of the lot. i.e. some communities do not allow sheds, RV parking, business', etc. Every governing HOA, if applicable, has a different set of rules and regulations.

Regards,
Chad Roberts
Broker/Salesperson
Realty One Group
0 votes Thank Flag Link Tue Apr 29, 2014
Yes, when you purchase a single family home in Las Vegas, you do own the land as well. However, you do not have certain rights. For example, you don't have the right to dig a well, or to mine for minerals. If gas, oil, or other minerals are found under the land, you do not have the rights to those minerals.

Angela Brasser, ABR, CRS
Prominent Realty Group, LLC

(702) 460-2515
http://www.vegasrealtyvalues.com
1 vote Thank Flag Link Mon Apr 28, 2014
When you purchase a Single Family Residence you do own the land/lot that it is sitting on. You might not own what is under the lot/land depending on several things.

http://gawker.com/do-you-own-the-rights-to-the-land-under-yo… is a story about new home builders taking away the rights of the home owner for mineral rights under the ground.

If you are interested in searching for properties please feel free to look at my site http://www.sellmynevadahome.com
or robertlacy.las.fusionmls.com

both have great resources and gives you the ability to enter your own criteria for what you are looking for.


Robert Lacy
Keller Williams Southern Nevada
702-556-3094
RobertL@sellmynevadahome.com
http://www.sellmynevadahome.com

Google
0 votes Thank Flag Link Wed Apr 23, 2014
Hi Mike,

Yes, when you purchase a single family residence in Las Vegas you also own the land that comes with it. The escrow company will provide you with a preliminary title report that includes the legal description of the property and also a plot map showing the dimensions of the property.

Here is a link to local web site with ALL the MLS listings of the homes currently for sale in the Las Vegas area. This site is updated daily (unlike the "big box" sites like Trulia and Zillow which are only updated every three or four days and do NOT contain all MLS listings) so that you can keep on top of the market.

http://www.greatlasvegashomes.com/

Hope this helps!

Diann Tonnesen
Prudential Americana Group Realtors
sold@GreatLasVegasHomes.com
702-985-7654

The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"
0 votes Thank Flag Link Wed Apr 23, 2014
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