65,000-seat Las Vegas Raiders stadium will cost $1.8B to build

It’s official: The 65,000-seat Las Vegas stadium will cost $1.8 billion to build.

The Las Vegas Stadium Authority late Wednesday posted three documents on its website outlining the guaranteed maximum price negotiated by the Oakland Raiders with general contractor Mortenson Construction Co.

The indoor stadium, under construction at Interstate 15 and Russell Road, will house the Raiders, who are expected to get final NFL approval at owners’ meetings in Orlando, Florida, next week to relocate to Southern Nevada by the start of the 2020 season. The state-of-the-art stadium also will become the home venue for the UNLV Rebel football team.

Reverse Mortgages

The millions of Americans who haven’t saved enough money for retirement still have a potential safety net: their home equity. But recent changes to reverse mortgages mean seniors and their families may have tougher decisions to make.

Reverse mortgages allow people 62 and older to tap their home equity without having to pay the money back until they move out, sell the house or die. Borrowers can take payouts as lump sums, monthly checks or through a line of credit that can be tapped at will. The reverse mortgage debt grows over time, typically at variable interest rates, and may deplete all the equity in the home, leaving nothing for heirs. If the home is worth less than the reverse mortgage balance, though, borrowers and their heirs can’t be held responsible for that loss.

10 Step Escrow Process

Buying a house is full of complications that most people do not understand and are unprepared for. One of those mysterious elements is the escrow process (also called “closing”), which occurs between the time a seller accepts the purchase agreement and the buyer gets the keys to the new house. Below is a 10-step walk-through of the process so you won’t be left standing in the rain without a roof over your head wondering what just happened.

What Happens During Escrow?

Once you go into escrow, many items still need to be reviewed, discussed and inspected as you move forward. Here are several that you’ll encounter for the next 40-50 days until you finally close escrow.

So the past few months you’ve shopped properties, submitted offers on many and gotten your hopes up, only to be let down. But you haven’t given up, and finally you get the call from your real estate agent: Your latest offer has been accepted!

Simplifying the Buying Process

Best unique home kitchen style

By doing your homework and thinking about the process as four smaller stages, shopping for a home can be less complicated and, perhaps, even enjoyable.

Buying a home is an intimidating endeavor. The process can be time-consuming, it has its own language of unfamiliar terms and acronyms, and it involves one of the largest outlays of cash you’ll likely make in your lifetime.

7 Steps Buying Process

The steps, process and details of buying real estate can be intimidating and overwhelming. For the most part, however, the transaction should follow these seven steps.

The steps, process and details of buying real estate can be intimidating and overwhelming to the first-time (and even the veteran) buyer. If you’ve never done this before, you likely have no idea how the process begins or what to expect.

9 Step Guide To Buying A Home

Here’s a secret for first-time homebuyers: No two homebuying experiences are ever the same. Even with a Zillow sneak peak, a shopper never really knows what homes will look like until they see them in person or what snags they’ll encounter once mortgage lenders and home inspectors get involved.

For some people, it’s the unpredictability of the experience that makes it most exciting. Others prefer to go in armed with as much knowledge as possible. If you fall in the second camp, and you’ve been eyeing open houses, this nine-step guide can help you prepare for your first time buying a house.