With a new decade just begun, it’s interesting to look back at where we’ve been these past 10 years. In 2002, there were 1023 single family homes sold in the Truckee/Lake Tahoe area, with a median price of $397,500. By 2006, we reached the peak of market value, at a median price of $680,000. Now, [...]
Friday, December 11, 2009
While the real estate market continues to struggle, one local realtor managed to shine in 2009. Amy Shocket, REALTOR® with Dickson Realty, was recognized by both the Reno Sparks Association of REALTORS® and the Northern Nevada Women’s Council of REALTORS® this year. The Reno Sparks Association of Realtors (RSAR) presented Shocket with the Matt Gibbons Memorial Award at [...]
Tuesday, December 1, 2009
The Washoe County Senior Services Senior Law Project is holding free foreclosure workshops this month for people who need help in keeping their homes. These workshops are open to the public. The workshops are being held at Reno Center at 1155 E. Ninth Street in Reno. Saturday, December 5th from 9am to Noon Saturday and Wednesday December 16th from [...]
Friday, October 16, 2009
The deadline is quickly approaching for buyers who want to take advantage of the $8,000 First Time Home Buyer Tax Credit. Buyers must close escrow on or before November 30th. Many buyers are still anxiously hoping to close in time for the credit. There are currently about 1890 pending sales in the Reno-Sparks area for stick [...]
Friday, October 16, 2009
An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction (also known as a Trustee’s Sale). Trustee Sales (often an auctions held on the courthouse steps) begin with a minimum bid that includes the loan balance, any accrued interest, plus attorney’s fees and any costs [...]
Tuesday, August 18, 2009
On July 1, 2009 Assembly Bill 149 was passed and signed into law. This new law requires the foreclosing trustee (company hired by the banks to foreclose) to provide mediation for any owner-occupied residential property before they can foreclose. Sorry investors, you won’t get to take advantage of this program. To get more information on [...]
Tuesday, August 11, 2009
Yes, we are seeing multiple offers in the Reno-Sparks market again. Not a day goes by where I don’t talk to agents who are in bidding wars for properties for their buyers. Those of you considering buying a home in a competitive market know or may have heard how frustrating the process can be. In certain [...]
Friday, August 7, 2009
Clean, affordable foreclosure listings are a hot item in Northern Nevada. Inventory is low, prices are on the up-swing & multiple offers becoming more common by the day. With that said, we see some mistakes being made out there and would like to offer some tips. Give it time. Buyers and agents would typically like to [...]
Thursday, July 30, 2009
For the third consecutive month, California foreclosure sales jumped significantly as lenders come off the moratorium, according to ForeclosureRadar.com. Foreclosure sales increased by 24.7 percent following a 31.9 percent increase in May, and a 35 percent April increase. Notices of Trustee Sale dropped by an unexpected 28.7 percent, with the timing of the drop indicating [...]
Wednesday, July 8, 2009
Thirty-nine Dickson Realty agents have recently earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process. Short sales allow the cash-strapped seller to repay the mortgage [...]
Wednesday, January 13, 2010
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