Reno Tahoe Real Estate News

Short Sales – Now Is The Time

If you have been exploring short sale now is the time to look a bit harder at this option.  Why you ask?  A couple reasons.  First, over the past couple of years the lien holders (banks) have developed systems that streamline the short sale process.  Some banks are better than others but overall they have improved.  [...]

Veterans Day Parade 11-11-11 @11

Please join me and hundreds of others at the Veterans Day parade on Friday, 11-11-11 @ 11am (time the war officially ended) on Court & Virginia Streets in downtown Reno. Veterans day began as “Armistice Day” right after WWI. It is celebrated on November 11 because that is the date in 1918 that the war officially ended.

Market Stats: Months of Inventory 11/09-11/11

Short Sale Update In The Reno-Sparks Market

Short sales still are a major factor in the Reno-Sparks market.  As of today there are 817 active shorts sales and 1261 pending short sales (Area 100/All residential types).  The active short sales only account for 37.2% of the active listings but 62.2% of the pending sales.  In May there were 177 short sales closed [...]

Special events in Reno, May and June

Reno/Sparks Tahoe’s natural beauty and its distinctive four season climate combine to offer almost every type of recreational activity.  The Sierra Nevada mountains form the western boundary of the Truckee Meadows featuring alpine and Nordic skiing at 18 major resorts.  Fishing, sailing, swimming, hiking, biking, camping and horseback riding are all exceptional and less than [...]

Galena, Mt. Rose Highway, Callahan Ranch water mitigation

For the past ten years, Washoe County’s Department of Water Resources (DWR) has worked on developing a plan to address groundwater management and domestic well mitigation issues for properties in Southwest Reno.  Residents of the Galena, Callahan Ranch, Mt. Rose fan areas from Arrow Creek on the North to St. James on the South have [...]

Bank of America Introduces New Cooperative Short Sale Program

One of the biggest issues with getting a short sale closed has been timeline from the point where the buyer’s offer is submitted to the lien holder (bank) to getting an approval.  BofA is introducing a “cooperative short sale” where the homeowner is evaluated for a short sale, the property value and list price are determined [...]

This REALTOR Gives Thanks….

I don’t think there is anyone out there who would not agree that the real estate market in the Reno-Sparks area, and in many other areas around the country,  has been hard hit over the past several years.  We have all seen our property values decline pretty significantly.  Many folks are struggling to find jobs.   [...]

Traditional Sellers Take The Lead In October

According to sales data from the Northern Nevada Regional MLS, traditional home sales (sellers with equity) lead the sales data for residential, stick built home sales in October 2010.  Traditional, equity position sales accounted for 38.8% of sales in October.  The median sales price $231,700.  These sellers received on average 95.1% of asking price and [...]

“Pre-Approved” Short Sale – Is There Such A Thing?

Buyers shopping for a home in the Reno-Sparks area are likely to encounter a large number of short sale properties for sale.  Some of these short sales are advertised as “pre-approved” meaning that the seller’s lien holder has already approved the short sale.  Buyers should be careful here as the term “pre-approved” is often used [...]