Selling Reno And Sparks Real Estate Blog

Reno Homeowners ~ Brighten Up To Help Sell Your Home

According to NBC's Today Show Real Estate Expert Barbara Corcoran, if homeowners brighten up their home with vibrant accent pieces such as pillows and throw rugs,  they could potentially attract new buyers to the home.

Although I do not always agree with some of the advice Barbara Corcoran offers Today Show viewers, I do think she is right on when it comes to making a few changes to your homes decor to help it show better.

In the video below, Barbara offer's some really great advice on ways home sellers could brighten up their living spaces. If you are having trouble getting an offer on your home you may want to consider taking down curtains, adding bright pillows to your bed or changing out any dark throw rugs and replace them with vibrant colors.

So what do you think? Do you think updating color is enough to get a your Reno Home Sold? Or will it sell with just a new kitchen, a few flowers around your entrance? What ideas to have that have helped sell your home in the past?

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Looking for a home under $100,000 to buy in Sparks, Nevada? This HUD home could be for you!

Sparks Nevada Real Estate Home For Sale:

List price = $84,000

Single story home great for first time home buyers (home is eligible for FHA 203K), investors (this is a great neighborhood for renters & home buyers) and those who are downsizing. 

This HUD home features 3 bedrooms and 2 full bathrooms with 1326 sq ft. The home has a converted 2 car garage not included in the sq ft that would make a great bonus room or bedroom as well as den-office built off the rear. The kitchen is spacious with electric range, microwave, dishwasher and large pantry as well as a glass door to a spacious covered deck in the rear yard.

If you are looking for a single family home in a wonderful Sparks, NV neighborhood that is centrally located close to schools. With some TLC this home could become up to date in no time!  Sitting on a nice corner lot, the back yard is fully fenced with mature landscaping that provides plenty of privacy.

Listed for sale with Ferrari-Lund Real Estate, as most HUD owned properties in the area do, this one will not last long on the market. Please contact me at 775-846-5424 to find out how you can view this home! 

Sparks Real Estate Home For Sale Under $100K

Sparks Nevada Real Estate ~ A new Ferrari-Lund home for sale at Vista Terrace in Sparks ~ Regular Sale

Listed with Ferrari-Lund at a great price of $289,000!

Features include:

Four Bedrooms

2.5 Bathrooms

Three Car Garage

RV Parking/Access

3700+/- square feet

Cul-De-Sac 

Game Room

Laundry Room

Pantry

Tile/Carpet Flooring

Gas Range / Double Ovens / Microwave

Views of Canyon

No rear neighbors

School District:

Washoe County

Grade School: Beasley

Junior High School: Mendive

High School: Reed

The city of Reno ranked last among real estate agents across the country as a city least likely to recover from the current housing crisis anytime soon. If you have been following what has been happening with Northern  Nevada's economy over the last several years, this survey should not surprise you.

Reno has one of the highest unemployment rates across the nation, and, as recently reported in the RGJ a few weeks back, Reno has very amount High Shadow Inventory.

Shadow inventory refers to real estate properties that are either in foreclosure or homes that are being sold as short sale properties and have not yet sold. Shadow inventory creates uncertainty about the best time for a home owners to sell. People are afraid new listings might cause prices of homes to decline even further so they hold off putting their homes on the market. Lenders will also hold onto forclosed properties for fear of prices dropping. 

So who participated in this survey? The largest real estate social network ActiveRain Corp surveyed nearly 2000 real estate agents and real estate brokers in the US and Canada to try to decide and understand if the national and local real estate market and economy are poised for recovery this year. Read the full article here:

Real Estate Recovery or not? 2012 Predictions by the Pro's Infographic

The article shows statistics that American real estate agents expect the US real estate market to be largely flat from 2011 to 2012.  Real estate agents predict that real estate values will be flat from 2011 to 2012, signaling a bottom to the real estate market or the end of the real estate bubble.  Given historically low interest rates as well as a bottoming of real estate values, real estate agents expect that the number of real estate transactions and new construction starts will increase slightly in 2012.   

They believe real estate to be local so the amount of time to recover will very from city to city. As I mentioned above, Reno may not see these improvements because of our high  unemployment rate and the  high amount of shadow inventory properties we have. 

A few other cities that rank about Reno are New York City, Chicago, San Diego and Sacramento. All cities that had huge decreases in home values over the last several years. The top cities who are expect to recover this year are Austin, Boise, Naples, Dallas and Denver. Below is a chart that ActiveRain assembled to help better understand the predictions of the real estate agents who took the survey. Be sure to read the complete article to fully understand the though process behind the survey results.

 A graph created by ActiveRain that will show and explain the survey predictions, or not!

Data provided by ActiveRain.com. Join 215,590 http

Each new mortage program geared toward helping home owners almost always appear to be wonderful and even encouraging to those struggling or who are underwater at first. But the problems with these programs are all the same, the only help a handful of home owners. The majority of trouble mortgages do not fall under their guidelines. 

Read the specifics to the The Harp Deal below to find out if you qualify. It is a great article because it does the explain the details of the Harp Deal. Written by Kevin Kueneke, Mortgage Loan Specialist from San Diego, CA.

If you need additional information on your Reno or Sparks, Nevada home, the short sale process, please call me so we can discuss your options. 

This Reno Market Update is brought to you by Kevin Sigstad 2011 RSAR President-Elect and Helen Graham Treasurer 

The Reno/Sparks Association of REALTORS gets "To the Point" and presents a detailed analysis of the current trends in residential Real Estate in Northern Nevada. 
To the Point is Sponsored by the Reno/Sparks Association of REALTORS
Charts and graphs created by North Leaf Solutions under license of RSAR 

December 2011 unit sales totaled 524!

A record for Northern Nevada. The median year end sales price was $154,000.

Selling Your House in Las Vegas:  When to Sell a House?

Most traditional markets have better seasonal selling months than others.  Las Vegas does not have bitter cold or snow that may stop a potential buyer from heading out in the “elements” to buy a home.  Las Vegas does have that nasty blast furnace heat in the summer that one would *think* it could stop buyers from searching for a home but that is not true!

Las Vegas real estate attracts many types of buyers:  first time buyers, vacation & second home buyers, retiree buyers & investor buyers.

Spring, Summer, Winter or Fall – there is no best season to sell a house in Las Vegas.

January, February, March, April, May, June, July, August, September, October, November or December – there is no best month to sell a house in Las Vegas.

Thanksgiving, Christmas, New Years, Super Bowl, Valentine’s Day, Fourth of July, Back to School, Halloween – there is no best holiday to wait to sell a house in Las Vegas after.

Take a look at this graphic:

Blue represents active listings, red represents contracted listings and green represents sales.  Each line is for a month from December 2007 to December 2011.  Every month there is green even during the “crappy sales months” of December 2007 through early spring 2008.  That means every month there are sales – and these days the amount of sales are very healthy every month & every season so it really doesn’t matter when to sell your house.  It’s only a matter of *if* you *need* to sell your house.

Any house will sell in any month if it is:

• Priced correctly for current market conditions
• Easy to show
• In good repair
• Shows well
• Marketed to target audience correctly

The Las Vegas real estate market breaks all “laws” about when to sell your house during seasons, months & holidays.  Las Vegas is a 24/7/365 town with homes selling every day of the year!

Click here for your no obligation – no appointment – free consultation – if you are thinking about selling your Las Vegas Home!

copyright 2006-2011 Renee Burrows, REALTOR®, The Force Realty  702-966-2494

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**Inventory Continues to Plunge Down in January!!!**

We are still squeezed for inventory.  New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight.  Multiple offers on well priced homes are widespread. Everyone from first time buyers to investors are taking advantage of "opportunity".

Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post.

Las Vegas Area Real Estate Market Watch was created for informational purposes only.

This is for all the buyers wondering "where is the inventory"? The inventory is here, this graph shows that buyer interest is extremely high and gobbling up all that new inventory coming online!

This is also for people saying "shadow inventory exists"! Well I believe it exists but it also exists in Las Vegas short sales which has tripled to quadrupled it's formerly stagnant close ratio since late spring.

These are Listing/Under Contract & Pending/Sold Trends from December 2007-November 2011.

Contracted closings are stalled because of the large amount of Las Vegas short sales that are contracted.

copyright 2006-2011 Renee Burrows, REALTOR®, The Force Realty  702-966-2494

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Want to learn a little more about the Reno Real Estate Market? The "To The Point" monthly video series is a great way to stay up date on our local real estate statistics. The following is a detailed market analysis of current trends on this market. 

I am happy to answer any questions or concerns you have regarding the areas real estate market. Market values for December 2011 are down on the average and the number of units sold are increasing. Low home prices and low interest rates continue to drive these numbers.

In the heart of Reno, Nevada sits this brick home and it is as charming as they come. It was built in 1936 and is updated with a new kitchen, bathroom, fresh paint and a finished basement. It sits on a large lot with alley gate, a dog run and RV availability!

Check out all the details and pictures here:

Reno Home For Sale

 Call me for additional information on this Ferrari-Lund listing and for all your Reno and Sparks real estate information.

Reno Home For Sale