9195 Red Baron Drive, Reno Nevada Real Estate
Is it a Sellers Market here in Reno Nevada? ~ Three Offers Received in 48 Hours!
9195 Red Baron, Reno Nevada ~ Under Contract in 48 hours!
I was worried when I first listed this property. There were 17 other similar homes listed for sale in the neighborhood. Some are pending and some are active. So I counseled my client that getting the home sold in a timely manner could be difficult and we might have to reduce the price of the home to keep up with the pricing of the other properties.
I had no idea how wrong I was. This home received 8 showings and 3 offers within 48 hours of being listed in the MLS. One buyer even wrote an offer prior to seeing the home. She said she had been waiting for a model like this one to come on the market and did not want to miss out a chance to purchase it by waiting until she had time to see it.
So what makes this home so special?
The homeowner took excellent care of the property. The backyard was fully landscaped and a redwood deck was built just off the back of the home. The interior was painted, kept clean and well maintained. Is this what sold the house?
This home is a two story home with three bedrooms and two and a half baths. All three bedrooms are upstairs with a loft area that is great for watching TV, playing games, working in the computer. It has great views of the mountains with a large backyard and redwood deck. Is it the floorplan that sold the house?
The asking price of 9195 Red Baron is $134,000. It is not to low or to high for this neighborhood that sits in the area of Stead, just north of Reno, Nevada. Is that what sold this property, location? or price?
Could it be that home prices are finally at a level where people can afford to buy. Are buyers starting to believe it is a safe time to buy with interest rates low and home prices low? Could it be we have hit the "bottom" of the housing market crisis?
9195 Red Baron Drive is now under contract. The home was built in 2006 and is selling in the low $100,000's. It is a beautiful home. Why was I so worried it would sit on the market and not sell?
Authored by Terrie Leighton. The information provided in this post is believed to be accurate but is not guaranteed. Terrie is a licensed real estate agent working for Ferrari-Lund Real Estate in Northern Nevada.
If you are interested in buying or selling a home in Sparks, Nevada, feel free to call me at 775-846-5424 or email me at Terrieleighton@hotmail.com. You can also visit Serving Reno and Sparks to see a complete list of homes available for sale.
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REALTOR®
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Ferrari-Lund Real Estate
775.846.5424
Terrie,
In my opinion, The 3 factors you had that went into your success at marketing and selling this home were all right on. Location, condition and price.
Even if the condition and the location are perfect, it will not sell unless it is priced correctly.... so congratulations on getting the job done.
DW
WooHoo. That is great news. We had a very similar home listed some time back and also cautioned the sellers that it may be a while as there were many other similar homes in the neighborhood for sale. And BAM we got an offer from the 1st Open House (buyer had an agent). I thought the price was good, but the condition was suberb, immacculate. I guess put those two together and magic happens. ~Rita
Terrie congrats on some stellar work getting this home under agreement so quickly!
WOnderful news! That must mean you had it priced right from the start...something I wish more sellers would do!
Terrie - I am convinced that for the time being the market is turning. I say time being because I am still unsure as to how the glut of foreclosures is going to impact us. I will tell you that a great listing priced right will sell sell sell with multiple offers in this market, and your sweet spot of under $150,000 was it. We're seeing anything under $150,000 gets multiple offers and sells overnight. Anything over $250,000 is just sitting there.
Excellent job my friend!
I hope it closes without a hitch for both you and your sellers!
Donald ~ Thank you for pointing out all of the things that probably helped get this home under contract, pricing, condition and location!
Rita ~ Congrats to you on your quick sale as well. I guess when everything does fit together it can be magical! Thank you for the comment.
Bill ~ Thank you for your support and your comments on my posts!
Kristin ~ Thank you for commenting. The home was priced right, I hope closes without a hitch!
Christianne ~ I am wondering what will happen to the current homes listed will be affected when the foreclosures hit the market. It is like the calm before the storm right now. But you are right, anything under $200,000 is selling and anything above that is just sitting.
Craig ~ I woke up thinking about the closing this morning. I hope it closes without a hitch and all parties are happy as well.
Congratulations Terrie, I can believe there were 3 offers in 48 hours, what a great price for a well cared for home.....
Whoa Northern Nevada Sister! That was quick! Awesome job! I bet since your sellers got so many offers in such little time it was nice for them to choose best price AND terms! WOOT WOOT and CHEERS! \_/
Thank you Jane!
Renee ~ I must say the seller was shocked at the activity on this home! But she was so relieved that the first step in selling her home is over! Now for the closing.....
Terrie: With you as the Listing Agent, and with your marketing skills, I would think there wouldn't have been ANY question that this home would sell quickly. Congratulations !
PS... even though it is very late here... and my eyes are more than a tad bleary, I am trying to figure out what Renee's "Woot Woot" means. Must be some sort of a local cheer, I am guessing. :)