Tagged : Reno Real Estate RSS Feed

Found 15 blog entries tagged as "Reno Real Estate".


In a normal real estate cycle, home sales usually peak in the summer and begin to slow down once school resumes in the fall and the weather begins to cool...right? Winter after all, is a time to slow things down and celebrate the Holiday Season.  Like most things in 2020 however, many so-called 'norms', including real estate sales, are proving otherwise and show no significant signs of slowing down as we enter the winter season.  

Despite the onset of colder weather and the continued pandemic, the combination of a thin housing inventory and historically low interest rates have made for a hot real estate market both here in northern Nevada and across the nation.  For example, there were only 277 active homes for sale in Washoe County in the month of…

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We've made it easy for you!  

Through our website you can simply type in your address and you can get an estimate of what your home is worth...yes, it's that easy. 

Visit our website at RenoHomeValues.com to get your estimate.  If you would like a more detailed price on your home call any of our agents within the Hughes Real Estate Group to make an appointment today. 

Todays market is gaining speed...we are seeing multiple offers on our listings.  Especially the luxury Reno real estate market.  The market needs more listings so this would be the perfect time to list your home.

Call us today!  

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These terms are often used interchangeably when talking about a person's eligibility for obtaining a home loan. They are very different and carry different weight when you are writing an offer on a home. Here's why:

A pre-qualification ("pre-qual" is how you will commonly hear it) letter is simply based on the buyer verbally telling the lender their income and assets. A pre-approval letter is when the buyer/borrower's documentation is received and reviewed to verify the data. At an office meeting I heard a great explanation of a pre-qualification letter; "it's not worth the paper it's printed on."

As a buyer, this is important to know because a pre-approval letter will give you a more accurate picture of what you can actually afford to buy a house…

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The plans for a new development in Caughlin Ranch (Pine Bluff) are still in the planning stage but it looks as if the builders of Homecrafters are planning to develop and build new homes in the same development for which they started back in the mid 80's.  

Homecrafters have acquired a 26 acre parcel located between Seasons and east of Eagle's Nest. Originally they planned for 61 homesites but have since changed the plans to have 43 homesites which will make for better lots sizes for each home. Again, these plans are tentative and can change at any time.  

Here is what is planned so far:

  • This will be a non-gated community with 2 separate access points

  • 43 homesites on 1/3 acre lots

  • 2750-2800 sq. ft. single story 

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Everywhere you look in Somersett there is building going on and it's a beautiful thing!

Toll Brothers is one of the many builders in Somersett, but one of the builders that continue to build throughout the community.  They have several developments within Somersett and have just recently started building in The Boulders.  These homes are gorgeous, luxury homes that sit on a hilltop that can be seen as you drive through Somersett.  The lots have amazing views of the Somersett valley, surrounding mountains and some have views of Somersett golf course. 

The homes range in size from 4500 sq. ft. to 6000 sq. ft. and are priced from $900,000 - $1,500,000.  Some have walk outs and large expansive decks to enjoy your views. 

   

There is currently…

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The  Congressional Authority for loan limits established under the Economic Stimulus Act for 2008 will expire on January 1 and the loan limit for an FHA loan will go from $403,750.00 to $325,450.00. If you fall within these parameters you need to get your loan in place now before the limit drops. Remember you can still do a 5% down conventional loan.

I have some great lenders and now is a great time to buy, prices went up 25% this year and will go up again in 2014.

Happy Holidays.

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With the lack of inventory and huge demand Reno has become a hot bed of Real Estate activity. According to Realtor.com, properties are staying on the market about 36% less time than a year ago and values have gone up 26% in the last 12 months. Inventory has been reduced by a third.  I know the last year has been the busiest year I have had in 29 years of peddling homes here in the Reno area..

Last month 71% of our sales were equity sales as opposed to short sales.  That's great news for the Biggest Little City in The World. You can click here and see the article on CNBC's website

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Currently there are 2672 homes on the market in the greater Reno and Sparks area. Of that amount there are 1917 that are in escrow, (pending) making the actual amount of homes on the market that are not sold is 753. Economists judge the market by how many homes are being sold per month versus how many on the market, a balanced market is about 6 to 7 months. Meaning at the current rate we are selling homes, which is 500 per month we would sell all of the inventory in just over 5 months.

That means our area is currently in a Sellers market based on the current statistics. Keep in mind the new law that went into effect last October, AB 284 which is restricting the number of foreclosures on the market. It says banks cannot foreclosure on a seller unless…

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Many families are dealing with a cut back on their family income, and it can be comprimising being able to make the mortgage payments. Loan modification is an adjustment to the original terms agreed upon with the bank. Three things can be adjusted; interest, amount owed, and length of the loan.

These possible changes have a vast group of homeowners considering and checking into the loan modification advertisements, often seen on Yahoo, Bing and Google. The Office of the Special Insepector General for the Troubled Asset Relief Program, SIGTARP, has shut down mortgage modification scams where the advertiser promises to lower the homeowners' mortgage for a fee. The victims are promised that the Troubled Asset Relief Program called HARP will be used. The…

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We just listed 2490 Melody Lane for $319,000 and it overlooks the city and has a panoramic view of the valley. This home has a custom 5 car, heated garage for the car enthusiast in your family. There is almost 3200 square feet and lots of features you would find in a much more custom home including steam shower and upgraded plumbing fixtures.

The floorplan is very open for entertaining and takes full advantage of the spectacular views.  The home is very easy to show and the location is 10 minutes from anywhere. Be sure and take a look at the pictures and click here for the virtual tour.

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