A question off the net for a Reno Condo on Talus Way:
200 Talus way .. Do you have a motivated seller
Yeah, so motivated they put it in escrow months ago. …Read more » » »
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Filed under: LOCAL MARKET
My assistant and I spent most of the day working on excel and crunching data sets to see if we can get a handle on this “flash bubble” which in some cases properties doubled in get this; 6 weeks last spring. After all, I am buying two homes and a rental myself right now, one of them a new home in Reno so I have to know these numbers well. As you may recall, I started warning people in 2004 to cool it: …Read more » » »
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Filed under: 2012 STATISTICS
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Filed under: UNCATEGORIZED
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Here is a copy of my take on the Reno Real Estate market, Reno Homes for Sale, this is a letter that I sent to my Reno Real Estate Investor’s:
Anyone who has been an active member knew by November and cemented in at our panel meeting the effects Nevada Assembly Bill 284 was going to bring to the market; decreased inventory/higher prices. We have seen YTD exactly that. Many member’s who took advantage of this and “went all in” have had/having incredible returns. It is my goal to keep all of you at least 6-12 months ahead of the market/herd.
I have been through the dot com real estate boom in Tahoe and of course the 2003 to 2008 bull run in Reno and I have never seen such huge profits in such a short amount of time YTD in Reno area! …Read more » » »
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Filed under: 2012 STATISTICS
Coldwell Banker Select Reno office has listed an Amazing Luxury Estate located at 2500 Manzanita Lane, Reno, NV. $18,500,000.
Reno’s most luxurious property located at 2500 Manzanita Ln. Lane, this is the first time on the market! …Read more » » »
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Asking for concessions
Asked by Jonray, Reno, NV • A few minutes ago
I am currently under contract to purchase a 3 bdrm condo. I have recieved the HOA docs and the sale is contingent on my approval of the Docs. The reserves are about half as strong as they should be and some major expenditures are planned in the coming years. The HOA’s are comparatively high, but not unreasonable. Hoa meetings seemed fine but have had some security issues. I like the place and am making a cash offer. You guys know how tight the market has become on reasonably priced places. Should I try to get the seller to give me some sort of credit. This is a regular sale. Thanks …Read more » » »
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How have Somersett homes held value compare to other golf courses in Reno?
Oh I don’t know…off the top of my head; how about a whopping 50% correction or so since the top. With that said, it seems to have stabilized/trending up (for the time being) as we are in a mini bubble with extremely low inventory levels/extreme seller’s market. There are other golf course communities that are closer to 70% correction so Somersett did fair (in the correction). …Read more » » »
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Filed under: SOMERSETT
