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Archive for the ‘______________________________________’ Category

Reno Foreclosures Down, Rents Down, Reno Home Prices Up, Reno Real Estate In a meltup…

A complete melt-up of Reno home prices just in the last few months as AB249 which effectively benched most lender’s from foreclosing¬†has slowed Reno foreclosures to a crawl. We saw a sharp drop from around 600 Reno foreclosures in September to single digits by fall.

Yes… I am concerned about a buildup of shadow inventory on top of the existing shadow inventory.

Investor’s have made a killing in the sub $125,000. SFR range. Reno home prices are up 50 to 100% in less than a year in this price point ¬†and appreciated around 10% a month this last quarter alone¬†in the Reno homes for sale market. I am¬†waving a¬†caution flag¬†for investor’s looking to flip in this price range however¬†as the train may have left the station. It is hard to get them to appraise so that many times an Investor has to buy for cash or add cash to make up the difference of the low appraisal. It is¬†concerning¬†to see this many Investor’s dogpiling into town frankly!

Long term Investor’s and primary Reno home buyer’s are still cool to buy in my opinion as it is still cheaper to buy than rent which of course results in a positive cash flow for most investor’s.¬†Be careful not to get caught in the hype though and use a Reno Realtor and Reno Loan Officer that returns e mails and calls¬†or you are toast getting a fast moving deal.¬†

However; watch out for continued rental declines as the pool of tenant’s has shrunk with people not¬†needing a rental home¬†after losing their home in foreclosure, renter’s becoming buyer’s (cheaper to own than rent) declining¬† jobs and population etc.¬†People that would normally be thrown into the rental pool (after losing their home)¬†can now live for free with no mortgage, taxes HOA dues etc. thanks to AB249. Additionally,¬† many Investor’s rent their homes without paying their mortgage now¬†which means they can reduce rents.

So here’s the deal; the foreclosures in Reno are at such lows that you need to contact me to keep on top of it and I will set you up for auto e mails and you may have to jump on them sometimes the same day and be prepared for yes; multiple offers. Keep in mind Reno Investor’s can be sidelined for around 30 days on many of the bank owned homes in Reno though. You need to watch the back on the market plays as many first time buyer’s can’t come up with the appraisal deficit to buy with only 3.5% down.

So… hope this makes sense and helps, this is Ron Bell, Realtor in Reno, Coldwell Banker Select Group, I can be reached at ronbellrealtor@hotmail.com 775-750-5256.

Oh yeah, not to date myself but I do answer and return calls and e mails :).

Reno-Sparks Lease Option Homes and Reno-Sparks owner financed homes…

Enclosed is an update of lease option Reno homes, Reno owner financed homes, Reno owner carry homes, Reno rent to own, that are pure active listings and not in escrow or off market like other sites. They are available to purchase now with no catches, email capture, or credit card requirements. These work well for the credit challenged such as myself unfortunately.

All I ask for this service is that you consider me as your realtor. I work full time and answer my phone and E-mails promptly. I can set you up on auto-email for updates if needed. Click Here:

Click to continue reading “Reno-Sparks Lease Option Homes and Reno-Sparks owner financed homes…”

Reno Owner financed-Reno Owner Carrry, Reno Lease Options

lease option and owner financed homes in Reno Sparks Nevada Nv.

Click to continue reading “Reno Owner financed-Reno Owner Carrry, Reno Lease Options”

Reno bank owned homes, Reno foreclosed homes, Reno owner financed homes, Reno lease options

Reno owner financed homes and Reno lease option homes

Click to continue reading “Reno bank owned homes, Reno foreclosed homes, Reno owner financed homes, Reno lease options”

Reno/Sparks Owner Financing & Lease Option Homes

Please find the Reno/Sparks, NV, Nevada Owner Financing and Lease Option Homes below this paragraph.  They are all of the Reno and Sparks owner financed and lease options since our last update.  These are Reno lease option and owner carry homes AVAILABLE and not in escrow as of posting.  We are keeping our content short and sweet, so if you would like additional pictures or information feel free to email me at ronbellrealtor@hotmail.com or use the search MLS tab at the top of this blog site. 

You can also follow me on Twitter for Reno foreclosures and Reno bank owned homes at http://twitter.com/renoforeclosure.  Blog is www.renohomevoices.com.  We of course don’t charge, capture your info. etc. so I would appreciate you using me as your Realtor, I answer calls and e mails promptly and I am extremely experienced (in real estate).

Thanks,

Ron Bell Coldwell Banker Select Reno Nv.

Price

Address

Area

Total Living Space

Bedrooms #

$205,000.00

590  S SAND CRANE Circle

Sparks-Suburban

1823

3

$299,000.00

80  Hercules

Spanish Springs-East

2200

3

$324,900.00

1481  Highland Pines Drive

Reno-Old Northwest

2054

4

$399,000.00

4010  St. Andrews Drive

Reno-Hidden Valley

1993

3

$399,000.00

4809  Ramcreek Trail

Reno-West Southwest

2621

4

$425,000.00

1550  Kestrel Court

Reno-Southwest

2550

3

Reno foreclosures, Reno bank owned homes, here are the Reno foreclosures for sale…

Enclosed is an update on Reno Foreclosures Reno bank owned homes around the greater Reno Nevada area;  I am trying this site, be carefull not to pay, I can get you information for free.  If you get lost (on hot pad site), hit the back button or just google Ron Bell Realtor.  Inventory is stable, it is a bankers market with multiple offers.  I am calling for a retest of the lows between 11/15/09 and 3/15/10.  After that it should be fairly stable (under $250,000.)  Here is the link:

http://tinyurl.com/Reno-foreclosures

Here is my video describing the buyer’s frenzy we are currently in: Ron Bell\’s market overview video…

FORECLOSURES/BANK OWNED HOMES IN RENO/SPARKS

 

Please find the below update of the Reno and Sparks R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. (THE POST BELOW IS OWNER FINANCING HOMES) The Reno/ Sparks Bank Owned Home/Foreclosure listings have been remaining stable for the past couple of weeks. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 269, rising from 193 from last week. 

 

If you have any questions about any properties, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com

 

 

OWNER CARRY/OWNER FINANCING HOMES IN RENO/SPARKS

Please find the below link to recent owner finance/owner carry homes available in the Reno/Sparks area. Currently, there are 55 owner financing or owner carry homes in the Reno/Sparks area, the same as last week. The market inventory has been declining or remaining stable for prices below $200,000.

If you have any questions about the properties below, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com

 

 

BANK OWNED/FORECLOSURE HOMES IN RENO/SPARKS

 

Please find the below update of the Reno and Sparks R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings have been remaining stable for the past couple of weeks. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 193 stable with last week of 198. While more foreclosures continue to come onto the market, multiple offers continue to be submitted on them. 

 

If you have any questions about any properties, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com

 

 

 

OWNER FINANCING HOMES AVAILABLE IN RENO/SPARKS

Please find the below link to recent owner finance/owner carry homes available in the Reno/Sparks area. Last week, we had 53  Reno/Sparks owner financing or owner carry homes. Currently, there are only 55 owner financing or owner carry homes in the Reno/Sparks area. The market inventory has been decling or remaining stable for prices below $200,000 and inventory continues to drop due to new buyers coming into the market.

If you have any questions about the properties below, please contact me at (775) 750-5256 or ronbellrealtor@hotmail.com