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Posts Tagged ‘cold springs nv bank owned homes’

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 :).

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

 

 

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

 

 

 

FORECLOSURES/BANK OWNED PROPERTIES 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

 

 

 

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 Reno/ Sparks Bank Owned Home/Foreclosure listings are still decreasing. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 198 stable with last week of 193. 

 

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

 

 

 

Foreclosures & Bank Owned Homes in Reno/Sparks

 

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 are still decreasing. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 198, down from 204 last week.  The market is still very hot for homes under $200,000 and inventory continues to decline.

 

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

 

 

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 Reno/ Sparks Bank Owned Home/Foreclosure listings are still decreasing. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 204, down from 220 last week.  The market is still doing well for homes under $200,000.

 

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

 

 

Foreclosures – Bank Owned Homes in Reno/Sparks, NV

 

Here are the updated Reno R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings are have been steady in the past couple weeks due to the drastic decline last month. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 229.  The market is still very hot for homes under $250,000 and many of the homes are receiving multiple offers. 

 

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

 

 

Reno/Sparks Bank Owned & Foreclosure Homes

 

Please find the below Reno R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings are still decreasing on a weekly basis. The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 219.  The market is still very hot for homes under $250,000 and many of the homes are receiving multiple offers.   

 

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

 

 

Reno/Sparks Bank Owned Homes/Foreclosures

 

Please find the below Reno R.E.O.-Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area. The Reno/ Sparks Bank Owned Home/Foreclosure listings have been decreasing in most areas recently.  The total Reno Bank Owned Homes-Renoforeclosure homes for this week is 215, down from 221 last week. Currently, many of the foreclosure or bank owned homes have had multiple offers and seem to be rapidly drying up under $250,000.

 

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

 

 

Sun Valley/ North Reno Area:

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North Valleys Area:

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Northwest, Somersett & Verdi:

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Southeast Reno, Double Diamond & Damonte Area:

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Sparks to Mustang Ranch, I-80 Area:

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Sparks Suburban & Spanish Springs Area:

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Washoe Valley, Foothills & Virginia City Area:

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Southwest & West Reno:

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