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…

 

Please find below the Reno R.E.O.-Reno Bank Owned Homes- Reno Foreclosed Homes in the Reno /Sparks area for this week. The Reno, Sparks Bank Owned Home listings have been decreasing in most areas or remaining stable in just a few others over the past few weeks.  The good (Reno foreclosed/foreclosure homes) have and are getting picked through and the fixers/trashed have been sitting but now are starting to budge as the good ones (Reno foreclosure homes) evaporate rapidly.  Possibly some fixer opportunity on some of them but only for experienced re-modelers.  You need to have them ready to flip by July 15 at the latest to catch the summer rush.  The total Reno Bank Owned Homes-Reno foreclosure homes for this week is 244, down from 287 only a couple weeks ago. 

First time Buyers and California investors continue to duke it out daily via multiple offers sometimes 10 or more in hours when a prefered home/area (under 250K)  hits the mls.  It is 2004 all over again in respects to multiple offers.  You need to have signed offers ready to fax/email out and offer about 2-8% higher in many cases.  Some investors are getting out with some nice 30% + returns who caught this rally early. 

Shop wisely, there are still some hidden traps out there however!  My model has gone from a buy to strong buy (<250K) in about 65% of the areas in Reno.  I still have a hold on a few areas unless it can be bought at 50% off bank prices.  We continue to ramp up to handle the onslaught of Buyer’s and can help you anytime.  We answer and return e mails in a timely manner and know how to deal with the Bank owned foreclosure agents who have hundreds of listings.  This is not my first rodeo, I did a lot of this back in the 80s but on a smaller scale of course.

 

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

 

 

Sun Valley/ North Reno Area:

Click Here To View Sun Valley & North Reno Listings

 

North Valleys Area:

Click Here To View North Valley’s Listings

 

Northwest, Somersett & Verdi:

Click Here To View Northwest Reno, Somersett & Verdi Listings

 

Southeast Reno, Double Diamond & Damonte Area:

Click Here To View Southeast Reno, Double Diamond & Damonte Listings

 

Sparks to Mustang Ranch, I-80 Area:

Click Here To View Sparks To Mustang Ranch, I-80 Area Listings

 

Sparks Suburban & Spanish Springs Area:

Click Here To View Sparks Suburban & Spanish Springs Area Listings

 

Washoe Valley, Foothills & Virginia City Area:

Click Here To View Washoe Valley, Foothills & Virginia City Listings

 

Southwest & West Reno:

Click Here To View Southwest & West Reno Listings

The total bank owned homes for Northwest Reno, Somersett and Verdi area is 32, down around 10% from 36, it has been decreasing on a regular basis.

 

Below are the North Reno & Sun Valley bank owned homes- foreclosure homes. For North Reno & Sun Valleyforeclosure-bank owned homes this week, the total is 30. The listings have been decreasing in the past few weeks.  The total Reno bank owned homes-foreclosure homes for this week is 329. 

 

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

 

Click Here to View Listings

Below are the Reno Southwest & West bank owned homes- foreclosure homes. The total Reno bank owned homes-foreclosure homes for this week is 422.

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

Click Here to View Listings

 

 

Please find the update of the North Valleys bank owned homes below.  After the past few weeks of postings, it looks as though the bank owned homes in the North Valleys have been decreasing over the last few weeks.   Currently, there are 150 bank owned homes in North Valleys.

 

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

 

 

Click Here To View North Valley’s Listings

 

 

 

Please find the update of the Southwest & West Reno bank owned homes below.  After the past few weeks of postings, it looks as though the bank owned homes in the Southwest & West Reno have been remaining stable over the last few weeks.   Currently, there are 48 bank owned homes in Southwest & West Reno.

 

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

 

 

Click Here To View Southwest & West Reno Listings

 

 

 

Please find the update of the Washoe Valley, Foothills & Virginia City Area bank owned homes below.  After the past few weeks of postings, it looks as though the bank owned homes in the Washoe Valley, Foothills & Virginia City Area have been remaining stable over the last few weeks.   Currently, there are 11 bank owned homes in Washoe Valley, Foothills & Virginia City Area.

 

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

 

 

Click Here To View Washoe Valley, Virginia City & Foothills Listings

 

 

 

Please find the update of the Southeast Reno, Damonte & Double Diamond Area bank owned homes below.  After the past few weeks of postings, it looks as though the bank owned homes in the Southeast Reno, Damonte & Double Diamond Area have been declining over the last few weeks.   Currently, there are 54 bank owned homes in Southeast Reno, Damonte & Double Diamond Area.

 

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

 

 

Click Here To View Southeast Reno, Damonte & Double Diamond Listings