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Posts Tagged ‘reno realtor’

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 homes for sale that have been foreclosed on-Reno REOs-Bank Owned in Reno

Reno foreclosure homes list

Click to continue reading “Reno homes for sale that have been foreclosed on-Reno REOs-Bank Owned in Reno”

Reno Bank Owned Homes Free Hot Sheet no sign in

Enclosed below this paragraph are all of the Reno, NV Nevada¬†bank owned homes, Reno, NV¬†Nevada¬†foreclosure homes since our last update.¬† These are Reno Bank owned 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 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        Living Space  Bedrooms # 

$36,900.00 13292  Mount Whitney Street Reno-Stead  1187                 3 

$49,900.00 11183  Green Mountain Reno-Stead          1276                  3 

$66,200.00 1525  Oliver Reno-North                           1296                  4 

$68,900.00 2775  Stine Way Sparks                             1044                  3 

$77,300.00 6840  Flower Street Reno-Stead                1190                  3 

$79,900.00 1388  Butler Reno-North                          1056                   3 

$115,830.00 1835  Lousetown Virginia City Highlands1760                 3 

$118,500.00 6070  Ingleston Drive #1124 Sparks-Suburban 1064       2 

$119,000.00 220  JOHN EUGENE Court Reno-North    1228                  2 

$119,900.00 1912  Greenbrae Drive Sparks                 1760                  3 

$124,500.00 10605  Red Rock Road Reno-Silver Knolls 1654               3 

$124,900.00 1105  Autumn Hills Drive Reno-Donner Springs 1641     3 

$130,000.00 3025  CABALLO DR Reno-Donner Springs 1248               3 

$134,900.00 1081  Still Brook Court Spanish Springs-South 1251       3 

$136,500.00 9650  Brightridge Drive Reno-Stead           1742              3 

$145,000.00 7430  REd Baron Court Reno-Stead             1727             3 

$145,000.00 16200  Fetlock Drive Reno-Rancho Haven 1320              3 

$149,000.00 2101  Escalera Way Reno-Northwest Suburban 1209       3 

$149,625.00 2952  Springland Drive Sparks-East            1826             4 

$155,900.00 3040  Attridge Place Reno-Old Northwest  1176              3 

$161,900.00 9135  Heritage Ridge Court Reno-Northwest Foothills 1440 2 

$189,000.00 4805  Sinellio Drive Reno-Hidden Valley   1646                2 

$212,500.00 5460  Siltstone Way Sparks-Suburban       2028                4 

$226,000.00 1715  California Avenue Reno-Old Southwest 2070          3

$239,000.00 8050  Highland Flume Reno-Northwest Suburban 2088    3 

$275,900.00 45  Stags Leap Circle Spanish Springs-East 3290              4 

$671,900.00 5280  Bellazza Ct. Reno-Southwest       3385                    5