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Posts Tagged ‘sparks nv foreclosures’

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 :).

FORECLOSURE/BANK OWNED HOMES HOT SHEET Reno, Sparks

Free, no sign in, no catches, no graphics, search Reno NV Nevada, Sparks, NV Nevada bank owned homes, Reno, NV Nevada foreclosure homes, all available (no teasers that sold) since the last update.  (The Owner Financing/Lease Option Homes are the next posting) These are Reno, Sparks Bank owned homes AVAILABLE NOW as of posting.  The content is 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, drip marketing/calls 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.

(775) 750-5256

Price

Address

Area

Total Living Space

Bedrooms #

$65,900.00

565  Colby Lane

Reno-North Valley

1020

3

$73,600.00

518  E Taylor Street

Reno-Southeast

813

2

$77,900.00

970  Vine Street

Reno-Old Northwest

760

2

$85,000.00

11518  Sitka Street

Reno-Lemmon Valley

1737

4

$104,900.00

2660  Nicholette Drive

Reno-Old Northwest

1580

3

$111,000.00

1912  Greenbrae Drive

Sparks

1760

3

$120,000.00

3239  Bunker Hill

Sparks-East

2084

4

$135,500.00

6209  Walnut Creek

Reno-Northwest Suburban

1101

2

$145,000.00

16200  Fetlock Drive

Reno-Rancho Haven

1320

3

$147,000.00

10710  Osage Road

Reno-Silver Knolls

1260

3

$165,000.00

17884  Valecito Court

Reno-Cold Springs

2320

4

$189,900.00

1678  Springhill Drive

Reno-Northwest Foothills

2034

3

$219,900.00

2741  Albazano Drive

Spanish Springs-South

2779

3

$222,900.00

2015  Applegate

Virginia City Highlands

2408

4

$239,000.00

2305  Gatewood Drive

Reno-Northwest Suburban

1670

3

$253,900.00

6054  Torrington Drive

Reno-Southwest

2067

4

$260,370.00

1895  Carter

Reno-Southwest

3783

5

$299,900.00

21010  Ames Lane

Pleasant Valley

2128

5

$306,900.00

1420  Waterloo Dr

Reno-Southwest

2351

4

$309,800.00

3181  Ten Mile Drive

Spanish Springs-South

2651

5

$345,000.00

15  W Sunridge Court

Reno-Southwest Suburban

2304

3

$369,000.00

2718  Wind Feather Trail

Reno-South Suburban

2490

4

$384,120.00

4273  Muirwood Circle

Reno-Southwest

5408

5

$449,900.00

3190  Marthiam Avenue

Reno-Southwest

6623

4

$494,000.00

5760  Rue St Michelle

Reno-South Suburban

5316

5

$552,000.00

14900  NAPOLEON CT

Reno-Southwest Suburban

3884

4

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