Fernley, Nevada A First-Time Home Buyer Tax Credit Success Story - 03/31/09 03:57 PM
 

 
Everyday the newspapers are filled with troubling statistics on the economy and foreclosures. Sometimes it is hard to find any good news at all.  Let me tell you about a success story, a recent transaction that I had representing the buyers Justin and Nickia.
The young couple with their two children were looking to purchase their first home.  The timing was right, home prices were at an all time low, and interest rates made owning a home an affordable option.
The couple easily qualified for a USDA Nevada Bond Program loan which meant no money down and  a … (6 comments)

Fernley, Nevada Real Estate and Home February 2009 - 03/01/09 10:13 PM
Sales continue to be very robust in Fernley.  Even though we lead the area in foreclosures, the sales activity has been very good.  Many of the sales have been "cash" sales.
For the month of February 2009 there were 36 homes sold.  Of those 7 were at the golf course community and ALL seven were bank owned homes. 
High list price $179,000   Low list price $109,900,   Average List price $133,085   Median $122,500
Sales price     $176,000   Low sale price $105,000  Average sale price $131,828  Median  $122,500
You can see the bank owned homes are very well priced and selling within a few … (0 comments)

 

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