bank owned: 2 Days on The Market- 19 Offers !! CRAZY....
- 04/05/12 03:18 AM
Yes, our market has changed this quick. Our client looked at a home in NW Reno the first day on the market, it was listed under $125k. It looked nice, he wrote an offer ( over asking price, all cash) and we just got the call from the listing agent, Sorry, we had 19 offers and your buyer did not get the home. The severe lack of inventory is really heating our market up. All this is due to the horrible foreclosure law that passed in Nevada at the end of 2011. Foreclosure filings in Nevada almost came to a stop after the law went into … (2 comments)
bank owned: 4br-2965sqft - GREAT BUY IN ARROWCREEK ( South Reno, NV) ON HALF ACRE LOT
- 02/24/12 06:07 AM
WOW- This may be one of the best deals in Arrowcreek !! Over a half acre cul-de-sac lot. Travertine floors, Large Kitchen, Granite counters, glass tile backsplash and cherry cabinets. City, Valley, Mountain and Golf Course Views. Price started at $475,000, Just Reduced to $399,000, You Must See This Home, It will not last at this price !! Call today ArrowCreek is a gated 3,200 acre master-planed golf community located in the foothills of southwest Reno. World-class resort style amenities is what sets ArrowCreek apart from other communities in the Reno area. ArrowCreek offers two 18-hole championship golf courses. … (0 comments)
bank owned: Bank Owned Homes No Longer Dominating the Reno/Sparks Nevada Market!!
- 02/24/12 02:25 AM
Over the past several years, our local market has been flooded with bank owned properties. Throughout 2010 and 2011 our market had an endless supply of REO listings hitting the market daily. If we had a buyer looking for a certain area/floor plan, there would be several bank owned homes to pick from. 2012 is turning out to be a very different story. Looking at our local MLS today tells it all by the numbers. Looking at all active listings available in our area there are only 243 bank owned homes available, BUT 1298 active regular or traditional sales. WOW… The … (0 comments)
Yes, our market has changed this quick. Our client looked at a home in NW Reno the first day on the market, it was listed under $125k. It looked nice, he wrote an offer ( over asking price, all cash) and we just got the call from the listing agent, Sorry, we had 19 offers and your buyer did not get the home. The severe lack of inventory is really heating our market up. All this is due to the horrible foreclosure law that passed in Nevada at the end of 2011. Foreclosure filings in Nevada almost came to a stop after the law went into … (2 comments)
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