Should you buy a foreclosure property in Reno, Nevada???

Currently, the housing market in Reno/Sparks is experiencing a high volume of properties on the MLS that are now owned by the Lender.  The property was foreclosed upon and the Lender took repossession.

                                

Generally these properties demand an asking price less than traditional sales. However, that also comes with a price to the Buyer.

These properties are sold in an "as-is" condition.  No repairs will be made by the Seller-Lender.The Buyer is encouraged to have a home inspection on the property.  Regardless of what is found, the Seller will make no concessions.  It is entirely up to the Buyer to accept the inspection or else to walk away from the purchase.  The Buyer must also waive their legal rights for other disclosures that are mandatory with traditional purchases.  Given all of that, and a complete understanding of foreclosures by a Buyer, there are some very good foreclosure deals to be found in this bad Market.

If you would like to receive a listing of foreclosure properties in the area, please just send an email to realtor@teamjewett.com  Subject line to read - List of Foreclosures.  Considering the volume of properties available, in your email please include:

Area - Southwest Reno, Cold Springs, Damonte Ranch, Spanish Springs, Sparks, Fernley, etc.

Price - What is the maximum price range that you qualify for in a purchase.

Size - three or four bedroom.  Single or two story.  Large lot or small lot.

Thank you.

Roger and Pat Jewett

Prudential Nevada Realty

775-857-1225

Reno, Nevada