Real Estate Blog

The 4 Most Important Features for Buyers

Updated Kitchen and Bathroom

This is probably not breaking any news, but buyers love modern/up-to-date kitchens and bathrooms. Whether that means all stainless steel appliances, brand new cabinetry, a waterfall shower, or all of the above, making sure your kitchen and bathrooms are up to snuff will pay off big time. Unsurprisingly, 81% of real estate professionals said that their buyers viewed updated kitchens and bathrooms as vital home components.

Open Floor Plan

Everyone knows open floor plans are in demand these days, but did you know that 59% of real estate professionals polled said that it was one of the most important features for buyers? If you really want to commit to this ideology, perhaps you’ll consider taking out a non-essential…

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Featured in NNBW: 'Slight Shift' to buyers' market seen in Northern Nevada

The sudden surge in mortgage interest rates has all but scuttled the once-trendy mortgage refinance business at some regional banks, and it’s also created a much-needed buffer for prospective homebuyers scouting the market for suitable properties.

In June 2021 the average mortgage interest rate was a historically low 2.98 percent. This June interest rates spiked to 5.83 percent – a jump that translates into $1,000 more in monthly mortgage payments for the median home price of $557,250 in Greater Reno- Sparks, said Sarah Scattini, president of the Reno-Sparks Association of Realtors. At the lower interest rate, the mortgage payment for a loan of that size would be $2,343. That same home loan cut last month would be around $3,300 a month.

Current…

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The latest Northern Nevada Real Estate Market Stats for June 2022

Here are the latest market stats for Reno, Sparks, Carson City, Minden, Gardnerville and Topaz and other Nothern Nevada areas.

These stats reflect what has happened in the market up until the end of the previous month (June 2022).  Market stats for July will be sent to you in the middle of August

If you'd like an even more local report on real estate in your neighborhood, please reach out to me via social media, text, email or phone and let me know you'd like a Homebeat. I'll send you monthly updates on what is happening right in your neighborhood.

Please note that the arrows represent an up-or-down in the values, not whether it is 'good' or 'bad'. For example, days on contract may show a red arrow but that means that properties are selling faster than…

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'Slight Shift’ to Buyers’ Market Seen in Northern Nevada

Published in the Nevada Appeal

The sudden surge in mortgage interest rates has all but scuttled the once-trendy mortgage refinance business at some regional banks, and it’s also created a much-needed buffer for prospective homebuyers scouting the market for suitable properties.

In June 2021 the average mortgage interest rate was a historically low 2.98 percent. This June interest rates spiked to 5.83 percent – a jump that translates into $1,000 more in monthly mortgage payments for the median home price of $557,250 in Greater Reno-Sparks, said Sarah Scattini, president of the Reno-Sparks Association of Realtors. At the lower interest rate, the mortgage payment for a loan of that size would be $2,343. That same home loan cut last month would be…

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Just Listed! 3111 Cashill Blvd

This perfect, turnkey unit is in a fantastic location in Southwest Reno. With 2 bedrooms and 2 bathrooms, the unit has a front private paver patio and a rear wood deck.

The home has upgraded flooring(luxury vinyl plank), new windows, a new patio slider door, a newer furnace, A/C, and a new water heater. The seller is also including the washer, dryer, and refrigerator. This unit is in great shape! Reach out for details or to schedule your tour.

3111 Cashill Blvd

$310,000

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Reno-Sparks Home Trends June 2022

In June 2019, Reno/Sparks Median Home Prices hit a record high at $400,000. 3 years later (in the midst of much uncertainty) Median Sales Price in Reno/Sparks is $549,900. Perspective is key when looking at the market overall. Keep in mind that all stats are compiled after closing, which can be 30-60 days after contract, so there is a lag in data. 22

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How to Refinance a VA Loan

The benefits of a mortgage-backed by the Department of Veterans Affairs continue beyond the day your loan closes. You can lower your rate, tap into your home’s equity or even bring your conventional loan into the VA program by refinancing.

Two types of VA refinances

You can refinance your VA loan in two different ways:

• With an interest rate reduction refinance, also known as a VA streamline.
• With a VA cash-out refinance.

Interest rate reduction refinance loan

The interest rate reduction refinance loan “is envisioned as a low-impact, no-frills refinance that exists to get veterans into a lower interest rate,” says Chris Birk, director of education with Veterans United Home Loans in Columbia, Missouri.

To refinance into an IRRRL,…

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Just Listed: 2785 Peavine Creek Road, Reno

This rare single-level home features 4 bedrooms plus an office in Canyon Pines. The spacious backyard is truly an oasis, perfect for entertaining or just taking in the mountain views. Relax in the swim spa or enjoy a meal al fresco in the shade beneath your Alumawood pergola. The low-maintenance backyard has plenty of space for your hobbies, yard games, or just enjoying your privacy. In addition to being exceptionally well-maintained, this home is nicely updated with engineered wood floors, upgraded cabinetry, kitchen sink, kitchen faucet, kitchen appliances, and new paint in 2021. The kitchen has plenty of storage and even has an updated faucet. The primary bedroom is ideal for relaxing comfortably and features built-in closet organizers. Even the…

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Sparks Food and Drink Week 2022

Sparks Food & Drink Week is a community event designed to support and celebrate the local food and drink community and to encourage locals and visitors to try new places during this week and, hopefully after having an excellent experience, revisit throughout the year.

Sparks Food & Drink Week runs from June 8-15, 2022.

How Does Food & Drink Week Work? 

• Follow Reno Food & Drink Week on social media: Facebook | Instagram | Twitter and Sparks Food & Drink Week on social’s media: Facebook | Instagram | Twitter
• Like. Comment. SAVE. Share.
• Subscribe to Hungry News (subscribe between NOW and June 1 to receive a raffle entry)
• Check out the list of participants and their menus — Reno Menus | Sparks Menus and start planning out your weeks
• If…

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7 Ways to Cover the Cost of Emergency Home Repairs

If you’re a homeowner and your water heater hasn’t gone out yet, just wait. They bust a seam or spring a leak or otherwise go on the fritz every 10 years, give or take. So you’ve got that to look forward to.

Unexpected home repairs are financial dings that never come at a good time. Water heaters are actually the least of your concerns; usually a few hundred bucks later you’re back to your hot showers. But a new furnace, air conditioning unit or roof — now we’re talking big-money repairs that can easily break your budget.

A recent survey by HomeServe USA reveals 25% of homeowners don’t have savings set aside for major household repairs. Nearly half of homeowners (48%) have had an emergency home repair in the past 12 months, according to the same…

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