Real Estate Blog - June, 2019

You Don’t Want To Miss These 10 Awesome July Events In Reno

With so many July events in Reno/Sparks, the Biggest Little City is busy! First, Artown brings more than 500 events, activities, performances, and workshops to Northern Nevada. Then, other major events such as the Biggest Little City Wing Fest and the Barracuda Championship fill the city with even more activities. Here’s a list of our top 10 things to do to Reno this July:

July Events in Reno/Sparks: Artown

• When: Monday, July 1–Wednesday, July 31, 2019
• Where: Various locations around Nothern Nevada
• More Information

For the entire month of July, Reno is Artown! Regarded as one of the most comprehensive arts festivals in the country by the National Endowment for the Arts, Artown has been embraced by the community since 1996. This arts…

499 Views, 0 Comments

Artown 2019

Reno is Artown. According to the Artown mission statement, "Artown’s primary goal is to encourage local artist participation and highlight the best performers in northern Nevada. Additionally, we exist to market and promote these arts events locally, regionally, and nationally as a premier arts festival. Artown, a month-long summer arts festival, features about 500 events produced by more than 100 organizations and businesses in nearly 100 locations citywide." 

Art is everywhere in Reno, and Artown celebrates all forms. Check out the calendar of events to see what dance, musical, theater, visual, literary, and film events are going on in July. 

2044 Views, 0 Comments

What is a Home Inspection and Do You Need One?

A home inspection is a visual inspection of a property, from foundation to the roof, by a professional home inspector. Most often, the inspection is part of the buyer's due diligence to make sure the home is safe and everything is functioning as it should prior to the purchase of a home.

Is a home inspection required? A home inspection may be required by your lender to qualify for a home loan. If you are not getting a loan, or if your lender doesn't require it, you do not have to have a home inspection. However, home inspections are highly recommended for your own protection. 

What do home inspectors look for? A professional home inspector who is certified by the National Association of Home Inspectors will look at the condition of the home,…

537 Views, 0 Comments

Active vs. Sold Report – Reno/Sparks – June 2019

Reno/Sparks area Realtors sold 670 single family homes in May, which was a 26% increase from April and a 16.5% increase since May of last year. May was the fourth consecutive month with an increase in sales after a relatively slow start to the year.

There were 1163 homes active on the market at the end of May, which was a 20% increase from April, and a 32% increase from May 2018. Over two-thirds of the available homes for sale on May 31st were priced below $600,000.

The median sold price for single family homes in Reno/Sparks rose by 4% over April, to $390,000. This was the third consecutive month of median price increases in the region. “Median” means “in the middle”, so half of homes sold for less and half sold for more. An annualized upward trend…

554 Views, 0 Comments

Mortgage Rates Hold at 2-Year Low

The 30-year fixed-rate mortgage averaged 3.82% for the week of June 13 Freddie Mac reported on Thursday. A 15-year-fixed-rate mortgage held at 3.26%, down slightly from 3.28%. We are almost halfway through 2019 and the 30-year-fixed-rate mortgage has shown weekly increases only 6 times all year. 

Fannie Mae's Mortgage Lender Sentiment Survey reports that, "The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations for both purchase and refinance mortgages." 

Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae, continues, "Lender sentiment regarding both recent and expected purchase mortgage demand growth across all loan types was the most…

526 Views, 0 Comments

What is Hardscaping? How You Can Use it in Your Yard

You might be considering a backyard renovation. Maybe you're planning to sell your home and want to make the outdoors pop. Maybe you're ready to move toward something more water-friendly than your current lawn. Hardscapes have been popular for decades, but those new to the style should have a plan for how to integrate these design elements. 

What is Hardscaping? 

Hardscapes are the non-living elements in your yard like a patio, flagstone walkway, or stone wall. Softscapes are ground cover, lawns, plants. Your yard likely already has both hardscapes and softscapes. 

How to Use Hardscaping

Since hardscaping includes nearly all non-living elements, your choices are limitless. Many homeowners opt to expand their patio or deck to create more…

524 Views, 0 Comments

Inventory & Percent of Sales Report – June 2019

As of May 31st, there were 1,163 single family homes available for purchase, which is a 20% increase over the last month. An even more sizable increase of almost 60% was realized since this time last year, providing needed relief to home buyers in our region. Sixty-nine percent of available homes are priced under $600,000.

For homes priced under $300,000, we only have 19 days of inventory, and for homes in the range of $300,000 to $600,000, inventory is 2.3 months. If you own a home in either of these price ranges, it is a very good time to sell with little competition in the marketplace. Inventory of homes priced from $600,000 to $900,000 is 4.8 months. The $900,000 to $1,500,000 price range represents the most balanced market with 5 months of…

585 Views, 0 Comments

Just Listed: 4905 Axe Handle Canyon, Reno

Looking for privacy on your own slice of heaven but also want convenience to Reno/Sparks? This completely remodeled 4 bedroom, 2 bath home is hidden away on 40 acres in Palomino Valley, just 20 minutes north of Reno/Sparks on an easy access Priority 1 Road in the Palomino Valley General Improvement District Road Network. You will have plenty of room for hobbies and toys in the massive shop with a sub panel and outstanding power options. Relax on the large covered deck with magnificent views/solitude.

4 bedrooms, 2 bathrooms

1,814 square feet

$539,000

4905 Axe Handle Canyon Road, Reno

Please call to schedule your private showing. 

555 Views, 0 Comments

5 Important Repairs to Make Before Selling Your Home

As a smart home seller, you want your home to be in show-worthy shape, but you don't want to spend an arm and leg to do so. They key is to make sure your return on investment into home repairs and updates make sense. Prioritize these key repairs to increase your home's value. 

1. Replace Flooring. Old, outdated carpet and scratched wood floors can make a home look poorly cared for. Opt for new carpet, a quality laminate, or even hardwood floors to give the property a fresh look and impress potential home buyers. 

2. Add Curb Appeal. Not only will your home's front yard give the first impression of the property, but if the lawn is full of dead patches, shrubs are overgrown, and weeds have taken over the planter, potential home buyers will start…

580 Views, 0 Comments