Foreclosed Homes in Reno(Washoe County): An Easy To Understand Report (updated: Mar 22, 2010)

superb picture by: Quint Cobb

"SOLD!"

Foreclosures have been selling like pancakes (see: 2nd graph) since November of 2008.  As the graphs will show, it has gone up quite a bit.

I'm no longer surprised when my buyer's offer for a foreclosed home is in competition with two others (note: I wrote this back in 2008, even more true now). 

Once the foreclosures are priced right it is getting harder and harder to get a deal below asking price (I have made three offers above asking price).  Even before we show the foreclosed homes to our client, the home gets an offer the same day!

And it makes sense. Prices of homes have gone down to the point where more and more people can afford it.  Many of them have waited patiently for this time to come- and believe me, they are making offers left and right.

I want to show you what's been happening in the past year.  If you're willing to do a little bit of homework and an ounce of hard work.  Foreclosures can be a great deal!

Hope it helps:

Reno Home Foreclosures: Reno,Sparks. Washoe County NV

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Reno Home Foreclosures Sold: Reno,Sparks,Washoe County, NV

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                                "Call Joe (775-338-7653) to get the latest on Reno foreclosures."

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Updates: 5'th

Date:  March 22, 2010