Buying A Home In Reno:
It's the biggest financial investment of our lives. Yes, we need to study and prepare (tips and graphs below). But in my experience, it can also be a fun process of finding the "one". I hope you find the one ;)
A friend of mine who used to build houses told me "I don't know how to build a house for under $75/square foot."
Yesterday, a client of mine turned down an offer to buy a condo for $60/ square foot.
There are good deals out there, specially in the $200,000 and below market. Be careful though because contrary to popular belief, there is big demand in this market (first time home buyers, investors):
Reno real estate demand: five years
While supply of homes in Reno is at five year low (since I started tracking the numbers):
Back in 2006, people were hoping when it was time to fear. Now, my gut tells me people are fearing when it's slowly time to hope. It doesn't mean to go all out and buy, buy, buy. But we need to open our eyes for good deals. There are many homes out there that will rent for more than the what you're paying for mortgage. That's always a good sign.
When the market started going down in late 2005, I did not hear of one home that can create a positive cashflow for you against the mortgage. Everybody was betting on future "equity". Bad, bad, bad. Investment is a calculated risk. Ask questions, know the area that you're moving to, hire a good realtor. But ultimately it's going to be you who'll know what's best for you. I'm just here to guide you in whatever way I can.
If you want a more detailed market overview of an area you like, you can contact me.. (jsalcedo@chaseinternational.com / 775-338-7649)
Quick links to help buyers in Reno:
Buying or Selling a home?
Benefits of working with Joe:
Character
- Peace of mind: knowing that your agent looks out for your best interest. Joe will tell you the truth whether it benefits him or not. Intellectual honesty.
- Someone who cares: Joe has writen over 300 articles in the last 3 years, helping hundreds of people make the best possible decision in buying/selling homes in Reno-Sparks.
- Community: Oversees the Fil-Am basketball league that aims to encourage active lifestyle for teens.
Skills
- Market knowledge: studied and followed the Reno-Sparks real estate market since 2006 (median prices, supply & demand and months supply of inventory).
- First Class Marketing: has a marketing team behind him to help sell your home, has exclusive affiliations with LuxuryRealEstate.com, Leading Real Estate Companies of the World (RELO), Luxury Portfolio, Chaseinternational.com (most visited site in the Tahoe/Reno area) and commitment in using first class advertising and branding material to market your home.
- Negotiating: has successfully negotiated a hundred deals since 2005. Uses market knowledge to leverage negotiations (buyers/sellers market?).
*Note: Some affiliations require a minimum selling price of home.
"Only first class business, and that in a first class way."
"Joe was prompt, thorough, accurate, reliable, helpful and encouraging. It's people like him who make you want to come back for future business" - Chad Henton, Omgeo LLC
"If there is someone who should have listened to Joe but didn't, it is I. Joe told me I needed to sell by summer 2007, I thought the market was going to get better and decided to do otherwise. Learn from my lesson even if you don't agree with him, listen to what he has to say. You will not be disappointed." - Emily Abadia, Accountant
Click here to Learn more about Joe.
- Reno-Sparks Market back to the future:2005
- How to win in The Reno-Sparks Real Estate Market: Existing Home Sales
- Hard Lessons Learned in the Reno-Sparks Real Estate Market- April 12,2007
- Sparks Single family Residence Sales: 2006 VS 2007
- When sadness is a good thing in the Reno-Sparks real estate market
| Customer Service: | 1800-279-0328 Ext. 300 | Email: | jsalcedo@chaseinternational.com |
| Office Address: | 985 Damonte Ranch Pkwy. Ste. 110 Reno, NV 89521 |
Disclaimer: All information in this Blog are deemed reliable but not guaranteed. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions."