What does it take to be ready to act in this market? Michelle from New American Funding is here to discuss. Today, I’m here with Michelle Piccinini from New American Funding to talk about market inventory. How can you be offer-ready in this market? According to Michelle, being offer-ready refers to the low amount of inventory we’re seeing in the ma…

What’s been going on in our local market? It’s time to take a look at our latest market update. What’s been going on lately in our Reno/Sparks area real estate market? It’s time for another market update. Last month, there were 439 sales at a median price of $370,000. There are currently 526 homes on the market. This constitutes about 1.25 months’ …

Let’s talk about what’s going on with interest rates today. As always, the subject of interest rates is something that’s on everyone’s minds. So today, we’d like to bring you an update on what’s going on. There has recently been a steady rise in interest rates. When the government shut down in 2013, we actually saw a positive impact on rates. This …

Interest rates, the new tax plan, inventory levels, and rate increases for both vacancies and rentals will all have a significant impact on our market in 2018. There are a few factors that will impact how our market performs in 2018 that you need to be aware of. The first is interest rates. If the Federal Reserve raises interest rates four times li…

Loan limits are being increased in Washoe County, which is good news for both buyers and sellers. Here’s why. Big changes are happening with loan limits in Washoe County this year. Basically, these changes will give you more of an opportunity to secure an FHA, VA, or conventional loan at higher price points. Currently, the maximum loan limit for Fa…

Today, Michelle from New American Funding will discuss both rates and what items you’ll need in order to get pre-approved to purchase a home. Today I have with me a special guest, Michelle from New American Funding, to talk about rates and the items you’ll need in order to get pre-approved. Michelle, how are the rates? The rates are good! I feel li…

Today, I’ll be talking about things move-up buyers will need to know when undergoing the process of selling their house in order to buy a new one. The topic I’d like to discuss today is about selling a home in order to buy a home. Realtors call this kind of buyer a move-up buyer. There are a lot of reasons why someone would want to sell their home …

When buying a new construction home, don’t let the builder’s agent automatically talk you into letting them represent you and using their lender. There are a couple important things you should know about new home construction and the lending process that goes with it. The agents who represent the builders don’t represent you. If you were to use the…

Here’s what you can expect from the Reno market this fall whether you’re buying or selling. Our market typically peaks in July and August, and 2017 was no different. Right now, the Reno market is starting to slow down. Here’s what that means for buyers and sellers. For sellers, it means that you’ll have much less competition if you list your home t…

It’s time for a market update. But, what do these numbers mean for you? It’s time to take a look at what’s going on in our local market. To start, Reno/Sparks has about 895 homes for sale right now. This number has closely to do with months of supply, which can greatly influence the market. Last December, 523 homes sold in our area—which translates…

New American Funding has just announced an amazing new home loan option designed for first-time homebuyers in the Reno area who don't have as much money for a down payment as they'd like. New American Funding has a new home buying program hot off the press that we wanted to share with you today. This program is designed for first-time homebuyers an…

Thinking about selling your house this season? You’ll want to consider these three things before listing it for sale. As we reach the time of year when it gets warmer, you might be thinking about listing your house for sale. When preparing your house for the market, consider these three things: 1. Curb appeal: This includes everything from the fron…

If you went through a bankruptcy, short sale, or foreclosure, Freddie Mac is going to make it easier for you to buy a home starting June 1st, 2017. Today I’m here with Michelle Piccinini from New American Mortgage to talk about some changing lending guidelines. As you know, 2008 through 2012 were difficult years for our market. If you went through …

The perception of the home buying process you get from sites like Zillow is vastly different from the reality of buying a home. When you look at homes on websites like Zillow, unfortunately, there's a big gap between perception and reality. Joining me today to help explain what I mean is Michelle Piccinini from Movement Mortgage. The biggest miscon…

Inventory is incredibly low in our market right now, which impacts buyers and sellers differently. Inventory in the Reno/Sparks area is incredibly low. Right now, there are 865 homes for sale in all price points, from $14 million to $70,000. The median price is at $440,000, which is pretty high. Low inventory impacts buyers and sellers differently.…

How has our real estate market changed in the last year? What’s happening so far in 2017? I’ll answer those questions for you today. Today I want to give you a look at our real estate market in terms of what’s changed and what we can expect going forward in 2017. Right now there are about 895 homes for sale in Reno, and in December of 2016, we sold…

What benefits do sellers get by listing in the winter? Today I wanted to outline the top three for you. Happy New Year! I hope you had a wonderful holiday season with your family and loved ones. Now that 2017 is in full swing, I wanted to take a moment to talk about selling your home during the off-season—the wintertime and the springtime. If you'r…

In the wake of the election results, we saw an increase in interest rates. Our preferred lender is here today to let you know what else to expect in the coming months. In the aftermath of the election, everyone has been asking us about mortgage interest rates. People want to know where they are at now, and where they might be headed in the future. …

Are you getting ready to put your house up for sale? These three tips will help you get your house ready for the market. If you're selling your house, there are three important things you can do to prepare it for the market. The first thing you should do is look at your home from a buyer's perspective. You want great curb appeal, so make sure your …