Tag Archives: short sales

How long are short sales taking these days?

That’s a question I get asked almost daily? My usual answer is that the time required for short sales can very greatly, but that typically buyers can expect to wait two to three months to receive a response from the … Continue reading

Posted in short sale | Tagged | 4 Comments

What becomes of pending sales?

Today we begin a 90-day analysis of the current pending sales in our market in order to see what proportion result in a closed transaction. Longtime readers will recall that I have performed similar studies in the past — see … Continue reading

Posted in Agent Insights | Tagged , , , | 1 Comment

How long do you have to wait (after a short sale/foreclosure) to get a new loan?

A reader of the blog recently asked, “How long would a person who had a foreclosure and/or a short sale have to wait to reacquire a good enough credit score to again be able to qualify for a loan in … Continue reading

Posted in Foreclosures | Tagged , | 19 Comments

Bank-owned properties all the rage

The graph above shows the proportion of monthly sales made up of bank-owned properties over the past few months. [Note: I would have pulled data farther back, except the fields denoting bank-owned and short sale had only been recently introduced … Continue reading

Posted in Agent Insights, Market Trends | Tagged , , , , , , , | 24 Comments

Reno Sparks Real Estate Market Update

Sales in October 2008 were up 26% from the year prior. The under $300K range continued to perform, again dipping below the $200K average price point for the second time this year to $193,644. Activity in the $300K-500K category dropped off … Continue reading

Posted in General, Market Trends, Market Trends, Reno, Sparks | Tagged , , , , , , , , , | 12 Comments

Reno Sparks Real Estate Market Update

Sales in September 2008 were up 2% from the year prior. The under $300K range gained some ground as inventory dropped to 9 months’ supply, and the $300K-500K range held steady at 12 months’ supply. The $500K-1 million category improved … Continue reading

Posted in General, Market Trends, Market Trends, Reno, Sparks | Tagged , , , , | 5 Comments

Foreclosure & Short Sale Market Update

Leslie Henderson is a Realtor in our office who specializes in short sales and foreclosures. These are difficult transactions with lots of gotchas that frequently fail to close, but Leslie has a few tricks up her sleeve to help you … Continue reading

Posted in Foreclosures, General, Market Trends, Reno, Sparks | Tagged , , , , , , | 1 Comment