Michael & Belinda Jackson's (renonevadarealestate) Blog

After helping a buyer search for the perfect home over the last few weeks we found the one ! It's a great bank owned home that is a really good fit for this buyer. BUT it is in the price range where it had 12 or more showing in the first 2 days on the market. So... How many offers will it get? an...

We are representing a buyer now on a short sale and the first time we looked at the home the sellers were in the process of moving out but were not 100% out. Our buyers liked the home, wrote an offer that was accepted by the seller and now we are going through the fun process of trying to get len...

Agents have all wondered if the buyer pool will go down after the tax credit expired the end of April? Will buyers sit back and wait for the next tax credit or next big incentive to buy? Belinda and I have wondered about that to. What will happen in the Reno area? We have kept a good eye on our l...

I am sure several of you watched the 60 minutes program last night that showed the segment on just walking away from the house. The program interviewed several home owners that have made a decision to just walk away from their home. The home owners were all over $100,000 upside down and after try...

Living in Northern Nevada where we get our share of winter, it is SO nice to have that sun out daily now. We all know Spring and summer are a peak time for buyers to purchase that dream home. I think this year it is even more true. We had some heavy snow in the mountains this winter and it will b...

I know we are still in a buyers market and to get more even we need less supply, but the inventory levels in our area are just not enough for the buyer demand. Sure buyers want that "deal" but just today I was searching for a buyer in her price range and very very little that will fit her needs. ...

We went with a buyer today to show a new short sale listing in Reno. It was the first day on the market and the price seemed very low for the area of town but we thought it may be in bad shape or whatever. When we pulled up to the house, it looked very nice. Before our buyer showed up I called th...

I have had a number of conversations lately with sellers that are asking this same question. Is it really worth it? Should I even bother doing a short sale? Several of these sellers have already meet with attorneys that don't really like the short sale option. As an experienced short sale listing...

If we get a call from an agent doing a BPO or an agent that wants to show one of our listings, we treat them just like a client of ours. Be nice, you just might need that agents help in the future. I will never understand agents that treat other agents like crap. What are they thinking? This is a...

As we all have heard for weeks now, the first time buyers tax credit expired today. The big question on every agents mind is, will they still buy?, will the market slow down? I think the market will slow down for a very short time. It won't take buyers long to figure out that they can't rent a ho...