Reno, NV

It’s no secret that short sale listings have drastically increased in very little time. This increase can be blamed on a number of factors: rising unemployment, decline in home values, resetting ARMs, and the list can go on. What ever the cause, it appears as though Short Sale listings are going to be around for some time to come, and both consumers and agents should be aware of the challenges associated with them.

See the complete post: Short Sale Challenges

Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com

Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

I was showing property today. We went up to a very nice house. I opened the lock box. There were 2 keys. Neither one of them opened the front door. After a couple of minutes the buyer said "Next". This is the second time this has happened to me in the past month. How do agents expect to sell their listings if nobody can see the property? Or is this a way to make sure that they double end the sale?

Below are the market statistics for residential sales in Novmeber 2009. Please note the list to sale price of bank owned properties. They are still selling for at or over list price.

Why has Congress not extended a tax credit for second home buyers or investment property?

President Obama just signed the bill to extend the credit for first-time buyers and for buyers who buy a new primary residence with some restrictions.

Because of the state of the economy and the real estate market there are many vacant homes at incredibly low prices. If investors get back in the market and buy up some of this inventory it would have a dramatic effect. Why not give them some incentive? The market would start to come back, basic supply and demand, (guns and butter). Also people losing their homes would have more to rent.

Let's quit giving stimulus money to the banks that just buy other banks and get the economy back on its feet. Until the real estate market makes a dramatic shift up we are all in for a long haul.

You can give thanks through charity this week. Here are just a few of the places accepting donations in the Reno area:

• Food Bank Drop-Off - River's Edge RV Park (1405 S Rock Blvd, Sparks), 8am-5pm. Non-perishable food items only, please.
• Big Brothers Big Sisters Clothing Drive - Air National Guard (1776 National Guard Way, Reno), 9am. Gently used clothing and small household items (pots, pans, books, tools, etc). Donations accepted through December 18, 2009.
• Operation Christmas Child Shoebox Drop-Off - Comstock Community Church (465 South C Street, Virginia City), 11am. Please include $7 with each shoebox to cover shipping costs.
• Thanksgiving Pet Food Drive and Pet Adoption Days - Nevada Humane Society (2825 Longley Lane #B, Reno), 11am. Please bring non-perishable and unopened cans of dog and cat food. Continues through November 25, 2009.
• Coat Collection for Boys & Girls Club - Bully's Sports Bar & Grill No. 6 (5162 Meadowood Mall Circle, Reno), 5pm. Donations of gently used coats, jackets, hats and gloves will be presented to the Boys & Girls Club during its Thanksgiving Eve dinner. Accepting donations through November 25, 2009.

Fo all of the residents in the Reno area, please show your thanks by giving to charity this week. Every little bit helps. Thanks!

Charlene Hamilton, your Reno relocation specialist