About Washoe County, NV

I know I'm not a woman but a good Broker friend of mine is a member of the Zonta Club of Greater Reno and they are hosting these years International Women's Day here in Reno. I am attending as an exhibitor and will be on hand with Home Inspection and Energy Audit information.

This year’s event will be held at the National Automobile Museum in Reno on March 8^th. The cost is $65 and includes entertainment, food and a drink. The proceeds go towards scholarships for women.

While this event is about International Women's Day Men are encouraged to attend, after all it is at the Auto Museum. There is no reason to not support this cause and you don’t want to miss an opportunity to stop by and chat with me.

Registration and more information can be found here on Zontas flyer.

The Temporary Payroll Tax Cut, signed by President Obama, didn't come without compromise. The tax cut is being covered by an increase in "G-fees" or guarantee fees of 10 basis points imposed on all Freddie, Fannie, and FHA loans.

What does this mean for the consumer? Plan on an increased rate of .125% and an increase of the annual mortgage insurance premium by 1/10th of 1% for FHA loans.

Doesn't sound like much right? Let's look at what happens to your monthly payment...

For a loan of $200,000 the increase of .125% would equal $250 more per year in interest or $7,500 over 30 years. An FHA loan would be increased by $4,200 over 30 years.

The rate can be bought down by the home buyer but most people looking to get an FHA don't have the cash to do it.

The increase officially begins on April 1st, 20, most lenders have already changed their rate sheets to reflect the increase, and ends on October 1, 2021. Yes, it says 2021.

For more information on FHA loans or buying a home in Reno and Sparks feel free to contact me at (775) 750-1437 or Ricky@Resnv.com

During some recent Energy Audits I discovered several areas in a home that were missing insulation. It is common to discover that there is no insulation on the attic access but that 2x2 area was pretty minor to some of the larger areas I’ve found recently.

On occasion insulation can fall out of place or may have been removed during a renovation. There are also times where it was never installed in the first place. You may wonder how that happens, I wonder the same thing. Some of these areas are discovered during a visual inspection but there are areas not always visible. For these areas the Thermal Imaging Camera is able to detect these areas. Small areas of missing or improperly installed insulation add up. Imagine the amount of energy that is lost from a large area of missing insulation.

The Energy Audit process is designed not only to save energy but to make a home more comfortable. A cold spot in the house can be a sign of missing insulation but there are so many other factors. An Energy Audit here in the Reno area can not only find issues that waste energy but also ones that make the house less comfortable to live in.

On the short sale list we have 1 new listing, 6 price reductions, 3 new escrows and 2 solds to report. The condominium listed at 807 Alder #67 for $172,500 sold for $155,000 on 01/31/2012. The listing at 807 Adler #81 listed at $139,000 sold for $120,000 on 01/26/2012.

On the REO list there are 2 new listings to report and 1 sold. The home at 597 Ponderosa listed for $358,370 sold for $402,000 on 01/30/2012.

Denise Cash 775.691.3844 Ken Cash 775.691.3855

DeniseCash@TahoeLiving.com KenCash@TahoeLiving.com

www.TahoeLiving.com

Incline Village Condominium/PUD Short Sale Listings

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940064 870 Southwood 3 $119,000 P 2 1 ½ N 1040

940104 945 Harold Dr. 1 $125,000 A 2 1 N 782

939687 989 Tahoe Blvd. 64 $165,000 A 3 2 N 1649

940182 801 Northwood 3 $165,000 A 2 1 ½ CP 960

939903 333 Ski Way 257 $175,000 A 1 2 CP 1062

940153 599 Crest Lane 33 $179,000 A 2 2 N 1120

939628 321 Ski Way 3 $184,900 P 3 2 ½ N 1280

940019 837 Southwood 24 $185,900 P 3 2 N 1332

110008157 845 Southwood 61 $189,000 A 3 2 ½ N 1332

940132 702 College 82 $224,900 A 3 2 N 1120

940204 1312 St Galen $295,000 P 3 2 ½ N 1688

940122 978 Glenrock 52 $297,700 A 3 2 ½ N 1440

940266 908 Harold 23 $299,000 A 2 2 2 1452

940058 998 Driver 5 $349,000 A 2 2 N 1499

940237 4 Calaneva Dr 11 $349,000 A 2 2 ½ 1 1435

937825 1208 Styria $375,000 A 3 2 N 1568

940057 931 Incline Way 234 $425,000 P 2 2 1 1089

937846 978 Glenrock 59 $510,000 A 3 2 ½ N 1596

939647 844 Rosewood Circle $875,000 A 4 3 ½ 2 2674

Incline Village Single Family Home Short Sale Listings

939893 573 Sugarpine Dr $361,309 P 3 2 ½ 1 1582

939701 422 Valerie $375,000 P 3 2 N 1392

940097 940 Wendy Lane $419,000 A 4 3 2 2480

940223 984 Tyner Way $424,900 A 4 2 ½ 2 2036

940156 382 Country Club $475,000 A 3 2 1 1596

940117 640 Tumbleweed $479,000 P 3 3 2 2245

940221 550 N. Dyer Circle $479,000 P 3 2 2 2116

The above list is accurate as of February 5, 2012 as reflected in the Northern Nevada Regional

and Incline Village Multiple Listing Services. Prices & availability are subject to frequent change.

Denise Cash 775.691.3844 Ken Cash 775.691.3855

DeniseCash@TahoeLiving.com KenCash@TahoeLiving.com

www.TahoeLiving.com

Incline Village Single Family Home Short Sale Listings

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940205 327 Winding Way $499,000 P 3 2 ½ 3 2677

940171 631 Village $499,500 A 4 2 2 1912

939848 985 Wedge Ct $510,000 P 3 2 ½ 2 2592

939996 572 Lucille Dr $519,000 P 3 2 2 1688

940225 632 Woodridge $549,000 P 4 3 2 1864

940217 466 Winding Way $620,000 A 3 3 ½ 3 2802

110011033 522 McDonald Dr $644,900 P 4 4 ½ 2 3282

940061 542 Spencer Way $649,000 P 3 3 2 2172

940251 338 2^nd Creek $649,000 A 3 3 2 4000

940299 985 3^rd Green Court $675,000 A 3 2 ½ 2 1864

940279 732 Betty $675,000 A 3 2 2 1682

939151 968 Granite Ct. $699,900 P 3 3 ½ 2 2351

940311 1057 Mill Creek Road $739,000 P 4 3 ½ 3 2430

939781 519 Ponderosa $1,349,000 A 6 5 ½ 3 5517

940113 550 Fairview $1,849,000 P 4 5 ½ 2 6746

940077 689 Tyner Way $1,999,000 A 6 7 ½ 3 6146

70020699 250 Northlake $3,500,000 P 4 3 ½ 2 3039

Incline Village REO Condominiums/Townhomes

MLS# Address Unit List Price Status Bed Bath Gar SqFt

110013626 335 Ski Way 302 $166,500 P 1 2 CP 1064

940307 820 Oriole Way 51 $224,900 A 3 2 ½ 2 1440

110016028 700 College 35 $225,900 P 3 2 N 1120

110015447 880 Golfers Pass 3 $239,900 P 3 2 1 1470

110015366 120 Country Club 12 $314,900 A 2 2 ½ N 2208

Incline Village REO Homes

940164 910 Harold Dr. “C” $279,900 P 3 2 ½ 2 1576

940252 966 Little Burro Ct $550,000 P 3 3 2 2429

110015817 917 Michael Ct $609,000 P 4 3 2 2618

120001293 658 Tumbleweed $808,000 A 4 2 ½ 2 2912

The above list is accurate as of February 5, 2012 as reflected in the Northern Nevada Regional

and Incline Village Multiple Listing Services. Prices & availability are subject to frequent change.