Ricky Beach, Managing Broker

High winds up to 66 mph hit the Reno area. My neighbor lost one tree in the front and one the back. Welcome Fall/Winter!!!

National Championship Air Races and Air Show

• www.airrace.org
• September 16-20
• 4895 Texas Ave
  Reno, NV 89506-1237

Event Schedule:

Thursday 17 Sept

TimeEvent

8:00	Biplane Heat (1A)
8:25	Formula-1 Heat (1A)
8:50	Break
9:00	Biplane Heat (2C)
9:25	Formula-1 Heat (2C)
9:50	David Martin
10:00	Sport Heat (1B)
10:25	Unlimited Heat (Medallion 1C)
10:50	Patty Wagstaff
11:05	T-6 Heat (Silver 1)
11:30	Sport Heat (1A) (Premier Demo)
12:00	Welcoming Ceremony
12:15	Smoke and Thunder (Red Eagles)
12:25	Unlimited Heat (Bronze 1B)
12:50	T-6 Heat (Gold 1) (Premier Demo)
13:20	Blue Angels Practice Show
14:55	Unlimited Heat (Silver 1A)
15:20	Red Eagles
15:35	Jet Heat (1A)

Friday 18 Sept

TimeEvent

8:00	Formula-1 Heat (2B)
8:25	Biplane Race (2B)
8:50	Break
9:00	Formula-1 Heat (2A)
9:25	Biplane Heat (2A)
9:50	Red Eagles
10:05	Sport Heat (2C)
10:30	Unlimited Heat (Bronze 2C)
10:55	Patty Wagstaff
11:10	T-6 Heat (Bronze 2)
11:35	Sport Heat (2B)
12:00	Welcoming Ceremony
12:15	Smoke and Thunder (Red Eagles)
12:25	Unlimited Heat (Silver 2B)
12:50	T-6 Heat (Silver 2) (Premier Demo)
13:20	Blue Angels Practice Show
14:55	Sport Heat (2A)
15:20	David Martin
15:30	Unlimited Heat (Gold 2A)
15:55	Military Demo (C-17 Tactical)
16:10	Jet Heat (2B)

Saturday 19 Sept

TimeEvent

8:00	Biplane Heat (Bronze)
8:25	Formula-1 Race (Bronze)
8:50	Break
9:00	Biplane Race (Silver)
9:25	Sport Heat (3C)
9:50	TBA
10:05	Unlimited Heat (Bronze 3C)
10:30	David Martin
10:40	T-6 Heat (Gold 2)
11:05	Patty Wagstaff
11:20	Military Demo (C-17 Tactical)
11:35	Sport Heat (3B) (Reenlistment Ceremony)
12:00	Welcoming Ceremony
12:15	Smoke and Thunder (Red Eagles)
12:25	Unlimited Heat (Silver 3B)
12:50	T-6 Race (Bronze Medal) (Premier Demo)
13:20	Blue Angels Show
14:55	Sport Heat (3A)
15:20	Red Eagles
15:35	Unlimited Heat (Gold 3A)
16:00	Jet Heat (2A)

Sunday 20 Sept

TimeEvent

8:00	Formula-1 Race (Silver)
8:25	Biplane Race (Gold)
8:50	Break
9:00	Formula-1 Race (Gold)
9:25	Sport Race (Silver)
9:50	Red Eagles
10:05	Unlimited Race (Bronze)
10:30	T-6 Race (Silver Medal) (Heritage Awards)
10:55	Military Demo (C-17 Tactical)
11:10	Sport Race (Gold) (Reenlistment Ceremony)
11:35	Unlimited Race (Silver)
12:00	Welcoming Ceremony
12:15	Smoke and Thunder (Red Eagles)
12:25	Jet Race (Gold)
12:50	T-6 Race (Gold Medal) (Premier Demo)
13:15	David Martin
13:25	Blue Angels Show
15:00	Sport Race (Super Sport)
15:25	Patty Wagstaff
15:40	Unlimited Introduction
16:05	Unlimited Gold Race (Breitling Gold)

Dayton Valley Show and Shine

9/19/2009

8:30 am

$30 car entries

Call for more information: 775-246-1628

National Senior Pro Rodeo

9/19/2009

5:00 pm

Farm District Road and US 95A, Fernley

$7 for adults $5 for kids

More information at 775-575-4459 or www.fernleychamber.org

Only 75 more days until the current first time home buyer tax credit ends. Let's find out if you qualify and what some hypothetical time lines look like.

Qualifications:

The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.

The tax credit does not have to be repaid.

The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.

The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.

Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

FHA

If you are an FHA buyer you will need at least 45 days to close. If you're buying a bank owned/REO property it may take up to a week to get an executed offer. That leaves 20 days to find your property.

Conventional

Most conventional loans can be closed within 30 days. Still factor in time for bank/seller response.

Cash

Cash offers can usually be closed within three weeks depending on the seller and the result of your inspections.

Short Sales

Considering a short sale? Sorry to say, entering into a short sale contract at this time will more than likely close after the November 30th deadline. Though sometimes in good condition and priced well, they take between 3-6 months to close.

Create a cushion in your time line

If at all possible, have your closing scheduled for at least 7 days prior to the deadline. Many other buyer's are taking advantage of the credit and will be closing at the end of November. The last thing you want to happen is an escrow extension beyond the deadline.

You need to remember that many markets are very active right now. Properties that are somewhat well maintained and priced right are receiving multiple offers. It may take one, two, or even more offers to finally get into escrow. The most common feeling of these multiple offers is frustration. Don't be discouraged. Your Realtor is there to help you find a home that has a great possibility of closing by the deadline.

Saturday, September 19th, will mark the 3rd year of Homeless Awareness Day in the Reno and Sparks, NV area. This a great opportunity to give back to a section of the community that has been struggling. Churches, businesses, families and individuals are encouraged to donate their time, resources, or both to help the unfortunate in our community. The day begins at 9:00 am and will include a free breakfast, BBQ, and haircuts for qualified participants. There will also be activities for children, grocery giveaways, free hygeine packs, clothes, and various gift giveaways. Community organizations and local business owners will be on hand to help with job training, housing opportunities, education, and family counseling. Event Information Homeless Awareness Day Galletti (Fisherman) Park 495 Galletti Way Sparks, NV 89431 Date:9/19/2009 Time: 9:00 a.m.-5:00 p.m. Map of the Park For more information on volunteering please email fallenwallsreno@gmail.com.

Happenings this weekend in the Northern Nevada area.

NAS Fallon Air Show

Admission is free

9/11/2009

8:00 a.m.: Gates open

9:45 a.m.: Black Daggers Flag Jump

9:50 a.m.: 9/11 Commemoration

10:25 a.m.: Missing Man formation by Topgun

10:30 a.m.: Break

11:00 a.m.; Super Hornet Demo VFA-122

11:15 a.m.: P-38 Glacier Girl flyby

11:25 a.m.: Pitts aerobatics

11:40 a.m.: C-17 Demo

11:55 a.m.- SAR Demo

12:05 p.m.: T-33 Shooting Star

12:20 p.m.: Pitt aerobatics

12:35 p.m.: A-10 Demo

12:50 p.m.: Airforce flight demo F-22, A-10, P-51, and P-38

12:55 p.m. Aerobatic race

1:05 p.m.: Black Daggers assault jump

1:25 p.m.: F-5 formation flyover

1:30 p.m.: NSAWC Air power demo

2:05 p.m.: Citizenship Ceremony

2:30 p.m.: Blue Angels Show

Great Reno Balloon Races

Admission is free.

www.renoballoon.com

9/11/2009
5:30 a.m.: Gates open
6 a.m.-9 a.m.: Bed Head competition, registration at Pajama Party tent
6:45 a.m.: Mass ascension launch
7:30 a.m.-10 a.m.: Other on-field competitions
9:30 a.m.: E.L. Cord Foundation Tissue Paper Balloon Launch

9/12/2009
4:30 a.m.: Gates open
5 a.m.: Glow Show
5 a.m.-8 a.m.: Bed Head competition, registration at Pajama Party tent
5 a.m.-10 a.m.: World's Largest Pajama Party; Pajama Fest at Pajama Party tent
5:30 a.m.: Dawn Patrol
6:45 a.m.: Mass ascension launch
7:30 a.m.-10 a.m.: Other on-field competitions
8:30 a.m.: Bed Head competition finals at main event stage
2 p.m.-5 p.m.: Balloons & Tunes Wine Walk, downtown Reno; $20 per person

9/13/2009
4:30 a.m.: Gates open
5 a.m.: Glow Show
5:30 a.m.: Dawn Patrol
6:45 a.m.: Mass ascension launch
7:30 a.m.-10 a.m.: Other on-field competitions

Professional Bull Rider's, Reno Invitational

9/11/2009 8:00 p.m.

9/12/2009 6:00 p.m.

9/13/2009 2 p.m.

Lawlor Event Center

www.lawloreventscenter.org

Farmer's Market

9/12/2009

9:00 a.m.

Downtown Carson City

Virginia City International Camel Races

9/12/2009 and 9/13/2009

1:00 p.m.

Virginia City, Nevada

www.VisitVirginiaCityNV.com

Nevada Governor's Mansion Centennial Celebration
9/12/2009

2:00 p.m.

Governor's Mansion

606 Mountain St.

Carson City, Nevada