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Ricky Beach, Managing Broker

We Will Not Forget

In remembrance of those lost and thankfulness to those that risked their lives.

9/11 Flag

Thanks to our friends at http://www.filerfire.com/ for the photo.

August 2009 Real Estate Statistics for Reno/Sparks

August 2009 MLS statistics for the Reno/Sparks areas-Single Family-stick built


















August Actives ALP DOM Total Listed Num Sold Pct. Sold ALP Sold ASP SP/LP ratio Avg DOM Sold ALP Unsold Expired
B.O./REO 583 $171,592.00 77 325 288 88.62% $154,122.00 $153,743.00 99.75% 95 $156,714.00 4.92%
Short Sale 1802 $200,938.00 35 381 135 35.43% $217,041.00 $210,226.00 96.86% 195 $202,420.00 14.70%
Normal Sale 1541 $523,054.00 171 366 181 49.45% $269,741.00 $253,062.00 93.82% 127 $383,428.00 28.14%
Total 3926 $323,014.00 140 1072 604 56.34% $202,832.00 $196,130.00 96.70% 127 $266,857.00 16.31%

















ALP- Average List Price









ALP Sold- Average list price for solds









ASP- Average Sold Price









DOM- Days on Market









SP/LP- Sold price to list price ratio









B.O./REO- Bank owned or foreclosure





Save your gas and lighten your stress-Online contract signing

Ok. I'm not trying to plug this product but it is amazing and I wish I knew about it before today.

I've come to find out that not all of my clients have easy access to a fax or scanner. Even more, it's hard to meet with them before 5:30 on any weekday. So what am I to do? Wait outside client offices for a lunch break? Spend every weeknight from 5:30-9:00 in the office or front rooms of clients? Not anymore.

Today I did my first paperless offer for a REO property. The client was at work with his own clients and unable to step out for a signing. So I sent him the offer via docusign. Amazingly, he had it back to me in 5 minutes. All signatures and initials were on the correct line and legible. All I can say is, OUTSTANDING.

The docusign is a database/email that will allow you to take any .pdf and insert initials, signatures, date lines, etc. You have the freedom to put them anywhere on the document and they work similar to standard hard copy tabs, except the program actually puts the signature/initial on the line when the client clicks it. The program prompts for missed initials/signatures and emails me a copy once it has been completed. It is legal due to Congress passing some bill back in 2000(wow, wasted money on Poli Sci courses). I can't believe how much time I wasted driving around when I my clients needed was access to their email.

Let me know if you use it or have any tips.

$8000 home buyer's credit is available for down payment

The fed is now allowing FHA buyer's to use their $8,000 first-time home buyer tax credit for their down payment. Are you kidding me... Has there ever been a better time to buy? Follow the link below to read the full article.

$8000 Tax Credit for down payment

Potheads and Short Sales

Being a newer agent, I haven't experienced the oddities that come with real estate. That is until this past Saturday.

My morning showings were going well enough, a few vacant properties that needed some TLC. We arrived at our last house, a short sale that has been vacant for a year or so. We entered the home through an unlocked front door and began exploring the first level after I made our presence with the standard "Anyone home? Realtor showing the property". As we entered the kitchen we hear noises from upstairs. Again, no one answers my shouts. As we turn to the kitchen window, the body of juvenile hits the ground and takes off over the backyard fence. With baby in tote we back out of the house to the front porch. A minute later two more high school age kids walk out saying, "It was vacant. We thought we could hang out". My first reaction was to hold down the kids until the police could arrive but my common sense kicked in as the baby was only five feet away. After calling the listing agent and Sheriff's department we head back in to finish the showing. As we make our way to the second story a strong stench of marijuana fills the stairs. We enter the room they were in to find broken windows and small red cellphone. BUSTED.

The Sheriff's department finally arrives and before I can finish my witness report the deputy has called the suspect's mom, dad, and dad's girlfriend. No damage was done to the property but the kid's life is going to have a major change. Breaking and entering is a felony in Nevada. By the way, the clients didn't like the property.