“Low inventory and strong demand” are still the name of the game in the Reno area. Take a look at the brief video below provided by the Reno – Sparks Association of Realtors for more details. If you are concerned about a possible market bubble, skip ahead to the 2 minute mark in the video for an economic forecast from an actual economist, instead of your loud and strongly opinionated friend. If you would like to take advantage of this sellers market, or you know someone that does, reach out to me by email, or phone to set up an appointment.
Buyers, before we can start looking for your home, ensure that you are preapproved for a mortgage (if you don’t have other financing arranged). This will be critical, since sellers will not look at your offer on their home if you are not preapproved. A major concern is typically the lack of enough cash reserves to provide a down payment – this doesn’t always have to be a concern. There are scores of down payment assistance programs available, ask your lender for options. Nevada’s Home is Possible program is a great option for down payment assistance. Also, the Financial Guidance Center is a great resource for getting your credit score back on track to qualify for a loan.
If you, or someone you care about, can benefit from my services, contact me today.
“Reprinted with permission by the Reno/Sparks Association of REALTORS®.”