Sparks, NV Real Estate News

By Ricky Beach, Reno Broker/Salesperson/Realtor
(Keller Williams Realty Group One Inc.)
Well.... the Home At Last Bond Program ran out of money a few months ago but has been replaced by a new program. Currently, the Nevada Rural Housing Authority is offering the Home At Last Wish Program. This first time home buyer program is being run in partnership with Heritage Bank of Nevada and offers down payment contributions for buyers in Washoe, Carson, and Douglas County.   Here's how it works. A home buyer will contribute a set amount for their down payment. Let's say $3,000. The Wish Program will contribute three times that ($9,000) for a total down payment of $12,000. It's free money people. To see if you qualify answer the questions below. Have you not owned a home in the past three years? Will you reside in the property as your primary residence? Are you purchasing in an are...
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By Mitch Argon, Reno-Tahoe Residential Real Estate
(CalNeva Realty)
Caserro Ranch Homes for Sale - Sparks, NV Browse all Caserro Ranch at Wingfield Springs home listings for sale in Sparks, NV. All Caserro Ranch at Wingfield Springs property listings on this page are downloaded daily from the local Multiple Listing Service used by local Sparks agents. Here are some specifics about Caserro Ranch: When I created this blog entry on March 31, 2011, Three homes were listed for sale in the Northern Nevada Regional MLS and Ten sold in the last 6 months. The highest priced home for sale features: 4 Bedrooms 2 Bathrooms 2,324 Square Feet   The lowest priced home has the following characteristics: 4 Bedrooms 2 Bathrooms 2,965 Square Feet   Our website is updated every day with current listing information. Browse Caserro Ranch or Check Out Caserro Ranch recent so...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
 Short Sale approved for my listing in Sparks, Nevada 89434 View Full Listing SunTrust Mortgage has approved a short sale for this Sparks, Nevada listing. My clients have been eagerly awaiting the final closing for their home located in East Sparks, Nevada. They are very thrilled with the outcome of this short sale, now they will be able to move on and settle in with their family in another area of Sparks. This single family home is located in East Sparks, a lovely established neighborhood located just off the Pyramid Highway. It is situated approximately two or three blocks away from Lena Juniper Elementary School, a Washoe County School. Next to the school you will find the Aimone Park ~ The Aimone Park is part of the City of Sparks Parks and Rec program. It features two lighted tenni...
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By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
  Summary February was the highest volume in single family homes sales for a month of February in the history of the MLS.  Since December of last year, we have seen year-over-year increases in existing homes sold.  This trend paired with the fact that median sales prices have stayed fairly level for 21 consecutive months is a good sign for the northern Nevada housing market.  Although it is impossible to say if we have hit bottom and are now rebounding, we remain cautiously optimistic. Reno-Sparks Homes Median Sales Price February 2011 median price was up less than 1% to $161,000 compared to $159,900 in January 2011.  The median sales price has remained relatively stable for the past twenty-one months. Median price is defined as the mid-point, the price for half of the sales for the tim...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Newman's Natural Carpet Care has created a business page on Facebook. Are you a fan yet?  I wrote a blog about the Newman's successful carpet cleaning business about a year ago, you can read about their great services here  . For this post,  I wanted to let you know that they have created a business Facebook page and they need your help in getting people to find them. Become A Fan Now!  Roberta Newman is new to the social media scene, and like a lot of people who have just started to use twitter or Facebook, she is still a bit intimidated and unsure how something like, Facebook, can help her business. So I told he I'd help her and send a few people over to day hello. The more people who follow her page them the better her changes of success will be. Feel free to leave your advice and ti...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
~Your Space, Your Dream, Your Oasis ~ Landscaping Your Reno Home!  Landscaping is a matter of personal taste. Many home builders will provide landscaping in the front of each new home sold. These front yards appear identical, one tree planted smack in the middle of the yard, a few evergreen shrubs, maybe a Birds of Paradise plant with lots of bark for filler surrounding them that will eventurally fade and blow away. Maybe you have just purchased a home in an established, older neighborhood. You like the current landscaping but feel it is a bit outdated, those evergreens that were planted years ago are overtaking the front of the house. You feel you yard is ready for a much needed sprucing up. Who are going to call? Many studies have indicated that  professionally landscaped home may inc...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Step Up and donate the shoes you no longer wear to those who need them! Starting today, March 15, 2011, Think Kindness, an non-profit organization that inspires young people across the county to incorporate acts of kindness into their daily lives, and thousands of Washoe County students are challenging the Reno / Sparks communities to collect more than 100,000 pairs of shoes in less than 30 days for those in need via Change the World! All collected shoes will be distributed locally with the remaining shoes distributed around the world. The Soles4Souls organization be handling the process of getting the shoes to where they are needed the most. *****The latest Think Kindness Facebook update says that Soles4Souls will be donating shoes to help the TSUNAMI VICTIMS in JAPAN!!**** Be a part o...
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By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
Seven Tips About Rental Income and Expenses  When to report income.  You generally must report rental income on your tax return in the year that you actually receive it.    You generally must include in your gross income all amounts you receive as rent. Rental income is any payment you receive for the use of or occupation of property. Expenses of renting property can be deducted from your gross rental income. You generally deduct your rental expenses in the year you pay them. Publication 527, Residential Rental Property, includes information on the expenses you can deduct if you rent property. Do you rent property to others? If so, you'll want to read the following seven tips from the IRS about rental income and expenses. Advance rent.  Advance rent is any amount you receive before the...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
What happens to my credit score if I Foreclose or Short Sale my Reno, Nevada home? Whether you live in Reno, Nevada or Sparks, Nevada ~ and in most states ~ the result of a foreclosure or short sale will have the same affect on your credit report. The first thing you should do prior to making any kind of decision regarding your financial obligations,  is to discuss your options with your accountant and/or your lawyer. Only then, after you have discussed your situation with them,  should you start to consider a foreclosure or short sale on your home. What happens to my credit if I foreclose on my property? A foreclosure on your credit report will pull down your overall credit score by a minimum of 50 (most likely a minimum of 100) to a maximum of 250 points. This range depends primarily ...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Yes, it's true, the City of Sparks does have a "traditional, old-fashioned" Drive-In Movie Theater! The West Wind El Rancho Drive-In is now open for its 61st season! This four screen outdoor movie theater is one of our favorite things to do in the summer time. Watching a movie under the stars brings back memories for older generations and creates new memories for younger people. If you are old enough to remember Drive-In Movie experience then you know the nostalgic feelings often associated with these outdoor movie theaters.  Watching a movie on the largest movie screens available, bringing blankets and lawn chairs to watch a movie is quite uncommon today. The experience is truly unique. The El Rancho Drive-In is probably still as popular today as it was when it was first open back in t...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
~Spring Forward This Weekend~ It doesn't feel like Spring and it sure doesn't look like Spring here in Northern Nevada but this weekend is the launch of Daylight Saving Time so we must be getting close to Spring Time! If it had not been for Annie Grogan, assistant Vice President at Fidelity Home Warranty, Reno's favorite Home Warranty gal, sending emails reminding us of the time change, I might have completely forgotten. Daylight Saving Time falls on the second Sunday in March each year. This year many Renoites will be out celebrating St. Patricks Day and might not remember to turn their clocks forward when they go to bed that night, or morning. So if you are planning a evening out this Saturday it might be a great idea to set your clocks forward before you leave! This is a also good ti...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
This is "the stare" that Wonda gives when it is time to go for a walk! She is a crazy dog, and relentless. She won't chill until she gets her walk. But what a face, could you say no to her? My son sent this to me a few minutes ago. I am usually home by now and take her walking after I pick up the kids from school. Today I had to work later than usual and Alec said she won't stop staring at him! I am willing to bet Wonda  will have already been walked by the time I get home! X~O~X~O~X~O~X~O~X~O~X If you would like to adopt a cat or dog in Reno or Sparks Nevada, the Nevada Humane Society has hundreds of pets to choose from! Wordless Wednesday ~ The Stare
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Sparks, Nevada Market Statistics for January 2011 Prepared By Terrie Leighton, REALTOR®, Ferrari-Lund Real Estate in Northern Nevada Here are few market statistics for home sold in Sparks, Nevada during January 2010/2009: Single Family Homes Sold in Sparks for January 2011 = 96 Single Family Homes Sold in January 2010 = 84 Medium Sold Price in January 2011 = $153,125 Medium Sold Price in January 2010 = $177,250 Days On The Market in January 2011 = 124 Days On The Market in January 2010 = 101 Sparks NV Short Sale Properties: Of the 96 single family homes sold in Sparks during January 2011, 39 homes were short sale properties. The medium sold price was $154,000. Short Sale properties were averaging 162 days on the market. There were only 30 short sale properties sold this same time during...
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By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
The Department of Veteran Affairs (VA) has instructed mortgage servicers to pay relocation assistance to borrowers completing short sales or deeds-in-lieu (DIL) of foreclosure on VA loans. VA has a longstanding policy of encouraging servicers to work with veteran borrowers to explore all reasonable options to help them retain their homes or, when that is not feasible, to mitigate losses by pursuing alternatives to foreclosure. VA is authorizing servicers to advance $1500 in relocation assistance to borrower occupants who complete a short sale with a VA compromise claim or who execute a DIL. The transfer of ownership via DIL or short sale is typically shorter than a foreclosure time period, the VA explained, and the property is left in better condition via DIL.  These options can also p...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Sparks Nevada Market Statistics for December 2010 Prepared By Terrie Leighton, REALTOR®, Ferrari-Lund Real Estate in Northern Nevada Here are a few market statistics for homes sold during the months of December 2009/2010: Single Family Homes Sold in Sparks for December 2010 = 146 Single Family Homes Sold in December 2009 = 146 Medium Sold Price in December 2010 = $155,000 Medium Sold Price in December 2009 = $175,000 Days On The Market in December 2010 = 110 Days On The Market in December 2009 = 92 Sparks NV Short Sale Properties: Of the 146 single family homes sold in Sparks during 2010, 46 homes were short sale properties. The medium sold price was $154,550. Short Sale properties were averaging 156 days on the market. There were 46 short sale properties sold this same time during Dece...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Sonoma at the Vineyards in Sparks, Nevada 89436 Sparks Nevada Real Estate ~ New Homes For Sale Sonoma at the Vineyards is a beautiful gated community with truly exceptional homes built byTanamera Homes.   Located in Sparks, Nevada, this beautiful master planned community offers four single story homes to choose from. These 3 & 4 bedroom homes include standard 3 car garages, front landscaping, stucco exteriors and tile roofs. ~Prices range from the mid $200,00's to the mid $300,00's~ New construction homes and resale homes are available for purchase. Contact me , your  Sparks neighborhood real estate specialist, for a complete list of Sonoma homes that are currently listed in the MLS and homes that are will be ready in 45 days or longer. Situated between Vista Blvd and Sparks Blvd, this ...
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By Mitch Argon, Reno-Tahoe Residential Real Estate
(CalNeva Realty)
  Just Released!  Sparks Homes for Sale by Community I am pleased to announce that CalNeva Realty recently released a directory of Sparks Home Communities.  Our Sparks Home Communities Directory offers a home buyer many benefits: Easily browse by community name (faster than MLS Area Search) View Sparks Communities on a Google Map to quickly zoom in on areas Review Walkscore and local amenities by each community Review recent home sales (last 6 months) for each community Some of the featured communities include Spanish Springs, Wingfield Springs, Bridle Path, D'Andrea, and more! Please take a look and send over any feedback or suggestions for improvement!   Mitch ArgonCalNeva Realtyfreenevadamove.com
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
"Lights of Kindness" presented by Think Kindness at the Outlets at Legends in Sparks! Washoe County Students from different schools, High School Choir and Theater groups, Sparks locally owned and operated businesses and Legends merchants got creative this year for the "Lights of Kindness" holiday event. Organized by the non-profit organization called Think Kindness, this event is raising money that will stay with Reno and Sparks charities. The folks behind this organization was able to get over 75 trees donated from The Dolan Automotive Group and  100% of money raised will be kept and donated to local charities. Each tree has been uniquely and beautifully decorated and is ready for your vote. In order to vote, a $5.00 ticket must be purchased. As mentioned earlier, 100% of the proceeds ...
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By Mitch Argon, Reno-Tahoe Residential Real Estate
(CalNeva Realty)
Sparks - Homes with Price Reduction (last 5 days)Want to easily view homes in Sparks, NV with price reductions within the last 5 days?We have created a page on our web site that is dedicated to homes for sale in Sparks, NV with price reductions in the last five days.  This page includes all listings and is updated daily from the local Multiple Listing Service (MLS) used by all Sparks real estate agents.As of December 2, 2010, Sparks, NV homes real estate market profile consists of:Number of  Listings: 53  (Active and Pending)Low Price:  $  35,000High Price: $469,900When you visit our site, you will find it easy to browse all of the listing described above in addition to the ability to search all properties in the area using additional criteria such as price, bedrooms, bathrooms, lot siz...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
I am happy to provide you with this summary of the 2010 homes sales/listing activity for your area: Active Listings: Address:                          Bed:    Bath:    Garage:    Special Conditions:     Price: 2585 Garzoni Drive            3         2           2              Short Sale                   $330,000 2541 Garzoni Drive            3         2.5        3              Short Sale                   $350,000 2645 Tuscan Way              3         2.5        2              Short Sale                   $369,000 2740 Milana Drive              3         2           2              Bank Owned               $384,000 2650 Novara Court            5         4           3              None                          $489,000   Sold in 2010: Address:                       Bed:     Bath:      ...
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