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Reno, Nevada Housing Video Real Estate Market Trends Update
The Reno housing market is currently in a state of flux. Prices are up, but inventory is down, which is creating a competitive market for buyers. One of the main reasons for the increase in prices is the lack of inventory. There are simply not enough homes on the market to meet the demand from buyers. This is due in part to the fact that many homeowners are staying put, due to their current low interest rates. Another factor contributing to the increase in prices is the influx of new residents to the Reno
Carson City, Nevada Housing Video Real Estate Market Trends Update
The Carson City housing market is currently in a seller's market. There are more buyers than homes for sale, which is driving up prices. The median sales price for a home in Carson City is $452,500, which is down 15.4% from this time last year. However, the percent of asking price is 100.3%, which means that buyers are offering more aggressively than they are in other markets. There are a few factors contributing to the seller's market in Carson City. One is the affordability of homes in the area. The medi
Sparks, Nevada Housing Video Real Estate Market Trends and Update
The Sparks Nevada housing market is experiencing an upward trend in prices and a tightening inventory. The bottom of the market was reached around Valentine's Day of this year, and prices are now approaching last year's levels. The median sales price is currently $520,000, down only 2.9% from the previous year, indicating the tightness of the inventory. The market has been bouncing back and forth since a quick adjustment following the decline during the summer. It is now considered a pre-COVID market, with
Insider's Guide to the Home Buying Process: Part 1
In this insightful video, Paul Dunham provides an insider's guide to the home buying process, highlighting the key steps involved and offering tips and insights to help buyers navigate the process more effectively. The first step in the home buying process is typically browsing for homes online. Buyers can use apps and mobile search tools to get an idea of what's available in their desired area and price range. However, it's important to remember that it's too early to start viewing homes in person at this
Understanding the Home Buying Process: Part 2 - What Happens in Escrow
The escrow process is a complex series of events that takes place from the time an offer is accepted to the time a buyer receives the keys to their new home. The process starts with the earnest money, which is a deposit made by the buyer to show the seller they are serious about purchasing the property. The amount varies depending on the market and the contract, but a typical earnest money deposit is around 1% of the purchase price.
Buying and Selling a House at the Same Time: Tips and Insights for a Seamless Transition
In this video, Paul Dunham talks about the process of buying and selling a house at the same time. It can be complicated, but is a common situation that many people face. In this scenario, individuals need to have a special understanding of how to manage the process effectively. There are several ways to approach buying and selling homes simultaneously, including selling first, buying first, and ending both transactions at the same time. When purchasing a new home, there are three major milestones to consi