6 Habits of Highly Successful Home Buyers


The season to buy is just around the corner in spring and these are some home-buying habits to adopt now:
  1. Ditch a daily indulgence.
  2. Make weekly deposits into a "home savings" account.
  3. Start attending weekly open houses.
  4. Do a trial run at homeownership. 
  5. Pay all bills on time.
  6. Check your credit report.
Source: realtor(dot)com

How to Reduce Closing Costs


Closing costs can add up and some must be paid before the home is officially sold. Here's some ways to reduce those costs:
  • Look for a loyalty program.
  • Close at the end of the month.
  • Get the seller to pay.
  • Wrap the closing costs into the loan.
  • Join the army.
  • Join a union.
Source: realtor(dot)com
2018 Northern Nevada
Real Estate Re-Cap
Discover these Top Takeaways!

Fallon
  • In December 2018, the median listing price for single family homes was $184,750 (a 1% decrease from November 2018)
  • There are 254 properties for sale ranging from $10,000 - $999,000

Reno-Sparks
  • 1,310 sales of existing single-family homes (a 17% decrease from 2017 and an 18% decrease from Q3)
  • The median sales price of single family homes was at $375,000 (an increase of 7% from 2017 and a decrease of 1% from Q3)
  • Median sales price of condos/townhomes was at $195,000 (an increase of 15% from 2017)
Reno (including North Valleys)
  • 905 sales of existing single family homes (a 20% decrease from 2017 and 17% decrease from Q3)
  • The median sales price for single family homes in Q4 was $395,000 (an increase of 11% from last year and a 1% decrease from Q3)
  • Median sales price of condos/townhomes was at $200,000 (an increase of 8% from last year)

More information via the housing bubble chart below. The Reno/Sparks Association of REALTORS (RSAR) obtains its information from the Northern Nevada Regional Multiple Listing Service.