The New Year is starting out great in Reno. We had some minor flooding and I guess you call it minor unless you were one of the unfortunate whos home or business was flooded. We did not have the huge amount of snow and freezing temps in town like in 2005. The Sierra Nevada Mountains are currently 120% of normal snow pack. Our Lakes are higher than last year so water storage is getting better.
We all of this talk of water and weather how does it affect our real estate market? The roads are mostly clear and we want our California neighbors to know this so they will come buy our real estate. This is the first year in three years that we have an inventory of homes to choose from. The waiting lists that seemed like they would never end are gone from many of the subdivisions. The multiple offers on properties and having to rush your decision in fear of missing out on the properties are gone. The agents, the lenders and the escrow officers have more spare time to talk and chat and help you be relaxed with your real estate transaction.
The real estate market in Reno-Sparks Nevada is back to a normal market. The interest rates are still holding steady in the lower 6% range.
Many of the neighborhoods that had appreciated too much due to lack of inventory have now adjusted in the buyers favor.
On Feb. 1, 2006 a national economist speaker with Stewart Title, Ted Jones gave his report on the national economy and the Reno-Sparks market.
Reno-Sparks markets are still expected to exceed the performance of most national regions in job creations and housing appreciation.
The quality of homes being built in this area over the past 10 years is amazing due to many national-type home builders coming in to do head-to-head competition for the buyers.
Dont miss out on a great area to live, play, raise a family or invest.
For more information, contact Rick Lund at (775) 688-4000.
Rick Lund
www.ricklund.com
Thursday, February 02, 2006
Monday, October 17, 2005
Suporting Your Local Economy
I was recently attended the NVAR Convention at Incline Village, NV for my continuing education hours. While in one of the classes being taught by a national teacher from Texas, I heard his opinion as to how so many family-owned businesses have been destroyed by Wal-Mart moving into small towns across the USA.
Of course you can argue forever on the pros and cons of the big companies versus the hometown businesses so I won't get into that argument. What I will let people know is that the profits from Ferrari-Lund Real Estate do go back into the Reno-Sparks economy. You may wonder why this matters so much with real estate?
When you buy real estate and the profits stay in the local economy, there is a better chance that the real estate investment you make will stay a better investment. Whether you are buying a new personal residence or an investment property, buying within your community will only help the community.
Many of the national franchises send the larger parts of the profits to their home offices out-of-state. The national franchises may pay for advertising in the local marketplace, but that same advertising is normally purchased through national advertising companies. And most of their printing is done by out-of-state printers. This is not true at Ferrari-Lund Real Estate. We do all of our advertising within the community and support local charities, schools, Little League, Pop Warner, etc.
Local companies do the largest volumes of real estate sales. In the Reno/Sparks area, the higher level of expertise and knowledge is found at the two highest volume companies in the Reno-Sparks market. At Ferrari-Lund our agents have an average of over 15 years experience. We fine-tune our agents so they can better serve their clients.
Our marketing plan is also fine-tuned to sell homes in Reno-Sparks, NV, not in New York or Washington DC. Our success in our local market proves this strategy to be good. Agents, Rick Lund and Vince Rossi, owners of Ferrari-Lund Real Estate pour their profits back into the local community.
Don't buy or sell a property without at least interviewing one of our 145+ agents from one of or four convenient locations. You won't know how much you could have saved or how much more you could have put in your pocket or how much easier your real estate experience could have been if you don't contact us.
Rick Lund
www.ricklund.com
Of course you can argue forever on the pros and cons of the big companies versus the hometown businesses so I won't get into that argument. What I will let people know is that the profits from Ferrari-Lund Real Estate do go back into the Reno-Sparks economy. You may wonder why this matters so much with real estate?
When you buy real estate and the profits stay in the local economy, there is a better chance that the real estate investment you make will stay a better investment. Whether you are buying a new personal residence or an investment property, buying within your community will only help the community.
Many of the national franchises send the larger parts of the profits to their home offices out-of-state. The national franchises may pay for advertising in the local marketplace, but that same advertising is normally purchased through national advertising companies. And most of their printing is done by out-of-state printers. This is not true at Ferrari-Lund Real Estate. We do all of our advertising within the community and support local charities, schools, Little League, Pop Warner, etc.
Local companies do the largest volumes of real estate sales. In the Reno/Sparks area, the higher level of expertise and knowledge is found at the two highest volume companies in the Reno-Sparks market. At Ferrari-Lund our agents have an average of over 15 years experience. We fine-tune our agents so they can better serve their clients.
Our marketing plan is also fine-tuned to sell homes in Reno-Sparks, NV, not in New York or Washington DC. Our success in our local market proves this strategy to be good. Agents, Rick Lund and Vince Rossi, owners of Ferrari-Lund Real Estate pour their profits back into the local community.
Don't buy or sell a property without at least interviewing one of our 145+ agents from one of or four convenient locations. You won't know how much you could have saved or how much more you could have put in your pocket or how much easier your real estate experience could have been if you don't contact us.
Rick Lund
www.ricklund.com
Thursday, September 08, 2005
Independent Realtors Have the Edge
A little known fact about buying residential properties in Reno / Sparks Nevada that many people don't know. In the Reno/Sparks real estate market the two highest volume companies are not part of national franchises. Why do the independent companies have such a market domination? They are locally-owned companies that focus on serving this area and the profits stay in this area. This is attractive to the Nevadans who supports their state and trust the local realtors who understand this market.
When you want the best in experienced agents, knowledge of the local market and the personal touch that each buyer and seller deserves, you need to call the local market leaders. Ferrari-Lund Real Estate has only experienced agents. The average years in the real estate business is 15 years. You can sleep easy at night knowing your real estate transaction is being handled by experienced and knowledgeable agents. Local knowledge of people, business and quality of life is what you get at Ferrari-Lund Real Estate. The market data will show you that what I am saying is true, but why not find out first hand and call the agents at Ferrari-Lund Real Estate, (800) 622-1777. Or visit Rick Lund's website for additional information.
Rick Lund
www.ricklund.com
When you want the best in experienced agents, knowledge of the local market and the personal touch that each buyer and seller deserves, you need to call the local market leaders. Ferrari-Lund Real Estate has only experienced agents. The average years in the real estate business is 15 years. You can sleep easy at night knowing your real estate transaction is being handled by experienced and knowledgeable agents. Local knowledge of people, business and quality of life is what you get at Ferrari-Lund Real Estate. The market data will show you that what I am saying is true, but why not find out first hand and call the agents at Ferrari-Lund Real Estate, (800) 622-1777. Or visit Rick Lund's website for additional information.
Rick Lund
www.ricklund.com
Wednesday, August 31, 2005
Reno / Sparks Nevada Real Estate Market Update - 8/31/05
Many people really don’t understand the value of full-time professional real estate agents or Realtors. I hear people talk about all the driving they’ve done so they can see all the new subdivisions, but, in fact, they never see them all. A good agent will know where the new projects are, as well as the price ranges and the quality of the builders. When you are out traveling by yourself, you only get the sugar coated sales pitch.
Buyers who are new to an area especially need the experience of a professional real estate agent or broker to guide them through the process of determining which area is best for their investment, which builder they will want to work with and, most important, to be sure they are not overlooking unknown areas of town that would fit their price range, budget and personal needs. In Reno/Sparks Nevada there are over 100 new home projects and each of the builders has different product levels and communities from which to choose. No one has time to look at all of these. After a needs and wants evaluation, your real estate agent can help you determine where you need to look before you make this most important decision.
Buyers who are new to an area especially need the experience of a professional real estate agent or broker to guide them through the process of determining which area is best for their investment, which builder they will want to work with and, most important, to be sure they are not overlooking unknown areas of town that would fit their price range, budget and personal needs. In Reno/Sparks Nevada there are over 100 new home projects and each of the builders has different product levels and communities from which to choose. No one has time to look at all of these. After a needs and wants evaluation, your real estate agent can help you determine where you need to look before you make this most important decision.
Friday, August 19, 2005
Reno/Sparks Nevada Real Estate Update 8/19/05
Now more than ever, sellers need to consider using experienced agents who are committed to doing what needs to be done to sell homes. Active web sites, advertising in color magazines, local papers, and, yes, even open houses. The days of the agent just putting homes in the MLS and waiting for multiple offers are over -- for at least awhile. The new home market is still very strong with long waiting lists of buyer's.
Most of these buyers are from California. The large number of homes on the market is primarily due to the many homeowners who have held onto their homes for two years and are now able to take advantage of the tax laws.
For more information about the real estate trends and market in the Reno/Sparks Nevada area, visit Rick Lund's realty website or Ferrari-Lund Real Esate, Reno / Spark's premiere real estate broker.
Rick Lund
www.ricklund.com
Most of these buyers are from California. The large number of homes on the market is primarily due to the many homeowners who have held onto their homes for two years and are now able to take advantage of the tax laws.
For more information about the real estate trends and market in the Reno/Sparks Nevada area, visit Rick Lund's realty website or Ferrari-Lund Real Esate, Reno / Spark's premiere real estate broker.
Rick Lund
www.ricklund.com
Friday, August 12, 2005
Rick Lund - about the Reno Sparks, Nevada realtor
Rick has over 1,000 satisfied customers
Extensive experience in residential sales, land acquisition from residential development, and income/commercial properties with over 1000 satisfied clients. Many of his clients are now referring their children !!!
Married with four children, Rick enjoys the outdoors whether riding his bike, camping, fishing, golfing or just working in the yard.
If you are relocating to Reno-Sparks Nevada you need Rick's services. He knows things about the area that will help you grow to love this area in a short period of time. Let his experience save you time and help you feel confident in your decision.
Broker and co-owner of Ferrari-Lund Real Estate. Ferrari-Lund Real Estate opened in 1988 and now has 3 office locations with 100 plus agents.
Rick Lund
www.ricklund.com
Rick has over 1,000 satisfied customers
Extensive experience in residential sales, land acquisition from residential development, and income/commercial properties with over 1000 satisfied clients. Many of his clients are now referring their children !!!
Married with four children, Rick enjoys the outdoors whether riding his bike, camping, fishing, golfing or just working in the yard.
If you are relocating to Reno-Sparks Nevada you need Rick's services. He knows things about the area that will help you grow to love this area in a short period of time. Let his experience save you time and help you feel confident in your decision.
Broker and co-owner of Ferrari-Lund Real Estate. Ferrari-Lund Real Estate opened in 1988 and now has 3 office locations with 100 plus agents.
Rick Lund
www.ricklund.com
Thursday, August 11, 2005
Reno / Sparks Nevada Real Estate market update.
Inventory of existing homes is building rapidly in the market place. The papers will be months behind reporting this change. The summer of 2004 saw no available inventory and multiple offers on most properties put on the market. The summer of 2005 is starting with many more homes available for buyers to choose from, there is no longer the urgency for the buyer’s to write an offer as they know there are many homes to choose from and the homes are staying on the market for many days. For the first time in at least two years we are seeing homes expiring without selling.
For more information on the Reno/Sparks/Tahoe real estate market, contact Rick Lund, 800-622-1777.
Rick Lund
www.ricklund.com
Inventory of existing homes is building rapidly in the market place. The papers will be months behind reporting this change. The summer of 2004 saw no available inventory and multiple offers on most properties put on the market. The summer of 2005 is starting with many more homes available for buyers to choose from, there is no longer the urgency for the buyer’s to write an offer as they know there are many homes to choose from and the homes are staying on the market for many days. For the first time in at least two years we are seeing homes expiring without selling.
For more information on the Reno/Sparks/Tahoe real estate market, contact Rick Lund, 800-622-1777.
Rick Lund
www.ricklund.com
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