Suka the Gyr-Pergrine Falcon

When you are on your way to the Damonte Ranch High School and you see the dark helium balloon in the air, be sure to look around and you might see my falcon getting her exercise nearby. Thanks to friends like Steve, Dave, Martin and Gary I have recieved enough good pointers to get Suka flying and almost ready for Sagehen and Duck hunting. When it gets colder and most of the rifle and shotgun hunters have decided to watch football games instead of hunt, then she will get her chance. She is up to approximately 1000 feet and getting stronger. Wish us luck. Everyday is an adventure with her.

Salmon Run in 2007 is a bust

The friends who have fished with me this year will all agree that it's nice to have Rick on the boat to take the photos and net the salmon. The fish have all made me a good host and chose to bite on their poles and not mine.

Dan Ripple with 15 lb. , Mike Radcliffe with 30 lb. ,Bob Livinston with 27 lb King Salmon

The fishing has been slow at best. The guides are even having a hard time catching many fish this year. We are lucky to catch what we have caught. We can hope for a better winter run on the Sacramento River if not we hope for a better 2008.

Rick Goes to Big 10 Football

Ohio State has some serious fans.

My son told me two years ago that he wanted a different experience for his graduate school. I asked "why would you want to experience anything east of the Rockies?" He is now finishing his last year of his MBA program at Purdue University. When he first called me to tell me he had been accepted to Purdue I said "now you can get me into the Notre Dame football game I've always wanted to see." While discussing the schedule it was determined I would have to go out the weekend of the Ohio State game. I have season tickets to UNR and love to catch a tailgate party when I can. Steven assured me that what goes on the day of a Big 10 game is nothing like UNR. He was right. Starting at 9:00 AM they have the breakfast club. I am so glad none of my kids are part of this breakfast club. They dress up and drink their breakfast. They restricted the tailgate parking so it could not start until 1:00 PM because this game was going to be a late ESPN 8:00 PM. In the Big 10 the people drink all they can before the game as they don't allow beer sales in the stadium. UNR fans are complaining that they stop selling beer after half time. I have great seats at the UNR games, we are almost on the 50 yard line and we only stand up for kick offs and big plays. At this game we only sat down during half time. Unless you like seeing lower portion of bodies and getting no fresh air, sitting is not an option. The electricity is felt before you're in the stadium and it never stops. The band is huge and when they go on the field, they fill the entire field. The volume of noise vibrates your ears at times. There are the usual beach balls being hit around the stadium and a few other objects that you just don't want to touch let alone hit. You know you have had a great experience when your team loses 23-7, you get a phone call that your UNR lost 49-41, the crowd is huge and never ending when you leave and still you think to your self, that was a fun night. My thanks go to my son for being brave and smart enough to get accepted so that he could go east. Because he did this,I got to experience something new and yes it was exciting.

Of course visiting his family and seeing the grandson would have been enough without the game.

Now is the time to buy!!!

It is a slow afternoon here in the office. I just read that gas prices maybe going up again. This morning stocks were well over 14,000. Gold is over $700. per ounce and interest rates for home loans are holding steady at just over 6%.
I have been going over market statistics for the Reno/Sparks, Nevada market and they really have some bright spots that people are letting the media dull.
Now is a great market for buying that larger, newer home you've been wanting for so long.
You can make a super buy in the next 4 months and motivated sellers are going to welcome you to make it. You won't be competing with multiple offers like we had in previous years. If you buy your new home through Rick Lund you will get contributions towards your closing costs and negotiated prices that you've never seen in the past. Even the lender might be willing to throw something in to get your business. There are still plenty of great loan programs available for either owner occupied or investor's.
Don't let the media scare you away. The loan programs that have been cancelled by lender's and now outlawed by the State of Nevada in SB 440 shouldn't have been available anyway.
What you don't realize about the Reno/Sparks real estate market is that the prices have only dropped by approx. 5-15% depending on the price range and location.
RENTS HAVE NOT COME DOWN....
Many people were buying rentals like we were going to run out of them soon when the prices were high and now I can show you the same home for substantially less money and the same amount of gross income and you've let the press scare you away.
We are now in a great buyer's market. Probably the best I've seen in my 29 years of selling real estate and people are afraid to buy. I have seen times where we had as equally motivated seller's in the early 1980's but the interest rates were so high no one could afford to buy. This market is different because prices have dropped and interest rates are affordable and many seller's would even pay to buy down the buyer's interest rate if they were asked to.
If I represent you,"I am not afraid to ask"! If you have a smaller home and want to buy a larger home you have an option of selling your existing home at a small loss to buy a larger home at a huge savings. I have all of the documentation to prove what I've just said, so why not call me.

Looking For A New Construction Home?

Let me remind you that before you head out to look at the model homes, call Rick Lund to take you.

Now you are asking why do we need you to tag along with us?

The market is very competitive between the new home builders. These builders are willing to pay me to represent you and you need my representation.

I know what questions to ask the salesperson to help you in your negotiations. I know how to help you get builder incentives that you may not be aware are available.

When you go to the builder's models, the nice sales agent works for and represents the builder. They have no responsibility to let you know of available builder concessions unless they need to.

Most new home builders will not accept a contingent sale. If you need to sell your existing home please call me. I can help you know how much equity you will have to work with and the different types of financing that are available to help you with a new home purchase.

I have been selling homes in Reno/Sparks since 1978. I was the seventh highest volume agent in 2006 and Ferrari-Lund Real Estate has been the second highest volume company since 2003 in the Reno/Sparks area.

Call me Toll Free at 1-800-622-1777 or 775-850-7033 or 775-742-6537
Email me sold@ricklund.com

Market Update May 2007

I wanted to give you an update on what Rick Lund is up to and what is happening with Ferrari-Lund Real Estate. Since 2003, Ferrari-Lund Real Estate has been the second highest volume company in the Reno/Sparks market. Not bad for a company that I co-opened in 1988 with 6 agents total. We opened with no goal of being a market leader but rather a company that was needed to take care of my client’s real estate needs the way I knew they should be handled. I can also say thanks to all of you who let me help you with your real estate needs. I was the seventh highest volume agent in the Reno/Sparks market in 2006. Considering there are over 2500 agents in our market, I feel grateful for your support.

Ferrari-Lund has also been able to build ownership relationships with First Centennial Title Company and Lakeside Lending. With four convenient office locations and with escrow and lenders nearby, a one-stop hassle free real estate transaction is available for you.

What I really want to inform you about today is a service I have been providing for a few years now. I am aware of a private pension that purchases real estate notes, loans on hard to finance real estate and private loans to buyers that might be credit challenged.

If you are refinancing your existing loan or buying a home please consider Lakeside Lending and ask to use First Centennial Title Company for your escrow service.
If you need cash, or need to sell a note or need a loan to buy rural land, please call me.

I am often asked if the rumors are true:

1) The value of real estate in our area has dropped - Yes
2) The lenders who use to be available for 100% loans with limited qualifying are leaving the market. - Yes
3) Interest rates like gas prices may be headed up? It seems possible

Please call me if you have any questions or would like to discuss any real estate issue.

For all of your real estates needs or questions call me, Rick Lund
850-7033 or 742-6537 or email me at sold@ricklund.com

Sincerely,
Rick Lund
www.ricklund.com

Striped Bass Season 2007

The Striped Bass season for 2007 for me has ended. It was the best I've ever had and it's too bad I have to quit when it is still red hot. My boat had days where we caught zero fish but the day we caught 53 fish was a record for me. The Sacramento River and Delta were great depending on wind, rain and water color.

My personal biggest fish were 11, 10,10, 8 1/2 and 8 pounds with most fish in the 18-25 inch range.

Now, I can't wait for the Salmon coming in August. Now it's time to sell real estate.

There are new homes with great views!

Just when many people thought the best lots for new homes were all gone, some of the best views in Reno-Sparks have been found at Skyridge. TMB Builders has them and the quality and setting can't be beat. You can meet Ryan Flynn who is very knowledgeable about these homes and the Skyridge Community Thursday-Monday 11:00am to 5:00pm.

For more information about these affordable and beautiful homes call Rick Lund at 775-850-7033 or 775-742-6537 or 1-800-622-1777. Ferrari-Lund Real Estate is the listing broker for these homes.