Greathouse Real Estate Co.

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Greathouse Real Estate Co.

Greathouse Real Estate Co.
423 W. Plumb Lane
Reno, NV  89509
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Office: 775-786-1010
Direct: 775-677-4663

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Real estate is one of the most exciting investments you can make and it should be a fun and rewarding experience. We are really satisfied when we hear our knowledge and expertise have eased a transition and helped make a move less stressful and more enjoyable for our buyers and sellers. There are many facets to a successful transaction and we use all the tools available to us to make certain that you buy or sell at the very best price. We utilize the latest technologies, market research, and business strategies to exceed your expectations. More importantly, we listen and that means we find solutions that are tailored to you.

READ THIS! January 2013 Washoe County Foreclosure Statistics Commentary:

Notice of Default (NOD) filings stayed steady compared to December. The Notice of Sales and Trustees Deeds decreased a bit which was predicted in previous commentaries. With the steady Notice of Default filings, it is hoped by many, that the Homeowners who are facing foreclosure take advantage of the short sale option especially since the Mortgage Debt Forgiveness Act got extended one more year. The new single family residential REO (Bank Owned) listings decreased slightly since December.

As mentioned in prior comments, inventory in Nevada is down considerably and the real estate community is concerned about the lack of inventory available in the 1st and 2nd Quarter. According to some numbers provided, new listings on MLS have increased, but not enough for buyer demand. The biggest concern within the real estate industry is the increase in sales prices and a BUBBLE occurring once again. It is hoped that the Banks who are holding assets will release a healthy amount of inventory, at an affordable price, to assist in our backlog of buyers waiting.

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