October 2014

There are 4 blog entries for October 2014.

Tesla Gifafactory - Impact on Reno/Sparks Area Home Pricing

On September 4, 2014, after a lengthy and highly publicized competition between Texas, Arizona, New Mexico, California, and Nevada, Tesla Motors selected the Reno Nevada area for its planned Gigafactory. Construction has begun and the factory has a scheduled date for initial production in 2017. At full capacity (in 2020), the factory is expected to employ 6,500 employees. This announcement and ensuing economic activity represents a substantial rising tide for the local economy and housing market which will develop over the next 5-6 years.

We have developed a Tesla Gigafactory Real Estate Information Center page on our site with more comprehensive information.

Where is The Tesla

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Reno/Sparks Bank Auction Homes - Q4 - 2014

If you are a real estate investor (don't recommend purchasing at auction for the inexperienced) and want to buy homes that are coming up on auction for Washoe County, this list was provided to me by First Centenial Title.

These homes are scheduled for trustee sale.  If they are not sold to a third party buyer, they will be foreclosed on by the bank and eventually get onto the MLS for resale purposes.

Summary of Reno/Sparks Foreclosure Auction Homes

Street City Zip Lender Loan Amt Date Time Price
11595 Carlsbad Rd Reno 89508 Academy Mortgage $165,000.00 10/27/2014 11:00:00 AM $203,443.02
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Legacy New Homes in Genoa Golf Course - Floor Plan Review

Legacy Homes Overview

Legacy Homes has been actively building in the Reno-Somersett area for some time and has recently started building new homes to complete most of the build out at the Montana community in the Genoa Lakes Golf Course. Legacy plans to build approximately 90 homes in this community which will bring it to nearly 100% completion. There are three floorplans ranging in size from 2,645 to 3,035 square feet - each features three bedrooms and a three car garage.

Community Amenities

Montana is located within the Genoa Lakes Golf Community (Ranch Course). This community is situated on an 18 hole golf course designed by Johnny Miller and John Harbottle III. In addition to the

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Buying a Reno Home with a Well - Top 3 Things to Consider

The Reno area has many rural properties which may have a private well. Like any other home feature, there are pros and cons to having your own private well instead of being reliant on a city or municipal water source. I have created a list (below) to help you gain some key knowledge and insight as to whether you may want to buy a Reno home with a well.

Top 3 Considerations

  1. Cost - One key benefit of a private well is you do not have a 'city' water bill to pay each month. If you are on a meter and use a lot of water, this may be a key consideration. Your only direct cost for consuming water from a private well is the cost of electricity to run the pump. Keep in mind, however, that there
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