Chance Gates' Blog

All I do, really, is go to work and try to be professional, be on time and be prepared.
Ben Affleck

Everyone’s entitled to express their political beliefs. I don’t presume to tell anybody who to vote for. I am comfortable telling people what my opinions are.
Ben Affleck

I kinda see my current position like this: Here’s your five minutes in the toy store, so you gotta do all the good movies you can before ‘Chuck Woolery’ rings the bell.
Ben Affleck

My mother gets all mad at me if I stay in a hotel. I’m 31-years-old, and I don’t want to sleep on a sleeping bag down in the basement. It’s humiliating.
Ben Affleck

There is nothing worse that a thirteen-year-old boy. You’re embarrassed by your parents, and you’re trying to find your independance because, deep inside, you are so dependent on your mom.
Ben Affleck

As a Reno/Sparks real estate professional, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted on this blog.  You can email at chance@ballard-company.com or http://www.myspace.com/chancegates

This is for Single Family Residents under $1,000,000.  Information was pulled from the Reno/Sparks MLS.

There were a total of 482 home Single Family Residents sold in the month of April.  This is up from 446 home sold in April, 2009.  The notice of defaults have dropped from 997 in March 2010, to 710 in April, 2010.  However, the foreclose homes increase from 284 in March 2010, to 349 in April 2010.

So the real question is what is this saying?

It is my belief that as long as distressed homes remain dominate on the real estate market.  The Average price sold of single family residents will be doing well to maintain their value.

My point of view in life is to make a mole hill out of every mountain that stands in the way.  In real estate there are several possible mountains in every transaction.  So when viewing a property here are just a view of the possible mountains.

1. County will not approve septic system or well.

2. Termite report reveals substantial damage and seller is not willing to fix.

3. Home was misrepresented as to size and condition.

4. Home is destroyed prior to closing.

5. Home is not structurally sound.

6. Home is uninsurable for homeowner’s insurance.

7. Property incorrectly zoned.

8. Portion of home sits on neighbor’s property.

9. Unique home and comparable properties for appraisal difficult to find.

10. Permit was not obtained to do the addition to the home.

As a Reno/Sparks real estate professional, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog.  I can be reached by email at chance@ballard-company.com or http://www.myspace.com/chancegates

Roy Oswalt has been pitching really well however the Huston Astros have only scored 5 runs in his last 4 losses.  The Astros are only averaging 2.7 runs per game against right handed pitching.  The San Diego Padres have won 10 of the last 15 and 5 of the last 6.  I realize that the Padres are getting a great line, bu that seems to easy.   This reminds me of when Radke pitched for the Twins.    So take the Under.

These picks are meant to be for entertainment only!

As a Reno/Sparks real estate professional, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted on this blog.  I can be reached be email at chance@ballard-company.com or at http://www.myspace.com/chancegates

This week I had the unpleasant fortune of having my battery die.   I was really impress that it lasted over 6 years.  Naturally I drive over to the place that help me change my headlights last year.  Since I had to have a jump to get my car started I drove straight over to Kargens.  I had no tools so they handed me a crescent wrench.  Well that worked on all the bolts but one, which had a tight fit.  So they opened two other wrenches for me to try and neither of those worked.  Finally the handed me a 10ml wrench which was the perfect fit.  Once again the only thing I was charged for was the new battery which I needed.  All the tools of theirs I used and any help I received was free.

As a Reno/Sparks real estate professional, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles I posed on this blog.  you can email me at chance@ballard-company.com or http://www.myspace.com/chancegates

1.)  Commissions:  I’m sure it does not surprise anyone that commissions are apart of the sellers closing cost.

2.)  Settlement Escrow/Attorney Fees:  Attorney fees can be negotiated as apart of the sellers closing cost.

3.)  Seller’s Title and Escrow Fees:  This is the title insurance and escrow fees which will always vary base on price and which title company that the seller is using.

4.)  Subordinate Lien Payoff:  This is a set amount the first is willing to pay the second to get them to release their position on the home.

5.)  Transfer taxes/stamps/recording fees:  In Nevada the transfer tax will vary depending on which county the home resides in.

6.)  Termite Inspection/repair:  Where most short sale in the Reno/Sparks real estate are “As-IS Where Is” pest inspections and repairs can be negotiated as part of the seller closing cost.

7.)  Borrower Relocation Assistance:  http://chancegates.com/2010/03/14/home-owners-to-be-paid-to-short-sale/

8.) Other: Any negotiated lender payoffs that doesn’t fall into one of the top categories

The source of this information is http://www.makinghomeaffordable.com/.   I always advice anyone who is thinking of short selling their home to consult with an attorney and a CPA to make sure they understand all the options available to them.

As a Reno/Sparks real estate professional, I encourage all questions or comments on the Reno/Sparks real estate market or any of the articles posted on this blog.  I can be reached by email chance@ballard-company.com or at http://www.myspace.com/chancegates

First a recap a “short sale” in real estate terms is when an owner has to sell a house for less money than is owed to the bank.

1).  Will the Seller go to http://www.makinghomeaffordable.com/requestmod.shtml ?

2).  Will the sell follow through with attorney recommendations?

3.)  Will the seller keep me informed of lender communications?

4.)  Does the seller have an actual hardship?

5.)  Does the seller have assets?                                                                                                                                                   If so, is the seller willing to use them if required by the lender?

6.)  Is the seller current with homeowners’ association fees?                                                                                         If not , is the seller able to become and remain current?

7.)  Does the seller have realistic expectations of the current market?

8.)  Is the seller motivated to get out of their situation?

9.)  Will the sell allow me to get discuss lien situation with buyer’s representatives?

10.)  Will the property be listed for an adequate amount of time?

11.)  Has the seller agreed to a for sale sign?

12.)  Has the seller agreed to a key lock box?

13.)  Will the property be easy to show?

14.)  Is the seller willing to do what is required so that the property shows well?

15.)  Will the seller agree to price the property realistically?

As a Reno/Sparks real estate professional, I encourage all questions or comments on the Reno/Sparks real estate market of any of the articles posted in this blog.  I can be reached by email at chance@ballard-company.com or http://www.myspace.com/chancegates

It is far better to be alone, than to be in bad company.
George Washington

It is impossible to rightly govern a nation without God and the Bible.
George Washington

It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it.
George Washington

It will be found an unjust and unwise jealousy to deprive a man of his natural liberty upon the supposition he may abuse it.
George Washington

Laws made by common consent must not be trampled on by individuals.
George Washington

Let us raise a standard to which the wise and honest can repair; the rest is in the hands of God.
George Washington

Let us with caution indulge the supposition that morality can be maintained without religion. Reason and experience both forbid us to expect that national morality can prevail in exclusion of religious principle.
George Washington

Let your Discourse with Men of Business be Short and Comprehensive.
George Washington

Let your heart feel for the afflictions and distress of everyone, and let your hand give in proportion to your purse.
George Washington

Liberty, when it begins to take root, is a plant of rapid growth.
George Washington

Mankind, when left to themselves, are unfit for their own government.
George Washington

My first wish is to see this plague of mankind, war, banished from the earth.
George Washington

My mother was the most beautiful woman I ever saw. All I am I owe to my mother. I attribute all my success in life to the moral, intellectual and physical education I received from her.
George Washington

My observation is that whenever one person is found adequate to the discharge of a duty… it is worse executed by two persons, and scarcely done at all if three or more are employed therein.
George Washington

Nothing can be more hurtful to the service, than the neglect of discipline; for that discipline, more than numbers, gives one army the superiority over another.
George Washington

Observe good faith and justice toward all nations. Cultivate peace and harmony with all.
George Washington

If we desire to avoid insult, we must be able to repel it; if we desire to secure peace, one of the most powerful instruments of our rising prosperity, it must be known, that we are at all times ready for War.
George Washington

As a Reno/Sparks real estate professional, I encourage all question and comments on the Reno/Sparks real estate market or any of the articles posted on this blog.  I can be reached be email at chance@ballard-company.com or http://www.myspace.com/chancegates

Cinco de Mayo is being celebrated by the Reno Aces with the first 1,250 fans 21 and over who purchase a Corona get a sombrero.   The Reno Aces are 9-12 just 4.5 games back of Fresno.   Early weather reports say it is going to be a beautiful day so head on out and enjoy some great baseball.

TICKETS AVAILABLE
Accessible seating can be purchased by calling the Reno Aces Ticket Office at 775-334-7000 or visiting the ticket office during business hours.

Ticket Office Hours (non game day):

Monday through Friday: 10am to 5pm Pacific Time.

Saturday: 10am to 4pm Pacific Time.

Game Day Hours: 10:00am Pacific Time to the end of the 7th inning

Please Note: A General Admission Ticket is not a physical seat. General Admission is seating in the right field berm (low back chairs are ok to bring into the park), standing in front of the standing rails around the park, and standing room in the park.

Read more at https://www.ticketreturn.com/prod2/Buy.asp?EventID=45358

As a Reno/Sparks real estate professional, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog.  I can be reached by email at  chance at ballard-company.com or http://www.myspace.com/chancegates