You may be hearing in the news that interest rates for home mortgages are dropping due to the fears of the Coronavirus. Mortgage rates have dropped to the lowest level ever. So if you have been considering buying the rates are definitely in your favor. On the flip side of low rates is very low inventory of homes for sale. As of this morning there were 580 active single family homes for sale in ALL of Reno-Sparks.
By price range inventory of available single family homes for sale is as follows:
- Under $400,000 – 129
- $400,001 – $600,000 – 199
- $600,001 – $1m – 154
- Over $1m- 98
If you have been thinking about buying, the most important first step is to meet with us so that we can guide you through the process. We will show you the steps to get ready, like getting pre-qualified for a mortgage and setting up a search. Once you are ready to look we will show you all the homes that meet your criteria. Contact the Shocket Teamtoday!