For decades, Reno was largely considered a smaller, less glamorous version of Las Vegas. I remember my dad, who lived here when I was born, calling it a “poor man’s Vegas.” But the biggest little city in the world stopped trying to be a mini Vegas years ago—and it shows. The picturesque high desert city, which is situated roughly 20 miles north of Lake Tahoe and about 10 miles east of the California border, was just crowned the happiest U.S. …
Month: October 2023
When it comes to buying a home, one of the most common metrics buyers consider is the price per square foot. It never used to be that way, but my career pre-dates the websites with online listings that feature the price/per square foot so prominently, which quickly became a lazy way to determine value without really digging in. On the plus side, it is a value that offers a straightforward way to compare properties and assess their relative value. On …
Finally! It’s been a long time since buyers even had the chance to negotiate, and while the reasons for that aren’t great (decades-high interest rates) and some properties are definitely still benefiting from multiple offers (location, type and original asking price dependent), there are some good properties that have been sitting. Now and into the end of the year is the best time to start sifting through them, which brings us to the much written-about, invaluable art of negotiation. In real …
In most things, experience is at best an asset. Real estate is no exception. Now, research from the National Bureau of Economic Research published a paper in September of 202 confirms that the level of experience of your real estate agents does in fact have a monetary effect on your outcome. Let’s break it down. From the Study A professor of real estate and a professor of finance at Yale School of Management looked at data from 8.5 million transactions …
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