Real Estate Blog

As unfortunate as it can be when homeowners fall behind on mortgage payments and must face the possibility of losing their homes, short sales and foreclosures provide them options for moving on financially. The terms are often used interchangeably, but they’re actually quite different, with varying timelines and financial impact on the homeowner. Here’s a brief overview.

A short sale comes into play when a homeowner needs to sell their home but the home is worth less than the remaining balance that they owe. The lender can allow the homeowner to sell the home for less than the amount owed, freeing the homeowner from the financial predicament.

On the buyer side, short sales typically take three to four months to complete and many of the closing

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Mortgage downpayment

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders.

But there can actually be financial benefits to putting down a small down payment—as low as three percent—rather than parting with so much cash up front, even if you have the money available.


The downsides of a small down payment are pretty well known. You’ll have to pay Private Mortgage Insurance for years, and the lower your down payment, the more you’ll pay. You’ll also be offered a lesser loan amount than borrowers who have a 20-percent down

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Homes can be expensive to maintain, but are your spending uneccessarily ?  Below are the top 5 most expensive mistakes you could be making with your home.

1. Using Traditional Light bulbs

If you still have incandescent light bulbs in your home, you could be throwing a lot of money away every month on inflated electric bills. Over its life span, an incandescent bulb can use $180 worth of electricity. A CFL will only use $41 worth of electricity over the same time period. Even better is the LED bulb, which only uses $30 per bulb. Think what replacing every light bulb in your home could do to your home's bottom line.

2. Ignoring a Leaky Faucet

A leaky faucet that drips one drop per second can waste more than 3,000 gallons per year, which is

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Invitation to join Reno Home Buyers Seminar on March 2nd, 2017. Contact Robert Range for an invitations

Reno Home Buyers Seminar

Whether this is your 1st time or 10th time buying a home, at this seminar you will be educated about the home buying process and learn tips from industry professionals that will help you when you are ready buy a home.

At the Reno Home Buying Seminar you will gain knowledge from those working in the business every day. They will give you tips and guidance related to credit and credit repair; escrow services and title insurance; home inspections. mortgage programs, down payment assistance programs and much, much more.


You will not be pressured to by a home or use any particular professionals service.

Industry professionals, including myself, will be on hand to answer your questions and make themselves

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