David Morris Group-Benefits of Selling a Home in a Sellers Market-Reno Real Estate-List your home-spring market

Benefits of Selling a Home in a Seller’s Market

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David Morris Group-Benefits of Selling a Home in a Sellers Market-Reno Real Estate-List your home-spring market

The real estate market is not a straight line of absolutes and certainties.  There are many moving parts, some directly related to housing, and other indirect consequences of unforeseeable events that affect the supply and demand.  While predictions are made each year, the housing market is cyclical, and yes – shift happens! Several factors must be at play for the real estate market to shift from favoring buyers to giving sellers the upper hand, or vice versa.  According to fortune.com, “Demand for new homes is at a record high, but the inventory of new homes available is at a record low.”  This data means that we are still in a Seller’s Market.  A seller’s market occurs when more people are looking to buy with few homes available to purchase. What sort of advantages do sellers have when the demand exceeds the supply?

Less Time on the Market.

A larger number of people looking to buy fewer homes should increase the odds that your home will sell quickly.  Homes that have been difficult to sell in the past or that may have been described as “unique” or “well-lived in” will have better odds in a seller’s market. However, it will take more than simply hanging a For Sale sign in your yard. Listing your home still requires a strategy and a plan. You’ll still want to take steps to provide value and attract buyers. 

You May Get Multiple Offers.

Rather than feeling pressured to accept a lowball offer (or the only offer), sellers now have the option to look at the highest price and decide from a position of strength.  

Seller Concessions are Less Negotiable.

Seller concessions are closing costs, or a percentage of the total closing costs, that the seller agrees to pay to finalize the transaction. Buyers have much less leverage to make requests or demands because sellers can stand their ground knowing they’ll probably receive several offers.

How long does a Seller’s Market last?

So many moving parts impact this question, and it would be great to see into the future to know for sure. The simple answer is that the seller’s market will last as long as demand exceeds supply or until an unforeseeable event shifts the scale. The bottom line is that if you’re thinking about selling and don’t have the time or inclination to haggle with buyers, now is the time!

 

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, or if you’re ready to list your home contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

Where To Watch Super Bowl LVI

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Super Bowl Sunday is here! The Cincinnati Bengals are playing the Los Angeles Rams in the 56th Super Bowl on Sunday, February 13th. The game takes place at the Los Angeles’ SoFi Stadium and starts at 5:30 PT. Here are some places to check out for the best game-day specials in Reno.

Where To Watch Super Bowl LVI in Reno

  • Eldorado Showroom has packages starting at $30 for a beverage, stadium food, and a souvenir hat.
  • Eldorado’s NoVi Lounge has tickets for $75 for a game-day buffet spread, top-shelf premium bar, and a souvenir hat.
  • Circus Circus’ Mandalay Ballroom has tickets starting at $60 for a buffet of stadium-themed food, two drinks, and a souvenir hat.
  • Silver Legacy’s Laugh Factory Comedy Club starts at $30 for a beverage, choice of a stadium food item, and a souvenir hat.
  • Silver Legacy’s Caesar Race & Sportsbook’s tickets start at $25 for two beverages.
  • Peppermill Tuscany Ballroom is hosting the Big Game Blitz LVI Party. An assigned seat is $80, or a table for ten people for $750. Admission includes an all-you-can-eat stadium food buffet, commemorative gift, beer at every table, door prizes at every quarter, and more!
  • Atlantis has the Ballroom and the Sports Book available for viewers. Tickets to the ballroom include an all-you-can-eat tailgate buffet and draft beer, giveaways, and more. The Sports Books will have special bets and stadium food and beer specials throughout the game. 
  • Grand Sierra Resort’s casino floor is turning into a Big Game Extravaganza. There will be reserved seating at the William Hill Sports Book and Racebook, Grand Buffet, and Crystal Lounge. 
  • Nugget is hosting a viewing party in the Grand Ballroom for $85 and $70 tickets for Game On. The Grand Ballroom ticket includes stadium food and bottomless drinks, beer, and spirits. The Game On ticket has stadium food and bottomless Bud or Bud Light draft beer.
  • Bonanza Casino has a weekend-long celebration with over $5,000 in free play drawings, prize giveaways, game viewing on TVs, and more. 
  • Boomtown sells $30 general admission tickets and VIP tickets for $60. Both tickets feature all-you-can-eat stadium-style buffet drinks, multiple viewing screens, and giveaways throughout the game. 

Let us know who you’re rooting for and where you’re watching the game from on our Facebook page! If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

David Morris Group - Signs It’s Time to Relocate to Reno - Relocating to Reno - Moving to Reno - Reno Real Estate

Relocation Guide: Signs It’s Time to Relocate to Reno

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David Morris Group - Signs It’s Time to Relocate to Reno - Relocating to Reno - Moving to Reno - Reno Real Estate

Questioning if you’re in the right place can lead to some distress, especially when you start to think about what moving entails – finding a new home, listing your old home, packing, job security, etc. While we won’t say that moving is ever easy or always the right move, there are some things to be watchful for. Here are a few signs it’s time to relocate to Reno.

Financially Responsible

Prices are increasing everywhere, especially in the real estate market. When you compare the cost of living in California and other metros to the cost of living in Reno, Northern Nevada may help you increase the amount of disposable income you have to spend each month. Consider if the housing, utilities, food, healthcare, education, transportation, etc., are more affordable for you in Reno compared to the costs you face now.

Rewarding Job Opportunities

The pandemic has created some burnout in several industries, and it’s becoming a time of transition. Many are looking to switch jobs, companies, and even career fields. If you’re feeling overworked and underappreciated in your current career, take a look at the job opportunities in Reno. With an entrepreneurial spirit and a growth in tech and manufacturing employment opportunities, Reno businesses are always looking to add to their creative workforces.

Overall Happiness

One complaint can spiral into many. If you’re finding it hard to find the bright side in where you’re currently living, it may be time to move. Your peace of mind and mental health is the most important factor to consider. Your home should be an oasis, a place where you can unwind at the end of the day and create beautiful memories, but if it’s becoming a stress-inducer or if it no longer offers you the space you need, consider new solutions.

Looking to Explore

Many metropolitan areas fall short on open space and outdoor activities available. If you have the heart of an explorer, want to breathe in the fresh air, or have an outdoor hobby, Reno is a great place to be. With tons of hiking and biking trails, an easy commute to Tahoe, and tons of parks and green spaces, you’ll never run out of areas to explore and spend your free time.

Easier Commutes

Are you spending hours in traffic each day? It’s common in cities and suburbs worldwide, but in Reno, you can get practically anywhere around the city in under 20 minutes. Chauffeuring kids to school or heading into the office is shockingly quick. Can you say that about where you’re living now?

 

Reno is a great place to call home, but we recommend weighing the pros and cons for yourself. These are but some of the signs it’s time to relocate to Reno, but if you’d like to chat about your personal circumstances and what it’s like living in the Reno-Sparks community, contact the David Morris Group. We’re always happy to share our knowledge of the area and the real estate market!

 

 

 

David Morris Group - 2022 Home Design Trends - 2022 Real Estate Trends - Reno Real Estate - Reno Homes

2022 Home Design Trends

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David Morris Group - 2022 Home Design Trends - 2022 Real Estate Trends - Reno Real Estate - Reno Homes

Just as fashion trends change and old styles become fresh and relevant, home trends do the same thing. From paint colors you can expect to see everywhere, plays on different textures, and popular uses for spaces in your home, let’s take a look at 2022 home design trends. You never know if one of these trends could spark some inspiration!

Color Collaborations

The two-tone color combinations you’ve seen gain popularity in kitchen renovations on HGTV are likely to stick around. Use the color wheel to find two colors that are either complementary or provide a nice contrast to allow each color to pop. It’s recommended that the darker color sits below eye level and the lighter color sits higher to create more visual interest without shrinking the feel of a space.

Outdoors Inside

With the increased time spent at home, many are finding ways to bring the outdoor elements inside with wallpapers, bedding, art, and accessories that remind them of plants, flowers, and exotic travel destinations. Colors found in nature are also being used a lot more in home designs. Earthy palettes will continue to be a prominent theme in 2022.

Upcycling Old Pieces

Some designs and furniture bring intense comfort and familiarity, but they don’t always fit a home’s style or needs. Recently, there has been a big push to reuse items in new ways. Marrying the modern with the traditional can come in several forms, like giving old pieces a new coat of paint or stain, reupholstering fabric, and even finding new uses for decor.

Abstract and Artsy

Abstract art and styles are becoming more popular and bringing comfort to a wider audience. As the world becomes filled with more information and individuals face more pressure or uncertainty, abstract pieces allow individuals to focus on how something makes them feel, connect with it in a new way, and escape the influx of words and noise happening inside their heads at any given time.

Sustainable

Eco-friendly materials are becoming increasingly important in homes. A wave of more sustainable textiles is being added to home design trends. Getting rid of some of the more harmful materials, like foam, which is being replaced by things like coconut hair, wool, and feathers, is a priority for designers, creators, and consumers.

 

2022 will bring some exciting home design trends and insights into the real estate market. If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

David Morris Group - The Best Music Venues in Reno - Things to Do in Reno - Reno Music Venues - Reno Performances

The Best Music Venues in Reno

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David Morris Group - The Best Music Venues in Reno - Things to Do in Reno - Reno Music Venues - Reno Performances

Reno has always been known for its nightlife options. No matter the time of day or night, there always seems to be something open and something to do. One of the best parts of the nightlife options is all of the places you can go to enjoy some live music. From some of the biggest names in music to local artists, there are tons of places to enjoy. Check out some of the best music venues in Reno!

1Up

214 W Commercial Row, Reno, NV 89501
The DJs turn up the tunes and make 1Up a fun venue to dance the night away with friends. The intimate layout makes the club atmosphere electric and great to catch some local and nationally recognized talent.

Cargo at Whitney Peak

255 N Virginia St, Reno, NV 89501
Cargo’s music lineup is always changing, which offers you a great opportunity to check out artists you’ve never heard before and ensures that there’s something for everyone to enjoy throughout the year.

Grand Theatre and LEX at Grand Sierra Resort

2500 E 2nd St, Reno, NV 89595
If you’d like to sit in a comfy chair and be serenaded by amazing talent, check out the concerts, shows, and performances happening at the Grand Theatre. The acoustics will surround you and immerse you in the experience of the show! LEX Nightclub is a great venue to catch DJs and exciting entertainment performers while dancing and drinking in the upscale nightclub experience.

Nugget Event Center

1040 Victorian Ave, Sparks, NV 89431
With seating for 8,500 guests, the Nugget Event Center is one of the largest event venues in the Reno area. If you’re hoping to catch an outdoor concert, be sure to check out the Nugget Event Center’s lineup.

Reno Events Center

400 N Center St, Reno, NV 89501
The multi-use venue has over 100,000 square feet of useable space for concerts, performances, sporting events, and more. The venue has the ability to house more than 7,000 guests and has a convenient location in downtown Reno. There is no shortage of events to catch at the Reno Events Center.

The Glow Plaza

670 W 4th St, Reno, NV 89503
As the newest event venue to Reno, the Glow Plaza has built a reputation for being the place to be during the summer months. The outdoor music venue not only has live music acts, but food trucks and a full-service bar to keep the atmosphere a fun place to hang out before and after the performances.

 

Liven up your evenings by catching a concert or performance at some of the best music venues in Reno. And remember, if you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

David Morris Group - Relocation Guide Moving Tips That Will Make Relocating Less Stressful - Moving to Reno - Relocating to Reno - Moving Tips - Moving to Reno Nevada

Relocation Guide: Moving Tips That Will Make Relocating Less Stressful

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David Morris Group - Relocation Guide Moving Tips That Will Make Relocating Less Stressful - Moving to Reno - Relocating to Reno - Moving Tips - Moving to Reno Nevada

Moving can be time-consuming and requires a lot of energy to ensure everything goes smoothly. If you plan to pack up and move into a new home sometime this year, be sure to save these moving tips that will make relocating less stressful.

 

  1. Each member of the household should pack their essentials in an overnight bag. Include a few days worth of clothes, any toiletries needed, and important electronics.
  2. The items that need to be unpacked first should be packed in clear storage containers, so you can see what’s in them and separate them from the sea of cardboard boxes. These items should include the things you’ll need to get into the boxes, important documents, cleaning supplies, etc.
  3. When labeling your boxes, make sure to include what’s in them and which room they go in. Also, be sure to label the boxes on the side, so you can read them when they’re stacked on top of one another.
  4. When packing makeup, add an extra cotton pad or cotton ball in powder products to keep it from breaking during the move.
  5. To reduce the risk of your dishware breaking, pack plates vertically.
  6. Have sandwich bags ready for the small parts and pieces for anything you need to take apart and put back together in your new place. Be sure to label the bags with what the parts are for and which room they go in as well.
  7. Snap a picture of how all of your electronics are connected, so you have something to reference when setting up everything in your new home.
  8. If you’re moving your refrigerator, defrost it at least 24 hours before moving and wipe up any liquid.
  9. If you don’t want to purchase bubble wrap or packing paper, wrap your fragile items in articles of clothing.
  10. If you’re packing chairs, tables, and any other furniture item with legs, use wooden beams to keep them stable. Wrap the piece of furniture in a sturdy cloth or blanket, then criss-cross a pair of beams in the center of the legs. Secure the beams to the legs with lots of packing tape.

There are all kinds of ways you can make moving a little easier on you and everyone in your household. These are our favorite moving tips that will make relocating less stressful, but we’re always here to offer advice. ​​​​If you have questions about moving or what it’s like relocating to the Reno-Sparks community, contact the David Morris Group. We’re always happy to share our knowledge of the area and the real estate market!

 

 

 

David Morris Group - Where to Have a Snow Play Day - Sledding in Reno - Sledding in Tahoe - Skiing in Tahoe - Snowshoeing in Tahoe

Where to Have a Snow Play Day

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David Morris Group - Where to Have a Snow Play Day - Sledding in Reno - Sledding in Tahoe - Skiing in Tahoe - Snowshoeing in Tahoe

Finding something more fun than a snow day in the Reno-Tahoe area is hard. Check out where to have a snow play day with your loved ones! From the various resorts offering the perfect conditions to ski and snowboard, as well as the trails that you can snowshoe, and the hills that are just begging to be sled down, there’s no shortage of fun to be had.

Galena Creek Visitor Center and Recreation Area

(775) 849-4948 – 18250 Mt Rose Hwy, Reno, NV 89511
One of the favorite places to head on a snowy day and just a few miles from South Reno is the Galena Creek Visitor Center and Recreation Area. The hills make great places to slip, slide, and sled, and the trails are often taken over by snowshoers.

North Tahoe Regional Park

(530) 546-4212 – 6600 Donner Rd, Tahoe Vista, CA 96148
Besides offering a child’s sled hill, North Tahoe Regional Park also offers cross-country skiing and snowshoeing, as well as snowshoe tours and hikes by Tahoe Adventure Company.

Spooner Summit

(775) 831-0494 – Highway 28, Spooner Lake, NV 89703
Bring your own snow equipment and enjoy a winter adventure. The park is also a partner of Nevada Nordic to help bring groomed ski trails to Nevada. Cross-country skiers and snowshoe users are welcome to the Spooner Summit.

Tahoe City Winter Sports Park

(530) 583-1516 – 251 N. Lake Blvd., Tahoe City, CA 96145
Pack up your family and friends for a day of cross country skiing, snowshoeing, fat biking, sledding, and ice skating. Tahoe City Winter Sports Park has it all and is currently accepting reservations.

Tahoe Meadows

Mt Rose Hwy, New Washoe City, NV 89704
The informal slope is one of the best sledding spots in the Tahoe area. The Tahoe Meadows area is a popular spot for sledding and tubing, snowshoeing, cross-country skiing, and snowmobiling.

Reno Resorts with Snow Play Areas

Now that you know where to have a snow play day, be sure to get out and enjoy the winter weather with your loved ones! It’s an inexpensive and fun way to spend an afternoon in the winter.

 

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

David Morris Group - Gen Z Drawn to Reno - Reno Real Estate - Reno Housing Market - Gen Z Moving to Reno

Gen Z Drawn to Reno

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David Morris Group - Gen Z Drawn to Reno - Reno Real Estate - Reno Housing Market - Gen Z Moving to Reno

In a recent Gen Z City Index, Reno ranked 6th for the best places for Generation Z or “zoomers” to live. Gen Z covers individuals born between 1997 and 2012. The post-millennial generation is getting ready to head out into the world to make big life decisions. As they enter into adulthood, Reno is becoming a place where the zoomers are setting their sights to carve out their own path.

 

Gen Z City Index ranked several cities on various factors, including the availability of employment, the median home price, affordability of the area, gender pay gap, diversity, resident resources, and more. The list includes 30 cities, and six California cities cracked the top 10. Reno was able to snag the sixth spot in part due to its perfect score in equality. The study looked at the 2020 Human Rights Campaign’s Municipal Equality Index to weigh how cities handle nondiscrimination laws and advocate for the LGBTQ+ community.

 

Reno also scored well in gender pay equity. The U.S. Census Bureau found that Reno has a wage gap of 6.88% between men and women, with only three other cities having a smaller pay gap. Reno saw the fifth-highest number of job opportunities, solidifying the city’s ranking as a great place for zoomers to live.

 

The 2020s will be a time for zoomers to age into adulthood and make their own way. As a college town that scored well in a variety of categories that are increasingly important to Gen Zers as they get older, Reno is likely going to continue to draw in the young adult demographics. With expanding technology and manufacturing job opportunities in Northern Nevada, booming economic activity, and the high quality of life offered to Reno residents, a young, talented, and driven workforce is sure to follow.

 

We’re excited to see what Generation Z will contribute to the evolving Reno area and how the University of Nevada, Reno will grow to fit the needs of the incoming students. Reno has always been accepting of new generations, new people, and new ideas, so we’re happy to see that Gen Z is so accepting of Reno.

 

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

David Morris Group - Relocation Guide Reno Revitalization and How Business is Booming - Reno Relocation Guide - Reno Revitalization - Relocating to Reno - Moving to Reno

Relocation Guide: Reno Revitalization and How Business is Booming

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David Morris Group - Relocation Guide Reno Revitalization and How Business is Booming - Reno Relocation Guide - Reno Revitalization - Relocating to Reno - Moving to Reno

Across Northern Nevada, there has been a rebound and a rebirth. Retailers are coming back, and the City of Reno is focusing on new economic developments that move away from the gaming industry, which has been rooted in the city’s history for decades. Let’s take a look at the Reno revitalization and how business is booming across the area.

Retailers are Bouncing Back

The pandemic caused a lot of restrictions and strains on businesses across the world, and Reno was no different, but in the third quarter of 2021, we’ve seen some massive improvements to how the city and its residents are adjusting. According to Nevada’s Department of Taxation, Washoe County’s taxable sales for July totaled more than $1 billion, a 23% increase from July 2020. Taxable sales for June also showed a 30% increase year-over-year at $1.16 billion.

 

With the influx of relocators from California, bringing their existing businesses or creating a franchise location, business is expanding, and retailers are seeing amazing sales volumes. In fact, commercial vacancies are below the already low values seen before the pandemic hit.

Good News for Retail Centers

The Reno and Sparks area has been undergoing a lot of revitalization and change over the last few years. The pandemic had put a pause on some of the construction projects as many weren’t sure how Reno would bounce back, but with the increase in retail sales and vacancies, there’s a renewed vigor for projects like The Oddie District in Sparks, as well as the Reno Public Market and the retail component of the Reno Experience District.

Reno Continues to Revitalize the City

The wave of retailer growth isn’t the only change you can expect from the City of Reno. The recent closure of Harrah’s after over 80 years in Reno was a big push for the city to broaden its economy and move away from the gaming industry. The hotel-casino is being converted into the Reno City Center, a mixed-use development with one and two-bedroom residential units, commercial office space, restaurants, and retail space.

 

City leaders are hoping to use the excitement for the city center to push more developments that would transform the gaming destination downtown Reno is into a place full of affordable living spaces, vibrant restaurants, stylish hotel rooms, and exciting entertainment options.

 

Partnered with EDAWN’s efforts on bringing technology companies, manufacturing businesses, and non-gaming industries into the region, the city is making marked improvements to reduce its reliance on casinos and the gaming industry as a whole.

 

Every year Reno evolves and finds new opportunities to promote growth and change. Reno’s ability to bounce back and accept innovation makes us excited to see what 2022 has in store. ​​​​If you have questions about moving or what it’s like relocating to the Reno-Sparks community, contact the David Morris Group. We’re always happy to share our knowledge of the area and the real estate market!

 

 

 

David Morris Group - Where to Ring in 2022 in Reno - New Years Celebrations in Reno - Reno New Years Eve Events 2021 - Reno New Years Events 2022

Where to Ring in 2022 in Reno

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David Morris Group - Where to Ring in 2022 in Reno - New Years Celebrations in Reno - Reno New Years Eve Events 2021 - Reno New Years Events 2022

Are you ready to say sayonara to 2021? Well, the countdown has officially begun until 2022 is here. Send 2021 off on a high note and welcome the new year in style. Check out where to ring in 2022 in Reno, and have a very happy and safe New Year’s.

Bass Camp Presents Borgore New Year’s Eve 2022

Cargo Concert Hall is putting on a big celebration for New Year’s featuring Borgore, JAWNS, GAWM, and Audio Stasis.

Burlexque

Enjoy a glam and fun New Year’s Eve celebration at LEX Nightclub inside the Grand Sierra Resort.

Downtown Fireworks Show

When the clock strikes midnight, a spectacular fireworks show will take place over Virginia Street and the Reno Arch.

El Raj and Oh Lonesome Ana New Year’s Party

The local bands, El Raj and Oh Lonesome Ana, and a vinyl DJ will keep you dancing at Matador Lounge until it’s time to ring in the new year.

New Year’s Celebrations at THE ROW

There are several New Year’s celebrations happening at THE ROW, including VIP parties at NoVi, Brew Brothers, El Jefe’s Cantina, and Rum Bullions, as well as no-cover celebrations at Roxy’s, Silver Baron, Aura, and Cabaret.

New Year’s Eve at Wild River Grille

Plan for an amazing night enjoying a five-course gourmet dinner with a complimentary glass of champagne at Wild River Grille. The menu has so many great options, including Creole shrimp bisque, braised short rib croquettes, and citrus herb lamb chops.

New Year’s Eve Dining at Atlantis

Don’t worry about cooking on the last day of the year. Instead, go and check out the four-course dinners in Bistro Napa and Atlantis Steakhouse or the fabulous steak and seafood feast at Toucan Charlie’s Buffet & Grille.

Reno 54 ~ A Swagged Out New Year’s Eve Shindig

Dancers, aerial performers, and live music will all be a part of the New Year’s celebration at Record Street Brewing. There is also a prix fixe menu for New Year’s Eve if you’d like to end 2021 with a delicious meal.

 

No matter how you spend the last day of 2021 or where you ring in 2022 in Reno, we hope you reflect on the good memories you made and can look forward to some exciting new opportunities in the new year.

 

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.