It’s that time of year again. The Reno Rodeo, in it’s 91st year, is now a ten day event happening June 17-26. Preparation for this event starts prior to the opening ceremonies. They offer a cattle drive of 300 head of cattle over 90 miles through some of Nevada’s rugged high desert terrain. And don’t forget the parade, usually held on Saturday morning, through the streets of downtown Reno. Many local businesses allow their employees to dress in “western wear” during rodeo week which helps get everyone excited about the event. On opening day the action gets started with the Xtreme Bulls Competition. This event is sanctioned by the Professional Rodeo Cowboys Association. And if that’s not enough to keep you busy, there is also the carnival set up in the parking area in front of the Livestock Events center and Grandstands. Hope you enjoy this annul competition and don’t forget your cowboy hat! I always enjoy the Rodeo, as my family comes from a long line of cowboys, trail drivers, and ranchers. I was actually born on our ranch in Winnemucca, NV.
You only get one chance to make a good first impression. Here are some easy, inexpensive ideas to help make that possible. Think about some of the first things you notice when seeing a home for the first time. Is the yard neat and free from weeds and debris. Are there any flower beds that could have some colorful flowers or ground-cover planted. If you have a mail box, is it in good repair? A fresh coat of paint or varnish does wonders. This also works for the entry door or screen door. This is especially true for families with children with lots of friends. Replacing the numerals on the exterior of the home with modern, updated styles takes a small amount of effort with great results. Lastly, stenciling the address numbers on the front curb helps first time visitors find your home easily for any type of celebration or in an emergency.
Many of my clients seem to be confused as to the difference between an Escrow company and a Title company. Small wonder as many companies combine these services. If one looks closely at the name of the company that is handling ones closing, it usually says “Title and Escrow.
Simply put, an escrow company handles the paperwork of the transaction whereas the title company researches the title of a property to determine if title insurance can be offered.
In many states attorneys handle the transactions. In Nevada we use Escrow companies. This does NOT mean you can”t have an attorney represent you, it is just an efficient way to streamline the transaction. An oeverview of this process is:
When an offer is accepted, the agent contacts an escrow company to “open escrow”. A copy of the accepted offer is sent to an escrow officer along with the buyers earnest money deposit. The escrow officer reviews the offer and creates escrow instructions. These instructions are what the escrow company sees as it”s role in the transaction and are sent to the buyer and seller via their agents to verify accuracy of the details.
The escrow officer will order a preliminary title search on the property. The title company researches the history of the property detailing any liens. Then they will issue a preliminary report stating whether they will issue title insurance or not. This insures the borrower against claims of liens against the property. Different levels of insurance are often available. Some will insure against encroachment on property boundaries for example.
Escorow will order any payoffs existing on the property. When the buyer brings in closing funds, the escrow officer makes sure the minies are paid out correctly. They put any new liens on the property and record all with the county
We have noticed activity picking up quite a bit. The $150,000 and under market is the most active. I see this as a positive sign that we are heading into a helthier market.
