How Much House Can You Afford In South Lake Tahoe
Back when getting a mortgage was easy and the investment value could only go up a large house or mansion was seen as a great idea. Not to mention people believed having too much space was better than having too little. With the real estate crash and changing times though this is no longer seen as a good idea. Buying a house that is too big for your needs can cost you quite a bit. Most people are now looking for a smaller house closer to the city limits. Larger homes can be very difficult to sell and you could … Read More »
Interested In A Bank Owned Property?
. When a lender assumes ownership of a property it will almost always quickly re-sell the property to recover the unpaid loan amount. Here are some tips on navigating a bank-owned purchase in South Lake Tahoe. Daily property searches It’s important to check daily for newly released bank-owned properties through the MLS or newspaper ads and acting as quickly as possible. Depending on the redemption period a bank may re-sell the property fairly quickly. You need to create a system of tracking these properties if you’re following a certain area so you may educate yourself regarding the various factors involved in purchasing distressed … Read More »
Don’t even think about waiving the home inspection in South Lake Tahoe!
A home inspection is by far a home buyers best tool when choosing a home in South Lake Tahoe. It’s unfortunate that so many people start to tighten their wallets and begin to undervalue the importance of a home inspection. A home inspector a professionally hired third party who is typically hired by the the buyers to inspect the property prior to the close of escrow. You can’t judge a book by its cover and the same can be said about South Lake Tahoe Real Estate. Just because it looks maintained on the outside doesn’t mean the insides will match. … Read More »
Hidden Cost of Homeownership in South Lake Tahoe
Buying a home is an exciting time! Emotions are running high, bank accounts are running low and a senses of achievement is beaming out for first time home buyers. There are so many things to think of when buying a new home that sometimes the most practical things can be forgotten. That’s why we put together a little list of some of the hidden cost of home to help you and your wallet prepare for the first year of home ownership. -Home Owners Insurance. This seems like a given because you won’t be able to close on your home without … Read More »
Are your South Lake Tahoe Real Estate Facts Accurate? Not likely!
Where do you get your news and statistics from? While it is easy to hop on the internet, hit a few buttons and find yourself at a site claiming they have the latest data the information you receive may not even be worth your time reading. Recently a real estate data quality survey was completed by top dog Trulia. What they found might be shocking to most internet surfers but not so much to us within the Real Estate industry. Sites like Zillow, Trulia, and Yahoo!Real Estate are notorious for offering out dated or downright wrong information on the majority … Read More »
Tahoe Paradise Neighborhood
What’s in a name you ask? Well with a name like Tahoe Paradise you can expect to find exactly that. Paradise in Tahoe. The Tahoe Paradise neighborhood is special in that is surrounded by National Forest which provides endless activities outdoors. There are approximately 700 homes within the Tahoe Paradise neighborhood ranging from older chalets and A-Frames to beautiful newer construction with mountain-lodge ambiance. Hiking? Take a hike near Luther Pass and enjoy the wildflowers during the summer. Biking? Check out Mr. Toads Wild Ride for a heat pumping ride of twist and turns through technically challenging terrain. Golfing? … Read More »
Choosing A Home
How to Choose a Home Here are some tips to help determine which house is best for you. Once you’ve settled on a couple of preferred neighborhoods for your home search, it’s time to pick out a few homes to view. Having a house features “wish list” keeps you focused on which features are most important to you. When narrowing down your home search, consider the following: know what type of home you want to buy determine what age and condition of the house you want to buy consider resale potential use a features wish list to keep focused use … Read More »
Challenges to getting a Loan in South Lake Tahoe
If you’ve been following the interest rates this year like we have, then you know that rates have been at historic lows and they will most likely stay hovering around 4% into next year according to Freddie Mac. While rates may be a historic lows, that does not mean that banks are beating down the doors trying to lend money. In fact, it is quite the opposite. Thousands of credit worthy people are being denied loans because underwriting requirements have tightened up. In some cases having investments can actually count against you! Even if your investments are performing well! An … Read More »
