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Home Staging Advice to Sell Your House Now

by Lakeshore Realty


We all know we're not supposed to judge a book by its cover, but it's impossible for homebuyers not to. A well-kept home tells buyers that you've taken great care of the place. An outdated or even poorly staged home signals buyers to beware. If a home appears messy or disorganized, homebuyers' imaginations can quickly run wild about all of the problems lurking beneath the surface. If you want your home to look like a buyer's dream house, here are some things to do:

Capture Curb Appeal

You only get one chance to make a first impression, so start off on the right foot by wowing potential buyers as soon as they pull up to your house. Mow the lawn and plant some blooming flowers to refresh any less-than-thriving landscaping. Add fresh mulch to the flower beds and make sure that all walkways, sidewalks, and the driveway are swept free of any leaves, dirt, or debris. Give siding a good power washing to revive its color and while you're at it, give all of the window exteriors a thorough cleaning. If you have a front porch or patio, make sure it's clean and uncluttered. Add a new set of outdoor furniture to create an enticing outdoor living area. And most importantly, make sure your house number is easy to read.

Update Outdated Details

Do your curtains look straight out of the '90s? Do you still have a floral wallpaper border in the powder room? Are the dusty rose mini blinds showing your home's age? If any detail is making your home look outdated, it's time for a replacement with something more neutral. Replace the colored mini blinds with classic wooden blinds from The Shade Store and ditch the ruffled curtains in favor of simple fabric panels. Remove the wallpaper border and give the powder room a fresh coat of white paint. You'll be surprised at how such simple details can quickly bring the look of your home up-to-date.

Minimize Personal Photos

Yes, personal touches like your favorite family photos are part of what makes your house feel like home, but that's also the problem. You want to make your buyer feel at home in your space, and an excess of personal photos and mementos can be alienating to an outsider. Get a head start on packing for the big move and start boxing up framed photos and other family keepsakes now. Does your space seem bare without those little touches? Incorporate some simple, framed art prints or landscape photographs. By choose neutral details like this, you minimize the distractions for a potential buyer and allow them to better envision themselves in the home.

Use Gender-Neutral Decor

Sure, many women are in charge of the home decorating, but that doesn't mean the decor shouldn't appeal to male buyers. From bachelors and single dads, to men who have the final say on the new family home, your decor needs to appeal to men. Opt for gender-neutral wall color, bedding, and other details in the master suite to boost the space's universal appeal.

Clear the Clutter

If you think you find your own clutter annoying as it piles up, think how much more annoying someone else's junk might be. That's exactly how a potential buyer is going to feel about that stack of mail on the entry table and the piles of magazines in the living room. Limit the belongings that buyers can see to the bare essentials. This may seem like an overwhelming project, but simply go room by room and it be done before you know it.

New Lakeshore Realty Homes for Sale in Lake Tahoe, Incline Village Nevada

by Lakeshore Realty
  • New Lakeshore Realty Homes for Sale in Lake Tahoe, Incline Village Nevada

These are some of the newest listings at Lakeshore Realty on the North Lake Tahoe's Incline Village Real Estate Market.

1048 Apollo Ct.

Bed: 3
Bath: 2.5
Year: 1982
Sq. Ft.: 2817

Price: $1,249,000

 

Listing Agent:
Chris & Patti Plastiras

Remodeled Lake View Home! Great room floor plan. Remodeled kitchen with granite counters, stainless steel appliances, 6 burner Dacor gas stove and hardwood floors. New gas fireplace in living room. Living room has vaulted ceilings and walls of windows. Large deck perfect for enjoying the wonderful views of Lake Tahoe. Master bedroom on separate level with remodeled bathroom, 2nd washer & dryer, private deck and attached office area. 

 

123 Juanita Dr.

Bed: 3
Bath: 2
Year: 1971
Sq. Ft.: 1168

Price: $524,000

 

Listing Agent:
Carole Madrid

Custom remodel just completed~all hardwood & slate flooring, stone f'place,new gas heating,new doors,carpet & paint, fans in all bedrooms, ,tile/granite kitchen/baths-shows beautifully. Two decks for entertaining, best location in complex~close to pool. Private setting. 

 

475 Lakeshore Blvd.

Bed: 3
Bath: 3
Year: 1970
Sq. Ft.: 2100

Price: $2,100,000

 

Listing Agent:
Kristi & Jamie

Beautifully remodeled lakefront condominium with 3Bdrms 3Baths and one car attached garage. Hardwood flooring, slab granite countertops, Anderson sliders and Viking appliances. Fully furnished turn-key. Access to shared pier and buoy.  

 

400 Fairview Blvd.

Bed: 2
Bath: 2.5
Year: 1996
Sq. Ft.: 1588

Price: $484,500

 

Listing Agent:
Peg Augustus

Spectacular mountain views from this exceptional Bitterbrush. Spacious open floorplan with living room, dining area & kitchen flowing together for easy living. Kitchen has granite counters & new appliances. High vaulted ceilings & fireplace in living room. Unwind on the deck & take in the gorgeous views. 2 master suites plus large loft for 3rd bedroom, office or den. Great location just across from the ski resort and a 5-min drive to lake, beaches, golf courses. Decorator furnishings included.

 

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Price Reduction: 580 Ponderosa Avenue

by Lakeshore Realty

One of our listings at Lakeshore Realty had a major price drop:

580 Ponderosa Avenue

Beautiful Home!

This home feels like an estate as you pull into the large private drive. The residence backs to non buildable forest service land protecting your privacy. The low elevation makes this an easily accessible home anytime of the year. Dining outside on the large patio is where you will find yourself during the summer months.

The ultimate " Tahoe Mountain Lifestyle" comes alive in this Residence.

Slate entry

Rock fountain

Vaulted wood-beamed ceilings

Floor-to-ceilings windows

Open floor plan

 

Bed: 5
Bath: 4.5
Sq. Ft.: 4,628

 

VirtualTour

OLD PRICE: 2,999,500

NEW PRICE: 2,699,000

 

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000 begin_of_the_skype_highlighting 775-831-7000 FREE end_of_the_skype_highlighting. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.


As your most expensive purchase to date, buying your first home can be an intimidating process. Between mortgage rates, hefty down payments (you have an extra $50k lying around, right?) and actually finding that perfect place to call home sweet home, it all makes you want to reconsider renting for life. Here's some tried and true advice to help prepare you to take that big next step:

Determine a Budget

How much can you reasonably afford to pay towards your mortgage each month? Use your current rent payment as a guide to help determine what kind of payment is ideal for you and then work backward to determine what price range of home that equates to. Then, peruse online real estate listings in that price range in your desired area and find out if the options available will suit your needs. If so, your price range estimate is in line with both your real estate wishlist and what you can actually afford. If not, you need to get back to the drawing board to determine where you're willing to make compromises. Perhaps you are willing to spend more each month to be in that great neighborhood downtown.

Boost & Protect Your Credit Score

If you want to get one of the best available mortgage rates, you need to have a top-notch credit score to match. In an interview with Bankrate.com, former FICO executive John Ulzheimer noted that to get the best rates, strive for a credit score of 750 or above, though you can still get a good deal with a score between 700 and 750. While you still may be able to secure a decent rate with a lower credit score than that, you will likely be required to make a larger down payment in order to secure that rate than someone with a higher score would.

Once you find out your score, review the results to ensure everything is accurate. It's not uncommon for a settled debt to be mistakenly lingering or for identity theft to render your report inaccurate. Protect your credit from identity theft with a protection service that monitors your profile to prevent from becoming an unknowing victim of cybercrime. Boost a lower score by making on-time payments to settle debts. Stabilize your rating by not applying for any new lines of credit between one year before buying a home and your closing.

Start Saving

You may already have a little nest egg set aside, but once you've determined your budget, calculate the exact amount you'll need for a down payment. Consult a real estate professional or use an online closing costs calculatorto help you calculate a ballpark figure for your closing costs so you can have cash on hand for those as well. Once you have an estimate of how much you'll never to save for a downpayment and closing costs, develop a schedule for how much you need to save between now and when you plan to start house hunting.

Save Some More

Don't stop stashing away extra cash just because you've hit your savings goal to cover a down payment and closing costs. Mortgage lenders want to see that you have a healthy savings cushion to protect their investment. For the best rate possible, stick to a tight budget so it's obvious you aren't living paycheck to paycheck (even if you currently are). Use a budgeting app like Mint or a more in-depth financial planning program from a guru like Dave Ramsey. Set a goal for how much to save from each paycheck or at the end of every month to help keep yourself on track. To lessen the temptation to spend, have the funds direct deposited into your savings account from your paycheck each pay period. You'll be proud of this extra effort once you finally find your dream house. The extra cash on hand can be put to good use for home maintenance, improvements or emergency repairs.

  

  • Sold Properties by Lakeshore Realty Agents and Sold Lakeshore Realty Listings in September 2014

Below we have a list of properties that were sold in September 2014 by Lakeshore Realty Real Estate Agents and properties that were listed by Lakeshore Realty agents and were sold on the North Lake Tahoe, Incline Village and Crystal Bay real estate market.

875 Donna Dr.

Bed: 4
Bath: 2
Year Built: 1969
Sq. Ft.: 1900

Days on Market: 79
Sold Date: 09/29/2014
Sold Price: $625,000

Listing Agent:
Yvette Shipman

 

517 Cross Bow

Bed: 5
Bath: 5.5
Year Built: 2014
Sq. Ft.: 6600

Days on Market: 595
Sold Date: 09/18/2014
Sold Price: $5,100,000

Selling Agent:
Pat Evans  

 

416 Country Club Dr.

Bed: 6
Bath: 4.5
Year Built: 1976
Sq. Ft.: 3677

Days on Market: 225
Sold Date: 09/29/2014
Sold Price: $820,000

 Listing Agent:
Tim Lampe 

 

964 Jennifer

Bed: 3
Bath: 3
Year Built: 1979
Sq. Ft.: 2240

Days on Market: 27
Sold Date: 09/08/2014
Sold Price: $680,000

Listing Agent:
Peg Augustus 

 

914 Jennifer

Bed: 3
Bath: 3.5
Year Built: 1996
Sq. Ft.: 2886

Days on Market: 290
Sold Date: 09/19/2014
Sold Price: $765,000

Listing Agent:
Peg Augustus

 

899 Southwood Blvd.

Bed: 3 
Bath: 2.5
Year Built: 1996
Sq. Ft.: 2323

Days on Market: 196
Sold Date: 09/29/2014
Sold Price: $925,000

    Selling Agent:
     Peg Augustus

 

931 Incline Way

Bed: 2
Bath: 2
Year Built: 1989
Sq. Ft.: 1111

Days on Market: 175
Sold Date: 09/16/2014
Sold Price: $444,000

Selling Agent:
Carole Madrid

807 Alder 

Bed: 1 
Bath: 1
Year Built: 1978
Sq. Ft.: 667

Days on Market: 8
Sold Date: 09/09/2014
Sold Price: $175,000

    Listing Agent:
     Wade Holiday

 

 

123 Juanita Dr.

Bed: 3
Bath: 2
Year Built: 1971
Sq. Ft.: 1168

Days on Market: 174
Sold Date: 09/02/2014
Sold Price: $398,000

 Selling Agent:
Carole Madrid

 

939 Incline Way

Bed: 2
Bath: 2
Year Built: 1990
Sq. Ft.: 1111

Days on Market: 6
Sold Date: 09/10/2014
Sold Price: $439,000

Listing Agent:
Peg Augustus

 

 

213 Lark Ct.

Bed: 3
Bath: 2
Year Built: 1999
Sq. Ft.: 1481

Days on Market: 7
Sold Date: 09/26/2014
Sold Price: $465,000

 Selling Agent:
Tim Lampe

 

120 State Route 28

Bed: 4
Bath: 4.5
Year Built: 1980
Sq. Ft.: 2857

Days on Market: 129
Sold Date: 09/15/2014
Sold Price: $2,450,000

 Selling Agent:
Carole Madrid
​​

 

 

335 Ski Way

Bed: 1
Bath: 2
Year Built: 1988
Sq. Ft.: 1064

Days on Market: 770
Sold Date: 09/12/2014
Sold Price: $274,000

 Selling Agent:
Pam Fernandez
​​

 

 

400 Fairview Blvd. #99

Bed: 2
Bath: 2
Year Built: 1991
Sq. Ft.: 1351

Days on Market: 96
Sold Date: 09/29/2014
Sold Price: $429,000

 Selling Agent:
Sharon Peplau

 

400 Fairview Blvd. #94

Bed: 4
Bath: 3.5
Year Built: 1993
Sq. Ft.: 2376

Days on Market: 86
Sold Date: 09/09/2014
Sold Price: $615,000

 Selling Agent:
Carole Madrid

 

 

321 Ski Way #242

Bed: 3
Bath: 2.5
Year Built: 1971
Sq. Ft.: 1360

Days on Market: 25
Sold Date: 09/15/2014
Sold Price: $330,000

 Selling Agent:
Pam Fernandez

 

 

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

North Lake Tahoe September 2014 Real Estate Sales Comparison

by Lakeshore Realty
  • North Lake Tahoe September 2014 Real Estate Sales Comparison

The charts bellow reflect Incline Village real estate sales for the month of September in the past 5 years. These reports we're created individually for Residential Home sales and Condominium Sales.

  • Residential Home Sales Report


Click here for larger image

- Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Home sales.

  • Condominium Sales Report

Click here for larger image

- Please note that the report above was created using data extracted from the MLXChange System and reflects Condominium sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

How to Raise the Money You Need for a Down Payment on a Home

by Lakeshore Realty

More than one person out of five finds coming up with a down payment the biggest challenge of the homebuying process, according to a 2013 HSH survey. Almost 23 percent of 786 respondents identified the down payment as their biggest hurdle, representing the second most common obstacle cited, behind home price at 23.5 percent. It's not easy, but you can come up with the money you need to buy a house. We've highlighted some of the best strategies below.

Estimate Your Down Payment

In December 2013, the median price for existing homes was $198,000, according to the National Association of Realtors. Under traditional lending guidelines, this equates to a 20 percent down payment of $39,600. Government and private mortgage insurance enables some low down payment mortgage options—as low as 3 to 5 percent down, as this FCIC online guide explains.

Make sure you compare multiple lenders to help identify a payment plan within your means. To keep payments manageable, test your repayment capacity by projecting a monthly savings amount equivalent to the difference between your current rent and projected mortgage.

Create a Savings Plan

Use a tool such as TimeValue's online calculator to determine how much you need to set aside per month to achieve a savings goal within a given time frame. For instance, to save up a $40,000 down payment for a $200,000 house within three years, starting with a $1,000 deposit into a 0.87 percent APY savings account, you would need to set aside $1,068.92 a month, or $246 weekly. For comparison, a 5 percent down payment of $10,000 on the same house would only require $246 per month.

Your plan should include a strategy for making your financial profile attractive to prospective lenders. Lenders consider factors such as the ratio of your down payment to your home's value, your debt-to-income ratio and your credit rating. Lenders will view you as less of a loan risk if you improve your credit score. You can do this by making monthly payments on time and keeping your balance low, ideally within 10 to 20 percent of your limit.

If you have high debt balances, look for ways to pay them down or off, thereby increasing your credit score. If you receive periodic payments from an annuity or structured settlement, you may be able to raise a lump sum of cash now by selling your future payments to a company like J.G. Wentworth. You could put this money toward reducing your balance or raising your down payment.

Start Saving

A good way to start is setting up a dedicated savings account. NerdWallet's John Gower reviews the best savings account rates available as of summer 2014.

Some homebuyers use retirement savings to raise their down payment, an option with various pros and cons. One strategy is reducing your retirement contribution temporarily, just long enough to raise your down payment. Some 401(k) plans have borrowing and hardship distribution provisions. First-time home buyers can withdraw $10,000 from an IRA without incurring a penalty, although if you have a traditional IRA, this is subject to tax.

Single Family Home sales in 2014

by Lakeshore Realty

Single Family Residential homes sold so far in 2014, broken down into Incline Village Real estate subdivisions.



September 2014 Incline Village Real Estate Office Rankings

by Lakeshore Realty

Lakeshore Realty is still the leader in Real Estate sales in the Incline Village and Crystal Bay real estate market. So far this year our office was involved in the sale of 124 properties around the North Shore of Lake Tahoe. Looking forward, our office is dedicated to ensure that all our clients real estate needs are fulfilled.


4 good things about rising interest rates — and 4 bad

by Lakeshore Realty

4 good things about rising interest rates — and 4 bad

By Stephen Cook of HSH.com

 

Mortgage rates have crept up in recent weeks. But are higher mortgage rates really so terrible? Is there a silver lining or two?

Here are four benefits and four concerns about rising mortgage rates.

 

 

Good thing No. 1: Rising rates are often a sign of an improving economy

Rising interest rates are, according to many experts, a sign of national economic recovery.

Increases in mortgage interest rates suggest that consumer confidence is rebounding and that consumers are better able to pay higher interest rates. Higher mortgage rates are also a sign that uncertainty is lifting among investors who perceive that the economy is getting better -- and that their money can get better returns with more risky assets. But before scaling back bond purchases and risking higher rates, Fed Chairman Ben Bernanke wants to see substantial improvement in the economy.

"Higher rates mean the economy is doing better, which is good for housing prices," says John Walsh, president and founder of Total Mortgage in Milford, Conn.

Good thing No. 2: The return of purchase mortgages

Higher mortgage rates have caused refinance activity to dry up, resulting in more competition for homebuyer business, improved service and even relaxed lending standards.

Two of the most important lending standards have already begun to ease, Walsh says.Loan-to-value ratios have already responded a bit, and debt-to-income ratios are a little more flexible now than they were.

"Efforts by lenders to get more mortgage business is positive, and there's even more interest in jumbo loans," Walsh says.

Good thing No. 3: Today's rates are still historically low

When all is said and done, today's current mortgage rates are still historically low, and the rate increases to date have not significantly hurt affordability.

"The real question is not what effect rising mortgage rates will have on the housing recovery," says Frank Nothaft, chief economist at Freddie Mac in Washington, D.C. "There's sure to be an impact, but will it be enough to stall the recovery? We don't think so. Demand is strong, supply is limited and, for most families in most markets, housing affordability is still strong."

Good thing No. 4: More sales

Higher rates coupled with rising prices will push buyers "off the fence," resulting in increased sales, says Bernice Ross, founder and CEO of RealEstateCoach.com in Austin, Texas.

An increase of 25 basis points on a 30-year, fixed-rate loan at today's prices could cost borrowers thousands over the life of the loan, Ross says. "Coupled with today's rising prices, [higher] rates will highly motivate buyers to jump on the bandwagon."

Bad thing No. 1: Increased costs

"Quite simply, higher rates make homeownership more expensive," says Will Stein, a real-estate broker at Bel Air Realty in Bel Air, Md. "Buyers pay more for less of a home, and higher rates price some buyers out of the market altogether."

According to HSH.com, 30-year conforming mortgage rates have risen from 3.49% in May to 4.63% in July. That increase adds about $66 a month to a $100,000 mortgage. Rate increases to date combined with the 12% rise in home prices in the past 12 months mean that mortgage payments have gone up by about 25% for a typical homebuyer.

Bad thing No. 2: Deterring homeownership

Low interest rates do more than low home prices to keep affordability in place for homebuyers. According to the State of the Nation's Housing 2013 report by Harvard University, home-price gains in 2012 did little to offset affordability thanks to consistently lower interest rates.

Bad thing No. 3: Higher rates could threaten the housing recovery

"The rate increases since April 1 are a tough pill to swallow for someone buying a home who has to settle for having $20,000 or $30,000 less to buy a home than he would have if he had bought before April," Walsh says. "Some people aren't going to be able to buy a home where they could have before. These are going to impact the housing recovery, which isn't as strong as many think."

Bad thing No. 4: Fewer refinances

With about 20 million homeowners still underwater and unable to refinance, rising mortgage rates will continue to diminish the pool of qualified borrowers who can refinance at an attractive rate.

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