Incline Village Real Estate Blog, Lake tahoe Real Estate Blog.

Incline Village Real Estate Agent Blog, Lake Tahoe Nevada Real Estate Agent Blog.

Lakeshore Realty

Blog

Displaying blog entries 1-10 of 707

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.

900 Ace Ct.

Bed: 3
Bath: 2
Year: 1988
Sq. Ft.: 1960

Price: $770,000

 

Listing Agent:
Diane Brown  

Light bright wonderfully maintained single level home with large 2 car garage and quick access to the golf course! Gourmet kitchen, new roof, water heater & furnace. Spa Tub & Shower in master bath with additional closet space. Separate fenced area for garden (with raised bed), or a dog run. Sit out on your covered deck or your open deck to enjoy the yard. Boat parking on side yard. **Contact listing Agent to arrange showing.

 

716 Birdie Way

Bed: 4
Bath: 3
Year: 1984
Sq. Ft.: 2504

Price: $750,000

 

Listing Agent:
Carole Madrid

Mountain retreat on cul-de-sac surrounded by forest service and creek.  Home is set back from street and driveway is south facing and has a turn-around.  Super neighborhood -4 bedrooms/3 bathrooms, beamed ceilings and remodeled kitchen w/french doors to sunny deck overlooking woods.  Master on main level.  Family room and bedrooms on lower level.  New roof in 2008.  Lovely Home!

 

180 Lake View Ave.

Bed: 4
Bath: 3.5
Year: 1979
Sq. Ft.: 3149

Price: $2,200,000

 

Listing Agent:
Pat Evans  

HUGE, Stunning Lake View with one level living! Privacy galore-other views are the forest, mountains, ski runs & landscaped yard! This is what buyers look for! Entry, Garage, Living rm, Dining, Kitchen, Master Suite, guest bath & deck all on main level! Floor to ceiling wall of windows in living rm w/rock FP. Granite kitchen counters & island. Guest bedrooms/office & Family rm w/FP on lower level, all w/Lake Views. 2 baths, laundry rm & several storage areas on this level too. Air cond. Must see!

 

207 Nadine

Bed: 4
Bath: 3.5
Year: 1979
Sq. Ft.: 2550

Price: $674,000

 

Listing Agent:
Peg Augustus

Beautiful garden greets you as you enter this lovely home on a quiet cul-de-sac just minutes from hiking trails. Kitchen features granite counters, gas cook-top, stone tile flr & breakfast room. Wood floors extend into the living room with vaulted ceilings & fireplace w/access to side deck. Separate dining room & add'l loft. Master on entry level with living area. Backyard has spacious stone patio & garden. Best buy under $700,000...don't miss it!

 

829 Carano Ct.

Bed: 3
Bath: 2
Year: 1965
Sq. Ft.: 1256

Price: $575,000

 

                                               Listing Agent:
Diane Brown 

Wonderful quiet neighborhood at low elevation and close to schools. This Lot has a 3/2 AS IS, Where Is, How Is, home located on a half acre lot. This could be the opportunity you have been waiting for to own a piece of Incline Village in a desirable neighborhood and build a new home.  An As Built Survey is awaiting you and your architects designs. TRPA total allowable coverage is 6,611'.  

 

203 Robin

Bed: 3
Bath: 3
Year: 1995
Sq. Ft.: 1866

Price: $549,000

 

                                               Listing Agent:
Chris & Patti Plastiras

Wonderful low elevation Townhome!  No HOA dues!  Open kitchen dining and living area.   Master bedroom on main living level with walk-in closet, large bathroom, double sinks, separate shower and jacuzzi tub. Original owner, property shows perfect!  Large 2 car garage.  Entry level has second master bedroom with private bath, walk-in closet and kitchenette/wet bar.  New Trex deck,  roof a few years old and fenced back and side yards.      

 

123 Juanita Dr.

Bed: 3
Bath: 2
Year: 1971
Sq. Ft.: 1253

Price: $439,000

 

Listing Agent:
Peg Augustus

Ideal location just 1/2 block from the lake.  Easy walk to center of town and Hyatt.  This sunny end unit has a great location in the complex close to the pool. The living room has vaulted ceilings, skylight and wood-burning fireplace.  The master is conveniently located on the first floor with the living room and there are just a few steps at the outside entry. Upgraded with gas furnace and dual-pane windows. Living room/dining room furniture included. 

 

391 Willow Ct.

Bed: 2
Bath: 2
Year: 1978
Sq. Ft.: 1544

Price: $305,000

 

                                               Listing Agent:
Jamie & Kristi

Nicely maintained end unit with updated appliances, a fenced yard and two master suites.  Surprisingly private once inside with open space views from the back deck.  Short sale terms apply

 

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 August 2014 Real Estate Sales Comparison

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

The charts bellow reflect Incline Village real estate sales for the month of August 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.

August 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 106 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.

What you need to apply for a mortgage

by Lakeshore Realty

What you need to apply for a mortgage

By Dan Rafter of HSH.com

When it comes time to apply for a mortgage in 2014, you might be surprised at how much documentation you'll need.

J.D. Crowe, president of Southeast Mortgage in Lawrenceville, Ga., says most of the documentation should be familiar to you if you have applied for a mortgage loan in the last five years. If you're new to the mortgage market this year, he says, this is all new.

The new qualified-mortgage rules that took effect on Jan. 10 make this paperwork even more important. To meet the rules, lenders will be even more diligent in collecting the paperwork that proves that you can afford your monthly mortgage payments. David Reiss, professor of law at Brooklyn Law School in Brooklyn, N.Y., says that while the documentation requirements under the rules might come as a shock to those who haven't applied for a mortgage since 2008, they are common-sense requirements, for the most part.

"These are really common-sense rules," Reiss says. "The new rules say that mortgage lenders are no longer allowed to throw out the common-sense standards of lending money during boom times, when they might be tempted to overlook long-term financial goals for quick profits. If the rules help that happen, they'll be a good thing."

Here are the documents you'll need to supply today to satisfy mortgage lenders.

 

Full tax returns from the past two years

You'll have to provide all the pages from both sets of returns. Jordy Castillo, national sales director at GFI Mortgage Bankers in New York City, says that your lender requires two years of returns to verify that your household income was consistent. Lenders get nervous when your household income fluctuates by too much from year to year.

You can request a copy of your past returns by filling out Form 4506, "Request for Copy or Transcript of Tax Form," from the IRS.

Two most recent pay stubs from your employer

Make sure these are current, or your lender won't accept them. Your lender wants to approve you based on your current salary. If you haven't saved your pay stubs on your own, request them from your company's human-resources department.

Financial statements from the past two months

You can request these statements from your bank or print them yourself if you have access to online banking. Some lenders might also request copies of all your retirement accounts, investment accounts or both. The thinking is that you can access these funds in a financial emergency -- even if doing so generates a penalty -- if you need extra money to repay your mortgage loan, Castillo says.

Photo ID

Everyone whose name will be on the loan needs to provide a photo ID.

Signed sale contract

You will only have to provide this when you finally make an accepted offer on a residence, not if you're applying for a preapproval.

Proof of homeowners insurance

Lenders won't give you a mortgage loan if you don't first take out an insurance policy on your new home.

Written verification of your position and salary

Make sure this is dated and written on company letterhead. Your lender might also call your employer during the underwriting process to verify that you haven't lost your job since the time you applied for your mortgage, Castillo says.

Canceled rent or utility checks

Lenders might request canceled rent or utility checks from first-time buyers to prove you have a history of on-time payments, according to the Consumer Financial Protection Bureau.

Gift letters

If someone is giving you a financial contribution to help cover closing costs or a down payment, you'll need to provide a "gift letter" from the donor stating the amount, that the funds were a gift and do not need to be paid back.

1099 forms

If you are self-employed you will have to provide copies of your 1099 forms to your lender. These forms show how much money you were paid as an independent contractor from various clients during a year.

These forms, combined with your past two years of tax returns, will help prove that your self-employed income is steady. Customers who pay you $600 or more in a given year are required to send you a 1099 form.

Price Reduction: 405 Tracy Court

by Lakeshore Realty

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

405 Tracy Court

“Clear Water Lodge”​

 
By far one of Tahoe’s most beautiful and exclusive great room floor plans! After crossing the distinctive waterfall entry, the lodge foyer says “You Have Arrived” as you step down hand-carved railing staircases to massive glass walls of windows on the main level.​ Hardwood floors throughout with flag stone in the entry, mud room and in the 150 Sq. Ft. wine room.  Spacious kitchen fit for a gourmet and gorgeous lake views from the adjacent dining room.  Large entertaining deck wraps around the entire living space, with access to the expansive lawns and hot tub.​

 

Bed: 5
Bath: 5 Full & 2 1/2
Sq. Ft.: 6,330
Remodeled: 2008

VirtualTour

OLD PRICE: 3,895,000

NEW PRICE: 3,495,000

 

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.

From Quaint Cottage to Luxury Lake House: 3 Upgrade Ideas for Your Home

by Lakeshore Realty

Whether you’re headed to the lake for relaxation or recreation, where you lay your head at night is the place you call home. So why not make it more than just livable? Convenience and atmosphere are both major considerations, but beyond the indoor amenities lie multiple outdoor opportunities. It doesn’t matter if it’s a weekend getaway or year-round living location, use these tips to upgrade your lake house inside and out.

 

Wow Them With Windows

A small detail that can make a huge difference—wide open windows at a lake house are a must. If possible, knock out any walls that obstruct your lakeside views. Replace lake-facing doors with sprawling sliding glass or french doors, and use your decor to mesh the indoor and outdoor spaces. In addition to a few large windows, consider installing awning and hopper windows throughout the major sitting rooms. Great for adding natural light to small spaces, awning windows can offer great ventilation without letting in debris or any other unwanted elements. Plus, nothing beats the view of the water—no matter if you’re in the kitchen preparing a midday snack or in the living room after a long day on the lake, so give yourself plenty of outside-peeking options.

Do-It-Yourself Deck

If sunbathing is more your style, lounging on the deck with a drink in your hand may fit the bill. Especially great for homes that are close to but aren’t quite on the water, a deck can offer stunning views, more square footage and if they’re tall enough, added privacy. To get started, contact South Tahoe’s city planning, land use and zoning department to review any requirements or to obtain a permit. Once you get the go-ahead, evaluate what you’re working with. If you’re resurfacing or adding on to a current deck, consider renting a scissor lift and doing most of the work yourself. If you’re starting from scratch, determine if you’re up for the challenge. According to This Old House general contractor Tom Silva, a 10x16-foot pressure-treated deck will take 4-6 days to complete and could cost between $800-$1000. On the DIY home improvement site, he put the project’s difficulty rating at moderate to hard.

Clever Cookery

Everyone likes to enjoy the spring and summer months with barbecues, picnics and romantic sunset dinners. Create your very own culinary escape in your backyard with an outdoor kitchen. If you already have a deck or patio, or plan to build one, a kitchen addition can give your backyard that pop of flair that it needs.

Begin with your appliances and grilling station. Consider a gas grill equipped with a rotisserie rack and warming drawers. For the ultimate in outdoor entertaining, pair your gas grill with a high-powered charcoal grill, smoker and stainless-steel accessories including a refrigerator and sink. For the pizza lovers out there, consider a wood burning oven. Decorate your kitchen area with furnishings that compliment the natural area as well as your home style. For modern homes, consider sleek industrial looking furniture. Traditional homes can incorporate luxurious additions like Tuscan style dining tables, chairs, granite countertops and accessories. Suited for large scale entertaining, or intimate gatherings over a bottle of wine, the addition of an outdoor kitchen can provide entertainment throughout the spring and summer seasons. 

July 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 84 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.

Refinancing Rebounds Slightly as Rates Dip

by Lakeshore Realty

As interest rates pulled back last week, refinancing drove mortgage application activity slightly higher.  The Mortgage Bankers Association said that its Market Composite Index, a measure of application volume, increased 1.4 percent on a seasonally adjusted basis during the week ended August 15 and was up 1 percent on an unadjusted basis.

Refinancing activity increased to a 55 percent share of mortgage applications from 54 percent the previous week and the Refinance Index increased 3 percent.  The spike in refinancing was offset by a decline in applications for purchase mortgages and the seasonally adjusted Purchase Index decreased 0.4 percent from the week ended August 8. 

Refinance Index vs 30 Yr Fixed

 

Refinance Index30 Yr. Fixed201020112012201320143.544.5530 Yr. Fixed

 

The unadjusted Purchase Index decreased 2 percent from the previous week and was 11 percent lower than during the same week in 2013. 

 

Purchase Index vs 30 Yr Fixed

 

Purchase Index30 Yr. Fixed201020112012201320143.544.5530 Yr. Fixed

 

"Interest rates dropped last week as a result of the ongoing turmoil in Ukraine and other international concerns, which in turn pushed mortgage rates lower," said Mike Fratantoni, MBA's Chief Economist. "Overall application volume for conventional mortgages increased. However, there was a 5.9 percent decline in the number of applications for government mortgages, with both purchase and refinance applications declining. Within the government sector, this decline was led by an 8 percent decline in unadjusted Department of Veterans Affairs applications, while Federal Housing Administration and Rural Housing Service unadjusted applications also fell by 5 percent and 3 percent respectively."

The average contract interest rates and the effective rates of all mortgage products declined during the week.  The average interest rate of 30-year fixed-rate mortgages (FRM) with conforming loan balances ($417,000 or less) decreased to 4.29 percent from 4.35 percent, with points increasing to 0.26 from 0.22.  The average rate for 30-year jumbo FRM (balances greater than $417,000) fell six basis points to 4.18 percent while points increased to 0.23 from 0.19.

Thirty-year FRM guaranteed by the FHA had an average rate of 3.99 percent, down from 4.04 percent.  Points were unchanged at 0.03.

The 15-year FRM had an average rate of 3.44 percent during the week.  This was a decrease from 3.48 percent and points were unchanged at 0.30.

The share of applications that were presented for adjustable rate mortgages (ARMs) moved off of 8 percent for the first time in months, decreasing slightly to 7.8 percent.  The average contract rate for the most common version the 5/1 hybrid ARM decreased to 3.10 percent from 3.24 percent and points decreased to 0.44 from 0.45.

MBA's Weekly Mortgage Applications Survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted since 1990. Respondents include mortgage bankers, commercial banks and thrifts. Base period and value for all indexes is March 16, 1990=100 and interest rate information is based on loans with an 80 percent loan-to-value ratio.  Points include the origination fee.

SOURCE: www.mortgagenewsdaily.com

7 must-knows about FHA loans

by Lakeshore Realty

7 must-knows about FHA loans

What is an FHA loan?

In the wake of the housing bubble's collapse, FHA loans have taken on renewed importance for today's mortgage borrowers.

Simply stated, an FHA loan is a mortgage insured by the Federal Housing Administration, a government agency within the U.S. Department of Housing and Urban Development. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan.

Because of that insurance, lenders can — and do — offer FHA loans at attractive interest rates and with less stringent and more flexible qualification requirements.

Following are seven facts all buyers should know about FHA loans.

 

Less-than-perfect credit is OK

As of September 2010, minimum credit scores for FHA loans depend on the type of loan the borrower needs, according to the FHA, but scores should be 580 or better.

Those with credit scores between 500 and 579 are limited to borrowing 90 percent loan-to-value.

A credit score of 500 or less generally means you won't be eligible. The FHA will make allowances under certain circumstances for applicants who have what it calls "nontraditional credit history or insufficient credit" if they meet requirements. Ask your FHA lender or an FHA loan specialist if you qualify.

Minimum down payment is 3.5 percent

The FHA requires a down payment of just 3.5 percent of the purchase price of the home. That's a fraction of the percentage typically required on most other loans and a "huge attraction," says Dennis Geist, senior director, compliance and fair lending at Treliant Risk Advisors and formerly a vice president of government programs for another lender.

Borrowers can use their own savings to make the down payment. But other allowed sources of cash include a gift from a family member, or a grant from a state or local government down payment assistance program.

Closing costs may be covered

The FHA allows home sellers, builders and lenders to pay some of the borrower's closing costs, such as an appraisal, credit report or title expenses. For example, a builder might offer to pay closing costs as an inducement for the borrower to buy a new home.

Lenders typically charge a higher interest rate on the loan if they agree to pay closing costs. Borrowers can use the good faith estimate of closing costs — commonly known as the GFE — to compare interest rates and closing costs on different loans and figure out which option makes the most sense. commonly known as the GFE — to compare interest rates and closing costs on different loans and figure out which option makes the most sense.

Lender must be FHA-approved

Because the FHA is not a lender, but rather an insurance fund, borrowers need to get their loan through an FHA-approved lender (as opposed to directly from the FHA). Not all FHA-approved lenders offer the same interest rate and costs — even on the same FHA loan.

Costs, services and underwriting standards will vary among lenders or mortgage brokers, so it's important for borrowers to shop around.

Mortgage insurance is a must

Two mortgage insurance premiums are required on all FHA loans: The upfront premium is 1.75 percent of the loan amount and is paid when the borrower gets the loan but can be financed as part of the loan amount.

The second is the annual premium, which varies based on the length of the loan, the amount borrowed and the initial loan-to-value ratio (LTV). The current annual premiums for loans less than $625,500 are:

  • 15-year loan, LTV more than 90 percent: 0.7 percent
  • 15-year loan, LTV 90 percent or less: 0.45 percent
  • 30-year loan, LTV more than 95 percent: 1.35 percent
  • 30-year loan, LTV 95 percent or less: 1.3 percent

"The perception is that that sounds expensive," Geist says.

However, he adds, borrowers need to compare the FHA-insured loan to a loan that's not FHA-insured (and consequently requires a much larger down payment). In many cases, the FHA loan is still the best choice, he says.

Extra cash available for repair

The FHA has a special loan product for borrowers who need extra cash to make repairs to their homes. The chief advantage of this type of loan, called a 203(k), is that the loan amount is based not on the current appraised value of the home but on the projected value after the repairs are completed. A so-called "streamlined" 203(k) allows the borrower to finance up to $35,000 in nonstructural repairs, such as painting and replacing cabinets or fixtures, Geist says.

Financial hardship relief allowed

FHA insurance isn't intended to be an easy out for borrowers who feel unhappy about their mortgage payments. But loan servicers can offer some relief to borrowers who have an FHA-insured loan, have suffered a serious financial hardship and are struggling to make their payments. That relief might be a temporary period of forbearance, a loan modification that would lower the interest rate or extend the payback period, or a deferral of part of the loan balance at no interest.

By Marcie Geffner of Bankrate.com

Incline Village Real Estate Market Update

by Lakeshore Realty

Incline Village Real Estate Market Update

The charts below reflect North Lake Tahoe, Incline Village and Crystal Bay real estate data collected from the MLXchange system. 

The data reflected in these charts was collected starting 1/1/14 through 08/14/14.


To see a larger image of the chart above click here.

To see a larger image of the chart above click here.

To see a larger image of the chart above click here.

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.

Displaying blog entries 1-10 of 707

Syndication

Categories

Archives

Lakeshore Realty - Incline Village and Lake Tahoe Real Estate Market Experts