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North Lake Tahoe Real Estate Sales November Comparison

by Lakeshore Realty
  • North Lake Tahoe Real Estate Sales November Comparison

The North Lake Tahoe Real Estate Sales for the month of November are very close to the 2009 when it comes to Number of Sold Homes. The number of Days on Market has a significant increase in the last two years.

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

To access all the Incline Village and Lakeshore Realty listings please click here. Or you can contact us at 775-831-7000 or you can visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

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

This is one of the newest listings at Lakeshore Realty on the North Lake Tahoe Real Estate Market.

720 Champagne Rd.

Bed: 4
Bath: 3.5
Year: 1964
Sq. Ft.: 2500

Price: $1,295,000

 

Listing Agent:
Tim Lampe  

Located on one of Inclines most desirable streets, 720 Champagne is a premium lakeview setting.  2,500 sf vintage home plus 1,000 sf of finished basement, 2 car garage  BMP's complete, 12,735 sf coverage per TRPA. Call LA for TRPA docs and survey.

To access all the Incline Village and Lakeshore Realty listings please click here. Or you can contact us at 775-831-7000 or you can visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Homes Sold by Lakeshore Realty Real Estate Agents in the Past 30 Days

by Lakeshore Realty
  • Sold Properties by Lakeshore Realty

Below we have a list of properties that were sold or listed by Lakeshore Realty Real Estate Agents in the past 30 days.

730 Country Club

Bed: 4
Bath: 2
Year Built: 1982
Sq. Ft.: 2244

Days on Market: 37
Sold Date: 10/27/2010
Sold Price: $530,000

Selling Agent:
Peg Augustus

1064 Mill Creek

Bed: 3
Bath: 2
Year Built: 1978
Sq. Ft.: 1152

Days on Market: 99
Sold Date: 10/15/2010
Sold Price: $500,000

Listing Agent:
Chris & Patti Plastiras

1064 Mill Creek

Bed: 3
Bath: 2
Year Built: 1978
Sq. Ft.: 1152

Days on Market: 99
Sold Date: 10/15/2010
Sold Price: $500,000

Selling Agent:
Carole Madrid

230 Pine Cone

Bed: 3
Bath: 2
Year Built: 1974
Sq. Ft.: 1500

Days on Market: 440
Sold Date: 10/22/2010
Sold Price: $520,000

Selling Agent:
Carole Madrid

964 Jenifer St.

Bed: 3
Bath: 2
Year Built: 1979
Sq. Ft.: 1920

Days on Market: 201
Sold Date: 10/26/2010
Sold Price: $445,000

Selling Agent:
Peg Augustus

To access all the Incline Village and Lakeshore Realty listings please click here. Or you can contact us at 775-831-7000 or you can visit us at 954 Lakeshore Blvd. Incline Village, NV 89451. 

  •  Sold Residential Homes in the North Lake Tahoe  area Incline Village & Crystal Bay

97 Sales yr to date- Residential break down by price range.

 

Sales Pending 12 (2 are short sales) 

This year, 2010 reflects a stronger market with a 23%-increase in sales. A  28% decrease in the median selling price and a 15% increase in the time it takes to sell a home (2009=205 days 2010=239 days on average) . The asking to selling price differential for 2009 was 83% ( asking price versus selling price),  today it is on average 90%, better news for seller's. 

To access all the Incline Village and Lakeshore Realty listings please click here. For more details please contact us at 775-831-7000 or you can visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Useful Lake Tahoe Real Estate buyer and seller information

by Lakeshore Realty

  • Useful Real Estate buyer and seller information
Buyer's walk away or can't qualify after inspection reports ...now what?
 
 
So the sale fell through after pest and structural reports came back with $20,000 in suggested repairs. Depending on the buyer, seller and agent this may or may not be a deal breaker.
 
The seller and buyer have options. The  purchase agreement allows for a pre-negotiated amount of money the seller agrees to be responsible to pay for potential repairs. It is an estimate only, and depending on the condition of the property, the amount can be zero if  the sale is "As Is" or $10,000+, this amount is agreed to prior to acceptance of the purchase agreement. Basically the amount is a estimate at best until inspections are preformed and a bid for repairs is completed.
 
Upon receipt of the inspection reports and suggested repairs, additional inspections may be suggested such as mold, roof or chimney inspections. The completed reports are given to a licensed /qualified contractors or maintenance companies to bid on the repairs noted which buyer deems necessary. 
 
What happens if the repairs exceed the amount of money agreed to?
 
There are options, the buyer can pick up the additional expenses, the seller can pick up the additional expenses, seller and buyer can split or negotiate a new number or the buyer has the right to walk away.
 
When buyer and seller agree to renegotiate the repair amount -  Repairs options include, (1) Repairs completed prior to closing (2) Holding funds in an escrow account with a title company, title agrees to pay for repairs with held funds as repairs progress after the transaction closes (3) Buyer agrees to seller crediting back funds towards repairs at closing.
 
What happens if the buyers walk away?
 The seller and agent now must disclose to future buyer's the repairs needed or the seller may decide to make the repairs to remove the issue for future buyers. This is not to imply the next buyer is going to skip inspections when they purchase especially if reports are over 6 months old. There is always a possibility of additional repairs probably minor ones which may or may not be needed.
 
Cosmetic repairs such as paint and carpet  are not considered true "repairs" .
 
What happens to the seller with repair inspections and the deal doesn't close?
 
Inspection reports, as agreed to in the purchase agreement are given to the seller and buyer during the transaction. If the buyer decides not to close for whatever reason, the seller and agent MUST disclose any problems discovered in inspection to future buyers.
Seller's may decide to make some repairs and leave other repairs for future buyers to deal with and leave it  as a point of negotiation for future buyers.
 
Upon listing a property for sale, seller's fill out a "seller's property disclosure statement", to the best of their knowledge  a seller fills out the current status and history of past problems..
Seller's can decide to pay for inspections prior to listing. An evident pest problem is a good example when a seller may want an inspection to make repairs  prior to listing.  These reports and repairs are a plus for future buyer's who may or may not require a new report.
 
Chris and I always encourage seller's "when in doubt- disclose it out" !  We do not encourage a seller to pay for inspections prior to listing unless there is a an obvious problem. Otherwise we tell seller's to let the potential buyer perform the inspections.
 
Example:
A recent  town home sale which came back on the market after being under contract, it did not close because the  buyer couldn't qualify for the loan (another article). The seller had completed repairs from inspection reports (estimated cost to seller of $4,000). The repair reports were made available to my buyer when we presented an offer. My buyer wanted new inspections and make sure repairs were done correctly. The main problem was mold growth under the unit. Unfortunately the repairs were not done correctly for mold remediation. The seller agreed to pay for a second mold removal with licensed contractor who specialized in mold removal. The transaction was extended 30 days and  the buyer was satisfied and
the transaction closed. 

Lake Tahoe Bank Owned, REO and Short Sale Homes List

by Lakeshore Realty
  • Lake Tahoe Bank Owned, REO and Short Sale Homes List

Below we have a list of the homes in the Lake Tahoe area that are Bank Owned,  Real Estate Owned or Short Sales according to the Incline Village MLS System.

Lake Tahoe, Incline Village Bank Owned, REO and Short Sale Homes List

To access all the Incline Village and Lakeshore Realty listings please click here. For more details please contact us at 775-831-7000 or you can visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

North Lake Tahoe Real Estate Sales October Comparison

by Lakeshore Realty
  • North Lake Tahoe Real Estate Sales October Comparison

The North Lake Tahoe Real Estate Sales for the month of October had a big jump in the Number of Sold Homes compared to the previous two years, just like the month of September the Number of Days on Market for sold properties has increased and the Median Sold Price has dropped significantly in October.

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

To access all the Incline Village and Lakeshore Realty listings please click here. Or you can contact us at 775-831-7000 or you can visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Displaying blog entries 1-7 of 7

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LakeshoreRealty.com
Lakeshore Realty
954 Lakeshore Blvd.
Incline Village NV 89451
775-831-7000
800-954-9554
Fax: 775-831-6777

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