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Lakeshore Realty wishes you a Happy Thanksgiving!

by Lakeshore Realty


At this time of Thanksgiving we pause to count our blessings.

The freedom of this great country in which we live.

It’s opportunity for achievement.

The friendship and confidence you have shown in us.

For all of these things we are deeply thankful.

Our best wishes for a Happy Thanksgiving!

FHFA Will Allow Some Foreclosed Owners to Repurchase Homes at Market Value

by Lakeshore Realty
In what could be a controversial move the Federal Housing Finance Agency (FHFA) has directed the government sponsored enterprises (GSEs) to allow foreclosed homeowners to repurchase their former homes at fair market value.  Prior to Tuesday's directive foreclosed homeowners were required to pay Freddie Mac or Fannie Mae the entire amount that had been owed on their mortgage prior to foreclosure.  This requirement applied as well to any third party who sought the buy the home for the benefit of the previous borrower/owner.  This requirement had meant that the GSEs had to treat such prospective purchasers differently than others who wished to purchase the property and were allowed to do so at the fair market price as determined by the GSEs.

"This is a targeted, but important policy change that should help reduce property vacancies and stabilize home values and neighborhoods," said FHFA Director Melvin L. Watt.  "It expands the number of potential buyers of REO properties and is consistent with the Enterprises' practice of requiring fair-market value for those properties."

The policy change does not alter the existing rule that a borrower who has gone through a foreclosure on a GSE owned or guaranteed loan must wait a minimum of three years after the foreclosure to regain eligibility for another GSE related loan.  The REO property purchased for the benefit of the prior owner must also still be intended to be occupied by that owner as a primary residence

The policy change is limited to Fannie Mae and Freddie Mac REO inventory of single-family homes as of November 25, 2014.  FHFA estimated that the two companies have approximately 121,000 properties in their combined REO inventory.  Certain property exclusions may apply and will be handled by the GSEs on a case-by-case basis.

SOURCE: www.mortgagenewsdaily.com

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.

968 Fourth Green Drive

Bed: 6
Bath: 5.5
Year: 2006
Sq. Ft.: 3913

Price: $2,095,000

 

Listing Agent:
Tracy Cohn 

Beautiful home on .46 of an acre with a year round stream and 119' feet of golf course frontage. Home is light and spacious with high ceilings, 5 en-suite bedrooms with an additional 6th bedroom/office. Built in 2006, this home has it all; solid hickory floors, stainless appliances, granite counters, travertine/stone in all bathrooms, steam shower, french doors off 4 of the bedrooms, in floor radiant heat with 9 zones. The kitchen, great room and large deck are perfect for entertaining. 

 

210 Allen Way

Bed: 4
Bath: 4.5
Year: 1991
Sq. Ft.: 4981

Price: $2,095,000

 

Listing Agent:
Tracy Cohn 

This home is impeccable. Located in the Lakeview subdivision you can walk to the beach, shopping and dining. The home has a gourmet kitchen, stainless appliances, game room, hobby room, theater, 4 car garage with a workshop, wine closet, fenced yard and more. The home is wired with all kinds of  electronic gadgets including a home management system and surround sound in every room. Front and backyard are landscaped. A great all around home.

 

321 Ski Way #117

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

Price: $349,000

 

Listing Agent:
Pam Fernandez

Fabulous private setting! Lovely large deck backs to and overlooks private wooded common area. Kitchen, baths & wet bar have been upgraded. Kitchen features granite counters & cherry wood cabinets. Soaring cathedral ceilings with open great room design. Skylight brings in additional sunshine. Newer double paned windows throughout.  Pellet stove insert with brick surround.  Additional storage closet for skis, toys, etc. Can be sold with our without furnishings.

 

335 Ski Way #348

Bed: 2
Bath: 2
Year: 1988
Sq. Ft.: 1264

Price: $495,000

 

Listing Agent:
Tracy Cohn  

Stunning Lake and Mountain Views from this beautiful Penthouse unit.  Single level living with under building parking and elevator to top floor. Unit is located in desirable 3rd building. Loft is Office with Queen Murphy Bed designed & built by Calif. Closets. Central Boiler keeps utilities low. Automatic Awning, dry bar, steam shower, granite kitchen. Close to Diamond Peak. Seller is NV R.E. Agent

 

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.

4 Upgrades to Boost Home Value

by Lakeshore Realty

4 Upgrades to Boost Home Value

The median value of a single family home in the U.S. was $175,000 in September, according to data compiled by Zillow. The median list price was around $215,000, meaning buyers would likely walk away with something in the middle of those two figures upon close.

There are several ways to maximize the value of a home before placing it on the market. It's simply a matter of measuring the amount invested versus the return on renovations, additions, and other improvements to boost the value of the property. Here are four proven ways to squeeze a few more dollars out of the sale.

Energy-Efficient Windows

Single pane windows are common in older homes, and tend to allow heat and air conditioning to escape. Energy Star estimates that replacing old windows with energy-efficient, double pane windows costs around $10,000 for a typical single family home. But you can except to recoup up to 90 percent of those costs at close, and lower energy bills by up to $500 per year.

Most homeowners will qualify for tax credits and rebates on newly installed windows, depending on their state of residence and utility company. Alabama Power, for instance, offers a $300 credit for customers who upgrade their windows. Several utility companies also offer loan programs that help finance replacement windows.

Check out the Efficient Windows Collaborative to find out if your utility company offers rebates or loan programs for new windows.

New Roof

An old, leaky roof can not only cause further damage to the interior of your home, but can make an otherwise decent house look unappealing from afar. Roof repairs can be costly, so the decision to repair or replace it all together will come down to its current condition and your plans for the home.

It's best to have a professional come out and provide an estimate on costs. Companies like Champion Home Exteriors offer lifetime warranties on roof work, so neither you nor a potential new tenant will ever have to worry about it again. For sale by owner website ISoldMyHouse.com says a new roof adds curb appeal and allows sellers to add about $10,000 to the asking price. That amounts to about a 75 percent return on investment on the most costly repair and replacement jobs.

Landscaping

A 2009 study by Virginia Tech horticulturist Alex Niemiera found that sophisticated landscaping can increase property values by upwards of 12 percent. Real estate marketing firm Home Gain estimates that a $500 landscaping investment can return four times that amount upon sale.

House Logic recommends simple DIY projects like adding rigid flower bed edging, a flagstone pathway, and masonry surrounds around trees. All of these projects can be done over a weekend and add instant curb appeal to your property.

Solar Water Heater

The typical American household uses 20 to 30 gallons of hot water per day, according to the American Water Works Association. The Department of Energy says solar water heaters can cut water heating bills by upwards of 80 percent.

Solar water heaters are particularly useful for homes with south-facing roofs with no trees obscuring the sun's light. The return on investment will depend on several factors, including your city's climate and the rebates offered by the utility company. Granted solar water heaters will work in cold climates, but won't be near as efficient as they are in Miami, San Diego, or Honolulu.

Recover 30 percent of the costs to purchase and install a solar water heater through a federal tax credit that expires in December of 2016. Contact your local utility company to find out about rebates and state-level tax credits.

  

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

Below we have a list of properties that were sold in October 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.

900 Ace Ct.

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

Days on Market: 39
Sold Date: 10/13/2014
Sold Price: $745,000

Listing Agent:
Dianne Brown

 

210 Wheel Rd.

Bed: 3
Bath: 2
Year Built: 1977
Sq. Ft.: 1402

Days on Market: 59
Sold Date: 10/14/2014
Sold Price: $575,000

Listing Agent:
Pam Fernandez 

 

517 Spencer 

Bed: 5
Bath: 3.5
Year Built: 2012
Sq. Ft.: 4109

Days on Market: 91
Sold Date: 10/15/2014
Sold Price: $2,137,500

 Selling Agent:
Jamie & Kristi

 

596 Lucille Dr.

Bed: 3
Bath: 2.5
Year Built: 1979
Sq. Ft.: 1800

Days on Market: 88
Sold Date: 10/14/2014
Sold Price: $672,500

Selling Agent:
Chris & Patti Plastiras 

 

203 Robin Dr.

Bed: 3
Bath: 3
Year Built: 1995
Sq. Ft.: 1860

Days on Market: 36
Sold Date: 10/17/2014
Sold Price: $549,000

Listing Agent:
Chris & Patti Plastiras

 

873 Lake Country Dr.

Bed: 4 
Bath: 2.5
Year Built: 1998
Sq. Ft.: 2750

Days on Market: 109
Sold Date: 10/23/2014
Sold Price: $974,000

    Selling Agent:
     Peg Augustus

 

1120 Lucerne Way

Bed: 4
Bath: 3.5
Year Built: 1974
Sq. Ft.: 2660

Days on Market: 161
Sold Date: 10/24/2014
Sold Price: $903,000

Listing & Selling Agent:
Jamie & Kristi

136 Juanita Dr. 

Bed: 3 
Bath: 2
Year Built: 1974
Sq. Ft.: 1120

Days on Market: 92
Sold Date: 10/10/2014
Sold Price: $452,000

    Listing Agent:
     Pam Fernandez

 

 

123 Juanita Dr.

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

Days on Market: 10
Sold Date: 10/06/2014
Sold Price: $439,000

 Listing Agent:
Peg Augustus

 

475 Lakeshore Blvd.

Bed: 4
Bath: 4
Year Built: 1970
Sq. Ft.: 3150

Days on Market: 154
Sold Date: 10/10/2014
Sold Price: $3,750,000

Listing & Selling Agent:
Jamie & Kristi

 

 

1304 Tyrol Dr.

Bed: 3
Bath: 2
Year Built: 1971
Sq. Ft.: 1260

Days on Market: 39
Sold Date: 10/27/2014
Sold Price: $315,000

 Selling Agent:
Yvette Shipman

 

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.

 

Tesla's Model X latest update on release

by Lakeshore Realty

 Tesla Motors is creating such a positive impact on Nevada- this is there latest letter to potential owners on the progress and expected delivery times! Chris Plastiras has one on order as many others do in town. The positive environmental impact this vehicle promises to deliver was the motivation for the Plastiras order.

 
http://s945375780.t.en25.com/e/er?s=945375780&lid=26&elq=29f1efd6b1424e218574f53b6d57eb98
     
 
Dear Model X reservation holders,

Thank you for your continued patience in the Model X reservation process. We are making steady progress towards delivering a phenomenal car that defies comparison.

With Model S, we made a point of delivering a product that was even better than the show car, and we are extending that philosophy to Model X. In fact, every element of Model X – from the interior to the falcon wing doors – either lives up to or surpasses the prototype we initially unveiled.

In October, we announced dual motor all-wheel drive and Autopilot. These were important leaps forward for Model S, but we’re pleased to confirm that they will also be central to Model X. The dual motor propulsion system of Model S 85D will be the same system that powers Model X, delivering uncompromised range and control of traction. But this is not simply a scaled-up Model S – every detail of this car has been optimized for the unique mission of Model X.

Model X demand has been intense and orders are continuing to come in at a rapid rate. We’ll be spending much of 2015 building and testing production-intent prototypes before delivering the first cars to customers in North America in the third quarter. While we’ll be working through all orders as fast as possible, anyone ordering the car today should not expect delivery until well into 2016.

In the meantime, we are building beta vehicles in the factory right now, and we’ll be using them for crash testing in the near future. We’ve tested the car’s aerodynamic qualities in the wind tunnel and have achieved an unprecedented level of aerodynamic efficiency for any car of this size and carrying capacity, allowing us to maximize range potential.

We can also reveal that Model X will be the first electric vehicle with towing capability. The optional tow hitch will support accessories and racks to transport skis and bikes with the minimum effect on aerodynamics. We're also working with the best rack and accessory companies in the world to have elegant carrying solutions ready for Model X customers next year.

Thank you once again for your continued support and confidence. You are helping to accelerate the world’s transition to sustainable transport, and you will love your Model X.

Tesla Motors
 

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Western States Drive Surge in Building Permits

by Lakeshore Realty
October was a mixed month for new residential construction data.  More permits were issued than in September but housing starts and completions were both down.  September numbers for permits and housing starts were upgraded slightly from original estimates while the completions number was revised down.

Permits for construction of privately owned housing units were issued at a seasonally adjusted annual rate of 1.080,000.  This was an increase of 4.8 percent from the revised (from 1,018,000) September estimate of 1,031,000 permits and 1.2 percent higher than the October 2013 rate of 1,067,000.

Single family construction permits were issued at a rate of 640,000, up 1.4 percent from the September estimate of 631,000 (originally 624,000) and 2.4 percent higher than in October 2014.  Permits for units in building with five or more rose 8 percent from a September rate of 376,000 to 406,000.

Seasonally adjusted construction starts were at an annual rate of 1,009,000 units.  This was a decrease of 2.8 percent from the September rate of 1,038,000 but 7.8 percent higher than the October 2013 annual rate of 936,000.  September's number was revised up slightly from 1,017,000. 

Single family housing starts were at a rate of 696,000 compared to 668,000 in September, a gain of 4.2 percent and 15.4 percent higher than in October 2013.  Construction was begun on multifamily units at a rate of 300,000, a 15.5 percent decrease from a rate of 355,000 starts in September.

Housing completions were at a seasonally adjusted annual rate of 881,000, an 8.8 percent drop from September's revised estimate of 966,000 but 8.1 percent higher than a year earlier.  September was revised from an original estimate of 999,000.

Single-family units were completed at an annual rate of 585,000 units, off the September pace by 7.4 percent and down 3.1 percent from a year earlier.  Multi-unit construction also decreased from the previous month by 11.6 percent to 289,000 units.

On a non-seasonally adjusted basis there were 95,000 construction permits issued in October compared to 90,700 in September.  Housing starts fell from 95,500 to 84,400 and completions were down 10,200 units to 80,100.

 

 

Permits in the Northeast region were down 21.5 percent on an annual basis from September and 8.7 percent from a year earlier.  Housing starts were decreased 16.4 percent and 22.4 percent respectively compared to the two periods.  Construction was completed on 27.1 percent fewer units than the previous month but the figure was 44.8 percent higher than a year earlier.

In the Midwest permits fell 11.4 percent from the previous month and were 4.9 percent lower than in October 2013.  Housing starts were 18.5 percent below what they were in September and 15.7 percent lower than a year earlier.  Completions were down 14.3 percent from September but were up 5.9 percent on an annual basis.

The South saw an increase in permits of 8.8 percent compared to September but permitting was 2.3 percent lower year-over-year.  Construction starts rose 10.1 percent from September to October and the October rate was 30.9 percent above that the previous October.   Construction completions were off 15.4 percent from the September pace and down 6.4 percent from a year earlier.

Permits were issued in the West at a rate 21.6 percent higher than in September and 17.6 percent above the pace a year earlier.  Construction starts were down 10.9 percent month-over-month and 0.5 percent year-over-year.  Completions rose by 26.8 percent and 31.8 percent from the two earlier periods.

At the end of October there were an estimated 116,600 permits for residential construction that had been issued but remained unused, fairly equally divided between single family and multi-unit permits.   There were an estimated 802,000 units under construction, 360,000 single family units and 431,000 units in multi-unit buildings.

SOURCE: www.mortgagenewsdaily.com

October 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 138 properties around the North Shore of Lake Tahoe. 


North Lake Tahoe October 2014 Real Estate Sales Comparison

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

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

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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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