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The Best Season to Sell Your Home—and Why

by Lakeshore Realty

Timing really is everything when it comes to home sales. Getting your asking price, and even attracting multiple buyers, can simply be a factor of the time of year when the home is sold.

Spring and Summer

Spring brings rain and flowers—and possibly extra green in the final sales price of your home. Families like to move during the summer when there’s a break in the school calendar so they don’t have to pull their children from class, and so they are well-settled before the new school year. Plus, it’s often easier to move in the warm spring and summer months than during winter snows.

REALTORS® say 50% of homes are sold during the summer.

Fall and Winter

Maybe your employer notified you of a job relocation in the fall and you missed the peak selling season for your home. Don’t despair. If you are selling your home in the fall, you can stage your open house with the warmth of the turning season to add to the appeal. Accentuating your landscaping with seasonal decorations, such as pumpkins and gourds, will appeal to the potential homebuyers.

The winter season isn’t a favorite for homebuyers to view homes, but holiday ornaments add charm and help homes sell during the winter season. Owners who put their home on the market during the winter may be more eager to move, and so might close faster. Prices may also dip compared to the busy summer market, since there’s less demand. And you might find it easier to schedule time with experts, such as home inspectors; or have a faster turnaround on services, such as lawyer reviews, during the slower time of year.

Geography, Geography, Geography

Selling a home quickly may not only be contingent on a season. The geography of your home may be a contributing factor to when the home should be sold. Florida’s large snowbird population makes winter months attractive due to the warm weather. The heat and humidity of Florida summers can make that season less than ideal for selling.

For all of those reasons, evaluate your location and weather before planning to present a new home to the real estate market.

Have a Plan

Sometimes personal situations prevent selling a home during the prime season. A REALTOR® can help you sell a home in any season.

Source: REALTOR®.com

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.

Incline Star Follies 2014

by Lakeshore Realty

Incline Star Follies 2014

April 25 and April 26, 2014

1:00pm (April 26 only), 6:00pm and 8:30pm

Tickets are $35 for premium seating, $20 for side theater seating, $15 for rear theater seating

$15 for student (K-12) premium seating, $10 for student (K-12) seating

Tickets on sale at the Potlatch

(in the Raley's shopping center)

The Incline Star Follies is a family cabaret filled with fun and folks from our town. When school kids, teachers and community members take to the stage to ‘lip-synch’ great songs and dance their hearts out they just sparkle - you have to see it to believe it! Their energy is contagious and knowing that 100% of the proceeds raised from this exciting event remain in our community and go towards the needs of our local Incline Village Schools - you just want to be a part of it.

The Incline Star Follies, in its first ten years, is proud to have raised more than $800,000 for the benefit of the children and staff of Incline Elementary School, Incline Middle School and Incline High School.

Join Star Follies in their  quest to enhance education in Incline Village and experience something like you never have before...and become a ’star’ in your own right. 

Source: inclinestarfollies.org/

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.

Happy Easter!

by Lakeshore Realty
May this year’s Easter bring you hope and joy.
 
  • 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.

867 Jennifer St.

Bed: 3
Bath: 2.5
Year: 1979
Sq. Ft.: 2392

Price: $799,000

 

Listing Agent:
Jamie & Kristi

This beautiful home has been completely remodeled inside & out! New roof, siding & decks.  Gourmet kitchen w/ maple cabinetry, slab granite counters stainless steel appliances, hardwood flooring, great room floor plan, adjacent to forest service.  Easy to show.  Vacant on Lockbox!

 

1054 Flume

Bed: 4
Bath: 2
Year: 1963
Sq. Ft.: 2032

Price: $700,000

 

Listing Agent:
Chris & Patti Plastiras

PROPERTY SOLD "AS IS" "WHERE IS" NO EXCEPTIONS!  House is in tear down condition.  Excellent lot in the low elevation Millcreek Subdivision.

 

564 Matchless Ct.

Bed: 5
Bath: 3
Year: 1978
Sq. Ft.: 4353

Price: $1,545,000

 

Listing Agent:
Pam Fernandez

Contemporary mountain home w/lake views & surrounded by FS. Extensive remodel. Elevator to your front door, Heated driveway! Hardwood floors. Spa room. Sep bdrm or office + 1/2 bath above garage with pvt entrance. 3 FP's (2 gas -1 real wood burner).

 

910 Tyner Way

Bed: 5
Bath: 3.5
Year: 2008
Sq. Ft.: 3681

Price: $1,975,000

 

                                               Listing Agent:
Chris & Patti Plastiras

Quality construction throughout. Spectacular setting featuring filtered lakeviews, property overlooks protected non-buildable Forest Service land w/access to popular hiking trails. High end finishes throughout and top-of-the line appliances. Custom cabinets & slab counter tops. The great room floor plan lends itself to easy entertaining with massive vaulted beamed ceilings, and picture windows bring in an abundance of light and ambience. Spacious Master Suite located on main living level.

 

735 Martis Peak

Bed: 4
Bath: 4.5
Year: 2005
Sq. Ft.: 4196

Price: $2,749,000

 

                                               Listing Agent:
Chris & Patti Plastiras

Custom home, like new built in 2005 located in the lakeview subdivision. All 4 bedrooms are en-suite. Master bedroom on main level. Open floor plan with state-of-the-art kitchen, featuring high end stainless steel appliances: Wolf, Subzero, Franke sinks & 2 Miele dishwashers. Clear cedar siding with granite accents on front elevation. Stained Knotty Alder wood used throughout, carpet, wood, travertine and marble flooring. 9 ft ceilings and 8 ft doors.  A must see home.

 

1415 Tirol Dr.

Bed: 4
Bath: 3
Year: 1982
Sq. Ft.: 2412

Price: $569,000

 

Listing Agent:
Pam Fernandez

The ultimate ski chalet!  Very spacious home on corner lot. 4 bdrms, 3 full baths & private lavs in each bedroom. Spacious Great room, dining area, kitchen & 2 bedrooms on entry level. 2 bedrooms, huge loft with small view of Lake Tahoe & laundry all on 2nd level. Easy access.  Short path and few stairs to front door. 2 decks out front & decks off each bedroom. Quiet area.  Garage addition possible -must purchase coverage, plans, permits, etc. New paint & carpet & interior doors throughout.

 

862 Southwood Blvd.

Bed: 3
Bath: 3
Year: 1983
Sq. Ft.: 1710

Price: $298,000

 

                                               Listing Agent:
Chris & Patti Plastiras

Centrally located has beautiful new wood floors and new carpet.  Quality built, but rental for many years, some TLC needed.  Spacious 1,700 s.f. with 3 lg, BR & 3 BA, 2 car attached garage.  Compare price s. ft., location & potential

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.

Housing Update: Relief for underwater sellers extended

by Lakeshore Realty

Housing Update: Relief for underwater sellers extended

Important housing update: The Senate Finance Committee has passed a two year extension of tax relief for home owners who have had mortgage debt forgiven by a lender as part of a short sale, loan modification or foreclosure. This bill would be retroactive to January 1st, 2014, when the law expired.

The tax relief provision expired at the end of last year, and unless both the United States Senate and House of Representatives approve the extension, homeowners may have to pay tax on the forgiven debt.

“Even though the housing update for the real estate market has recovered from the housing crash, many homeowners still remain under water.  Home Owners and those advising them need to know that this tax on forgiven debt does not just apply to short sales and loan modifications.  It also applies to foreclosures, so ignoring the problem and just letting your home foreclose will not protect you from being liable for the tax. Home Owners need to pay attention and consult with a tax preparer on the IRS tax consequences of forgiven debt”. Says David Blank, CPA Founder of Homehelpusa.org.

NAR President Steve Brown says. “We applaud the Senate Finance Committee for approving a bipartisan compromise bill today This is, at its core, an issue that’s all about fairness. It is unfair to ask homeowners who are underwater on their mortgage and who make the prudent decision to do a short sale instead of allowing their mortgage to go into foreclosure to pay tax on the forgiven amount of the loan.”

The mortgage forgiveness tax relief act provided in the past has been one of Congress’ bipartisan success stories, and there’s a good chance an extension will pass Congress this year, too, analysts say.

Some 350,000 households could be affected by the tax if relief isn’t extended, because that’s the number of households who sold their house last year as a short sale. “And we expect a large number of short sales [an estimated 300,000 to 350,000] this year,” says Brown.

To read up on the tax law go to http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation.

This housing update was provided by David Blank.  To subscribe to our housing update blog, click here

Incline Village Real Estate Sales Comparison

by Lakeshore Realty

Incline Village Real Estate Sales Comparison.

  

 

  • 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 starting January 1 through March 31.

  • 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 January 1 through March 31.

  • P.U.D. Sales Report

Click here for larger image

- Please note that the report above was created using data extracted from the MLXChange System and reflects Townhome (P.U.D.) sales January 1 through March 31.

 

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.

5 ticking time bombs in your home

by Lakeshore Realty

5 ticking time bombs in your home

By Christopher Solomon of BobVila.com

There are some maintenance and repair issues that homeowners just hate to deal with — either because they take time, or cost money, or just don’t seem, well, urgent. But some of these problems can become ticking time bombs, poised to explode if they’re not defused early, when they are more like firecrackers than bombs.

Here are some of the top structural and mechanical time bombs in your home that experts say have the potential to blow up and are worth squelching now — before the big boom.

Foundation

Why it’s explosive: Houses settle. But not all settling is the same. “A lot of times people will ignore the cracks in the brick veneer on the outside of the house, even when they get to be a half-inch or more,” says Bill Loden, incoming president of the American Society of Home Inspectors. Even though that brick is often just the “skin” of the house, a crack that large can signal much deeper problems with a moving foundation, Loden says. Caught early, a repair might cost a few thousand dollars. Caught too late, the tab could run $20,000 to $50,000.

Snuff the fuse: Some cracks in your house are essentially cosmetic, the result of natural settling. When is a crack something more? “If you see a crack big enough to put a No. 2 pencil in, you’re looking at a problem,” says Loden, owner of Huntsville, Alabama-based Insight Building Inspection. Other signs of trouble: a tilting chimney or windows and doors that stick or jam, which can be caused by a moving foundation that is twisting their frames. If you suspect foundation issues, hire a structural engineer to evaluate your house, Loden says.

Roof

Why it’s explosive: ”Most people don’t pay any attention to their roof until they see water coming through the ceiling!” says Bill Jacques, outgoing president of the American Society of Home Inspectors  and owner of American Inspection Service in Charleston, S.C. But if you see drips in your living room, the problem is already far gone. A new roof could cost you “probably $8,000 to $10,000,” Jacques says.

Snuff the fuse: Some people say, ‘I’ve got a 20-year shingle, it’s gonna last 20 years.’ Well, no it’s not,” Jacques says. “I would just recommend that about every five years they have the roof inspected.” One of the telltale signs of a wearing roof is coarse sand pooling at the base of gutter downspouts; the sand is most likely the granules of the shingles washing off. If you see a lot of it, then it’s a good idea to have someone climb higher. If you can safely get on the roof (be careful!) and the surface feels slippery, that’s another sign that the shingle material is coming off, Jacques says.

You can find evidence of additional problems under the roof. Water will usually enter the attic first. Hire an inspector, or look for stains around the chimney and the stack vents, or around other venting pipes that exit the house. Those are places where the metal flashing can fail, says Jacques. Also, look around the attic for wet and, or damaged insulation. Discovering issues early on could mean the difference between repair and replacement — or a few hundred dollars rather than thousands.

Septic system

Why it’s explosive: Homeowners who have septic tanks don’t always like to think about them, Loden says. That’s a mistake. “A septic tank is gonna work until the day it quits,” he quips.

Generally speaking, a septic system breaks down the solids and liquefies them. The liquid then goes out into lines and is dispersed into the surrounding ground. But other materials also reach the septic tank — from sanitary napkins and cigarette butts to foodstuffs such as coffee grounds and grease (particularly if you have a garbage disposal). Over time, the baffles that stop the larger solids from going into the lines can get blocked. If that happens, the system can back up into your house. “That’s not a ‘check engine’ light; that’s an ‘engine failure’ light,” Loden says. “That’s when you end up with a backhoe in your yard.”

Snuff the fuse: If you have a septic tank, have the tank pumped every five years — “and if you have a garbage disposal, you might want to have it done every three years,” Loden says. In Loden’s area of the South, the cost is “between $300 and $500,” he says. “It’s really relatively inexpensive to have it pumped. A lot of those guys will pump it and inspect it at the same time.” It’s particularly cheap when compared with the cost of digging up your yard to repair your system, which can run thousands of dollars.

Old electrical systems

Why it’s explosive: Homes built after World War II, as well as homes built earlier, “didn’t have the same requirements for power that we do now,” Loden says. Homes built today can’t have more than 12 linear feet of space between electrical outlets. This stipulation was intended to minimize the use of extension cords, which can cause fires. The electrical systems of older homes, particularly those outfitted with lots of appliances and amenities, just can’t handle modern electrical demands. Sockets can actually wear out, and switches, too. Breakers become less reliable as they age. The upshot can be a fire.

Snuff the fuse: "Probably every 20 years,” a home should have a thorough inspection of itselectrical system, Loden says. Homes built prior to 1980 should definitely be looked at, “and another break point in my region — the Deep South — is 1965. There were a lot of improvements in the 1960s,” he says. You could call an electrician, although Loden cautions that “an electrician may see it as a sales call. Like any trade, they’re there to fix things.” Another alternative: Consider calling an experienced home inspector.

Crawl space 

Why it’s explosive: Few homeowners ever pay attention to their crawl space, that often dank, dirt-floored area beneath many homes. “And why would they?” says Jacques, of ASHI. But you should, because the crawl space is sort of a window into the belly of your home and all its inner workings, he says. It could reveal all sorts of problems before they get bigger:

  • “You might have a leak in the bathroom under the commode or in a supply line that could be weakening the floor,” Jacques says, and you’d never know it until the day a sag appears in the floor and you need major repairs.
  • Termite damage can usually be seen there before it appears elsewhere.
  • Many crawl spaces carry the heating and air-conditioning ductwork that runs throughout a house. But when repairmen clamber about in this cramped space, over time “they might cause some damage to the insulation or to the ductwork. So you could be pumping your nice cold air into the crawl space itself,” Jacques says.

Snuff the fuse: Jacques recommends that a homeowner periodically spend a few minutes with a flashlight looking inside the crawl space as a precautionary measure.

He also recommends occasionally hiring a home inspector to do a more thorough examination of the space. An inspector can look for leaks in plumbing and find faulty or damaged ductwork and worrisome wiring. As well, while often not licensed to inspect fortermites, an inspector usually knows enough to point out suspected trouble and recommend treatment or repair.

North Lake Tahoe March 2014 Real Estate Sales Comparison

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

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

Home Prices Will Keep Rising, but Level-Off Soon

by Lakeshore Realty
Home prices continue to increase by double digit percentages on a year-over-year basis CoreLogic said today.  The company's Home Price Index (HPI) for February, an index that includes distressed sales, was up 12.2 percent compared to February 2013.  Thus February becomes the 24th consecutive month in which there have been annual price increases.   Home prices nationwide, including distressed sales, increased by 0.8 percent in February compared to the previous month.

 

 

Including distressed sales, the five states with the highest home price appreciation were California (+19.8 percent), Nevada (+18.5 percent), Georgia (+14.2 percent), Oregon (+13.8 percent) and Michigan (+13.5 percent).  There were no states with negative annual appreciation.

On its index which excludes distressed sales, national home prices were up 10.7 percent compared to February 2013 and 0.9 percent from January.  All 50 states and the District of Columbia showed annual increases with the greatest appreciation in California (+15.9 percent), Nevada (+14.6 percent), Florida (+13.1 percent), Washington (+11.5 percent and Hawaii (+11.5 percent).  An additional nine states had double digit annual appreciation and Colorado, Nebraska, North Dakota, Texas and the District of Columbia all reached new home price highs. Additionally, 22 states were at or within 10 percent of their price peaks.

From the price peak in April 2006 to February the change in the national HPI was -16.9 percent including distressed sales and 12.1 percent excluding them.  The five states with the largest remaining peak-to-current declines, including distressed transactions, were Nevada (-39.9 percent), Florida (-36.4 percent), Rhode Island (-30.9 percent), Arizona (-30.5 percent) and West Virginia (-26.6 percent).

 

 

Ninety-six of the top 100 Core Based Statistical Areas (CBSAs) measured by population showed year-over-year increases in February 2014. The four exceptions were Little Rock-North Little Rock-Conway, Ark., Milwaukee-Waukesha-West Allis, Wis., Rochester, N.Y. and Virginia Beach-Norfolk-Newport News, Va.-N.C.

"February marks two straight years of year-over-year gains in national prices across the United States," said Anand Nallathambi, president and CEO of CoreLogic. "The consistent upward movement in home prices should ultimately prove to be an important stimulant for higher levels of sustained market activity and growth in the housing economy."

CoreLogic said today's report introduces a new forecast metric that provides advanced indication of home price trends.  The current forecast is that home prices are projected to increase 0.5 percent month over month from February 2014 to March 2014 and that home prices, including distressed sales, are expected to rise 10.5 percent year over year from March 2013 to March 2014. Excluding distressed sales, home prices are poised to rise 0.4 percent month over month from February 2014 to March 2014 and 9.3 percent year over year from March 2013 to March 2014.

"As the spring home-buying season kicks off, house price appreciation continues to be strong," said Dr. Mark Fleming, chief economist for CoreLogic. "Although prices should remain strong in the near term due to a short supply of homes on the market, price increases should moderate over the next year as home equity releases pent-up supply."

SOURCE: www.mortgagenewsdaily.com

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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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