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5 Ways to Make your Home Feel Bigger

by Lakeshore Realty

With home values falling and job losses mounting, Americans are putting their spending habits under the microscope. For would-be homebuyers, that might mean purchasing a smaller house that fits more comfortably into your budget. For homeowners, it could mean putting off plans for that family-room addition. But even if your home has limited space, it doesn’t have to feel cramped. Instead of expanding the size of the property, homeowners should make better use of interior space.

1. See it, use it: Often, rooms in American homes are located behind staircases or are otherwise hidden from main thoroughfares. Leaving one or more rooms unused can make the house feel cramped, since activity is concentrated in a smaller area. If you can open up the view from the kitchen or the family area to that underutilized space, you will start to use it merely because you can see it. To open sightlines, build a “framed opening,” which is usually a foot or two wider than a doorway, into the wall that’s obstructing the view. If you can’t open the wall completely, you can make an interior window instead. That little strategy by itself will make your house both feel and live bigger.

2. Diagonal view: Another secret to making a house feel larger is opening up a “diagonal view,” or a line of vision that extends from one corner of the house to another. To do this, homeowners may need to remove some segments of the wall that’s blocking the line of vision. Once again, you might consider installing a framed opening or an interior window. It can be a fairly narrow split that allows you to see from one corner to the other. The house instantly feels larger because they are able to look along the longest vista that’s available.

3. Double duty: The floor plans of many of today’s homes have failed to keep pace with changes in lifestyle. For example, many homes still have formal dining and living rooms. While formal living areas sound appealing, in reality they don’t get much use. When remodeling or building a home, combine one living area and a dining area so that the new space can serve both formal and informal functions.

Consolidating will free up space that can be used for something else, such as a home office or a media room. If you are really attached to your formal dining room, consider lining it with bookshelves so it can also serve as a library. If you convert a rarely used room into one that’s more suited to everyday use, the entire house will feel more spacious.

4. Get comfortable: Many American homes are decorated with visually appealing but uncomfortable furniture, especially in formal dining or living rooms.

That’s one reason rooms with such furnishings often remain empty, which in turn drives a greater share of household activity into a smaller area of the house. Simply find furniture that’s both comfortable and functional.

5. Vary ceiling heights: Many houses built in the past few decades include a great room, an open space that contains an informal living room, an informal dining room and a kitchen. Although such spaces often are expansive, they don’t have anything that distinguishes one activity area from another, so the whole space ends up feeling awkward and ill-fitting.  If there is no contrast between spaces, we end up seeing it all as one large, amorphous nothing.

In order to establish some contrast, adjust and vary the height of the ceilings. A lower ceiling over the kitchen, a medium-height ceiling over the dining area, and the tall ceiling over the living space will give the contrast you need to make the area really begin to work together. It often comes as a surprise that by lowering some ceilings to create a hierarchy of activity places, the whole space actually ends up living larger. Raising a ceiling can be an expensive proposition because it requires changes to the support structure of the house, but when you lower a ceiling, you are not affecting the structure, so it is usually quite easy to do.

Foreclosures, Short Sales and REO's for this week

by Lakeshore Realty

SINGLE FAMILY HOMES

803 Jennifer St. - 3 Bed/2 Bath - 1282 SF - $429,000 - Short Sale

634 Village Blvd. 4 Bed/4 Bath - 2705 SF - $459,900 - REO

929 Dorcey Dr. 3 Bed/2 Bath - 1980 - $510,000 - Short Sale

581 Sugarpine - 3 Bed/3 Bath - 2490 SF - $750,000 - Short Sale

155 Wassou – 3 Bed/2.5 Bath – 2032 SF - $775,000 – Short Sale 

621 Tumbleweed – 3 Bed/2 Bath – 2312 SF - $799,000 – Short Sale   

CONDOS

989 Tahoe Blvd. #77 - 3 Bed/2 Bath - 1649 SF - $250,000 - Short Sale

333 Ski Way #273 - 1 Bed/2 Bath - 1062 SF - $305,000 - Short Sale

770 Southwood #7 - 2 Bed/2.5 Bath - 1371 SF - $347,000 - Short Sale

928 Wendy Ln. #3 - 4 Bed/3 Bath - 2044 SF - $349,900 - REO **REDUCED**

699 Hogan Ct. #1 - 3 Bed/2.5 Bath - 1848 SF - $365,000 - Short Sale 

FREE-STANDING TOWNHOMES

1324 Tirol Way - 2 Bed/2 Bath - 1024 SF - $319,000 - Short Sale

949 Harold Dr. #14 – 3 Bed/2 Bath – 1533 SF - $348,000 – Short Sale 

New Condo Listing at Burgundy Hill

by Lakeshore Realty

JUST LISTED

Burgundy Hill #317

1+ bedroom, 2 baths, single level condo with mountain views and peek of the Lake.

Offered for $324,900

Click here for more details and photos.

JUST LISTED - Serene Golf Course Setting

by Lakeshore Realty

JUST LISTED

 

Beautiful Tudor-style home on the Championship Golf Course.  4 bedrooms, 3 baths, lovely country kitchen and a picturesque, park-like setting on the golf course.

Offered for $1,495,000

Click here for more details and photos.

Foreclosures, Short Sale and REOs in Incline Village for this week

by Lakeshore Realty

SINGLE FAMILY HOMES

803 Jennifer St. - 3 Bed/2 Bath - 1282 SF - $429,000 - Short Sale **REDUCED**

634 Village Blvd. 4 Bed/4 Bath - 2705 SF - $459,900 - REO **REDUCED**

929 Dorcey Dr. 3 Bed/2 Bath - 1980 - $550,000 - Short Sale

860 Jeffrey – 3 Bed/1.5 Bath – 1392 SF - $599,000 – Short Sale

108 Steam Cr. - 4 Bed/3 Bath - 2146 SF - $629,000 - Short Sale **REDUCED**

581 Sugarpine - 3 Bed/3 Bath - 2490 SF - $750,000 - Short Sale

155 Wassou – 3 Bed/2.5 Bath – 2032 SF - $775,000 – Short Sale

377 2nd Tee Dr. - 4 Bed/3.5 Bath - 2392 SF - $850,000 - Short Sale

996 Wedge Ct - 4 Bed/4 Bath/2 Half Baths - 5742 SF - $1,996,000 - Short Sale 

 

CONDOS

872 Tanager St. #42 - 1 Bed/1 Bath - 600 SF - $115,000 - Short Sale

989 Tahoe Blvd. #77 - 3 Bed/2 Bath - 1649 SF - $250,000 - Short Sale

333 Ski Way #273 - 1 Bed/2 Bath - 1062 SF - $305,000 - Short Sale

770 Southwood #7 - 2 Bed/2.5 Bath - 1371 SF - $347,000 - Short Sale

699 Hogan Ct. #1 - 3 Bed/2.5 Bath - 1848 SF - $365,000 - Short Sale

928 Wendy Ln. #3 - 4 Bed/3 Bath - 2044 SF - $365,000 - REO

 

FREE-STANDING TOWNHOMES

1324 Tirol Way - 2 Bed/2 Bath - 1024 SF - $319,000 - Short Sale **REDUCED**

949 Harold Dr. #14 – 3 Bed/2 Bath – 1533 SF - $348,000 – Short Sale 

Lakeshore Realty Price Reductions for This Week

by Lakeshore Realty

202 Wheel Rd.

3 Bedrooms, 2 Baths, 1265 Square Feet

Reduced from $549,000 to $450,000

 

144 Village Blvd. #48 – McCloud

2 Bedrooms, 2 Baths, 1328 Square Feet, 1-Car Garage

Reduced from $649,000 to $641,000

 

929 Northwood Blvd. #119 – Third Creek

3 Bedrooms, 2.5 Baths, 1846 Square Feet, 1-Car Garage

Reduced from $859,000 to $829,000

 

198 Country Club Dr. #28 – Country Club Villas

3 Bedrooms, 2.5 Baths, 2108 Square Feet, 2-Car Garage

Reduced from $1,045,000 to $959,000

 

986 Dorcey Dr.

4 Bedrooms, 3 Baths, 4396 Square Feet, 2-Car Garage

Reduced from $1,325,000 - $1,200,000

 

1000 Apollo Way

3 Bedrooms, 3.5 Baths, 2247 Square Feet, 2-Car Garage

Reduced from $1,495,000 to $1,399,000

 

What you Should Know if you are Considering Short Selling you Home

by Lakeshore Realty

For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of those options is called a "short sale."

Once a rarity, short sales have become almost commonplace in many areas with large numbers of “underwater” mortgages.

When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due on the mortgage. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.

If you are considering buying a short sale, there could be drawbacks. For your protection, sellers should hire a real estate agent with experience in handling short sales, and call an accountant to discuss short sale tax ramifications

Be aware the I.R.S. could consider debt forgiveness as income, and there is no guarantee that a lender who accepts a short sale will not legally pursue a borrower for the difference between the amount owed and the amount paid. In some states, this amount is known as a deficiency. A lawyer can determine whether your loan qualifies for a deficiency judgment or claim.

Although all lenders have varying requirements and may demand that a borrower submit a wide array of documentation, the following steps will give you a pretty good idea of what to expect.

·         Call the Lender
You may need to make a half dozen phone calls before you find the person responsible for handling short sales. You do not want to talk to the "real estate short sale" or "work out" department, you want the supervisor's name, the name of the individual capable of making a decision.

·         Submit Letter of Authorization
Lenders typically do not want to disclose any of your personal information without written authorization to do so. If you are working with a real estate agent, closing agent, title company or lawyer, you will receive better cooperation if you write a letter to the lender giving the lender permission to talk with those specific interested parties about your loan. The letter should include the following:

·         Property Address

·         Loan Reference Number

·         Your Name

·         The Date

·         Your Agent's Name & Contact Information

·         Preliminary Net Sheet
This is an estimated closing statement that shows the sales price you expect to receive and all the costs of sale, unpaid loan balances, outstanding payments due and late fees, including real estate commissions, if any. Your closing agent or lawyer should be able to prepare this for you, if you do not know how to calculate any of these fees. If the bottom line shows cash to the seller, you will probably not need a short sale.

·         Hardship Letter
The sadder, the better. This statement of facts describes how you got into this financial bind and makes a plea to the lender to accept less than full payment. Lenders are not inhumane and can understand if you lost your job, were hospitalized or a truck ran over your entire family, but lenders are not particularly empathetic to situations involving dishonesty or criminal behavior.

·         Proof of Income and Assets
It is best to be truthful and honest about your financial situation and disclose assets. Lenders will want to know if you have savings accounts, money market accounts, stocks or bonds, negotiable instruments, cash or other real estate or anything of tangible value. Lenders are not in the charity business and often require assurance that the debtor cannot pay back any of the debt that it is forgiving.

·         Copies of Bank Statements
If your bank statements reflect unaccountable deposits, large cash withdrawals or an unusual number of checks, it's probably a good idea to explain each of those line items to the lender. In addition, the lender might want you to account for each and every deposit so it can determine whether deposits will continue.

·         Comparative Market Analysis
Sometimes markets decline and property values fall. If this is part of the reason that you cannot sell your home for enough to pay off the lender, this fact should be substantiated for the lender through a
comparative market analysis (CMA). Your real estate agent can prepare a CMA for you, which will show prices of similar homes:

·         Active on the market

·         Pending sales

·         Solds from the past six to 12 months.

·         Purchase Agreement & Listing Agreement
When you reach an agreement to sell with a prospective purchaser, the lender will want a copy of the offer, along with a copy of your listing agreement. Be prepared for the lender to renegotiate commissions and to refuse to pay for certain items such as
home protection plans or termite inspections.

Now, if everything goes well, the lender will approve your short sale. As part of the negotiation, you might ask that the lender not report adverse credit to the credit reporting agencies, but realize that the lender is under no obligation to accommodate this request.

JUST LISTED - Gorgeous Custom Estate in Montreux

by Lakeshore Realty

JUST LISTED

This elegant custom home is located at prestigious Montreux, the private Jack Nicklaus golf community. Offered hundreds of thousands below appraisal.

Offered for $1,880,000

Click here for more details and photos

Foreclosures, Short Sales and REOs in Incline Village 8/02-8/09

by Lakeshore Realty

SINGLE FAMILY HOMES

803 Jennifer St. - 3 Bed/2 Bath - 1282 SF - $449,000 - Short Sale **NEW**

634 Village Blvd. 4 Bed/4 Bath - 2705 SF - $479,900 - REO

860 Jeffrey – 3 Bed/1.5 Bath – 1392 SF - $599,000 – Short Sale

108 Steam Cr. - 4 Bed/3 Bath - 2146 SF - $699,000 - Short Sale

581 Sugarpine - 3 Bed/3 Bath - 2490 SF - $750,000 - Short Sale **NEW**

155 Wassou – 3 Bed/2.5 Bath – 2032 SF - $780,000 – Short Sale **REDUCED**

377 2nd Tee Dr. - 4 Bed/3.5 Bath - 2392 SF - $850,000 - Short Sale

996 Wedge Ct - 4 Bed/4 Bath/2 Half Baths - 5742 SF - $1,996,000 - Short Sale **NEW**

 

CONDOS

872 Tanager St. #42 - 1 Bed/1 Bath - 600 SF - $125,000 - Short Sale

825 Southwood #8 – 3 Bed/2 Bath – 1136 SF - $169,900 – Bank Owned

989 Tahoe Blvd. #77 - 3 Bed/2 Bath - 1649 SF - $250,000 - Short Sale

333 Ski Way #273 - 1 Bed/2 Bath - 1062 SF - $305,000 - Short Sale

770 Southwood #7 - 2 Bed/2.5 Bath - 1371 SF - $347,000 - Short Sale

699 Hogan Ct. #1 - 3 Bed/2.5 Bath - 1848 SF - $365,000 - Short Sale

928 Wendy Ln. #3 - 4 Bed/3 Bath - 2044 SF - $365,000 - REO

FREE-STANDING TOWNHOMES

1324 Tirol Way - 2 Bed/2 Bath - 1024 SF - $329,000 - Short Sale **REDUCED**

949 Harold Dr. #14 – 3 Bed/2 Bath – 1533 SF - $348,000 – Short Sale 

JUST LISTED - Third Creek and Crystal Shores East

by Lakeshore Realty

 

Creekside unit at Third Creek

Very well maintained Third Creek condo overlooking the creek and a beautiful wooded setting.  Offered furnished and freshly painted.

$855,000

Click here for more details and photos

______________________

Fabulous Lakefront Condo

 

Nicely updated Crystal Shores East condo with panoramic lake views from most rooms including the master suite.  Homowners' beach and marina.

Offered furnised (excluding art and a few other items) for $1,650,000

Click here for more details and photos

Displaying blog entries 1-10 of 13

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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

LAKESHORE REALTY

Lake Tahoe's Incline Village Real Estate Market Experts & Home Sales Professionals

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