"New home never been lived in!"

• 6 Bedrooms
• 4.5 Bathrooms
• 2 Fireplace's
• 3629 Square Feet
• Year Built: 1979

VIRTUAL TOUR

New home never been lived in! Year built says 1979 because the owners left one wall standing, actual completion date was 2010. If you need further information call listing agent. Top of the line through-out. A must see!

PRICE: $2,075,000

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. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

These are some of the newest listings at Lakeshore Realty on the North Lake Tahoe Real Estate Market.

1565 Pine Cone

Bed: 3
Bath: 2
Year: 1976
Sq. Ft.: 1536

Price: $2,749,000

VIRTUAL TOUR 

Listing Agent:
Nevada Metherd

PRESTIGIOUS Pine Cone Cr. VALUE IN LAND. Owners have gated wide sandy beach,share the pier,have own buoys, dive plat form. Charming mtn st. New custom homes.BUILD HERE! Quiet area. OK walk lot.

714 Mays Blvd.

Bed: 3
Bath: 3
Year: 1997
Sq. Ft.: 3983

Price: $1,750,000

 VIRTUAL TOUR

Listing Agent:
Peg Augustus

Stunning home just 1 block from Burnt Cedar Beach. Huge living rm, 3 fireplaces, cathedral ceilings, family room, large office. Chef's kitchen w/ granite counters,wood flr, double ovens. Master on main level w/FP. Beautiful yard,2 big decks, hot tub.

123 Juanita Dr.

Bed: 3
Bath: 2
Year: 1971
Sq. Ft.: 1168

Price: $459,900

Listing Agent:
Carole Madrid

GORGEOUS remodel with top of line finishes. Cathedral ceilings w/skylights. Best location in complex. HOA pool. A must see!

121 Juanita Dr.

Bed: 1
Bath: 1
Year: 1971
Sq. Ft.: 792

Price: $329,000

Listing Agent:
Carole Madrid

BEAUTIFUL designer remodeled lower unit in one of Incline's premiere developments! Slate floors, alder finishes and granite counters. Best location and great rental history ! Walking distance to Incline Beaches. A must see!

501 Lakeshore Blvd.

Bed: 3
Bath: 2.5
Year: 1970
Sq. Ft.: 2319

Price: $1,395,000

Listing Agent:
Lana Nelson  

Best of the back-row lake views! Positioned between 2 front units.High end state of the art remodel! Family/Game RM/wetbar. Luxurious Kit & Baths. Private HOA Pier & assigned buoy New roof& siding in 2012.

908 Harold

Bed: 2
Bath: 2
Year: 1981
Sq. Ft.: 1452

Price: $309,000

Listing Agent:
Carole Madrid

SHORT SALE - end unit in Fairway Pines!

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.

Below we have a list of properties that were sold by Lakeshore Realty Real Estate Agents and properties that were listed by Lakeshore Realty agents and were sold in the past month. 

571 Putter Ct. 

Bed: 4
Bath: 4.5
Year Built: 1987
Sq. Ft.: 5612

Days on Market: 956
Sold Date: 11/28/2011
Sold Price: $1,500,000

Selling Agent:
Chris & Patti Plastiras

200 Village Blvd.

Bed: 3
Bath: 2
Year Built: 2005
Sq. Ft.: 2562

Days on Market: 136
Sold Date: 12/07/2011
Sold Price: $512,000

Selling Agent:
Lana Nelson  

702 College Dr. 

Bed: 3
Bath: 2.5
Year Built: 1940
Sq. Ft.: 1312

Days on Market: 99
Sold Date: 12/21/2011
Sold Price: $248,000

Selling Agent:
Pam Fernandez

700 College Dr.

Bed: 3
Bath: 2
Year Built: 1978
Sq. Ft.: 1120

Days on Market: 218
Sold Date: 12/20/2011
Sold Price: $248,000

Listing Agent:
Pam Fernandez

121 Juanita Dr.

Bed: 1
Bath: 1
Year Built: 1971
Sq. Ft.: 750

Days on Market: 137
Sold Date: 11/15/2011
Sold Price: $250,000

Listing Agent:
Carole Madrid

931 Incline Way

Bed: 2
Bath: 2
Year Built: 1989
Sq. Ft.: 1111

Days on Market: 147
Sold Date: 12/29/2011
Sold Price: $350,000

Listing Agent:
Patricia Lantz

400 Fairview Blvd. 

Bed: 2
Bath: 2
Year Built: 1985
Sq. Ft.: 1188

Days on Market: 161
Sold Date: 11/22/2011
Sold Price: $356,000

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.

"Lakefront Condo"

• 2 Bedrooms
• 2 Bathrooms
• 1 Fireplace
• 1708 Square Feet
• Year Built: 1964

VIRTUAL TOUR

Lakefront condo! Unobstructed views of Lake Tahoe! End unit, remodeled. Complex has common beach, boat dock/Pier. Complex rarely on the market and one of the few with a beautiful sandy beach! Must See! Easy to show.

PRICE: $1,525,000

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. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

According to FHA, the waiver contains strict conditions and guidelines to prevent the predatory practice of property flipping, in which properties are quickly resold at inflated prices to unsuspecting borrowers.

Among these conditions, all transactions must be arms-length, with no link between the buying and selling parties.

In addition, in cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the waiver will apply only if the lender meets specific conditions, and documents the justification for the increase in value.

FHA’s property-flipping waiver is limited to forward mortgages, and does not apply to the agency’s Home Equity Conversion Mortgage (HECM) for purchase program.

Since the original waiver went into effect on February 1, 2010,FHA has insured nearly 42,000 mortgages worth more than $7 billion on properties resold within 90 days of acquisition.

The agency says its own research has found that in today’s market, acquiring, rehabilitating, and reselling foreclosed properties to prospective homeowners often takes less than 90 days.

As a result, FHA says prohibiting the use of its mortgage insurance for a subsequent resale within 90 days would adversely impact the willingness of sellers to consider offers from potential FHA buyers, namely because they would be required to cover holding costs and the risk of vandalism that comes with allowing a property to sit vacant over a 90-day period of time.

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.

Bellow are the broken down reports for Residential Properties, Condominium and Townhomes in 2011.

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.

As the New Year flows in...
May you soar ever higher...
Reach greater heights...
And find happiness in everything you do!

Lakeshore Realty wishes you a
Happy New Year!

The National Association of Realtors will announce later this week some revisions to its existing home and new home sales counts and perhaps adjustments to its reports on home inventories.  The announcement came with little surprise to careful watchers as NAR signaled its intent to review its sampling methodologies several months ago.

What will it mean to leaders of the brokerage industry?  Perhaps not much in the short term but longer term it will help NAR regain the credibility it once had as “the” source for housing market data that it lost over the past six to seven years.  It also means that their forecasts and reports will likely be more credible and hence provide policy makers at all levels better tools and more comfort with the reports. Kudos to Lawrence Yun for this bold step to correct past issues with these reports.

GSE Reform on the Table

The long discussed and awaited proposal for reform of Fannie Mae and Freddie Mac got new emphasis when the House committee overseeing the GSE’s issued a draft report suggesting huge changes to the charters of these giants.  The proposals would ultimately lessen the degree of power that these two firms have over the housing market and substitute private market competitors as a means of continuing to deliver liquidity to the mortgage market.

While the proposals are likely to be radically reformed before any real change takes place, they do represent a marker for all who follow in trying to figure out the future for housing finance.  It is recognized that no changes should happen suddenly as any more shocks to housing could tilt the slowly improving economy backwards.

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.

Let the lights shine. For a showing every single light in the house must be on. It’s also a great idea to keep the light on in the front of the house even if there is no showing scheduled because a lot of people may walk or drive by and it gives the home a happy and welcoming feeling.

Provide convenient parking. It’s vital for buyers to have a convenient place to park; it’s not too much fun for them to walk long distances in the cold weather and snow banks, especially if they are not from Tahoe or a place where it snows. Because parking is more restricted around condominiums, sellers should make sure that their agents can pass along parking details to buyers.

Don’t ignore the outdoors. Make a good first impression on buyers with a neatly maintained yard. Walks and steps should be kept clear, especially of snow and ice.

Make it easy to enter. Winter showings can get off to an awkward start if potential buyers arrive with snow or salt on their shoes. You can use a festive rug (maybe you can use a local theme rug) at the front door for a first great impression and so visitors can wipe off their feet. Have slippers or disposable shoes available along with a bench chair available where they can exchange their shoes.

Keep odors under control. Any home tends to get stuffy in the winter since windows are opened rarely. That can allow odors to build up, which can be a turn-off for buyers; pet odors can be worrisome in the winter so it’s highly recommended to use an air purifier and clean more often. If pets are in the house consider setting the thermostat control so that the furnace fan runs constantly during the day to keep air moving through the house and dissipate odors. Also avoid strong cooking odors on showing day.

Create a festive look. Appropriate Christmas decorations and even St. Valentine’s Day can help give a home a cheerful look in winter months. But don’t overdo it with decorations, remember that the buyers are here to see the house you are trying to sell and not your decorating skills.

Encourage daytime showings. A home shows bets it’s advantages during the daylight hours, which are relatively scarce in winter. Encourage your agent to schedule showings before 3PM.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by emailor call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

These are some of the newest listings at Lakeshore Realty on the North Lake Tahoe Real Estate Market.

916 Lakeshore Blvd.

Bed: 6
Bath: 6
Year: 1991
Sq. Ft.: 5031

Price: $2,695,000

Listing Agent:
P. J.  Focht  

Prestigious Lakeshore Dr & lake views too! Designed for a lg family.6 bdrms & 6 baths.Lg game rm; MBR on main lvl; lg eat in kit; pvt office; formal dining; 2+ gar incls RV gar. Water feature, fenced yard,3 fp, lakeview sun deck, elevator & AC too!

732 James Lane

Bed: 3
Bath: 2
Year: 1976
Sq. Ft.: 1767

Price: $629,000

Listing Agent:
Chris & Patti Plastiras

One level living, great location in family neighborhood - lrg master suite, open great-room layout, no trpa records, ready to move in- new carpet and paint.

338 2ND Creek

Bed: 3
Bath: 3
Year: 1982
Sq. Ft.: 4000

Price: $749,000

Listing Agent:
Carole Madrid

SHORT SALE ! BEAUTIFUL setting surrounded by pine trees and year-round creek in back. This home has mountain charm -perfect mountain get away. Guest quarters on lower level open to enclosed deck. On Lock Box - Call for LB code.

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.

- 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. 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.

As you near the end of your transaction, and when Escrow has received and prepared the required documents, you will be contacted to set an appointment for you to review, approve and sign your documents. This portion of your transaction is referred to as “the signing” and will usually occur a few days prior to your actual close date.

This Instructional Video will prepare you for what to bring and what you can expect at your signing.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by emailor call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Sometimes even more illogical reasons are used to turn down possible buyers. For instance, if you have investments -- even if they're performing well -- an underwriter might deny the mortgage because your portfolio doesn't fall into the underwriter's risk assessment model.

One couple was turned down because the husband had worked at his current job for less than a year -- even though he was making more money at the new job than he was before.

Generally, it's more difficult to qualify now than it was a year ago. Most conventional lenders require a 20-25 percent down payment. For the lowest interest rates, your credit scores need to be in the 700 range. You need to have verifiable income and cash reserves in addition to your down payment and closing costs.

You could run into underwriting problems if you're self-employed, as W-2 income is much easier to verify. Other hurdles are lapses in employment and owning a lot of property. Some lenders won't lend to buyers who have more than three or four residential properties.

Lenders will review all consumer debt. To receive a fast approval, all loans in the borrower's name must be up to date and paid on time for a period of at least two years. The total amount of debt will be factored against a consumer's income to calculate a debt-to-in come ratio. If your debt exceeds 40 percent your monthly gross income, your chances for a loan approval will decrease.

If you're buying a new home before selling your current home, you'll need to have 30 percent equity in your current home. This needs to be verified by the lender's appraiser. Also, the lender will want to see a copy of the cashed check from the tenant for the first month's rent to verify rental income if needed to qualify.

HOUSE HUNTING TIP: As soon as you're serious about buying a home, find the best mortgage broker or loan agent you can to assist you. Don't make your selection based on interest rates alone. A good track record counts for a lot.

Closing the deal should be your primary goal. If you have to pay 0.25 percent more to assure your transaction closes on time and that you're not turned down at the last minute, it's worth it.

Be candid with your loan professional about anything in your financial picture that might impact loan qualification. A good loan agent or broker will be able to assess your financial situation and anticipate what you'll need to do to satisfy the underwriter.

Be aware that appraisal issues can impact your loan approval. For example, if a previous owner added square footage without a building permit, the additional square footage probably won't be included as livable square feet.

APPRAISAL: Lenders want to make sure that a home is worth what they are lending to a consumer so that they are not making a loan that is "upside down." Most lenders will require an independent appraisal as part of the mortgage approval process. If the appraisal doesn't equal at least the loan amount, the consumer will either have to pay the difference in cash, have the seller agree to sell the home for the appraised value or walk away from the transaction.

As of Oct. 1, the conforming jumbo mortgage limit for expensive housing markets like New York City and San Francisco dropped from $729,750 to $625,500. In some cases, conforming jumbo lenders have moved into the market to pick up some slack. You can expect to pay about 0.25 percent more for a 30-year fixed-rate conventional jumbo loan, in some cases. However, today's lower interest rates will help boost affordability.

There are more jumbo financing options available now. Adjustable-rate mortgages that are fixed for 10 years and then revert to an adjustable have a starting rate about 0.25 percent less than a 30-year fixed jumbo. A five-year fixed starts about 0.5 percent to 0.75 percent lower, but is riskier.

When applying for a home loan, it is important that you inform your loan officer of any changes to your situation, as it can affect a home loan approval. Not communicating things to your loan officer can mean a cancellation of your loan up to the day and time of closing.

THE CLOSING: Because of the risk factor, the lender may want you to have a large cash reserve. Your retirement account counts toward this.

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.

These are some of the newest listings at Lakeshore Realty on the North Lake Tahoe Real Estate Market.

1052 Lucerne

Bed: 3
Bath: 2.5
Year: 1983
Sq. Ft.: 1920

Price: $635,000

Listing Agent:
Sharon Peplau

Top of the line remodel with bamboo and slate flooring, granite countertops, exceptional tile finishes in bathrooms. Inviting great room offers the much sought after Tahoe ambience. Upscale Incline Complex W/Pool/Tennis. Ample Storage.

777 Freels Peak Dr.

Bed: 4
Bath: 2.5
Year: 1992
Sq. Ft.: 2786

Price: $855,000

Listing Agent:
Peg Augustus

Desireable location 2 blocks from lake & walk to shopping.Very charming w/large great room, stone fireplace, vaulted ceilings. Huge kitchen w/granite counters,wood floor. Master w/fireplace and deck. Beautiful landscaped grounds.4th BR can be fam rm.

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.

After falling to a 13-year low during the second quarter, the homeownership rate posted a highly unexpected rise in the third quarter, according to a Census Bureau report released Wednesday.

With foreclosures forcing homeowners out of their homes and buyers waiting on the sidelines as home values declined, the homeownership rate has been on the decline for quite some time. In fact, according to Bloomberg, the third quarter rise is the first in two years.

However, the 0.4 percent increase, which brought the homeownership rate to 66.3 percent for the third quarter, was not enough to post an annual increase.

The current homeownership rate remains 0.6 percent below the rate recorded in the third quarter of 2010.

Furthermore, according to the Census report, when the current rate is seasonally adjusted – which brings it to 66.1 percent – it is “not statistically different from the rate last quarter” – an even 66 percent.

Homeowner vacancy rates fell 0.1 percent in the third quarter arriving at 2.4 percent.

At the same time, rental vacancies rose 0.6 percent arriving at 9.8 percent.

Despite this shift, Capital Economics says in response to the Census findings, “The modest increase in the rental vacancy rate in the third quarter does little to alter our view that rental yields will soon rise above 5.5%, comfortably beating the yields available on Treasuries and equities.”

“Meanwhile, the homeownership rate remains at a level that suggests America’s love-affair with housing is still on the rocks,” Capital Economics adds.

About 85.8 percent of housing units were occupied in the third quarter.

The region with the highest homeownership rate was the Midwest with a rate of 70.3 percent, while the lowest homeownership rate was seen in the West at 60.7 percent.

The Northeast and South feel in between at 63.7 percent and 68.4 percent respectively.

At 76.1 percent, West Virginia had the highest homeownership rate. The state was followed closely by Mississippi with a 70 percent homeownership rate.

The lowest homeownership rate was seen in the District of Columbia, where the rate for the quarter was 44.3 percent. New York followed with 54.4 percent.

Nevada and California – states hard-hit by the housing crisis – were also in the bottom five with homeownership rates of 55.3 percent and 55.9 percent respectively.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by emailor call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

An escrow is created when money and/or documents are deposited by two or more persons with a third party which are to be delivered upon the happening of certain conditions. The third party is known as the escrow agent or escrow holder.

On average in the last 3 years the North Lake Tahoe real estate market has a constant growth in the "Price Differential" index in October, which means that the sellers sell their homes at a price that is very close to the asking price, on the other hand homes tend to stay for longer periods of time on the  market.

- 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. You can also contact us by emailor call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Title insurance provides coverage for certain losses due to defects in the title that, for the most part, occurred prior to your ownership. Title insurance protects against defects such as prior fraud or forgery that might go undetected until after closing and possibly jeopardize your ownership and investment.

Below we have a list of properties that were sold or listed by Lakeshore Realty Real Estate Agents.

907 Jennifer Dr.

Bed: 3
Bath: 2
Year Built: 1982
Sq. Ft.: 1609  

Days on Market: 38
Sold Date: 10/07/2011
Sold Price: $399,500 

Listing Agent:
Chris & Patti Plastiras

1079 Millcreek Rd.

Bed: 2
Bath: 2
Year Built: 1976
Sq. Ft.: 2247

Days on Market: 226
Sold Date: 10/12/2011
Sold Price: $775,750  

Listing Agent:
Pam Fernandez

 953 Dorcey Dr.

Bed: 5
Bath: 3
Year Built: 1992
Sq. Ft.: 2338

Days on Market: 472
Sold Date: 10/13/2011
Sold Price: $765,000

  Selling Agent:
Chris & Patti Plastiras

1098 Lucerne Way

Bed: 3
Bath: 3.5
Year Built: 1979
Sq. Ft.: 3344

Days on Market: 307
Sold Date: 10/14/2011
Sold Price: $550,000  

Selling Agent:
Yvette Shipman  

929 Northwood Blvd.

Bed: 3
Bath: 3
Year Built: 1992
Sq. Ft.: 1918

Days on Market: 126
Sold Date: 10/13/2011
Sold Price: $591,000

 Listing Agent:
Jim Ellis         

947 Incline Way

Bed: 2
Bath: 2
Year Built: 1991
Sq. Ft.: 1089

Days on Market: 59
Sold Date: 09/27/2011
Sold Price: $386,500

Listing/Selling Agent:
Carole Madrid  

549 Lakeshore Blvd.

Bed: 2
Bath: 2
Year Built: 1963
Sq. Ft.: 1218

Days on Market: 226
Sold Date: 10/07/2011
Sold Price: $775,000

 Listing/Selling Agent:
Chris & Patti Plastiras  

557 Lakeshore Blvd.

Bed: 2
Bath: 2
Year Built: 1965
Sq. Ft.: 1168

Days on Market: 116
Sold Date: 10/20/2011
Sold Price: $690,000

 Listing Agent:
Lana Nelson  

136 Juanita Dr.

Bed: 1
Bath: 1
Year Built: 1974
Sq. Ft.: 753

Days on Market: 1
Sold Date: 09/23/2011
Sold Price: $219,000

 Listing Agent:
Peg Augustus

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.