Great Bank Owned Opportunity in Christmas Valley South Lake Tahoe

February 27, 2009

3 bedrooms, 2 baths, 2 car garage mtn. chalet with open beam ceilings 1467 sq. ft. of living space. Great vacation getaway or primary residence.

 

South Lake Tahoe Real Estate Market Up-date

February 22, 2009

Latest figures show South Lake Tahoe real estate sales improved 2008 over 2007. The stats show that homes are selling 20 percent faster and homes sold have increased 13% as compared to an 11% increase 2006 to 2007. These are good numbers and show an improving market. We may or may not have hit bottom but I am still confident that we will continue to see an increase in homes sold and a decrease in days on market. This means that sellers will hold closer to list price and be more reluctant to entertain low ball offers. Now if the foreclosure rate decreases due to government programs or an overall improvement in the economy you can expect an even faster rate of improvement. Now through spring presents your best opportunity to buy Tahoe real estate.

Just Listed-Bank Owned in South Lake Tahoe

February 20, 2009

Tahoe Island drive area of South Lake Tahoe. 4 bedroom, 2 baths, 1 car garage. 1650 sq. ft. of living space, built in 1968. Near bike trails, beach, ski. Listed at $275,000 to be sold as is.

Bank Owned Fixer in Stateline Nevada

February 20, 2009

Perfect for the investor or first time homebuyer. Close to casinos/ski resort. 3 bedroom, 2 baths, 2 car garage. 1265 sq. ft. of living space built in 1960. Meadow view across the street. Won’t last long at $179,900

 

Featured Property South Lake Tahoe

February 19, 2009

3606 Needle Peak. Lake and mtn views. Watch the skiers ski down the face of Heavenly from your front deck. 4 bed, 2.5 baths, 1831sq. ft. of living space in this remodeled interior. Lot is 1.25 acres of forest. JUST REDUCED to $799,000

South Lake Tahoe Market Up-Date

February 19, 2009

South Lake Tahoe Market Up-Date-Evidence that the buying activity is increasing, five offers were submitted on one property this past weekend. The property was located off North Upper Truckee and yes it was priced to sale and yes it had a great setting, but 5 offers shows a very active market. House was dated and covered with snow but still attracted a lot of investors. Lots of low end vacation homes are available in South Lake Tahoe. I finally feel confident in saying that the absorption phase of the market will be in full gear this spring and summer. Now is the time to buy property in South Lake Tahoe. There is a Ski Run condo on the market for $229,000-wow, great price and in good condition. You can now buy Ski Run condos for the price of the Wildwood condos down the hill off Pioneer Trail.

Vacation Home vs. Timeshare Debate

February 19, 2009

CON=against timeshare PRO=in favor of timeshare

First off let me qualify myself by saying that not only did I work at Marriott in South Lake Tahoe once upon a time selling timeshares but now my desk for general real estate is across the hall from our timeshare agent. I hear all the pros and cons. CON-Timeshares are wonderful vacation tools but depending how many weeks you can afford to buy per year that is the extent of your usage. PRO-You cannot put wings on your house and exchange it to vacation in other destinations. CON-You have to pay to get to your destination addition to your yearly maintenance fee and a with a large family that can be expensive PRO-If you do own multiple weeks or a 1/4 share you can rent or bank a week or more to cover some or all of your travel expenses. CON-To my knowledge timeshares do not appreciate, they are like buying a new car. Even when the resort sells out owners are always selling on the aftermarket. PRO-You do not have to perform maintenance on a timeshare or pay utilities so you are free or additional expense and free to enjoy your vacation. CON-You get to enjoy a vacation home year round and can rent it out whenever it is not in use to pay for maintenance, taxes, utilities, etc. PRO-Timeshares are a lot less expensive than buying a home. If you own a timeshare or vacation home please continue the debate

Bank Owned Chalet in South Lake Tahoe

February 13, 2009

Walk out your back door into the national forest. 3 bedrooms, 2 baths, 2 car garage open beam vaulted ceilings. The perfect Tahoe chalet. Must be bank owned ready because this wont last long. 1329 sq.ft. living space. $284,900

Great Bank Owned Near Heavenly

February 12, 2009

This bank owned would make a great investment property. 2 blocks from Heavenly. 4 bedroom, 2baths, 1584 sq. ft. of living space, built in 1975.

Bank owned near golf course-Just Reduced

February 12, 2009

Reduced to $289,900 3 bedroom, 2 baths, 2 car garage, 1872 sq. ft. living space. Near Tahoe Paradise golf course. Nice layout for entertaining.

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