North Lake Tahoe &
Incline Village Real Estate Blog

We’re seeing lower interest rates!  Europe going through their own financial crisis…..16 countries in Europe use the Euro as their currency and right now, as you know, Greece is having a financial meltdown effecting all of Europe’s stability.  The USA is benefiting from the lack of confidence in Europe by investors…so I guess we’re the default market for their money.  That is what’s helping with our home loans hitting well below 5%.  A one percent decrease in interest rates translates to a very substantial amount lowering your monthly mortgage payment.

This is the good news……the bad news……it’s still very difficult to qualify for a loan….…harder than it has ever been…..but, if you can get over that hurdle, it’s a great time to either refinance or perhaps buy that second home at Tahoe that’s always been your dream.  You’ll get your dream home at prices we haven’t seen in a decade and you’ll save even more with today’s low interest rates.

Please check out my foreclosure blog for all the new foreclosures, short sales, REO’s in Incline Village, North Lake Tahoe, Truckee, Tahoe City. Although in today’s market, just about all listings are being priced to sell.  We’re seeing price reductions everyday.  Sellers don’t want to go through another summer without selling their homes.  The tone is set for a very vigorous robust market.   Now is the time to move on that dream!

Thanks for being here, Linda

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As I look out the window, yet another storm arriving tonight.  Snow again?   What is going on?  Storms have been stacking up one after another for, certainly, the last few months.  The problem, as we see it,  it’s not winter and it’s not summer.  It’s not even spring.   Strange, strange weather.  So waiting to see the sun…our part of the world normally sees the sun over 300 days a year….not this year, of course. 

Fortunately real estate business has been keeping me very busy.  Not much time to think about the weather or the bike rides I’m not able to ride. Properties are getting lots of showings.  It doesn’t appear the tourists are here but whoever is here, seems to be interested in Lake Tahoe real estate.  My take is buyers are beginning to realize properties at the Lake are finally good deals.  Certainly, a large portion of properties are very attractively priced.  We’re seeing price reductions everyday.  Today 590 Pinto court was reduced $300,000 to $2,599,000……this home is lovely…real Tahoe look and feel.   Four bedrooms, four and one half baths in this 4840 sq. ft. home.  Lake and mountain views. 

One of my listings was just reduced to $595,000.  This property begs someone who thinks outside the box.  Each apartment is accessed from the same indoor entrance.  Over than $100,000 in upgrades.  New siding, new windows, new decks, landscaping, rock exterior, new entrance, and the list goes on.   This can be used as a single home….live in one, rent the other or rent both.  This is a duplex with 4 bedrooms 3 baths and a 2 car garage.  It also has a large work room accessed through the garage.  A wood burning fireplace in each apartment and the yard is fenced.  Priced to sell.  CLICK HERE FOR DETAILS ON 1032 WAR BONNET

Short sales and foreclosures in Incline Village and the North Shore of Lake Tahoe are still available of course, but certainly a very small portion of our listings are distressed properties.  I will be posting a new list in the next few days for your viewing. Stay tuned

Best to all,

Linda

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