Did you miss out on getting that short sale home in Lake Tahoe, California?

Did you miss out on getting that short sale home in Lake Tahoe, California?

Did you miss out on getting that short sale home in Lake Tahoe, California?Are you a Lake Tahoe, California buyer that has been waiting for the right short sale home to buy? Have you lost out to another buyer?  Everyone wants a great deal on a Lake Tahoe vacation home, and one way to do that is to buy a short sale property.   

What you need to know is that 61% of all single family short sales closed in Lake Tahoe* during 2011 were closed with the very first Buyer’s accepted offer. If we look at short sales that were only listed in 2011, the number of sales completed by the first accepted offer increases to 67%.  That means only 1/3 of the short sales ever fell out of escrow.

Why are short sales in Lake Tahoe closing with such a high rate of success from the first accepted offer?  Local short sale agents are getting better at qualifying their buyers and sellers.  The experienced short sale agent is able to prepare their clients and manage their expectations during the short sale process.  When clients have been well prepared for the events that are likely to occur, the client is far more likely to stick with the escrow until closing.

Tahoe buyers hoping to get a great short sale home after it falls out of escrow should re-think their strategy. Rather than hoping that an escrow will fail, or cancel they need to plan on acting quickly in the beginning.

As a Tahoe buyer you may not realize how much competition you have when it comes to buying a short sale property. It’s important to write an offer as soon as you are interested in a particular short sale home and knowing the current market value for a Tahoe property is critical to a buyers’ success.

The demand for Lake Tahoe short sale homes has been high, and Tahoe buyers need to adjust their valuation and timing strategies to current local market conditions.  Acting quickly, and putting together contract terms that the short sale seller is likely to accept is the best way for a Tahoe buyer to be the successful purchaser of a short sale home in Lake Tahoe.

For all of your Tahoe real estate needs – Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist,  DRE# 01473598,  530.414.1260, www.TahoeLauraLuxuryHomes.com     Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.

*  Market data from Tahoe Sierra Multiple Listing Service MLS Areas 1-5.

Originally posted at: http://tahoelauraallenluxuryhomes.com/post/2677331/did-you-miss-out-on-getting-that-short-sale-home-in-lake-tahoe-california

Alpine Meadows Cocktail Party and Fireworks at Squaw Valley, California, New Year’s Eve, December 31, 2011

Alpine Meadows Cocktail Party and Fireworks at Squaw Valley, California, New Year’s Eve, December 31, 2011 

Alpine Meadows Cocktail Party and Fireworks at Squaw Valley, California, New Year’s Eve, December 31, 2011  If you’d like to start your New Year’s Eve off early, check out Alpine Meadows as it hosts it pre New Year’s Eve Cocktail Party from 2 p.m. to 5 p.m., on December 31, 2011.  There will be appetizers, live music, and a gear raffle at The Alpine Bar.  For more information on the Alpine Cocktail party, click here! 

Later in the evening, check out the free fireworks at 9:30 p.m. at the Village at Squaw Valley, California, on New Year’s Eve, December 31, 2011.  For more information on the events going on a Squaw Valley, California, New Year’s Eve Celebrations December 31, 2011, click here! 

Alpine Meadows Cocktail Party and Fireworks at Squaw Valley, California, New Year’s Eve, December 31, 2011

Don’t forget to line-up your designated driver if you’ll be out and about enjoying a cocktail, or two.  If you don’t have a driver, take the TART shuttle that will run until 3 a.m.  For the TART schedule call 866.216.5222 or visit www.LakeTahoeTransit.com

Need more choices in addition to the Alpine Meadows Cocktail Party and Fireworks at Squaw Valley, California, New Year’s Eve, December 31, 2011?  Check out my other local New Year’s Eve Event blogs. 

 

 Happy

New Year!

Search all Squaw Valley, California Mountain Homes and Cabins for sale?  Click here!

Search all Squaw Valley, California Condominium / Townhomes are for sale?  Click here!

Search all Alpine Meadows, California Mountain Homes and Cabins for sale?  Click here!

Search all Alpine Meadows, California Condominium / Townhomes are for sale?  Click here!

 For all of your Tahoe real estate needs – Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist,  DRE# 01473598,  530.414.1260, www.TahoeLauraLuxuryHomes.com     Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California

Originally posted at:  http://tahoelauraallenluxuryhomes.com/post/2673981/alpine-meadows-cocktail-party-and-fireworks-at-squaw-valley-california-new-year-s-eve-december-31-2011

Northstar, California, New Year’s Eve Celebrations December 31, 2011

Northstar, California, New Year’s Eve Celebrations December 31, 2011 

Northstar, California, New Year’s Eve Celebrations December 31, 2011

1 p.m. – 3 p.m. Northstar, California, will start to bring in the New Year with DJ music from 1 p.m. – 3 p.m. in the Northstar, Village Stage.   

5 p.m.   Northstar will be putting on a Ripperroo Parade for all ages (Ripperroo is the ski and snowboard mascot), beads, noise makers, singing, dancing, you get the idea, and should be a lot of fun for everyone.

7 p.m. – 9 p.m. Enjoy an evening with live music by Led Zeppelin 2:  The Experience, which will begin at 7 p.m. and end at 9 p.m.

9 p.m.  Fireworks at Northstar at 9 p.m.

Northstar, California, New Year’s Eve Celebrations December 31, 2011   

Happy

New Year!

Thinking about getting you own place here at Northstar at Tahoe?

Search all Northstar (Truckee), California Mountain Homes and Cabins for sale?  Click here!

Search all Northstar (Truckee), California Condominium / Townhomes are for sale?  Click here!

For more information on the Northstar, California, New Year’s Eve Celebrations December 31, 2011, click here! 

For all of your Tahoe real estate needs – Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist,  DRE# 01473598,  530.414.1260, www.TahoeLauraLuxuryHomes.comLaura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California

Originally posted at:  http://tahoelauraallenluxuryhomes.com/post/2670616/northstar-california-new-year-s-eve-celebrations-december-31-2011

Tahoe Donner Torchlight Parade, Truckee, California, December 31, 2011

Tahoe Donner Torchlight Parade, Truckee, California, December 31, 2011

Tahoe Donner Torchlight Parade, Truckee, California, December 31, 2011 It’s that time of year when we’re ready to say good-bye to 2011, and welcome in 2012.  Everyone has their own way of bringing in the New Year, and one local Tahoe favorite is to start the evening off by watching the annual Tahoe Donner Torchlight Parade in Truckee, California on New Year’s Eve, December 31, 2011 at 6pm. 

The parade will begin at 6 p.m., but it doesn’t hurt to get there early to get a good spot to watch the skiers carrying their torches down the hill.  Dress warmly as the forecast is for cold, but clear weather. 

The photo in this blog is from the Squaw Valley Torchlight Parade that just happened on December 24, 2011, so you’ll have an idea of how spectacular this  event can be. 

If you’d like to be one of the skiers in the parade there will be an open sign-up at the Base Lodge from 4:30 p.m. to 5:45 p.m.  You must be 10 years of age, or older, and you must be an intermediate, or advanced skier who is comfortable skiing in the dark on a race course. 

Plan on coming out and getting ready to bring in the New Year – Tahoe style at the Tahoe Donner Torchlight Parade in Truckee, California!     

Thinking about having your own place here in Tahoe?  It’s never been a better time to buy a vacation-resort second home, or condo here in the Truckee – Tahoe City area.  If you’d like to know what is for sale in the different neighborhoods, click on the links below and you can see and search what is currently available.

Tahoe Donner, Truckee, California

Truckee, California

Northstar, Truckee, California

Squaw Valley, Olympic Valley, California

Alpine Meadows, California

Tahoe City, California 

Dollar Point, Tahoe City, California

Carnelian Bay, California

Agate Bay, California

Homewood, California

Chamberlands (Chambers Landing), Homewood, California

Tahoma, California

Meeks Bay and Rubicon Bay, California

Tahoe Vista, California

Kings Beach, California

Lake Tahoe, California Lakefronts

North Shore, Lake Tahoe, California

West Shore, Lake Tahoe, California

For all of your Tahoe real estate needs – Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist,  DRE# 01473598,  530.414.1260, www.TahoeLauraLuxuryHomes.com     Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.

Originally posted at:  http://tahoelauraallenluxuryhomes.com/post/2668676/tahoe-donner-torchlight-parade-truckee-california-december-31-2011

5 Tahoe Short Sale Buyer Tips for the Vacation-Resort Second Home and Condo Market

5 Tahoe Short Sale Buyer Tips for the Vacation-Resort Second Home and Condo Market

5 Tahoe Short Sale Buyer Tips for the Vacation-Resort Second Home and Condo Market

It’s that time of year and buyers are once again getting serious about getting a vacation-resort second home, or condominium in Lake Tahoe, California.  Interest rates have never been lower, and prices in the area have really corrected from the peak of the market a few years ago.  Mountain homes, including lakefront properties have dropped by 40% since 2007, and condos depending on the complex have dropped 50% or more. 

By now, everyone seems to know at least one person that has either purchased a REO (Real Estate Owned – bank foreclosure), or short sale.  Everyone has their tips and suggestions on how to be successful in getting a deal. If you’re thinking about buying a Tahoe resort-vacation second home, or condo and you’re considering buying a short sale in our area, here are 5 Tahoe Short Sale Buyer Tips for vacation-resort second homes and condos for 2012.

Short Sale Buyer Tip #1 –  Listing Status:  In the Tahoe Sierra Multiple Listing Service (TSMLS) our short sales can be shown as “Active”, or “Active-Contingent” when searching for properties currently offered for sale.  “Active” means no offer has been accepted.  “Active-Contingent” means the short sale listing is still being offered for sale, and is considered active, but the Seller has already accepted another Buyers’ offer. Buyers need to focus on just the “Active Listings” for sale, not the “Active-Contingent” listings. 

Short Sale Buyer Tip #2 –  “Active-Contingent” Distraction:  Buyers look for homes on-line, and they can easily be distracted by the “Active-Contingent” listings – the one that got away syndrome.  While it is believed that 50% of all first offers accepted on a short-sale will be canceled, that number will continue to drop as agents and the lenders become better at the short-sale process.  Hoping for a cancellation on an “Active-Contingent” listing is big distraction that can cause a Buyer to miss a new short-sale opportunity.

Short Sale Buyer Tip #3 –  Short-Sale Situation:  Not all Tahoe short-sales are equal.  Our vacation-resort second home market means not everyone will qualify for a short sale.  Learning what the short-sale situation is on each Tahoe property can make a big difference on the over-all success of the transaction.  A few questions to ask your Tahoe REALTOR® are as follows:

Is the property a primary residence, or second home?

What is the hardship?

Is this a strategic default – short sale?  Has the seller approached the lender?  Has the lender approached the seller?  Why does the listing agent believe they can close this second home short-sale?

How many short-sales has the listing agent closed in Tahoe?  Tahoe is a small community of agents, and a good REALTOR® will know what type of track record the listing agent has with short-sales.

How many loans, or liens are against the property?  The more loans, and liens to clear, the harder it will be to close the transaction.  Knowing as much information about what is owed, and who is it owed to can really impact the success of the short-sale and the ability to close it. 

Short Sale Buyer Tip #4 –  Who is negotiating for the Seller:  Not all listing agents do the negotiating for the seller.  Some hire a third party negotiator, and others share the listing with another REALTOR® who has extensive short sale experience and staff.  Knowing who is doing the negotiating and will be working with the lender to get them to agree to the short-sale is very important to know. Inexperience can be a fatal error in the short-sale process for both the buyer and seller.

Short Sale Buyer Tip #5 –  No Repairs:   When buying a short-sale property what you see is, is what you get.  Don’t expect to negotiate for home repairs with the Seller, or lender after you are in escrow.  There are always exceptions, but don’t count on it.   

These quick 5 Tahoe short sale Buyer tips for vacation-resort second homes and condos for 2012 should help you in your search for the perfect Tahoe vacation property.  For more Tahoe buyer short sale Buyer tips and information visit my website, or give me a call.

If you’re thinking about getting a Tahoe Lakefront, Mountain Home, or Cabin on the West Shore, you can search for real estate here.

Thinking about buying a West Shore, Lake Tahoe lakefront, mountain home, or cabin?

Search by West Shore neighborhoods here:

Tahoe Sierra Estates, Tahoe City, California.

Tahoe Park Membership Homes (Tahoe Park, Lake Tahoe Park, Tahoe Woods and Talmont), Tahoe City, California

Lake Tahoe Park “Tahoe Park”, California

Tahoe Woods, California

Talmont, California

Pineland, Tahoe City, California

Skyland, Homewood, California

Tahoe Pines, Homewood, California

Tahoe Swiss Village, Homewood, California

Homewood, California

McKinney Shores, California

Chamberslands (Chambers Landing), California

Tahoma, California

Meeks Bay, California

Rubicon Bay, California

Meeks Bay / Rubicon Bay, California

West Shore Lakefronts and Split Lakefronts

For all of your Tahoe real estate needs – Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist,  DRE# 01473598,  530.414.1260, www.TahoeLauraLuxuryHomes.comLaura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.

Originally posted at: http://tahoelauraallenluxuryhomes.com/post/2667068/5-tahoe-short-sale-buyer-tips-for-the-vacation-resort-second-home-and-condo-market

Experience the Torchlight Parade at Squaw Valley, California, December 2011

Experience the Torchlight Parade at Squaw Valley, California, December 2011

Happy Holidays!

Happy Holidays Everyone! This year we went to the Torchlight Parade at Squaw Valley, California.  It was really cold last night, but this beautiful local holiday tradition was well worth being outside.  We really had a great time.  The parade started at 6 pm and lasted about 10 minutes.  Check out this mini-version of Torchlight Parade.

 

Thinking about buying your own Squaw Valley Mountain home, or ski cabin? Click Here.

Want to know what Squaw Valley Condominiums are for sale? Click Here.

For all of your Tahoe real estate needs – Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist,  DRE# 01473598,  530.414.1260, www.TahoeLauraLuxuryHomes.comLaura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.

Originally posted at:  http://tahoelauraallenluxuryhomes.com/post/2665005/experience-the-torchlight-parade-at-squaw-valley-california-december-2011

Santa made a grand entrance at the Sledding with Santa Event at Granlibakken Ski Resort, Tahoe City, California

Santa made a grand entrance at the Sledding with Santa Event at Granlibakken Ski Resort, Tahoe City, California

Happy Holidays, Everyone!  Since Thanksgiving I’ve had the opportunity to get out and be a part of some great holiday events here in the greater Lake TahoeTruckee, California area.  It’s been a lot of fun for me to share information about the different upcoming events, and then follow-up with some photos and videos after they were over. 

I was at the Sledding with Santa event at Granlibakken Ski Hill in Tahoe City, on December 11, 2011 when Santa made his grand parade-like entrance.  This event was put on by the Tahoe City Rotary Club, The Wholesale Resort Association, and Granlibakken Resort. 

Even though we didn’t have enough snow for sledding, it was still a great event with cookies, ice cream, and hot dogs.  They also gave out mittens, gloves, scarves, and hats.  Not to mention spending time with Santa.  There were so many volunteers that it really made this day a lot of fun.  Even the North Tahoe High School Jazz band was there to play holiday music for everyone. 

If you’ve wondered what it’s like to live in a small town, in a community that cares, take a look at the entrance Santa made here in Tahoe City.

Happy Holidays!

For all of your Tahoe real estate needs – Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist,  DRE# 01473598,    530.414.1260,   www.TahoeLauraLuxuryHomes.com    Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.

Originally Posted at:  Lake Tahoe / Truckee, California Luxury Real Estate for Sale: Santa made a grand entrance at the Sledding with Santa Event at Granlibakken Ski Resort, Tahoe City, California