Tahoe Vista Homes for Sale Market Report – Year End 2012

Tahoe Vista Homes for Sale Market Report – Year End 2012

It’s that time of year to review how the Tahoe Vista, California real estate market has performed.  Here is the Tahoe Vista, California homes for sale Year End 2012 Market Report.

Tahoe Vista Sold Market Report – Year End 2012:

Sold Sales: Tahoe Vista area had 28 single family homes sold in 2012, which is a 40% increase in volume over the number of homes sold in 2011.

Tahoe Vista single family home sales price declined -19% with an average median homes sales price of $327,500. 

Most of the price decline occurred earlier in the year when the Tahoe Vista community had a number of short sales and REO/Bank Foreclosure properties on the market. It’s important to note that 11 of the 12, or 92% of the distressed home sales that closed in 2012 in Tahoe Vista area, were listed prior to April 8, 2012.  The current absence of any distressed sellers in the Tahoe Vista market is good news for sellers and price stabilization that should occur in 2013.

The median average days on market was 111 DOM.

Tahoe Vista Homes for Sale Market Report – Year End 2012

Cash Sale Transactions: The number of cash sale transactions for the Tahoe Vista area has increased to 36%, which is just slightly above the Tahoe- Truckee Regional average of 34%, or 1 out of every 3 home sold in Tahoe Vista area was a cash buyer.

Absorption Rate: The current absorption rate for the Tahoe Vista area is at 3.5 months, which indicates a Sellers’ market as of 02/09/2013.

Distress Sales: 
Distress sellers (bank foreclosures- Real Estate Owned (REO’s) and short sales) increased to  43% of all homes sold in 2012, which is a primary reason for the continued price decline in the Tahoe Vista market.  With the absence of short sales and REO/Bank Foreclosures no longer dominating the Tahoe Vista market, we can expect prices to stabilize and move up.

Active Homes for Sale: There are only seven (7) Active– available homes for sale in the Tahoe Vista area as of 02/09/2013. They ranged in price from $375,000 to $4,250,000, with an average median asking sales price of $998,000.

The current inventory levels for the Tahoe Vista area are extremely limited.  Of the seven (7) homes offered for sale, there are none (Zero – 0) short sales, and no (Zero – 0) REO (Bank Foreclosure) listings, – 0% of the current listings are distressed, which is a clear sign that the Tahoe Vista market has stabilized and is turning around.

Pending Home Sales: There are five (5) pending home sales in the Tahoe Vista area and they range from $339,000 to $799,000. There are three (3) is a short sales, and no (Zero -0) REO/Bank Foreclosures.

For more detailed Tahoe Vista, California real estate housing sales data check out my website which has a table summarizing past market sales data information for 2012, 2011, 2010, 2009, 2008, 2007 and 2006.

If you’d like more information on the Tahoe Vista area, or would like to know what your Tahoe Vista area home, cabin, or lakefront property may be worth, call Laura Allen at 530.414.1260.

Tahoe Vista Homes for Sale Market Report – Year End 2012More about Tahoe Vista, California:

The Tahoe Vista community is located in two areas, directly off Highway 28 between Agate Bay and downtown Kings Beach, or in Upper Tahoe Vista, which is accessed off Highway 267 on the way to Kings Beach, California.

The Tahoe Vista area has some neighborhoods that are walking distance to the public beaches, or are located in an area that is more remote and has a wonderful mountain setting and is just a short drive to the Northstar Ski Resort area.  Many homes in the Tahoe Vista area provide nice views of Lake Tahoe.

Tahoe Vista has wonderful, ocean beach type sand, and the beaches are a beautiful sandy white.  The water is more shallow in this area of Lake Tahoe allowing swimmers to wade out and enjoy being in Lake Tahoe. Several well-known public beaches in the Tahoe Vista area are Sandy Beach, Tahoe Vista Recreational Center, and Moons Dune Beach.

Tahoe Vista is easily accessed all year-long and is a nice mix of full-time residents and second home owners.  Some of the more well-known neighborhoods in the Tahoe Vista, California area are:

Kingswood West

Tahoe Estates

Tahoe Vista

Tahoe Marina

Ready to build?  Check out the Tahoe Vista Lots and Vacant Land for Sale Here.

If you’re looking for sandy white beaches and being close to Northstar, and all that Lake Tahoe and the North Shore have to offer, check out the Tahoe Vista community in North Lake Tahoe!

Tahoe Vista Homes for Sale Market Report – Year End 2012

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

Tahoe Vista Homes for Sale Market Report – Year End 2012

©Laura Allen | 530.414.1260 | www.TahoeLauraLuxuryHomes.com

Tahoe Mountain Cabin for Sale in Tahoma, California

Tahoe Mountain Cabin for Sale in Tahoma, California

See our current inventory of Tahoe Mountain Cabins for sale in Tahoma, California Here.

New Tahoma, California Listing Details:Tahoe Mountain Cabin for Sale in Tahoma

  • 7082 6th Avenue, Tahoma, CA 96142
  • MLS# 20130140
  • Price:  $249,000
  • Bedrooms: 2
  • Bathrooms: 1
  • Home Size:  +/- 918 Square Feet*
  • Lot Size: +/- 0.29 (100’ x 125’)*
  • *Per El Dorado County Assessor Records.

Call Laura Allen at 530-414-1260 to see if this property is still available and to arrange for a private showing of this charming Tahoe Mountain Cabin in Tahoma, California.

You will love the lot setting that this Tahoe Mountain Cabin has to offer!

A wonderful opportunity to own a Tahoe Mountain Cabin in Tahoma, California!  Located on the beautiful West Shore of Lake Tahoe, this charming cabin has a wonderful setting with a larger lot (100’ x 125’) +/- 0/29 acres and majestic pine trees.

This home offers a separate living room area with a stone fireplace that is creates a great gathering place.  You’ll find the old Tahoe kitchen rustic, charming, and with a warmth that will bring you back in time. If you’ve been waiting for the right Tahoma cabin to come along, this is your chance to make your dreams of home ownership in the Tahoe area a reality!

Charming Tahoe Mountain Cabin Kitchen

Tahoe Mountain Cabin for Sale in Tahoma

If kicking back and enjoying the Tahoe lifestyle is something you’ve been dreaming of, imagine having your morning coffee, orange juice, or an afternoon beverage in this charming Tahoe Mountain Cabin.  There is plenty of space up here to cook and dine in.  When you’re done in your mountain kitchen you can relax in the separate living room area that has its own stone fireplace and enjoy the ambience of mountain living.

Click here to see additional photographs of this Tahoma Cabin

Tahoma, California

Looking to buy real estate in Lake Tahoe?  Consider buying a home in Tahoma, California.  Tahoma is one of the more affordable areas on the West Shore of Lake Tahoe with a nice selection of mountain homes, ski cabins, cottages, and lakefront properties for sale.

The Tahoma community is located approximately 9 miles south of Tahoe City and is one of the older, more established neighborhoods in West Lake Tahoe.

Tahoma is located next to the Ed Z’berg Sugar Pine Point State Park, which is the site of the Hellman-Ehrman mansion, which was completed in 1903, and home to the 1960 Winter Olympics Nordic Ski events, where part of the historic cross country Nordic ski routes are still in place.

Tahoma is close to other well-known historic local landmarks like the Chambers Landing Bar and Pier, which was established in the late 1800’s and is a summer-time favorite for everyone to visit.  Tahoma is also just a few miles from Homewood Ski Resort, where skiers enjoy panoramic views of Lake Tahoe.

Tahoma’s close proximity to Lake Tahoe recreational activities such as boating, hiking, biking (dirt and paved trails), tennis, golf, skiing, shopping, and restaurants makes this a great area for those that enjoy being outdoors, and getting away from it all.

Tahoma is a wonderful place to enjoy the Tahoe lifestyle!

Find other West Lake Tahoe and Tahoma mountain cabins in the area here.

Get Tahoma, California Homes for Sale Current and Past Real Estate Market Data – Market Report Here.

If you’re ready to buy, I can help you find the right Tahoe Mountain Cabin for Sale in Tahoma too!

For all of your Tahoe real estate needs – Laura Allen, 530.414.1260, Broker Associate, Tahoe Real Estate Agent, REALTOR®, CRS,   Laura@TahoeLaura.com  DRE# 01473598 www.TahoeLauraLuxuryHomes.com

Coldwell Banker Residential Brokerage, Tahoe City, California.

Tahoe Mountain Cabin for Sale in Tahoma

Tahoma Homes for Sale Market Report – Year End 2012

Tahoma Homes for Sale Market Report – Year End 2012

It’s that time of year to review how the Tahoma, California real estate market has performed.  Here is the Tahoma, California homes for sale Year End 2012 Market Report.

Tahoma Sold Market Report – Year End 2012:

Sold Sales: Tahoma had 36 single family homes sold in 2012, which is almost the same number of homes sold in 2011.

Tahoma single family home sales price declined -26% with an average median homes sales price of $259,750.  Tahoma Homes for Sale Market Report – Year End 2012

Most of the price decline occurred earlier in the year when the community had a number of short sales and REO/Bank Foreclosure properties on the market. It’s important to note that 16 of the 19 distressed home sales that closed in 2012 in Tahoma, were listed prior to May 15, 2012.  The current reduction in distressed sellers is good news for sellers and price stabilization should occur in 2013.

The median average days on market was 80 DOM.

Cash Sale Transactions: The number of cash sale transactions for the Tahoma area has decreased to 28%, which is well below the Tahoe- Truckee Regional average of 34%, or 1 out of every 4 home sold in Tahoma area was a cash buyer.

Absorption Rate: The current absorption rate for the Tahoma area is at 5.5 months, which indicates a Balanced market as of 01/19/2013.

Distress Sales: 
Distress sellers (bank foreclosures- real estate owned (REO’s) and short sales) increased to  56% of all homes sold in 2012, which is a primary reason for the continued price decline in the Tahoma market.  With the absence of short sales and REO/Bank Foreclosures no longer dominating the Tahoma market, we can expect prices to stabilize and move up.

Active Homes for Sale: There are only 11 Active– available homes for sale in the Tahoma area as of 01/19/2013. They ranged in price from $169,900 to $699,000, with an average median asking sales price of $399,907.

The inventory levels for the Tahoma area are extremely limited.  Of the 11 homes offered for none (Zero – 0) short sales, and no (Zero – 0) REO (Bank Foreclosure) listings, – 0% of the current listings are distressed, which is a clear sign that the Tahoma market has stabilized and is turning around.

Pending Home Sales: There are five (5) pending home sales in the Tahoma area and they range from $165,000 to $459,500. There is one (1) is a short sale, and no (Zero -0) REO/Bank Foreclosures.

For more detailed Tahoma, California real estate housing sales data check out my website which has a table summarizing past market sales data information for 2012, 2011, 2010, 2009, 2008, 2007 and 2006.

If you’d like more information on the Tahoma area, or would like to know what your Tahoma area home, cabin, or lakefront home may be worth, call Laura Allen at 530.414.1260.

More about Tahoma, California:Tahoma Homes for Sale Market Report – Year End 2012

The Tahoma community is located approximately nine (9) miles south of downtown Tahoe City on the West Shore of Lake Tahoe, California between the communities of Meeks Bay and Homewood, California.  Tahoma is located next to the Sugar Pine Point State Park, which is a wonderful year-around area to visit.

The Tahoma area is one of the more developed neighborhoods and offers some of the most affordable homes on West Lake Tahoe.  Tahoma is easily accessed all year-long and is a nice mix of full-time residents and second home owners.  Some of the more well-known neighborhoods in the Tahoma, California area are:

If you’re looking to get away from it all and want a wonderful Lake Tahoe experience, check out the Tahoma community on the West Shore of Lake Tahoe.

Tahoma Homes for Sale Market Report – Year End 2012

Tahoma Homes for Sale
Tahoma, CA Lakefront Properties for Sale
New Construction Homes for Sale in Tahoma, CA
Tahoma, CA Lots and Land for Sale
Tahoma, CA Homes for sale under $300,000
Tahoma Homes for Sale $300,000 to $500,000 in price
Tahoma, CA Homes for sale $500,000 to $1 million in price
Tahoma, CA Luxury Homes for sale $1 million to $20 million
West Shore Lakefront Homes for Sale
West Shore Lake Tahoe Homes and Cabins for Sale

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

Tahoma Homes for Sale Market Report – Year End 2012

Homewood Homes for Sale Market Report – Year End 2012

Homewood Homes for Sale Market Report – Year End 2012

It’s that time of year to review how the Homewood, California real estate market has performed.  Here is the Homewood, California homes for sale Year End 2012 Market Report.

Homewood Homes Sold Market Report – Year End 2012:

Sold Sales: Homewood had 34 single family homes sold in 2012, which is a 10% increase in volume over 2011 levels.

The Homewood single family home sales price remained flat with an average median homes sales price of $495,000. The median average days on market was 114 DOM.

 

Cash Sale Transactions: The number of cash sale transactions for the Homewood area decreased to 26%, which is well below the Tahoe- Truckee Regional average of 34%, or 1 out of every 4 home sold in Homewood area was a cash buyer.

Absorption Rate: The current absorption rate is at 9 months, which indicates a Buyers’ market as of 01/15/2013.

Distress Sales:Distress sellers (bank foreclosures- real estate owned (REO’s) and short sales) has declined and dropped to 9% of all homes sold in 2012, which is a 53% improvement over 2011.
distressed levels.

Active Homes for Sale: There were 9 Active– available homes for sale in the Homewood area as of 01/15/2013. They ranged in price from $299,000 to $6.995 million, with an average median asking sales price of $1,250,000.

Of the 9 homes offered for none (Zero – 0) short sales, no (Zero – 0) REO (Bank Foreclosure) listings, but 1 listing is a court approval sale or only 11% of the current listings are distressed, which is a clear sign that the market is stabilizing.

Pending Home Sales: There are three (3) pending home sales in the Homewood area and they range from $309,950 to $550,000. There is one (1) is a short sale, and no (Zero -0) REO/Bank Foreclosures.

For more detailed Homewood, California real estate housing sales data check out my website which has a table summarizing past market sales data information for 2012, 2011, 2010, 2009, 2008, 2007 and 2006.

If you’d like more information on the Homewood area, or would like to know what your Homewood home may be worth, call Laura Allen at 530.414.1260.

More about Homewood, California:

The Homewood area is one of the older neighborhoods on the West Shore.  Chambers Landing Bar and Pier is a well-known landmark since the late 1800’s.  Obexer’s Marina was established in 1911 and is another familiar landmark in the area.  Homewood is also home to the Homewood Ski Resort, where skiers enjoy panoramic views of Lake Tahoe as they ski.

The Homewood area is a mix of smaller, classic old Tahoe cabins to luxurious lakefront estates.  Some of the more well-known neighborhoods in the Homewood, California, area are:

Skyland

Tahoe Pines

Tahoe Swiss Village

Lakeside

McKinney Shores

Chamberland (Chambers Landing area)

What is interesting about the Homewood area is almost all of the neighborhoods in the Homewood area have, or offer a local homeowners association giving property owners access to a Lake Tahoe beach area.  Some HOA groups also offer access to a shared pier, buoy rental options, pool, and tennis courts depending on the association and their amenities.

Centrally located between Tahoe City and Tahoma on the West Shore of Lake Tahoe, the Homewood community is close to public beaches, hiking trails, golf courses, skiing, restaurants, and shopping.

Homewood Homes for Sale Market Report – Year End 2012

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

Homewood Homes for Sale Market Report – Year End 2012

Tahoe City Homes for Sale Market Report – Year End 2012

Tahoe City Homes for Sale Market Report – Year End 2012

It’s that time of year to review how the Tahoe City real estate market has performed.  Here is the Tahoe City homes for sale Year End 2012 Market Report.

Tahoe City Homes Sold Market Report – Year End 2012:

Sold Sales:  Tahoe City had 106 single family homes sold in 2012, which is a 66% increase in volume over 2011 levels.

The Tahoe City single family home sales price increased by +3% to an average median homes sales price of $572,000. 

The median average days on market was 116 DOM.

Tahoe City Homes for Sale Market Report – Year End 2012

Cash Sale Transactions:  The number of cash sale transactions for the Tahoe City area increased to 39%, which is just above the Tahoe- Truckee Regional average of 34%, or 1 out of every 3 home sales has been a cash buyer.

Absorption Rate The current absorption rate is at 3 months, which indicates a Sellers’ market as of 01/02/2013.

Distress Sales: Distress sellers (bank foreclosures- real estate owned (REO’s) and short sales) has declined and dropped to 28% of all homes sold in 2012, which is an improvement over 2011 distressed levels.

Active Homes for Sale:  There were 30 Active – available homes for sale in the Tahoe City area as of 01/02/2013, which is.  They ranged in price from $315,000 to $16.8 million, with an average median asking sales price of $799,000.  Of the 30 homes offered for sale there are three (3) short sales, no (Zero) REO (Bank Foreclosure) listings, which is a clear sign that the market is stabilizing.

Pending Home Sales:  There are nine (9) pending home sales in Tahoe City and they range from $249,000 to $7,950,000.  Only one (1) is a short sale.

For more detailed Tahoe City real estate housing sales data check out my website which has a table summarizing past market sales information for 2012, 2011, 2010, 2009, 2008, 2007 and 2006.

If you’d like more information on the Tahoe City area, or would like to know what your Tahoe City home may be worth, call Laura Allen at 530.414.1260.

More about Tahoe City:

The Tahoe City area is known for its charming Alpine Mountain Village setting located near all of the recreational activities Lake Tahoe and the local ski resorts offer.

Tahoe City Homes for Sale Market Report – Year End 2012The Tahoe City community is located at the junction of California Highways 28 and Highway 89 South and stretches out 3 miles in both directions on the North Shore and West Shore.

Tahoe City is not an incorporated area and has a full time population of just over 1,500 people.

The Tahoe City downtown area has public beaches, recreational facilities, a nine-hole golf course, tennis courts, cross-county ski area, restaurants, shops, and other commercial services to make being in Lake Tahoe enjoyable. The Tahoe City area is also very close to Alpine Meadows, Squaw Valley, and Homewood Ski Resorts offering a diverse selection of places to ski.

The Tahoe City community is a very popular area and is easy to get to on a year-around basis. It is also a popular vacation rental location for summer and winter rentals.

Tahoe City Homes for Sale Market Report – Year End 2012

Tahoe City Homes for Sale

Condos for sale in Tahoe City, California 96145

Lakefront Homes for Sale in Tahoe City, California 96145

Lake Tahoe Homes for Sale

Lake Tahoe, California Condos for Sale

Waterfront Homes for Sale - Lake Tahoe, California

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

Tahoe City Homes for Sale Market Report – Year End 2012

Alpine Meadows Homes for Sale and Market Report

Alpine Meadows Homes for Sale and Market Report

Alpine Meadows, CaliforniaAlpine Meadows, California is a small, low-key, ski resort community that is just south of Squaw Valley, home of the 1960 Winter Olympics, and just a few miles north-west of Tahoe City, California and Lake Tahoe.

Alpine Meadows is known for its beautiful mountain setting and small-town resort feel.  Serious skiers love the challenge of the mountain and excellent snow conditions.

Alpine Meadows is known for its great winter skiing, but Alpine Meadows property owners also have access to the Alpine Springs Community Park which provides great summer activities such as a swimming pond and beach area, BBQ area, tennis courts, and volleyball court area.

Alpine Meadows is a wonderful area to own a vacation-resort second home because it gives provides owners some distance from commercial developments, yet it is close enough to still enjoy all that Squaw Valley, Tahoe City, and Lake Tahoe have to offer.

Alpine Meadows Homes Sold Market Report:

Alpine Meadows has had 19 single family homes sales for 2012.  Alpine Meadows single family home sales prices have increased by +17.7% to an average median homes sales price of $565,000.

Alpine Meadows Homes for Sale and Market Report

Cash sale transactions for the Alpine Meadows home market have decreased to 32%, which is close to the Tahoe-Regional average of 34%, or 1 out of every 3 home sales.

The current absorption rate is at 3.5 months, which indicates a Sellers’ market.

Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) have improved and now only account for 5% of all homes sold in 2012, which is an improvement over 2011, and 2010 distressed levels.

There were 7 Active – available homes for sale in the Alpine Meadows area as of 11/29/2012.  They ranged in price from $350,000 to $1,929,000.  Of the 7 homes offered for sale there is one (1) short sale, no REO listings, which may be a sign that the market is stabilizing.

There is one (1) pending sale in this exclusive ski area and it is listed at $490,000.

Alpine Meadows, CA 96146 Real Estate Market Report Summary

Sold Single Family Homes

 Year  Homes
Sold
Median Average
Sales
Price
Lowest
PriceSold
Highest
Price
Sold
 %
Cash
Transactions
Absorption
Rate
< 5 months Sellers Mkt5-7 months balanced>7 months Buyers’ Mkt
DistressedSales Breakdown
of distressedSales
2012 19 $565,000 $100,000 $950,000 32% 3.5   monthsSellers’   Market 5% 0   REO’s1
Short Sale
2011 19 $480,000 $260,000 $1,200,000 42% NA 16% 1   REO’s2
Short Sales
2010 19 $590,000 $390,000 $1,210,000 31% NA 21% 1   REO’s3
Short Sale
2009 18 $664,000 $435,000 $1,425,000 17% NA 0% 0   REO’s0
Short Sale
2008 13 $890,000 $628,000 $1,885,000 23% NA 0% 0   REO’s0
Short Sale
2007 12 $757,500 $485,000 $1,931,000 33% NA 0% 0   REO’s0
Short Sale
2006 12 $865,000 $625,000 $1,600,000 0% NA 0% 0   REO’s0
Short Sale

*YTD period is 01/01/2012– 11/29/2012.  Data Source:  Tahoe Sierra Multiple Listing Service.

Use caution when only a handful of sales are available in a neighborhood.  The market changes can be significant.

If you’d like more information on the Alpine Meadows area, or would like to know what your Alpine Meadows home may be worth, call Laura Allen at 530.414.1260

Alpine Meadows Homes for Sale and Market Report

Tahoe City Homes for Sale

Lake Tahoe Homes for Sale

Lake Tahoe, California Condos for Sale

Lakefront Homes for Sale - Lake Tahoe, California

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Alpine Meadows Homes for Sale

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

Alpine Meadows Homes for Sale and Market Report

Tahoe Second Home Loan Information

Tahoe Second Home Loan Information

Tahoe Second Home Loan InformationDid you know that the mortgage loan limits for the Tahoe area are not the same as in the Bay area, or other parts of California?  As part of the Tahoe second home buying process we will cover a number of topics, and check-list items.  One of those check-list items will be how you will pay for your Tahoe property.

If you are a cash buyer, I will let you know what documents you will need to either present with your offer, or once in escrow.

If you are getting a loan to purchase your Tahoe second home I will ask you if you’ve spoken to your lender recently and if you are pre-approved.

Recently, I’ve had several Tahoe second home buyers, who were pre-approved with their local lender find out that they had not been given the correct loan program information.

As a result, the Tahoe second home buyer was put in the position of having to either increase their down payment significantly, or cancel their purchase because they didn’t qualify for the correct loan program they would now need in order to purchase their Tahoe second home.

Here is what you can do to avoid having a last minute lender problem for your Tahoe second home purchase:

Tahoe Second Home Loan Buyer Tips:

  • Tahoe Second Home Location:  Make sure your lender knows what county you’ll be buying your second home in.  Most common California counties in the greater Lake Tahoe area are:
  • El Dorado
  • Placer
  • Nevada
  • Conforming Loan Limits:  For general planning purposes, as of October 1, 2011, any loan amount below $417,000 in the greater Lake Tahoe, California area is going to fall into the conforming (conventional) loan range, with loans amounts above that falling into either a conforming plus loan product, or a Jumbo loan.
  • Primary Residence vs. Second Home:  Make sure your lender knows this is a Tahoe second home purchase.
  • % Down:  Confirm the percentage (%) down that is required for the purchase.  Lenders are doing jumbo loans with just 20% down, so make sure you’ve shopped around for the best program.
  • Loan % Rate:  Confirm the loan percentage (%) rate for the program you are getting.
  • Loan Funding Timeline:  Ask how long it is taking to fund a loan with that lender.  Loans may take as long as 60+ days, so ask upfront to avoid a delay in your transaction.
  • Appraisals:  Ask your lender how many appraisals will be needed for your Tahoe second home loan.  More than one appraisal is a signal that a longer escrow period will be needed to close the transaction.
  • Shop Your Loan:  The mortgage loan market is very competitive.  It often pays for a consumer to shop around and compare rates, programs, and the level of customer service they are looking for before selecting their lender.

If you don’t have a lender, and you will need one, let me know and I will put you in touch with a great lender that is doing Tahoe second home loans in our area for buyers.  I’m here to help you through the entire Tahoe second home buying process, including working with you and your lender.

If you’d like more information on buying a Tahoe Second Home, or on the Tahoe Second Loan Process, call Laura Allen at 530.414.1260.

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

Tahoe Second Home Loan Information