Tim Lampe, Lakeshore Realty
Displaying blog entries 131-140 of 667
634 Village Incline Village Nevada
2 for 1 Special... Main house + apt. w/ bath and kitchen/living area. Majority of property has been "gutted" to drywall or studs. "Fixer or tear down" w/ over 1/2 acre, private lot. Property being sold AS-IS" subject to all buyer inspections.
This is a nice house, setting and price. I highly recommend this property in the $550K price range.
Wonderfully appointed, low elevation home on a HUGE lot with a nice peek of Lake Tahoe. Home is being sold furnished and ready for you to Move Right In!
Call Tim Lampe today for more information on this or other short sale properties in Incline or Lake Tahoe.
Have you ever checked out your home’s estimated value on Zillow.com, Trulia.com, Homes.com and many others? Have you been shocked by what one of these sites estimates as to your home’s current value? My guess is your answer is YES. And, millions of other visitors are having the same reaction. The challenge you are having as a home seller is that potential Buyers for your home are also using these websites to determine what to offer as a purchase price for your home, and most of the time the estimated values are wrong.
And, no matter if these estimated home values are correct or not, over 100 million monthly visitors are going to these sites to search for home values. None of the 100 million visitors may notice the posted disclaimers that each of these websites post which state, “Estimated home values are just that—an estimate. We urge home-price hunters to consult appraisers or real estate agents to refine the actual results.” The fact is that these disclaimers are not easy to find, AND potential home buyers are using them for their purchase negotiations.
It is estimated that somewhere between 25% to 50% of the estimated home values stated on these various websites are wrong. Homeowners are so concerned about these incorrect valuation estimates that over 25 million homeowners have contacted just Zillow.com to have the value of their home be corrected compared to Zillow.com’s estimates. Can you see why both Buyers and Sellers are confused with these online home value estimates, especially when they are shown the comparable sales that are used by appraisers to determine the actual appraised value that will be used by the mortgage companies when funding a home loan.
Our latest example of incorrect values from these websites is from one of our Incline Village Listings for $1.4 million. A Buyer visited the home during a Sunday open house. They brought a printout of the estimated home value they had secured online. It was for $782,000. They wanted to know why the home was so overpriced and if the Seller would be willing to take an offer for this estimated value. The home did sell for over the asking price, and it appraised for over $1.45 million! How can Buyers and Sellers figure out how to put together the puzzle of completing a win/win home purchase with such diverse opinions of value?
Remember, today the appraisers are the ones who determine a home’s value, not a logarithm. They typically use only the last three months of comparable sold homes in the home’s neighborhood. These are the factors that create a “confidence factor” for mortgage lenders when determining the home’s value. The current website home value models are gathering their information from tax assessors and listing data for recent sales. The problem they have not yet overcome is collection of the data because every county tracks property values in different ways. The automated models aren’t designed to account for the unique construction details that often make or break a deal, or for intangible factors like a neighborhood’s unique features.
So, if you would like to know what the true value range of your home is, contact us today and I will provide you a FREE report with all of the most current data for you to review. Until next time…Tim Lampe
Enjoy your weekends in this carefree 3 bedroom, 2 bath home close to everything. With a remodeled kitchen, custom paint colors, and a new roof, you can call it home at close of escrow! Wonderful landscaping on a third of an acre. Basically a clean well priced and located property here in Incline.
Incline Village Nevada
A whole new real estate market has evolved with better than ever real estate opportunities. My Real Estate web-site is a better way to stay well read and informed about Incline Village Real Estate today.
I would like your feedback on my real estate blog. I focus on the Incline, Northstar and Martis Camp real estate markets here in Tahoe. I post everything from ski conditions, weekly weather, national economic updates, real estate financing and the very popular "Tim Lampe Hot Sheet" with the best properties on the market today. Remember, you can sign up for my auto-email listing alert feed. This puts no frills real estate data tailored to your exact search criteria directly from the MLS data-base to your email in-basket. Many times you'll know more about what is happening in the Tahoe Market faster than other local Realtors by signing up for this service.
Take a look at my blog and feel free to chime in with feedback or questions. As always, I am here 24/7 for you.
Until next time...
Tim Lampe
New on the market: 632 Woodridge Dr. Incline Village NV
Short Sale Listing:
Wonderfully appointed, low elevation home on a HUGE lot with a nice peek of Lake Tahoe. Home is being sold furnished and ready for you to Move Right In!
This will sell fast. Call Tim for details
Nov. 10, 2011
Two storms systems are poised to affect the west coast and the Sierra this weekend, but as of now it looks as if both of them will largely miss the Tahoe Basin.
The first one is a low pressure system that is spinning off the coast of California now. This "cut off" low is untethered from the jet stream and a trough of low pressure set up in the Pacific Northwest. Thus its ultimate destination has been hard to pinpoint all week, even as forecasters knew it was lurking out there.
The latest models now show this system drifting south along the California coast before it moves inland late tonight or Friday. It might kick up some high winds around Tahoe, and bring us some cloud cover. But most of its precipitation looks destined for points south, probably as far south as Mono County. Mammoth could get some snow from this low but Tahoe is not likely to get much of anything.
The upper level trough, meanwhile, is expected to move inland by Sunday. But this one will miss us to the north and move into the Great Basin in Nevada. We might get clipped by the backside of this system, which is known as an "inside slider." And it is likely to bring some cold temperatures in its wake. But it will not bring us much snow, if any.
A couple of more waves of energy in the forecast for next week also look likely to bypass Tahoe as they slip past us to the north.
Our next chance for a real storm will be next weekend, and Thanksgiving week is also starting to look promising.
There was a great article on MSNBC.com recently regarding the bi-polar housing market in the United States. It highlighted as an example the juxtaposition of downtrodden Detroit, where homes are selling at Great Depression-era prices, and nearby Birmingham, Mich., where there are bidding wars for million-dollar homes.
It shouldn't come as a surprise, really. If your market is like most others, luxury real estate is still doing fine. Nationwide, in fact, prices of million dollar-plus homes have risen almost 1 percent in the past year, according to Zillow.
And if your market is like many others, the other end of the spectrum isn't doing so badly, either. The homes agents have long described as "affordable" are moreso than they've ever been, and there is demand for them.
Yes, despite the struggles of the housing market, the very top and very bottom seem to be doing OK right now. That the middle is struggling probably shouldn't come as a surprise.
Recently, the New York Times published an analysis of U.S. Census data that showed:
The Times also reported that more than 15 percent of Americans are now living below the poverty line, the largest percentage and number (46.2 million people) since the Bureau began tracking the statistic 52 years ago.
They say the middle class is disappearing, and -- quite literally -- it is. The rich are getting richer and the poor are getting poorer. And there are more of both of them.
Proctor & Gamble, one of the world's largest producers of household goods, has responded by taking an "hourglass" approach to its marketing. It's going to target high-end consumers -- the wealthy -- and those who purchase its low-end products -- the poor. If the middle class is shrinking, P&G figures, why aim at the shrinking target.
At first glance, that appears to be a viable strategy in real estate sales, too. Luxury real estate is selling, and low-income housing is selling. If you're in one of these niches, consider yourself one of the fortunate ones.
Tim Lampe, your Realtor by choice for 29 years!!!
701 Cristina Dr. Incline Village Nevada
This North Tahoe luxury home has a large addition and remodel w/ Lake views! Great room, gourmet kitchen open to family room, breakfast area & deck. Large living rm, dining rm, office, atrium, sauna, wine room, master suite w/ deck, guest suite & yard. Asking Price getting better!!! Call Tim for all your questions.
Hard to find a home in Tahoe this nice under $500,000. Mountain Retreat surrounded by Forest. Almost new wood trimmed, upgraded windows and an open floor plan makes this home bright and charming. Cozy woodstove and tin ceiling in kitchen with great outside deck. Call Tim for more information on this or other Incline Village Properties.
Displaying blog entries 131-140 of 667
