Using your Tahoe home as a vacation rental property is a big decision. In the Tahoe area there are two major types of vacation rentals, Airbnb short term rentals, and ski-leases. Making the decision to choose one over the other is a big one and requires sitting down, doing the research, and making a pro/con list to help guide you, and that is what we have done for you here! First the Continue Reading
Placer County’s Short-Term Rental Program
Placer County's Short-Term Rental Ordinance is intended to strike a balance of reducing neighborhood nuisances like noise and parking issues related to vacation rentals without undermining the market for this important guest accommodation. Definition of a Short-term Rental: residential units rented for 30 days or less, typically advertised as vacation rentals. All short-term rentals in eastern Continue Reading
Record Home Sales this Summer: How will the Fall Look?
This year has been a unique year for home sales with record-breaking sales throughout the month of June, July and August. It is projected that this will carry into the fall. According to the Pending Home Sales Report from the National Association of Realtors, the Pending home Sales Index (PHSI) rose 5.9% to 122.1 in July well above where the market was at this time last year. Fall Slow Continue Reading
Three Tips to Owning Your Tahoe or Truckee Vacation Home Sooner
Statistics show homeowners achieve greater long-term wealth compared to those who don't own a home. But a mortgage for 15 or 30 years can feel like an insurmountable hill to climb to finally own your home. With a bit of commitment, there are a few ways to pay your mortgage off much quicker than expected, build long-term equity, and better position yourself financially in the future. Here are 3 Continue Reading
The State of the market as of Memorial Day Weekend
I wanted to bring you some relief and insight into how this crisis may affect home values and the state of the market in the Tahoe Truckee region. What I have been hearing a lot right now is: What is the market doing? Are homes values going to drop? What will happen to the Real estate market moving forward? The Market The economic toll of the shutdowns and unemployment we are Continue Reading
Lake Tahoe Real Estate Predictions and COVID-19
The economic toll of the shutdowns and unemployment we are seeing is hard to predict. However, experts are reminding us that the economic impact will rebound with a cycle of downturn followed by economic expansion. A recent study from John Burns Consulting also notes that past pandemics have created rebounds that had minimal impact on housing prices and historically over time real estate has out Continue Reading
Why Have a Realtor When Buying a “For Sale By Owner” Property
In most cases the seller is only slightly aware of local market conditions and comparable values and has an inflated value of his home. An experienced local Realtor will have access to the local Multiple Listing Service (MLS) and give the buyer data on comparable homes that have recently sold and are currently on the market. Your Realtor will be aware of all of the state and local Continue Reading
