A New REO Lake Tahoe Home Available

A New REO Lake Tahoe Home Available

An awesome new REO Lake Tahoe home just became available. What’s even better is that it is in Montgomery Estates, one of the most highly desirable neighborhoods in the area! I just went in and previewed this a short time ago and fell in love.

It obviously needs work and looks like it was abandoned some time ago. With some sweat there could be major equity gained. It is a 3 bedroom 3 bath home listed at $439,000 right now. Want to flip it? Fixed up nicely and based on recent comparable properties I think it could sell for $580,000 to $600,000. Here’s info on it directly from the MLS:

“Situated in the well desirable Montgomery Estates neighborhood. This 3 bedroom 2 1/2 bathroom home is across the street from forest land and has partial mountain and forest views. With high vaulted ceilings, living room, kitchen, dining area and a master bedroom located upstairs. The additional two bedrooms and full bathroom along with the laundry room with access to backyard is located downstairs. The home house great potential with value.”

This place is going to go SO fast. When I was there two other groups of Realtors were in there and two more were rolling up as I was leaving!

How to Get the Most Money When Selling Your House

How to Get the Most Money When Selling Your House

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

How To Get The Most Money When Selling Your House | Simplifying The Market

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. In that way, the seller will not be fighting with a buyer over the price, but instead will have multiple buyers fighting with each other over the house.

Realtor.com, gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This too may seem counter intuitive. The seller may think they would net more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

Research posted by the Economists’ Outlook Blog revealed that:

“The median selling price for all FSBO homes was $210,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $151,900. However, homes that were sold with the assistance of an agent had a median selling price of $249,000 – nearly $40,000 more for the typical home sale.”

How To Get The Most Money When Selling Your House | Simplifying The Market

Bottom Line

Price your house at or slightly below the current market value and hire a professional (I happen to know a FANTASTIC one if you need a referral). That will guarantee you maximize the price you get for your house, and in the end everyone leaves the table happy.

Properties in Tahoe

Properties in Tahoe

1634 Skyline Drive home for sale in Tahoe

1634 Skyline – $799,888

Properties in Tahoe

Hello and good evening! Just a quick little post for everyone today! So I showed a few properties in Tahoe earlier, and I went from the higher end of the spectrum with 1634 Skyline Drive listed at $799,888.

1117 Dedi Avenue home for sale in Tahoe

1117 Dedi Avenue – $125,000

Down to a house whose value is only in the land and allocations that it currently possesses. That home was 1117 Dedi Avenue and is listed at $125,000.

Here’s the funny thing, not only did I like both of the homes (in totally different ways of course) but the people I showed the properties to were very pleased as well. One of the thing that always surprises me is that there is a buyer for virtually every single property out there. I have listed and sold properties that have almost no redeeming qualities to me at all, but someone ends up falling for them, and loving them. I think that truth has allowed me to be more open to properties that I would have previously completely ignored and perhaps even scorned. It has helped me open my eyes to more possibilities and has definitely brought me in to contact with varied and… interesting people. I love this job!

10 Reasons This Tahoe Cabin is Perfect For You

10 Reasons This Tahoe Cabin is Perfect For You

Tahoe Cabin List

  1. Priced just under $400,000!
  2. Brand new 50-year roof.
  3. Fantastic knotty alder laminate flooring throughout.
  4. Beautifully remodeled kitchen with custom cabinets, granite counter tops, and new appliances.
  5. Huge Trex deck that is also rated for a hot tub to be placed on it!
  6. Freshly installed high-end Hunter Douglas windows and coverings.
  7. Large upstairs loft area.
  8. It comes furnished!
  9. There are 600 square feet of additional coverage to use or sell.
  10. A two car garage AND a partially completed basement!

Details

Price: $395,000

Address: 1555 Oflyng Dr., South Lake Tahoe, CA 96150

Square Feet: 1304

Beds:  3

Baths: 2

Year Built: 1976

Lot Size: 20517 square feet

 

1555 Oflyng

Tahoe Chalet Information

Beautiful, updated, and cozy Tahoe mountain chalet. A large circular driveway, and massive wrap-around deck greet you as you walk up to this home which also has a brand new 50-year roof. Inside you’ll immediately be wowed by the stunning alder laminate floors, large new Hunter Douglas vinyl windows looking out on the forest, and a remote controlled gas fireplace. You can walk out to the hot-tub rated Trex deck from the remodeled kitchen which has granite counter tops and stainless steel GE appliances. On the first floor are two bedrooms, a hallway closet with your laundry, and a modernized bathroom. Up the stairs is another updated bathroom with a wonderful loft/office to the front of the home, and the master bedroom to the rear of it. The home features central heating AND air conditioning, a partially completed basement, a two car garage, it even comes furnished, and 600 sf of additional coverage to use! Take a look at this perfect Tahoe cabin, and you’ll feel like you’re coming home.

Why You Need to See This Perfect Piece of Land in Tahoe

Why You Need to See This Perfect Piece of Land in Tahoe

Huge Price Reduction!

The owner is very motivated and just dropped the price by $100,000. Huge opportunity here! Need an owner carry? Let’s talk about it!

What About This Land in Tahoe?

Sometimes life can present you with something that is a unique and wonderful opportunity. What will you do when presented with that? Perhaps you can answer that after reading about this wonderful piece of Land in Tahoe.

How does about 8500 square feet in the city sound? What if that lot also had Tallac views, was on the Trout Creek meadow, and last but not least had LAKE views and access? This perfect piece of property is almost a double lot in size and is backed by a small unbuildable private forest and meadow as it opens up to an unblocked view of all the best that Lake Tahoe has to offer. All the lots to the left of the property are unable to be developed, so the home that is built here will be truly private and exclusive. You’ll be able to walk out your back door and get to the lake in less than a minute. There is also public beach access around the corner on Lily Ave. There are no other lots like this in the area. I dare you to walk the lot and surrounding area and not fall in love with it. A TRPA land cap study and topographic survey are on file.

Details

Price: $418,888

Address: 3123 Bellevue Ave., South Lake Tahoe, CA 96150

Lot Size: 8494 square feet

Area: Al Tahoe

Cross Street: Alameda

Coverage Percentage: 30%

Coverage Footprint: 2548 square feet

Lot Dimensions: 85x90

Bellevue Lot

The Story

I first saw this lot and the others that were bought with it back in July of 2014, and I absolutely fell in love with it. I was born and raised in Tahoe and I grew up on one of the meadows in the area. That said, standing near the back of this piece of land at the edge of the meadow, surrounded by our mountain vistas fills me with a powerful sense of nostalgia. With the Lake included in this picturesque tapestry you can’t help but feel humbled by the beauty.

I have spent several hours just walking and enjoying the area around the lot. It is truly remarkable how such epic vistas can change your thoughts and feelings. Being able to wake up to that every day would be a true dream come true, and I hope that I can share that experience and love of the area with someone who will treasure it as I do.

If you have any questions at all feel free to comment, call, email, or text me at any time.