Lake Tahoe, CA Real Estate Update Fall 2008

By
Real Estate Agent with RE/MAX Realty Today

 

If you haven't already bought a Lake , CA home/vacation investment there is no better time than now!

WHY? Top 10 Reasons:


1. Interest rates are still at historically low levels. Buyers are taking advantage of this & buying, which is helping stabilize the surplus of homes. What an awesome time to be a buyer!!!

2. The Conforming loan rate cut-off is now based upon 110% of the median price, setting all of El Dorado County at $580,000, thus giving buyers MORE buying power at lower rates, BUT ONLY through the end of this year unless further legislation is passed! Take advantage of this opportunity now!

3. There is no crystal ball to predict the future, but, we may be "at the bottom" of the market now. There are currently deals priced at fair market values of 3-5 years ago! There are a small handful of bank owned/foreclosed properties, but not many, in the Lake Tahoe area. Eventually, God-willing & with a successful Presidential election, real estate prices will normalize & then continue through a regular cycle.

4. For quality of life & a quality lifestyle investment, Lake Tahoe is an ideal choice for not only Northern California buyers, but any one in the World! Approximately 80% of the Lake Tahoe home owners are secondary/investment purchases.  

5. Lake Tahoe continues to advance, redevelop, grow & offer a true World-class tourist destination all while being environmentally conscientious & guided by the Tahoe Regional Planning Agency. The "new" 20 Year Plan is in the works!

6. For my job security! Kidding, actually, I always advise clients to think through how long they plan to hold a Lake Tahoe property! Timing is everything! If you intend to keep your Tahoe home for at least 2-5 years or more, NOW may an ideal time for you to buy. Historic statistics have revealed an approximate doubling in California real estate prices every 10 years for the LAST 100 years! Tahoe vacation homes are a pretty solid long-term investment.

7. Lake Tahoe is a dream come true for many investors who utilize tax-deferred exchanges! What a beautiful place to "plunk your money down" for a while! Whether you are an avid skiier, boater, hiker, biker, casino gambler or someone who just appreciates the peace & quiet of the National Forest setting Tahoe is situated in, now is an ideal time to invest!

8. Location!

9. Location!

10. Location! 

p.s., THINK SNOW!!! SKI SEASON IS ALMOST HERE!!!

www.jillsellstahoe.com

Comments (18)

Anonymous
Joe

What is the entry level price for homes in Lake Tahoe? Also, what is the average? Lowest priced lakefront?

Oct 23, 2008 01:16 PM
#1
Jese Gonzalez
The Real Estate Power Houses - El Paso, TX
The Real Estate Matchmaker

I would like to personally welcome you to the ActiveRain community!  This community has a wonderful atmosphere and you will find lots of helpful friendly people and useful information. I often find something new and interesting when I read the new blogs.   

Active Rain is an excellent networking forum with a variety of interesting characters.  Expect to learn a lot and be entertained if you have an open mind.  The opportunities to learn, earn and network are absolutely incredible here on Activerain.   

 Welcome to the RAIN I look forward to reading your blogs.

Oct 23, 2008 01:19 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Jill,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!

-Keith

Oct 23, 2008 01:23 PM
James Engel
Keller Williams Realty Beverly Hills - Beverly Hills, CA
KW Beverly Hills

I love Lake Tahoe, and the skiing season is coming,need to rent first to see what is going on before looking to buy.

Oct 23, 2008 01:29 PM
Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

Jill,

Welcome to Active Rain! Congratulations on your first blog. Check out my daily update for a quick summary of what's moving Markets, and Interest Rates.  You'll find this is a great site for sharing ideas, networking, and growing your business.  If you ever have a question about VA loans, or FHA loans I'd be happy to help!

Ron Brown

VA Loan & FHA Loan Specialist

First Mortgage Company of Washington

Oct 23, 2008 01:31 PM
Sergio Rebollo Jr.
Real Estate TeamMates - Miami, FL

Jill....Welcome to ActiveRain.  This is a great community to network with others as well a great place to learn from other's experiences and knowledge.  I've enjoyed it; I hope you enjoy it as well.  Congrats on your first post.

Oct 23, 2008 03:50 PM
LS Rogers Realty
LS Rogers Realty - Richardson, TX

Nice post. Welcome to the Rain. Becoming addicted is a good thing here. There's a support group. Enjoy! :)

Oct 23, 2008 04:32 PM
Marcy Fedalei
Keller Williams Realty - Spartanburg, SC

Great start on ActiveRain! Welcome and thank you for sharing your thoughts and ideas.

Oct 23, 2008 11:01 PM
Ron Martin
Keller Williams Realty - Spartanburg, SC
Ron Martin Team

Good morning & welcome to Active Rain, You have joined an excellent site to receive free marketing, absorb more information from others, share ideas.  Be a blogger and have fun. If you have any clients moving to the Greenville, Spartanburg, & Anderson South Carolina area we are your team. We are on all three MLS. Great blog!  Keep it up. Again Welcome!!

Oct 24, 2008 12:48 AM
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. This is a great site with lots of information.  Have fun with it and hope to see more of your blogs soon!  We have a team of four outstanding full time agents to assist your buyers and sellers in Spartanburg/Greenville, SC.  Again, welcome to AR!!

Oct 24, 2008 12:55 AM
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Jill, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, relationships etc.

Best - Sash

 PS: FREE blog traffic strategy video...Hope this will help you... http://activerain.com/blogsview/447190/New-Training-Video-Shows

Oct 24, 2008 01:35 AM
Kevin Sandridge
Signature Home Funding - Winter Haven, FL
Winter Haven Mortgage Broker

Jill, Welcome to the Rain!

Kevin Sandridge, here.  I joined the Active Rain community not too long ago myself and wanted to drop a line to share some of the good vibes and welcome wishes I have received already.

I'm very excited about this community - basically because folks seem so willing to help out, provide industry insight, and share their good news and experiences!

A few things: 

One:  Be sure to include a good amount of information on your profile page.  Check out the profiles on other Realtor's sites here on Active Rain who are listed as "Featured" or "Tops" in their area (look for high point totals).  You'll find that this will seriously boost your presence on ActiveRain - via the added points. 

Two: I urge you to keep blogging on this site!  You will be AMAZED at the awesome feedback you receive very soon after they hit the network!  I use Google Reader to subscribe to blogs that provide me with ideas about what I'd like to comment on - both industry wise and just for fun!  Check it out I am more than willing to step you through the site and to help you get a few more blog posts generated if you wish - as a way of adding some value and paying forward some good networking vibes!  :)

Three: Listings as posts are great - but be sure to add in a good number of posts about what you think and consider pertinent regarding your area of FL and the state of the real estate market there.  You'll notice that many if not all of the Featured posting bloggers here on AR do this.

Lastly, I do quite a lot of work via social networks, email campaigns, and relationship building.  If I can ever be of any assistance, don't hesitate to ask.


Looking forward to what you'll share with us all here on Active Rain!  :)

Blessings,

Kevin Sandridge

Winter Haven, FL

Oct 24, 2008 01:38 AM
Ginger Ryals
Prudential C Dan Joyner and Young Realtors - Spartanburg, SC

Welcome to Active Rain!! This is a great site to network and share ideas!! Have fun with it!!

Oct 24, 2008 02:51 AM
Steve Vennemann-Hennepin-Dakota-Anoka contract for deed property-Ramsey-MN
BoardWalk Premier Realty INC - White Bear Lake, MN

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On behalf Http://www.mnlakeplace.com  we are happy you became a member of action rain and we wanted to welcome you to http://www.actionrain.com . It is a very good site to learn and network and meet a lot of real estate agents/brokers and mortgage consultants.

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Oct 24, 2008 09:21 AM
Lorena Westervelt
Van West Realty - Greenville, SC
Co-Founder/Co-Owner

Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!

Oct 24, 2008 09:49 AM
Nance Burdette
Keller Williams Realty Partners - Spartanburg, SC

Welcome and congrats on signing as a new member of ActiveRain. Being a new member myself and entering into my second month, I truly see the awsome advantage that blogging can be; (and it's fun). Seems to be the beginning of a healthy and wealthy relationship of abundant professionals. Everyone has been so very kind. And so much to read!!! Hope to see your blogs in the future.   Best of Luck,  Nance

Oct 24, 2008 02:05 PM
Bill Kennedy
Keller Williams Realty - Greenville, SC
Homes For Sale Greenville SC

Welcome to Active Rain! This is a great website for building your business, as well as learning from others.  Pat yourself on the back, because you made a GREAT choice in joining the blogosphere!

Write often, and write whatever comes to mind.  Blogs about personal topics and non-real estate items are often the best.  It helps your readers to bond with you, and ends up bringing you a lot of business!

Good luck with your future blogging.  If you'd like more info on points in Active Rain, I wrote a blog about it (click here). Feel free to ask me any questions if you need a hand!

Oct 24, 2008 03:10 PM
Benjamin Clark
Homebuyer Representation, Inc. - Salt Lake City, UT
Buyer's Agent - Certified Negotiation Expert

Welcome to Active Rain! For some tips on how to get started here, check out my blog entry at ActiveRain Fast-Start Tips for Quick and Easy Points. If you have any questions, just ask! Happy blogging and good luck!

Nov 01, 2008 04:03 PM