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Saro, Home Buyer in

Is Winter a good time to buy in Tahoe ?

Asked by Saro, Sun Dec 16, 2012

Is Winter a good time to buy in Tahoe ? Things that I would consider are the amount of homes for sale, easy of inspection, transfer etc. ? Should I wait till Summer to start the hunt ?

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11
Kane Schaller’s answer
Winter is not a better or worse time to buy, but I would make sure that you are looking during the season that you plan to use it most. In other words, if you are primarily a skier, you should definitely be looking at where snow piles up, how clear the road is after a storm, how readily the driveway melts of snow, etc. These are all important factors to consider and those that we advise our clients of, but there is nothing like being able to see it for yourself. The best time to buy is when you find the home that you like. Other factors that are prevalent during winter transactions:
there are typically less homes on the market during the winter, but there are also less buyers than during the summer.
Most of the parts of the home that you would inspect are still readily accessible, during the winter. You will typically not be able to see any landscaping or the exterior foundation of the home, but in most construction you can see the interior of the foundation.

If you have any additional questions, please contact us at
800-660-0903 or
info@schallers.net
0 votes Thank Flag Link Mon Oct 28, 2013
Winter can be a great time to buy Real Estate in the Truckee / Lake Tahoe Area. Sellers are usually motivated to sell; they would save money on taxes, utility costs, snow removal and more. It can also be good for the buyer; better sales price, they can see how the home is effected by snow and ice (access is big deal when you live in the mountains, especially if it is a vacation home). If you need more information don't hesitate to call me anytime (530) 448-9830. Enjoy Tahoe!
0 votes Thank Flag Link Fri Oct 18, 2013
Like some of the agents already noted, the market has gone up a lot, and waiting may not be in the best interest.
However, if you need to wait until the winter there are advantages as you will truly see the property for what it is.
Winter is a lot more ominous and access and snow loads are fully disclosed, whereas you don't know that in the summer.
Slightly more activity in the summer months, but not by much.
Home inspections are slightly more restrictive.
You can sign up for the listing watch that will notify you automatically every time something in your criteria hits the market, so you can watch the market while you wait to purchase. I highly recommend it!
Click on create new user and enter you criteria:
http://www.charmingcabins.com/email-notifications/

Olja Mihic
Coldwell Banker
530 448 6633
tahoerealestate@hotmail.com
http://www.charmingcabins.com
0 votes Thank Flag Link Wed Jul 10, 2013
Yes; WINTER is the perfect time!
Oh, you missed it!!!
0 votes Thank Flag Link Fri Jun 14, 2013
With the average sales price in this area up 10% - 12% YTD it may be wiser to get in sooner than later. Buying in summer there will be more inventory but also more buyer competition. Exterior inspections in winter may not be as complete. Advantages of winter shopping is sun exposure and winter access are easily noted - very important when buying in snow country. You can still determine this in the summer with a compass and noting which way the driveway faces, how the snow sheds off the roof, etc...

Having an agent who points these things out is critical.

David Wright
Boice O'Neal Realty
td@tahoedavid.com
530-412-1241
DRE# 01068250
0 votes Thank Flag Link Fri Jun 14, 2013
Thank you for a great question! If you were to look at the amount of listings for sale during the winter months versus the amount of listings during the summer months, you would easily see that we have more listings in the summer in most of our markets except for some of the ski areas. I believe this is due a combination of people leasing their homes for the ski season and many residents don't want to move during the winter months. It can prove difficult to time a move during the snowy months. If we look at the sales within our MLS, the bulk of our sales typically happen from May-September, with the exception of homes right in the ski areas. So many sellers attempt to sell during these high sale volume months. Prices can be higher in the beginning of summer, but you have more inventory to choose from. Prices and inventory drop as we move into fall. Sometimes you can get a good buy in the winter when someone just needs to sell then. Also, during the winter months, it can become a little bit more of a "buyer beware" scenario because of accumulated snow at ones home. A home inspector cannot see the part of the house near the ground so potential rot or damage can be hidden.

So with all this being said, I think winter is a great time to get a feel for the areas you are interested in, get your thumb on the pulse of the market so when something comes up that you know is a great deal, you are ready to jump on it. Lastly, it would be very prudent for you to start the leg work with getting yourself pre-qualified for one of today's incredibly low rates. A seller would normally take an offer from a pre-qualified buyer because they have already been to the bank and know they can get a loan. By accepting an offer from someone who is not pre-qualified, the seller does not know if they can even obtain a loan.

Please let us know if we can be of service. We are always here to help and our goal is always to exceed your expectations.

Luca Adriani
530-583-1354
0 votes Thank Flag Link Thu Feb 28, 2013
Winter can be a great time to start looking for property in the Tahoe region as most sellers are motivated if they still have their properties listed on the market during the winter months. You will also be able to see first hand how a given home handles the elements which is very important in the Tahoe area. A driveway that doesn't seem very steep in the summer months can be treacherous during the winter and you will also be able to see where snow sheds and is stored, you can see the sun orientation on a given property, and you can get a better overal sense of a property that is more difficult to attain during the warm summer months.

I feel that if you are considering purchasing a Tahoe home, now is a great time to start shopping as interest rates are amazing and there are great deals to be had. If we start looking at properties now we can figure out your likes and dislikes and get you in your dream home when the timing is right. Inventory is fairly tight in the winter but when the right property pops up you will be educated and ready to make a purchase decision.

Please feel free to call or email me with any questions as I would be happy to help you out in any way possible.

Best regards, Dave

Dave Westall, Realtor
Tahoe Riverfront Realty, Inc.
530-448-9882
David@WestallRealEstate.com
CA DRE# 01796995
0 votes Thank Flag Link Mon Dec 17, 2012
It's a great time to look at property, especially to be able to see how the snow builds up on certain areas, how it sheds off a roof, what areas get good sun and the importance of a good driveway! I would start looking now based on interest rates and to get a better feel for the area. That way when the right property comes up at the right price you are ready to go. Inventory is a little low right now and homes that are priced right are selling quickly. Prices could start going up if inventory remains low.

Jeremy Schneir
Broker associate
Coldwell Banker
http://www.truckeesales.com
0 votes Thank Flag Link Mon Dec 17, 2012
While the inventory may be less at this time of year, chances are that sellers are motivated.
Seeing a home in winter gives you a true picture of what you will experience in the winter.
It is good to see how access to the property is, how the snow sheds of the roof etc..
So, the answer to your question is yes!

Please contact the buyers specialist for our team, she will be happy to assist you.

Kris Ferre
(530 )386-0999
kris@truckeeinfo.com
0 votes Thank Flag Link Mon Dec 17, 2012
Hello:

Yes winter is a great time to buy, especially right now, as prices are down off their highs, interest rates are low, and the sellers that are on the market now are sellers who want to sell. People can be intimidated by the prospect of looking at Tahoe homes in the snow but there is a plus side to it: You can see the house at it's worst! I know that sounds crazy but there is truth to it. You can see how the snow affects access, how the streets and driveway are in the snow, etc. And also see how beautiful it is in the snow! I've shown and sold homes in total white-out blizzards before. It's fun getting out there in those conditions! Also we are seeing marked increases in sales activity in other areas of California, with homes selling fast. The market is turning faaster than exp[ected and that turn will hit here in full force soon, we are seeing multiple offers on many homes already. Waititng till summer may make you pay more. So in answer, yes, let's go do it. Give me a email back and we can start you on the path.
0 votes Thank Flag Link Sun Dec 16, 2012
I think the sooner you start looking the better. You can learn which areas you like the most and style of homes that interest you. It is a learning process by the time summer comes you will know exactly what you are looking for.
0 votes Thank Flag Link Sun Dec 16, 2012
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