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Home Buying in South Lake Tahoe : Real Estate Advice

  • All142
  • Local Info5
  • Home Buying40
  • Home Selling3
  • Market Conditions14

Activity 36
Thu Oct 27, 2016
Drtaddc answered:
I have lived here 40 years. These Realtors are giving an overall bad impression on renters here. I have been a renter 40 years. My average stay is five years with having to move mostly because the landlord sold. The Realtors have inflated the rental market up here. Encouraging many owners to vacation rent making it absolutely impossible for the average renter to find a good spot. (60%) of home ownership are put out as vacation rentals leaving nothing for the long term renter. Yes there are very seasonal situations up here, but with proper screening a diligent owner could weed out the seasonal from the long-term resident. I am an excellent tenant. I haven't signed a lease ever in my life because I dont want to get screwed. What if I were to move into a place that had something grisley wrong with it or I had the neighbor from hell living next door. i would never want to be tied to a lease. That being said, the place I am in is up for sale. I have been here for six years. Everytime I get comfortable in a place it goes up for sale. I am on a fixed income. That doesn't mean I want to live in the ghettos of Tahoe or overpay for a shack. And because of the local Realtors advising and inflating the average price for rentals in this town, I am looking at rents that have literally doubled, while the quality of the home is in decline. There should be a limit on the price per square foot that someone can charge, and the Realtors need to remember that the average income up here is minimum wage or just above. Shame on the realtors in this town for doing this to the locals who work hard making it impossible for the average Joe to find a place that isn't the size of a motel room at outrageous prices. There are quality renters here, like me, and I have two cats and a dog. I have 40 years residency in South Lake Tahoe, and for the first time in almost half a century, I can't find a place I can afford and who will take my pets. And I have excellent credit and excellent references. This mistreatment and inflation from the Realtors, along with a City Counsel who does nothing to keep the rents down and stop the over allowance of vacation rentals should be unlawful. I pay $850 for a nice 1200 square foot duplex. I am now looking at dumpy studios for that price. I am desperately looking for a landlord who cares about the quality of the tenant rather than how much they can milk out of a person not in a position to buy. And the rental companies won't even call an owner when they have a good tenant, when that tenant has pets. My present landlords came to my house for prescreening walkthrough, but these rental agencies won't do that. Too bad because they would/could get alot of information in doing so.Win, lose or draw...the rental agencies would get more factual information if they did this. Oh and all of my landlords have handled their own rentals and all of them have lived more than 10 miles away. ... more
0 votes 11 answers Share Flag
Wed Mar 9, 2016
Derek Jones answered:
What's the address? It might have went pending already.
0 votes 1 answer Share Flag
Sun Mar 6, 2016
Christopher Lenox asked:
Mon Jul 6, 2015
Alexander Greer answered:
It is listed as having no fireplace.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes 1 answer Share Flag
Fri Jan 23, 2015
Drew Kondo answered:
Which property are you referring to? Can you provide an address or MLS number?
0 votes 1 answer Share Flag
Sat Nov 22, 2014
Monika Taboada answered:
There is no HOA for this property at 1772 High Meadow Trl. Need more information call Monika Taboada at Sierra Sotheby's Intl Realty 530 721-7274 Thank you
0 votes 2 answers Share Flag
Thu Mar 6, 2014
Alexander Greer answered:
What park? Just send me an email if you have any further questions.

Alex Greer
Loan Officer
NMLS #1056079

http://www.TheMortgageOutlet.com
408-352-5147
AGreer@TheMortgageOutlet.com ... more
0 votes 1 answer Share Flag
Mon Jan 13, 2014
Doug & Bud Zeller answered:
Talk to a couple of local experienced Realtors in the South Lake Tahoe area about these options and what properties / loans are available.
0 votes 3 answers Share Flag
Thu Oct 10, 2013
Mandy Jia answered:
Hi, Chris
The HOA Fee include garden and fire insurance fee. There are 4 units in the gate.
0 votes 2 answers Share Flag
Sun Oct 6, 2013
John Arendsen answered:
Au contraire Barbara, sometimes the best advice you'll get are from knowledgeable RE Professionals who are out of the area as they have no personal interest or stake in anything and are only trying to give you honest and forthright answers and information on topics they are knowledgable and experienced in. That's what this forum is all about. I have nothing to lose or gain by helping you as I'm not the least bit interested in trying to sell you something. ... more
1 vote 4 answers Share Flag
Thu Sep 26, 2013
Dennelle Knudson answered:
You are looking at paying about $200 to $250 per month for gas and about $175 for electric
Snow removal can be paid by the season at about $450 for the season or you can pay $45.00 each time that the snow is above a few inches.

Are you looking at renting or purchasing a home?

I am licensed in California and Nevada.
You can visit my website at www.southlaketahoehomesearch.com
... more
0 votes 3 answers Share Flag
Wed Sep 18, 2013
John Arendsen answered:
You really should start with the park manager. You will have to fill out an application and be approved by them before you even make an offer on a manufactured home in a rental park


Be sure to have it thoroughly inspected by an experienced MH inspector and not just any home inspector as there are several nuances with MHs that you don't have in a conventional site-built home and most home inspectors not familiar with these nuances will not even know what to look for.

Make sure the inspector crawls under the home and thoroughly inspects each and every pier and pad assembly for rust, deterioration and decomposition if steel and for decomposition if concrete as homes close to the ocean can be severely impacted by salt.

They should also make sure the home is level by checking all the doors and windows to make sure that they are not swinging or sticking and that all the strike plates on the doors are properly aligned and the doors close soundly.

The inspector should also inspect the steel mainframe for rust and decomposition as well. I can't tell you how many mainframes we've had to repair that were suffering and in some cases even failing from rust and deterioration related issues.

Be sure and have the inspector check for rips and tears in the vapor barrier under the floor. If there are openings in this membrane it could allow the insulation under the floor to become compromised and even fall on the ground.

Openings in the vapor barrier are also a great place for rodents and cats to habitate and reproduce. We've eradicated countless critters from these cavities over the years and it's not a very pleasant experience.

Finally and very importantly make sure the home has a California State Housing and Community Development Department (HCD) certified earthquake resistant bracing system (ERBS) as most areas in California are classified as a Zone 4 earthquake area which holds a high probability of risk for a seismic event..

We are a California licensed and experienced manufactured home and general contractor and manufactured home dealer, developer and real estate brokerage with decades of experience in the MH industry.

Please feel free to contact us anytime at 800 909-1110; cell: 760 815-6977. Or email us at onthelevel@cox.net.

Please feel free to log onto any of our very user friendly websites:
http://www.mh-processing.com http://www.tagrealestatesales.com http://www.chadofalltrades.com http://www.intimatelivinginteriors.com
... more
0 votes 2 answers Share Flag
Tue Sep 3, 2013
Brian Nguyen answered:
There are a few things you should consider when buying a second home. Also, a minimum credit score of around 620 will be needed in order to get a loan for a investment property. When it comes to your income and expenses, you usually need an debt-to-income ratio that does not exceed 45%. These are all things that you should consider when buying this Tahoe Property. I would be more than willing to speak with you to help you get the loan you need, even if you do not have the financial suggestions I previously listed I can still help.

Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can!

Good Luck!

Brian Nguyen Sr.
Mortgage Banker
NMLS # 659743
Phone: 949.667.2887
brian.nguyen@nafinc.com
... more
0 votes 15 answers Share Flag
Thu Aug 29, 2013
Nadia Jones-Kirkman answered:
Hi,
To be honest the big difference is the price. North Lake Tahoe is more expensive than South Lake Tahoe. North Lake Tahoe has a smaller community than South Lake Tahoe it is more exclusive. Also, the scenery is different North Lake Tahoe tends to be closer to the lake line. The town of South Lake Tahoe itself is set back off of the lake. I would recommend touring all around the lake. To see what best suits you. ... more
0 votes 7 answers Share Flag
Sun Jul 28, 2013
Wally Johnson answered:
Keeping your options open to all sales is a key point, especially since foreclosure and short sale properties have many challenges that you need to discuss with a knowledgeable professional. ... more
0 votes 11 answers Share Flag
Fri Jul 19, 2013
Chandra Watkins answered:
You should be good to go! Speak with a lender to make sure everything else with your credit, debt ratios, and employment status are in order.
0 votes 5 answers Share Flag
Tue Jul 2, 2013
Alison Hillman answered:
Take a look here: http://www.trulia.com/for_rent/South_Lake_Tahoe,CA/SINGLE-FAMILY_HOME_type/

LOVE Lake Tahoe!

Ali
0 votes 1 answer Share Flag
Sun Jun 9, 2013
Jeffrey Spencer answered:
More of the associate banks are trying to do refis. We just completed ours through GreenTree for 15 years at 3.5% fixed. Note that these banks are not mainstream and as such can be difficult at times. GreenTree, for example, is usually a lender for mobile homes, but associated with Bank of America. They are used to hard-money loans and act kind of like loan sharks a bit. But, these banks seem to be doing a lot of the old BofA refis that they themselves won't do.

Bottom line is I did get to refi, no pre-payment clause, cut 10 years off my loan and saves me over $80k over the life of the loan.
... more
0 votes 4 answers Share Flag
Sat Jun 8, 2013
Eddie W. de Leon answered:
Great question. The only way you can REFI if you are underwater is if the lian is owned by Freddie Mac or Fannie Mae and originated prior to June 2009. Not all if these loans are eligible.

As far as an appraisal it depends if one is needed. Its up to Fannie Mae's DU to point that out, but if it is, it would be ordered be the lender you are working with and you would simply pay for it.

I would be glad to look it up for you. Also I do HARP loans. Just call me at 951-210-2101.

Respectfully,

Eddie W de Leon
Senior Loan Officer
NMLS 238369
DRE 01393751
... more
0 votes 1 answer Share Flag
Thu Apr 11, 2013
Gregory Ochoa answered:
Lake Tahoe attracts most of our visitors during the winter and summer months. Most sellers will take advantage of these seasons to expose their property to as many buyers as possible. Therefore, purchasing in the winter may give you more properties to choose from. The downside to purchasing during the winter is that you will not be able to see the yard. ... more
0 votes 5 answers Share Flag
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