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Home Buying in Tahoe City : Real Estate Advice

  • All64
  • Local Info10
  • Home Buying28
  • Home Selling4
  • Market Conditions2

Activity 25
Thu Jun 11, 2015
Ritadawn answered:
As to what is a reasonable length on escrow, under normal circumstances, assuming there aren't individual factors that provide special circumstances, a reasonable time for an escrow is either 30 or 60 days. There are, however, very, very few deals that meet that restrictive criteria.

Reference link:
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Mon Dec 15, 2014
Christy Deysher answered:
Did you know that with high wind storms, which happens quite a bit here, you can get overhead waves in Tahoe? Check out these photos from last week's storm! Bring your hood and booties! ... more
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Fri Jun 6, 2014
Olja Mihic asked:
Olja Mihic - Chase Internaitonal
530 448 6633
0 votes 0 Answers Share Flag
Sat Mar 1, 2014
Phil Rotondo answered:
I didn't receive an invitation and made other plans. Thanks for asking though.
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Sun Jan 19, 2014
Neil Morse answered: is probably the best resource around all of Tahoe condo or home.
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Sun Jan 19, 2014
Neil Morse asked:
Probably the best way to deal with this problem is to contact a local Realtor about your specific needs so that they can help you find the right property. With so little on the market its…
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Thu Dec 19, 2013
John Arendsen answered:
Only if you're bored or really desperate to find a place to live.
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Tue Dec 3, 2013
Brian Kurtz answered:
I like the series of questions taught by Bill Nasby.

1) When are you planning on moving?

2) Where do you live now?

3) How long have you lived there?

4) If you were to make a move - where would you move to?

5) When would that be?

They build rapport, fish out major details, and allow you to direct the conversation from there.
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Tue Dec 3, 2013
Brad Hester answered:
When considering looking at agent sales statistics, you need to look at the complete picture. Consider an agent that is a marketing wiz as far as site optimization, a large budget for heavy exposure, etc....... Perhaps they get 100 leads in a given year. If they are weak in product knowledge, lending knowledge/data and closing skills, they may close a poor percentage of leads but look like a winner in the "stat column"- their stats may be misleading. There may also be a "team" of 5-6 working under 1 agent where that agent takes all the credit for some large numbers when, in fact, payroll is watered down with a staff of 5-6.........also not the real picture. Then, there may be an agent that gets 20 quality leads (especially if they are homeowner referrals which tend to be high quality) and closes transactions on 17 of the 20 which is an incredibly high conversion and success ratio. Point being that numbers aren't everything. I did a deal some time back where I worked with a broker and her 6 helpers (or "team"). After we went into escrow, I did not talk with her again until after escrow closed. My communication was with assistants and often unlicensed individuals. Many would have considered it to be a bit scary or uncomfortable to not have the broker involved with every phase of the transaction....after all, it is probably the largest purchase or sale one is likely to make in a lifetime. I think the most knowledgeable broker I ever met (and one I would want to do business with if I was selling or buying a property) probably did only 10+- deals a year. He worked them 100%- cradle to grave- and possessed incredible knowledge and negotiating skills. He was a fantastic communicator and made other buyers/sellers or agents feel confident and at ease that it was a solid transaction. ........he didn't want a hundred deals in a year....he just wanted to be good at what he did....He put the client ahead of his paychecks....... Point being again, real estate sales are large ticket items where one wants the best possible price for the least possible risk.....real estate is about relationships where you have confidence in your broker or agent. A person you can both like as a person and trust with your largest asset. When in doubt, interview a few in the business and go with who your heart tells you has the most knowledge, is the most trustworthy and who will work the hardest to protect your most valuable asset. Numbers certainly aren't everything. ... more
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Wed Nov 20, 2013
Merrill Milner answered:
Hi Olja,
My goal is always client satisfaction, buyer or seller. In this case I would gladly represent my seller and their intent to sell by granting the Agent/buyer access. In the end, we all just want the transaction to happen, and close with as few issues as possible. With the Broker reciprocity these days, I don't ask for the referral from a non-board member when they are representing themselves. ... more
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Tue Sep 10, 2013
Kristen Daniels answered:
Moon Dunes is definitely a favorite of mine!
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Tue Sep 10, 2013
Olja Mihic asked:
Wed May 15, 2013
Craig Cooper answered:
At most foreclosure auctions, possession of a property is provided to the successful bidder without clear or clean title, and most auctions are quite careful to warn participants of that likely event. Unless the entire foreclosure debt was paid at auction, the foreclosed party may have up to a one year right of rescission to reclaim the property from the buyer at auction. The foreclosed party may have up to 90 days for their right of rescission in any event. According to your statement:
1. The foreclosed owner has filed a suit for illegal foreclosure.
2. Since the current owner (successful bidder) can't close or provide clear or clean title to buyer #1, it would stand to reason that they also will be unable to provide clear or clean title to your client.

It sounds like the current owner in possession doesn't have the authority to negotiate the sale of the property with anyone. The issue may not be whether or not the seller can cancel the contract with Buyer #1 but whether or not the seller has the authority to transfer title or enter into a contract for sale with anyone.

You may want to contact your broker or legal department for guidance or legal advice but you would be doing your buyer a great service by finding another property to purchase.
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Thu Apr 4, 2013
Olja Mihic answered:
I am not only a Lake Tahoe Agent, but found myself on the other side of the fence, and am actually buying a home for myself in this now rigorous market, and I have to contribute, that at this moment in economy when the interest rates are low, and the investors are not afraid to reach into their pockets, i.e. the market has just turned upwards, I find that this strategy works really great ... on foreclosures. So, not all the time, and not on all properties!

I am finding that investors are reaching for the last breaths of the foreclosure world, and when you give buyers a sense that they are getting a deal, the buying frenzy begins. I am not sure that this strategy works as well on regular sales, as I feel that buyers, instead of feeling like they are getting a deal, may feel that there is something wrong with the property.

So in summary, it works great when there is a large pool of cash ready buyers and a small inventory, when a sense of value can clearly be identified.

Olja Mihic
Lake Tahoe Realtor - Coldwell Banker Tahoe City
530 448 6633
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Wed Jan 9, 2013
Sasha Spiegel answered:
The rental market is pretty tight right now. Very difficult to find rental properties. Renters are willing to pay top dollar for something nice. Plus there was a lot of people who have fallen off the homeownership market, but still want to be in Tahoe. You can either rent to full time or vacation rental up to you. If you would like me to share some of the smaller cabins or condos with you. I am happy to do so. Just give me a shout!
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Mon May 28, 2012
Pat & Steve Pribisko answered:
I, personally, am not fond of dual agency. I highly suggest that you retain a Buyer's Agent to represent your interests. The Buyer's Agent serves you at no cost to you. The Seller pays the Buyer's Agent's commission. ... more
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Tue May 8, 2012
Sasha Spiegel answered:
Great Questions.
In Tahoe... The listing agent is the seller's agent.
The selling agent is the buyer's agent. Any Realtor can help you buy any home on the market, however it helps greatly to have an experience agent who is active in the market you're interested in.
Lastly Commissions are generally covered by the seller and are split between brokerages evenly. However if you are looking for an Negotiation Specialist who can bring the total purchase price down for you. You may want to consider and agent who's fee is set. In other worlds most of all of their broker fee maybe covered by the seller, however they may request that you pay an additional .05% to cover their costs. In the end, you will probably save more money than the .05% that you paid the buyer's agent, since they are working for you and your best interests.
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Tue May 8, 2012
Sasha Spiegel answered:
California is 1.25% of sales price approximately. However, your tax base stays the same over the long haul. In Nevada it can be lower in the beginning but they will increase the value of your home over the long haul and you may end up paying more when home prices around your home rise. ... more
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