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Truckee : Real Estate Advice

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  • Local Info2
  • Home Buying42
  • Home Selling3
  • Market Conditions7

Activity 86
Wed Apr 10, 2013
Dave Westall answered:
The Ski Trail Condos are a great value and offer a strong rental appeal which will help you maximize your rate of return. Although these units are older than the Village units their HOA dues are significantly less which will help increase your ROR. These units have access to the Northstar Property Owners Association which offers a fantastic pool, spa, fitness center, tennis, and a youth center. With these amenities alone you will have good rental appeal but when you consider the on slope location, proximity to the village, and the overall appeal of the Northstar subdivision you can start to see that these units make for a great investment.

Please feel free to call or email me to talk more about your real estate needs 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
DRE# 01796995
... more
0 votes 4 answers Share Flag
Wed Feb 27, 2013
Luca and Alisa Adriani answered:
Hi Jason,
Thank you for a great question. This is very common in our area. I have contacted one of our local lenders, O'Dette Mortgage Group, regarding this question to see what the pro says. Please read her response below. Teresa has offices in Lake Tahoe and San Francisco. Please contact her for your lending needs. If we can be of further assistance helping you find your dream home, do not hesitate to contact us. We are always here to help and strive to exceed your expectations.
Best,
Luca Adriani

Regarding 2 families purchasing, the financing is typically a standard Fannie Mae loan as all 4 parties are liable for the mortgage. The TITLE to the property is typically held as ‘tenants-in common’ with 50/50, or whatever percentage of ownership the parties agree to.

The ‘TIC’ financing you see in San Francisco is a non-conventional ‘space-based fractional’ type of loan that offers 3- and 5-year terms with much higher rates. Fortunately you do not have to go down that path, but can take advantage of the great rates available in this market.

I would be happy to talk with your clients about all of the options. We have assisted MANY clients with this scenario.

Sincerely,

Teresa O'Dette
teresa@omglenders.com
530-581-5089
... more
0 votes 6 answers Share Flag
Thu Jan 17, 2013
CallRicki. com answered:
Thu Sep 20, 2012
Kris Miller answered:
Barbara and Cindy, I apologize deeply for not contacting either of you or your offices sooner. My husband and children surprised me with a trip to San Diego for my birthday, and we've just returned home. I have not forgotten about either of you, or your very generous offers to help, but as my husband packed for me, I had neither contact information. I will be having my husband Mike, contact the Dickson office, as well as you Cindy, prior to week's end. Again I apologize, and thank you so much for the help!

Kris
... more
0 votes 4 answers Share Flag
Fri Sep 14, 2012
Ann Nguyen answered:
Right now there are a lot of good listings in your price range. You have a lot of choice depending on the neighborhood and the amenities. If you already know the neighborhood that you would like to be in, then I can send you listings specific to that area. Otherwise contact me by phone/text/email and we can discuss different communities so you can make an informed decision.

Ann Nguyen
anguyen@dicksonreatly.com
530-545-3458
... more
0 votes 5 answers Share Flag
Thu Sep 13, 2012
Jacklyn Wells answered:
I have many people ask me about rentals. If you send me an email I will send you a list of several property management agents.

jacklyn.wells@gmail.com

Best,

Jackie
0 votes 2 answers Share Flag
Sun Aug 26, 2012
Ali Liptrot answered:
Are you looking to rent or purchase? In any case sounds like Glenshire may be the right neighborhood for you as they do allow fences and have reasonable rents.
0 votes 1 answer Share Flag
Sun Aug 19, 2012
Kent answered:
Mr. Jog: I believe you might be interested on this lot with a large 7/10 acre lot inside of Town of Truckee that I'm selling now. This one has NO, NO, NO MELLO-ROOS FEEs. Also my land is one the lowest price based on over 1/2 acre size only. I hope this would help. If you are interested, please see my broker Ron Hemig. See listing at: http://www.trulia.com/property/3083574736-12433-Granite-Dr-Truckee-CA-96161

Thanks for your attention, Kent S. of Morgan Hill
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0 votes 8 answers Share Flag
Mon Aug 13, 2012
Lenore Miller answered:
How much is the rent and is it rented yet? Might be intersted. (lenoretoo@aol.com)
0 votes 3 answers Share Flag
Sat May 19, 2012
John Arendsen answered:
Yep................................www.trulia.com
0 votes 2 answers Share Flag
Sat May 19, 2012
Carol answered:
The cost to heat this house is $95 a month
0 votes 2 answers Share Flag
Tue Apr 24, 2012
Anita Noble & Christina Soloski answered:
Please call Kristy or Nicole at 530-582-6186. It is a rental company. Good luck! Anita
0 votes 3 answers Share Flag
Sun Apr 15, 2012
Rb answered:
I've had arrangements like this in the past, and have been happy with the results. I'm now looking to buy a place in truckee, and am looking for an agent. If there are any local agents willing to split commission, please pm me. No hate mail please. ... more
2 votes 9 answers Share Flag
Thu Mar 15, 2012
Sasha Spiegel answered:
First I would speak with your Realtor to see what they can find out about the developer. If the developer goes bankrupt you maybe exposing yourself financially. It really depends on how big the developer is and what they have for a back up plan. ... more
0 votes 3 answers Share Flag
Fri Mar 9, 2012
Sasha Spiegel answered:
The developer was dumping lots and cost of building is more expensive right now that buying a home completed. Lastly Grays' Crossing was having some issues with it's HOA. IT's been resolved now, but that put a lot of buyers off. ... more
1 vote 3 answers Share Flag
Wed Dec 28, 2011
Charles Dailey answered:
Chris,

That's a bummer on HARP. The good news is that Beneficial is pretty flexible with modifying their notes. Call them, explain your situation to them and tell them that you want to get her off the mortgage using qualified assumption. You'll have to provide your credit and financials and essentially re-qualify for the loan that you already have but I'd be surprised if they didn't do it. It would likely cost a heck of a lot less than a refinance too.

Regards,

Charles Dailey - NMLS ID 79048
iLoan - NMLS ID 4474
charles@charlesdailey.com
... more
0 votes 7 answers Share Flag
Sat Sep 10, 2011
Margie Casey answered:
Hi Judylee,

In case you're still on the fence, I thought this article I wrote might help you understand fractionals. The weblink to the story is below: Private Residence Clubs - Luxury Vacation Homes for a Fraction of the Price

If you decide to buy a vacation home, you might also consider 3RD HOME exchanges when you're not using the home. Let me know if you would like information about 3RD HOME.

Be well,
Margie Casey
... more
0 votes 6 answers Share Flag
Thu Sep 1, 2011
John Arendsen answered:
A 50% down payment and a good income is pretty strong. If you're saying that you will have enough to pay cash by next year I'd like to get a job where you're working. What is your budget? ... more
0 votes 7 answers Share Flag
Sat Jul 9, 2011
Jacklyn Wells answered:
You need to contact Tahoe Sierra Board of Realtors. To list in the Truckee/Tahoe MLS you must be a member and complete orientation. You may join the MLS only, but to my knowledge there is no "one time sale" practice available in our Board. The phone number is 530-583-0275 and ask for Sue. ... more
0 votes 4 answers Share Flag
Fri Jun 10, 2011
Nd_fan8 answered:
Has a decision been made yet? My wife and I are looking to move to the Truckee area this fall and are looking for a long term lease/rental and are having a difficult time frinding listings... ... more
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