6-29-2010  ~ Happy week of the 4th of July!

Every realtor I know seems to have people looking to buy a house right now. There is a healthy uptick currently in this market place. There are 190 homes in escrow pending closure today. Tahoe Donner  is continuing to be the hot spot due to the many amenities it has to offer.

The weather is spectacular- it had been a long winter and there are a lot of people out and enjoying this hot summer weather.  The fourth of July events at North Lake Tahoe draw a nice crowd.  Additionally, there is no better place to come cool down and see fireworks. This is a great week to come up and do some boating. There is very little wind and hot temps! The best way to see fireworks is from a boat on Lake Tahoe!

While here visiting many people call a realtor to go look at property. This is the busiest month of all. Look ahead to the closing sales in the months September and October that will reflect July’s contract activity. Buyers at this time of the year must compete with other buyers, creating increased competition. If you want your best deal go make offers in November- March in this part of the country.

 I know we all hear on the news how bad the market is; all too much. It almost puts buyers in the wrong state of mind coming into this part of the country. I have seen many deals fall apart since buyers think everyone is in such dire straights. NOT TRUE- to come into a negotiation so low it insults someone, not to mention the fact there are more buyers in action mode. This cut throat approach does not turn out fruitful for the buyer trying to come in and kick you when your down. There are just too many qualified investors and savy buyers/sellers to try to swindle. So- FYI think it over again!

 The properties on the market under $500,000 are still in need of a lot of work and they are the very first to sell under $400,000.  120 of the 180 currently pending sales are under this $500,000 mark leaving only 50 properties in the higher price group.

Cash sales have been really popular- People are parting with there cash for these great deals in the hopes of the market returning. This is what every buyer that in the past- I did not sell a house to has been waiting for. The bottom of the market. From my lips to gods ears right! The indications are good. Prices remain low, interest rates are falling. I am unsure how far this will go since my crystal ball quit working but it can be a self fulfilling prophecy. Don’t be afraid to get into the market now. It is what so many people in the past had told me they had been hoping for to enter the market place, prices to come way down.

When I used to lisen to people say this back in the early part of 2000’s, I thought it was almost mean to wish for a colapse. What about all the people that would suffer financial losses? Here we are. I am going through my data bank and calling all these folks, there are no excuses now are there! People really didnt realize what would have to happen for the prices to fall like this. Now that we have lived it, we know. Dont wish for the ballon to pop. You could get taken out of the loop yourself. 

A slow recovery will be at play in the Truckee and Lake Tahoe market place due to our world wide notoriety and popularity over my years. Don’t miss the boat again!

Happy 4th of July! God bless all the people who sacrafice there lives for our freedom- Thank You