If there was ever any question that Lake Tahoe appeals to the upper echelons of the world’s ultra-wealthy, let the most expensive listing on the lake – a cool $100 million – lay that to rest. So what does a billionaire get for their money in Lake Tahoe, aside from no state taxes on the east side? The lake’s only private marina, for starters, with a floating dock and 12 boat slips. The Estate Depending on what you read, Chuck and …
Month: April 2022
Real estate these days is, in a word, nuts. And in this increasingly heated market, one of the number one things I hear is, “you must be loving this market!” Actually, you’d be surprised. When most people think about a hot market, they consider its effects on buyers — stress, anxiety, the roller coaster of multiple offers and bidding wars. But what about the folks on the other side of the deal? I’m going to let you in on a …
If you have a vacation home at Lake Tahoe, chances are you’ve considered its rental income potential. Tahoe is a year-round destination, and short-term rentals at the lake have their appeal. We’ve already covered necessary considerations for turning your vacation home into a vacation rental, but here, we’re diving into what you need to know about short-term rental regulations at Lake Tahoe. It’s… Complicated There’s no question that short-term rentals have a direct effect on local economies and residents, and …
Average rates on a 30-year fixed mortgage hit 5% for the first time since 2011, with the exception of two days in 2018. Assuming that expected rates stay this high, it will be the first time since 2013 that we’ve seen 5% interest rates. For context, rates this time last year were 3.38%. So, what do rising rates mean for homebuyers? As Mortgage Rates Rise, So Do Borrowing Costs The general rule of thumb is that for every 1% interest rate hike, …
Whether you’re familiar with cryptocurrency or not, there is likely to come a time in the not-so-distant future where crypto becomes a more common form of payment for real estate transactions. Think that’s decades away and won’t be coming to a neighborhood near you anytime soon? Well, let’s just say I remember having a conversation with an agent I was mentoring in the early 1990s who said, “I don’t use email and I never will.” Here’s what to know about …
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