Winning A South Lake Tahoe Seller’s Market

As a buyer in a seller’s market, you have to ask yourself….is this even possible? Finding the right piece of South Lake Tahoe real estate can be challenging in any market, but during a seller’s market? Well, that is a whole other level of difficulty that is becoming more and more common. If you are new to South Lake Tahoe real estate, let me clarify really quick what exactly a “seller’s market” is. It is when the demand for homes is high, but the inventory is low giving seller’s all the control. As a buyer, you can expect bidding wars and potentially buying a home over the listing price. So how can you not only survive but walk away with a home? Read on!

First you need to know what market you are in. Your South Lake Tahoe realtor should be able to tell you. If they can’t, you need a new realtor. But if you want to go into your first appointment with your realtor in South Lake Tahoe informed on market conditions, these signs are what you need to know: Are homes moving quickly? Is their low inventory? And are homes selling for more than the original listing price? If the answers are yes, you are indeed in a seller’s market.

Second, you need to be ready to make this a priority. This shouldn’t be a weekend hobby. If your South Lake Tahoe realtor calls you and tells you a house just came on the market that fits your needs and is in your budget, you need to go see it as soon as you can get in. If this South Lake Tahoe home for sale matches all your criteria, you or your Lake Tahoe realtor needs to follow up asap. If you don’t, someone else will.

Widen your search parameters to other neighborhoods you may not have previously considered. Homes for sell in South Lake Tahoe are all located relatively close to one another. If your dream neighborhood also happens to be everyone else’s dream neighborhood, you may get outpriced. Don’t cross off nearby area’s. The neighborhood across the street may not have everything you want, but it will likely share at least a few of the amenities you adore about your dream neighborhood.

Actions speak louder than words, so if this property has you written all over it….you better bring the written paperwork and the down payment to back it up. After all, talk is cheap and in order to survive a seller’s market, you have to prove to the Lake Tahoe home owner that you have the mortgage and the funds to back it up in order to be taken seriously, as well as edge out the competition.

Speaking of money, do not play hard to get with the seller of the South Lake Tahoe home for sale. In a buyer’s market, it is common to offer below asking (within reason of course) and then counter offer up a couple of times. In a seller’s market, there is very little room for this. Why? You are likely not the only person putting in an offer, meaning if you bid too low and your contract is one of many, yours likely won’t even be an offer that is considered. Don’t blow your budget by any means, but this is not the time to barter to either.

Don’t have the cash to compete but still want to sweeten the pot for the seller of your dream piece of South Lake Tahoe real estate? Waive some contingencies. A lot of buyers will make an offer on a home for sale in Lake Tahoe, with strings of course. While we don’t recommend you waive inspections on a 100 yr old house, there are contingencies you could likely negotiate or drop in order to stand out to the sellers.

Have more questions on buying real estate in South Lake Tahoe? Give me a call at 530-308-4762.

 

Landscaping Tips That Get You The Most Bang For Your Buck

When people start thinking of listing their South Lake Tahoe home for sale, they automatically start thinking about remodeling this and upgrading that. This can get very expensive, and you don’t always get your invested money back when it comes time to selling. One thing that always seems to be worth the money spent, and is quite affordable (compared to interior upgrades that is), is landscaping. In fact, research shows that a nicely landscaped yard can make up for almost 28% of value on your South Lake Tahoe home for sale. So what can you do for your grounds that will rake in the dough when it comes time to sell your South Lake Tahoe real estate? Read on!

Spruce up what you already have. When it comes to selling your South Lake Tahoe home, we always tell people to clean the inside and de-clutter. You should do this with your yard as well. Rake up leaves, get rid of weeds, trim trees and shrubs and get rid of any random branches that may have lost their way during a winter’s storm. It is amazing what a little clean up can do for the curb appeal of your home for sale in South Lake Tahoe.

Next, add some color. Everyone loves bright pretty flowers, but choosing ones that only last a season can get expensive over time. The best way to get the most bang for your buck when dealing with flowers for your South Lake Tahoe real estate is picking plenty of perennials for your landscape. This lasts for years to come. Then mix in annuals in the fore front for that real splash of color. Pick different flowers that vary in size, height, bloom shapes and color. Not only will this make your South Lake Tahoe real estate for sale stand out, but it will save you money in the long run. While we are on the topic of mixing it up, consider using plants that are drought tolerant as well. This is a huge trend for 2016 and it is not a surprise given California’s headline making drought issues. By going this route, you can cut down on irrigation costs.

Make an outdoor living space. This is such a major appeal when marketing a home for sale in South Lake Tahoe. Lake Tahoe is known for being an adult playground with endless outdoor amenities. By adding an outdoor living space, you appeal to the target demographic, but also “add space” to the home, without having to get a construction permit or jump through the hoops of the TRPA. Permeable paving and a fire pit in the back yard can go a long way and are fairly affordable. In fact, you don’t need to go out and buy a fire pit. You can make your own! The best part is you get to enjoy this until your South Lake Tahoe real estate sells.

Have more questions on getting your home ready for the South Lake Tahoe real estate market? Give me a call at (530) 308-4762.