Getting Cold Feet? All The Concerns Buyers Have…And How To Ease Them

If you are currently in the home buying process, you can probably relate it a lot to dating. You figure out what you want and then you set out to find it. You of course have to do some searching to make sure you find your right fit. A search that is bound to get some great laughs, and some headaches, throughout the process. Once you find the ideal home for sale in Lake Tahoe, you may feel like you are making the leap from dating to marriage. After all, you make an offer, hope it gets accepted and then sign on the dotted line. Of course on closing day, you may find that you get some cold feet. This is a huge financial investment that comes with a lot of “What Ifs?” So what can you do to calm your nerves and proceed forward with confidence? Check out these great tips.

‘What if I can’t afford the monthly mortgage payments?’

This is a common concern for everyone! The best way to ease this stressful thought is by meeting with your loan officer to crunch the numbers. The mortgage payment is only one aspect. You will need to factor in utilities, insurance, taxes and any dues that may be applicable. Once all of these have been totaled up, compare the amount to your household income. Housing should only eat up 28% of your gross income. If it is a little higher than you originally planned, do not panic. A little higher than the 28% rule is ok.

‘What if the house needs more work than I realize?’

Home inspections can be scary. They can potentially uncover some issues you didn’t plan on repairing. If some things popped up that you don’t want to deal with, don’t panic just yet. Some of the repairs can be negotiated before closing. Whatever is left over doesn’t have to be handled all at once. Use the inspection report findings to determine what needs fixed immediately and what doesn’t.

‘Did if I overpay?’

In a seller’s market, this is a very normal question to ask yourself when buying Lake Tahoe real estate. After all, you likely had some competition from other buyers. In a multi bid scenario, you have to come in at the highest offer in order to get the home for sale in South Lake Tahoe. This doesn’t mean you overpaid. In fact, it means you likely still got the home at market value. First you need to understand that most South Lake Tahoe realtors will not advise you to make an outrageously high offer right off the bat. Second, if you are buying the home with a home loan, the bank will require an appraisal. If the appraisal comes in lower, the bank will fund that amount. This gives you the option to either cover the gap with your own funds, or walk away from the deal. Unless of course the seller is willing to accept a lower price.

‘What if home prices drop after I buy?’

As the 2008 housing crisis is still very fresh in everyone’s minds, it is understandable that someone would be hesitant to buy a home for sale in South Lake Tahoe. This type of issue would only be a real concern if you were only planning on living in the home for a couple of years. If you are looking to own the property for years to come, then don’t worry about South Lake Tahoe home prices.

‘What if something better comes along?’

Give yourself credit for all of the online searching you did before you even hit the streets. It is normal to question whether or not you could be missing out on a better home. Especially if you feel like you are settling to get a better price or be in the neighborhood you want. Just remember, the home is now yours which means you can make it into what you want it to be.

If you have any other South Lake Tahoe real estate questions or concerns, feel free to call me at (888) 827-8957.

South Lake Tahoe Summer Concert Series

Harrah’s and Harvey’s recently announced their line up for the outdoor summer concert series and it consists of some major award winning artists. Whether you own South Lake Tahoe real estate or you are renting a Lake Tahoe vacation rental, you will not want to miss some of these incredible artists.

Slightly Stoopid, Saturday, Jul 2, 2016 06:00 PM $37.50.

Slightly Stoopid hails from Ocean Beach, California and is known for their blend of reggae, reggae rock, punk, dub and blues. This concert will unveil their latest music experiment “Meanwhile….back at the lab”. This project started back in 2013 at their own record label Stoopid Records. This touring act is a local favorite and not to be missed as one of the first concerts in Harrah’s & Harvey’s outdoor summer concert series.

Widespread Panic, Wednesday, July 6, 2016, 6:30 pm $49.50

Since Widespread Panic came on to the scene in 1986 in Athens, Georgia they have achieved elite status among American jam bands. Their blend of Southern rock, blues-rock, progressive rock, funk and hard rock genres is constantly resulting in them being compared to Grateful Dead and Phish. This group is widely known for their live performances and record sold out performances.

James Taylor, Wednesday, July 13th, 2016 7:30pm $59.50-$129.50

James first came on the scene in 1970 and ever since then has won multiple Grammy’s, been inducted into the Rock & Roll Hall of Fame and is one of the best-selling artists of all time thanks to selling more than 100 million records worldwide.  He is best known for articulating moments of happiness and sadness in his music in a way that fans and listeners resonate with.

Tim McGraw, Saturday, July 23, 2016, 7:30 pm $89.50-$179.50

Tim McGraw’s performance will be a major highlight to the 27th Annual American Century Championship which is happening the same week as Tim McGraw’s performance. This is the country’s premier celebrity golf tournament and is broadcasted live on NBC Sports television. Selling more than 40 million records globally and having 36 #1 chart singles, winning multiple Grammy’s and other awards, Tim McGraw is an iconic performer and this show is sure to be one for the books.

Don Henley, Sunday, July 24, 2016, 8:00pm $59.50-$149.50

If you love the Eagles, you won’t want to miss this. Don is one of the founding members before he launched his own solo career which turned out to be very successful. As a solo musician, he has sold over 10 million albums globally, has had 8 top 40 hits, won multiple awards and was ranked by Rolling Stone magazine as the 87th greatest singer of all time.

Sting & Peter Gabriel: Rock Paper Scissors, Friday, July 15th, 7:00pm, $97.56-$277.95

Two of music’s most iconic artists will come together in Lake Tahoe to put on an unforgettable concert.  These two first toured in the 80’s and we will reunite to perform both solo and with each other’s bands during this event.  Peter Gabriel was first known for the band he co-founded, Genesis. Since leaving the band in 1975, his recording career has included eleven studio albums, film soundtracks, multiple Grammy Awards, the creation of the Real World Records label, and the creation of WOMAD, a festival that has launched over 170 festivals in 30 countries along with the careers of many world music artists. Sting is known for his involvement in The Police. Since then, the band released five studio albums, received six Grammy Awards, two Brits and was inducted into The Rock and Roll Hall of Fame. As a solo artist, Sting has released fourteen solo albums and received additional awards including 10 Grammy’s, a Golden Globe, two Brits, an Emmy, three Oscar nominations and so much more. This dual performance is sure to be a huge hit.

Keith Urban’s ‘RipCORD World Tour 2016’, Wednesday July 27th & Friday July 29th, 7:00pm $63.24-$114.20

Keith Urban has long been considered  one of the music industry’s best live performers giving his audience unpredictable shows with amazing production and a set list that is filled with many of his No. 1 songs. Keith Urban’s concerts are said to be “electrifying and emotional, face-paced and inclusive” and a “concert event not to be missed.” This World Tour is debuting on the heels of his 8th studio album release.

Steve Miller Band, Thursday August 18th, 7:00pm $39.50-$139.50

Formed in neighboring San Francisco, The Steve Miller Band is an American rock band best known today for a string of mostly mid-1970s classic rock hit singles. The band’s Greatest Hits 1974–78 sold over 13 million copies. The band has continued to produce more albums and has toured with Journey. In 2015, Steve Miller was nominated as a solo artist for the Rock and Roll Hall of Fame.

Sammy Hagar and the Circle, Friday August 26, 2016, at 7:30 pm $69.50

For almost forty years, Sammy Hagar has been known as one of rock music’s most dynamic and prolific artists. Known as the “Red Rocker”, Sammy is recognized for the seminal hard rock band Montrose, his multi-platinum solo career and his role as front man of Van Halen. He’s earned a Grammy Award, induction into the Rock and Roll Hall of Fame alongside Van Halen and is currently on his fourth platinum run with the group Chickenfoot which is made up of some pretty big names in music.

Stevie Wonder, Friday September 2, 2016, at 7:00 pm, $99.50-$249.50

Known for both his music career and humanitarian and philanthropic leadership, Stevie Wonder  has created 49 Top Forty singles, 32 #1 singles and worldwide sales of over 100 million units. He has also won 25 Grammy Awards, a prestigious Grammy Lifetime Achievement Award, a Golden Globe and more. As a live performer, Stevie continues to astound audiences around the world. Be sure to snag your tickets while you can, this is one of the most anticipated shows of the summer.

For more South Lake Tahoe events, be sure to visit Tahoe South. If you have any questions about buying South Lake Tahoe real estate or booking a South Lake Tahoe vacation rental, be sure to call me. I would be happy to help!