Lake Tahoe real estate market news

PREP IT, PRICE IT and GRAB THE MARKET

The appreciation rate for Lake Tahoe real estate has stabilized to a more moderate rate from past years and is currently being driven by limited supply. If you are considering selling your home soon; take advantage of the season by prepping the interior through de-cluttering, cleaning, painting where necessary and look at your floors to be cleaned or replaced. These are some very cost-effective applications which will show your home in the most favorable of conditions. It also budgets your time for the Spring yard work that will lend curb appeal.

Meet with the professionals who will guide you with your pricing strategy. All those delightful experiences you have had at your home may cloud your perception of value. Online services may represent a range of value but have proven to be too general in their reporting. At best, they may provide you with a benchmark. A Realtor® can assemble a detailed comparative market analysis for you to examine how your home positions against recent past sales and what will be your current competition. You may be surprised! Correctly pricing your home will accelerate the time to sell, get you a sales price closer or equal to list and make the process much smoother. Embracing these two functions are imperative if you wish to achieve the highest sales price within the most reasonable time on the market.

After exercising the above; bring the home to the market as soon as you can. We saw last year how rising interest rates, stock market volatility and natural disasters all impacted sales activity. The concerns now are the availability of homeowner’s insurance as companies are not issuing or renewing policies written in woodland areas. I have seen what the hurricanes did for Florida homeowners in restricting the availability of insurance. Major players like Allstate walked away from this coverage in this State. Do not wait for an external force to impact the sale of your home. If you are motivated to sell, there is nothing like the present.

David Cloutier is a NV. Broker-Salesman #12178 and CA. Broker #01105564 with Coldwell Banker Select Real Estate who has been serving the community since 1981. http://david-cloutier.cbselectre.com/