Buying property in Incline Village is a big decision and we always recommend that you hire a professional home inspector to make sure that your home is in good working order. The home inspection period here in Incline Village is typically the first 14 days upon the acceptance date of the contract. A basic home inspection report will cover the foundation, walls, ceilings, floors, windows, doors, Continue Reading

During our last real estate down cycle from 2007 to 2012, builders cut way back on new home construction and land purchases due to lack of demand. Most builders simply cannot afford to sit on raw land. During that period, new household formation and immigration has created a huge pent-up demand for housing; however, builders have not been able to react quickly enough to meet the demand. They Continue Reading

Realtor Magazine recently had a feature article, "23 Federal Laws that Apply to Real Estate Sales". There were some interesting laws relating to loans which included the Mortgage Reform and Anti-Predatory Lending Act. This act governs lender compensation to curb abusive loans by restricting the way mortgage professionals are paid. There is also the Fair Credit Reporting Act that permits Continue Reading

ROSY PICTURE FOR INCLINE VILLAGE REAL ESTATE According to Bank of America - Merrill Lynch, home prices will be heading even higher this year with an anticipated increase of 8%.  This is due to a shrinking inventory and record high affordability.  In addition, the Federal Reserve will keep the mortgage rates at historically low levels this year.  Merrill Lynch also comments that due to the Continue Reading

Could home prices rise by 35%? According to Raj Dosaj, vice presdient of the home price index at LPS Applied Analytics, that is a distinct possibility, and could even happen without affecting home affordability. He did add one caveat though, and that is the assumption that interest rates reamin low. From everything we have been reading, the Fed has no intention of letting interest rates rise Continue Reading

Sales o f vacation homes were up 10.1% last year, accounting for 11% of all home sales, according to the National Association of Realtors. The surge in demand helped lift median vacation home prices by 24% year over year. Granted that much of this increase was the result of the tremendous interest investors have had in distress sales in hot markets in Arizona, Las Vegas, and Florida which they Continue Reading