Paradise Real Estate

Checklist for Contingency Periods

Identifying & following Contingency periods during the escrow process are very important!  I establish the deadline check list below for my clients to help them stay on time with the many parts of the escrow process. During your contingency periods the buyer seeks/receives information about the property and makes an informed decision as to whether to continue with the purchase of the property or cancel the transaction based on what the buyer has learned.  When a buyer cancels within the contingency...Continue Reading!

Market Update for South Lake Tahoe, CA Real Estate

This weekly report is created by Dan Spano, broker of Paradise Real Estate located in the Stateline area of South Lake Tahoe, CA. This information is focusing strictly on the South Lake Tahoe, CA. side of Lake Tahoe. As of today, January 13, 2011 @ 3:15 pm: Current active single family residential and condo listings for all of South Lake Tahoe, CA; 351. 88 of these active listings are bank-owned or short sales. Homes sold from January 1, 2011 to January 12, 2011...Continue Reading!

10 First-time-homebuyer Mistakes

A house is probably the biggest purchase you'll ever make. And, if you can avoid these missteps, chances are you'll be happy with the home you choose. Are you gearing up to buy your first place? Shopping for a home is exciting, exhausting and a little scary. In the end, your aim is to end up with a home you love at a price you can afford. Sounds simple enough, right? Unfortunately, many people make mistakes that prevent them from achieving...Continue Reading!

Market Update for Lake Tahoe, NV Real Estate

This weekly report is created by Dan Spano, broker of Paradise Real Estate located in the Stateline area of South Lake Tahoe, CA. This information is focusing strictly on the Nevada side of Lake Tahoe. As of today, October 14, 2010 @ 3:15 pm: Current active single family residential and condo listings for all of Lake Tahoe, NV; 172. 11 of these active listings are bank-owned or short sales. Homes sold from October 1, 2010 to October 14, 2010 are: 5. Of the 5 homes sold,...Continue Reading!

How to Avoid Getting Outbid When Making an Offer on a Home

1.  Be the first to submit an offer.  Make sure  your agent knows that you want to act quickly when a property that suits your needs becomes available.  Also, shorten the deadline on your purchase offer so that the listing agent can't use it to entice offers from other interested buyers. 2.  If you can't offer all cash, be pre-qualifed for a mortgage.  Be prepared to offer an earnest money deposit of up to 3% of the purchase price with your...Continue Reading!

5 Things Not to Do if You’re Thinking About Buying a Home

If you are thinking about buying a home, here are a few things you should NOT do. 1.  Don't make any major purchase that would create debt.  This includes furniture, automobiles, appliances, etc.  An increase in debt may make your debt-to-income ratio too high and jeaopardize  your ability to get a mortgage loan. 2.  Don't move money around.  This includes checking and savings accounts, certificates of deposit, etc.  Your lender will be reviewing your accounts as a source for your down payment and closing costs,...Continue Reading!

Market Update For South Lake Tahoe, CA Real Estate

This report is created by Dan Spano, broker of Paradise Real Estate located in the Stateline area of South Lake Tahoe,  CA. This blog post is focusing strictly on the South Lake Tahoe, CA. side only and does not include West, North, or the NV portion of Lake Tahoe. As of today, May 28,  2010 @ 2:00 pm: Current active single family residential and condo listings for all of South Lake Tahoe, CA; 408.  63 of these active listings are bank-owned or short sales. Homes sold from May 1,  2010 to May 21,...Continue Reading!

How To Buy A Foreclosure

There are great opportunities to purchase foreclosures in today's market.  If you are thinking of taking that step, here are some things you should know. An REO (foreclosure) occurs when the bank that holds the mortgage has taken the property back because of nonpayment.  Some of the advantages to buying a bank-owned property are that the property has clear title, the property may be priced lower than comparable listings that are not bank-owned, and the bank may offer preferential financing terms.  In some...Continue Reading!