Paradise Real Estate

The 4 Steps to Buying a South Lake Tahoe Foreclosure

In my last blog I told you the steps to foreclosure - Pre-Foreclosure, Auction and Foreclosure.  We're now going to cover what to do next....buy a South Lake Tahoe foreclosed home! 1. Find the Foreclosure The foreclosure process starts with a notice being filed at the County Recorder's Office.  You could go through the public records or you could use my new website feature.  Once a home is bank owned and listed for sale you'll find South Lake Tahoe foreclosures in both...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!

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!

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!