FROM OUR STRATEGIC PARTNER IN LONDON, MAYFAIR INTERNATIONAL REALTY:
Hi everyone,Greetings from London. Well, the election is now behind us and the new government trying to unravel their inheritance. There is an amusing rumour flying around that, in a stark message left in a Treasury desk for his successor, outgoing chief secretary to the Treasury Liam Byrne wrote simply: “I’m afraid to tell you, there’s no money left.”
Please find attached Nick’s latest Market Comment following the General Election and an illustration to accompany it. So many of you have company, or individual, blogs or news sections on websites and it’s great to add a little piece from your London office. We love seeing the creative ways you have of using these. You may even like to send it to your local press or magazines “from your London Office”. Even add it to Twitter or your company Facebook page as we do on ours.
Feel free to use the attached for your own blogs.
Enjoy!
Kindest regards
Nick and Annette
Director
Mayfair Office/Mayfair International Realty – Cashel House – 15 Thayer Street – London – W1U 3JT
Direct Line : 020 7467 5332
Mobile : 07740 679715
Office : 0870 112 7099
Fax : 020 7467 5339
Skype: annette.reeve1
Email: annette@mayfairoffice.co.uk
Time to Move
Now that the UK General Election is over Nick Churton of Mayfair International Realty considers the real estate market that Britain’s new government inherits.
Well now we know. The UK general election didn’t pan out as anyone thought. No party received an overall majority. So we find ourselves in an unfamiliar country. The Conservatives could have set up an unstable minority government. Or two parties could have banded together and form a majority coalition government – rare in the UK. But after a great deal of fascinating horse-trading this is just what happened. The Conservatives have been joined by the Liberal Democrats who managed, having effectively come third in the election, to get their feet under the cabinet table for the first time in seventy years. Their leader, Nick Clegg, becomes Deputy Prime Minister while David Cameron, leader of the Conservatives, becomes Prime Minister – at 43 the youngest in the UK for 198 years. Having come second, outgoing Prime Minister, Gordon Brown, and his Labour government are consigned to the pages of history.
British politics is adversarial and brutal. No sooner does a Prime Minister lose an election than he or she loses their home at 10 Downing Street. There is no gentle period of incumbency here. One minute you are sitting pretty in one of the best-known addresses in the world and the next you are retreating miserably out of the back door while the new PM enters triumphantly through the front.
But it seems that it’s not just the Camerons and the Browns who are moving home. Lots of other people in the UK have decided that it is time for a change also. This new coalition government inherits many challenges of an economic and social kind, but the UK real estate market they inherit isn’t in too bad a shape, despite the recession. Recent activity in the property market is at levels not seen for several years, and now the election is well and truly out of the way there should be even more decisiveness in the market.
After considerable falls, prices in prime London areas and in other large metropolitan areas around the UK have surged back to 2007 levels and – in some key locations – have exceeded even those. Most other areas have seen prices rise but not to such a generous extent.
First time buyers in the UK have recently been given a good tax break here to help stimulate this sector and this will have a positive knock-on effect further up the market. As mortgage lenders become more accommodating to borrowers, and more competitive with each other, more people will enter the real estate market, and this goes for overseas homes including the US.
With ever more of the UK population reaching retirement age, the demand for homes in the US is set once again to rise. But as the UK and the US move into a period of faster recovery there will, no doubt, be a residual level of caution from buyers. Fiercely competitive pricing will reward bold sellers on both sides of the Atlantic. More rigid and optimistic sellers may find themselves neither bounding out of the front door nor sloping out of the back. They will be somewhere rather nasty in between called Limbo.
Annette Reeve MNAEA CIPS
Our beautiful listing in Incline Village, Nevada,known as “Secret Cove”,a.k.a. www.1169Lakeshore.com sold yesterday!
This is the second property sale over $10 million in Incline Village in 2010.
Lake Tahoe, Nev. (Dec. 22, 2009) – Searching for a room with a view? Chase International’s newest property listing, Secret Cove, offers stunning Lake Tahoe views from virtually every room.
Perched on the dramatic aquamarine shoreline at the juncture of Lakeshore and Highway 28, the 7,130-square Ira Rodman built custom home was built in 1999.
“Some house plans suit the property perfectly and this is one of those,” explains Ira Rodman who has been designing and building custom homes in the Lake Tahoe area for over 30 years.
Unassuming from the road, this extremely private, craftsman-inspired residence is artfully oriented to take full advantage of its dramatic lakeside vantage point.
“This home offers such a unique perspective on Lake Tahoe,” says Kerry Donovan of Donovan Group that is listing the property. “Secret Cove Incline has stunning views from most rooms, magnified by the location on translucent crystal waters.”
The floor plan is simple with elevator access to all levels beginning from the interior door at the three-car garage.
“This means the homeowners won’t have to worry about transporting bulky or heavy items from floor to floor,” adds co-listing agent Megan Warren. “And folks will also enjoy the elevator because it features whimsical Western portraits painted by local artist Beth Cayce.”
With Lake Tahoe serving as the glittering aquamarine backdrop, the home’s main level living area features a great room setting with a massive stone fireplace. The dining room includes a spacious table with seating for 12 under a distinctive custom chandelier that depicts colorful Western imagery by Utah artist Peter Fillerup of Wild West Design. Fillerup’s craftsmanship has been featured in Architectural Digest and Luxury Living magazines.
From its hickory flooring to its massive trestle wood beams, Rodman’s signature craftsmanship is evident throughout. According to Donovan, the ambience is an “elegant Western décor.” The kitchen features high-end Viking appliances and striking custom built knotty pine with furniture finish cabinetry.
Elegant outside living is always just a French door away in this home that has decks, patios and balconies extending from the kitchen, executive office, lower entertainment room and lower floor bedroom suite.
The master floor includes a spa suite and executive office with a handsome fireplace and beautiful private deck. Also on this floor are a wine room and a large home theater complete with hand-carved moldings and hand-painted ceiling depicting the Tahoe night sky. Additionally, there is a powder room and laundry room on this floor.
The guest floor features two bedroom suites and a game room with walk out patio. The home’s four bathrooms and two powder rooms are accented with artistic custom tile work. The master bath shower has colorful stylized fish, while a delightful cowboy rowboat theme can be found in the fireplace guestroom bath.
From the tile work that graces the kitchen and bathrooms to the cast bronze custom chandelier, this residence embraces creative vision at every turn.
Still, many would argue that the real artwork here can be found plein air as Secret Cove offers 80 feet of lakefront frontage, seasonal sandy beach and two permitted buoys. Granite steps lead down to the private cove. The area is landscaped with a mid-slope fire pit area that urges people to sit and enjoy the sun setting on yet another perfect Tahoe day.
Secret Cove is listed at $12,500,000 with Donovan Group, a division of Chase International. For more information or to arrange a private viewing of the property, contact Donovan Group’s Kerry Donovan, Megan Warren or Debbie Hansen at 866.831.8999; kdonovan@chaseinternational.com; mwarren@chaseinternational.com or dhansen@chaseinternational.com.
Timeless Tahoe Compound on the Market
Lake Tahoe, Nev. (April 1, 2010) – Eccentric billionaire George Whittell is most famous in the Lake Tahoe area for his eclectic Whittell Estate along Tahoe’s East Shore. What many people don’t know is Whittell also pioneered the first neighborhood at Incline Village – a neighborhood that predates the community itself. This tucked-away part of Incline is right on the lake’s shore along the historic Pine Cone Circle.
One of the original properties on Pine Cone Circle has now been put on the market. Though the original character of the home still exists on this private lakefront property, the home itself has been completely renovated and decorated by renowned interior designer Catherine MacFee.
“What’s unique about this property is the classic Tahoe feel, offering primarily main level living,” explains Kerry Donovan, one of the property’s listing agents. “Much of the exterior space was purposely not built on, which offers a truly open setting from the front drive to the lakefront.”
Though the home retains much of its Old Tahoe charm, the modern touches of casual elegance and custom craftsmanship are evident throughout. MacFee’s attention to every detail has created the feel of a well-loved family vacation compound. The home’s complete renovation included the restoration of the original log ceiling and an authentic granite stone fireplace. However the custom crafted curved staircase, built-in cabinetry, luxuriously appointed double master suites, separate bunk house and gourmet kitchen are thoroughly modern upgrades.
MacFee has masterfully pulled together all the elements of a home, from cushioned window seats filled to the brim with interesting throw pillows to a hand painted linen cabinet to a one-of-a-kind antique carved wooden sink vanity. Each element catches your eye as it complements the next, whether it’s the canopied master bed or the woolen drapes. The preeminent Tahoe mountain décor is completely dialed from the deep paint hues to the mix of glossy and tumbled tile to the rich textures used throughout.
According to a California Home + Design article, MacFee studied cabins as far as the Adirondacks to develop a sense of old lodge style, and then updated the look with sophistication. From tribal rugs to exposed beam ceilings, the cabin is a study in that unmistakable combination of elegance and rusticity that has defined Tahoe interiors for more than a century.
“This look relies on layering unexpected textures,” MacFee said. “You don’t know why it connects, but it does.”
The home was originally constructed to take full advantage of its lakefront setting, with windows positioned for lake views in every room. MacFee took further advantage of the home’s spectacular setting by adding a number of outdoor living spaces to the home. There is an expansive outdoor dining and entertaining area that links to a quartzite stone path that meanders down to the boulder-strewn shoreline. Another deck with a fire pit and meditation circle sits just steps from the water’s edge. Low stonewalls that line walkways and pine needle covered grounds provide a Carmel-like feel to the well-kept enclave.
“This property is the epitome of turn-key,” added Karin Baker, the residence’s co-listing agent. “It was built in 1951 with an extensive remodel and expansion in 1992. Villa Lake Tahoe combines the rustic charm of a bygone era with modern amenities one would expect in a newly constructed luxury home.”
This home, aptly dubbed Villa Lake Tahoe, is a place where a family can hunker down and enjoy all that Tahoe has to offer, right at its doorstep. The 3,400 square foot home is situated on nearly a half an acre of land and includes one hundred feet of lake frontage. Two buoys are included with the property as well as access to an adjacent pier. A private sandy beach for use by Pine Cone Circle residents only is just steps away from the property. The home, located at 1655 Pine Cone Circle, is being offered for sale at $8,790,000.
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February 20, 2010
Tahoe home features interiors by noted White House designer
Provided by Chase International
INCLINE VILLAGE — President Obama White House designer Michael S. Smith’s sophisticated, yet inviting design style is reflected throughout a stunning Lake Tahoe residence now offered by Chase International for $19.95 million.
Known for his work with Hollywood celebrities and most recently the first couple’s Pennsylvania Avenue residence, Smith’s low-key luxury sensibility was a perfect fit for the owners of this 10,000-square-foot home, including exercise room and wine cellar, set on the sandy shores of Lake Tahoe.
“StoneGate is an extraordinary home,” said Smith, who has written two home-design books. “The attention to detail and craftsmanship is unmatched on Lake Tahoe. It can hold its own with the most beautiful homes in the world.”
According to listing agents Shari Chase and Kerry Donovan, Smith’s lush country lodge décor compliments a home that features unrivaled quality construction from its mechanicals to the impeccable artisan-stone masonry and ironwork.
Chase and Donovan said that with its private pier, sandy beach and buoys, this gated estate really has it all. According to these Lake Tahoe real estate experts, this caliber of property is hard to come by.
“StoneGate is for a buyer who desires and appreciates attention to detail where no expense has been spared,” said Donovan, of Donovan Group of Chase International’s Incline Village office.
Like an exquisitely wrapped gift, the wrought-iron gated drive creates an enticing prelude of the detail and craftsmanship that lies ahead. Similarly, upon entering through the massive Alder doors, one’s line of sight is drawn to the end of the corridor, which connects the front of the residence to the primary living spaces and concludes with a dazzling view of Lake Tahoe. Natural flooring mined in Colorado, Jerusalem Gold Grand Granite and Southern Yellow reclaimed vertical pine and wrought iron are the residence’s signature design materials.
The 10,000-square-foot home was aptly named StoneGate for its impressive exterior granite stonework. The main living area features a grand living room, formal dining room, gourmet kitchen and master wing, which includes the library.
With its sunlit lake views, 22-foot-high-beamed ceilings and massive granite hearth, the grand living room epitomizes mountain elegance. French doors provide access to the stone patio and barbeque. Adjoining the patio is a level landscaped lawn and garden. And best of all, a lovely private sandy Lake Tahoe beach is just a few steps down an adjacent stone path.
The gourmet kitchen showcases a 60-inch Wolf range with double ovens and a French country ceramic hood rising to the beamed ceiling. Perfect for entertaining, a butler’s pantry provides an additional prep area, wet bar and auxiliary refrigerators and freezer.
The richly appointed master wing offers a library complete with wood-burning fireplace, plus a full bathroom. The master bedroom has high-beamed ceilings and picture windows that beacon the natural light and English garden views during daylight hours, and starlit skies by night. Encompassing a magnificent space, the master bath features Waterworks fixtures from London, a double steam shower and spa tub.
An open winding stone staircase leads to the second-floor lower-living area, which includes three guest suites and a family room accessed on each side with French doors. Opening out to the backyard and close to the pier, a separate valet garage offers room for summer furniture, kayaks, and other Tahoe recreational gear.
The lower third floor level offers an exercise room with a full bath, cork flooring and windows with garden courtyard views. Also on this level, is a temperature controlled wine cellar with 1,200-bottle capacity. The upper third floor level features a private executive office with full bath and a peek of the lake as well as a staff or guest quarters with full bath, kitchen, den and sitting area.
And finally, two symmetrical double car garages with convenient built-ins flank the entry.
For more information or to arrange a private viewing of the property, contact Chase at 775-588-6132 or sharichase@chaseinternational.com, or Donovan, at 775-750-2190 or kdonovan@chaseinternational.com.
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Yes there are some luxury properties that are great deals and this was one of them, www.996wedge.com
Just closed last Friday for $1,861,000.This was a short sale,which was originally priced at $3.6m 2 years ago.We have had success on getting several of these closed now,and it takes true grit.Debbie Hansen ,on our team,has the tenacity and patience to work through the bank’s complicated maze.If you are looking for one of these luxury opportunities,call us,or email.
Lake Tahoe Home Features Interiors By Noted White House Designer
For Immediate Release
Lake Tahoe, Nev., (Feb. 8, 2010) – Obama White House designer Michael S. Smith’s sophisticated, yet inviting design style is reflected throughout a stunning Lake Tahoe residence now offered by Chase International for $19,950,000.
Known for his work with Hollywood celebrities and most recently the first couple’s Pennsylvania Avenue residence, Smith’s low-key luxury sensibility was a perfect fit for the owners of this stunning 10,000 square-foot home (including exercise room and wine cellar) set on the sandy shores of cobalt blue Lake Tahoe.
“StoneGate is an extraordinary home,” comments Smith, who has written two home design books. “The attention to detail and craftsmanship is unmatched on Lake Tahoe. It can hold its own with the most beautiful homes in the world.”
According to listing agents Shari Chase and Kerry Donovan, Smith’s lush country lodge décor compliments a home that features unrivaled quality construction from its mechanicals to the impeccable artisan stone masonry and ironwork.
Chase and Donovan, who represent many lakefront homes, explain that with its private pier, sandy beach and buoys, this gated estate really has it all. According to these Lake Tahoe real estate experts, this caliber of property is very hard to come by.
“StoneGate is for a buyer who desires and appreciates attention to detail where no expense has been spared,” says Donovan, of Donovan Group of Chase International’s Incline Village office.
Acclaimed Tahoe builder John Brink believes “the quality of a home lives in the details” and nowhere is that more evident than in this five-bedroom, 10-bathroom estate that was completed in 2006.
“The owner hired and gave creative license to the team consisting of an extremely talented architect, Larry Henry, an award winning interior designer, Michael Smith, my lead project manager, Pete Dittle and myself to collaborate on the design and construction of his home,” Brink says. “It was a quality-driven project where we used only premium materials and left no design or construction detail to chance; the result being a truly extraordinary home that we are all very proud of.”
Like an exquisitely wrapped gift, the wrought-iron gated drive creates an enticing prelude of the detail and craftsmanship that lies ahead. Similarly, upon entering through the massive Alder doors, one’s line of sight is drawn to the end of the corridor, which connects the front of the residence to the primary living spaces and concludes with a dazzling view of Lake Tahoe. Natural flooring mined in Colorado, Jerusalem Gold Grand Granite and Southern Yellow reclaimed vertical pine and wrought iron are the residence’s signature design materials.
The 10,000 square foot home was aptly named StoneGate for its impressive exterior granite stonework. The main living area features a grand living room, formal dining room, gourmet kitchen and master wing, which includes the library.
With its sunlit lakeviews, 22-foot high-beamed ceilings and massive granite hearth, the grand living room epitomizes mountain elegance. Paned French doors provide access to the stone patio and barbeque. Adjoining the patio is a level landscaped lawn and garden. And best of all, a lovely private sandy Lake Tahoe beach is just a few steps down an adjacent stone path.
The gourmet kitchen showcases a 60-inch Wolf range with double ovens and a French country ceramic hood rising to the beamed ceiling. Perfect for entertaining, a butler’s pantry provides an additional prep area, wet bar and auxiliary refrigerators and freezer.
The richly appointed master wing offers a library complete with wood burning fireplace, plus a full bathroom. The master bedroom has high-beamed ceilings and picture windows that beacon the natural light and English garden views during daylight hours, and starlit skies by night. Encompassing a magnificent space, the master bath features Waterworks fixtures from London, a double steam shower and spa tub.
An impressive open winding stone staircase leads to the second floor lower living area, which includes three guest suites and a family room accessed on each side with French doors. Opening out to the backyard and close to the pier, a separate valet garage offers room for summer furniture, kayaks, and other Tahoe recreational gear.
The lower third floor level offers an exercise room with a full bath, cork flooring and windows with garden courtyard views. Also on this level, is a temperature controlled wine cellar with 1,200-bottle capacity. The upper third floor level features a private executive office with full bath and a peek of the lake as well as a staff or guest quarters with full bath, kitchen, den and sitting area.
And finally, two symmetrical double car garages with convenient built-ins flank the entry.
StoneGate is listed at $19,950,000 with Chase International. For more information or to arrange a private viewing of the property, contact Shari Chase at 775.588.6132; sharichase@chaseinternational.com or Donovan Group’s Kerry Donovan, at 775.750.2190; kdonovan@chaseinternational.com.
Lake Tahoe real estate: How to sell a $12.5 million home in Incline Village
By John Seelmeyer
Northern Nevada Business Weekly
RENO, Nev. — Every multi-million dollar house on the market, Megan Warren says, needs a story.
Maybe it’s a story about the role of the home in history. Or the part it played in a famous life.
So when the Donovan Group of Chase International sat down to begin developing the marketing plan for a 7,130-square-foot home in Incline Village that just hit the market with a $12.5 million price tag, one of the first jobs undertaken by Warren and Kerry Donovan, the co-listing agents, was development of the home’s story.
Built in 1999, the house at Lakeshore Boulevard and Highway 28 hasn’t been around long enough to carry tales of history or celebrity.
Instead, the Donovan Group built the story of the house around its builder — longtime Incline Village contractor Ira Rodman. The story of the house focuses on its design that takes advantage of an unusually shaped parcel along a private cove on Lake Tahoe. The story pays substantial attention, too, to Rodman’s craftsmanship in details ranging from hickory flooring to massive ceiling beams.
Equally important, Warren says, is the creation of a name for luxury properties on the market — “Secret Cove” in this case.
Preparation for the marketing of the home also includes creation of a portfolio of professional photography as well as the registration of a domain name, www.1169lakeshore.com, as a home for the photographs and marketing materials.
Getting that message into the right hands, however, can present a challenge.
“Our buyer could be 20 years old. Or 50. Or 70,” Warren says.
That dictates a strategy that includes everything from social messaging and text messages to traditional advertising in glossy magazines such as Premiere Homes.
The marketing plan also includes Realtor.com, the Web site that’s used by shoppers for $12.5 million luxury properties just as it’s used by shoppers for $150,000 starter homes.
“It generates tremendous traffic for us,” Warren says.
Public relations efforts by Truckee-based Switchback Communications also help carry the word. Last fall, press releases about another of Donovan’s listings at Lake Tahoe —the $34 million property known as Osprey Point — landed on the pages of both the Wall Street Journal and Architectural Digest.
Even with all the marketing efforts, Donovan says the process of selling a home priced above $10 million takes time to find a buyer whose heart and pocketbook match the property.
In fact, Warren says, Chase International tells sellers of properties priced at $10 million or more that they typically can wait two to four years to find a buyer.
After today we are moving forward into a New Year,yeah.For all of us it’s time to refocus and recharge whether it’s business or pleasure.
Let’s look at the brass tacks in the Incline Village real estate market in 2009:
89 homes sold in 2009 vs 85 in 2008 (per our mls)There might be secret listings which sold and are not disclosed .
Of those 89::
5 above $4 million vs 2 in 2008
20 $2million-$4m vs 9 in 2008
21 $1m-$2m vs 34 in 2008
14 $999k-$700k vs.27 in 2008
15 $500-$699k vs.9 in 2008
10 under $500k and 0 in 2008
What about condo’s and townhomes?
69 condo’s sold in 2009 vs 64 in 2008
The most significant change in 2009,was 50 condo’s sold for under $500kand 11 condos for under or at $200k.Some severe pricing roll backs and opportunities!
24 townhomes(freestanding condos)vs.49 in 2008,20 below $1m,Some excellent locations and pricing for quality living with out the maintenance.
Make your own conclusions,but there was a definite shift in who spent money in 2009.Loans were tough to get and jumbo’s near impossible.Appraisals,good luck.There is no more of getting the number you need.The comps including bank owned properties and short sale are included in comps.
Short sales were a reality along with bank owned properties at almost all price points.There are some great opportuniies here,even in the luxury segment,check out: www.996wedge.com New construction,fine finishes including 22′ ceilings in the great room,perfectly designed with a picturesque views from every window.
The Seller and bank are ready to move this property,call us for details.
Our forecast for 2010 is that inventory will remain conisistant with 2009,and buyer’s that are tired of waiting for the bottom,will realize that life is short,and if you want the lifestyle,and pristine beauty of Lake Tahoe in your life’s plan,,why wait?
Interest rates are still low, combined with a healthy real estate inventory at all price points.
What are you waiting for? Review year-end Lake Tahoe statistics below.
2009-end-year-stats_lt_fp
Take the time to enjoy every minute .Skiing at Diamond Peak Ski area,in Incline Village, Nevada,will boost your spirits and energize all who take the time to appreciate why we live here!
Year to date, 2009 had much more life across the Incline Village, Nevada,real estate market than 2008.There were and are many opportunities for buyer’s at all price points.It is more difficult for Seller’s who have not yet faced the truth, that what was for pricing a few years back ,is not coming back anytime soon.What you purchased your house for and the improvements that you invested in,may or may not make a difference to today’s buyer.Most of the seller’s that have accomplished selling their homes this year,have left their equity and improvements on the table for the buyer.
Many buyer’s have written many offers,and are satisfied for the most part of writing again ,until they find a seller who will match their needs.Many buyer’s are writing several offers at a time,with a clause to have final acceptance based on their review of all offer’s that they have submitted.
Where are the buyer’s…they are out there.Have you heard about the multiple, multiple, offers on the Ophir Peak home in 2009?
Or the multiple,multple,multiple, offers on the Lower Tyner home earlier this year,that came on as a bankowned property as $399k……with some interesting disclosures…..many buyer’s all waiting to pounce .
The new build on Chico Ct that sold for $701k,previously on the market at over $1.2m?
What about the 9000′ home on the golf course that sold for 50% off it’s original list price!(which was ridiculous)
We are not sure if the Incline market has hit the bottom,and we probably won’t know until demand overrides supply.If you are not having any showings in a given week,the buyer’s are sending you a message,they are not buying into your pricing.The buyer’s really do not care what you purchased your home for,but they all want to know,and can access very easily.
If you have refinanced and taken money out of your home,and spent it,that might be your only profit in today’s market you might have.Thinking that you are going to get a profit out of your current home,is getting tougher to accomplish. Why is this? Because the supply of buyer’s willing to step up and purchase in this market is not consistant with the supply of inventory at any price point.
89 single family homes have sold in 2009 to date,and 11 homes are in escrow.85 homes sold in 2008.If you want the breakdown call us,or send an email.
The good news(!),interest rates are still low,between 4.75- 6%. Inventory in the local market is at a low,hovering around 190 homes.Yes, there is snow on the ground,landscaping is covered,icy patches are every where and Winter has just begun.Inventory for homes in the Summer increases to around 260-298 homes,meaning alot more choices for the buyer and increased competition for your home.
If your house did not sell this year,and you really need to sell,call us,you need to now your options before you HAVE to sell.We are not miracle workers but we have successfully matched many buyer’s with opportunities this year,and assisted many of our sellers with offers,and the choice to get out,or hold out,or explore the options,some of which are the reality of the times,short sales and such.
Are you aware that a home in Millcreek closed for $375k a few months back?
Or that there have been several short sales in the $2-4m price point?
Or that www.996wedge.com now a bank approved short sale at $1.9m,was listed in 2008 for$3.6m?
Or that their have been a few bank owned sales in the lakeview subdivision,35%-45%,off purchase prices 3 years ago?
Seller’s like it or not your home DOES compete with these distressed short sale and bank owned properties.Why? Because psychologically buyer’s in today’s market want “the deal’.If you would like the statisitics on your neighborhood,best buys in Incline Village,or an updated list of the pre foreclosures,and bankowed properties,call us,we have it all.Our information is up todate and much easier to access by calling us ,than wasting your ski days trying to figure out what’s what.
Okay Seller’s you can hold out for what was,or now’s your chance to get the facts,and formulate a plan.Maybe you should wait 5-10 years,if you can…but the only guarentee we all have,is tha our precious Incline Village is built out.No more land to added,no tracks to be built…so our supply of housing in this most beautiful place IS finite.
So cheers to a new year and we look forward to working with you on you plan.
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