Truckee Real Estate - Money Market to Real Estate

Thinking of Moving Your Money From the Market to Real Estate? 

Now may be the time.  With overall markets losing on a daily basis, watching your portfolio dwindle can be frustrating to say the least.  It’s not your fault, you made good investments at the time, but with things changing so rapidly it’s a difficult situation to deal with. 

Is there a safer alternative to invest your monies? With real estate prices at all time lows, interest rates holding at the current lows, now may be the time to get out of the market and into real …

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Truckee Real Estate - Why Banks Reject Short Sales

Why Banks Reject Short Sales ~
Truckee Real Estate ~ Banks demand a overabundance of documentation before approving a short sale. Contrary to popular belief, sellers do not need to be in foreclosure or have fallen behind in making mortgage payments, for a short sale to occur. The most prevalent reasons banks turn down short sales offers:Short Sale Offer Price is Too Low Banks will request an appraisal, and may also order a broker price opinion. When the listing agent submits the short sale offer, the agent should also include a comparative market analysis that justifies the price …

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Truckee Real Estate Simple Facts

Truckee Real EstateSimple Facts to Consider When Contemplating a Home Purchase 

Historically Home Ownership Builds EquitySome folks might not have the self discipline to set aside money each month to save and invest. In this case, a home is more than a shelter; it acts as an automatic savings account. Savings can occur in two ways thru home ownership – Primary and Secondary: First, each month a portion of your payment goes toward the principal to build equity in your home. In the early years of the mortgage, most of your payment goes toward …

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Truckee Real Estate

Truckee Real Estate & Five Compelling Reasons to Get Your Sierra Lifestyle Now!Bonnie Jessee, ABR,
530 412 3984 

1. For the long term ~ It Will Beat LeasingIn recent years, the cost of buying a home in most markets has increased while the cost of renting remains flat. But it’s never a good idea to base long-term investment decisions on short-term conditions.When you buy a home with a fixed-rate mortgage, you can lock in a predictable monthly payment for 15 or 30 years. That means the largest part of your housing costs, principal and interest, …

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Truckee Real Estate - Mortgage Rates Fall

Mortgage Rates Fall to Lowest Level on RecordBonnie Jessee, ABR 530 412 3984 

Rates on 30-year mortgages fell to the lowest level on record for the second consecutive week after the Federal Reserve launched a new effort to assist the staggering
U.S. housing market.  

Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.78 percent this week, from 4.85 percent last week. It was the lowest in the history of Freddie Mac’s survey, which dates back to 1971. Rates are down by more than a full percentage point from …

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Truckee Real Estate

ON THE WATER AT
LAKE TAHOE AND

DONNER
LAKEBonnie Jessee, ABR Realtor
530 412 3984 

Yes, it is that awesome!  Clear depths that take your breath away, clean clear views to the surrounding mountains at either lake and for me in any case, even after decades, an incredible respect for the beauty. 

Boating on Lake Tahoe can be experienced in various fashions, depending on your preference.  There is of course power boating, waterskiing and jetskiing.  Starting in the 1800’s power boating became and has been a favorite of the visitors and residents alike!  Wooden boats which are called ‘woodies’ became very popular and …

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Truckee Real Estate Buyers Guide

Truckee Real Estate Buyers Guide
You are ready to purchase your dream vacation home.  It could be your first or second vacation home; and you insist on making it a wise investment property. It’s a very exciting time, but it’s also a very serious time. Given that a real estate investment will be the largest purchase most of us will ever make be certain you prepare properly.  Educate yourself by getting answers to these questions from your Professional!

Do I know how to get the best property at the best price?
Do I know a Realtor® experienced and knowledgeable in …

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Truckee Real Estate

Truckee Real Estate2009 Tax Credit InformationBonnie Jessee, ABR Realtor

530 412 3984

The Tax Credit is for home buyers (either spouse if filing jointly) who have not owned a principle residence during the three-year period prior to the purchase.  Ownership of vacation property or rental property does not disqualify home buyers from this program.
The maximum credit is $8,000 or 10% of the home purchase, whichever is less.
The credit is available for homes purchased on or after January 1, 2009 and before December 31, 2009. 
To qualify for the full tax credit, …

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Truckee Real Estate - Jumbo Loan Rates are Excellent

Lake Tahoe and
Truckee Real Estate NewsJumbo Loan Rates at Incredibly Low Pricing!Bonnie Jessee Realtor ABR
530 412 3984 

With all of the negative news we sometimes hear each day; it’s always good to hear something positive for a change, especially when it comes to real estate. 

 Bank of America is doing something that is completely opposite from what their competitors are doing. They recognize that our clients buying in the higher-end market are credit worthy and very good risks when it comes to a mortgage, so we are making sure our jumbo interest rates reflect that. While their competitors think our clients …

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Truckee Real Estate Home Inspections

Truckee
Lake Tahoe Real Estate  Bonnie Jessee, Realtor
530 412 3984I always recommend there should be at least two inspections on the home you want to purchase. The first should be your own basic inspection and the second should be a professional whole-house inspection by a reputable person. Typically I always recommend a third, formal pest inspection. An appraisal, which to some degree amounts to a “mini-inspection” might provide additional information Many home purchasers, either in the desire to save the $200 to $500 that a good inspection costs, or due to simple ignorance, have spent …

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