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W I N T E R   I N   T A H O E 

 A Note From Team Tahoe’s Kirstin and Pilar 

Market Update By Kirstin and Pilar

It has been a historic couple of weeks in Truckee and Tahoe. As residents are busy shoveling their roofs, boarding windows, and skiing some amazing powder… a new storm system is approaching.
Please use caution when traveling, and reach out to us if we can help in any way!

On brighter news: The Martis Fund has been replenished AND can be layered with the Truckee Home Access Program or the Workforce Housing Preservation Program. 

This means you could qualify for up to $100,000 from Martis Fund AND $150,000 through THAP. Note: to qualify for Martis Fund and THAP, your household must be under 180% AMI.

Sellers. Keep in mind this is still a much better time to be a seller than in 2019 (which seemed like a very healthy market then). You can expect a similar amount of time on the market but much higher sales prices.

Buyers. Keep in mind this is the most balanced market we have seen in the last three years.  You now have the following things working in your favor:
The ability to negotiate price is back.
The ability to inspect a property and have expected contingencies is back.
The ability to negotiate repairs is back.

Yes, interest rates are climbing, but if they continue, you will be glad you are locked in now.  If/when they reverse course, you can refinance to take advantage.

Investors It’s been a tumultuous few days for banks since the Silicon Valley Bank collapse. Many customers are wondering if their money is safe.

The US government insures the first $250,000 in eligible accounts, which means that the mayority of consumers will not be affected.

The collapse is a good reminder to be aware of where your money is held and not to have it all in one place. Real Estate is, historically, an excellent investment option. 

Please feel free to call or email us today to find out more.  In today’s complex market, expert analysis is critical.