5 Rules to Buying a Home in South Lake Tahoe
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I read a recent article which contained five new rules for home buyers. These rules apply to South Lake Tahoe Home buyers as well.
1). It has been said and it is true: You can’t time the bottom of the market. Resist it is harder than you think. This is the best time to buy in the last two decades. Find the home you are looking for and negotiate.
2) Mortgage rates will go up. Inflation remains a concern and that typically means rates will go up. Plenty of houses on the market in South Lake Tahoe and if you wait barrowing money is going to get more expensive.
3) A new law has allowed Freddie Mac and Fannie Mae to buy jumbo conforming loans making less expensive.
4) Don’t buy cheap, buy good schools really doesn’t apply to South Lake Tahoe properties. South Lake Tahoe really doesn’t have bad neighborhoods or clusters of foreclosures and with one high school and middle school the only boarders are for elementary schools and they are all good.
5) Pick the right agent. This basically means with extra incentives being offered by sellers make sure your agent has your best interest in mind and not their commission. The L&S team of Fred Loetscher and Chuck Stanley know this and work with your best interest in mind when buying a home in South Lake Tahoe and Nevada.
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