Open Houses Saturday December 14th, 2013

970 Granite Mountain $534,900970 Granite Mountain Open Sat 11am-1pmTahoe Mountain area finds this custom newer construction modern mountain home. Furnished turn key 3bdrm plus family rm (or 4th bdrm) 2.5 ba. Nearly 2,300 sq ft. split level hosts fabulous views of the sierras set on nearly a .25 acre sun drenched south facing parcel. Master set with walk in closet. Custom kitchen.  Hosted by Wally Johnson  709 Tata $259,000709 Tata Open Sat Noon-2pmTurn key, charming 2 bedroom roomy cottage with … [Read more...]

California Distressed Home Sellers Not Liable for Federal, State Income Tax on Short Sales

Courtesy of www.car.orgC.A.R. announced today it received a letter from the California Franchise Tax Board (FTB), obtained by Board of Equalization (BOE) member George Runner, clarifying that California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness "phantom income" they never received in a short sale.   Last month, in a letter to California Sen. Barbara Boxer, the Internal Revenue Service (IRS) recognized that the debt written … [Read more...]

Tahoe Ski Resorts Open: Click here for Snow Conditions!

Tahoe Ski Resorts Open: Click here for Snow Conditions! … [Read more...]

Open House Saturday November 30th

1138 Golden Bear $574,900 1138 Golden Bear OpenSaturday 1:30pm-3:30pm This Montgomery Estates neighborhood is host to our spacious & sunny 4 bdrm., 2.5 Ba., Tahoe style contemporary home comprised of 2,662 sq ft. Along with oversized 2 car garage & the .18 acre fully fenced, landscaped grounds, comes a warm, welcoming feel when you walk in the door of this custom split level 2002 beauty. Hosted by Wally Johnson … [Read more...]

Realtor.com Issues Winter Home Buyer Report

Realtor.com Issues Winter Home Buyer Report Twenty-nine percent of all-cash home buyers planning a purchase in the next four months are downsizers SAN JOSE, Calif., Nov. 20, 2013 /PRNewswire/ -- Today, realtor.com(R), the leader in online real estate, operated by Move, Inc. (NASDAQ: MOVE), released the results of its Winter Home Buyer Report, which ran on realtor.com(R) from Nov. 7-16 and explored sentiments of home buyers looking to buy a house during the winter months. Biggest Challenges … [Read more...]

Open Houses Saturday November 23rd, 2013

1138 Golden Bear $574,9001138 Golden Bear Open Sat. 10am-NoonThis Montgomery Estates neighborhood is host to our spacious & sunny 4 bdrm., 2.5 Ba., Tahoe style contemporary home comprised of 2,662 sq ft. Along with oversized 2 car garage & the .18 acre fully fenced, landscaped grounds, comes a warm, welcoming feel when you walk in the door of this custom split level 2002 beauty.  Hosted by Ellen Camacho 1028 Shepherds $335,0001028 Shepherds Open Sat 11am-1pmTwo homes on one lot-darling … [Read more...]

South Tahoe Single Family Residence Median Home Price Stats

South Tahoe Single Family Residence Median Home Price Stats Jul-13  $292,000  Up 23.5% Year Over Year Aug-13 $309,000  Up 32.1% Year Over Year Sep-13 $312,000  Up 31.4% Year Over Year Oct-13 $320,000  Up 33.6% Year Over Year Courtesy of staor.org … [Read more...]

Open Houses Saturday November 16, 2013

1080 Dedi $249,0001080 Dedi Open Saturday 10am-NoonNeed income to offset your mortgage payment? Don't miss this updated single family home with separate guest cottage! New double pane vinyl windows, new roof, new deck, new carpet, tile and laminate flooring, new interior and exterior paint and granite counters in the kitchen and some new appliances. Rent both, and live in one and rent the other! Hosted by Michelle Cutting    174 Tahoma Unit B $449,900174 Tahoma Unit B OpenSaturday 10am-NoonHere … [Read more...]

New Rules for 1031 Exchanges

New Rules for 1031 ExchangesNew 1030 Tax Exchange Filing Requirements for CaliforniaThere are new annual filing requirements for taxpayers who use Internal Revenue Code (IRC) Section 1031 to defer gain or loss when selling California property. Assembly Bill 92 (AB 92) added California Revenue and Taxation Code Sections 18032 and 24953 creating new annual filing requirements for taxpayers who exchange California relinquished properties for like-kind, non-California replacement properties under … [Read more...]

Annual Housing Market Survey results

Annual Housing Market Survey resultsHeightened market conditions fuel more multiple offers and higher selling priceLOS ANGELES (Oct. 30) – More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Annual Housing Market Survey.”Nearly half (49.5 percent) of all homes sold in 2013 were sold above asking price, nearly twice the share … [Read more...]