Four Steps-Lake Tahoe Real Estate Sales, Lake Properties Real Estate Sales

Four Steps to Lake Tahoe Vacation Home Ownership

STEP 1:
Choose. We must look at how you intend to use your home. If like most owners, your personal usage is limited to less than 2 months, therefore, it is important to purchase a vacation rental home that meets the specific demands of the majority of renters, so that you can derive the maximum income. Certain features such as having a hot tub, being remodeled and furnished correctly, and be at least a new 3-bedroom/2 bath or larger provides rental advantages. What size home will meet your needs? Certainly, affordability and budget can assist in determining our recommendations.
STEP 2:
Pre-qualify. You will need to be pre-qualified for a mortgage so that we will know the parameters (if any) of the financial commitment available (to pre-qualify at no charge click on the following link for quick loan pre-qualification). A pre-qualification is only good for 30 days; so try to time your application to still be in effect when you make your trip to the Lake Tahoe area. Also consider the fact that the more money that you plan to put down as a deposit, the better off you are when it comes to lessening your monthly debt obligation.
STEP 3:
Management. You will want to know more about our vacation rental management practices, management agreement, policies, procedures and furnishing requirements. Your Lake Village Resort, Lake Properties agent will provide you with all the pertinent information that will allow you to make a well thought out decision on who is best suited to be responsible for your homes upkeep and income generation.
STEP 4:
Purchase. Naturally, we suggest purchasing your home as soon as possible. It is currently a sellers market for income producing vacation homes because there are an excess of buyers for the number of homes actually for sale, especially in Lake Village and other Lake areas of Nevada. High demand translates into appreciating home prices. Interest rates are also a positive ingredient to excellent timing. Don't wait for the prices and interest rates to go up. Plan your vacation home purchase now. Let us know how we can help.