Get Ready To Buy In 2009..

Looking back on 2008 the housing market was a mix of short sales, foreclosures, and loan modifications. Home values fell dramatically in many areas. Housing starts stopped and inventories of both new and existing homes grew at a rate beyond comprehension.

Second home communities such as Incline Village and the Lake Tahoe Basin are not exempt from the struggling housing market. Foreclosures, short sales, and growing inventories also plague the serene landscape of the Sierra Nevada’s.

Sellers are not happy however; there are great deals to be had. For qualified buyers the silver lining is, if you are looking to buy that dream Lake Tahoe vacation home, 2009 could be the best year yet to close a deal.

Here are some basic steps to consider prior to the purchase of any real estate investment:

1. Get your credit and finances in order
2. Know how much you can afford to spend before searching for a home
3. Have a through knowledge of the area before you buy there
4. Select a qualified real estate agent from a reputable firm

The current available inventory for Incline Village stands at:

221 Residential

147 Condo’s

51 Freestanding PUD’s