Great Golf Deal Next Week
May 29, 2009
Get out and golf! Northstar is offering 18 holes for only $39 next week as part of customer appreciation days. Advances tee times are required. Offer is good June 1st-4th and June 8th-11th. Call the pro shop at 530-562-3290 for reservations.
GREAT DEAL ON LAKE TAHOE - Tonopalo Home #14 Listed for only $235,000!
May 28, 2009
This is the best value that Tonopalo has ever seen and probably one of the best ON Lake Tahoe. $235,000 for this 3 bedroom/3.5 bath home within steps to the pool and the beach. Enjoy all the amenities that Tonopalo has to offer including pier, buoys, pool, hot tub, fitness facility, owners, clubhouse, and a 26 ft Formula speedboat!
This 1/7th share guarantees 6 weeks of usage per year with unlimited use of Space Available time.
Call Jamie for more information
Direct 530.798.1393
jschou@kw.com
All Lake Tahoe/Truckee Area Foreclosure and Short Sale Listings Now Available (Updated Daily!)
May 28, 2009
You may have already noticed the new headline of the navigation bar “Foreclosuree and Short Sale Listings”. Here you will find up to date listings of both short sales and bank owned properties on the market in Tahoe and Truckee. There are some great buying opportunities out there!
Here is the quick link to the page. Please let me know if there is anything else I can help you with.
Jamie
Direct 530.798.1393
jschou@kw.com
Opening Day on Lake Tahoe!
May 21, 2009
It looks like it’s going to be a wonderful weekend at Lake Tahoe!
The west shore will host it’s third annual “Opening Day at the Lake” this weekend with a variety of events including deck opening parties, seaplane displays and fly-bys, and live music. For a complete schedule of events visit http://www.tahoewestshoreassoc.com/. I would recommend trying to get down to homewood on Monday to see the seaplanes. Find out more about the “seaplane splash-in” at http://www.mikebrown-splashin.org/.
Get up here!
Jamie Schou
cell- 530.798.1393
jschou@kw.com
8K First Time Homebuyer Tax Credit Can Now be Used Towards Down Payment
May 18, 2009
The new tax credit can be used as a down payment now as apposed to waiting unitl tax time to get your credit from the government. Details about this are still a little scetchy, but will hopefully become clearer in the coming days.
Daily Real Estate News | May 12, 2009 | 
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Big Improvement to First-Time Buyer Tax Credit
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.
Previously, most buyers wouldn’t receive the funds until after they filed their tax return, and that deterred some people from using the credit. The NATIONAL ASSOCIATION OF REALTORS® has been calling for the change.
“We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan says. His remarks came in an address to several thousand REALTORS® gathered Tuesday morning at “The Real Estate Summit: Advancing the U.S. Economy,” at the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, D.C..
He says FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.
HOT BUY - Home #9 at Tonopalo Price Reduced to $289,000
May 18, 2009
This is a screaming deal for one of Tonopalo’s best, a 3 bedroom home with a den just steps from the pool and beach. Make an offer today!
Visit www.tonopalosales.com for more information about the property.
Jamie Schou
Cell - 530.798.1393
jschou@kw.com
Low Lake Tahoe Water Level Closes Two North Shore Boat Ramps
May 14, 2009
With Summer almost here the North Lake Tahoe Public Utility District is announcing the closure of two North Lake boat ramps due to the low level of the lake. With the runoff forecasts only predicting another foot of rise in the lake level it has been determined that the ramps at Coon St in Kings Beach and at National Ave in Tahoe Vista will be unusable by boaters this summer. Boater will be redirected to the Sand Harbor and Lake Forest boat ramps.
View the complete story by the Sierra Sun HERE.
Jamie Schou
cell - 530.798.1393
jschou@kw.com
Truckee Tahoe Golf Update
May 12, 2009
With temps forecast to be in the 70s this weekend its time to start thinking golf! Here is an update with 2009 scheduled openings and deals.
Brockway Golf Course (Kings Beach) - Open for the Season
Ponderosa Golf Course (Truckee) - Open for the Season
Whitehawk Golf Course (Clio 45 min north of Truckee) - Open for the Season
Tahoe City Golf Course (Tahoe City) - Open for he Season
Northstar Golf Course - Driving range open May 15th, Course to open May 22nd
Old Greenwood (Truckee) - Open May 15th
Coyote Moon (Truckee) - Open May 22nd
Tahoe Donner (Truckee) - Open May 22nd
Whitehawk is currently offering all you can play for $95 and Tahoe city is offering play for as little as $25. Please call golf courses for more info.
Jamie Schou
cell - 530.798.1393
jschou@kw.com
Making Sense of the 2009 First Time Homebuyer Tax Credit
May 12, 2009
Bringing the Dream of Homeownership Within Reach
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers.Here is more information about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.
Who Qualifies?
First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009.
To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.
Which Properties Are Eligible?
The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.
How Much Will the Credit Be?
The maximum allowable credit for home buyers is $8,000. Each home buyer’s tax credit is determined by two factors:
The price of the home-the credit is equal to 10% of the purchase price of the home, up to $8,000.
The buyer’s income-single buyers with incomes up to $75,000 and married couples with incomes up to $150,000-may receive the maximum tax credit.
If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.
The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income-over $95,000 for singles and over $170,000 for couples are not eligible for the credit.
Will the Tax Credit Need to Be Repaid?
No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.
Article Courtesy of the National Association of Realtors.
For More information contact Jamie Schou
Cell - 530.798.1393
jschou@kw.com
Obama’s HARP Refinance Program Coming Mid-May?
May 11, 2009
My loan officer told me to expect to hear more details about the HARP loan program by mid-may. They are expecting the program to be rolled out then. We’ll see?….
Obama’s Harp Refi program is supposed to be offering refinancing at 105% LTV in order to keep upside down homeowners in their home. Contact me for more information and I will happily recommend a qualified mortgage broker.
Jamie Schou
cell - 530.798.1393
jschou@kw.com
