Dickson Realty Truckee/Tahoe - October 2014 Newsletter

Dickson Realty – October 2014 Newsletter

Truckee | North Lake Tahoe

News You Can Use

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

Dickson Realty’s October 2014 Newsletter

Taking Care of Taxes at Close of Escrow

They are unavoidable, but they don’t have to be complicated. If you have questions, be sure to ask

your agent.


Dickson Realty’s October 2014 Newsletter Investigating you and finding you the Best Loan! A good lender is a high level financial investigation team. Below we have listed why they should ask so many questions and what they should look at to qualify you as a borrower.

Our goal is to make the process smooth for your purchase or refinance and get you the best loan for your situation (which can be as unique as your DNA). 1. Our first task is to ask you lots of questions about your goals 2. Gather crucial personal financial information about you 3. Proceed to find the program which works best for your current and long term home goals. 4. Search lender guidelines to make sure your situation fits the lender guidelines. There are over 35 items that go into determining a client’s ability to borrower. Three key components are Credit, Income and Down payment. Please call us on your specific situation but here are some more details on each:

Credit scores: 740 is the best and where we get best rates but we can do loans in many cases with credit scores as low as 620. Credit history: bankruptcy’s, short sales or foreclosures. BK’s we can usually do in 2 years depending on lender, short sales 3-4 years depending on program, foreclosures 3-5 years depending on program. Income:

You don’t have to have a job to get a loan but you do have to have steady income which usually will continue for at least three years. Some income sources we use to qualify borrowers are: W2 employment, self-employment, trust, corporate, social security, pensions, interest dividends, capital gains, rentals. There are probably a few more that I am not mentioning but we are very experienced at looking and qualifying all the various income sources.



Down payment: Many options are available so this is really something to call your lender about, but you absolutely in many cases, do not need 20% down. For example, just to name a few options: Veteran Loans (0% down), FHA loans (3.5% down), Conventional Loans (5% down payment) Second Home Loans (10% down) Please call us at 530-582-9992 or email us at [email protected] for more information or if we can answer any questions on your specific situation.



In our overall MLS, 2012 showed a median sales price of $385,000.



Lake Tahoe Single Family Homes



Truckee Single Family Homes



Homeownership Still Holds Promise for Nine in 10 Americans Source: DSNews.com A new survey shows the vast majority of Americans still regard homeownership as a "highly desirable goal," despite lingering effects of the housing crisis in the market. The results stem from the latest COUNTRY Financial Security Index® survey and overall it was found that Americans are feeling more optimistic, likely due to an improving economy and labor market. • The survey found that 89 percent of Americans feel that buying a home is an important part of achieving the American Dream. • Furthermore, 64 percent of respondents expressed belief that owning a home is an attainable goal for a typical middle-income family, a significant improvement over last year, when just 41 percent said the same. • There was a generational split on opinions regarding whether or not the goal of homeownership is achievable. Respondents among the ages of 30–39 and ages 50–64 were most likely to be negative in that regard, with 26 percent and 20 percent, respectively, saying owning a home is not an attainable goal for a middle-income family. • Among non-homeowners, a quarter of those under age 30 and a fifth of those ages 50–64 said they have no interest in owning a home. • For those who currently don’t own a home, financial limitations represent some of the biggest barriers to homeownership. Fourteen percent say a low credit score is the primary obstacle.



• Americans also cite a lack of a down payment (13 percent) and the price of homes in the area (12percent) as impediments to homeownership.

• More than half (56 percent) say their home is a long-term investment of 10 years or more to help fund retirement goals. Half of Americans also said they would avoid taking out a home equity loan unless absolutely necessary.

Read the full story at http://dsnews.com/news/09-16-2014/homeownership-still-holds-promise-nine-10-americans

http://dsnews.com/news/09-16-2014/homeownership-still-holds-promise-nine-10-americans



COURTESY KEYS We are happy to accommodate our clients by keeping courtesy keys in the office for use by vendors, or perhaps owners who forgot their keys if this is their vacation home in Truckee/Lake Tahoe. However, we take the responsibility of whom these courtesy keys are given out to very seriously. We require that owners call their Dickson agent to let them know if someone will be coming by to pick up their courtesy key, whether it’s for friends who will be using the home, or vendors who will be making repairs, etc. We will not give out keys to someone coming to the office to request a key for someone’s home unless the owner has called and given us instructions to leave the key out for a given person/company. Thank you for understanding.


Dickson Realty’s October 2014 Newsletter GOT INFO?

There might be no more unnerving experience than knowing something is amiss, but not knowing what is going on or having the full details. As an example, sometimes when smoke fills the Tahoe basin, we obviously grow concerned. Is it local? Should I be concerned about my family and home? Do I need to evacuate? These are questions for which you can now get immediate answers. A system is in place among local law enforcement and fire agencies nationwide where you can receive email and text messages from officials as news breaks. It’s called Nixle. Nixle’s mission is to enable secure communication channels between residents and local public safety agencies to create safer and more informed communities. A one time signup allows your local or out of area agencies to alert you as need arises. Not only is this perfect for primary homeowners, but it’s obviously a wonderful way to know what is going on in the area where you might have a vacation home. Whether its fire, flood, earthquake, highway closure or winter storm, it will set your mind at ease to know. Find out more here. For the current King Fire that is in our area, updated information can be found twice daily here and air quality in the region can be monitored here.

http://www.nixle.com/

http://inciweb.nwcg.gov/incident/4108/

http://aqicn.org/city/california/nevada/truckee-fire-station/



October 3 First Fridays Historic Downtown Truckee 5-8pm. Free. Most of downtown’s unique shops, boutiques, art studios, and eateries will keep their doors open later and offer special promotions, activities, demonstrations, food and beverages, music, and more! Participating shops and restaurants will display First Friday Flags so the public will know where the fun is. Information: www.historictruckee.com October 4 Western Heritage Festival 11am – 4pm. Free. Celebrate Nevada arts, culture and traditions through experiential learning. Enjoy demonstrations in basket-weaving, spinning, quilting and saddle-making. There will be cowboy poetry, live music and dancers, displays and children's activities. The main festival events will occur in the Lillard Railroad Park and on the sidewalks of Victorian Avenue, between 14th Street and Pyramid Way, in historic downtown Sparks. Information: www.westernheritagefestival.org

http://www.historictruckee.com/

http://www.westernheritagefestival.org/



October 4 & 5 RENO CELTIC CELEBRATION Bartley Ranch Regional Park. 10:00 AM - 5:00 PM Delight in Celtic activities and performances for all ages; including’ pipe bands, Scottish and Irish dancers, Celtic musicians, Highland games, Celtic critters at the animal village, kid’s games, food and drink and Celtic merchandise. Information: www.renoceltic.org October 4 & 5 Donner Party Hike Step back in time as you follow the paths of the emigrants. Through guided interpretive hikes, enjoy spectacular scenery while learning fascinating history of the region. Choose from five different hikes on Saturday. Hikes begin and end at Sugar Bowl Resort. In the afternoon, enjoy a hamburger lunch, fiddle music and an afternoon presentation by Mark McLaughlin who is an award-winning, nationally published author with a new book, Snowbound: Legendary Winters of the Tahoe-Sierra. Information: www.donnerpartyhike.com

http://www.renoceltic.org/

http://www.donnerpartyhike.com/



.

October 4 11th Annual Downtown Truckee Wine, Walk & Shop Noon – 4pm. $40 advance/$45 day of Don’t miss this iconic fall Truckee event. This year's guests will receive a commemorative wine glass to sample wine at 35 venues, five food tickets and a program with a map to all participating venues. This year’s non-profit partner/beneficiary is The Humane Society of Truckee-Tahoe. Information: www.TruckeeWineWalk.com 16 & 17 Historical Haunted Tour Historic Downtown Truckee 5-8pm. $40. Enjoy this creative fundraising event that celebrates local legends and history with highly entertaining and spooky twists. During the walking tour, small groups of residents and visitors are guided to interesting sites where they will be immersed in engaging tales performed by talented characters. The tour skillfully weaves together dramatic, downright haunting and laugh-out-loud funny stories inspired by times of yore. Information: www.truckeehistorytour.org

http://www.truckeewinewalk.com/

http://www.truckeehistorytour.org/



October 17 Paella Event w/ Chef Gerard Nebesky 6-9pm. $150pp D.W. Reynolds Building Incline Village, NV Chef Gerard Nebesky won “Throwdown with Bobby Flay” on national television. With giant paella pans, he will recreate his winning dish for you - including vegans. He will delight your taste buds while he demonstrates the preparation of this classic dish from Spain. Attendees will also receive a free gift to take home! A fundraiser for Project Mana. Information: www.projectmana.org/events October 19 Truckee River Day 9am-3pm. Various locations. Morning-restoration projects, afternoon River Fair. Fun, educational, Activities, food, music and more. Benefits wildlife habitat and water quality in the Truckee River Watershed. Information: www.truckeeriverwc.org

http://www.projectmana.org/events

http://www.truckeeriverwc.org/



.

October 24 Trick or Treat on Downtown Streets and Halloween Parade Bring the kids to downtown Truckee for safe trick or treating, costume contest, and Halloween Parade. Trick or Treat begins at 4:30pm. 5:15pm meet at Train Depot for Costume Contest for prizes (contest at 5:30pm). Start to gather for Halloween Parade at the Train Depot -- parade starts at 6pm sharp and will walk to the Community Center on Church Street. Information: www.historictruckee.com October 25 Sparks Food Truck Drive-In Victorian Square 5-9pm The Sparks Food Truck Drive-In is a unique dinner and movie experience in Victorian Square. Local food trucks and specialty vendors will be serving food and treats, followed by a free movie in the newly renovated amphitheater. Information: https://www.facebook.com/foodtruckdrivein

http://www.historictruckee.com/

https://www.facebook.com/foodtruckdrivein

Dickson Realty Truckee/Tahoe - October 2014 Newsletter

Documents

Transcript of Dickson Realty Truckee/Tahoe - October 2014 Newsletter