In today’s South Lake Tahoe market, low inventory and increasing price points are a hot topic. Not just locally either, this is a conversation that is happening in many parts of the country. As a first time home buyer, there are other emotions, along with exciting, that you can feel. Frustration and feeling overwhelmed are a couple more. Here are a few tips on how to prepare for buying homes for sale in South Lake Tahoe without losing your mind.
- Get Pre-Approved for a Mortgage BEFORE You Do Anything Else
This is the best way a buyer can begin for a few reasons. One, you will know how much you can spend before you start touring homes for sale in South Lake Tahoe. This is great for a few reasons as it saves time and keeps you from falling in love with a home you cannot afford. Two, It shows sellers you are serious, which in a competitive market, is pretty priceless.
- Research the neighborhood you want to live in
This is super helpful as every neighborhood has its own charm. If you are looking for homes for sale in South Lake Tahoe and want them to be in town, close to the Lake but also near businesses, consider Bijou 1 &2, Al Tahoe, Highland Woods, Sierra Tahoe or Tahoe Keys. If you want homes for sale in South Lake Tahoe that are within 10 minutes of businesses but off the beaten path and surrounded by trees, consider anything along Pioneer Trail like Black Bart, Country Club Estates, Montgomery Estates or Meyers. Your South Lake Tahoe Realtor will be able to show you all the homes in the neighborhoods you want that match your budget and your needs. Speaking of…..
- Know Your ‘Must-Haves’ and ‘Wants’
The modern farm house trend is cute and all, but if it doesn’t have the amount of beds you want or is too far away or is *cough cough* too expensive, keep it moving. Create a list so you know what your deal breakers are and what would be a nice bonus. ‘Must Haves’ consist of size, bedrooms, area and price. ‘Wants’ are things that would be nice to have right now, but aren’t necessary and can be added over time.
- Document Your Home Visits
Once you start touring South Lake Tahoe Real Estate, things may start feeling overwhelming and the houses may begin to blur together. If you have your trusty list out (as mentioned) above, you can start keeping track of how the properties measure up. Your South Lake Tahoe Realtor will usually have a MLS print out of each home. Use the back as a way to take notes and then when you are at home and relaxed, you can go through and figure out which houses you really loved and which houses you know are not a match for you.
Your South Lake Tahoe Realtor will be a great resource throughout this process. Feel free to ask questions, ask for ideas and take their advice. If you need more information on buying in the area, give us a call. One of our Realtors would be happy to help!