South Shore a buyers’ market for real estate
For individuals curious about the region’s real-estate market or who are interested in buying or selling a home, “Real Estate Seminar: How to Buy and Sell in Lake Tahoe” might be worth checking out.
“Down and dirty, here’s the data,” said Richard Bolen, describing the presentation during a visit to the Tribune office Tuesday.
Bolen is co-owner of the TheListingCompany.com with his brother, Gary Bolen.
They will be running the seminar, which will describe the market at the South Shore and give sellers, buyers and real-estate agents advice for buying and selling homes.
Richard Bolen said 65 percent of the South Shore housing market is made up of second-home owners. Most resort markets like Lake Tahoe have buyers who are overqualified financially.
The market is a buyers’ market, so people are looking for deals, he said. During 2007, approximately 373 houses sold in South Lake Tahoe and 73 houses sold in Stateline. People are buying, Bolen said.
The seminar also will offer a few marketing tips.
The Internet is becoming a crucial marketing tool for selling houses ” 80 percent of buyers search the Internet before contacting an agent, according to the National Association of Realtors.
Bolen said that’s an important fact sellers and agents should take into account when selling houses in the area.
The seminar will offer solutions and identify problems sellers have.
Sometimes the reason sellers have a hard time selling their house is because they are attached to a price. If a price is greater than the market can accommodate, then the house can’t sell.
Bolen said sellers sometimes price their homes at an old market price and not the current market price, which makes it difficult to sell.
This will be the first seminar this year. Bolen said they presented three last year.
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