MARKET REPORT
The time period in each
study
is a comparison of sales YTD September 2017 when compared to sales YTD September
2016.
Residential sales represented are for all single family homes and condo/townhouse sales in each of the areas
. Statistics are sourced from the Tahoe Sierra Multiple Listing Service as of 9/30/2016 and 9/30/2017.
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On some matters compromise isn't recommended.
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Home Owner/ Hazard Insurance is Required
Homeowner's insurance provides coverage in the event your home is damaged or destroyed. In recent weeks, we have witnessed that unexpected catastrophes can happen in the blink of an eye.
When you are in a home buying contract, Banks and mortgage lenders require that a one (1) year policy for insurance is in place prior to the close of escrow. The client needs to provide enough hazard insurance to cover the amount of their mortgage. However, you should speak to your insurance agent to also ensure that your insurance policy covers the cost of rebuilding your property in the event of serious damage or destruction.
As a priority lenders will ask that when you go into contract to buy a home you contact an agent immediately to procure home insurance coverage. We help in this process by providing you with a list of qualified local insurance agencies. Prior to sending your loan package to the underwriting department, the lender will need an insurance quote. Problems can arise while getting insurance; not enough coverage is one scenario; or, a lender, once they look at area, can turn down a policy and this can cause a delay closing the sale.
We have been asked by clients recently if insurance is now going to be harder to get due to the recent fires in California. In response, we have contacted several insurance professionals that have informed us that it is address specific, which means it will depend on the property location. Please contact a qualified agent to either get a new home policy or to review your current policy. Again, if you need our list of recommended insurance agents please contact us.
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Earthquakes and Floods and Fires, oh my!!!
The best plan is the one you never have to use; the worst plan is not having a plan in a time of need. Disaster preparedness is important and every household should have one in place for the safety of all family members. For comprehensive emergency preparedness planning visit
www.ready.gov/myplan
. This informative site walks you through the creation of a plan for every eventuality that could come up in your time of need.
REMEMBER THE "5 P'S":
P
RIOR
P
LANNING
P
REVENTS
P
OOR
P
ERFORMANCE!
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October events
6 - First Friday at Five - Entrepreneurs' Round Table
The Lift - 12242 Business Park Drive, Suite 19,
Truckee
5-7pm; Free
First Friday at Five is a program of Tahoe Silicon Mountain for entrepreneurs and aspiring entrepreneurs. This is a round table event. Come ready to share what you've been working on, what you need help with and how you can help others in the group!
9 - Passport to Dining 
Tahoe Biltmore Hotel & Casino,
Crystal Bay, NV
6-9pm;
Advance tickets are $40; day of tickets $50 at 6pm on a first-come, first served basis.
Don't miss out on North Tahoe's most flavorful fundraiser
, benefiting North Tahoe Business Association (NTBA), a non-profit community benefit organization The popular event features up to 35 tasting stations including restaurants, caterers, breweries, and wineries as well as a raffle and a silent auction that features Northern California Getaway Packages and many valuable items. This year, NTBA will donate a portion of the net proceeds to
Project MANA
(
www.projectmana.org
)
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12 & 26 - The Old Streets of Truckee
Cottonwood Restaurant, 10142 Rue Hilltop, Truckee
Seating from
5-6pm; s
how starts at 6:30-8pm
$45 per person, includes dinner and the show.
Tax, gratuity and alcohol are not included.
Richard Blair presents the history of Truckee in the late 1800's through a musical and theatrical performance. Step back in time and join us for an unforgettable evening at the Cottonwood Dining Room.
Information:
530-587-5711
16 - Soroptishop 
Truckee
Community Recreation Center,
8924 Donner Pass Road,
Truckee
6-9pm; Free
Soroptishop is your special one-stop-shop to aid this annual charity event.
Local artisans: jewelry, clothing, custom woodworking, hand-woven & knit items, seasonal decor, bells and chimes, candles, mosaics, artwork, eco-friendly products....anything cool and hand-crafted.
24 & 25 - Warren Miller Movie
Olympic Village Conference Center,
Squaw
Valley
6:30
p.m. box office opens;
7:30 p.m. show starts
General Admission - tickets available at the door
The lineage of mountain lifestyle continues in Warren Miller's 68th full-length feature film, Line of Descent, presented by Volkswagen. This new movie filmed on location at Squaw Valley and narrated by Jonny Moseley will surely get you fired up for another exciting winter.
Locations
in Truckee, Northstar and Incline Village; Prices vary
SWEP's third annual environmental film festival, Tahoe Film Fest will present an important section of new and exciting environmental feature films that have been screened in various festivals throughout the world. Tahoe Film Fest brings a section of American Independent films and films from Latin America.
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