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Ken Cash, Lake Tahoe: Lake Front Homes, Luxury homes, Condominiums, Second Homes

INCLINE VILLAGE-CRYSTAL BAY NV SHORT SALE - REO 3-11-12

On the short sale list, we have 6 new listings, 1 back on market, 3 price reductions, 4 new escrows and 1 sold. The listing at 640 Tumbleweed listed at $479,000 sold 03/01/2012 For $485,000.

On the REO list, we have 2 new escrows, 1 price reduction and 1 sold. The condominium at 335 Ski Way #302 listed at $166,500 sold for $160,000 03/07/2012.

MLS and company records indicate that this is our best start in 5 years! We’re seeing numerous Multiple Offers and even Back-Up Offers.

Denise Cash 775.691.3844 Ken Cash 775.691.3855

DeniseCash@TahoeLiving.com KenCash@TahoeLiving.com

www.TahoeLiving.com

Incline Village Condominium/PUD Short Sale Listings

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940064 870 Southwood 3 $119,000 P 2 1 ½ N 1040

940104 945 Harold Dr. 1 $125,000 A 2 1 N 782

939687 989 Tahoe Blvd. 64 $145,000 P 3 2 N 1649

120002654 801 Northwood 3 $150,000 A 3 2 ½ N 1344

940182 801 Northwood 3 $165,000 A 2 1 ½ CP 960

939903 333 Ski Way 257 $175,000 A 1 2 CP 1062

938877 989 Tahoe Blvd. 67 $179,000 A 3 2 N 1649

940153 599 Crest Lane 33 $179,000 A 2 2 N 1120

110008157 845 Southwood 61 $179,000 A 3 2 ½ N 1332

939628 321 Ski Way 3 $185,000 A 3 2 ½ N 1280

940019 837 Southwood 24 $185,900 P 3 2 N 1332

940132 702 College 82 $199,900 A 3 2 N 1120

940266 908 Harold 23 $245,000 P 2 2 2 1452

940333 144 Village 96 $279,000 A 1 1 1 797

940204 1312 St Galen $295,000 P 3 2 ½ N 1688

940122 978 Glenrock 52 $297,700 A 3 2 ½ N 1440

940345 759 Mays Blvd. 29 $300,000 A 3 3 ½ 2 1620

940058 998 Driver 5 $328,000 A 2 2 N 1499

940237 4 Calaneva Dr 11 $349,000 A 2 2 ½ 1 1435

937825 1208 Styria $375,000 P 3 2 N 1568

940337 939 incline Way 201 $399,000 A 2 2 1 1111

940057 931 Incline Way 234 $425,000 P 2 2 1 1089

940168 853 McCourry $469,000 A 3 3 ½ 2 1951

937846 978 Glenrock 59 $510,000 A 3 2 ½ N 1596

120001759 803 Rosewood Cir $825,000 A 4 3 ½ 2 2714

Incline Village Single Family Home Short Sale Listings

939893 573 Sugarpine Dr $361,309 P 3 2 ½ 1 1582

939701 422 Valerie $375,000 P 3 2 N 1392

940097 940 Wendy Lane $419,000 A 4 3 2 2480

940223 984 Tyner Way $424,900 P 4 2 ½ 2 2036

939996 572 Lucille Dr $449,000 A 3 2 2 1688

The above list is accurate as of March 9, 2012 as reflected in the Northern Nevada Regional

and Incline Village Multiple Listing Services. Prices & availability are subject to frequent change.

Denise Cash 775.691.3844 Ken Cash 775.691.3855

DeniseCash@TahoeLiving.com KenCash@TahoeLiving.com

www.TahoeLiving.com

Incline Village Single Family Home Short Sale Listings

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940156 382 Country Club $459,000 P 3 2 1 1596

940171 631 Village $470,000 A 4 2 2 1912

940221 550 N. Dyer Circle $479,000 P 3 2 2 2116

940205 327 Winding Way $499,000 P 3 2 ½ 3 2677

940225 632 Woodridge $549,000 P 4 3 2 1864

940251 338 2nd Creek $575,000 P 3 3 2 4000

940217 466 Winding Way $620,000 P 3 3 ½ 3 2802

110011033 522 McDonald Dr $644,900 P 4 4 ½ 2 3282

940299 985 3rd Green Court $655,000 P 3 2 ½ 2 1864

940279 732 Betty $675,000 A 3 2 2 1682

940350 981 Driver Way $719,000 A 4 3 ½ 2 2561

940311 1057 Mill Creek Road $739,000 P 4 3 ½ 3 2430

940347 635 Alpine View $950,000 A 4 3 ½ 2 2704

939781 519 Ponderosa $1,349,000 P 6 5 ½ 3 5517

940323 836 Lakeshore $1,495,000 A 4 4 2 3489

940113 550 Fairview $1,849,000 P 4 5 ½ 2 6746

940077 689 Tyner Way $1,999,000 A 6 7 ½ 3 6146

70020699 250 Northlake $3,500,000 P 4 3 ½ 2 3039

Incline Village REO Condominiums/Townhomes

MLS# Address Unit List Price Status Bed Bath Gar SqFt

940307 820 Oriole Way 51 $224,900 P 3 2 ½ 2 1440

110016028 700 College 35 $225,900 P 3 2 N 1120

110015366 120 Country Club 12 $314,900 P 2 2 ½ N 2208

120001685 875 Southwood 17 $329,900 A 2 2 ½ 1 1564

Incline Village REO Homes

940164 910 Harold Dr. “C” $250,000 P 3 2 ½ 2 1576

120001293 658 Tumbleweed $549,900 A 4 2 ½ 2 2912

The above list is accurate as of March 9, 2012 as reflected in the Northern Nevada Regional

and Incline Village Multiple Listing Services. Prices & availability are subject to frequent change.

Go Big on Glass Walls

Homeowners Go Big on Glass Walls

Forget about a room with a view. Today, homeowners want views from every room. As large expanses of glass have become architecturally acceptable for modern and traditional homes, new technology is making living in a fishbowl more practical—albeit sometimes challenging.

Anita and Bob Dethlefs wanted their new Portland, Ore. home they were building to really let the sunshine in. So, the couple installed 2,700 square feet of Marvin windows—about $300,000 worth—on nearly every wall of the property.

And then they put up 12 security cameras.

Their 13,000-square-foot, $5 million Frank Lloyd Wright-inspired home even has a glass front door, letting visitors on the front stoop see through the family’s living room out to Mount Hood.

Homes That Let the Sun Shine In

The Dethlefs’ home has about $300,000 worth of windows to let in as much light as possible and help with the ‘gray sky’ malaise Ms. Dethlefs says she gets living in the Pacific Northwest.

Homeowners’ desire for more open floor plans with combined kitchen and living-room spaces has paved the way structurally for bigger spreads of glass. Homeowners want more light and bigger windows to take advantage of views.

Today, thanks to technological advances, nearly all windows installed in new homes have special, invisible coatings that block heat and keep ultraviolet rays from fading furniture. Many also use double or triple-panes with argon or krypton gas sandwiched in between, which helps insulate in cold climates. Now standard on Andersen Windows glass: a titanium dioxide coating the company says sheds dirt and virtually eliminates water spots. Some glass makers are even marketing windows for residences that can tint and untint with the push of a button.

And for those put off by the prospect of raising and lowering so many blinds, companies such as Lutron Electronics sell window shades that can be controlled with an iPhone app.

Beyond privacy and safety—Ms. Dethlefs’s chief worries—there are maintenance issues, such as how to keep so much glass spotless. (The couple pays $850 to $950 for professional cleaning at least three times a year.) And despite technological improvements, glass still doesn’t typically insulate as well as a wall packed with insulation.

Then there is the bird problem: Anywhere from 100 million to 1 billion are killed in window collisions every year, according to the U.S. Fish and Wildlife Service.

While manufacturers say overall window sales have slowed amid a sluggish new-house market, the companies say they are seeing more and larger windows going into new homes.

In modern homes, “they are filling space between floor and ceiling with as much glass as they can,” says Jay Sandgren, an architectural representative for Andersen. He says builders are being “a lot smarter” about positioning a home and the roof overhang to capture the most sunlight in winter and to block much of the heat from the sun in summer.

Building with glass isn’t cheap. The price is about double the cost of installing regular walls packed with insulation. A 4,800-square-foot home completed last year has $85,000 worth of Andersen glass, giving a 240-degree view of three mountain ranges and the Missouri River. Even the deck railings are glass panels.

Tempered safety glass is installed according to local building codes in areas of homes where breakage might be of particular concern, such as windows and doors close to the floor or near a stairway or landing. Glass can sometimes attract vandals in the construction phase, a headache for builders. But breakage for homeowners is rarely a problem. Builders cautions that people mowing the lawn should look out for rocks that the mower can kick out to crack a pane.

Architect Thomas Roszak took the fishbowl aesthetic to the extreme in his own Northfield, Ill. home, which features commercial curtain-wall glass around the entire building. The walls are constructed from two argon-filled glass panes covered with what’s called low-emissivity, or “low-e,” metallic coating to block heat flow through the window, keeping the home cooler in the summer and warmer in winter.

With little traditional wall space, art is suspended in front of windows from a floor-to-ceiling, museum-type wire hanging system. For privacy, Roszak planted trees around his one-acre property and installed $60,000 worth of electronically operated blinds.

Glass homeowners must be mindful of clutter, since the view goes both ways. When Beata and Brad Peters built their 3,900-square-foot brick home in Hawthorn Woods, Ill., they incorporated large panels of glass symmetrically throughout. While most windows have wood blinds, the family tends to leave them open for aesthetics.

Window-treatment companies are pushing to make shade operation less of a chore. Rotterdam-based Hunter Douglas this spring added a “Solar Energy Sensor” that raises and lowers blinds based on the amount of sun detected. Despite the slump in the housing market, the company’s North American sales rose almost 5% last year. An electronically controlled Lutron shade sells for about $900 more than manual ones and can be controlled via remote control or an app for Apple Inc. or Android devices.

Some glass companies now make windows that reduce the need for blinds altogether. One is Sage Electrochromics Inc. of Faribault, Minn., whose product consists of clear panes that morph to a grayish-blue tint when a user flips a switch to send a low-voltage current across the window. The tint reduces glare and heat but not visibility. Sage began selling the glass for residential applications around 2005, though they are typically found in high-end homes due to cost. An installed window costs between one-and-a-half to two times as much as one with typical low-e glass.

“If you’re on the West Coast facing the ocean when the sun is beating on the glass, what people do is pull their blinds and shades to block the glare,” says Helen Sanders, Sage’s vice president of technical business development. “What that means is you’ve just lost your view you paid a huge amount of money for.”

Source: Wall Street Journal

Where should our kids go to school in Lake Tahoe Nv??

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Greetings Realtors!

Have you ever heard the question...
"We'dlove to move to Tahoe
but where would our kids go to school ?"
Lake Tahoe School is the answer.

Lake Tahoe School is the only fully licensed and accredited
independent school in the greater Tahoe Basin.

We offer the most varied, balanced, innovative, and academically
sound PreK-8th curriculum available to parents in the area.

Your out-of-state and Bay-area prospective buyers will be comforted in the knowledge that moving to Tahoe does not mean sacrificing an exceptional education for their children.


WE INVITE YOU TO JOIN US
for the 2012 Crystal Ball.

An evening of dinner, silent & live auctions,
and dancing to benefit the Lake Tahoe School.

Saturday, May 19, 2012
Five o’clock until midnight
-at-
The Hyatt Regency Lake Tahoe

For tickets or more information visit:
LakeTahoeSchool.org
-or-
call (775) 831-5828

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ICE TEA OR LEMONADE?? THAT IS THE QUESTION...

My inclination is to pull up a deck chair, put my legs up, put a lemonade on the table, and watch with pleasure as the reality of the next monthly economic report plays upon the real estate market, the credit markets and international markets. I expect a fair amount of chatter about how, yes, we really are moving into apparent recovery and, yes, it's a good time to enter this marketplace aggressively.

This will not silence the doomsters, of course. For reasons pretty well known, and because of a determined expectation that the markets will turn and slide into another crunch, there are plenty of analysts willing to offer an intimidating pooh-pooh to the good news the markets are likely to bring us on Friday and before. We shouldn't be dissuaded. Good news is good news and, as Marty Zweig was famous for saying, "Don't argue with the tape." In other words, don't try to deny reality.

Not many indicators for now that will support or challenge the jobs figures, so we'll all have time to digest what we see while sipping something. Enjoy!

CAN SOMEONE DEDUCT LOSSES ON INVESTMENT PROPERTY?

Can I Deduct Losses on Investment Property?

This question came up recently in a conversation. So I started asking CPA's who answered the question and sent me to the IRS website. What I found follows.

The general rule is that you can’t deduct a loss on the sale of your personal residence. If the house is “an asset that was purchased for investment purposes only, with the intention of incurring a profit and not used for personal purposes, then the loss would be deductible as a capital loss,” says Brittney Saks, who heads the U.S. Personal Financial Services Practice at PricewaterhouseCoopers.

Here is how those capital-loss rules typically work: •You can use your capital losses to offset your capital gains on a dollar-for-dollar basis. •If your losses exceed your gains, or if you don’t have any gains at all, then you can use your net loss to soak up as much as $3,000 a year ($1,500 if you’re married and filing separately from your spouse) of your wages and other ordinary income. Additional losses are carried over into future years. However, Ms. Saks points out that the taxpayer has the burden of proof to show the intention and correct classification of the property.

For more details, see the Internal Revenue Service website, and type “capital gains and losses” in the search box. That's where I went for the answer on advice from my CPA.