Reno Tahoe Real Estate News

Be Careful Who You Listen to . . .

I recently received an email from a client who purchased a vacation home a couple of years ago in Tahoe Donner.  My client was deeply concerned about his investment as he had heard from a “friend” that the inventory of homes in the Tahoe Donner area was “huge” with one in 3 homes for sale, lots of foreclosures, etc.

I quickly responded to him with the reality that there were actually only 125 homes currently listed in Tahoe Donner (of nearly 5500 in the subdivision) and there were 25 homes currently in escrow which would represent just a 5 month inventory of homes currently on the market.  As well, I mentioned that it is late in the winter, which can be one of the slowest times of the year in our market.

Once my client realized these “actual” statistics, he felt much better about his investment and was glad he had contacted me rather than believing his friend or watching the local or national news headlines.

This story illustrates that many people only take the time to read a couple of articles in the newspaper (or online), and watch the nightly news.  We should never lose sight of the fact that the media’s job is to sell newspapers and magazines and to get great ratings for their TV shows.  Their job is to grab our attention with sensationalized headlines.

Real estate is very localized and calling a real estate professional in your particular area of interest is the only way you will get an accurate portrayal of what is really going on.

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