Category Archives: Blog

Night of Lights

Don’t miss Mammoth Mountain’s Night of Lights, this Saturday, December 14th! The Night of Lights will kick off the holiday season at Mammoth Mountain with a winter lights show! View this spectacular light show against the regal backdrop of the ski slopes. Guests of all ages are invited to ride the complimentary Village Gondola to Canyon Lodge to enjoy a fun-filled night complete with a firework show and a torchlight parade.

Visit the official Mammoth Mountain website for additional information, event times, or to book a special rooftop viewing area to enjoy this one-of-a-kind festive event. This event is sure to be an amazing time for the whole family!

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Photo by Levi Ventura on Unsplash

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Help! My House is Under Contract but my New Home Isn’t Ready

When you are selling your current home and buying a new one, there is a lot that goes into the process. You will start with listing your home, marketing your home and finding a buyer for your home. Once you find a buyer for your home, you will then know exactly when you have to move out of your home. What happens if you haven’t found a new home to buy yet or you can’t close on the new home in time to move everything out of your old home?

There are a few different things you can do to ensure a smoother transition between houses. One option that you might consider is asking the new buyer of your home if they would consider delaying closing or letting you rent back the house for a period of time after closing. Once they start the loan process, they will have a limited amount of time to close on the home so it may not be an option for them to close later but if they have another place to live and don’t plan to move right away, they may be willing to let you stay in the home for a period of time. This is a great option to avoid having to move more than once and would be first option to explore.

If staying in the home beyond the closing date isn’t an option or the buyer isn’t willing for you to stay, you might consider a short term furnished rental or an extended stay hotel. The benefit to this is that you don’t have to worry about moving your furniture multiple times. You might also consider asking family or close friends if they have room for you for a short period of time until your new home is ready.

Even if you can’t work out any of the previous options, you can always do a short-term rental until you close on your new home. Depending on the size of the home you rent, you will likely want to store some of your furniture and other possessions that you don’t need to have with you the whole time. Moving is time consuming and a lot of work so if there are things you don’t need, put them in storage and save yourself as much time as you can.

Every situation is different so it will take some time figure out the best scenario for you. If you are struggling to come up with the right solution, talk to your real estate agent. They have helped many people move and have a wide range of resources they can tell you about that you may not have considered. If you have any additional questions about selling your home, I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by mohamed Hassan from Pixabay 

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Whiteout Extravaganza

Don’t miss the party of the year! This weekend, December 7th, the Disabled Sports Eastern Sierra is hosting their annual Whiteout Extravaganza. This festive event will include delectable drinks, terrific treats, and live entertainment! The event will begin at the Main Lodge starting at 6 PM. Be sure to come dressed in white!

Other activities will include a silent auction, raffle and wine grab all benefiting Disabled Sports Eastern Sierra, a volunteer-based nonprofit dedicated to changing the lives of children and adults with disabilities and their families by offering year-round outdoor sports and activities, providing expert instruction and adaptive equipment, and rallying the community to accommodate people with disabilities comfortably.

Visit the official website for additional information and to purchase your tickets today. Don’t miss your chance to attend a fantastic party benefiting a great cause.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Photo by MICHAEL FRATTAROLI on Unsplash

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What is PITI?

When you are buying a house, there will likely be many things you don’t know even if it isn’t your first time buying a house. Don’t let this discourage you. Just ask questions of your real estate agent so you can be sure to understand exactly what is happening. Early in the home buying process, you are likely to hear your mortgage lender and your real estate agent mention PITI. What in the world does this have to do with buying a house? PITI is an acronym for your mortgage payment that includes Principal, Interest, Taxes and Insurance. This is commonly referred to during the mortgage application process as your lender is determining your credit ratios and making sure your income and loan amounts fall within their underwriting guidelines.

When your mortgage lender is calculating your PITI, the yearly amount of money to cover taxes and insurance on your home are put into escrow and divided by twelve, then added to the principal and interest to make up your total mortgage payment. The “P” in the acronym refers to the principal of the mortgage.  This is the total amount of money borrowed from the lender to make your monthly payments.  With each payment made, a portion of the principal is paid off and there is a gradual decrease in the outstanding balance owed.  Over the life of the mortgage, the principal component of each payment towards the outstanding balance starts out very small and gradually increases so you are paying more money toward the principal each month. As the principal payment amount slowly increases with each payment, the equity in your home increases.

The first “I” in PITI stands for interest and is a charge from the lender in order to borrow the money to purchase your home.  Initially, the largest part of your mortgage payment will go towards the payment of interest.  There are a variety of interest types yielding a variety of rates.  Your lender will assist you in determining which interest type and rate is best for your needs.

Taxes “T” are the next section of the PITI acronym.  These are property taxes that will be paid to the county and city where your property is located. First, the property is given a market value which is determined based on the assessed value of your home and paid into your mortgage’s escrow account each month so your lender can pay it when your taxes are due. The tax on market value can change based on any new property reassessments.  However, major home improvements, such as home additions, will trigger a reassessment consequently increasing the tax levied dependent on the added market value.

The final “I” in PITI represents your homeowner’s insurance cost. This insurance is important to both the homeowner and the lender.  As the homeowner, you are protecting your investment from fire and other disasters. The lender is utilizing the insurance to protect their investment of lending you the money.  The insurance guarantees repayment of their loan should any calamity threaten their collateral.  In the majority of cases, lenders require homeowner’s insurance to be carried as a condition of the mortgage.  There are multiple carriers of homeowner’s insurance, thus shopping around for rates is highly recommended.

All of these items together total your PITI and will make up your mortgage payment each month. When you are applying for a mortgage, your lender will let you know this amount, so you know what to anticipate your mortgage payment to be each month. For additional information, reliable recommendations to trusted affiliates or to arrange a meeting to discuss your needs, please contact me today for a consultation. I will be happy to answer any questions you may have about the home buying or selling process, help you to find your dream home or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by OpenClipart-Vectors from Pixabay 

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Mammoth Lakes Turkey Trot

If you think the only race on Thanksgiving Day is seeing who is the first to get another helping of pumpkin pie, think again. Before lifting a fork, watching football and taking a post-turkey snooze, hundreds of thousands of Americans start their holiday by giving thanks – with a turkey trot.

The 5th Annual Mammoth Lakes Turkey Trot will begin Thanksgiving Day, November 28th at 9 AM starting at Mammoth Creek Park. Enjoy the two-mile fun run through beautiful Mammoth Lakes and celebrate your victory with a complementary finish line hot chocolate.

Visit the official event website for additional information and to register today. Kick start your holiday season by committing to health and fitness with a two-mile road race in Mammoth Lakes.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Photo by fran hogan on Unsplash

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Renovate or Sell?

If you have lived in your home for a while and no longer feel like it meets your needs, you have two choices. You may sell your home and buy a new one that has the options you are looking for or remodel your current home so that it meets your needs. How do you know what is best? Here are four things to think about.

Is your home in the location you want? If your home is where you want to live and homes in that area are not always available, you may consider making updates to your home and staying right where you are. All changes aren’t possible, but many are. Add more space, update the kitchen and bathrooms or add a garage. All of these are things you can do. It is important to consider the impact these changes will have on the value of your home. While changes don’t always increase your home’s value, make sure you don’t over improve your property. A five-bedroom home surrounded by two-bedroom homes will be a tough sell no matter how nice it is.

Schools are another reason you may want to stay in your home. If you have kids in school, moving may disrupt the schools they are enrolled in. Some school districts are highly coveted and if you are lucky enough to live in one of those, you may want to stay where you are as opposed to moving to the perfect house with schools you aren’t happy with.

What about your neighbors? If you have lived in your home for a long time, you may have neighbors that you are very close with. While you will have new neighbors when you move, it can take a long time to redevelop the relationships you have spent years building. If your neighbors are more like family, do you really want to leave that?

Lastly, moving is expensive. If you are moving because you think it will be cheaper and easier than renovating, think again. Moving is expensive and stressful and selling your house may have its own challenges as well. Weeks of packing, hiring a mover, unpacking at the new house and lots of other things will add up significantly in time and money. If you are moving to save money, make sure you factor the cost of the move into your plan.

Any home you purchase will have things you don’t like unless you custom build a new home. No home is perfect so its important to balance everything about a home when you are trying to decide so you know what will be best for you. If you have any additional questions about renovating or selling your home, I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by ElasticComputeFarm from Pixabay 

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Skiing and Snowboarding Lessons

Looking to get your little ones on the mountain this season? Then be sure to check out skiing and snowboarding lessons offered at June Mountain. Both private and group lessons are available. Children’s lessons are available starting at age 3 and will teach your child the fundamentals of skiing or snowboarding all while having fun and gaining confidence. Group lessons are also available for ages 13 and older and range from beginner to advanced lessons. Private lessons for all age groups are also available and are the best way to progress quickly and take your skills to the next level.

Visit June Mountain’s official website to book your lessons today and ensure you and your family have a fun and safe adventure on the mountain.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Photo by J G D on Unsplash

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For Sale ~ 100 Ski Trail Road #92, Mammoth Lakes, CA 93546 – $127,500

GREAT LOCATION AND VIEWS!

Possibly the best location in Ski Trails! Perched on a hill, relax on your private outside deck in this 2 bedroom/2 bath + den mobile home that has been meticulously maintained by the current owner. Built in 2000.

Upgraded with a new pellet stove, plank flooring in the bathrooms, new toilets and kitchen sink. Recently replaced the roof, stove and painted the exterior. It is landscaped and has a sprinkler system. There is an added covered entry and also a 100 sq ft storage area for your patio furniture and toys.

These units cannot be rented on a nightly basis and no dogs over 25 pounds (1 dog only) are allowed in the park. Space rent is currently $1,061. Sale subject to park approval. Come enjoy Mammoth for a fraction of the price!

Click Here to view the virtual tour! For more information visit 100 Ski Trail Road #92.

Contact Nancy Davidson for All Your Real Estate Needs! For more information or to schedule a showing visit www.MammothCountry.com or email Nancy@MammothCountry.com. Let me make your home selling and or buying experience one of a kind!

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

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Skip these Five Upgrades if You Want to Increase Your Home’s Value

When you are thinking about home improvements, it’s easy to get excited about having the latest and greatest features in your home to enjoy. Even if you have no intention of selling your home soon, you will need to eventually and wouldn’t it be great if the changes you made also increased the value of your home. Many people assume that all upgrades increase their home’s value but that isn’t the case and the amount of the increase is rarely equal to the cost of the improvement. If you want to make sure you aren’t spending money on things that don’t count, skip these five upgrades and opt to improve another area of your home.

    1. A swimming pool will not add value to your home. Though a pool seems luxurious to most people and like it would be a fun thing to have in your backyard, many people don’t want the responsibility of a pool to maintain and worry about the danger it could be as well.
    2. Extensive landscaping can look beautiful, but it will not change the value of your home. Landscaping can change drastically in a month if it isn’t property maintained so because it isn’t a permanent improvement, don’t expect it to change the value of your home. If you are trying to sell your home, it may very well appeal to buyers, but they won’t be willing to pay more for it.
    3. Routine home maintenance updates won’t increase the value of your home. Did you just replace your 30-year old roof or install a new HVAC or new carpet? While this is great, the return on investment is zero. A home is expected to have all of these things functioning when a buyer purchases your home. Having a new roof may mean they like your home more than your neighbors but doesn’t mean they will pay more for it.
    4. Upgrades that are inconsistent with the rest of your home aren’t going to improve your home’s overall value. If your home is in a moderate neighborhood and you install a luxury kitchen or bath similar to those found in million-dollar homes, you won’t see a return on that. Buyers will base their purchase price on the total space your home has and if you over-improved a room with updates that don’t make sense with the rest of the house, your home likely won’t be the price range of someone that is looking for those features or can afford them.
    5. Invisible upgrades like extra insulation, new pipes or updated electrical wiring won’t improve the value of your home. Even if these things really needed to be done, they won’t make a difference to a buyer of your home.

All of this doesn’t mean you shouldn’t add these items if you really want them. Your house is more than its value. While you live in it, enjoy every minute and if exquisite landscaping and a beautiful pool help you enjoy your home, then add them. Just remember when it comes to sell that your payment was in your enjoyment and won’t be in the sales price of your home. Contact me today to determine what home updates would be best for you. I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by pjmverbeeck from Pixabay 

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Closing Day of Fishing Season in Mono County

Just a reminder, today is the last day of open fishing in Mono County! At all other times of year, if you wish to fish in Mono County, there are several bodies of water where CATCH-AND-RELEASE ONLY is permitted year-round on public lands with barbless artificial flies and lures only. This includes: East Walker River, which begins out of Bridgeport Reservoir and heads out Hwy. 182; West Walker River, which parallels Highway 395 through Walker and Coleville, one mile north of the Highway 108 turnoff, to the Topaz Lake inlet; Hot Creek; east of Mammoth Lakes and ideal for all skill levels of fly fishing – Hot Creek is 0 take year round. (Barbless flies only, no lures or baits allowed.)

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Photo by Evan Wise on Unsplash

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