Truckee Tahoe October 2020 Newsletter

NEWS YOU CAN USE

OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

Picture credits: Tahoe Meadow, Pixbay Royalty Free Truckee River: Hiking Project.com; Lori Bellis

Contents

Truckee Office/Condolences to Fire Victims Sales Statistic Reports Synergy Home Mortgage Corner

Pg.

2 3-6 7

California Association of REALTORS® reports

8-9

Transaction Beginning to End

10-11

Moving Tips

12-13

Things to Do When the Time Changes

14-15

Fall Hikes Calendar and Events

16 17-18

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

The Dickson Realty Truckee Team is always available to provide excellent and dedicated client service whether you are considering buying or selling a home. Our team of seasoned professionals, all RealtorsÂŽ, possess the most current and comprehensive market information and, combined with their knowledge and experience, they are uniquely qualified to be expert guides in your real estate venture. Call, e-mail, visit our office, or access us on the web. We are here for you 24/7. COVID 19 Best Practices are in place for your safety.

Office Info: Phone: 530-587-7444 Fax:530-587-8064 Email: truckeeinfo@dicksonrealty.com Web: www.Dicksonrealty.com

To the victims of the California and Northern Nevada fires, all of us at Dickson Realty want to express how sorry we are that you are suffering through these devastating events and to express our sincere condolences for any losses you may have incurred.

During these difficult times please know others care.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

This month’s report shows the monthly sales statistics for August 2019 thru August 2020 for Median Sales Price, Lowest/Highest sales, Number of units sold and the Average Days on Market (Time share and/or shared ownership are not included in the statistics presented.)

The data source is the Tahoe Sierra Multiple Listing Service with data pulled on September 10, 2020

TRUCKEE INCLUSIVE

MEDIAN SALES PRICE

LOWEST SALE

HIGHEST SALE

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

AUGUST 2019

$

695,000 $

112,000 $

6,700,000

109

63

September

$

655,000 $

60,000 $

8,500,000

97

62

October

$

687,250 $

151,000 $ 13,600,000

106

54

November

$

700,000 $

200,000 $

6,050,000

81

61

December

$

632,500 $

800,000 $

8,750,000

73

78

January

$

655,000 $

285,000 $

4,975,000

53

84

February

$

653,500 $

195,000 $

4,050,000

57

80

March

$

689,000 $

417,000 $

9,500,000

43

79

April

$

639,000 $

145,000 $

5,250,000

46

54

May

$

690,000 $

195,000 $

5,200,000

45

55

June

$

695,000 $

125,000 $

7,800,000

125

58

July

$

820,000 $

137,500 $

7,250,000

180

55

AUGUST 2020

$

855,000 $

150,000 $ 11,000,000

175

51

TRUCKEE INCLUSIVE MEDIAN SALES PRICE TREND

20 20

ly AU G

US T

Ju

ne Ju

AU G

US T Se 20 pt 19 em b Oc e r to No b e ve r m b De ce er m b Ja er nu ar Fe y br ua ry M ar ch Ap ri l M ay

$1,000,000 $800,000 $600,000 $400,000 $200,000 $-

Truckee Inclusive shows total market activity which includes sub-markets of Tahoe Donner, the Golf Course Communities, Northstar California, and Donner Summit.

Specific details of those sub-markets are shown separately on the next pages

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

TAHOE DONNER - Trk. Sub-Market MEDIAN SALES PRICE TREND

AUGUST 2019

$

607,000 $

112,000 $

1,960,000

42

35

September

$

626,750 $

270,000 $

1,300,000

24

45

October

$

690,000 $

220,000 $

1,800,000

47

43

$800,000

November

$

672,250 $

275,000 $

1,845,000

36

41

December

$

649,900 $

117,500 $

1,340,000

35

48

$600,000 $400,000

January

$

604,500 $

285,000 $

1,560,000

20

53

February

$

612,000 $

290,000 $

1,190,000

26

65

March

$

657,500 $

420,000 $

850,000

8

38

April

$

657,500 $

183,000 $

1,415,000

12

33

May

$

658,000 $

415,000 $

1,590,000

10

41

June

$

716,000 $

142,300 $

1,450,000

44

42

July

$

762,500 $

210,000 $

2,950,000

72

39

AUGUST 2020

$

746,500 $

229,900 $

1,995,000

44

29

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

171

September

$

745,000 $

410,000 $

1,465,000

9

122

October

$

792,500 $

403,250 $

2,037,500

6

96

$1,500,000

November

$

470,000 $

405,000 $

1,655,000

5

133

$1,000,000

December

$

424,375 $

250,000 $

1,504,900

8

125

$500,000

January

$

1,500,000 $

375,000 $

1,965,000

7

136

$-

February

$

1,025,000 $

415,000 $

1,195,000

7

99

March

$

503,500 $

436,000 $

1,770,000

4

23

April

$

900,000 $

395,000 $

2,600,000

6

82

May

$

693,000 $

255,000 $

1,175,000

3

34

June

$

1,392,000 $

380,000 $

3,600,000

8

192

July

$

940,000 $

429,000 $

3,200,000

17

69

AUGUST 2020

$

887,750 $

250,000 $

4,120,000

30

72

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

September

$

1,650,000 $

1,225,000 $

8,500,000

13

107

October

$

2,325,000 $

699,900 $ 13,600,000

9

79

November

$

2,400,000 $

1,080,000 $

6,050,000

7

84

December

$

2,422,500 $

1,165,000 $

8,750,000

8

225

January

$

2,200,000 $

1,315,000 $

4,975,000

7

171

February

$

1,830,000 $

1,325,000 $

4,050,000

8

124

March

$

3,803,525 $

1,225,000 $

9,500,000

8

151

April

$

2,624,500 $

1,350,000 $

5,250,000

4

61

May

$

2,250,000 $

1,000,000 $

5,200,000

8

81

June

$

1,918,750 $

1,215,000 $

7,800,000

18

101

July

$

2,775,000 $

840,125 $

7,250,000

26

117

AUGUST 2020

$

2,262,500 $

1,145,000 $ 11,000,000

36

80

DONNER SUMMIT

MEDIAN SALES PRICE

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

AUGUST 2019

$

531,000 $

September

$

October

$

November

LOWEST SALE

HIGHEST SALE

ly

20 20

AU G

US T

AU G

GOLF COURSE COMMUNITIES - Trk. Sub-Market Old Greenwood, Gray's Landing, Lahontan, Martis Camp, Schaffer's Mill

MEDIAN SALES PRICE TREND $4,000,000 $3,000,000 $2,000,000 $1,000,000 $-

ly

116

20 20

17

US T

6,700,000

DONNER SUMMIT - Trk. Sub-Market MEDIAN SALES PRICE TREND

299,000 $

2,400,000

6

21

647,000 $

60,000 $

1,750,000

15

44

510,000 $

185,000 $

1,775,000

11

83

$

1,137,500 $

200,000 $

3,250,000

4

53

$1,000,000

December

$

707,000 $

80,000 $

1,825,000

7

40

$500,000

January

$

617,500 $

600,000 $

635,000

2

36

$-

February

$

211,000 $

195,000 $

653,500

5

44

March

$

700,000 $

417,000 $

1,750,000

7

104

April

$

1,104,000 $

145,000 $

2,750,000

4

23

May

$

515,000 $

195,000 $

1,825,000

5

34

June

$

473,000 $

265,000 $

2,375,000

16

51

July

$

542,550 $

146,000 $

200,000

16

65

AUGUST 2020

$

445,000 $

160,000 $

1,700,000

13

60

AU G

US T Se 20 pt 19 em b Oc e r t No o b e ve r m b De ce er m be r Ja nu ar Fe y br ua ry M ar ch Ap ri l M ay

$1,500,000

ly

920,000 $

20 20

1,975,000 $

US T

$

AU G

AUGUST 2019

US T Se 20 pt 19 em b Oc e r t No o b ve er m b De ce er m be r Ja nu ar Fe y br ua ry M ar ch Ap ri l M ay

HIGHEST SALE

AU G

LOWEST SALE

ne

US T

13

ly

2,300,000

20 20

260,000 $

MEDIAN SALES PRICE

Ju AU G

565,000 $

US T Se 20 pt 19 em b Oc e r t No o b e ve r m b De ce er m be r Ja nu ar Fe y br ua ry M ar ch Ap ri l M ay

$

GOLF COMMUNITIES

Ju

US T Se 20 pt 19 em b Oc e r t No o b e r ve m D e be ce r m be r Ja nu ar Fe y br ua ry M ar ch Ap ri l M ay

AU G

NORTHSTAR - Trk. Sub-Market MEDIAN SALES PRICE TREND

AUGUST 2019

Ju

HIGHEST SALE

Ju

LOWEST SALE

Ju

MEDIAN SALES PRICE

AU G

NORTHSTAR

$200,000 $-

ne

AVG. DAYS ON MARKET

Ju

RESIDENTIAL SOLD

ne

HIGHEST SALE

Ju

LOWEST SALE

ne

MEDIAN SALES PRICE

Ju

TAHOE DONNER

The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

November

$

727,500 $

291,250 $

1,612,500

12

85

December

$

490,000 $

310,000 $

3,000,000

7

55

January

$

563,250 $

325,000 $

1,955,000

10

85

February

$

604,000 $

305,000 $

2,115,000

5

311

March

$

847,500 $

315,000 $

2,195,000

10

158

April

$

925,000 $

312,500 $

979,000

5

130

May

$

716,000 $

315,000 $

2,250,000

7

128

June

$

750,000 $

750,000 $

750,000

1

61

July

$

1,125,000 $

532,500 $

1,775,000

13

195

AUGUST 2020

$

1,155,000 $

390,000 $

2,390,000

11

29

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

NORTH LAKE TAHOE, CA.

MEDIAN SALES PRICE

LOWEST SALE

HIGHEST SALE

$1,500,000 $1,000,000 $500,000 $-

NORTH LAKE TAHOE, CA. MEDIAN SALES PRICE TREND

AUGUST 2019

$

620,000 $

175,000 $

2,175,000

22

38

September

$

717,500 $

144,000 $

2,225,000

24

83

$800,000

October

$

624,000 $

163,000 $

4,275,000

28

65

November

$

675,000 $

258,110 $

2,600,000

25

106

$600,000 $400,000

December

$

580,000 $

125,000 $

1,185,000

15

62

January

$

640,000 $

127,000 $

7,619,000

17

75

February

$

438,500 $

125,000 $

1,650,000

14

121

March

$

562,000 $

283,500 $

4,375,000

14

58

April

$

732,500 $

330,000 $

1,550,000

8

26

May

$

545,000 $

325,000 $

735,000

7

44

June

$

780,000 $

123,000 $

200,000

29

49

July

$

685,000 $

140,000 $

7,900,000

57

62

AUGUST 2020

$

760,000 $

191,500 $

9,500,000

51

43

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

LOWEST SALE

HIGHEST SALE

AUGUST 2019

$

725,000 $

199,000 $ 16,400,000

25

57

September

$

746,750 $

250,000 $

2,825,000

28

59

October

$

740,000 $

390,000 $

1,990,000

17

74

November

$

737,000 $

330,000 $

1,950,000

20

66

December

$

830,000 $

362,000 $

3,435,000

11

136

January

$

1,000,000 $

435,000 $

7,150,000

6

120

February

$

655,000 $

400,000 $

1,450,000

6

97

March

$

535,000 $

285,000 $

2,385,000

12

58

April

$

451,500 $

320,000 $

765,000

3

53

May

$

800,000 $

275,000 $

1,680,000

5

159

June

$

667,000 $

360,000 $

4,075,000

30

83

July

$

829,500 $

290,000 $

8,750,000

42

70

AUGUST 2020

$

775,000 $

322,000 $

4,525,000

29

61

US T Se 20 pt 19 em b Oc e r t No o b e r ve m D e be r ce m be r Ja nu ar Fe y br ua ry M ar ch Ap ri l M ay

AU G

US T

AU G

WEST SHORE LAKE TAHOE, CA MEDIAN SALES PRICE TREND $1,000,000 $800,000 $600,000 $400,000 $200,000 $-

US T Se 20 pt 19 em b Oc e r t No o b e ve r m b De ce er m be r Ja nu ar Fe y br ua ry M ar ch Ap ri l M ay

MEDIAN SALES PRICE

$200,000 $-

AU G

WEST SHORE LAKE TAHOE, CA

ly

160

Ju

122

15

20 20

14

1,272,500

US T

3,650,000

188,000 $

ly

290,000 $

649,000 $

20 20

608,250 $

$

ly

$

October

Ju

September

ALPINE/SQUAW MEDIAN SALES PRICE TREND

20 20

123

US T

14

ne

1,825,000

AU G

275,000 $

Ju

744,500 $

AU G

$

Ju

AUGUST 2019

ne

AVG. DAYS ON MARKET

Ju

RESIDENTIAL SOLD

ne

HIGHEST SALE

Ju

LOWEST SALE

US T Se 20 pt 19 em b Oc e r t No o b e ve r m b De ce er m be r Ja nu ar Fe y br ua ry M ar ch Ap ri l M ay

MEDIAN SALES PRICE

AU G

ALPINE/SQUAW

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

The Full Area Market and the Truckee Market have seen a tremendous surge in sales this year over the previous year.

The number of sales increased as well as the average list price and the actual sold price.

We are pleased to share this data for your interest.

FULL MARKET TOTAL RESIDENTIAL SOLD LIST PRICE SOLD ACTUAL PRICE

YTD-AUGUST 2019 826 883,994,804 850,064,364

YTD-AUGUST 2020 1116 1,264,790,542 1,233,355,324

% INCREASE 35.1% 43.1% 45.1%

SALE COMPARISONS FULL MARKET YTD AUGUST 2019- YTD AUGUST 2020

TOTAL RESIDENTIAL SOLD

LIST PRICE

SOLD ACTUAL PRICE

1,233,355,324 850,064,364 1,264,790,542 883,994,804 45.1% SOLD ACTUAL PRICE

43.1% 826

35.1%

1116

YTD-AUGUST 2019

YTD-AUGUST 2020

TRUCKEE TOTAL RESIDENTIAL SOLD LIST PRICE SOLD ACTUAL PRICE

LIST PRICE TOTAL RESIDENTIAL SOLD

% INCREASE

YTD-AUGUST 2019 519 549,611,490 525,888,114

YTD-AUGUST 2020 724 845,635,994 826,770,199

% INCREASE 39.5% 53.9% 57.2%

SALE COMPARISONS TRUCKEE MARKET YTD AUGUST 2019 - YTD AUGUST 2020

TOTAL RESIDENTIAL SOLD

LIST PRICE

SOLD ACTUAL PRICE

826,770,199 525,888,114 845,635,994 57.2%

549,611,490 53.9% 519 YTD-AUGUST 2019

724 YTD-AUGUST 2020

39.5%

SOLD ACTUAL PRICE LIST PRICE TOTAL RESIDENTIAL SOLD

% INCREASE

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

Senior Loan Officer

STEPHANIE HANNA p (775) 762-9114 Stephanie.Hanna@Synergyhm.com stephaniehannaloans.com 1100 Caughlin Crossing Reno, NV 89519 NMLS #188917

© 2020 Synergy Home Mortgage, LLC. All Rights Reserved. This communication does not constitute a commitment to lend or the guarantee of a specified interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply. 1100 Caughlin Crossing, Suite 1A, Reno, NV 89519. Corp NMLS# 1593061 (www.nmlsconsumeraccess.org).

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

The Transaction from End to End

Now that you've found the perfect home, it's time to get the deal rolling. You'll need to sign a residential purchase agreement, make an offer, possibly put down a deposit, conduct inspections and close the sale. If this all sounds overwhelming to you, don't worry; your REALTOR® will guide you through each step.

Making An Offer/Residential Purchase Agreements and Buyer Representation Agreements If you're ready to purchase the home, you must get all the details in writing. The offer begins with a written proposal spelling out your price and any stipulations regarding the purchase. If the seller has agreed to pay part of the closing costs, for example, that needs to be specified in the accepted offer. In addition, sometimes offers to purchase are contingent upon factors like the buyers' ability to obtain financing or the sellers finding housing within a certain time frame.

The residential purchase agreement contains the comprehensive terms of the deal, including sales price, deposit, closing date, disclosure requirements, inspections, and fees agreed upon by both parties. Other provisions also are included, such as the buyer's final inspection and the method by which all real estate taxes and other bills will be pro-rated between buyer and seller.

The CALIFORNIA ASSOCIATION OF REALTORS® offers its own official agreement, the C.A.R. Residential Purchase Agreement and Joint Escrow Instructions (RPA-11). This multi-functional document serves as an offer to purchase real property, a completed contract when its signed by the buyer and seller and communication of acceptance is received, a receipt for good faith earnest money deposit, and more.

In response to requests from C.A.R. members practicing in the greater San Francisco Bay Area, C.A.R. developed a second version of its RPA-11 in late 2000. The Area Edition Residential Purchase Agreement (and Joint Escrow Instructions) (AEPA-11) addresses the contractual approach to the real estate transaction adopted in this area of the Golden State. The publications Understanding and Completing The C.A.R. Residential Purchase Agreement and Joint Escrow Instructions and the Area Edition Supplement to Understanding and Completing The C.A.R. Residential Purchase Agreement and Joint Escrow Instructions explain both forms in detail.

Another standard form produced by C.A.R. and typically used by California REALTORS®, BR-11 (Buyer Broker Representation Agreement) is an agreement between a potential buyer of real property and a real estate broker. The agreement defines the scope of the tasks and duties to be performed by the buyer and broker leading up to the completion of a real estate sale. The form also provides a written consent to a dual agency if one develops, and informs the buyer that the broker or agents for the broker may be working with other buyers looking for similar properties. The agreement does not, however, obligate a buyer to pay the broker for services rendered. Even if an agreement is signed, a broker must still look to a seller or a listing broker for compensation.

This form is non-exclusive and may be revoked at any time by either the buyer or broker. In addition, the agreement places a limit on the time within which a legal action can be brought against the broker.

There are ways for buyers to look more appealing to a seller, thereby possibly gaining a negotiating edge. Allcash buyers and those already pre-approved for a mortgage have an advantage. In addition, sellers who are ready to move prefer buyers who don't have a present house to sell first.

An offer to purchase is often followed by a counteroffer by the seller, which can be countered again by the buyer.

This is common practice as both sides attempt to negotiate an agreement that meets their individual needs.

Completing the residential purchase agreement is a complicated part of the transaction process that buyers shouldn't enter into without the assistance of a REALTOR®. REALTORS® have access to the standard forms needed and receive updates from their local, state and national associations on state and federal laws regulating agreements. REALTORS® can either answer any questions you might have or refer you to the appropriate authority.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

Buyers' Up-Front Fees In conjunction with the residential purchase agreement, buyers are usually expected to put down a deposit at the beginning of the transaction. If the buyer completes the sale, this money will be credited toward the buyer's down payment. If the buyer doesn't complete the sale for legal or contractual reasons, the money is typically returned.

However, if the buyer doesn't complete the sale for other reasons, the seller may be entitled to keep the deposit.

The U.S. Department of Housing and Urban Development (HUD) advises that deposits should be "substantial enough to demonstrate good faith," usually 1 to 5 percent of the purchase price. Often, buyers may put up to 20 percent down.

Because buyers frequently pay for most inspections, it may be a good idea to investigate the costs of the inspections you plan to obtain before an offer is made.

Home Inspections vs. Appraisals Home inspections vary greatly. Some check the home's structure, construction and mechanical systems, and appliances, which may be transferred with the property. Although different inspectors look for and test different things and may not discover everything that is wrong with a property, obtaining inspections is the best way to become informed of necessary repairs or problems with the home. Be advised that inspectors do not assess the value of your home.

According to HUD, an inspector typically checks the electrical system, plumbing and waste disposal, the water heater, insulation and ventilation, the HVAC system, water source and quality, ceilings, walls, floors, and roof.

In addition to being inspected, the home will undergo an appraisal by a trained professional. An appraisal is an opinion of the property's value used primarily to protect the lender's interest. In contrast to home inspections, appraisals are based on past sales data, the location of the home, the size of the lot and the condition of the home.

For mortgages insured through the FHA, appraisers must disclose potential problems relating to the physical condition of the home; there are no similar stipulations for non-FHA mortgages.

Closing The closing is the day you've been waiting for: when ownership of the home officially transfers from the seller to you! Prior to the closing, the escrow agent will present you with scores of legal documents to review and sign, and you'll be expected to pay your down payment and closing costs. In addition, a number of other legal procedures must be completed before the sale can close, including approving the mortgage application, clearing the title, appraising the property and recording the deed.

The Real Estate Settlement Procedures Act (RESPA) provides specific protection to buyers before, during and after closing. If a settlement service has referred you to a REALTORÂŽ with whom the service has a business connection, an Affiliated Business Arrangement Disclosure is required prior to closing. You're entitled to receive a preliminary copy of a HUD-1 Settlement Statement, which lists estimates of all settlement fees to be paid by buyer and seller, if you request it 24 hours before closing; the final HUD-1 Statement is a requisite part of closing.

In addition, an Initial Escrow Settlement Statement is required at closing or within 45 days of closing. This details the estimated taxes, insurance premiums and other charges that must be paid from the escrow account during the first year of the loan.

Within three days after your loan application is received, your lender must deliver or mail you a "good faith estimate" of the total amount due at closing, as well as a copy of the HUD publication Settlement Costs: A HUD Guide. Closing costs typically are comprised of attorneys' or escrow fees, property taxes, interest, loan origination fees, recording fees, survey fees, first premium of mortgage insurance, title insurance, loan discount points, first payment to escrow account, paid receipt for homeowner's insurance policy and any documentation preparation fees. Fannie Mae estimates that most buyers' closing costs amount to 3 to 6 percent of the sales price.

As with the other components of the buying transaction, your REALTORÂŽ can answer your questions and provide additional information to ensure a smooth closing.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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14 Smart Tips To Help Make Moving a Breeze Jane Searce: Lifehack.org

the back of your television and other electronics so that you can remember where they all go! This will save you a ton of time when you set it up again.

Most people dread moving. Packing, organizing, transporting, attempting to bribe your friends to help — the whole process can seem daunting, but if you use these tips and tricks, moving day might be a lot less stressful.

Happy packing!

1. Be thrifty, find free moving boxes Save a little cash and acquire all the boxes you need for free. Best places: the ‘free’ section on Craigslist, grocery and clothing stores, and warehouse style stores.

5. Put hanging clothes in garbage bags Keep your clothes on the hanger, but wrapped up.

When you get to your new abode, simply take off the garbage bags. Don’t forget to label so you know whose stuff is whose!

2. Purge your stuff Now that you’re sorting through all your things, it’s a perfect time to see what can be donated or chucked altogether! Make an effort to pare down your possessions so your move will be a little easier and your new home will be a bit less cluttered.

6. Pack a first-night box Most people don’t think to do this, and end up rummaging through several boxes on moving day to get their pajamas or the coffee maker. Pack yourself a “first night” box with all your toiletries, some clothes, and anything you’ll need the following morning such as dishes and silverware or your hair-dryer. You can even buy this cute IKEA box if you’re tired of seeing your own handwriting:

3. Create a schedule so you don’t get overwhelmed Plan ahead! Don’t forget to defrost, towel dry, and clean your refrigerator 24-48 hours before moving day. Otherwise, it’ll be pretty stinky and leaky!

4. Take pictures of your electronics before you unplug Before you disconnect them to be boxed up, take a picture on your phone or camera of the cords on

7. Safely pack your plates Since they’re already plate-shaped, foam disposable plates are awesome for packing your real plates. Put them in between each plate in your stack before you pack it all up. Plus, you can totally class up the cheap comfort food you’ll want to get after you’ve finally unpacked your last box some day.

The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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8. Plastic Wrap Your Drawers — With Everything Inside Use plastic wrap to keep dressers drawers shut when the moving truck jostles them about, or for trays of items that would be just fine staying in the trays as long as they didn’t fall out. Plus, you can leave its contents in there, since the drawers no longer have a risk of sliding open!

12. How To Pack Jewelry Use egg cartons to easily transport your jewelry.

Tape them shut so nothing falls out! Also, use toilet paper rolls for packing necklaces or loose bracelets. Just put one end through the roll and fasten the clasp.

9. Use Wine Cases For Your Glassware There’s bound to be a local bar, winery, or even some grocery stores that have empty wine cases you can snag. Keeps your glasses organized and it’s easy to stuff some newspaper and such in each compartment so there’s some padding to protect them.

13. Keep Screws & Bolts Organized If you have to dismantle any furniture for your move, don’t forget to keep all the loose screws and bolts organized! Put them in plastic baggies and label them so you know which piece of furniture they are for and don’t lose any.

10. Don’t Mix Items From Different Rooms Keep items from one room in boxes separate from the others, it’ll save you a lot of sanity when you finally unpack.

11. Make A Packing Supplies Basket Save yourself from losing packing supplies or running around your house/apartment because you left the scissors in one room and the tape in the other. Get a box or a basket for supplies that you can carry with you from room to room, that way you’ll have all of it with you as you switch tasks and don’t have to spend time retrieving supplies you left in another room.

14. Use Storage Bins For Seasonal Items If you don’t already store your seasonal/holiday items in plastic bins, now’s the time. That way, once you’re moved in, you can simply transfer the plastic bins to your closet or basement without having to unpack their content

HAPPY PACKING!

The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

10 Things You Should Do When Daylight Savings Time Ends There's more to do than turn the clocks back when Daylight Savings Time ends. This is a go-to checklist.

3) Flip Your Mattress You should flip your mattress twice a year, so why not mark the event with Daylight Savings Time?

Flipping and rotating your mattress is important to avoid irregular wear, which can shorten the lifespan of your mattress and result in back problems too!

1) Do Some Fall Cleaning In 2020, Daylight Savings Time ends on the first Sunday in November. Use that extra hour to clean up your home from a relaxed summer of fun.

Eliminate useless clutter by donating what’s good and recycling or tossing the rest, reorganize your shelves, dust off hard-to-reach places, tidy up the garage, etc.

4) Reverse Your Fans When Daylight Savings Time begins, you should switch your ceiling fans to spin counter-clockwise to keep things cooler. But now that it’s fall, it’s time to reverse them—clockwise rotation directs warm air back down.

2) Swap Your Closet and Decor Swapping out your summer garb for warmer attire will allow you to keep you closet organized and allow for easier access to your clothes.

Furthermore, you’re probably going to want to take those cozy throw blankets out of storage and display them around the house for snuggling up.

5) Replace Your HVAC Filters If you live in a climate with seasons, you know you’ll be turning on the heat soon, if you haven’ already! Keeping your heating and cooling vents clear is in your best interest for health reasons as well as saving money on your energy bill. And don’t forget to change those filters.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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6) Check Your Water Heater Water heaters need flushing and the end of Daylight Savings Time can be your reminder.

Check your water heater to make sure it’s not leaking and flush out the sediment that’s trapped inside.

9) Restock Your Emergency Kit There’s no doubt an emergency kit is essential in the home, and with Daylight Savings Time ending and the chance of winter storms approaching, it’s a great time to check in on how well your kit is stocked and make sure that nothing has expired.

7) Change the Batteries in Your Smoke Alarm It’s quite “alarming” to wake up in the middle of the night to the sound of your smoke alarm chirping.

Avoid that unpleasant sound by changing the batteries at the end of Daylight Savings Time.

10) Clean Your Fireplace The warmer months mean you’ve neglected your fireplace, but now that it’s time to get warm and cozy, you can bet you’ll be using it lots! Before you do, however, you’ll want to check the chimney for cracks and obstructions and clean out the ash Alexa EricksonUpdated: Mar. 20, 2019 FAMILY HANDYMAN MAGAZINE

8) Clean Your Gutters Cleaning gutters isn’t fun, but when Daylight Savings Time ends, it should serve as your annual reminder that it’s time to clean them in order to avoid costly clogs.

The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

Reprinted courtesy: Truckee Chamber of Commerce; Justin Swett

Autumn in Truckee is one of the best times of the year to visit. From fun events, cooler temps, to stunning fall foliage scenery. Here is a list of our favorite Truckee hiking trails to help your harvest the best of autumn here in Truckee!

Sagehen Creek Trail 2.5 mile single track trail from 89N at Sagehen Creek to Stampede Reservoir.

Waddle Ranch Preserve Hikers and nature lovers enjoy this hike through meadows and over creeks that leads to Lake Ella and Martis Creek Lake in Martis Valley. The trailhead is located just off of Hwy 267 before Northstar.

Loch Leven Lakes Hikers who enjoy swimming in alpine lakes are drawn to this scenic hike that leads to four lakes at the end of Donner Summit Trail.

Commemorative Emigrant Trail Single track trail following Alder Creek out to Stampede Reservoir, following in a historic path of pioneers in the 1800s.

Martis Peak Hike 8 mile hike from just south of Brockway Summit on HWY 267 to the Martis Peak fire lookout, with about 1700 ft in elevation gain.

Sawtooth Trail 9-mile single track trail with great vistas.

Donner Camp Trail at Alder Creek – Historical Site Interpretive 1/3 mile trail with plaque commemorating where part of the Donner Party camped near Alder Creek, trapped during the severe winter of 1846-47.

Prosser Creek Reservoir A popular local recreation spot, four miles from downtown Truckee with single track and dirt roads weaving through the woods and around the reservoir.

Camping is available at the north end.

Lakeshore Interpretive Trail 2.5 mile path along Donner Lake, with Donner

Memorial State Park history and ecology exhibits along the way.

Donner Summit Canyon The trails of this historic area off of Old Hwy 40 on Donner Summit follow clear creeks and look directly down on Donner Lake. Only non-motorized vehicles are allowed on the trails that follow the old train tunnels.

Martis Creek Wildlife Area Trail 4.1 mile easy to moderate hiking loop.

Truckee River Legacy Trail A 6-mile paved bike path (plowed in winter) along the Truckee River from Truckee River Regional Park to Glenshire neighborhood and accessing Riverview Sports Park with historical and art landmarks.

Johnson Canyon Trails leading through Johnson Canyon (formerly called Negro Canyon) connect with Summit Lake to the west or Glacier Way and the Donner Rim Trail in Tahoe Donner to the east.

Trout Creek Trail Walk, jog, or bike from historic downtown Truckee at bridge street to Tahoe Donner up a beautiful canyon filled with pine forests and Aspen trees. Listen to Trout Creek babble and birds sing while you enjoy this trail’s secluded feel.

Donner Lake Rim Trail Multi-use single track trail on the mountains and ridges surrounding Donner Lake. Currently 15 of the planned 23-mile trail are open (9 of those for bicycle use).

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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OCTOBER 2020 MARKET NEWSLETTER Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

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The word Cosmos in Greek means orderly, beautiful, and ornamental. The flower's fragrance and vibrant colors give it the attributes of peacefulness, wholeness, and modesty.

The typical meaning of this flower is 'love flower'. This flower is often used to illustrate one's deepest feelings of love.

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National Pumpkin Day

A Rare Halloween Blue Moon in 2020 – Mark Your Calendars!

by Farmers' Almanac Staff In total, for 2020, we’ll have 13 full Moons, including 2 two Supermoons, and a rare Halloween Blue Hunter’s Moon on October 31st. It’s rarer in more ways than you may realize! This is the case for October 2020: we’ll have a full Moon on Thursday, October 1st, which will be the Harvest Moon, and again on Saturday, October 31st—a Halloween full Hunter’s Moon in all time zones (the Moon turns full at 10:49 a.m. EDT), making this a super fun rare treat.

When we think of “All Hallow’s Eve,” many of us conjure up terrifying images of werewolves, goblins, zombies, and other scary things that go “bump” in the night, all lit up by a spooky full Moon. But how common is a Halloween full Moon?

Apparently, not very. Blue Moon Definition: For more than half a century, whenever two full Moons appear in a single month (which happens on average every 2 1/2 to 3 years), the second full Moon is christened a “Blue Moon.” When you look at the full Moon on Halloween night, it won’t appear blue in color but you’ll be looking at something pretty uncommon. A full Moon on Halloween occurs roughly once every 19 years—a pattern known as the Metonic Cycle. Fun fact: Any time the Moon is technically “full” on October 31st (as it will be this year), it would also have to be a Blue Moon because the lunar cycle is only 29.5 days long. When’s the Next Halloween Full Moon? According to astronomers, we will all see a 100%-illuminated Halloween full Moon (after 2020) in the years 2039, 2058, 2077, and 2096 (note the 19year pattern).

The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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Date and Event

Where Held

Tuesdays 10/5 thru 10/20 TRUCKEE FARMERS MARKET

Truckee Regional River Park

October 3 TURCKEE WINE, WALK & SHOP

HISTORIC DOWNTOWN TRUCKEE

Time

12:00 NOON 4:00 pm

Brinn Talbot brinn.talbot@sothebysrealty.com

The tickets are $45 in advance and $55 day of and tickets are available at www.truckeewinewalk.com .

Celebrating our 25th year, the Lake Tahoe Marathon+ features three marathons and three half marathons in three days all around Lake Tahoe. See our website for more details Boutique races Friday, Saturday, and Sunday where everyone knows your name. Lots to choose from: run the Friday Lakeside Marathon or the spectacular all downhill Nevada Half Marathon. On Saturday choose the Cal-Neva Marathon or the Carnelian Bay Half Marathon and on Sunday you get the 24th Lake Tahoe Marathon or the spectacular downhill Emerald Bay Half Marathon. Plus much more including the Midnight Express 72-mile Ultra, 4-Person Marathon Relay, 16.4 Miler, the Edgewood 10K, the Super Hero 5K as well as the Kids Free Pumpkin Run.

5:00 pm 9:00 pm

Lynn Baumgartner info@mapf.org

Celebrate the environment of Truckee-Tahoe with Mountain Area Preservation at the Downtown Community Arts Center in Truckee on Friday, November 6th from 5 pm – 9 pm for the 5th Annual Wild & Scenic Film Festival. The evening will be filled with award-winning films focused on adventure, activism, and conservation. Join us for inspiring films, tasty food, delicious libations and a raffle!

6:00 pm 9:00 pm

Lynn Baumgartner info@mapf.org

Join Mountain Area Preservation for an intimate evening celebrating the environment and activism through film, featuring a multi-course seasonal meal and drinks. The film program will include an exclusive film, The Valley. Stay tuned for more details!

10046 Church Street Truckee

October 7 DINNER & A MOVIE 5th Annual Wild & Scenic Film Festival

Tahoe Tap Haus 475 N. Lake Blvd.

Tahoe City, CA

The Downtown Truckee Wine, Walk & Shop returns for the 16th year to support our selected non-profit, Big Brothers, Big Sisters of North Lake Tahoe and Nevada County. This locals and visitor's favorite brings 1,000 people downtown to enjoy wine tasting, food sampling and shopping in historic Downtown Truckee.

www.laketahoemarathon.com

October 9 thru October 11 LAKE TAHOE MARATHON

TRUCKEE DOWNTOWN COMMUNITY ARTS CENTER

Details Fresh produce, vegetables, fruit, flowers, berries, melons, greens, tomatoes, prepared foods, crepes, baked goods, fish and meat, olive oil, and handmade artisan goods.

BENEFIT EVENT

October 6 5th Annual WILD & SCENIC FILM FESTIVAL

Contact Info.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440