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Buying a vacation home in Mammoth Lakes is a wonderful decision, but the process can be overwhelming. Many second home buyers start the buying journey after a “vacation high.” They love visiting Mammoth Lakes and decide to make it a reality, and then they start thinking about the purchase and anxiety sets in.

To avoid this stress, follow these four steps:

1. Decide how much home you can afford.

If you already own a home, you know there’s more to it than just the mortgage. Like any home purchase, you’ll need to factor in property taxes, insurance, maintenance, utilities and HOA (homeowners association) dues. In a mountain destination like Mammoth Lakes, other added costs that may or may not be covered by the HOA include snow removal and heating (propane, firewood or pellets).

2. List your priorities for your vacation home.

Figure out what’s most important to you. Each property will have different pros and cons. You may want to prioritize being able to ski in and ski out, being close to shopping and restaurants, or being located along a bus line. It’s easy to get caught up in the moment when you start seeing properties, so it’s helpful to determine your priorities beforehand. Also keep in mind that your priorities when you were renting may be different when you’re actually making a purchase.

View from a car on a drive through June Lake CA in the fall with yellow aspens along the road

3. Understand the costs of buying in a resort community.

Compared to buying a home in an urban area, financing a second home in Mammoth Lakes can be a bit more difficult. Talk to your realtor about your financial situation and what kind of mortgage will work for you. For some properties in resort areas, traditional financing may not be available, and third-party or private lenders might be the only option. This may mean you’ll end up needing a larger down payment or having a higher interest rate.

4. Be ready to make an offer.

Properties in Mammoth Lakes can move quickly, so you need to be ready to act if you find something you love. Before you start home shopping, get your credit in order. Request a free credit report and make sure everything is accurate. Talk with your real estate agent about local lenders, then work with one of them to get a pre-qualification letter and figure out your loan options. If you’ll be paying cash, make sure you have proof of funds documentation to support your cash offer. (Psst… here are four things to consider before you make an offer.)

 

A good real estate agent can make buying a Mammoth Lakes vacation home simple and stress-free for you. Learn more in my Ultimate Home Buyer’s Guide. Give me a call if you’d like to talk: (760) 914-4664.

Photos by Josh Wray for Visit Mammoth

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There are a few different scenarios for homeowners that are struggling to make their mortgage payments or are “underwater” on their homes (and owe more than what it’s worth)—including short sales and foreclosures. While we don’t see many of either in Mammoth Lakes, this may be helpful for those outside the area.

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Steps to The Village at Mammoth and Canyon Lodge gondola, this totally updated Westin Monache one-bedroom condo is ready for you to enjoy or start renting out today!
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Here are a few reasons buyers should finally be feeling more optimistic. 🌟

Wondering if it’s the right time for you to buy a home? We’d be happy to talk through the specifics of your situation. Send us a DM today! 📲

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The Mammoth Lakes Ice Rink is officially open! Come join in even more winter fun! Located near the Mammoth Lakes Library.

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Happy Thanksgiving From Beautiful Mammoth Lakes CA!

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Have you watched homes on your street sell for sky-high prices in the past few years?

It’s tempting to aim high when it comes time to sell your home—but proceed with caution.

The market is adapting to rising mortgage rates, and homes simply aren’t selling as fast. Unfortunately, the longer a home is listed, the more buyers’ concerns begin to grow.

Of course, you also don’t want to sell your home for less than it’s worth.

That’s why it’s important to work with a local market expert. We know the ins and outs of the local real estate market and what buyers are willing to pay today.

The good news? If you’ve been in your home for several years, you are likely to have a sizable amount of equity. That means you stand to make a tidy profit. 🤑

Get in touch for a free home value assessment to find out what your home could sell for in today’s market!

📲 760.914.4664
📧 [email protected]

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Mammoth Lakes - Best Ski Town!
Exciting news. Mammoth Lakes has been nominated for Best Ski Town in America in the USA Today 2022 10Best Readers’ Choice travel awards. But also, Clocktower Cellar has been nominated for Best Ski Bar!

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November Market Update!

Link in Bio...

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
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While I am often accused of being an eternal optimist, there are some valid reasons for having a positive outlook on the current real estate market.

When you’re hearing news about home prices remaining high, and mortgage rates skyrocketing, you might wonder how a real estate agent can possibly claim it’s a great time to buy. Or, on the other hand, you read that sales prices are coming down and it’s taking longer to sell because rates have gone up, it may make you question how agents can claim that it’s a great time to sell.

You might feel like agents always seem to be constantly putting a positive spin on the current real estate market, and think they’re doing it out of self-interest. After all, they only make money if and when someone buys or sells a house, so of course they’d want people to feel like it’s always a great time to buy or sell real estate.

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"Sonja was so professional and wonderful to deal with. She stepped in when our original realtor bowed out after we drove 5 hours to look at real estate. She stepped in without a single hiccup and then stood by us as we negotiated the purchase price and was with us helping us get the mortgage. She was a full service realtor even doing things not normally done by a realtor. Highly recommend her."

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How can you get the most money for your home in today’s market? 💰

The real estate market is cooling. But it’s still possible to score a great offer if you follow these tips:

🛠️ Make strategic repairs and improvements
🧹 Declutter and depersonalize
🛋️ Stage your home for success
🧽 Prep for each showing
💸 Price your home correctly from the start

Searching for more home seller strategies to maximize your sale price? Check out our blog post!

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OPEN HOUSE!
895 Canyon Blvd #34
Mammoth Lakes, CA 93546

Stop by and check out this condo right next door to Canyon Lodge!
Saturday, November 19
2 PM - 5:30 PM
Hosted by Destination Real Estate REALTOR® Danielle Bauman

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