Eastern Plumas & Sierra Counties Newsletter - October 2017

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Dickson Realty’s October 2017 Newsletter

We are pleased to announce that Dickson Realty has been voted the Best Overall North Lake Tahoe and Truckee Brokerage for the 2nd year in a row by Sierra Sun and North Lake Tahoe Bonanza readers. Thank you for choosing Dickson Realty for your Real Estate needs.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter

We’ve Moved!

Please come and visit us at our new location, 289 Commercial Street in Portola. New phone number is 530.832.1700 Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter JANUARY-AUGUST 2017 SINGLE FAMILY HOME SALES On this page and over the following two pages, you'll find statistical information for single family home sales in the area from January to August for both 2016 and 2017. The trend of increases in home prices in most areas supports the forecast that our economy is improving. Although some areas showed a longer time on market, both median as well as average prices were up in all areas except Chilcoot. However, with only 1 sale during this period (January thru August) in 2016, the statistics are somewhat skewed.

Source: Plumas Multiple Listing Service as of 9/19/17

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter JANUARY-AUGUST 2017 SINGLE FAMILY HOME SALES

Source: Plumas Multiple Listing Service as of 9/19/17

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter JANUARY-AUGUST 2017 SINGLE FAMILY HOME SALES

Source: Plumas Multiple Listing Service as of 9/19/17

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter

The beautiful Lost Sierra is the perfect place to “opt for the outdoors”. Consider how you intend to utilize your outdoor living space when choosing a home.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter Jumbo Loans: Understanding the Process and Setting the Expectations In the recent months we have seen an increase in the demand for jumbo loans, and we love financing jumbo loans! We are skilled at setting expectations for our clients and moving quickly through the process. A jumbo loan is not a conventional loan that will be sold to the government sponsored entities, Fannie Mae and Freddie Mac. Conventional loans have easier guidelines/rules and loan sizes are set each year by the government. A conventional loan size across the nation is $424,100 currently. However, government sponsored entities have another loan product know as a high balance (HB) conventional loan, which is not to be confused with a jumbo loan. Each county limit is set by the government and can be found at https://www.fanniemae.com/singlefamily/loan-limits. To give you an idea, In Nevada County the high balance loan amount is $477,250, Placer County is $488,750 and most counties in the San Francisco bay area have high balance limits set at $636,100. A Jumbo loan will exceed those HB loan limits or conforming loan limits. Those loans will not be sold to government sponsored entities but to private investors, most commonly REITs or Wall Street investment banks. For this reason the lender requires much higher qualification requirements and much stricter documentation. Lenders do not want any chance of a borrower defaulting, so the final investors set the rules/guidelines strictly to lend money for those products. To start almost all lenders require: 1) Great credit over 740, no blemishes on credit and sufficient trade lines (lines of credit) 2) Typically a 20-25% down payment 3) Income to debt ratios below 43% 4) Money in savings for reserves. The lenders go over all documentation with a fine tooth comb and ask a lot of questions. Thus, if your loan officer does not vet your loan qualifications and dig through the guidelines upfront, the loan can be very difficult to close and will likely require extensions. If the borrower does not provide exactly what is asked for, the lender will certainly deny the loan. A good loan team can make all the difference in getting jumbo loans closed in a timely manner. The Rice Team just closed a jumbo loan in 20 days when the typical time frame is 45-60 days, and some lenders simply will not be able to close the loan. If you have questions regarding jumbo loans, or if we can help you succeed in getting a jumbo loan closed, please feel free to contact us at 530.582.9991 or teamrice@guildmortgage.net.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter

How do you prioritize your finances? Generations often have differing ideas when it comes to spending, investing and saving.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter Dickson Realty is the exclusive agent for Nakoma and we'd like to share some interesting tidbits of information in upcoming newsletters from this amazing resort with so many types of ownership opportunities. NAKOMA’S CLUBHOUSE, THE HEART OF NAKOMA RESORT WAS INSPIRED BY FRANK LLOYD WRIGHT. Frank Lloyd Wright conceived the concept for the Nakoma Clubhouse in 1923. At age 57, Wright designed the 23,000-square- foot clubhouse at the request of the Nakoma Country Club in Madison, Wisconsin. Fortunately for the Lost Sierra, it was never built in Madison. Intriguing, captivating and timeless, the teepee-inspired clubhouse design was conceived in 1923 by the enduringly brilliant Frank Lloyd Wright and built in the heart of the Lost Sierra in 2001. Wright’s exquisite design includes the distinctive façade that houses a towering four-sided fireplace and the soaring ceiling with stained glass windows and decorative friezes of abstract Indian motifs. Picture windows on three sides of the octagonal room pull in the grandness of the Sierra from without to become the world within. The Nakoma Clubhouse effectively distills the essence of a career that stretched from the late 1880’s to Wright’s death at age 91, in 1959. For more information about Nakoma, visit their website at www.nakomaresort.com or contact our Sales Team in the Dickson Sales Office at Nakoma, (530) 322-3320, or sales@nakomaresort.com.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter OCTOBER EVENTS

1 – Lil' Megs Pumpkin Patch (every weekend during October) 4118 Segundo Road in Beckwourth; 10am-4pm This pumpkin patch features a corn maze, pumpkins of all sizes, bake sales and games! Information: please call 530-412-1073.

6 – Nakoma Social Hour (ongoing – Fridays) Nakoma Sales Office at the Nakoma Clubhouse; Clio, CA; 5pm-6pm Stop on by to enjoy a complimentary glass of wine, sample Chef Scott’s wonderful appetizers, and have a fun and lively conversation. Information: Call our Nakoma Sales Office: 530-322-3320

6 – Music on the Sky Deck at Nakoma (October 6,13,20,27) Music from 6pm-9pm - no cover, FLoW Lounge opens at 4pm. Dinner Menu available from 5-8pm. October’s musical line-up includes Danny Horton, Chi McClean, Mel Wade, Tyler Stafford, and Andrew Ohren. For more information on these artists and other great events at Nakoma during the month of October, visit: http://nakomaresort.com/experience/calendar/full/

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter 7 – Sierra Schools Foundation “Swinging for the Schools” Golf Tournament Plumas Pines Golf Resort, Graeagle; Check-in 9am Gather your friends, family and coworkers, and join us for a fun day of golf to support the students, teachers, and schools of the Sierra-Plumas Joint Unified School District. All proceeds from this event go towards the teacher, school, and district grant program so our Sierra students can have the very best educational experience around. They deserve no less! Information: http://www.sierraschoolsfoundation.org/events/swinging-for-the-schools-golf-tournament/ 14 – 18th Annual Oktoberfest & Street Fair Main Street, Sierra City; 10am-4pm It's time for the annual Oktoberfest in Sierra City! Come to the mountains and enjoy the fall colors and some good old-fashioned fun Saturday October 14th. Vendors will offer an wonderful array of temptations up and down Sierra City's historic Main Street. Don't miss the music, magic, crafts, brauts & sauerkraut along with fresh squeezed apple cider. Information: http://sierracountychamber.com/event-2660942 14 – Mountain Harvest Beer Festival Plumas-Sierra County Fairgrounds; Gates open at Noon Come join the fun and see the beautiful Fall colors of Plumas County and a celebration of rural community. Featuring a beer tasting with over 20 breweries, food, non-alcoholic beverages. Special raffle of goods & services benefits Plumas Arts, the non-profit arts presenter in Plumas County. General Information & Ticket Info: http://www.plumasarts.org/mountain-harvest-beer-festival.html Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter 14 – Pumpkin Patch Express (October 14,15, 21,22) Western Pacific Railroad Museum, Portola; 10am (trains depart hourly from 1pm to 5pm) Climb abaord for some spooky fun! Ride the train to the pumpkin patch - pumpkin prices vary, view special exhibits and enjoy some Halloween fun. New this year, super spooky night trains on both Saturdays! Amission $10 per car or $5 per car with 3 non-perishable cans of food to be donated to the local EPCAN food bank. Information: http://wplives.org/

14 – Country Market & Bazaar (October 14 & 28) Event at the kiosk site at the corner of HWY 49 & 2nd Street, Loyalton. Fresh and organic produce jams and jellies! Information: http://www.eastsierravalleychamber.com/country-market-and-bazaar.htm

21 – “3rd Saturday Dinner Dances; $10 Dinner at 5:30pm $5 Dance 7:30pm Sierra Valley Grange Hall, 92201 Hwy 70, Vinton October features a baked potato Dinner and dancing on a large dance-floor! Country Western Dance Lessons free with paid admission from 6:30-7:30pm Information: http://www.easternplumaschamber.com/events-calendar.html Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


Dickson Realty’s October 2017 Newsletter 21 – Tom O’Brien Season Finale Golf Tournament Nakoma; Clio, CA; 8am-6pm Join Nakoma for the Tom O’Brien Season Finale Golf Tournament. Players will take on the Dragon in a two-person, best-ball format. $75 includes golf, lunch and prizes. To sign up or for more info call 530-322-3333. Please RSVP by Oct. 18. Information: http://nakomaresort.com/event/tom-obrien-season-finale-golf-tournament/

28 – Graeagle Trick-or-Treat Downtown Graeagle; 4pm-6pm; Free Trick-or-treat in downtown Graeagle on a Saturday night at the local businesses and merchants. Bring the whole family for a spooktacular time!! Information: http://www.chamberorganizer.com/Calendar/moreinfo.php?eventid=264304

Have a Happy and Safe Halloween! Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320


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