First time homebuyers and those who have not owned a home in the past three years are going to benefit by as much as $8,000 with a tax credit from President Obama’s Stimulus Package.  This amount is based upon a percentage of the purchase price of the home.  Theoretically, that credit will reduce the price one will pay for a property by the amount of the credit.  Not bad!

If you’re a first time homebuyer or looking for an inexpensive single family home in Steamboat, the list price on a foreclosure that I have been keeping my eye on was just reduced today by $25,000 to $474,900.

This is a three bedroom, two bath, 2,040 square foot home near the Steamboat ski area.  It has a nice yard, views of the surrounding mountains and two car attached garage.  It’s within walking distance to the city bus and is located in a very nice neighborhood.  With the median price of a single family home in Steamboat at $1,100,000, a little sweat equity in this property could go a long way!

If you would like additional information about this Steamboat home, please give us a call today.