Posts Tagged ‘steamboat springs mls’

It’s That Time of the Year

Thursday, March 3rd, 2011

by Doug
Over the past several years, some things have changed in the ‘new economy’, while others have not. Access to financing for some of the different property types in our resort market has drastically changed. Foreclosures and short sales are making up more of our market, as well.

One thing that hasn’t changed, however, is the interest in property this time of the year. As soon as the calendar page is ready to be turned to March, buyers start appearing, and that is one thing that has not changed. This past week I had two different clients make offers on two different properties, and we had to compete with another offer. Who would have thought that that would exist in this market? However, they were on good properties that were well priced and offered good value, and they were not even bank owned properties! We lost one to a higher offer, and we’re still working on the other.

Over the past two weeks, the Steamboat Springs MLS posted 27 properties that went under contract. That is an average of nearly 2 a day…strong activity for the current economy. Could this be an indication that the market is turning? Well, in the first two months of 2010 the Steamboat Springs MLS posted 55 sales. This year it recorded 88. It does appear buyers are coming back in the Steamboat Springs real estate market.

If you are also looking to take advantage of the current buyer’s market, here are a couple of my personal favorites:

A three bedroom / two bath cabin right in the middle of towering pines and old-growth aspen with two outbuildings on 16 acres in Strawberry Park and Butcher Knife Creek flowing through the property. Listed before the bank took it back at $1,325,000, now bank-owned and listed at $659,000. It does need some work, but well worth the price! See all the details and pictures on our Property Search page with MLS# 130658.

Quality three bedroom / three bath, 2,203 square feet Cross Timbers Townhome fully furnished and ski area views! Listed $100,000 less than the closest priced competition. $699,000. See all the details and pictures on our Property Search page with MLS# 129782.

Ski in / Walk out one bedroom and bath Storm Meadows condo for only $296 per square foot. Great rental and views. $175,000. See all the details and pictures on our Property Search page with MLS# 130684.

Get Your Homework Done Early

Monday, June 8th, 2009

By Doug

After a mixed bag of weekend weather with a beautiful day on Saturday, followed by a rain / sun / rain / sun pattern on Sunday (but good weather to run the Steamboat Marathon), it is a little hard getting back into the work week today.

With all of this turmoil in the real estate industry, one segment that is probably the most turbulent is the mortgage market.  If there is one piece of advice I can give a Steamboat Springs real estate buyer right now, it’s to get the leg work done as early as possible with your lender to make sure there are no surprises once you have found a property and are ready to make an offer.  I have seen a couple of road blocks come up, and have heard about many more nighmares from lenders.  Underwriters are getting very particular about who they approve, and getting pre approved from your lender will help make the offer and purchase process much smoother.

The Steamboat Springs real estate market appears to be picking up a little over the past month.  I’ll be writing my monthly newsletter shortly to give you an update, so be looking in your email box soon for the latest update.

Finding the Right Steamboat Springs Real Estate Property

Monday, March 30th, 2009

With all the choices in today’s market, how do you go about finding the right home? It seems the more research you do, the more alternatives you discover.

It’s important to visualize your needs and plan ahead.  Know what you want in a home, what’s important to you, and what you can live without. Many of us start out with a champagne taste and a beer pocketbook, so it’s important to be realistic.

Where and what you buy will affect you for as long as you live in the house.  If you are having a tough time getting your priorities in order, talk to us to help you prioritize.

For first-time home buyers this is a new experience, so it’s especially important to do your homework.  But if you currently own a home, you know exactly what’s lacking. You may need another bedroom or bathroom, or a good school nearby.

First, decide where you want to live. Routt County covers a lot of territory, but it’s not to say you can’t live in one corner of the County and work in the other.  It’s more common than one may think.  Initially, people think the roads are always bad in the winter, but realistically, there are only a handful of days when the roads are treacherous.  And when they are, you just have to learn to take your time.  Regardless to what location you decide, you should practice the commute before you make a commitment.  Weather not only also plays an important role in commuting decisions, but also for the lifestyle.  Northern Routt county and the areas surrounding Steamboat Lake receive the most snow, followed by Steamboat Springs and then South Routt.  However, the further west you go, the more you reduce elevation, precipitation and increase temperature: providing less snow to shovel during the winter and more of a variety of vegetables to grow in your garden during the summer. 

People with children have other major considerations: school and apre’s school.  If you have active kids who like to be involved with after school activities, a location closer to their school should be a definite consideration.

 As mentioned earlier, lifestyle is an important consideration. People who frequently dine out, socialize and like to attend all of the great events Steamboat Springs offers are probably better off in town.  In other words, make sure you’re in close proximity to the things that matter most.

It used to be that homes came in a limited variety, but today, you have many choices. In addition to the traditional single-family home, you can buy a townhouse or condominium. 

In Routt County, you can find almost any combination anywhere. But whatever you decide to purchase, make sure the rules and regulations, as well as the by-laws, match your lifestyle. This type of housing is great for people who want to own their own space without being responsible for mowing the lawn or repairing the roof; a management company most likely will handle that, giving you more freedom to enjoy the Steamboat lifestyle.

On the other hand, you’ll pay fees for these services.  In addition to checking the documents and financial soundness of the homeowner’s association, you must determine if the monthly fees are worth the services and additional amenities such as a swimming pool or exercise room.

Affordability can be a factor not only in the type of housing, but whether it’s a new or an existing home.  Old houses often have fine woodwork or interesting nooks and crannies not normally found in new homes.  They generally sit on smaller landscaped lots with mature trees and grown bushes.

New homes may cost more, but you can make many more decisions on amenities, colors, carpeting and fixtures.  Make sure you’re dealing with a reputable builder, and have an attorney review all documents.

Selecting a real estate professional is the important first step when beginning your search.  As exclusive buyer brokers, the professionals at Buyer’s Resource sit by the side of our clients throughout the entire process.  Our business model is that of counselors, not salespeople, for all that we do is help our clients determine the type of property they want to own, exhaust the market to locate that type of property, provide the due diligence to make sure it is the type of property they want to own, and help them negotiate the lowest price and best terms on the property of their desires.  Give us a call today to begin your Steamboat Springs real estate purchase in the right direction!