Freddie Mac Launches Winter REO Sale which includes the Steamboat Springs real estate market

Thursday, November 17, 2011

HomeSteps, a [tag]Freddie Mac[/tag] real estate sales unit, kicked off a sales promotion this week to unload some of its inventory of [tag]foreclosed[/tag] homes in several cities which includes the [tag]Steamboat Springs real estate[/tag] market

Its Winter Sales Promotion for owner-occupant buyers includes:

  • Paying up to 3 percent of the final sales price toward the buyer’s closing costs for initial offers received between Nov. 15 and Jan. 31, 2012. Escrow must be closed on or before March 15, 2012, to qualify.
  • Two-year Home Protect limited home warranty, which covers such things as the heating, air conditioning, electrical, plumbing, and other major systems and appliances. Home Protect also will offer a discount of up to 30 percent on the purchase of appliances. (For eligibility requirements, visit www.HomeSteps.com/smartbuy.)

For more information on the HomeSteps Winter Sales Promotion, visit www.HomeSteps.com or contact me.

October Routt County Statistics for Steamboat Springs Real Estate

Thursday, November 10, 2011

October is a mixed bag for the [tag]Steamboat Springs real estate[/tag] market: down slightly from last month in volume, and down even more in transactions - however, all of the difference is in Interval closings, which were significantly lower than last month.

The residential market had a consistent and strong showing with close to the same numbers as last month, and a predominance of residential trend points that were trending higher. Also, you’ll find several upper end residential closings which are noted below.

[tag]Bank sales[/tag] were down tremendously, with only 6 in October as opposed to 18 in September..

Highest Priced Sale for October 2011:
10/27/2011 $3,375,000 [tag]Agate Creek[/tag] Preserve Subdivision Lot 1 aka 35375 Humble Road – 5 Bedroom 5.5 Bath YOC 2004 with 8,137 SF Living Area. 7.57 AC Land Area. Price per square foot (PPSF) $414.77.

Highest PPSF for October 2011:
10/6/2011 $2,030,000 One Steambaot Place Condo @ Après Ski Way Condo Unit R-418 aka 2250 Après Ski Way – 4 Bedroom 4 Bath with 2,420 SF Living Area. PPSF is $838.84. This is a new construction sale that is located in the Steamboat Mountain Area.

Other sales over $1.5M:
10/12/2011 $2,155,000 [tag]Werner Ranch[/tag] Subdivision #3 Lot 2 – aka 34225 State Highway 131 – 4 Bedroom 5 Bath YOC 2008 with 4,199 SF Living Area on 35.020 Acres of Land. PPSF is $513.22. This sale is located in the South Routt Area.

10/31/2011 $1,500,000 [tag]One Steamboat Place[/tag] Condo @ Après Ski Way Condo Unit R-103 aka 2250 Après Ski Way – 4 Bedroom 4 Bath YOC 2009 with 2,384 SF Living Area. PPSF is $629.19. This is a new construction sale that is located in the [tag]Steamboat Mountain[/tag] Area.

Contact me for more information.

Steamboat Springs real estate price cut at Wildhorse First Tracks

Thursday, October 20, 2011

See more details about Wildhorse

Just released in the [tag]Steamboat Springs real estate[/tag] market, prices are significantly reduced to close-out Phase I at [tag]First Tracks[/tag] at [tag]Wildhorse[/tag]. After 35 successful sales in the past two years, only 12 residences remain. Now’s the perfect time to purchase at First Tracks with great financing options and some of the best residences still available. Studios now from to $99,000 1 bedrooms reduced to $169,000 (*only one remains) 2 bedrooms now from $229,000 ($70k reduction) Contact me for more information today

See more details about Wildhorse

Free Furniture for Next Edgemont Sale!

Thursday, October 6, 2011

THE NEXT 2 BEDROOM RESIDENCE AT [tag]EDGEMONT[/tag] TO GO UNDER CONTRACT, BEFORE NOVEMBER 15th, WILL COME FULLY FURNISHED! At your choice, the developer will either deliver the [tag]real estate[/tag] fully furnished or give a $50,000 allowance towards a furniture package at closing. Your [tag]ski-in[/tag] / [tag]ski-out[/tag] [tag]Steamboat Springs[/tag] residence will be prepared in time for the New Year so all you need to worry about is what your are going to do during your trip to Steamboat.

Another Olympian in downtown Steamboat Springs under contract

Thursday, September 15, 2011

olympian_203.jpg Unit #203 at the Olympian has recently gone under contract as buyers continue to find this location and project an excellent [tag]real estate[/tag] choice for [tag]downtown[/tag] [tag]Steamboat Springs[/tag] living. The project offers extremely low HOA dues (which include heat) and worry free living and is only 1 unit away from the halfway point in sales. This is a prime downtown location with [tag]restaurants[/tag], [tag]shopping[/tag], [tag]hiking[/tag], [tag]biking[/tag], [tag]fishing[/tag] and more only steps from your front door. Contact me for more information.

Ten Tax Tips for Individuals Selling Their Home

Sunday, August 21, 2011

The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Here are ten tips from the IRS to keep in mind when selling your home.

  1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.
  2. If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ($500,000 on a joint return in most cases).
  3. You are not eligible for the exclusion if you excluded the gain from the sale of another home during the two-year period prior to the sale of your home.
  4. If you can exclude all of the gain, you do not need to report the sale on your tax return.
  5. If you have a gain that cannot be excluded, it is taxable. You must report it on Form 1040, Schedule D, Capital Gains and Losses.
  6. You cannot deduct a loss from the sale of your main home.
  7. Worksheets are included in Publication 523, Selling Your Home, to help you figure the adjusted basis of the home you sold, the gain (or loss) on the sale, and the gain that you can exclude.
  8. If you have more than one home, you can exclude a gain only from the sale of your main home. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is ordinarily the one you live in most of the time.
  9. If you received the first-time homebuyer credit and within 36 months of the date of purchase, the property is no longer used as your principal residence, you are required to repay the credit. Repayment of the full credit is due with the income tax return for the year the home ceased to be your principal residence, using Form 5405, First-Time Homebuyer Credit and Repayment of the Credit. The full amount of the credit is reflected as additional tax on that year’s tax return.
  10. When you move, be sure to update your address with the IRS and the U.S. Postal Service to ensure you receive refunds or correspondence from the IRS. Use Form 8822, Change of Address, to notify the IRS of your address change.

End of Summer Close-out Sale (Now studio’s & 1 bdrm’s almost sold-out)

Friday, August 19, 2011

See more details about Wildhorse

Summer is fleeting, and so are the opportunities at First Tracks. After 35 successful sales in the past two years, only 12 residences remain. Now’s the perfect time to purchase at First Tracks with great financing options and some of the best residences still available. Just Released: New Close-out pricing starting from: MLS# 132314 Studio - $119 (only 3 remain) MLS# 132312 1 Bedroom - $199K (ONE left!) MLS# 132315 2 Bedroom - $299K

See more details about Wildhorse

Its all about timing, time to watch the 3 & 4 bedroom ski-in condo market in Steamboat

Sunday, March 6, 2011

If I were a betting man and willing to pick a niche market where Steamboat has rounded the corner and say with some confidence that we have hit bottom: ski-in, 3-bedroom condos with newer finishes for under $1 million would be my 1st pick. Torian Creekside is one property in this category. The best deals remaining there have a northeast view of the Steamboat Ski area. Absolutely fabulous views for now, but keep in mind a future development may get in the way of the view. Also, most of Torian Creekside residences built in 1999 could use some upgrading. Units 212, 312 and 418 have tile counters and cooks don’t like grout lines and ceramic tile counters. Replacing with granite or other solid surface such as quartz is a must. When the market rebounds in combination with a revitalized Ski Time Square, these are deals to watch from $650,000 to $1 million range. Look past the Chateaux Chamonix check-in area which needs a bit of freshness and this property offers some options at or just slightly above the $1 million mark. 3 bedroom luxury condos in the C building range from just under $1m to $1.2m. If you can afford more, now is the time to consider new construction while the deal is still on the table. Edgemont recently advertised 30% off the first 3 deals and they all sold. Then they offered 25% off the next 3 deals and those all sold. Now Edgemont is offering 20% off next 3. According to their sales staff one 3-bedroom is going under contract today. Prices reflect a discount off their pre-construction prices from 2007-08. Views, ski to the door, soak in the pool with one of the best views in the world, convenient, true ski-in/ski-out access to make shuffling the kids easier, this project lives up to its price with quality at around the $1.5 million mark. If you don’t mind crossing one road to the slopes and looking for a bank owned real estate deal tax assessment value at around $2 million and newly listed at $794,000 you better hurry. Highmark at Steamboat is selling fast. I called today for an update to find out that 3 of the residences listed at bargain prices had offers submitted. For more information on ski-in/ski-out condos, rental incomes and better values, Contact: Dean Laird Broker/Owner Colorado Group Realty 970-846-8284 Dean@mybrokers.com

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