I realize its been a while since my last real estate blog. Life seems to do that. I was looking at my previous post "why to buy in Steamboat" dating back to July. The premise still applies except the interest rate I quoted then was in the 6% range and now its more like 4% with good credit and 20% down. The inventory is up with over 2000 properties on the market in our MLS the "supply and demand" supposition is really in favor of the buyer. Currently there are studios, one and two bedroom mountain condos that can be yours from $80,000 - $200,000. Of course there are all ranges of condos but when I entered the industry over 5 years ago you couldn't touch a 2 BR for under $200,000. In real estate the prices are cyclical. Although people still speculate when the bottom will come we have no way of knowing for sure if it is already here or not. What we do know for sure is back in 2005 people were saying I wish I would have purchased back in the late 1990's. Now is your chance to avoid the "Shoulda - Coulda - Woulda's" Even if the bottom is still to come interest rates are now leveling out and back on the rise to a small degree. Often the interest rate is a more important factor than the final price. Yes there are still properties moving from market rate to short sales and foreclosures which is an indication prices will continue to fall, but a savvy buyer will weigh the interest rate against the risk of holding out. With most of our sales even distressed properties only being discounted by 10% of asking price now may be your time to identify a property and purchase while interest rates are low and prices are not rising. In addition to the price factor you also have to consider the advantages of owning a vacation property. Steamboat is all about the lifestyle. Whether it is an investment to gain equity or not, it is an investment in your families happiness and a calmer less stressful way of life. I hope you find your dream home in 2010. I would be happy to help....
End of Blog..............................................................................................................................................If you are looking for a home site, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty. I work as a Buyer's Agent for my clients. I also represent Sellers. If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success! Contact me today and let’s get started... web: SteamboatDream.com e-mail: MichelleDiehl@comcast.net cell: 970.846.1086 office: 970.879.8100 EXT 434
Thursday, December 16, 2010
Monday, July 26, 2010
Why To Buy Now in Steamboat Springs, Colorado
Why to Buy Now in Steamboat Springs
As you know, it is difficult to predict when interest rates will rise but what we are experiencing now are lower interest rates than in the last 30 years. From the early 80's to the early 90's rates gradually fell from the 13% mark to 7.39%. All through the 90's there was not much of a change. In 2002 there was a drop and also a drop in Steamboat housing prices. When Steamboat was at the height of selling properties, and the prices were unnaturally elevated due to speculation & supply and demand after Intrawest bought the ski mountain, the rates were still only in the mid 6 range. Now we see prices on property here as low as they have been in over 6 years and interest rates are lower than in 30 years. If you have the means there are two really good reason to purchase now - low prices (especially with all the short sales and foreclosures) and low interest rates. Best of luck to you...Michelle Diehl - Broker - Prudential Steamboat Realty - 970.846.1086
As you know, it is difficult to predict when interest rates will rise but what we are experiencing now are lower interest rates than in the last 30 years. From the early 80's to the early 90's rates gradually fell from the 13% mark to 7.39%. All through the 90's there was not much of a change. In 2002 there was a drop and also a drop in Steamboat housing prices. When Steamboat was at the height of selling properties, and the prices were unnaturally elevated due to speculation & supply and demand after Intrawest bought the ski mountain, the rates were still only in the mid 6 range. Now we see prices on property here as low as they have been in over 6 years and interest rates are lower than in 30 years. If you have the means there are two really good reason to purchase now - low prices (especially with all the short sales and foreclosures) and low interest rates. Best of luck to you...Michelle Diehl - Broker - Prudential Steamboat Realty - 970.846.1086
Friday, February 12, 2010
First Time & Repeat Home Buyer Dates & Facts:
First Time & Repeat Home Buyer Dates & Facts:
1.Be under contract (mutually signed by both sellers and buyers which means mutually executed contract or MEC) by April 30, 2010.
2.Close by June 30th, 2010.
3.Home is under $800,000.00
4.Maximum earnings are $125,000 for singles and $225,000 for marrieds to received full credit.
5.Receive partial credit for earning between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly.
6.Higher incomes then stated above do not qualify for tax credits.
7.First time homebuyers have not owned a home in three years - $8,000 tax credit.
8.Repeat buyers have lived in their home for five consecutive years - $6,500 tax credit.
.................................................................
If you are looking for a home site, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I work as a Buyer's Agent for my clients. I also represent Sellers. If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success!
Contact me today and let’s get started...
web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434
1.Be under contract (mutually signed by both sellers and buyers which means mutually executed contract or MEC) by April 30, 2010.
2.Close by June 30th, 2010.
3.Home is under $800,000.00
4.Maximum earnings are $125,000 for singles and $225,000 for marrieds to received full credit.
5.Receive partial credit for earning between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly.
6.Higher incomes then stated above do not qualify for tax credits.
7.First time homebuyers have not owned a home in three years - $8,000 tax credit.
8.Repeat buyers have lived in their home for five consecutive years - $6,500 tax credit.
.................................................................
If you are looking for a home site, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I work as a Buyer's Agent for my clients. I also represent Sellers. If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success!
Contact me today and let’s get started...
web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434
Thursday, February 4, 2010
CONSTRUCTION TRADES ASSOCIATION AGREES STEAMBOAT 700 IS "GOOD 4 STEAMBOAT".
“The annexation of Steamboat 700 is our community’s opportunity to implement a long-term plan to manage and control future growth for the benefit of the entire community” begins a letter of support for Referendum A from the Yampa Valley Construction Trades Association. The YVCTA is comprised of builders, designers, engineers, architects, surveyors and other professionals from Steamboat Springs and Routt County.
In a letter to its members from board president John Shively, the YVCTA says that “As Routt County continues to grow in the years ahead as independent State experts project, we want to see development happen in existing urban centers, close to existing schools, jobs and services. This will reduce sprawl in the valley, protect open space, mitigate traffic congestion and ensure the economic viability of our community and for the people who live and work here.” The support letter goes on to say, “In addition to creating jobs for local professionals and companies, Steamboat 700 will enable the City of Steamboat Springs to accomplish many of the critical capital infrastructure and facilities needs that are identified priorities and long overdue.”
Prudential Steamboat Realtor Michelle Diehl concurs 100% - Steamboat 700 is good for Steamboat.
END OF ARTICLE................................................
If you are looking for a home site, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I work as a Buyer's Agent for my clients. I also represent Sellers. If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success!
Contact me today and let’s get started...
web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434
In a letter to its members from board president John Shively, the YVCTA says that “As Routt County continues to grow in the years ahead as independent State experts project, we want to see development happen in existing urban centers, close to existing schools, jobs and services. This will reduce sprawl in the valley, protect open space, mitigate traffic congestion and ensure the economic viability of our community and for the people who live and work here.” The support letter goes on to say, “In addition to creating jobs for local professionals and companies, Steamboat 700 will enable the City of Steamboat Springs to accomplish many of the critical capital infrastructure and facilities needs that are identified priorities and long overdue.”
Prudential Steamboat Realtor Michelle Diehl concurs 100% - Steamboat 700 is good for Steamboat.
END OF ARTICLE................................................
If you are looking for a home site, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I work as a Buyer's Agent for my clients. I also represent Sellers. If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success!
Contact me today and let’s get started...
web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434
Wednesday, January 20, 2010
This just in....
it is reported that the owners of the Steamboat Ski Area Intrawest have missed a huge final payment on its 1.4 billion dollar loan amount that was secured by parent company Fortress to purchase the Steamboat Ski Area back in 2007 from American Skiing Co. for $265 million. Intrawest owns 10 North American Ski areas including Winterpark and the home of the 2010 Winter Olympics Whistler Blackcomb in Vancouver.
To see the full story go to the link provided: http://www.steamboatpilot.com/news/2010/jan/20/reports-intrawest-be-auctioned/
....................................
If you are looking for a home site, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I work as a Buyer's Agent for my clients. I also represent Sellers. If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success!
Contact me today and let’s get started...
web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434
it is reported that the owners of the Steamboat Ski Area Intrawest have missed a huge final payment on its 1.4 billion dollar loan amount that was secured by parent company Fortress to purchase the Steamboat Ski Area back in 2007 from American Skiing Co. for $265 million. Intrawest owns 10 North American Ski areas including Winterpark and the home of the 2010 Winter Olympics Whistler Blackcomb in Vancouver.
To see the full story go to the link provided: http://www.steamboatpilot.com/news/2010/jan/20/reports-intrawest-be-auctioned/
....................................
If you are looking for a home site, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I work as a Buyer's Agent for my clients. I also represent Sellers. If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success!
Contact me today and let’s get started...
web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434
