Archive for the 'Buyers Only' Category

Steamboat Springs Great Buyer Opportunities

There’s a category today called “distressed properties” that offers buyers some of the best financial deals imaginable. Right now, those types of property sales make up 58% of all home sales nationally! You’ve probably seen articles about them labeled as “foreclosures” or “bank owned (REO)” or “short sales.” They ought to be labeled “Great Values!”

Average sale prices nationally for homes in the distressed property classification were 33% lower than other sales prices in the first part of 2010! Would you like to find your property for 33% less money than you thought it would cost you? In Steamboat Springs properties are selling at 50% of what they sold for in our Market’s peak in 2007.

You see, just because a homeowner is “distressed” doesn’t mean the property is!
Often, homeowners locked themselves into poor financing choices, had a financial reversal, or lost their job. They are not bad people; they’ve just had bad luck.

That “bad luck” can be your good fortune, and I am here to help you realize those savings. Also, please remember that it’s likely that some of these properties will never be bargain-priced again in our lifetimes. With low interest rates and low home prices, it’s the buyers’ perfect storm! You may never be able to get this much house at this low a payment ever again!

Many of these opportunities are not public. Contact me today and I will send you a representative list of properties that match what you are looking for. There will never be a better time to find that dream home and it will never be more affordable than it is right now.

Short Sales-Foreclosures-Bank Owned..What does it mean?

As a Certified Distressed Property Expert, I still find it extremly sad when I meet with a Seller who has lost a job, divorce or  major health issues which are all factors having a drastic impact on finances.  Many emotions are  exhibited such as embarassment, anger and depression.   The fact that there are many others in the same situation, does little to ease the pain.  Their property must be sold quickly so that they may move on.

Properties which are selling in our current market are those which are priced to sell quickly and in the best condition.   What happens when the properties don’t sell for the price to cover the existing mortgage, commissions and closing fees?  It becomes what is referred to as a short sale.  This must be approved by the Lender when an offer is submitted.  Because the Seller is still on the deed, the offer is tendered to the Seller and when signed, it is  then submitted to the Lender for approval.  Now…this is where the short sale is no longer “SHORT.”  With the large volume of properties at the larger institutions, this could take 6 months or more and the Lender can deny approval at the 6 month point.   Many months go by without any contact from the Lender.  A great deal of patience is needed to complete these transactions.

Foreclosure process:  When a loan is in default,  the Lender files a notice of election and demand for sale with the public trustee in Routt County.  The sale date is set 115-125 days for non agricultural properties. If no one else bids on the property at the sale and when the  foreclosure is complete, the property becomes Bank Owned. 

Bank Owned is your best opportunity to buy at the lowest price.  The banks want to sell and sell quickly.  Check out the short sales and bank owned properties on this site and call me if you have any questions.  I’m here to help you get a great buy in Steamboat.

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Luxury Highmark Condos Going to Auction on March 12!

The Foreclosure Clock is Ticking!!!!   Located at the corner of Village Drive and Apres Ski Way is the 23 unit, elegant Highmark Condo complex.  Opened in 2008, in a prime location just across the street from the ski in/out One Steamboat Place.   Fifteen of these developer-owned condos are going to be auctioned, one will be absolute.   I showed them to some clients from Chicago this past Friday and they fell in love with the superb finishes, like 9′4′ volume ceilings, crown molding, 8′ panel doors with fluted casings & rosettes, 8′ tinted insulated douple glazed french doors onto balconies, high-tech communication outlets with category five data, video/audio, tv and telephone lines.  Gourmet kitchens include custom raised-panel cabinetry with European-style hinges, under counter task lighting, slab granite countertops,  top of the line applicances like GE Monogram Gas Range, built-in side-by-side refrigerator with ice & water dispenser, built-in convection double ovens…etc.  All condos come completely, magnificently furnished.  Amenities include concierge, stand-by shuttle, heated indoor & outdoor swimming pools, spa, private state-of-the-art health & fitness club, secure heated under-building parking garage, owner’s club room with fireplace, game tables, large high-def TV.   What a great opportunity!  For more information regarding the property and how to register for the auction, feel free to give me a ring or email.

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1325 Dream Island Plaza #68 Steamboat Springs, CO

Like Pleasant Surprises???

Cute as a button, this 3 bedroom/1 bath mobile home is like new.  Immaculate in every way, ready to move in .  Great curb appeal from the welcoming red brick pavers to the new redwood-stained front porch.  Remodeled in 2009 to include a new roof, hot water heater,cabinets, carpet, wood flooring,light fixtures, paint and storm windows. New stove, microwave and almost-new refrigerator.  Window A/C unit included. Store all your Steamboat toys in the 10 X 16 storage unit.  Shadow box fenced yard for your pets.  Financing Available.

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 Purchase Price-             $37,500
 70%  Financed                $26,250
 Principal and Interest   $525.00 per month
 7.25% interest for 60 months. 

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1426 Harwig Circle Steamboat Springs, CO

Live in Aspen View Estates

This wonderful, aspen-covered parcel is perfectly located between downtown and the ski area in the highly sought after Aspen View Estates subdivision.   A fairly level building site is ready to go with sewer/water taps pd, soils test done, plan exam fees paid, survey and even the house plans are included. This is a south-facing lot, so take advantage of passive solar and no need to worry about that dreaded north-facing driveway.   Such a rare find within the city limits at this price! Take advantage of Steamboat’s current Buyer’s market.         Sale priced to sell at $325,000.

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23130 Schussmark Trail Stagecoach, CO

Spacious Stagecoach Townhome For $179,900….

This is a one-of-a-kind opportunity to purchase a large 4 bedroom townhome at foreclosure/short sale pricing without all the bank hassles. Why pay more?   This is the best of the best buys in Stagecoach.  First home Buyers…take advantage of that $8,000 tax credit.  Savvy investors…If you’ve been watching our market, you know that this is a true buy.  This unit is immaculate with lots of natural light, but could use some cosmetic updating in the kitchen and baths.  Enjoy breathtaking views of the valley, lake and surrounding mountains when you have your morning coffee.  As you know, the beautiful Stagecoach area with all of its Summer and Winter activities, sells itself.  The exterior siding of Bldg 1 was remodeled in 2005. Low Association dues.  Pets are welecome.

 

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29325 Oak Dr. Steamboat Springs, CO ****Bank Owned Land****

 

Elk River Estates

Calling all bargain hunters…This is the ultimate sunny building site with fabulous views and gentle slope.  Why live in the boonies?   Have the feeling of seclusion and wide open spaces, but with all the creature comforts.  Very private location on the end of a cul-de-sac.  Elk River Estates is a horse-friendly subdivision within 4 miles of Ski Town U.S.A.  A true buy, for it is the only buildable parcel over 5 acres, under 375K within 5 miles of the city limits. This property is priced to sell now at $230,000!  Alpine Bank financing is available for qualified borrowers.

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2524 Copper Ridge Dr. Steamboat Springs, CO

Live/Work/Play in Steamboat Springs                              

This is your perfect business/home combo in Steamboat Springs. Twelve ft roll up door in warehouse to accommodate large vehicles, with double doors opening  into finished office area.  Convenient half bath is located downstairs.  Living space is the ultimate with warm hickory flooring throughout, solid oak doors, cabinets and trim, slab granite countertops and travertine tile in main bath and entryway. Pets welcome. This is an end unit in a very quiet complex. Priced to sell now at $299,000.

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2800 Eagleridge Drive Steamboat Springs, CO

The Meadows At Eagleridge

It’s time to maximize your Steamboat memories.  Have it all…short walk to ski and ride, take a dip in the heated pool and hot tubs, then relax with your  glass of wine on the  huge, huge patio which is perfect for intimate or large gatherings.  Plenty of room for all the family and friends with this open floorplan, 2 bedroom plus den and three full baths. Park your car in the heated parking garage and leave it, for the on-call shuttle bus is at your service. Why lug or ship your winter or summer gear?  Simplify your vacations and store everything in the large owner’s closets.  If you seek Steamboat to relax or play…or both, this is your new Steamboat residence.

Offered At $499,900

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2900 Whistler Rd. #104 Steamboat Springs, CO

Shadow Run 1 Bedroom/1 Bath Condo For $175,000

Here it is…An affordable Steamboat mountain condo right on the free bus route.  Own a part of Steamboat! This is one of the lowest priced Shadow Run units available. Partially furnished,  and it has a full stocked kitchen.  Some remodeling done.  Washer and Dryer in the unit.  Just a short walk to ski & ride. Enjoy the pool and hot tubs too. Pets are fine for owners.  What a fantastic opportunity to purchase now while there are still 100% financing options available…Why wait?  Why rent?

 

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