Keats Ann Scott, CRS
Colorado Dreams
I can send you a list of everything currently for sale in
Summit County, just ask.
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I can send you a list of everything currently for sale in
Summit County, just ask. |
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Colorado Dreams |
Colorado Dreams Broker December 2008 Newsletter ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
in this issue Now we have winter. It's been snowing off and on since Thanksgiving (isn't this the pattern of last winter?) I know you skiers are happy! I'm happy too, it's time to get out the snow shoes and cross country skis. Yes, Virginia it is possible to get a loan ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The media continues to give the impression that financing a home is very difficult. Well, it is if your credit is below par, plus you do need to put some of your own money into the transaction. I can't stress enough how important it is to use a local lender who is familiar with Summit County properties and our market. There even seems to be a difference between our local Wells Fargo Mortgage brokers and ones out of the area. Besides you as a buyer having to qualify, the bigger hurdle in some cases is that the property must qualify. If the lender sees that other units in a condo complex are vacation rentals or investments then the condo won't qualify for some loan programs. You can still get a loan but the interest rate will be higher and it may be an adjustable rate. Each complex must be reviewed by the loan underwriter, which means reading the home owners association documents and reviewing the budget. A lot of the time the easy part of the process these days is making sure the buyer is qualified. Our local lenders have gone through the condo review process on many of the complexes and the one you like may already be on the "OK: list. If not, they are used to the process and know what to do. I have lenders who I've worked with for years. The reason I like them is that they will be straight with you and not lead you on. These days there are many variables on what your interest rate will be. The big three are; your credit score, how much you put down and as I've mentioned before, the property. Let me put you in touch with our local lenders before you start the buying process. Update on my listings ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Most of my listings have sold or have been taken off the market. But I can sell anything listed in the mls. You can search the Summit County MLS on my web site. Lake Cottage in Heeney This home looks small from the street but your jaw will drop when you get inside. Knotty pine throughout, it's the quintessential lake cottage. A large open living area with lake views opening to a giant deck. Eat-in kitchen with all the modern conveniences (unusual for Heeney). The antique cookstove which is used as woodstove in the living area is a real charmer. One bedroom and a bath with shower on the main level, downstairs is a small family room, two bedrooms and a full bath with claw foot tub. There is also inside storage for a small boat or other toys and workshop. The location is almost on the shore of the Green Mountain Reservoir. Adjacent to forest service land, only about 150 feet from the lake shore (when the reservoir is full). The seller is part owner in a dock too. More info plus the tour on my web site $495,000. Two Acres on Green Mountain Reservoir $385,000 Really neat land adjacent to forest service land which is surrounding the lake. Ready to build with well and septic for a four bedroom home in place. Give me a call to find out about this unique property. More pictures Heeney Property For Sale Currently the liquor store and bait shop. Almost an acre of land, three buildings, the business and fixtures. The buyer will purchase the inventory separately. You aren't limited to liquor store and bait shop, B-1 zoning has lots of options. It's possible for the owners to live on the premises too. $350,000. More Info Rainbow Village Condo Move right in and make yourself at home. Fully furnished two bedroom two bath condo across from Rainbow Park in Silverthorne. This can be your Summit County headquarters for hiking, skiing, biking and relaxing. A second floor unobstructed view of Red and Buffalo Mountains. Price reduced to $260,000. This condo is now under contract The Silverthorne townhome closed last week for $265,000. The log home south of Breckenridge is off the market. Other Properties I have liked ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ These aren't my listings, but I can sell them. Normally a lot of properties come off the market for the winter. This year some have, but there is still a good selection. There are some good values in single family homes right now. For $399,000 a three bedroom one and a half bath home on a fenced .27 acre lot. New carpet and paint inside and out plus a two car attached garage. Not real big, but adorable ranch style three bedroom two bath home. 1147 square feet, hardwood floors, two car garage with workshop. $434,000. This and the two homes mentioned above are all in Dillon Valley. This one is at the end of a cul-de-sac with four bedrooms and two baths, 1800 square feet, large eat-in kitchen, vaulted ceiling in the living area and moss rock gas fire place. Attached two car garage too, Priced at $459,000. For the price of a two bedroom Keystone condo you could own this single family home that is within walking distance of the slopes. Two bedroom plus bonus room, two bath and 1440 square feet. No home owners dues. $399,900 Let me know if you would like more information on any of these properties. Lender News ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ One reason that I wrote my lending article is that rates are down right now. If you have a good credit score and the property qualifies, local lenders have able to do loans at 5.5% for a thirty year fixed rate. The rates are changing daily and vary depending on the property type, credit scores and documentation required. Call me, I work with lots of good lenders. If you would like to know what you can qualify for just give me a call or email and I'll put you in touch with some of them. Search the Summit County MLS ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ You can search everything for sale in the Summit County MLS from my web site at: www.coloradodreams.com/idx.htm Call me (or email) if you would like the latest list of everything currently for sale. Go ahead and forward this email on to any friends and family who are interested in Summit County Colorado real estate. Your referral is the greatest compliment you can give me. My toll free number is 800-571-1091 or 970-485-0793 or send an email to keats@coloradodreams.com. Holiday Greetings ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Have a wonderful holiday season. Cherish your family and friends. May 2009 be your best year yet! I do stick around Summit County for the holidays, so if you want to look at property, just give me a call 800-571-1091
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