Benson Realty Crested Butte433 Sixth Street | P.O. Box 210
Crested Butte, CO 81224
800.249.6653 Toll Free
970.349.6653 Local
info@bensonsothebysrealty.com

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Significant Sale | 378 Phoenix Way

Thursday, August 5th, 2010

378 Phoenix Way - Crested Butte
378 Phoenix Way Exterior
378 Phoenix Way recently sold for $3,000,100.  The significance of the sale was that there had not been a single transaction of this magnitude in the Crested Butte area in over 2.5 years.  378 Phoenix Way was a REO (Real Estate Owned) property that was priced to move, strengthening the thought process that price is a key determining factor in recent sales from the lowest priced properties on the market all the way up to the highest priced properties on the market.  Buyers these days are looking for deals on all ends of the real estate market.
Description of 378 Phoenix Way:
Stunning new premier residence perched high in one of the most coveted locations in Crested Butte, Smith Hill Ranches. Truly some of the most incredible views in the area surround this property. This five bedroom, five full plus two and a half bath property designed by Dan Murphy is being sold “as is” and is close to completion. Most materials are on site. The open floor plan is inviting to share with your family and friends. Amenities include incredible great
room with rustic trusses, oak flooring, oak doors, douglas fir trim, chestnut kitchen cabinets, first floor master, three fireplaces and an outdoor BBQ kitchen. Just minutes from the ski area and town, the location of this 35 acre property is like no other.
Bedrooms: 5
Baths: 5 Full and 3 Half
Finished Sq Ft: 7115
Property was co-listed with Cathy Benson and Kiley Flint of Benson Sotheby’s International Realty and sold by Charlie Farnan of Becky Hamlin Prudential.
378 Phoenix Way

View from Balcony

378 Phoenix Way

378 Phoneix Way Exterior

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When is the right time to buy?

Monday, April 19th, 2010

When is the time to buy has always been one of the most important questions in the purchase of any real estate transaction.  Are prices at the bottom?  Do I wait thinking that prices are going lower?  What if I wait too long and miss the bottom?  All of these questions can make for quite a confusing decision on your next purchase.   Ideally you would like to know exactly when the bottom of the real estate market is so you can make your purchase with the hopes of the market rebounding.  This way you could build equity when market prices rise.

Many people believe we could be at the bottom right now, with this being the best time to buy a home.  Nearly two-thirds of Americans think the time is right to buy a house, with a majority believing prices will be the same or higher over the next year, according to a Fannie Mae survey released April 6.  The 64% that said it is a good time to buy is just shy of the 66% that said the same thing in 2003 as the U.S. housing market was racing higher.

Click here for full survey results.

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New Listing | Lot C-22 Prospect | $1,050,000

Friday, March 5th, 2010
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Lot C-22 | Prospect at Mount Crested Butte

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Lot C-22 | Easy Ski Lift Access

 

Lot C-22 | Prospect at Mount Crested Butte

A classic Colorado setting. Be part of the premier and distinguished ski-in/ski-out community, Prospect at Mount Crested Butte. This 1.61 acre parcel is truly one of the most exclusive ski-in/ski-out locations in all of Prospect. The building envelope has been moved and approved creating maximum separation from neighbors and uncompromised views of the East River valley. The lot and new building envelope are clearly marked with snow poles.

kiley-flint

Kiley Flint

Listed By:

Kiley Flint
970.275.2554 cell
970.349.6653 office
970.249.6653 toll free
kiley.flint@sothebysrealty.com

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Myths about Short Sales

Monday, March 1st, 2010

With many properties either in the foreclosure process or sellers needing to sell their property for less than what they have owed on it, short sales could be the way to go right now if you have the time and patience.  You can sometimes get a property for below market value through the short sale process. If you are interested in short sales or foreclosures contact one of our experinced agents about finding short sale properties in the Crested Butte Area. 

Below are some of the myths that are being circulating about short sales. 

Seven Short Sale Myths

1)  Short Sales are impossible and never get approved.  FALSE

2)  Banks are NOT accepting Short Sales; They are waiting on a bailout.  FALSE

3)  You must be behind on your mortgage in order to negotiate a short sale.  FALSE

 4)  Buyers are not interested in short sales and avoid them.  FALSE (mostly)

 5)  Listing a home as a short sale is an embarrassment.  FALSE

 6)  The bank would rather foreclose than bother with a short sale.  FALSE  FALSE  FALSE!!

 7)  There is not enough time to negotiate a short sale before a foreclosure.  FALSE

Click here to read the full article by Pat Perrota along with the truth about each of the seven myths.

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