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.
Arguably the best trees and landscaping around, this in-town sanctuary is conveniently located on the free skier shuttle route, 2 blocks from Elk Avenue dining, shopping and fun. 324 Whiterock was built by Norton Designworks in 2000. Featuring a flexible floor plan, this property will accommodate year-round family living or week long ski trip visits! Enjoy protected views of Mt. Crested Butte from the front porch and Gibson’s Ridge from the upstairs deck, great southern light in the bedrooms and living areas and the incredible landscaping and mature trees of this in-town sanctuary. The 1342 sft unfinished basement currently serves as an office, laundry and storage but will easily convert to a great theatre/media room or additional spaces for guests. The 2-bedroom accessory dwelling earns a handsome monthly income and the main house performs very well as a vacation rental. (110 rental days in 2009) Furnishings are negotiable!
113 White Stallion at Buckhorn Ranch in Crested Butte Colorado!
Gorgeous, well-appointed and located just 10 minutes to the world class skiing in Mt Crested Butte! Built by local builder Fran Guy, this 2200 sft. custom ranch style home is suited for year-round living or second home vacationing! Enjoy a flexible floor plan wrapped in high end finishes from floor to ceiling.
Great Colorado light fills the living spaces and the mountain views from every window are stunning to say the least. The attention to detail is evident throughout this beautiful home – from the glass tile in the bathrooms to the beautiful beam work above to the stylish iron work up the stairs and in the halls.
You will enjoy the quality of this property from season to season and you will take advantage of the perfect setting at Buckhorn Ranch – 5 minutes to the Town of Crested Butte and out the back door to National Forest trails. The oversized 1-car garage will accommodate all the toys and the cool outdoor patio and hot tub compliment this complete Crested Butte home! Details:
2200 sft
630 sft garage
3 bedrooms
3.5 bathrooms
Air-lock entry
In-floor radiant heat
Custom rock fireplace
Outdoor Hot Tub
Private, fenced outdoor patio
Covered porches
Thermal, low-E windows
Bosch washer/dryer
Custom kitchen cabinetry
Stainless steel kitchen
appliances and range hood
Cash is king in the current market with inventory at an all time high and with prices as low as they have been in years. Even without cash, there are still great interest rates for qualified buyers. Now is the time to buy that second vacation home or condo, as described below in this week’s New York Times article.
Skiers Buy Vacation Homes as Prices Fall
By IRENE RAWLINGS
OVER the holiday season all was snowy and bright at ski areas across the country, with a festive jingle in the air. It wasn’t sleigh bells — it was the sound of money. Vacation-home seekers who saw recessionary opportunities were looking to buy.
Many were ready to pay in cash, and they wanted great deals, like a $900,000 slope-side condominium for $500,000 or a studio in town for half the asking price. They were getting what they wanted because it is the best buyers’ market in 20 years, real estate agents said, with inventory at levels not seen since 2001.
720 South Avion represents the best of Buckhorn Ranch.
Located right on the fence-line, this beautiful home features unobstructed views of the surrounding mountains, open spaces and the peace and quiet of the expansive Buckhorn Ranch community. Only 5 minutes to downtown Crested Butte, this 3100 sq. ft, 4 bedroom, 3.5 bathroom home was built in 2007.
Enjoy reclaimed floors, granite, luxurious lighting, high end fixtures and incredible beam work with iron accents in the main living and dining areas and the big master suite. The gorgeous rock fireplace anchors the living area and the picture windows capture the Colorado light and amazing views. The oversized garage will accommodate all the toys!
A picturesque setting with an imaginative style sets the stage for this elegant and relaxing home in the highly desirable neighborhood of Gold Link with access to the Gold Link lift and trails in Winter and extensive biking and hiking trail system in the Summer. Majestic panoramic mountain views – mere words cannot adequately describe their breathtaking beauty — overlook this oversized property and Gold Link open space.
Understated elegance is the beginning of your exploration of this technologically advanced home. The main floor Great Room has soaring ceilings, natural stone fireplace and adjoins the top-tier gourmet kitchen. Three master suites all include spacious sitting areas and beautiful custom tile baths with steam showers. The main floor Great Room has soaring ceilings, natural stone fireplace and adjoins the top-tier gourmet kitchen. Designed for entertaining large groups with ease or small, intimate gatherings. Quality finishes throughout with many custom features: in-floor heating, custom Western red cedar sauna, generous hot tub, 1600 bottle wine cellar, custom ironwood decks and enclosed porch. Professionally landscaped property with circular driveway and island is at the end of a cul-de-sac.
This is truly an exceptional mountain home and location to treasure and enjoy. Come see for yourself and you will need look no further.
Talisker House from the Isle of Skye, just a wee bit of whiskey poured into the foundation for good luck begins the amazing thought given in designing and building this spectacular home.
You can’t find a better ski location to arrive and depart, skis off, throw your gloves in the 2nd laundry, the heated slate flooring warming as you put on your boots. Take a swim or work out in the spa room, of course you can separate the clan by venue, conversation and a real fireplace in the great room or play with TV additional fireplace in the media/game area.
The massive entry stone work is throughout the house in the fireplaces and half bath. Extra touches are quite notable with hand planed English Chestnut floors, custom Cherry doors and trim.
Wishing everyone a Happy New Years and hope that your 2009 was a successful year. Hopefully 2010 will be an even better year.
Next week we will be bringing you all of our 2009 market data. This is definitelysomething to look forward to. We will have everything from single family home data, condo data, land data and also sales comparisons to years past. If you are searching for Crested Butte Real Estate this is the first and only place to look for help.
433 Sixth Street |
P.O. Box 210
Channing Boucher
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