Creating Revenue with Your Real Estate Investment: The Ins and Outs of Short-Term Rentals in Grand County

Having a mountain home is on so many people's bucket list. How could you not love quick and easy access to those deep-powder days, out-the door trails that are hallmarks of a wealth of Grand County properties, cool summer evenings soaking in a sunset over the mountains from your backdoor, and the laid-back escape from urban life?

Often purchasing a mountain property without rental income potential might not be financially realistic. Other times, homeowners simply want to capitalize on those days their place would otherwise be empty in order to optimize their investment. And other investors recognize the draw of our beautiful mountain valley…

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A Closer Look at NAR's Proposed Settlement: Making Sense of What It Means for Buyers + Sellers

If you're on the pulse with real estate news, we're sure you've heard about the National Association of Realtors' recent settlement proposal. With all the buzz around it and speculation across the board, it can be tricky to make sense of what it truly means and how it affects both buyers and sellers moving forward.

If this is all news to you, we'll catch you up on the basics: the National Association of Realtors (NAR) recently proposed a settlement for a global lawsuit regarding agent compensation policies and home listing requirements. With court approval, the changes are scheduled to go into effect in mid-July 2024.

Sifting through the legal…

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Out of State Seller? Colorado Requires 2% Tax Withholding at Closing

The last thing you hope to encounter when get to the closing table on your real estate transaction is an unexpected cost. We're here to keep you informed and prepared as you consider buying or selling a property - our decades of experience in the local Grand County market allow us to streamline your process and minimize the unexpected as we prepare you for closing day. 

One common surprise that can come for sellers is Colorado's 2% withholding tax on "nonresident" real estate transactions. Those not in the real estate world might never have heard of it, which just another reason having a realtor in your corner is key!  

At closing, out-of-state sellers will pay the title…

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Thinking About Selling? Get to Know the Ins + Outs of the Process to Streamline Your Sale and Maximize Profit

Whether you're sizing up, sizing down, moving out of town, or cashing in on your mountain real estate investment, you want to get the best return possible on your mountain property. Understanding what to expect and the value of a local realtor in the process before you list your property will help streamline the selling process and bring you to the closing table with maximum profit. 

THE PROCESS

1. Interview: Find the right Realtor for you

Having a local Realtor who is familiar with the market is key. Informed property descriptions set your listing apart, and top-notch marketing coupled with access to local resources increase…

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Did you know...Colorado offers a property tax exemption for seniors? 

With many property owners taking a renewed interest in property taxes after the recent valuation we thought it was relevant to share the resources available to seniors (65 or older) as well as disabled veterans around property taxes.

There are three requirements to qualify:

  1. The qualifying senior must have reached the age of 65 by January 1 of the qualifying year.
  2. The qualifying senior must be the owner of the property, and must have held this status for at least ten consecutive years before January 1.
  3. The qualifying senior must use the property as their primary residence and must have done so for at least ten consecutive years before January 1.
…

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Need comparables to support an appeal or see what comparables may have been used in your property valuation? Contact Angela or Leah today! 

Helpful links: 

  • https://www.co.grand.co.us/DocumentCenter/View/21740/2023-Property-Valuation
  • https://www.co.grand.co.us/DocumentCenter/View/21864/Real-Property-Protest-Instructions_2023
  • https://www.co.grand.co.us/FormCenter/Assessors-Office-22/Real-Property-Protest-Form-160

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The Ins + Outs of the Buying Process: What to Expect When Searching for and Purchasing a Property

Are you on the lookout for a new property in the Winter Park area? Or maybe just starting to dream about the potential of having a home in the mountains? Or is Grand County already home and you hope to invest in a place of your own and get out of the competitive rental market? Regardless of where you are in your property search, without the right knowledge and a seasoned local broker in your corner, the process of buying a property can feel daunting. We are committed to being by your side every step of the way, giving you the information, tools, and support to put you at ease and streamline the buying process.

You might know exactly what you're…

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The Play-by-Play for Building Your Dream Home in Grand County

Still looking for the property that meets all your non-negotiables when you search Grand County's current listings? Building a home from the ground up just might be the best fit for your situation! Whether you already own a piece of property here in Grand County or are on the search for vacant land, knowing the ins and outs of the building process will help prepare you for what to expect as you build your dream home in our little slice of paradise. 

THE COST

So many factors play into the cost of building a home. Our goal is to help you make informed decisions and minimize surprises should you be considering building. One key thing to factor in is Grand County's extreme climate.…

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The Stats Speak: 2022 Brought Continued Growth in Property Value Along with Encouragement for Buyers 

It's likely we've all settled into a state of not knowing in some aspects of our lives. The pandemic prepared us for expecting volatility, pivoting, and embracing the question mark. While real estate values increased significantly and (for most) surprisingly throughout the pandemic, 2022 sang a somewhat different tune. Across the board, Grand County average sales prices increased from 2021 to 2022. As most of us know, the rise in mortgage interest rates, specifically in the second half of the year, caused the market to adjust and settle into a more sustainable growth pattern. Property value growth slowed, and potential buyers and sellers could…

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Shopping for a New Mortgage Loan? Find the Best Lender for You by Asking the Right Questions!

Navigating the nuances of the mortgage lending market can be daunting. The ins and outs of home borrowing can leave most of us nodding along in confusion as we're flooded by a sea of acronyms and financial jargon. Finding the right lender in the midst of your property search might be overwhelming. We're here to help you take a deep breath and be as prepared as possible as you interview potential lenders. 

Whether you're looking for a conventional loan for a new home or property purchase, a refinance for a construction or current traditional loan, or a cash-out refinance to capitalize on the equity in your property, knowing what information to gather is…

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