Category Archives: Anne Skinner I Colorado Mountain Realty

Remodeling Loans

Many people struggle to find a property they love when the market is improving.  Homes that have been completely remodeled and updated are priced at a premium and often sell very quickly.   This is especially true for those looking to purchase a second home or investment property.


However, there are loans out there that can help you turn that diamond in the rough into your dream home.  Check out these loans for construction and remodeling through Premier Mortgage Group.




  • Flooring Upgrades
  • Kitchen Remodels
  • Room Additions
  • Landscaping
  • Foundation repair
  • Installation of Egress Windows
  • Relocation of a Load-Bearing Wall


  • Purchase & refinance of owner-occupied, primary residence,
    second home & investment properties
  • Eligible property types include attached and detached single
    family residences, condos & PUDs
  • 1 to 4-unit properties (LTV & occupancy restrictions apply)
  • Improvements must be permanently-affixed & add value
    to the property
  • $417,000 maximum loan amount
  • Minimum 640 credit score for owner-occupied
  • Minimum 720 credit score for second-home &
    investment properties
  • Additional restrictions apply


Courtesy of Paula Ramey Stjernholm
Senior Mortgage Consultant
(970) 262-0555 office 
(970) 446-7110 fax


Single Family Home in Dillon Valley

Dillon Valley Home












It is still possible to purchase single family homes in Summit County for under $400K!  Take a look at this great home that is available in Dillon Valley.  Click HERE Contact me for more information or to take a tour!


Note the right property for you?  Let me help you find your dream home in the mountains! 970-389-6987 or


5 things to watch in housing in 2015

Check out this great article from CNBC about some of the upcoming trends we can expect in the housing market in 2015.  Probably the most noteworthy are the new First-Time Home Buyer programs that will only require 3% down.  There are also state and national grant programs to assist with the down payment and the closing costs.


An increased number of “For Sale By Owner” properties are expected. Even if you are already working with a real estate agent and come across a FSBO, most sellers are still more than happy to work with real estate agents who bring them a potential buyer.  Do not hesitate to let your agent know about any FSBOs that you come across.  Most often it is the seller that pays your agents fees.
Don’t forget to contact me to find your dream home in the mountains!
House with FSBO
Getty Images
5 things to watch in housing in 2015
Damian Maldonado, co-founder of American Financing Corp.
The housing market has, by many measures, turned a corner. With the potential for interest rates to move higher, there is much to expect in 2015. Here are five trends to spot:

1. A last call for refinancing.

At its highly anticipated mid-December meeting, the Federal Reserve Board announced it would exercise “patience” when considering raising interest rates. Chair Janet Yellen indicated it would be early April before the board would meet again to discuss an increase in interest rates, meaning that the first quarter of 2015 could signify the end of historically low interest rates.
This means the window is starting to close for refinancing. This is the last call for anyone with a higher rate who has not yet refinanced. This is particularly critical for homeowners who took out an adjustable-rate mortgage.
Buyers who have been sitting on the sidelines should consider how rising interest rates could impact their monthly payments and purchasing power.

2. 3% down payments

If you’re looking to buy your first home and have trouble coming up with a substantial down payment, there are new programs to assist you.
In early December, Fannie Mae and Freddie Mac announced conventional loan down payment programs that allow first-time buyers with good credit to qualify for a fixed-rate mortgage with a 3-percent down payment, rather than 5 percent.
There are stipulations to qualify for the program: Borrowers must meet first-time buyer requirements and they must reside in the home.
There are many states as well as national programs, which offer grants that range from 1 to 5 percent to be used for a down payment or closing costs.
And remember that smaller down payments mean you will pay mortgage insurance in addition to your mortgage payment each month.
These easing loan standards will allow more first-time buyers to enter the market.

3. Millennials may move from being renters to buyers

The millennial generation has been so far highly unlikely to buy homes. This is a group that has been hit with the triple whammy of student loan debt, entering the workforce in a weak jobs environment and tightened lending standards during the financial crisis.
However, 2015 is a year when millennials are likely to become buyers. Rising rents, available housing stock and life changes such as marriage and children will mean that it will make more sense for millennials to become first-time homeowners.
The job market is stronger now, and rents are only going higher. The monthly outlay for rent in many cities can often be more than a monthly mortgage payment, making owning more appealing than renting.

4. Foreclosed homeowners find relief

Those who lost their homes to foreclosure may find their way back into the market in 2015. Currently, these former homeowners can qualify for FHA mortgages. But even buyers interested in a more affordable conventional loan who had a foreclosure seven or more years ago will now see the default events starting to come off of their credit reports.
That could definitely begin to trigger an uptick in new home buying.

5. More ‘For sale by owner’ signs

Low interest rates and down-payment assistance programs could spur more buyers to enter the market, but sellers also have some advantages.
Sellers have become savvy the past few years by using online real-estate tools such as Zillow to price their and list their homes.
I’m seeing an increase in “For Sale by Owner” efforts recently, and this trend can expand beyond the fringes. People are trying to reduce their fees.

Back from South Africa

We just got back from South Africa a couple days ago.  It was an absolutely amazing trip – we had the opportunity to do everything from safaris to snorkeling.  If you ever have the chance to visit, I highly recommend it.  Check out some of the pictures on Facebook!

NAHB Forecasting 6.6 Percent Jump in Housing Starts in 2014






A growing economy, rising household formations, low mortgage rates and pent-up demand will help single-family housing production to rev up in 2015 while a growth in renters will keep the multifamily market at cruising altitude or higher, according to economists who participated in yesterday’s National Association of Home Builders (NAHB) 2014 Fall Construction Forecast Webinar.


Read the full article HERE

September 2014 Land Title Market Analysis

Want to know that the real estate market is doing in Summit County, CO?  Check out the September Market Analysis published by Land Title

September 2014 Highlights:


  • Market Analysis by Area for September: September indicated solid and strong market activity for Summit County real estate.There were a lot of upper end sales from out of state buyers that bumped up our gross volume. There were 272 transactions with $126,325,000 in gross monetary volume. The average transaction price for all 18 reported areas at $468,586, average residential price was up from last month, $506,337 and the median residential price was also up, $413,500. The average residential PPSFwas $311.The Keystone market was finally busy in September with 37 transactions.
  • YTD Transaction Summary: There have been a total of 1413 transactions with $672,341,981 monetary volume, the average transaction price for all 18 reported areas is $476,785. The average residential price is $503,151. The median residential price is $405,000. The average PPSFremains at $312.
  • Market Snapshot for YTD 2014 vs. 2013: Values remain steady and are as follows: Average Indicators for $: Single Family +3%, Multi- Family +4% and Vacant Land +4%.Median Indicators for $:: Single Family +5%, Multi- Family +7% and Vacant Land +70%. These indicators translate that the prices are still fairly stable to last year, increasing slightly especially the median price for vacant land in Keystone and Silverthorne this September.
  • Market Analysis % Change showing years 2004-2014 YTD: September monetary volume ($126,325,000) is up 19% from September 2013, transaction volume (272) is up 7% from September 2013. 2014 YTD(9 months) monetary volume is up 11% from YTD 2013. YTD 2014 transaction volume is up by 4% from YTD 2013. This September had the most transactions since 2007!
  • Residential Market Sales by Price Point : Residential volume in September had 236 transactions with $119,495,600 gross volume. There were 19 properties that sold for $1M and above in September. The most active price point in September was between the ranges of $300K to $400K, with $400K- $500K in second place. There were 84 Single family, 152 Multi-family and 14 Vacant land transactions in September.
  • 2014 Average Price History: Average residential pricing continues to be consistent as of September – Single family is $774,644, Multi- family is at $359,727 and Vacant land is $338,479. This graph on page 7 is a great piece to show your clients that our market has held it’s value over all these years.
  • Historical Cost Breakdown YTD 2014 : There have been 1189 residential transactions YTD 2014 and $598,737,300 gross volume with 91 properties selling for a $1M and over- Compared to 2013 YTD, there were 1104 transactions and $548,737,300 gross volume, 89 properties at $1M and over and in 2012 YTD, there were 842 transactions with $443,289,700 gross volume, 75 properties at $1M and over.
  • Top Lender Graph: There were 591 loans in September, with 60% of the purchasers obtaining financing at the time of sale. 40% of the real estate closings were cash transactions. There were 1220 Refinances. 307 loans were related to Timeshare Sales.
  • Market Highlights: Please see page 10 of the Market Analysis-View the higher priced purchases in September with the second month in 2014 with no bank sales
  • Foreclosures: Foreclosure actions were down again with 7 in September. YTD there have been only 52 Public Trustees Deeds.
  • Land Title Purchaser Highlights ( Page 15):There were 19 higher end sales in September to note- you can see the details on this report. In September, the majority of our buyers for real estate transactions continue to be the Front Range demographic at 43% of our market, only 26% are local and 31% are out of state buyers. Again, out of state buyers were busy in September purchasing some higher end properties in Summit County!

Land Title Guarantee Company September 2014 Market Analysis

Open House Today

Sunday 10/19 11am-2pm


Come see this wonderful Mountain Thunder Condo. It has 2 bedrooms and 2 baths as well as underground parking.  Mountain Thunder has some of the best amenities in Breckenridge, CO and a convenient in town location.  Priced to sell!!! Click HERE for more information


Mountain Thunder Pic



Open House Today!

Open House Friday 10/17 2pm-5pm


Come see this wonderful Los Pinos Condo. It has 3 bedrooms and 2 3/4 baths as well as a 1 car garage.  Less than a 5 minute walk from this unit to the Snowflake lift in Breckenridge, CO. Click HERE for more information



Los Pinos









A Basin opens today

A Basin officially opened for the season this morning at 9am.  A Basin will beat Loveland to opening day this year with 700 vertical feet open on the High Noon run.  Skiers from all over will flock to A Basin this weekend to get their first turns of the season in.


A winter storm adds to the race for the first ski resort to open

Check out this great article from the Summit Daily about how this most recent round of snow has helped A Basin and Loveland get closer to opening

Winter storm dumps fresh powder on Summit County ski resorts


Frisco resident Joe Howdyshell woke up on Monday, Oct. 13, loaded an old pair of skis into his car and drove south.  The 31-year-old bartender learned from friends about a spot in Park County where the wind piled up fresh powder. After a 45-minute drive and a 30-minute skin, Howdyshell took his first turns of the season.  The run was a quick 200-foot vertical on a 25-degree pitch, he said. He found 8 to 9 inches of snow coverage, up to 18 inches in some spots, and hit a few rocks on the way up and out.  “I have a pair of rock skis,” he said. “Everybody needs a pair of rock skis.”


The winter storm that hung around Summit County from Sunday morning to Monday morning brought fresh snow and smiles at local ski areas.  Keystone Resort received 4 inches and began making snow on Sunday, almost three weeks ahead of its Oct. 31 opening day.  Although it is expected to warm up throughout the rest of the week, the resort will continue snowmaking with its recently upgraded equipment as long as temperatures drop low enough.  Other resorts around Summit will do the same.


“It’s been a little bit stop and go this season,” said Adrienne Saia Isaac, spokeswoman for Arapahoe Basin Ski Area, which started making snow on Oct. 1.  The resorts don’t officially track their snowfall until they open, but last year, A-Basin received about 17 inches in the weeks leading up to its Oct. 13 opening day with 9 inches falling in September.  This weekend’s storm brought 5 inches to the resort with snowmakers blowing snow into Monday, racing Loveland Ski Area to be the first Colorado resort to open.  Any rumors about A-Basin’s opening date are still just rumors, Isaac said. But that could change any day.


Every year, the resort announces its opening date 36 to 48 hours in advance, she said. “As soon as we know, we tell the world.”  At Loveland, employees unofficially recorded 8 inches of snow from Sunday’s storm, which later settled to 6 inches, said spokesman John Sellers.  Workers went around knocking snow off the base area buildings, usually a midseason activity, he said, adding that Sunday night was the best night of snowmaking for the resort so far this season.


At Copper Mountain, which will open Oct. 31 like Keystone, spokeswoman Stephanie Sweeney said the resort received 9 inches.  Some of it has been melting, she said, but it has helped out the snowmakers who started officially blowing snow a couple days before everyone else this year.  Copper announced it will have a costume contest to determine who will ride on the first public chair. Keystone also will have costume contests and other Halloween-themed festivities for opening day.


At Breckenridge Ski Resort, the last Summit County resort to open on Nov. 7, a snow stake recorded about 9 inches from the storm.  Colorado forecaster Joel Gratz, of, correctly predicted 5 to 7 inches at the resorts along Interstate 70 as well as the season’s first Vail Pass closure on Sunday.


On Monday, he wrote that the mountains shouldn’t receive another winter storm for the next 10 to 15 days.  “I’d count on a tranquil weather pattern through most of the rest of the month,” he wrote, with potential storminess after Oct. 25.