Tag Archives: CO Mtn Realty

So You Wanna Buy a House? Step 8: Ace the Inspection

Inspections can be a big hurdle in buying or selling a home. Jamie Wiebe from Realtor.com explains how to “Ace the Inspection.” Here in Summit County I can recommend great inspectors and handymen for anything that may arise from the inspection. You can contact me here.

So You Wanna Buy a House? Step 8: Ace the Inspection

Jamie Wiebe

Pamela Moore/iStock

A home inspection can be a terrifying process to newbie buyers: What if the house you adore has major problems hiding beneath that shiny new coat of paint? If you lie awake haunted by visions of mold or “foundation issues,” it’s time to take a deep breath. This installment of our weekly 2016 Home-Buying Guide illuminates everything you need to know about home inspections, and how (as scary as they might seem) they exist to protect you from a very bad deal.

Here are some insights into how to make the most of this all-important step. OK, exhale.

Hire a top-notch inspector

While it may be tempting to hire any run-of-the-mill home inspector to get the job done—particularly if the price is right—the inspection is no time to cut corners. After all, buying a home is an enormous investment. “Everyone does themselves a disservice when they shop by price alone,” says Alan Singer of Sterling Home Inspections in Armonk, NY. “Plenty of inspectors don’t know what they’re doing and set up shop because it’s easy to do.”

So, first, check your local requirements: Many states require an inspector to have a license or insurance, and not having either is a big, waving red flag. Even if insurance is not mandated, you’re better off choosing an inspector who is insured, which protects both of you against errors and omissions. Membership in a professional trade organization, such as the National Association of Home Inspectors, indicate the inspector is up-to-date on the latest developments in the field—another giant plus.

Attend the inspection

Even though you will receive a written report after the inspection, you should attend the inspection while it’s being done. It provides a valuable opportunity to learn all about the inner workings of your would-be new home. “I much prefer it when buyers are there so we can discuss the home in person,” Singer says. “It’s much easier to explain the ramifications of an issue when we’re standing in front of it.” Plus, it sure beats deciphering a 10-page report about HVAC or plumbing problems.

So, don’t be afraid to ask questions. Really stick your nose into the inspection. You and your inspector will be looking at all sorts of things you might have skipped during your showings, like the attic and crawl space, and under the sinks. Don’t be scared to delve into the details. Even the best home will receive a laundry list of to-do’s and potential problems, and fixing them will be much easier with a hands-on understanding of the issues involved. Consider it free (and invaluable) fix-it advice.

Don’t panic (until it’s time to panic)

The vast majority of issues raised during an inspection are reparable—after all, as Singer describes it, you’re buying a “used home.” Just like a used car or an old computer or second-hand clothing, there are bound to be problems. Some of them may be small and easily fixed, like leaky pipes and rattling doorknobs. But if an inspector discovers a majorproblem—with, say, the foundation or water intrusion—even that may not be a deal killer. In fact, it could be a bargaining chip you can discuss with the sellers before closing the deal.

Work with your real estate attorney and agent to determine the best approach. If your offer was contingent on a successful inspection (and most are), you have a good basis to request that the current owners make repairs before closing. You’ll want to get this in writing, along with provisions if the sellers fail to fix the problems.

But there’s no obligation for sellers to address the inspector’s discoveries. If they aren’t willing to shoulder the burden, you need to assess whether the cost of a new roof—or mold abatement, or fixing the foundation, or whatever the problem is—is worth the reward. With no solution beyond paying $30,000 from your own pocket, you might need to move on to a more habitable home. “People get very invested in the home they want to buy, and it all becomes a very overwhelmingly emotional experience,” Singer says. “But they need to listen to the advice of the inspector, take a look at the financial ramifications, and make a clear-headed decision.”

Hopefully, all will go well and your inspector will say it’s fine to move in. At that point, most homeowners move on to an even more intimidating step: Locking in the terms of their home loan. Stayed tuned for that installment of our Home-Buying Guide next week.

Mountain Events: February 5th – 7th


All weekend be sure to check out the Snow Sculptures in Breckenridge at night all lite up for great photos.

Friday February 5th, 2016

Apres Ski Yoga: 4:00p Elevated Yoga & Holistic Health, Frisco.

Climbing Club Session Begins: 4:30p Breckenridge Recreation Center, Breckenridge.

“What do you see when you ‘see red’”?: 5:00p ART of the Valley Gallery, Avon.

Kevin Danzig & Faith Crawford: 5:00p The Motherloaded Tavern, Breckenridge.

Dave Perron Acoustic: 6:00p The Ritz-Carlton, Bachelor Gulch, Avon.

Kevin LaCarrubba: 7:00p Fireside Bar at the Vail Cascade Resort, Vail.

Late Night, Date Night, Create Night!: 7:00p Ready Paint Fire, Breckenridge.

Roxy Roca: 9:00p Barkley Ballroom, Frisco.

Saturday February 6th, 2016

14th Annual Beacon Bowl & Apres Party: All Day, Arapahoe Basin Ski Area.

Ballet Technique with Christine Armitage: 8:30a Old Masonic Hall, Breckenridge.

Beyond V1 Nordic Skate Clinic: 10:00a Gold Run Nordic Center, Breckenridge.

Girls in STEM @ Keystone Science School: 10:00a Keystone Science School Campus, Keystone.

Kids in the Kitchen: 10:30a Vail Recreation District Community Programming Room, Vail.

Mardi Gras 4Paws: 3:00p Frisco Main Street, Frisco.


Dos Equis Apres: 3:30p Copper Mountain, Copper.

Mardi Gras Ball: 6:00p Vail Marriott Mountain Resort and Spa, Vail.

Pre-Game Canvas Painting Party!: 7:00p Ready Paint Fire, Breckenridge.

Honey Puddle: 9:30p Snake River Saloon, Keystone.

Sunday February 7th, 2016 (GO BRONCOS!!)

Snowmobiling Tour: 8:00a, 10a, 12:30a, 2:30a snowmobiling, Dillon.

Pop into Art! With Karen Fischer: 10:00a Fuqua Livery Stable, Breckenridge.

Base Nine Watch Party & Tailgate Buffet: 4:00p Base Nine Bar (Beaver Run), Breckenridge.

Super Bowl 50 Party: 4:30p Kenosha Steakhouse & Rita’s, Breckenridge.

The New Mastersounds!: 8:00p Warren Station,

Mountain Events: January 29th-31st

International Snow Sculpture Championships: Sculpting week ends on the 30th, but then the viewing week with the sculptures beautifully presented at the Riverwalk Center is from Jan 30th-February 7th. Be sure to stop by and see these amazing works of art. Check out GoBreck.com for a full schedule of events!

Fire Arts Festival: January 28th-31st, 2016 Go to BreckCreate.com for more information on all of these fun events throughout the weekend.

Friday January 29th, 2016

Children’s Arts: 10:00a Lionshead Welcome Center, Vail.

Oh, The Places You’ll Go! 25th Anniversary Gallery Exhibition: 11:00a Exclusive Collections Gallery, Breckenridge.

Pickleball Drop-in: 1:00p Breckenridge Recreation Center, Breckenridge.

Kevin Danzig & Faith Crawford: 2:00p Breckenridge Ski Resort, Peak 8 Base Area, T-Bar Restaurant, Breckenridge.

Apres Ski Yoga: 4:00p Elevated Yoga & Holistic Health, Frisco.

Late Night, Date Night, Create Night: 7:00p Ready Paint Fire, Breckenridge.

Kyle Hollingsworth Band w/ Analog Son: 9:00p Barkley Ballroom, Frisco.

Saturday January 30th, 2016

Abominable Adventure Winter Run: 10:30a Camp Como, Como, CO.

Met Opera Live In HD: Turandot, Puccini: 10:55a Colorado Mountain College, Breckenridge.

Free Glassblowing Demonstrations: 2:00p GatherHouse, Frisco.

The Swing Crew: 3:00p The Last Lift Bar, Keystone.

Kevin LaCarrubba: 3:00p Fireside Bar at Vail Cascade Resort, Vail.

Union Gray: 9:30p Snake River Saloon, Keystone.

Sunday January 31st, 2016

Snowmobiling Tour: 8:00a, 10:00a, 12:30p, 2:30p Snowmobiling, Dillon.

Summit Foundation Cup Series 2016: 10:00a Copper Mountain Resort.

Telemark Sunday Funday: 10:00a Metropolitan Beaver Creek.

Frisco Cup Challenge Nordic Race: 10:00a Frisco Nordic Center, Frisco.

Kevin Danzig Performs: 8:00p The Sonnenalp Hotel, Vail.


5 Reasons Why A 2007-Style Real Estate Meltdown Is Unlikely Now

Daniel Goldstein explains why a Real Estate Meltdown like 2007 is unlikely. The Land Title Guarantee Company complied this article originally found on MarketWatch.com.


Photo by Justin Sullivan/Getty Images

5 reasons a 2007-style real estate meltdown is unlikely now



The real-estate industry is on much more solid footing

 When it comes to investing in the stock market, you may lose your shirt, but you probably won’t lose your home. In fact, when the equity market gets rough, real estate tends to be a life raft for investors seeking safety.

“Real estate is Americans’ preferred investment for money that they won’t need for at least 10 years and that hasn’t changed,” said Greg McBride, chief financial analyst with New York-based Bankrate.com. “Nervous investors always look to real estate rather than shy away from it in times of volatility.”

While stocks around the globe are off to a rough start in 2016, it doesn’t necessarily mean déjà vu all over again, at least when it comes to a repeat of the real estate tumble that began in 2007 but accelerated sharply following the 2008 rout of the equities market, when home prices in late 2011 were down more than 20% from their peak in spring of 2007.
Here’s why you shouldn’t be panicking if you’re looking to buy or sell a home:

Interest rates should stay low

With the latest bout of declining equities, the pace of further Federal Reserve rate increases is likely to slow, according to Kevin Finkel, senior vice president of Resource America Inc. REXI, -4.94%  , a real-estate investment trust in Philadelphia. “It would take a lot more than the volatility we’re seeing now for them to get knocked off the current course of raising rates, but will they slow down [coming rate hikes]? Probably.”

The Federal Reserve raised interest rates a quarter point last month, the first time since 2006, but minutes from the Dec. 15 to Dec. 16 meeting showed that not all of the bankers were completely on board with the initial rate hike, despite the unanimous vote, because of concerns over inflation being less than expected.

The Fed isn’t “chomping to follow up last month’s rate hike as early as this month, or possibly even in March unless the economy, and possibly inflation, shows more spunk than shown recently,” said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto.

While the refinancing boom has slowed, that’s only because the majority of Americans who could refinance to a fixed rate have already done so, so the impact of “rate-shock” when short-term adjustable rate mortgages (ARMs) readjust will be minor compared with what happened between 2007 and 2012, when many Americans could no longer afford their new housing payments and defaulted.

Currently, despite an increase in bank repossessions rising almost 60% in November 2015 compared with a year earlier, the percentage of loans in foreclosure nationally is the lowest level since 2007, according to the Mortgage Bankers Association. Foreclosures reached a peak of 4.6% in 2011 at the height of the real estate bust.

“The recent rise in bank repossessions represents banks flushing out old distress rather than new distress being pushed into the pipeline,” said Daren Blomquist, vice president of Irvine, Calif.- based RealtyTrac, a real-estate research company.

There’s less risk of a new mortgage bubble

Unlike the 2005 to 2012 mortgage meltdown, when so-called liar loans and exploding ARMs flooded the market, the subsequent pullback in credit may have been overly tight, but it does mean in 2016 there are fewer real estate bubbles waiting to pop. While it’s true there are markets that have seen incredibly inflated real-estate values such as San Francisco and New York, it’s not fueled by unsustainably loose credit standards.

“The changes that have taken place over the past five to seven years have built a more stable foundation” in the mortgage industry, said Michael McPartland, a managing director and head of investment finance for North America at Citigroup’sC, -6.41%   private bank. “There just aren’t a lot of the exotic products like interest-only [loans] and super-high loan-to-value [mortgages],” he said. “If things slow down, there will be a contraction, but not a pop.”

McPartland says it may be harder for borrowers to afford a 20% down payment and monthly interest payments that are principal and interest, instead of just interest-only, but the flip side is increased home equity (the national average is 30% equity), so home buyers are less likely to leave the keys on the counter and walk away if things go bad. Foreclosure starts in July of just over 45,000 were the lowest level since November 2005, nearly a 10-year low, according to RealtyTrac.

Foreclosure starts in November 2015 of just over 36,000 were the lowest level since December of 2005, near a 10-year low, according to a Dec. 10 report from real estate data firm RealtyTrac. “What we can expect is for foreclosures to continue falling as banks clear through their backlog of inventory,” Matthew Gardner, chief economist at Windermere Real Estate in Seattle, told RealtyTrac last month.

Help for first-time home buyers

Last year, the Federal Housing Administration began reducing mortgage insurance premiums on loans by an average of $900 a year, in an effort to nudge first-time home buyers and millennial borrowers who might not have much cash for a down payment to finally enter the housing market. The effort appears to have worked, with FHA loans jumping to 23% of all financed purchases in the second quarter of 2015, up from 19% a year earlier, according to RealtyTrac data. The FHA and other federal moves to increase credit, along with a strengthening economy, may just help boost the market for new mortgages in 2016 as much as 10% over last year despite the increase in interest rates, Mike Fratantoni, the chief economist for the Mortgage Bankers Association, said in December.

Those other federal moves include Fannie Mae and Freddie Mac making lower down payment loan options available to more borrowers. In 2014, the agencies began to buy loans with just a 3% down payment, or 97% loan-to-value ratio. Fannie Mae also announced in 2015 that it would allow income from a non-borrower household members to be considered as part of a loan applicant’s debt-to-income ratio. That could help some borrowers, who might have family members on Social Security or disability living with them, or a renter in a basement apartment, to boost their income levels and help them qualify for a loan.

Lower oil prices

At the end of 2008, gasoline prices, which had risen to a record $4 a gallon nationwide that summer, had crashed to under $2 a gallon. In that case, the cheap gas (and diesel) wasn’t a good thing, as the worldwide economy was shuddering to a halt.

While China’s economy is still contracting, the U.S. economy isn’t, so the lowest gas prices since 2009, with the national average now under $2 a gallon, are likely to help the housing market.

“The continuing drop in gas prices is freeing up valuable disposable income,” says Resource America’s Finkel, which can help Americans absorb higher rent payments, or move up to a more expensive property.

Job growth

While jobs typically are a lagging indicator of an economic downturn, the U.S. has had a slow but steady rate of job creation for the past five years. Even with weakness seen during the summer, job gains in 2015 will top 2.5 million, making it the second-best calendar year for U.S. job growth in this millennium, after last year’s 3.1 million. The last time more jobs were created in a two-year period was at the height of the dot-com boom, in 1998-1999.

“The economy continues to create jobs, and the quality of jobs being created has improved as the economic recovery has progressed, with professional and business services leading the way,” said Bankrate’s McBride. “This is indicative of an economic recovery that is sustainable.” And while in this economy, wages have been slow to recover, and it’s been a challenge to get long-term unemployed Americans who no longer count in the official jobless statistics to return to the job market, the job growth has been good enough to boost the housing sector and lure millennial borrowers off the fence.

“If wage growth materializes in a broader way, this will be the catalyst for many existing homeowners to put their homes on the market and finally look for the move-up buy, boosting housing and alleviating the inventory shortage,” McBride said.


This story was updated on Jan. 7, 2016.

7 Things People Forget to Do Before They Move

Realtor.com is at it again with their helpful list for new homeowners. Margaret Heidenry outlines 7 helpful tips for the big move into your new home. My favorite is “1 day before: Snap pictures of your electronics.” It’s such a helpful hit that can so easily be overlooked.


7 Things People Forget to Do Before They Move

Want to Buy? Here’s When In Summit

Want to Buy? Here’s When in Summit County

Many people ask me when is the best time to buy a home in Summit County. That’s a complicated questions but generally we have the highest number of properties for sale in the spring, summer and fall.  Frisco, Breckenridge, Dillon, Silverthorne and all of the other towns have a very prevalent and profitable rental market in the Winter months due to the plethora of ski resorts right on your door step.

Many people who are looking to sell their homes, will remove their homes from the market over the winter and then put them back on the market in the spring. We see a reduction of properties for sale by almost 50% if not more during the winter. However, properties start springing up left and right around March. If you have been considering buying your dream mountain, now is a great time to get your feet wet and see what is available. By spring time, you will be educated and savvy enough to be ready to move forward with your purchase. 

Anne Skinner

Contact me today to be set up on an MLS search so you can see what is available as soon as it hits the market!

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When Should You Sell Your Home?

When should you sell your home? 

The basic answer is whenever you are ready. However, there are many factors that should also be considered:

  • Are there a lot of available properties?
  • How do the other properties stack up against your home?
  • Is your home in pristine condition and market ready?

In Summit County, many properties are taken off the market for the winter to be used as vacation rentals. Therefore, there is much less competition and a greater number of buyers vying for the available properties. In the last couple years, there has been a shortage of properties for sale throughout the year leading to higher prices and making it more of a seller’s market. If you have been considering selling your home, don’t wait!

Anne Skinner

Contact me for a free Comparable Market Analysis to learn more about the value of your home.

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Wanna Buy a Home? Clean Up Your Credit Score

Your credit score is a major factor in buying a home. It is important to understand how best to set yourself up for success. Thanks to Jamie Wiebe and Realtor.com for outlining some helpful tips in getting your credit score under control. 


So You Wanna Buy a House? Step 1: Clean Up Your Credit Score

Jamie Wiebe

It’s easy to fall in love with the idea of buying a home. You’ve got it all planned out: a five-bedroom home in your favorite neighborhood with a manicured lawn and—why not?—a nice pool.

Well, it may be the middle of winter now (we haven’t even tossed our Christmas trees yet, actually), but you’ve got a lot to do before prime home-shopping season this spring. So if you really want to land that dream home, you’d better get started now!

We’re kicking off our 2016 guide So You Wanna Buy a House? Each week, we’ll show you the next step to prep your finances, save for a down payment, find your dream home, and then finally ace the deal. (We’ll also have a 2016 guide for home sellers kicking off tomorrow.)

Step 1 is to clean up your credit score, also called a FICO score—a simplified calculation of your history of paying back debts and making regular payments on loans. If you’re borrowing money to buy a home (as most do), lenders want to know you’ll pay themback in a timely manner, and a credit score is an easy estimate of those odds.

Here’s your crash course on this all-important little number, and how to whip it into the best home-buying shape possible by spring.

Pull your credit report

There are three major U.S. credit bureaus (Experian, Equifax, and TransUnion), and each releases its own credit scores and reports (a more detailed history that’s used to determine your score). Their scores should be roughly equivalent, although they do pull from different sources. For example, Experian considers on-time rent payments while TransUnion has detailed information about previous employers.

To access these scores and reports, financial planner Bob Forrest of Mutual of Omaha recommends usingAnnualCreditReport.com, where you can get a free copy of your report every 12 months from each credit-reporting company. It doesn’t include your credit score, though—you’ll have to go to each company for that, and pay a small fee.

Or check with your credit card company: Some, including Discover and Capital One, offer free access to scores and reports, says Michael Chadwick, owner of Chadwick Financial Advisors in Unionville, CT. Once you’ve got your report, thoroughly review it page by page, particularly the “adverse accounts” section that details late payments and other slip-ups.

Assess where you stand

It’s simple: The better your credit history, the higher your score—and the better your opportunities for a home loan. The Federal Housing Administration requires a minimum credit score of 580 to permit a 3.5% down payment, and major lenders often require at least 620, if not more. So what can you do if your credit report is in less than shipshape? Don’t panic, there are ways to clean it up.

Dispute any errors

A 2013 Federal Trade Commission study found that 5% of credit reports contain errorsthat can erroneously ding your score. So if you spot any, start by sending a dispute letter to the bureau, providing as much documentation as possible, per FTC guidelines. You’ll also need to contact the organization that provided the bad intel, such as a bank or medical provider, and ask it to update the info with the bureau. This may take a while, and you may need documentation to make your case. But once the bad info is removed, you should see a bump in your score.

Erase one-time mistakes

So you’ve made a late payment or two—who hasn’t? Call the company that registered the late payment and ask that it be removed from your record. “If you had an oopsy and missed just a payment or two, most companies will indeed tell their reporting division to remove this from your credit report,” says Forrest. Granted, this won’t work if you have a history of late payments, but for accidents and small errors, it’s an easy boost for your score.

Increase your limits

One no-brainer way to increase your credit standing is to simply pay off your debt. Not an option right now?  Here’s a cool loophole: Ask your credit card companies to increase your credit limit instead. This improves your debt-to-credit ratio, which compares how much you owe to how much you can borrow.

“Having $1,000 of credit card debt is bad if you have a limit of $1,500. It isn’t nearly as bad if your limit is $5,000,” Forrest says. The simple math: Although you owe the same amount, you’re using a much smaller percentage of your available credit, which shines well on your borrowing practices.

Pay on time

If you’re often late with payments, now’s the time to change. Commit to always paying your bills on time; consider signing up for automatic payments so it’s guaranteed to get done.

Give yourself time

Unfortunately, negative items (such as those habitually late or nonexistent payments) can stay on your report for up to seven years. The good news? Changing your habits makes a big difference in the “payment history” segment of your report, which accounts for 35% of your score. That’s why it’s essential to start early so that you’re sitting pretty once you’re shopping for homes and find one that makes you swoon.

Once you’ve set your credit on a better path, it’s time to tackle the next major hurdle: saving for a down payment. Stayed tuned next week for the steps!

The 4 Most Important Mortgage Documents You’ll Sign

Your signature is needed on so many documents when buying or selling a home. As of October 2015 there are new documents you need to sign for your mortgage. Not only does having a realtor help you keep track of everything, but they can help you manage getting it all done. Zillow blog examines the 4 most important documents you’ll have to sign for your Mortgage. 


The 4 Most Important Mortgage Documents You’ll Sign

When it comes to buying a home, knowing your way around the paperwork will help you feel more confident on closing day.


Laws effected in October 2015 require home buyers to sign new documents during the mortgage process. Here’s a look at what has changed, and what you’ll be signing if you buy a home now.

Mortgage disclosure law changes in 2015

Consumers financing homes in the U.S. are protected from fee abuses by two main regulations: the Truth In Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA).

Respectively, TILA and RESPA protect you from closing cost abuses and prevent housing service providers (like lenders, real estate agents and title companies) from giving each other referral fees for your business.

The Consumer Financial Protection Bureau (CFPB) enforces TILA and RESPA, and on October 3, 2015, the CFPB combined all previously required mortgage rate and fee disclosures into two simple forms to make it easier for consumers to understand their mortgages. This initiative is called the TILA-RESPA Integrated Disclosure Rule (TRID).

The Loan Estimate and Closing Disclosure

The two forms TRID created are called the Loan Estimate and the Closing Disclosure.

The Loan Estimate must be provided to you within three days of applying with a lender, and it replaced the Good Faith Estimate and Truth In Lending disclosures home buyers used to get prior to October 3, 2015. It details loan terms, projected payments over the life of your mortgage, and line item closing costs.

The Closing Disclosure must be provided to you at least three business days before closing on your mortgage, and it replaced the final settlement statement, which was also known as the HUD or HUD-1. It looks almost exactly like the Loan Estimate, but adds a breakdown of costs paid by buyer versus seller versus third parties. This means you’re reviewing final terms in the same format you saw in the Loan Estimate initially, and you’ve got three days to digest it before you close.

Make sure you read and understand the specific timing rules lenders (and you) must follow with these disclosures when closing a home purchase or refinance, because they could affect how long it takes to complete the mortgage process.

If you agree to go forward with closing after the Closing Disclosure’s three-day waiting period, you’ll also need to sign a full set of loan documents. Among those, the following two are most important.

The promissory note (aka “the note”)

The note is your loan contract, and contains the terms of your loan (such as 30-year fixed or 5-year ARM); specifies the rate, payment intervals and payment changes along the way; and states whether you’ll incur a prepayment penalty if you pay off the loan early.

In the note, you agree that your home is security for the loan, so your lender will have a claim to your property if you don’t repay according to the note’s terms. This note provision will refer to a separate document that’s the “security instrument,” called a mortgage or a deed of trust.

The security instrument (aka “the mortgage” or “the deed of trust”)

Both a mortgage and a deed of trust pledge the property as security for the note. Fannie Mae provides a list that specifies which states require mortgages vs. deeds of trust so you know which one you’ll sign along with your note based on where you live.

Depending on the loan you choose, you’ll need to comply with one of these three occupancy provisions contained in all mortgages and deeds of trust:

  • Owner-occupied. You must move into the property within 60 days of closing and live there as your primary residence for at least one year. Then you’re allowed to use it as a rental or a second home.
  • Second home. You can only use the property as a second home and aren’t allowed to rent the home.
  • Non-owner-occupied. You’re paying a higher rate for this loan, so you’re free to convert occupancy to owner-occupied or second home if and when you see fit.

El Niño…

With more snow expected tonight I’m just going to leave this here…

Summit County has started out the season really well. Whether it’s because of El Niño or not we’re excited about all the snow.

For the full clip check out NBC.