2025 Short Term Rental Updates
Hello and Happy New Year! Silverthorne Owners: The county is going to be officially taking a wait list for new Short Term Rental Licenses in the Upper Blue and Lower Blue Basins (think Wildernest and Blue River). At this time it looks like they will be starting the wait list around the end of January […]
Vacation Homes, Primary Residences, Mixed Use Properties and 1031 Exchange Rules
Vacation Homes, Primary Residences, Mixed Use Properties and 1031 Exchange Rules A 1031 exchange, also known as a like-kind exchange, is a powerful tool for deferring capital gains taxes on the sale of investment real estate. Named after Section 1031 of the Internal Revenue Code, a 1031 exchange allows real estate investors to defer paying […]
Smart Tax Moves to Make Before 2024 Ends
As we reach the end of 2024, it’s the perfect time to optimize your finances and reduce your tax burden. Here are some key strategies to consider before the year ends: 1. Maximize Contributions to Retirement Account One of the simplest and most effective ways to reduce taxable income is through contributions to retirement accounts. […]
4 Pros and Cons of Ski-In, Ski-Out Properties You must Know Before Investing
In the Colorado high country, ski-in, ski-out properties are the epitome of convenience and luxury for winter sports enthusiasts. Imagine stepping out your door, clipping into your skis, and heading straight onto the slopes—no long walks, shuttle rides, hauling equipment or circling crowded lots hoping to find a parking spot. While this type of property […]
Why Home Inspections Are Necessary: A Summit County, Colorado Perspective
Home inspections are a crucial step in the real estate process, giving buyers and sellers peace of mind while ensuring transparency in a transaction. In Summit County, Colorado, home inspections take on added importance due to the unique characteristics of mountain properties. From snow loads on roofs to high-altitude wear and tear, here’s why a […]
How to Set the Right Listing Price for Your Property
When it comes to selling your home, setting the right listing price can be the key to a successful sale. Price it too high, and your property might linger on the market. In this article, we’ll dive into the critical factors that influence how you should price your home, ensuring you strike the perfect balance […]
Conventional Mortgages and The Understanding Behind Them
Welcome to the world of mortgages, where the term “conventional mortgages” is often thrown around. But fear not, we’re here to simplify this common mortgage type in a friendly and approachable manner! Understanding Conventional Mortgages What is a Conventional Mortgage? So, what exactly is a conventional mortgage? In simple terms, it’s a home loan that […]
Credit Score: An Element in Real Estate
If you are not purchasing your new home with cash, your credit holds a significant influence over your ability to secure a mortgage, negotiate favorable terms, and achieve your dream of becoming a homeowner. Your credit score is sometimes misunderstood. Understanding it is a crucial part of obtaining the funds for your new home. Decoding […]
Mortgage: Loan Basics for Beginners
For many, owning a home is part of the American dream. And for most, getting a mortgage is just one of the steps to getting there. In this blog, we will cover some of the mortgage basics, including defining a mortgage, how to get one, introduction to the types of mortgages and the benefits of […]
Simplifying Conforming Loan Limits
When securing a loan for a new home, commonly known as a mortgage, the amount you can borrow is constrained by certain factors. Your creditworthiness and the extent to which you can allocate funds monthly, as influenced by your debt-to-income ratio, play pivotal roles in determining this limit. Lenders adhere to guidelines set by the […]
