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What Your Money Can Buy ~ Spacious & Private Condo in Keystone

by Allison Simson

Spacious & Private Condo in Keystone

1378 square feet in Keystone for $325,000?  It’s not a typo, it’s a deal!  This Pines at Keystone Condo offers 2 bedrooms and 2 full bathrooms plus a loft with 2 twin beds.  Everyone can have their own space, or keep packing the people in and take advantage of lots of floor space for even more sleeping options!  2044 Pines is being sold fully furnished, which enables you to move right on in and start enjoying all of the reasons you wanted to own in Summit County in the first place. 

You will love the privacy and great wooded views from the large deck.  Not all condos in this complex have a deck, but this choice property certainly does, increasing your living space even more.  A truly spacious interior with vaulted ceilings gives you the feeling of more than 1378 square feet.  The master suite is located on the living level, with an additional bedroom, bathroom and loft up the stairs.  Lots of large closets make this condo even more livable as your mountain retreat.  Cozy up in front of the wood burning fireplace at the end of a long day and make yourself at home.  At the entrance to the building you’ll find a ski locker so you don’t have to store all of your ski gear in the condo.  The Pines at Keystone complex has a huge clubhouse with swimming pool, hot tub, sauna and laundry.  Pets are allowed for homeowners and you can access the rest of Keystone on the convenient shuttle bus. 

Priced at $235/square foot and with a deck, this is the lowest price per square foot Pines unit available.  Short term gross rental revenue with similar properties has averaged over $16,000 the past 2 years with Keystone Property Management.  Short term rentals are an efficient way to help offset some of the costs of ownership.  Don’t wait until interest rates go up and inventory levels go down, give your broker or Summit Real Estate a call today! 

  

Looking to Buy?  Not ready to speak to a broker?  Visit www.SummitHomeBuyer.com

Meet Lynn Sustad, Kelie Gray and Anna Willis, the Buyer Specialist Team at Summit Real Estate-The Simson / Nenninger Team.  Devoted to working with Buyers, these Specialists tour hundreds of homes and commit to having the most comprehensive knowledge in the market.  A member of the Buyer Specialist Team can be reached at (800) 262.8442 or (970) 468.6800, www.SummitRealEstate.com or email us at [email protected]

 

Question: I am going to remodel an older home in Silverthorne. What types of remodeling projects give the greatest increase in property values?

 Answer: Many homeowners upgrade their residences with property value increases in mind. The key for these consumers is to determine which improvements will produce the most value for the money.

According to Remodeling magazine's annual Cost vs. Value report, kitchen remodels are the most profitable upgrade, offering homeowners an 88 percent return on project costs. Some homeowners actually stand to lose money on a sale if they fail to modernize their kitchens and bathrooms, says Vince Butler of the Northern Virginia Building Industry Association Remodelers' Council.

On the hand, homeowners only recoup an average of 55 percent on the costs of a home office, making it the least profitable improvement. Remodeling investment returns are tied to the properties' values, as well as local market conditions.

 

For answers to your real estate questions, call Allison at 970-468-6800. Email - [email protected]. Allison is a long time local in Summit County. Summit Real Estate – The Simson/Nenninger Team is located at the Dillon Ridge Marketplace. Allison’s long-time residency and years of real estate experience can help you make the most of any buying or selling situation. She’s a Certified Residential Specialist (CRS), the highest designation awarded to a Realtor in the residential sales field.  Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.  Want to know the value of your Summit County property? Visit www.SummitHomeValue.com  

Here's some good news from Vail Resorts

by Allison Simson

Here's some good news from Vail Resorts that you might find interesting:

Good news article!

Have a great day and remember.....

"When actions are not focused on the 20% that matters, the results don't show up.  Doing a lot of things is never a substitute for doing the right things."  

 

Warmly,Go Green 2

Allison Simson, Owner/Broker
Lynn Sustad, Buyer Specialist
Kelie Gray, Buyer Specialist
Anna Willis, Buyer Specialist
Kristi Warner, Client Care Manager
Margaret Bowes, Transaction Coordinator

Making an Offer: Tips for Painless Purchase

by Allison Simson

Question: Allison, what is the best way to make an offer on a property?

 Answer: The great number of properties on the market and still-attractive interest rates make now an excellent time for buyers to purchase a first or second property.

Prospective buyers should obtain written mortgage approval from lenders for the amount they will spend on a home, as well as find a Broker who knows the local market and is skilled in negotiating. Your Broker will find answers to questions that could influence the purchase price.

When negotiating, prospective buyers avoid low-balling their first offer; but they should have a good idea of how much room they have to negotiate. Have your Broker give you the most comparable sales, and then take them with a grain of salt.  We are in a rapidly changing market and the only sales that are truly comparable are those that are pending – that have not closed yet, but have a contract on them.  Those sales are the most current and will give you the best idea of property sales in the area you are interested.  Don’t reveal how much you are willing to pay and do be prepared for counter-offers.

Keep in mind that having too many conditions will make your offer less attractive to the sellers. Prospective buyers should focus on trying to get their dream property at a fair price.  Just about every seller in the county right now is saying, “We’re not going to give it away!”  Your job with your offer is to help the seller understand that they are not giving it away, but actually getting fair market value.   

Finally, prospective buyers should never sign a contract for purchase and sale until they have reviewed the document.   You wouldn’t believe how many people we find have not read and understand the contract they have signed.  Take the time to go over it with your Broker.

For answers to your real estate questions, call Allison at 970-468-6800. Email - [email protected]. Allison is a long time local in Summit County. Summit Real Estate – The Simson/Nenninger Team is located at the Dillon Ridge Marketplace. Allison’s long-time residency and years of real estate experience can help you make the most of any buying or selling situation. She’s a Certified Residential Specialist (CRS), the highest designation awarded to a Realtor in the residential sales field.  Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.  Want to know the value of your Summit County property? Visit www.SummitHomeValue.com   

 

What your money can buy ~ The Home You’ve Been Waiting For

by Allison Simson

The Home You’ve Been Waiting For

This Duplex is awesome, it’s nestled in the trees with dedicated open space right out your front door! So grab the dog and head out for your Summit adventure in the mountains.

 This home has a well thought out floor plan with two bedrooms, two full baths, and a huge loft that can be used as another bedroom, a recreation room, office, or 2nd family room.  It has a main floor living room, dining room, kitchen and master bedroom.  The living room is spacious and bright with vaulted ceilings and a wood burning fireplace to warm you after your day on the slopes. You’ll love the kitchen because it comes equipped with all new, high end, stainless steel appliances.  There is a private deck off the living room that’s handy for grilling in the summer or just relax and enjoy the peace and quiet. Downstairs you’ll find another bedroom and full bath with an entrance to the two car attached garage.  There’s room for all your toys with extra storage in the garage, and also an enclosed space off the loft. It’s hard to find a home in Summit County that doesn’t have Homeowners fees…but this one doesn’t have any!

 Be sure to check out 3711 Silverheels Drive today, it’s priced to sell at $330,000.00.

Currently, this is one of six duplexes for sale in Silverthorne/Wildernest, and it’s the only one with a two car garage.  

   

Meet Lynn Sustad, Kelie Gray and Anna Willis, the Buyer Specialist Team at Summit Real Estate-The Simson / Nenninger Team.  Devoted to working with Buyers, these Specialists tour hundreds of homes and commit to having the most comprehensive knowledge in the market.  A member of the Buyer Specialist Team can be reached at (800) 262.8442 or (970) 468.6800, www.SummitRealEstate.com or email us at [email protected]

Interest rates on the rise

by Allison Simson

This just in from one of our favorite lenders:

Volatility for home loan rates has already begun. The Fed did what they set out to do - purchasing $1.25 Trillion in Mortgage Backed Securities, and succeeding in their plan to lower home loan rates and help stabilize the housing sector. And even though they stretched out the length of the program slightly - in order to soften the impact of the end of the program - the training wheels are now off, the safety net is gone, and home loan rates have already moved higher. In fact - as the Fed will now gradually become a seller of their massive holdings of Mortgage Backed Securities - rates are very likely to continue to move higher still.   

Even after home loan rates took a jump higher last week, they still remain at reasonably low levels - which makes right now a crucial time to take advantage of the opportunities that exist, including the Homebuyers Tax Credits which are down to their last month. To take advantage of the generous credits, purchase contracts must be signed by the end of April. If you or someone you know has questions about this credit - please don't wait to get in touch with us.

I thought that everyone in the world would have heard about these tax credits, but I just found out that my Aunt (a very smart and savvy woman whose house is on the market) hadn't yet heard the news- so I'm going to continue to get the word out until it's over!

And now for your Tuesday Coffee Break..."Nobody can go back and start a new beginning, but anyone can start today and make a new ending."    ~  Maria Robinson   

 

5 tips for tapping energy credits

by Allison Simson

Get tax savings for home improvements

Question:  I’ve heard a lot about the tax credit for first time homebuyers and move-up buyers, but I’m interested in more details about tax credits that are available for energy saving improvements we’d like to make to our home in Silverthorne.  What can you tell me?

 

Answer:  Good question!  According to Mary Umberger of Inman News there are some great improvements you can make in 2010 that not only have the potential to reduce your monthly utility bills -- they also could put a dent in your taxes.

They are tax credits that homeowners can get through a federal stimulus package passed last year.

In particular, the Existing Home Retrofit Tax Credit covers an array of energy-saving fix-ups -- from installing certain kinds of windows to powering your house with a windmill -- that qualify for a credit, according to Calli Schmidt, environmental communications director for the National Association of Home Builders.

The tax credit for many of the energy-saving changes could be good for as much as $1,500, she said. If you want to upgrade your heating or cooling or switch to alternative forms of energy, the potential tax credits can go much higher.

Five things to know about the home-improvement tax credits:

1. The simplest changes that qualify for the credits involve buying and installing approved products that improve the energy performance of the home itself, such as insulation, insulated siding, doors and windows, some types of roofing and skylights, and others.

The credit for these products is 30 percent of the cost (but doesn't include the cost of installation), up to $1,500. NAHB materials explaining the tax credits offer a typical example: Upgrading inefficient insulation (from R-19 to R-38) in the attic of a two-story, 2,000-square-foot-house in Chicago might cost about $1,000, but the tax credit would reduce the cost to $700.

2. If you go the second route and install a new furnace, air conditioning, tankless hot-water heater, heat pump, geothermal system, biomass heater, or solar or wind installation, the credits could go much higher.

Again, the credit amounts to 30 percent of the purchase cost, but there's no dollar cap on these, she said. A big-ticket example: Spending $25,000 for a rooftop solar-heat panels would net a $7,500 tax credit.

3. "In addition to the federal incentives, many utilities and municipal, county and state governments are also offering incentives for buying and installing certain products," Schmidt said.

For example, New Mexico offers tax credits to help cover of the cost of installing geothermal heat pumps; Indiana offers credits for qualified water heaters, furnaces, central air conditioning and programmable thermostats.

A state-by-state guide to these tax credits and other incentives is at the Database of State Incentives for Renewables & Efficiency-- www.dsirusa.com.

4. The federal offering isn't a tax deduction (which whittles down your taxable income), but a credit -- which reduces the actual taxes you owe Uncle Sam. It applies only to your principal residence, not to vacation homes.

Being a tax law, of course, it has myriad details and exclusions. To file for the credit you'll need Internal Revenue Service form 5695; you'll also need to hang on to both the itemized product-purchase receipts and the labels from those products.

The credit also could apply to home improvements you may have made in 2009, so if you did some fix-ups last year that improve your home's efficiency you might be able squeeze them into your last-minute IRS filing or consider an amended return if you've already filed. Again, however, documentation is critical.

5. For further information on the tax credits, you can visit EnergyStar.gov. The homebuilders also have details at NAHB.org/efficiencytaxcredit.

 

 

For answers to your real estate questions, call Allison at 970-468-6800. Email - [email protected]. Allison is a long time local in Summit County. Summit Real Estate – The Simson/Nenninger Team is located at the Dillon Ridge Marketplace. Allison’s long-time residency and years of real estate experience can help you make the most of any buying or selling situation. She’s a Certified Residential Specialist (CRS), the highest designation awarded to a Realtor in the residential sales field.  Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.  Want to know the value of your Summit County property? Visit www.SummitHomeValue.com   

Displaying blog entries 1-7 of 7

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Photo of Summit Real Estate Real Estate
Summit Real Estate
The Bright Choice
330 Dillon Ridge Way, Suite 10
Dillon CO 80435
970-468-6800
800-262-8442
Fax: 970-468-2195

Allison Simson, Owner/Broker, is a licensed Colorado Real Estate Broker