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Summit Real Estate's Very Own BEST OF SUMMIT- Kelie Gray

by Summit Real Estate

Kelie is truly honored to have been nominated & her team here at

Summit Real Estate is super proud ​to support her! 

We have voted for her and would love for you to

join us in voting for the BEST! 

 

VOTE FOR KELIE

Go to Services> Real Estate Agent

About Kelie:

It is Kelie’s goal to help you focus on your mountain real estate needs so that you can move on to new adventures. She truly listens and works diligently on your behalf, while keeping your goals in mind.  Her love of the mountains, extensive knowledge of the local real estate market, and long career of helping buyers and sellers in Summit since 2002 will help get you where you want to be.  Real Estate is her Specialty and helping others is her Passion!

“Moving to Dillon from Iowa in 1999 was the best decision I ever made. The midwest is  a wonderful place to be from, but I look forward to raising my family in the mountains! I would be honored to help you find the mountain property of your dreams, and listening to your needs and goals is always a good place to start. Whether you're looking for a vacation home or looking to make Summit County your permanent home I hope that I can share my love for the mountains!"  

Kelie's Success Stories told by her clients: 

 "Quite simply put, Kelie is THE best. She knows her stuff and possesses a plethora of pertinent, far ranging information. Though every agent has access to all mls listings, it’s what they do or do not do that is important. Kelie KNOWS what to do!Gary Moore's 5 Star Google Review

HUD to Announce Long-Awaited FHA Condo Rules

by NAR

The U.S. Department of Housing and Urban Development is expected to release updated guidance tomorrow on FHA-insured condominium financing. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options.
 

Specifically, the new rules will:
 

Extend FHA certifications on condo developments from two years to three years, reducing the compliance burden on condo boards.

Allow for single-unit mortgage approvals—often known as spot approvals—which will enable FHA insurance of individual condo units, even if the property does not have FHA approval.

Secure additional flexibility in the ratio of investors to owner-occupants allowed for FHA financing in a condo building.
 

The full guidance will go into effect in mid-October, 60 days from publication.
 

“Condominiums are often the most affordable option for first time home buyers, small families, and those in urban areas,” said NAR President John Smaby, in a statement issued to the media Wednesday morning. “We are thrilled that (HUD) Secretary (Ben) Carson has taken this much-needed step to put the American dream within reach for thousands of additional families.”
 

Since 2008, NAR has championed policy changes in condo lending. NAR has sought rules that would allow the owner-occupancy level to be determined on a case-by-case basis and that would extend the approval period for project certification to five years.
 

NAR’s existing-home sales report for June showed condominium and co-op sales at a seasonally adjusted annual rate of 580,000 units, a decline of 3.3% from May and 6.5% from June 2018. With more than 8.7 million condo units nationwide, only 17,792 FHA condo loans have been originated in the past year.
 

“This ruling, which culminates years of collaboration between HUD and NAR, will help reverse recent declines in condo sales and ensure the FHA is fulfilling its primary mission to the American people,” Smaby said.
 

The full rule for single-family condo financing is scheduled to be published in the Federal Register on Aug. 15, 2019, and available online at https://federalregister.gov/d/2019-17213, and on govinfo.gov.

ABasin to Join Ikon Pass starting winter 2019-20!!!!

by Summit Daily

FRISCO — Arapahoe Basin Ski Area announced Friday morning that it would partner with Alterra Mountain Co. and join the Ikon Pass starting this winter.

The news comes more than five months after A-Basin ended its more than 20-year partnership with Vail Resorts on Feb. 18 citing overcrowding in its parking lots, facilities and restaurants.

“We think we’re ready to go this on our own,” A-Basin chief operating officer Alan Henceroth said in February, and spokeswoman Katherine Fuller said in March that A-Basin was “discussing opportunities with several resorts and resort groups.”

In an email blast announcing the news Friday, Henceroth said the new pass partnership would provide more “elbow room” than in previous seasons.

“I think everyone that has been skiing here for the last several years has realized how busy we’ve become, and we really wanted to address that,” Henceroth said on the phone Friday.

Asked how joining another pass product would help with crowding, Henceroth said the scale of Ikon is nowhere near the scale of Epic.

“We are very confident this is going to address the crowding issues we’ve been talking about for a while,” he said.

Henceroth said the Ikon Pass partnership also will help reduce crowds because the passes offer a limited number of days with blackout periods.

Ikon passholders will have seven days at A-Basin with no blackout dates, and Ikon Base passholders will get five days with blackout dates over the holidays.

“We’re committed to getting quite a few less people here over those busy periods,” he said.

Also in the Friday email blast, Henceroth said he personally skis at many of the Ikon Pass resorts — including Alta and Snowbird in Utah, Jackson Hole in Wyoming and Squaw Valley Alpine Meadows in California — and that their brands are “in sync” with A-Basin.

“We really think when we look at the Ikon partners … we think those are resorts whose brand is really in sync with our brand, and people who like to ski A-Basin will like to ski those places, too,” Henceroth said.

“For us, it’s really about maintaining the culture and the vibe” of A-Basin, he said.

The news means Summit County is now split with Breckenridge Ski Resort and Keystone Resort on the Epic Pass and A-Basin and Copper Mountain Resort on Ikon.

The news also puts the pass war tally even in Colorado, with six resorts on each pass:

Ikon Pass: A-Basin, Aspen Snowmass, Copper, Eldora Mountain Resort, Steamboat Resort and Winter Park Resort
Epic Pass: Beaver Creek, Breckenridge, Crested Butte, Keystone, Telluride and Vail

Sell this Summer? Here are 4 Reasons

by KCM

Some Highlights:

Buyer demand continues to outpace the supply of homes for sale. This means that buyers are often competing with one another for the few listings that are available.
Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
Now may be the time for you and your family to move on and start living the life you desire!

Displaying blog entries 1-4 of 4

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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