With all the mortgage turmoil that is going on, do you have any suggestions about getting the right loan?
Question: We’re in the process of applying for a mortgage to finance our second home in Wildernest. With all the mortgage turmoil that is going on, do you have any suggestions about getting the right loan?Answer: The mortgage market is undergoing ...
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Posted by Allison Simson on August 22, 2007 in Archived
Boomer 'Elites' Will Pay a Premium for Homes
Question: Of course, we’ve all heard the term “Baby Boomers” but I recently heard the term “Boomer Elites”. What is that? Answer: Good question! Baby boomers are touted as being the wealthiest generation in U.S. history. But only one in 10 are ...
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Posted by Allison Simson on August 22, 2007 in Archived
SecondSpace enters second-home market
Venture-backed startup launches two Web sites targeting second-home ownersAccording to Elizabeth Sweesy, SecondSpace, a Bellevue, Wash.-based Internet startup backed with venture funding, launched two real estate Web sites today targeting the ...
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Posted by Allison Simson on August 22, 2007 in Archived
Finding perfect house is all about timing
Question: Allison, We want to buy a home in Frisco, Colorado, and have been looking for only a week or so. Our Realtor tells us the second home market in Summit County- and especially Frisco is moving very briskly and we’ll have to act quickly. My ...
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Posted by Allison Simson on August 22, 2007 in Archived
Things to know before buying a vacation home
Question: What are some of the major items one should consider before buying a vacation home?Answer: According to Inman news reports, market conditions, taxes and hazard insurance are among the top concerns for buyers of second homes. Although there ...
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Posted by Allison Simson on August 22, 2007 in Archived
Surprising things happen when owners are ignorant of land-use laws
Question: We are selling our property in Frisco and just found out that the neighbor’s deck ”encroaches” on our property. Is this a big problem?Answer: That’s a good question. Second-home getaways often are used only during specific times of the ...
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Posted by Allison Simson on August 9, 2007 in Archived
New twist on popular reverse mortgage
Question: Allison, what do you know about reverse mortgages? I this just a gimmick?Answer: Reverse mortgages definitely are on the rise. Senior homeowners are taking equity out of their longtime residences to make ends meet during their retirement ...
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Posted by Allison Simson on August 9, 2007 in Archived