Lights, Camera, Action! This photo shoot was for an upcoming feature in Vail/Beaver Creek Magazine, but of course, I had to make it fun and take a selfie with some of my fellow compadres at LIV Sotheby’s! Make sure to check out the professional shot in the summer issue. I’m continuing to stay busy with clients and have over $22M closed or currently under contract since January 1st of this year. The low inventory is indicating more of a seller’s market right now, but that doesn’t necessarily mean that anything goes. Buyers are savvy and the homes that are moving quickly are those that are competitively priced and in more sought-after areas.
For buyers in a low inventory market, my top solution to success is having your paperwork prepared and a competent advocate you trust to represent you. Remember to think outside the box – there are still various opportunities for buyers with high-end remodels, rental properties and more.
As interest rates are starting to go up, my second tip to success is using a “same as cash” program to give you a leveraging tool for offers when competing against cash buyers. My third tip is for buyers to get underwritten prior to writing an offer as this will provide a sense of security to a seller that the contract will get across the finish line. Feel free to ask me about more details on any of those above.
With all that said, whether you are a buyer or seller, there is always a way to reach your goal and I would welcome being the one to help you get there!
A Look at Colorado Property Taxes
The amount of taxes payable annually on a property is determined by the assessment process and the total mill levies for the taxing authorities that provide public services. The County Assessor establishes the value of all property for tax purposes and the taxing authorities then use the assessed value to determine their mill levies.
A mill is 1/10th of a penny or $1 revenue for each $1,000 of assessed valuation.
If you have specific questions about property taxes in Eagle County, feel free to ask!
In Real Estate News…
As we near the end of the ski season on May 1st, inventory levels continue to remain historically low, which is leading to both sales numbers and volume being down compared to the record highs of last year. The low inventory and continued high demand throughout the Vail Valley means it is a seller’s market and buyers need to be prepared when house-hunting! For now, the number of new listings is still slightly outpacing the number of new contracts, which a good sign for prepped buyers who are ready to purchase!