Breckenridge Real Estate Blog

Breckenridge Real Estate a Brilliant Investment

Mortgage rates followed other interest rates lower this week, with the average 30 year fixed rate mortgage now at the lowest level in almost four years. Freddie Mac’s weekly report says 30-year fixed rate mortgages averaged 5.48 percent this week, down from 5.69 percent last week. It is the fourth consecutive week mortgage rates have declined.

While real estate is always a wise investment, Breckenridge real estate is a brilliant one. Breckenridge has been growing in leaps and bounds, and with the completion of the newest lift and lodging at the resort, Breckenridge will continue to be an international destination. The newest gondola has completed all connections for the four peaks that make up the ski area, catapulting Breckenridge further into the world-wide spotlight for its outstanding winter sports.

As the population and tourism increases in Summit County, it will outpace the national averages. This means that Breckenridge, as well as its real estate value, will be growing faster than the rest of the country. Land in Breckenridge has become increasingly more valuable, more quickly. It’s as simple as that.

Breckenridge has four mountains with terrain for any ability level and one 140-year-old Victorian town with shopping and dining for every taste–just think great snow, rich history, and vibrant nightlife.
Here are some things to keep in mind if your planning a day on the slopes.

Colorado Ski Condition Report

Rental Resource
A FREE Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.

REAL ESTATE RESOURCE

If you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

Breckenridge Ski Resort – high alpine resorts, champagne powder, glorious sunshine, unbeatable service, great lodging and dining, historic villages,
Breckenridge’s long history with snowboarding began in 1985 when it became the first resort to host the snowboarding world championships. Today Breckenridge remains the top go-to resort with it’s top-ranked pipe, park, and snowboard programs.

Breckenridge has four mountains with terrain for any ability level and one 140-year-old Victorian town with shopping and dining for every taste–just think great snow, rich history, and vibrant nightlife.
Here are some things to keep in mind if your planning a day on the slopes.

Word of the Wise
Hydrate, hydrate, hydrate. At 10,000 feet, altitude sickness can hit hard and fast- proper hydration will help keep it at bay. Ski with a buddy. Even on a powder day!
Know your limits. Don’t let someone talk you into trying a run beyond your skill level. Space not speed. Slow down, Speed Racer! It’s not NASCAR. Watch your speed and keep your distance when on crowded slopes. Look up hill when trails merge. Seriously? Don’t make us explain. Obey all posted signs. If it’s closed, it’s closed for a reason… even if the snow is whiter on the other side of the fence!

Diet Tips
Do you get cold when skiing? Sometimes what you put in your body is as important as what you put on your body. Body heat comes from what you eat. When you are active, you burn calories, and that produces heat. So what are the best foods to eat to fuel your muscles and to keep you warm? Well, it may not be exactly what you think. Believe it or not, you need some fat in your diet!
Carbohydrates burn quickly and if you rely on them alone you’ll constantly have to refuel. Fats on the other hand, burn long and slow so they last throughout the day.

The muscles you use in skiing require you to replace energy as you burn it to work efficiently. The best way to fuel your system and to stay warm is a balance of 40% Carbs, 30% Protein, and 30% Fat. So at breakfast, go for the pancakes and bacon, not just the plain bagel.

Colorado Ski Condition Report

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.

REAL ESTATE
If you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

Good News for Once

Colorado Department of Revenue reports sales tax collected for December 2007 rose 28 percent to $161.6 million from the same month of 2006. Collections of sales tax for the first half of the states 2007-08 fiscal year, which started July 1, 2007, increased 9 percent to $1.08 billion from $991.3 million for the same period of the previous fiscal year.

We don’t like to talk about taxes and we certainly don;t like to hear them increasing, going up or government getting more. The truth is it is a necessary evil and it gives those I sometimes refer as smarter then I run the state, fix the roads etc.. It helps all have a better quality of life.

However in lieu of the current economic condition of wall street and talk of a recession on an increase an increase in the collection of sales taxes means people have money to spend. Colorado’s third largest industry is tourism. It’s a stealth industry. It’s our third-largest source of revenue after the military and manufacturing.

You drive by a hotel and you don’t think of the 160-200 employees who have jobs there. More than 14,000 people are employed locally by the tourism industry. I see this as a positive for the people is Colorado.

Breckenridge remains a hot destination. Buoyed by good snow, great national press, strong real estate sales, a wider variety of activities and more terrain, Breckenridge ski resort is attracting bigger crowds and filling local cash registers.

Traffic at state ski areas continue to rise 2007 was up 1.4 percent from the before year, according to industry trade group Colorado Ski Country USA. The volume has grown for a number of reasons, experts say, including the addition of resort amenities that appeal to destination visitors and technological advances in equipment that help baby boomers keep skiing longer.

The recent explosion of mountain real estate development and a very strong real estate has also helped grow a base of faithful skiers.

The weaker U.S. dollar also has drawn more international skiers to Colorado than in past seasons, and Europe’s dismal snow this past winter has helped continue that trend, said Colorado Ski Country spokeswoman Molly Cuffe.

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.

REAL ESTATE
If you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

New luxury developments continue at Breckenridge Ski Resort. Pricing of new condos is approaching the $1,500 per sq. ft. level.

Peak 6- Plans for a new lift and 450 acres of new terrain are formally on the table. About six trails totaling 67 acres would be clear-cut below timberline. An additional 285 acres including intermediate, advanced-intermediate and expert skiing terrain would be above timberline and lift served. Breckenridge Ski Resort also proposes to construct a top terminal ski patrol and warming hut and a bottom terminal food and beverage facility.

Peak 7- Construction of the sold-out Crystal Peak Lodge and Grand Lodge continues. The relocation of Ski Hill Road from its present location, down to the new Peak 7 base area is expected to occur this summer. The 17.22 acre ski-in estate site ‘Pristine Villaggio’ is available with an asking price of $5.4 million. Based on current pricing at condo developments, one lucky owner could own either 8,000 sq. ft of condo space or ‘Pristine Villaggio’ with its 750,000 sq. ft. of land, and construct a 10,000 sq. ft. luxury residence for the same price!

Peak 8- One Ski Hill Place, a 90 unit development at the base of Peak 8 is the newest luxury offering by Vail Resorts. Prices range from $963 to $1,385 per square foot. Construction is scheduled to begin in May, pending pre-sales, and due for completion for the 2009-2010 ski season.

Shock Hill- The Shock Hill Lodge & Spa, will be located at the midway station of the new BreckConnect Gondola. The most expensive condominium in Breckenridge (pre-sale- under contract) of $3.8 million will have views of Pristine Villaggio and the Breckenridge Ski Resort. The project consists of 100 units being released in six phases.

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.

REAL ESTATE
If you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

SUMMIT COUNTY – An open house to present plans for new lifts and trails on Peak 6 at Breckenridge will not be held in January as previously announced by the U.S. Forest Service. No new date for the meeting and the start of the formal Forest Service review process has been announced yet.

The Forest Service is set to begin evaluating a ski area proposal to add 450 acres of traditional downhill and hike-to skiing accessed by a single lift on Peak 6. According to a press release issued last month, the agency will do a full-blown Environmental Impact Statement (EIS), the highest level of environmental review, for the project.

Plans for a new lift and 450 acres of terrain on Peak 6 at Breckenridge were formally on the table back in November. The proposal includes the development of new terrain and associated infrastructure at Peak 6. The project encompasses 450 acres of traditional downhill and hike-to skiing accessed by a single lift. About six trails totaling 67 acres would be clear-cut below timberline. An additional 285 acres including intermediate, advanced-intermediate and expert skiing terrain would be above timberline and lift-served. Breckenridge Ski Resort also proposes to construct a top terminal ski patrol and warming hut and a bottom terminal food and beverage facility.

“Breckenridge accommodates more visitors per acre than other surrounding ski areas”. If you would like to make a comemnt or voice your concern you can do so.
Comments should be sent by mail to Forest Supervisor Maribeth Gustafson, c/o Roger Poirier, Winter Sports Program Manager, P.O. Box 948, Glenwood Springs, CO 81602-0948. Comments can also be e-mailed to: wrnf_scoping_comments@fs.fed.us. Please include your name, address, telephone number, organization represented, if any; the fact that you are commenting on the Breckenridge Peak 6 proposal and specific facts and supporting reasons for your concern.

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.

REAL ESTATE
If you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

Allow me to share some of my insights about the real estate industry with you and offer up some solid advice.

I have been a licensed Realtor since 1995. During this time I have successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. My professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

Eight percent of people now go on-line to start their home search, (NAR). If your going to sell your home make sure the agent has a real estate website he or she can feature your home in that is ranked in the top 5 in Google, MSN and Yahoo in the organic search term results and most importantly in the same market your home is located in. For example your home is located in the Denver Colorado market. Make sure the website is ranked as I’ve described for search terms Denver Colorado Real Estate or Denver Colorado Homes. You would think Denver would be enough but there are over 7 cities named Denver located throughout the United States. If they are not ranked in the top 5, the benefit of your home being featured on their website will be virtually non-existent. Most pay per click sites are irrelevant and lack content. Here today gone from the search position tomorrow. Thats why the search engines don’t give them a high organic ranked placement. They suck!

Relocation companies have outlived their usefulness. The internet can put you in touch with experienced Realtors in just about any area imaginable. How better to decide if a particular Realtor is the right one for you, then you! Financial incentives to you offered by a “relocation company or corporate buyout”, usually come back to you in the form of poor service, working with inexperienced agents and at a cost of thousands to you. The number of years a person has a real estate license is not the standard you should use to determine if they are qualified to work with or not but the number of transactions and sales volume. The average Realtor sells between 12-15 homes a year. The majority sell between 6-8.

Relocation companies get their money to offer these so called “deals” buy getting into the pockets of agents they refer you too. High quality agents will refuse to play the game. This is because after they invest their time and resources to help you, split with their broker, pay taxes and pay a relocation company financially, it is a “bad” business decision for an agent to get involved in. All the relocation company does is search the internet for a agent in your area or the intended area your considering to move, call up the agent and procure a referral agreement before sharing information about you to them or visa versa. Some even try to control the sales process placing the brokerage firm in a legally compromising position.

With the amount of information available to you on the internet these days. Relocation companies are a thing of the past and have worn out their true usefulness. If you decide to work with a Relocation company, Interview several real estate agents before selecting the one for you. It is important to meet with at least three. Don’t feel obligated to accept the one that an agency assigns to you. All Realtors have access to the same resources. They are required to use the same State real estate approved forms. What varies and can make a huge difference in both the overall experience of the transaction and the introduction of quality of homes that fit your needs and your budget, is the level of service they deliver, and the overall knowledge gained through experience. Again the amount of transactions and sales volume closed is the method of measurement you should go by, not years “in the business”.

Many people interview agents to list their home for sale but never consider interviewing them to help them look for a new home. Both endeavors are equally important. The agent that “sold you the house” may not be the best agent to “sell your house”. Having an increased knowledge and skill of a particular area does not in itself make you a “marketing genius”. Most agents either work primarily with one of the other. Only a few really get it and can do both equally well.

Don’t ask your agent for predictions. Like any commodity that is bought and sold real estate market will fluctuate, no one can predict what will happen during the buying and selling process.

Flipping real estate is great, but be sure to hire an agent with house-flipping experience. I’ll say it again at the risk of irritating our readers. Experience should be defined as “the amount of transactions and sales volume closed by the agent as the method of measurement” you should go by, not years, “in the business”. Be careful with buzz words like Foreclosure Expert, Investment Expert, First Time Buyer Expert and Relocation Expert or Nostalgic Home Expert.

Despite conventional wisdom, the smell of baking cookies does not make a home more appealing to potential buyers. To enhance the chances of selling a home, ensure that the home always looks and smells good, and is well-lit inside and out, clean and offers an organized appearance.

Arranging an open house to attract potential buyers doesn’t necessarily work. Nosy neighbors and real estate agents will be attracted to the event but not serious buyers. There is two reasons home sell. Price and Exposure. Thats it! You can throw all the marketing at the wall you want but if people don’t see value in what your asking therm to pay, the home will sit on the market. If you are within 3% of where the market indicates you really need to be priced you should have an offer within 12-15 showings. Not Realtor previews, open house attendees but qualified buyers through the door. If you don’t, you know the marketing is working and the problem is price. Only make pricing adjustments by 2-3%. Then sit tight and wait for another 12-15 buyers to walk through the door before you make another price adjustment. If you follow this strategy you will find the top of your market in what ever market condition that exists.

Never price your home based on what everyone else is asking. Use like kind property that have sold within the past 3-4 months to determine market value. Websites like housevalues.com or zillow.com are very in accurate. They do not take into account the proper appraisal standards which can vary from one geographic location to another. They just can’t develop a cost effective website that can truly do a good job. Rely only an experienced local Realtor and or Appraiser for the this type of information.

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.