Archive for November, 2010

Mortgage Interest Deduction

Sunday, November 28th, 2010

Mortgage Interest Deduction

One of the largest motivating factors for buying real estate is the mortgage interest deduction (MID). This allows one to deduct the interest paid on the mortgage for the home from their federal taxes. And in tough times when real estate is not making incremental jumps in appreciation, the interest deduction is one of the bright spots when filing taxes. But this deduction has always been a heated topic between politicians and economist. And today, when our national debt is high and our economy is smuggling, the mortgage interest deduction talks are boiling up again.

Some say that losing the interest deduction would have a huge impact on the American Dream: to own a home. And I have to say that this is true. As a realtor, I’m constantly comparing what the cost are between buying a home vs. renting. This is a complex question and is different for each individual. Yet the mortgage interest deduction is a huge factor in the equation. Without this deduction I’d have to say the buy vs. rent question becomes very cloudy and even more difficult.

Opening day in Steamboat Springs

Sunday, November 28th, 2010

Opening day at the Steamboat Ski Area was something special in 2010. More snow than most people could remember and blue skies to boot. Albeit cold, very cold, but that also kept many people from venturing out to take advantage of the powder. Actually this was day 2 for the day before was scholarship day and everyone had to buy a $30 lift ticket. But all proceeds went to the Steamboat Springs Winter Sports Club to assist athletes in making their dreams. The SSWSC is a pretty amazing club that has sent more athletes to the winter Olympics that any other program.

Next time I’ll raise the camera up a bit. Watch out for the trees . . .

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One Steamboat Place is in Foreclosure

Wednesday, November 17th, 2010

One Steamboat Places, the new development right next to the gondola, the place that was going to transform the base area, is now struggling too. I can’t say I’m surprised at the turn of events, there’s been talks for months regarding their debt and lack of sales. But it is a sad turn of events. Like the articles speculates, I’m optimistic things can get worked out before the place goes to auction or worse. But it is more signs that things are not improving as fast as we’d like.

Timing. Many developers will say it all comes down to timing. And One Steamboat Place just missed the timing. Other than that, it’s a great product, in a fantastic location, in a great town with a wonderful ski area right out front. OSP has it all but the timing was just poor.

I sure hope Timbers Resorts and the One Steamboat Place work things out. It’s a great addition to Steamboat and the Steamboat ski area.

Snow. More Snow. And then some more Snow in Seamboat

Wednesday, November 17th, 2010

Snow. More Snow. And then some more Snow in Steamboat

Today – November 17, 2010, we have the same amount of snow on Mt. Werner as we did on February 12, 2010. Yes, that’s true. More real snow today than much of the entire early season last year. Needless to say I think it’s going to be a great ski season.

Next Wednesday is scholarship day at the Steamboat Ski area. At means that everyone itchin’ to ski early will have to buy a ticket. Passes do not work that day. But all the money from the ticket sales goes to support those kids and families that need a little extra help to assist them in the Steamboat Springs Winter Sports Club (SSWSC).

How Foreclosures Work in Colorado

Saturday, November 13th, 2010

How Foreclosures Work in Colorado

The foreclosure laws vary for each state. Needless to say it’s a lengthy and costly process. And because it takes so long, many home owners live in their home for months, if not years without paying their mortgage. This practice is not such a bad thing: it gives the financially struggling home owner a place to live, plus it’s better than leaving the home vacant where the home could deteriorate.

Colorado Foreclosure Laws

Colorado foreclosures occur through both in-court and out-of-court proceedings. The most common process is managed by a public trustee out of court and takes about six months.

Judicial – yes
Non-Judicial – yes
Process Period – 145 Days
Sale Publication – 60 Days
Redemption Period – None
Sale/NTS – Public Trustee

Pre-foreclosure Period

The Internet is Changing the Real Estate Industry

Thursday, November 11th, 2010

Internet is Changing Real Estate

Time and time again I hear stories of how buyers are using the internet to research and shop for real estate. The information is out there, and Steamboat Springs is no exception. Although getting real time and accurate information is a little tougher to weed through and often leads people to call real estate agents of offices to get more information. Embrace it, the times are changing.

93 guns in Steamboat Springs- This is a snowmaking record!

Thursday, November 11th, 2010

93 guns in Steamboat Springs-  This is a snowmaking record!

We are deep into hunting season here in Routt County. And the new snows have increase the level of success for many of the hunters. But the record 93 guns I’m talking about will please a lot more than the hunters. Steamboat Springs is using a new record 93 snow making guns to prepare for the upcoming 2010/2011 season. The ski season begins officially on November 24th with the SSWSC scholarship day. On this day, ski passes are not honored so everyone will have to buy a lift ticket. But they are usually just $25.00 and it goes to support the wonderful Winter Sports Club here in Steamboat Springs.

Each morning we wake up these days, the temperatures are around 20 degrees, and the distinct sounds of the roaring snowmaking guns blanketing the ski area with fresh snow.

Here’s short article in the local Steamboat Today, our local paper regarding the new snowmaking improvements.

More Snow in Steamboat Springs, Colorado

Wednesday, November 10th, 2010

More Snow in Steamboat Springs, Colorado

More snow today, November 10, 2010. Sunny and cold in Steamboat Springs. Winter is here. Snowmaking is going on the Steamboat ski area. Town is getting excited the upcoming season. Life is good. This ski season is projected to be a great one. The town is ready. The skiers are all getting into shape. My telemark season will be a blast. I’m headed to Norway this winter to compete in the World Championships in Telemark. Should be fun.

Eddie Bauer and Steamboat Springs: A Perfect Match

Monday, November 8th, 2010

Eddie Bauer and Steamboat Springs: A Perfect Match

Last winter, Eddie Bauer, the iconic image in outdoor wear, came to Steamboat Springs, Colorado to shoot their winter clothing line. It’s always nice to see your town showcased.

Not only did they get some great shots in our town, but our fairly predictable weather cooperated as well. Here’s a link to some pictures and there’s a short video to watch as well.

Click here to view the video of Steamboat Springs – as seen through Eddie Bauer.

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For more on this topic or questions regarding real estate in Steamboat Springs, feel free to call Charlie at 970-846-6435 or write me an email at: charlie@steamboatsmyhome.com. I will answer your post or email promptly with candid and informed answers. Click here to view all properties in Steamboat Springs in “real time” — This is one of the few real estate sites showing all foreclosed and all short sale listings in real time and updated every few minutes.

Facts about Steamboat Springs, Colorado – Population, Climate, Jobs

Monday, November 8th, 2010

Facts about Steamboat Springs, Colorado – Population, Climate, Jobs

Elevations
Downtown: 6,695’
Steamboat Ski Area: Base: 6,900’ Summit/Mt. Werner: 10,568’

Population
Steamboat’s population: 12,180 (July 2009 estimate)
Routt County’s population: 23,989 (2009 estimate)
Growth between 2000 and 2009: 24% in Steamboat, 19% in Routt County and 16.8% in Colorado.

Climate
Coldest month: January. with an average high of 28 degrees
Warmest month: July, with an average high of 82 degrees

Median Sales Price for Property in Steamboat Springs

Single Family Home 2007/$849,500 — 2008/$960,750 — 2009/$630,000
Townhome 2007/$649,000 — 2008/$725,000 — 2009/$685,000
Condo 2007/$345,000 — 2008/$360,000 — 2009/$385,000
Lot 2007/$550,000 — 2008/$560,000 — 2009$445,000

Yampa Valley Medical Services
• The 39-bed Yampa Valley Medical Center is a regional hospital serving residents of Northwest Colorado and visitors from around the world. In 2009 the hospital had more than 128,000 outpatient visits.

• YVMC has about 545 employees and 198 active volunteers.