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  • Sellers this is your time!!

    Some things to think about.
    When my phone rings it is usually people asking me if I have any listings coming onto the market. We are in a new world and people are working from home and want to do it from their Breckenridge condo, so they can ski anytime they want.
    A big question is: What is the market going to do in 2022? It is still early but so far it is looking a lot like 2021. The Federal Reserve board is likely to raise interest rates several times this year, but interest rates are still going to be low.
    If you are a seller and you are thinking in your head about a price for your “Breckenridge condo sale” this is the time to give me a call! Let’s talk about it because you may think it is an impossibility, but I have seen so many changes in this high demand town of Breckenridge that it boggles my mind. It doesn’t hurt to call me and ask. You have nothing to lose and I would love to hear from you.
    Also, because you are in a sellers’ market you can still sell your condo, if it is on a rental program, you can always negotiate the closing date so that you can keep your winter rentals, and close when the season is over. That way you can keep your income and not have to worry about finding a buyer during off season, or having a bunch of people in your place while trying to sell your Breckenridge condo.  There are many options to consider, and I am here to help.

  • Rentals in Summit County are still allowed!

    There seem to be many rumors that you cannot rent your home in Breckenridge anymore. I know it is confusing but I hope to clear up some misconceptions. One thing my investor clients, who rent their properties, are doing is renting their property for a 30-day minimum. You do not need a short term permit for this and this allows you enough time to block out dates for family and friends usage. Also, there are the resort areas, the neighborhoods and outlying areas that have different rules. Currently, if you are doing a 1031 exchange and the current owner you are buying from has a short term permit, that permit transfers with the property. You can still get a permit for short term rental, but for awhile you will be put on a waiting list. The town is trying to limit the numbers of permit to 2,200. Breckenridge had the most permits issued in the state of Colorado.

    There is a lot to know so please call us or visit the town of Breckenridge website for more info.

  • The Best for 2022

    Happy New Year everyone! May 2022 be better for all of us. We enjoyed our Christmas and Breckenridge is beautiful right now with all the snow, and happy people on Main Street, laughing and eating. It is so nice to see after everything we have been through.

    So what’s up with real estate this new year? The most common question I am being asked by my clients “Is the market going to stay crazy busy like 2021?” Well, I wish I had a crystal ball but I don’t. We did see things slow a bit for the holidays which is normal (haven’t used that word in awhile).

    However, since then it has picked up again. There is low inventory and many buyers still want to move to the mountains. If I were to guess I would say we are looking at another year like the last. It seems strange to say this, but after 25 years of selling real estate in Breckenridge, whatever is happening in the rest of the nation seems like we stay pretty steady with our real estate appreciation rates and sales. The exception being 2008-2009 of course. I have a new listing, and I bet I will sell within a few days. That is a good market! My sellers are still amazed at the prices they are getting for their properties. If you are considering selling you are still in a good position to do so. There is a lot of expansion and growth in Silverthorne, Colorado right now as it expands and keeps adding new construction, commercial properties etc. More on that later. So thank you all who made our year wonderful. We so appreciate your business and hopefully will continue to be your resource for information in Summit County with your investment properties and mountain homes.

    Teresa Moen
    Your eXp Mountain Realtor
    970-376-2038 cell

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