This is the peak selling season for Breckenridge to buy second homes and, based on historic sales, should continue for another 4 weeks. During those 4 weeks, plus this week we are in the middle of, the county should see 40 to 50 plus properties go under contract. After that the next 4 weeks typically see about 30 something going under contract and the following 4 to 5 weeks (think October now) the under contract activity drops a bit more.
Well, we are off and running. I have lost three contracts this summer already. I know it sounds bad and it certainly was for those wanting to buy those vacations homes and ski property. What this means is that before I could get back to my office to write the contract or before my clients could get to town to see the property it was already under contract with someone else. We’re back!! I haven’t seen it like this since before the recession so that is good news. If you are considering buying a mountain property either vacation home or investment property you need to act promptly. Our summer months are when we have the most inventory so give us a call and we can schedule you for a great day of finding a perfect property for you. Hope your summer is great also.
Are you thinking of buying a vacation home in Breckenridge? Considering buying a ski in ski out property? Dreading walking through the homes of strangers and the long paperwork? Hiring a professional real estate agent can take away many of the challenges of buying a home in Breckenridge. Just like a doctor or accountant, a real estate agent is worth more than the commission they charge. We believe we are those kinds of agents.
In order to find a good real estate agent in Breckenridge, you must be able to distinguish the average agent from the great ones. These are some of the things we promise you:
Too many agents just take your offer at any price and then try to ‘work’ both the seller and you while negotiating later. Demand that the real estate agent prove to you that they believe in the price you are offering. Make them show how they will convince both the seller – and the bank – to accept that price. Every house in today’s market must be sold twice – first to you and then to your bank.
The second sale is often more difficult than the first. The residential appraisal process has gotten tougher. A recent survey showed that there was a challenge with the appraisal on 24% of all residential real estate transactions. It has become more difficult to get banks to agree on the contract price. A red flag should be raised if your agent is not discussing this with you at the time of the original offer.
You will be moving your family into a new home. Whether the move revolves around the start of a new school year or the start of a new job, you will need to work according to plan.
Getting everything in order to keep to the schedule can be very emotionally draining. Demand from your agent an appreciation for the timetables you are setting. While your agent cannot pick the exact date of your move, but they should exert any influence they can to make it work.
It is imperative that your agent knows how to handle the challenges that will arise. An agent’s ability to negotiate is critical in this market.
Remember: If you have an agent who was weak negotiating with you on parts of the purchase offer, don’t expect them to turn into a super hero when they are negotiating with the seller for you and your family.
There is a reason you are putting yourself and your family through the process of moving.
You are moving on with your life in some way. Whether you are looking for a new home or a vacation home, the reason is important or you wouldn’t be dealing with the headaches and challenges that come along with purchasing. Do not allow your real estate agent to forget these motivations. Constantly remind them that finding the right house is why you hired them. Make sure that they don’t worry about your feelings. If they discover something needs to be done to attain your goal (i.e. rethinking price), insist they have the courage to inform you.
Any agents knows how to deliver good news. Only great agents know how to deliver tough news. In today’s market, YOU NEED A GREAT AGENT.
Roger and Teresa Moen deliver these promises. With over 15 years of experience in the resort community of Breckenridge, we will work to get you the best opportunity in selling or buying your dream home.
Images and concept provided by Keeping Current Matters