Willow Creek Realty - Real Estate Blog

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4-14-08

Ready to Sell your Investment Lot?

As the snow has melted away the phone calls have been coming in regarding investors desiring to sell their investment lots. Hence, this blog will delve into lot tactics. We have seen slow lot sales over the course of the winter, which is typical and everyone is waiting to see how the summer and fall sales will proceed. Here are a few items to consider in maximizing your return on a lot investment.

-BE PATIENT With increasing inventory and diminishing demand you have to be willing to ride the real estate cycle out. Within the complex cycles are mini cycles, hence certain subdivisions are apt to be more desirable areas this summer, and may be slower next. Thus, one needs to be willing to take a reasonable profit and purchase a lot, perhaps with an IRS 1031 Exchange that is in a slower subdivision waiting for it to rise.

-BUY SMART Remember that everyone follows the emotional frivolity during an upward moving market, but savvy buyers take advantage of a softer market realizing the buyer is king. The most successful real estate investors have known this for years and typical do the inverse of the masses. They buy when markets are soft, and sell when markets are hot. Many of you will nod with this notion, however few will execute. Thus, today’s market offers the potential for outstanding buys.

Success will ultimately occur for those investors that show the patient and prowess lacked by the emotional masses.

Blog By Beau Meyer Willow Creek Realty

Links

Creede: www.creede.com
South Fork: www.southfork.org
Sports & Recreation
Fishing:
Wolf Creek Anglers www.wolfcreekanglers.com
South Fork Anglers www.southforkanglers.com
Cottonwood Cove www.cottonwoodcove.com
Gold Medal Waters of the Rio Grande http://www.southfork.org/activities/southfork/fishing.php
Rafting:
Mountain Man Tours www.mountainmantours.com
Cottonwood Cove   www.cottonwoodcove.com
Golfing:
Rio Grande Club www.riograndeclub.com
Cattails Golf Course www.alamosacattails.com
4 Wheeling & Jeep Rentals:
Cottonwood Cove  www.cottonwoodcove.com
Four Wheeling www.southfork.org/activities/southfork/4wheeling.html
ATV Rentals:
Twin Pines www.coloradodirectory.com/twinpinerentals
Hiking:
http://www.southfork.org/activities/southfork/hiking.html
http://gorp.away.com/gorp/resource/us_national_forest/co/hik_rio2.htm
www.trails.com/city-trails.asp?keyword=Creede&state=CO
www.fourteenernet.com/creede/recreation/todo.asp
Skiing & Snowboarding:
Wolf Creek Ski Area www.wolfcreekski.com
Wolf Creek Ski & Sports www.wolfcreekskiandsports.com
Doc's Outdoor Sports www.docsoutdoor.com
Snowmobiling & Snowmobile Rentals:
Snowmobile Trails www.southfork.org/activities/full/snow.php
Twin Pines  www.coloradodirectory.com/twinpinerentals
Lodging
Creede:
4UR Ranch www.4urranch.com
Antlers Rio Grande Lodge & RV www.antlerslodge.com
Blessings Inn www.blessingsinn.com
Broad Acres Ranch www.broadacresranch.com
Bruce’s Snowshoe Lodge and B&B www.snowshoelodge.com
Cascada Cabins www.cascadagrill.com
Club at the Cliffs www.clubatcliffs.com
Cottonwood Cove Lodge & RV www.cottonwoodcove.com
Creede Hotel www.creedehotel.com
Lost Trail Ranch                                                                                                     www.lost-trail.com
Mountain Views at RiversEdge RV Resort www.mountainviewsrv.com
Old Firehouse www.theoldfirehouse.com
Oleo Ranch www.oleoranch.com
Wason Ranch www.wasonranch.com
Lodging
South Fork:
Allington Inn & Suites www.allingtoninn.com
Alpine Accents www.alpineaccents.net
Apple Dumpling B&B www.appledumplingbandb.com
Arbor House Inn B&B www.arborhouseinnco.com
AspenRidge Cabins www.aspenridgecabins.com
AspenRidge RV www.aspenridgecolorado.com
Chinook Lodge & RV www.chinooklodge.net
Cottonwood Cove www.cottonwoodcove.com
Foothills Lodge www.foothillslodgeandcabins.com
Grandview Cabins & RV www.grandview.com
Lazy Bear Cabins www.lazybearcabins.com
Rainbow Lodge & RV www.rainbowsouthfork.biz
Riverbend Resort & RV riverbend-resort.com
South Fork Campground  www.southforkcampground.com
South Fork Lodge & RV www.coloradodirectory.com/southforklodge/
Spruce Lodge & RV www.sprucelodges.com
The Inn Motel www.innsouthfork.com
Ute Bluff Lodge & RV www.uteblufflodge.com
Wolf Creek Ranch www.wolfcreekranchco.com
Other Information
Colorado Division of Wildlife www.wildlife.state.co.us
Snow Report www.wolfcreekski.com/snow.asp

March 10, 2008

Tips for Selling your Home in a Soft Market

One can quickly ascertain that markets all across the country have continued to soften in recent months. Hence, I get clients asking how they can help improve the chances of their homes selling. Here are a few obvious, but yet important things to keep in mind during 2008’s market.

1. Make sure your home is organized and clean. Buyers don’t want to try and visualize what your home looks like underneath all that clutter and dirt. Buyers have a difficult time visualizing things so don’t let your disorganized home be the reason it doesn’t sell. People can expand on this principle through staging (i.e. table settings etc.)

2. Consider Owner Carry. Most people cringe at the idea of carrying a note, but carrying a note with 20%-30% down over a year or two isn’t a bad way to go in this market. You earn interest, and there is a lot of incentive for the buyer to pay their note with the vested equity in the down payment.

3. Be realistic about a selling price. Every seller wants top dollar for their home, and every buyer wants the deal of the decade. Look at yourself in the mirror and ask the question; “Am I going to be realistic about the price for my home or not?” If you want the booming market price that is great, but expect to have your home on the market for years, not months. Remember, this is a buyer(s) market so they have the upper hand in the old supply and demand game.

4. Finally, be patient. Slower Buyer(s) markets take time for properties to move. Expect your home to have a longer absorption rate. Plan ahead when considering listing your property. List before you have to sell, and take a solid offer when it comes. Plan your financial objectives with your home years in advance, not months in advance. If you will plan ahead and remember to be patient you will be fine in this slower market rather than driving yourself crazy and your agent crazy.

Thanks,

Beau Meyer, Broker Associate/Willow Creek Realty

Market update 2/11/08

Interest rates have continued coming down, as the Fed tries to stimulate spending in the real estate markets. Nationally we are seeing market after market turning into havens for buyers seeking values. South Fork has held up well under these conditions, however we are now viewing this market as a Buyer’s market instead of a Seller’s market at this time. Prices are not falling at alarming rates, but the savvy investor can find buys in South Fork, CO.

Properties to consider purchasing in this market include smaller cabins/homes that you can lease out as short-term rentals or long-term rentals. Hence, you are buying properties with built-in equity and helping reduce holding costs through capital generated through rent revenue.

A Point to Ponder:

Everyone scrambles to buy in a rising market, but the wise investor takes advantage of a falling market realizing emotions and the fickleness of humanity are always predisposed to change at any moment.

Call us if you a ready to find those solid investments in Today’s market.

Thanks, Beau Meyer, Owner/Broker Associate Willow Creek Realty

Market Update 12/14/07

South Fork Real Estate Update,

I wanted to publish a quick update regarding the status of the market here in South Fork, CO. We are getting close to Christmas and we have plenty of snow to say the least. Wolf Creek has approximately 120 inches of snow making outstanding ski conditions.

Our latest progress in the area is the continued movement of Gilbert Grove's business district featuring a new restaurant, art gallery, pharmacy, and additional retail space. This project will start with ground breaking early spring of 2008.

Interest rates are currently down, and there are some good deals popping onto the market at this time for savy investors looking to take advantage of financing opportunities and slower national markets. We have shifted into more of a Buyer's market at this time.

Thanks,

Beau Meyer-Owner Willow Creek Realty

Market Update 10/10/07

I wanted to send a quick update on the status of the current South Fork, CO market. This summer has seen a great deal of movement in the home market under $300k. There has been little demand between $350k-$600k, hence this has created some outstanding values in this price range. If you are looking to buy an upscale home in this price range expect to find a Buyers’ market. This is the time to buy if you want a home at this price range.

The lot market has continued to see an escalation in price for parcels that are 5+ acres. Solid buys are hovering in the $105k-$130k range dependant upon lot location. Bear Creek has a few solid investments along with Willow Park. Beaver Mountain is commanding top dollar because of demand for these highly desired lots.

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