Living Steamboat Updates

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below. The study makes it a point to draw att... read more
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When & Why Should I buy?

Posted by Lee Calihan on May 26, 2017 in No Category
Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house? Conlon responded: “I am a true believer that you save every penny and you buy your first house… and that is still the fastest path to wealth in this country.” Conlon went on to suggest that first-time buyers put down 10-20% “if they can make it work,” and to remain in their home at least 4-5 years to s... read more
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If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year: Freddie Mac “While full employment and rising inflation are signs of a strong economy, they also have the potential... read more
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Spring Time To Do's

Keeping Up Your Home
Posted by Lee Calihan on May 19, 2017 in  Home Maintenance  Life Skills  Steamboat Springs  Steamboat Springs Real Estate
Spring and summer are synonymous with spring cleaning, home maintenance, and yard work. If your exterior needs a little TLC, try these Five Spring Maintenance Must-Do’s that will instantly revive your exterior and keep your home in tip-top shape for many springs to come! Maintain Your Home With These Five Spring Maintenance Must-Do’s: 1. Check and Clean Gutters and Water Drainage. Improper drainage can lead to water puddling around the foundation of your home or entering the crawl ... read more
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Terminology

Talk like a Realtor
Posted by Lee Calihan on May 16, 2017 in  Colorado Real Estate  Market Trends  Steamboat Realtors
Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. Freddie Mac has compiled a more exhaustive glossary of terms in their “My Home” section of their website. Annual Percentage Rate (APR) – This is a broader measure of your cost for borrowing money. The APR includes the interest rate, points, broker fees and ... read more
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