Don’t rent for the season until you see this: Ground Floor – 1 Bedroom condo on the Okemo Shuttle Bus Route. Minutes from Okemo – Gas Fireplace, washer/dryer in unit, A/C and heat. Granite counters, tiled and wood floors, Whirlpool bath. Indoor pool, hot tub and exercise room. Priced below town assesment.: $99,900.00.
Many Rutland and Okemo Mountain VT home sellers look at the first offer on their home as just that, the First Offer with many more to come. You know what they say, ‘A bird in the hand is worth two in the bush.’ And in the current Buyers Market, offers are few and far between. Rutland and Okemo Mountain VT home sellers will want to consider the first offer very seriously. Here are reasons why:
An offer indicates serious interest in your home — don’t underestimate that but don’t take it for granted, either.
Thinking of selling your Rutland or Okemo Mountain VT home? We’ll be happy to work with you to fine-tune your home’s listing price so it fits our local market. We can also advise you on what would make your home more saleable at low cost to you. Most importantly, we can put our expertise to work for you when it comes time to negotiate with potential buyers. Learn more about us by visiting ISellVermontRealEstate.com.
Maple Hill is one of Vermont’s most beautiful venues. Although only 7 minutes from Jackson gore, this property offers serenity, privacy and splendor. The 4-bedroom, 4-bath Georgian Ranch fits right into the 18.63 acres which include a pond, a pool, exceptional landscaping and majestic mountain views. A great room features a Rumford fireplace abd the kitchen has granite countertops and commercial-grade appliances. The master suite includes the bedroom, a sitting room, a fireplace and a whirlpool. With a full, walk-out lower level, this home’s 5,200 s.f. will comfortably and elegantly accommodate your family and friends. More land is available – making a total of approximately 65 acres – so bring the horses! There are wonderful meadows for riding, hiking, cross-country skiing and communing with nature’s best in beautiful southern Vermont. Offered for: $1,295,000.00
If you are thinking of buying Okemo Mountain or Killington real estate and making it a rental property, there are a number of things to consider when choosing the property:
If you will be renting to a year ‘round tenant, look for a property convenient to major employers, schools, shopping facilities, transportation. If the property will be a vacation property, you will want to be near major tourist attractions such as the Okemo Mountain Ski Resort or Killington.
If you hope the rental income will be more than the cost of the monthly mortgage, insurance and taxes on the home, you should be careful to invest no more per month than the local rental market can bear. If your goal for rental income is to “break even” or even to have a negative cash flow, price becomes somewhat less important.
Consider the long-term resale value of the property. If you buy in a fast growing area, the resale value will be greater further down the road. If you buy is a slow growth area, your resale value will be less, but there may be a better rental market. When buying Okemo Mountain or Killington real estate, you want to consider how long the tourist season is. Okemo and Killington both Have year round activities to attract vacation renters. Skiing and other snow activities in the winter; golf, swimming and other outdoor sports in the spring and summer; and fall foliage for ‘leaf-peepers.’
4. Neighboring homes
Are the neighboring homes well-maintained? If not, they will drive down your property values.
5. Solid construction
Look for solid construction. Tenants tend to put more wear and tear on a home than owners. Find a low-maintenance property suitable for renters. For example, white carpeting will have a much shorter life than something more neutral.
6. Do it yourself
If you live nearby, it can be relatively simple to stay in touch with tenants, and to keep an eye on your investment. If you lack the time, or your property is some distance away, you may wish to work with a property management firm.
Learn more about Okemo Mountain or Killington real estate by visiting ISellVermontRealEstate.com.
Space and Sunshine
Chester – Fabulous 3 bedroom, 2 bath, open floor plan contemporary in one of Vermont’s favorite towns. Many upgrades within past year including: kitchen, baths, flooring and all new windows and doors. Close to skiing – beat the Sunday traffic home from Okemo! $385,000.00
Okemo Mountain Real Estate: Is Cobuying A Second Home for You?
Craig Venezia is a nationally recognized expert on home mortgages, and the author of Buying a Second Home: Income, Getaway, or Retirement. Second-home ownership in Okemo Mountain is more popular than ever due to such factors as the shrinking American family, older and wealthier households, and new technologies for working from home. One out of every three homes purchased in the United States today is a second home.
If you dream of owning a second home, but realize it isn’t in your budget at the moment, cobuying an Okemo Mountain second home may be just what you need to make your dream a reality.
Listen to Craig Venezia’s podcast. It may help you decide if cobuying is right for you.
Learn more about buying an Okemo Mountain second home by visiting ISellVermontRealEstate.com.
No matter what the condition of the housing market, purchasing a Ludlow VT home is a major commitment and a vital financial decision. A home is much more than a financial investment; it is an investment in a new lifestyle and a new way of looking at property. Those who are unprepared to make the leap from renting to home ownership can make some costly mistakes, and learning to avoid those blunders is vital.
Think With Your Head Not Your Heart
One of the most common mistakes made by first time home buyers is allowing emotion to rule the day. Although buying a home can be an emotional process, there are some things home buyers can do to prevent emotional ties from getting in the way of sound financial discipline.
While it is all too easy to picture your family relaxing in the backyard of a new home, take a step back and look at the home with the eyes of an investor. Pretend for a moment that you are not going to live in the house but are buying it as a pure investment. Is it still just as attractive, or has it lost some of its appeal? Emotional attachment is fine, but it should not overrule your good judgment.
Consider All the Costs of Home Ownership
Buying more house than they can afford is a classic blunder for many first time homeowners. One of the chief culprits behind this error is factoring in only the cost of the mortgage versus the cost of continuing to rent. While it is certainly appealing to go from collecting rent receipts to building up home equity, keep in mind that the costs of owning a home do not end with the monthly mortgage check.
Don’t Try to Time the Market
Market timing doesn’t work in the stock market, and it doesn’t work in the home market either. Although it can be tempting to try to wait for the market to hit rock bottom, you may be left out in the cold when the market starts to turn around. Many professionals, including home builders, lenders and real estate investors, have a great deal of difficulty timing the market, even with all their specialized knowledge and experience.
While some Ludlow VT home buyers will be lucky enough to sell their existing homes at the top of the market and buy their next one when the market craters, most of us will not be so lucky. There are bargains to be found in every real estate market; the key is to arm yourself with as much information as possible and shop smart.
Learn more about the Ludlow VT housing market by visiting ISellVermontRealEstate.com or giving us a call 800-659-1819 #103.
You can’t turn on a TV, computer or radio these days without hearing about financial crisis America is experiencing and the proposed $700 million dollar government bailout.
It is still unclear how this legislation will affect every day folks like you and me, but there are some things we can do to protect our personal financial futures.
Gibran Nicholas, chairman of the CMPS Institute, an organization that certifies mortgage bankers and brokers, makes 4 suggestions for protecting ourselves in today’s troubled economy in an article on Rismedia.com:
1 – Make Sure Your Investments Are Protected Through the SIPC.
2 – Make Sure All Your Bank Accounts Are Covered with FDIC Insurance.
3 – Max Out Your Home Equity Line of Credit Before Your Lender Cuts Off the Limit.
4 – Stop Making Extra Mortgage Payments and Take Out a Mortgage Even If You Don’t Need One.
Please read Nicholas’s entire article to best understand his suggestions. They are so important, I did not want to try to paraphrase his comments.
If you have question concerning Okemo Mountain real estate, visit ISellVermontRealEstate.com or give me a call, 800-659-1819.
I now have 2 videos on my website for my listings. Please go to http://isellvermontrealestate.com, click my listings and then click to see the properties.
Not so long ago helping the environment meant recycling plastic and newspapers, but today it has evolved into “green” thinking and extends to our Okemo Mountain real estate, homes and living environments.
According to a recent NAR survey, nine out of 10 Realtors® said their clients are interested in energy efficient features of green homes and the potential cost savings of such features. An overwhelming 90 percent agreed there will be even more interest in green building practices a year from now.
Results of a Harris Interactive poll by Move, Inc. show potential home buyers consider “green” building features more important than luxury amenities. Almost half of the adults surveyed (49 percent) said features such as solar panels or energy-saving appliances were “important,” compared to just 31 percent who rated luxury amenities important.
Ninety-three percent of all home buyers are not willing to pay more for green or energy efficient features when building a home, according to a recent independent study commissioned by The New York Times Customer Insight Group.
However, a recent survey from Green Builder Media reports U.S. home buyers are willing to pay a premium for more environmentally friendly, green-built homes.
More than half of home builders surveyed (250 residential builders across the U.S.) said that buyers are willing to pay a premium of between 11-25 percent for green-built homes. The same builders report that the average green home buyer is between the ages of 35-50 with a college degree and fair understanding of green products.
Despite the conflicting statistics, the U.S. Green Building Council believes thinking “green” is an industry and Okemo Mountain real estate trend, rather than a passing fad; not only does it save on energy costs, it is better for our overall health and the environment as a whole.
Learn more about Okemo Mountain real estate by visiting my website, ISellVermontRealEstate.com or giving me a call at 800-659-1819 #103.