Aspen, CO Real Estate News

By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
The benefits of a preapproval (not prequalification) for Aspen CO Home Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Aspen CO Home Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education   The steps necessary to purchasing a home in Aspen, Colorado starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. You should choose a...
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By YourSiteNeedsMe SEO Team, $399 Real Estate Websites - YourSiteNeedsMe.com
(YourSiteNeedsMe.com)
If you’re buying a home for sale in Aspen, CO, it makes sense to get to know the neighborhoods. Here’s the scoop.Aspen’s West EndThe West End is home to some of the most prestigious addresses in the city. You’ll find beautiful Victorians, restored mining cottages and modern houses here.Aspen’s East EndThe East End is where you’ll find a great mix of large, custom homes (newly built), condos and many established homes. It’s also where Snyder Park is located – one of the best in town.Cemetery LaneCemetery Lane runs along the Aspen Golf Course, and many of the homes here back up to it. This area is primarily composed of longtime locals and those who live here year-round.CentennialCentennial is a four-block radius where you’ll find several enclaves, including Hunter Longhouse, Lone Pine and...
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By Alan May, A moving experience!
(Jameson Sotheby's International Realty)
I rarely take a "vacation"... I'm way too much of a control-freak to leave my business in the hands of others.  But I recently found myself in a position to go on one of those rare vacations, and found myself in Aspen, Colorado. While I'd been to Colorado in my youth, I'd never managed to get to Aspen, which seemed to be the home to the wealthy and the ski-dogs (read that as hot-dogging-skiers). As it turns out, I was right... home of the wealthy... there wasn't anything for sale in that town that didn't require a co-signer, for this lowly Realtor.  The average pizza was the price of a small smart-car, and a night-on-the-town required consulting with my regular lender. I had forgotten to bring a light sweater with me, so I checked out some of the local stores, and couldn't find a simple...
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By Susanna Haynie, Colorado Springs Realtor GRI CNE MCNE ePro MRP
(CO-RE Group, LLC -Real estate sales and services)
Golden Leaf Half Marathon in Aspen - {Discover Colorado} This year would be the fourth year that we are running the Golden Leaf Half Marathon. (13.1 miles, 980 feet elevation gain, 1,712 feet mountainous trail descent) The past few years, we have always made it a weekend. We camped at Difficult Campground for which this is one of the last  weekends it's open. The drive to Aspen is breathtaking and I am looking forward to this event with special excitement to enjoy "The Turning of The Leaves". I don't think that there is a better way to get experience this colorful spectacle than actually being in the middle of it! The run is really not a competition for me. I don't live in Aspen, so how can I disregard the beauty because I am trying to get my fastest time? This year was different - I h...
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By RJ Baxter, 303-670-0137
(Fairway Independent Mortgage Corporation)
VA Mortgage Loans in Aspen CO and 100% Aspen CO VA Loans - the best loan program in Colorado! Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the highlights of this incredible program: - Up to 100% financing, with no down required. - No monthly mortgage insurance added to your payment. - Compared to other types of mortgage loans, easier credit-qualifying requirements. - Low fixed mortgage rates result in a low monthly payment. So how do you qualify for a VA Mortgage Loan in Aspen Colorado? The first step is to verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. You can work with an approved Colorado VA mortgage loan len...
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By RJ Baxter, 303-670-0137
(Fairway Independent Mortgage Corporation)
Special Government Rehab Program- FHA 203K Rehab Loans in Aspen CO. There is a special government loan program that is part of the Federal Housing Administration (FHA)- a department within HUD. Thanks to this special FHA loan program, a buyer or home owner can do meaningful amounts of remodeling or updates to their new or existing home without the higher cost of a second mortgage. "Luxury items" like a hot tub and a swimming pool are not allowed by this FHA loan program. You can repaint, remodel cabinetry in kitchens and bathrooms, replace appliances and flooring, add wallpaper, or even add a room to an existing structure (which will increase the value of your home because of more square footage). There are many advantages with this government loan program but the biggest is the ability...
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By RJ Baxter, 303-670-0137
(Fairway Independent Mortgage Corporation)
100% financing with Aspen Home Mortgage Loans. USDA mortgage Loans in Aspen are an excellent choice to help with your home buying needs. There is an amazing 0% down payment option for you to take advantage of if you are buying a home in Aspen  or the surrounding areas. Read more below: -Interest Rates on this program are still competitive compared to both FHA and Conventional Loans. This program offers 100% financing available with minimal monthly mortgage insurance (consists of about .30% of loan amounts per year). The biggest features of a USDA home loan include 100% financing with no down payment and interest rates that are fixed for 30 years. Compare this to other loan programs that aren't as low, and you will see the savings. There are many differences when qualifying for a USDA lo...
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By Susanna Haynie, Colorado Springs Realtor GRI CNE MCNE ePro MRP
(CO-RE Group, LLC -Real estate sales and services)
We were without the boys this summer of 2011. We had sent our 12 and 16 year old to Germany to be with their German family and get to know the country as well as the language. No boys? Strange. All of a sudden our family was so much smaller. We enjoyed some special time with our daughter Anna.  Why not explore Colorado enjoy the beauty it offers through the window of our suburban? We had visited Vail, Aspen, Salida before, but it was always to participate in a race.... Finally, we could actually stay, look, experience.  
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By Ken Lovelace
(Lovelace Realty West)
Aspen Foreclosures | Search Foreclosures in Aspen Co       Click the link below to see all foreclosure Listings in Aspen Colorado.  Including Condos, Homes and Lots For Sale. Aspen Colorado Foreclosures and Short Sales - Click Here!     Free Foreclosure Report.   Be the first to find out about aggressively priced foreclosures and short sales by joining the Lovelace Realty Foreclosure and Short Sale email list.  Click here to join today!   Our Aspen Colorado Foreclosure Search is the most accurate and up to date MLS search Available.  This search is free and there is absolutely no obligation.  The results are updated in real time!  I am a "Certified Distressed Property Expert" and I would love to help you find a great deal on an Aspen Colorado Distressed Property.  Feel free to call or e...
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By RJ Baxter, 303-670-0137
(Fairway Independent Mortgage Corporation)
Condo Hotel Financing in Aspen CO and Vail CO We are announcing the release of condo hotel financing in Aspen and Vail Colorado, available for the first time in several years since the housing crisis took hold.   What is a condo hotel? A condo hotel is a condo that is located in a complex that allows daily or weekly rentals and has common areas such as a lobby and/or front desk.  This type of property is very common in Aspen and Vail, and it was impossible to find condo hotel financing before this program was released, making selling or buying a condo hotel property very difficult if not impossible. New Condo Hotel Financing Summary This program is designed to help fill the needs of customers who need condo hotel financing for projects in Aspen and Vail CO. Some features of the new cond...
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By Jack Gausnell
(Roaring Fork Realty)
When it comes time to refer a client to another Realtor™, one should make sure they are picking one that is qualified to do a really good job. It is important to choose a Realtor™ that knows the local referral market extremely well, and has a top notch reputation for ethics, honesty, and work ethic.I know the Aspen and Snowmass, Colorado real estate market extremely well and have an extremely good reputation for putting my clients interests first. The person you refer your client to will be a direct reflection on you. Your client(s) may know their home market, but will probably know very little about the referral market, so they will need a guide to point out the best deals in the best areas. I started selling real estate in the Aspen/Snowmass market in 1996 and have a reputation of be...
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By Jack Gausnell
(Roaring Fork Realty)
Lately, I have been receiving several requests from my website visitors for information on the really good real estate deals in Aspen and Snowmass, Colorado. They mistakenly think foreclosures and short sales are where to find the best deals. What they fail to realize is most of the Aspen foreclosures and short sales are not necessarily good deals because they are upside-down. Most of the time, the foreclosure owners stopped making payments on their property because they owed more money on their property than it is worth. However, occasionally the owner has a good deal of equity and just can’t make his payments due to a decrease or stoppage of their income. While on the other hand by definition, short sales indicate that the owner has negative equity in the property and most times the ...
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By Jack Gausnell
(Roaring Fork Realty)
In the summer of 2009 the Aspen, Colorado condo inventory peaked at about 400 units on the market. Over the past couple of years, this number has slowly eroded to about 200 which is about a 3.2 year supply at the current absorption rate. At the same time, the average asking price has fallen about 44% from a high of about $1,500/square foot in late 2008 to roughly $950/square foot today. In addition, the average days on market has steadily increased over the past couple of years to 316 days. In 2009, 54 condos sold in Aspen for a total dollar sales volume of $75.6M. In 2010, the total volume of condo sales increased 13% to $85.5M with 63 closings. What do all of these numbers mean? They mean that the market has hit bottom and is now beginning to come back. The first thing that had to ha...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
How do we receive the salvation God offers us in Christ? Scripture Reading: Luke 13:22-30 Key Verse(s): Someone asked him, "Lord, will only a few be saved?" He replied, "The door to heaven is narrow. Work hard to get in, because many will try to enter." (Luke 13:23-24) Salvation is not to be received lightly or casually.Receiving salvation requires more concentrated effort than most people are willing to put forth. Obviously we cannot save ourselves--there is no way we can work ourselves into God's favor. The effort we must put out to enter through the narrow door is earnestly desiring to know Jesus and diligently striving to follow him whatever the cost. We dare not put off making this decision because the door will not stay open forever. Receiving salvation is a deep and total commitm...
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By Mike Russo
(Concierge Auctions)
As seen in the Aspen Times ASPEN — Aspen's anemic real estate industry got a boost Friday from the $43 million sale of a Red Mountain mansion. Cheek Subdivision LLC of Addison, Texas, sold the home to 421 Willoughby Investors in a deal that closed Friday and was recorded with the Pitkin County Clerk's office on Monday. “It was a straight, cash deal,” said Newton Bartley, a real estate agent with Joshua & Co. who represented the buyer. Joshua Saslove, president and founder of the firm, represented the seller. The big transaction reinforces the claim of many real estate agents that Aspen is the type of market that will continue to attract wealthy buyers capable of pulling off expensive cash deals despite the recession. The house at 421 Willoughby Way has 21,477 square feet of total heated...
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By Karina Kfuri, Leal, Florida Broker - FALO PORTUGUES!
(Leal USA Realty 561-350-3503 ( FALO PORTUGUES))
I would be skiing in Aspen. I so love Florida, it is a blessing to be able to ride my bike a few miles and be right by the beach in Delray in Sunny Florida. But Aspen has such a great energy, specially by the Aspen Mountain. Sometimes I close my eyes and just imagine myself going down the mountain, skiing all the way to the bottom gondola. One hour would be enough to do two laps a day... What a nice dream! What about you? ***************************************************************************
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Christopher Shearer OFHEO FAQs What is OFHEO's mission? OFHEO's mission is to promote housing and a strong national housing finance system by ensuring the safety and soundness of Fannie Mae (Federal National Mortgage Association)  and Freddie Mac (Federal Home Loan Mortgage Corporation).  How is oversight of Fannie Mae and Freddie Mac divided between OFHEO and HUD? The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 created a regulatory oversight structure for the housing government-sponsored enterprises of Fannie Mae and Freddie Mac. The regulatory oversight was divided to address two functions - their financial safety and soundness and their affordable housing mission. The financial safety and soundness regulation is vested in the Office of Federal Housing Enter...
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