Whether you are looking to buy or sell Breckenridge real estate, you can factor in the current national economic picture to your advantage. Breckenridge Colorado real estate over the past 20 years has done quite alright—and continues to do so. Although every real estate market has various ups and downs, today’s market can be an optimum time to buy Summit County properties.
Summit County real-estate brokers are not seeing foreclosures that are prevalent in some areas of the nation. But there are still some bargains for real estate in Breckenridge, Keystone, Frisco, Dillon, Silverthorne, and real estate in Park County. A down market is a great time to buy up, especially this time when interest rates are so low. Another perk in the resort market may be negotiable extras. Buyers of Breckenridge CO homes are seeing that some sellers throw in free timeshares or tickets to a Broncos game.
Buyers who have been putting off the entire idea of buying Rocky Mountain vacation homes, second homes, and/or retirement homes need to balance the “wait and see” approach with the rising price tags in the Colorado resort areas. According to the Summit Daily News, “August 2008 had the highest transaction activity Summit county has seen all year and the average prices for single-family, multi-family and vacant land continues to surpass the years of 2006 and 2007 average.”
Now, if you are selling a property, be sure to ask your realtor to help you correctly price it for the market. Then make the price sound like a bargain, i.e. $989,900 sounds like much less than $1,000,000. The rule of thumb is to list the real estate ten percent under what you expect people to pay, spurring more interest and more offers.
Present the home in its best light. That may mean professionally staging it, adding an expensive feature, replacing carpet, adding ambience through lighting, etc. Curb appeal and first impressions are important to making buyers feel right at home. Accenting the positive points of the real estate, sellers can put their best foot forward—or the property’s best features forward.
So, buying low and keeping real estate moving at the right price will keep you on track to achieving your real-estate goals. Contact Jonna Beardsley at (970) 453-2200 or (800) 774-7970 for friendly and professional real-estate assistance in the area.
