recent blog posts
Posted by Steven Shane | on July 7, 2009, 3:49 pmColorado has several different types of agency relationships under which I can work with you. They are Seller Agency, Buyer Agency or Transaction Brokerage. These apply whether you are a seller, buyer, landlord or tenant. At the time we first get together, I will need to know how you want to work together.
As either a » Read more
Posted by Steven Shane | on June 30, 2009, 4:13 pmDepending on what your personal requirements are, Aspen offers an abundance of opportunities including condominiums, fractional ownership opportunities, townhomes, and condominiumized half-duplexes.
Before heading out to look at properties, in addition to number of bedrooms, baths, square footage, and price range, I’ll need to know the following:
1. Do you plan to rent out the property? If » Read more
Posted by Steven Shane | on June 24, 2009, 5:25 pmWe are often asked about foreclosure opportunities in Aspen. Though more prevalent now that in years past, for 2008 Pitkin County foreclosure filings numbered 30, about twice that of 2007-yet only 5 each year actually made it to auction. For May of 2009, county records indicate 11 properties were in foreclosure proceedings. One notable sale » Read more
Posted by Steven Shane | on June 16, 2009, 5:33 pmAs of this writing in June 2009, according to the Aspen/Glenwood Springs Board of Realtors®, both Aspen and Snowmass Village have available inventory levels as follows:
Aspen Single Family and Half-Duplexes: 246
Aspen Condominiums and Townhomes: 270
Snowmass » Read more
Posted by Steven Shane | on May 19, 2009, 3:34 pmThinking of buying a home or other real estate in the Aspen area? I have some tips and background information you should consider.
If you’re thinking of relocating to or moving within our area, please allow me a few days of lead time. Sitting down with you for 30 minutes or so before jumping out to » Read more
Posted by Steven Shane | on May 12, 2009, 4:33 pmOne of the upsides to Aspen is that a homeowner, if so inclined, can rent their home to offset the carry. So, although a $2,000,000 purchase price seems hefty, if you can net $60,000 in rental income, it is as though you only paid a million dollars for your property. Once the economy and real » Read more
Posted by Steven Shane | on May 12, 2009, 4:32 pmYes! Conforming loans under $750,000 are available at the lowest interest rates we’ve seen in 30+ years-in the 4% to 5% range. Jumbo loans are also available at rates in the 6 to 7% range. Condominium loans, though still available now, are projected to become more difficult to obtain later in the year. Interest rates » Read more
Posted by Steven Shane | on May 12, 2009, 4:31 pmAlthough the majority of Aspen owners historically thought that we were insulated from the national economy and real estate markets, this is not the case. That being said, however, if the rest of the country is seeing 50 percent devaluations, I would say Aspen is more in the 20 to 30 percent discount range off » Read more