Breckenridge Associates
Real Estate

Recently, Breckenridge Associates Real Estate was notified by Land Title Guarantee Company that the Town of Breckenridge and closing companies are running into many situations regarding the conveyance within the town limits that has a transfer tax paid or stamped exempt. This issue is arising on all deeds, even Quit Claim Deeds. The Town of Breckenridge is going back 6 years, and if there is any deed that is not stamped exempt or the transfer tax was never paid on any type of conveyance, the town is not allowing the title companies to pay the new owner's transfer tax or have the new deed stamped exempt until all previous deeds have been taken care of with the town. Closing entities will not be able to close a transaction that has any of these outstanding deeds that were not stamped exempt from a prior conveyance or transfer tax paid, until the issue has been resolved with the Town of Breckenridge prior to closing. To review the Town of Breckenridge Ordinance and Guidelines, g...

Each month Breckenridge Associates Real Estate features our Top 5 Real Estate deals around the county. Ski season has officially started and the town is starting to look the part- snow covered mountains and the town is bustling with people. Peak 8 opened on November 8th and the snow keeps on falling. Here are our Top 5 real estates deals to kickoff a great ski season. 181 Red Fox Drive, 39 Degrees North Subdivision $849,000 4 bedroom, 4.5 baths GOT VIEW? Arguably the most stupendous view in all of Summit County. Supremely private, backs to National Forest, this thoughtfully crafted home features main level master, granite, Wolf & SubZero kitchen, vaulted greatroom, and a soaring stone fireplace. Splendid guest quarters and room for the whole gang. Automatic Back-up Generator system. Insane view of Summit's only 14'er! Lot next door is also available for $179,000. 891 High Point Drive, Breckenridge Heights Subdivision $469,000 4 bedroom, 2.5 bath Classic ski c...

Like always, there is plenty to do in the mountains this winter.  Check out the events calendar for happenings around the county.  Make sure to look ahead and plan your trip to Breckenridge and Summit County.  Please contact us to learn about real estate opportunities in Breckenridge and Summit County, Colorado. 800.774.7970 or 970.453.2200. Click here for the latest news about  Breckenridge Real Estate .

Fall has officially arrived.  The days are much cooler and the nights are cold.  The trees are turning gold, orange, and red.  Winter is knocking at the door.  Last month, Breckenridge received it's first dusting of snow.  It blanketed the peaks and looked beautiful with the fall colors intermixed.  This is a great time of year to make Breckenridge a place where you can start creating family memories this ski season.  Here are the Top 5 real estate deals for October 2013. 116 Victory Lane Beautifully treed forest with stunning views of Baldy.  Located in-town, yet a very private location.  Enjoy easy access to the Breckenridge Ski area trails.  Luxury appointed home with a spacious great room, open floor plan, floor to ceiling windows, double fireplace, second family room, two decks with a hot tub. Completely furnished. Great rental income potential. Listed for $1,650,000 MLS# S371376 95 Sunbeam Drive Located mi...

The warm summer days and cool fall nights have started.  There are signs of fall in the air with patches of golden leaves starting to appear.  This is a great opportunity to purchase your mountain home before the snow starts falling. Top 5 Real Estate Deals for September 2013 157 Outta Bounds Drive Sweet privacy surrounds your post and beam home with over 4 acres of wildflowers and trees.  The home is bordered by greenbelt, near the Breckenridge Golf Course at the bottom of Summit Estates for easy access. Mountain views, wood floors, open floor plan, soaring ceilings, loft, and large bedrooms make this a spacious home. Ceiling sprinkler system and 883 sq ft unfinished basement are ready for your design. MLS# S384883 Listed For: $1,399,000 Twin Elk Lodge Beautifully furnished, decorated and updated condo within one block to the Gondola and Breckenridge Main Street.  Ski in and never rented, so in perfect condition.  Enjoy the deck off...

The warm summer days and cool fall nights have started.  There are signs of fall in the air with patches of golden leaves starting to appear.  This is a great opportunity to purchase your mountain home before the snow starts falling. Top 5 Real Estate Deals for September 2013 157 Outta Bounds Drive Sweet privacy surrounds your post and beam home with over 4 acres of wildflowers and trees, bordered by greenbelt, near the Breckenridge Golf Course at the bottom of Summit Estates for easy access. Mountain views, wood floors, open floor plan, soaring ceilings, loft, and large bedrooms. Ceiling sprinkler system, 883 sq ft unfinished basement, bathroom plumbed, ready for your design. MLS# S384883 Listed For: $1,399,000 Twin Elk Lodge Beautifully furnished, decorated and updated condo within one block to the Gondola and Breckenridge Main Street, ski in, not rented so in perfect condition.  Enjoy the deck off of each bedroom plus dining room and private 1 car garag...

There's lots on-tap in Breckenridge and Summit County this Summer. Check out this Summer's event calendar for events around the county.   Please contact us to learn more about real estate in Breckenridge and Summit County, Colorado. 800.774.7970 or 970.453.2200. Click here for the latest news about  Breckenridge Real Estate .

The historically low mortgage rates sank even lower in November, setting records for both 30-year and 15-year fixed rate loans. According to Freddie Mac, the 30-year fell to 3.31% from 3.34% in mid-November. The 15-year rate averaged 2.63% compared to 2.65%. The current conditions mean it may make sense for current mortgage borrowers and new home buyers to look at shorter-term loans. An example of how the numbers add up follows: Homeowners currently paying off 30-year loans with rates of 4% spend $1,098/month in mortgage payments on a $200,000 balance, paying total interest of $143,739. Refinancing at 2.63% for 15 years would cost them $250/month more, but they would end up paying just $42,250 in total interest and their payment years would end earlier. Refinancing into another 30-year loan at 3.31% would cost homeowners only $877/month, saving $221 from the existing loan. But the total interest paid would come to $115,725 over the life of the loan. This is...

Welcome to the Top 5 Real Estate Deals for December 2012. It  remains a terrific time to be a buyer in our market with a great  selection of well-priced properties and continued historically low  interest rates. Whether you’re considering a beautiful ski-in, ski- out private home on the slopes of Breckenridge or an income  producing condo in the core of Keystone Village, you’ve come  to the right place. So let’s take a look at a few of the exceptional  values on the market today. And, now for our Top 5 Real Estate Deals for December 2012. 1.)  Silver Mill Condo, Keystone    First, let’s check out the least expensive 2 bedroom, 2 bathroom property in the core of Keystone’s River Run Village. Within a couple hundred yards of the Keystone Gondola, this Silver Mill Condo is listed fully furnished. The current owners have never rented the property, so it’s in immaculate condition and r...

Fannie Mae’s economists expect home sales to increase approximately 9 percent this year from last year’s levels. Their team of experts believe home prices hit bottom earlier this year. They state, record low mortgage rates and the Federal Reserve’s latest round of mortgage backed security purchases combined with current pricing will likely bring more buyers into the housing market.   Nationwide, they’re expecting sales will round out at 4.98 million this year and increase to 5.19 million units next year (for the first time in years). Fannie Mae’s team is estimating a rise of 2.9% in prices.   Locally, we’ve experienced year over year sales growth in Breckenridge as well as the Summit and Park County markets. Breckenridge has grown 10% in residential real estate sales over last year through October and Summit and Park County has experienced 18% growth. Now is the time to buy real estate! Are you interested in learning more about real estate opportunities in Breckenr...

Winter is here with all of Summit County ski resorts welcoming the start of ski season. Breckenridge opened this past weekend, and Keystone, A Basin, Copper and Loveland have their lifts churning for the winter too. Bring on the snow! If you are considering spending more time in the mountains this ski season by purchasing a home in Breckenridge, Summit or Park County, now is the time to buy. Call Breckenridge your home this winter. And, now for our Top 5 Real Estate Deals for November 2012. 1.) Whitewolf Unit 25, Breckenridge  This townhome is located just below the base of Breckenridge Ski Resort's Peak 8 and adjacent to the Breckenridge Nordic Ski Center. On the bus route with easy access to town and the slopes. The owners bought the home for $825,000 in 2007 and subsequently spent over $150,000 on upgrades including a second garage addition. $749,000                         Whitewolf Unit ...

This past spring, we reported on a bet the legendary investor, Warren Buffett, made on the U.S. Housing Market. In the article,  Buffett stated he would buy up a million homes if possible .  He voiced his confidence in housing coming back and addressed positive shifts in real estate. Now, continuing to show his faith in the US Housing Market, Buffett has been buying up real estate brokerages around the country. Along with partner Brookfield Asset Management, Berkshire Hathaway HomeServices is a new franchise brand in residential real estate. A press release says the brokerages that will make up the new company did a combined $72 billion in sales in 2011.   Buffett has been public about his bullish housing call for a while as he's built his residential real-estate brokerage business, but this is a big addition. Read the full Business Insider article here. Now is the time to buy real estate! Are you interested in learning more about real estate oppo...

In the early-to-mid 2000s, when our resort economy was growing at a rapid pace, many homeowners were dreaming of that second home purchase for vacationing or retirement. However, during this time housing prices skyrocketed and grew out of reach for many. Those same homes you may have eyed in that time period deserve a second look in today’s economy. Prices have since dropped in our local market. Interest rates combined with great deals may have now turned your dream home into a bargain. This table shows the difference in home prices and mortgage rates from 2006 compared to today. *Freddie Mac Rate Suddenly this may place your dream home back in reach. Now is the time to buy! Are you interested in learning more about real estate opportunities in Breckenridge, Summit and Park Counties? Contact us today and let us help make your dream home a reality. Please contact your Broker at Breckenridge Associates Real Estate to learn more about the incredible opportunities available tod...

Most buyers share a common question when working with their real estate broker to bring an offer to the table. Buyers want to know, “Is there any room for negotiation in the asking price?” While it’s an important question to ask, brokers in various markets are likely to respond differently depending on the real estate conditions specific to their area. Buyers in the Breckenridge and Summit County market can expect to pay an average of 3-6%-off the current list price for a home. Buyers want to be careful to not to offend the seller by proposing an initial offer that is too low. Our local market is not saturated with inventory, and the majority of our sellers are not selling out of desperation. A largely discounted initial offer may be a turn off to the seller, making them less likely to welcome working with you. Sellers may have already reduced their home’s sale price to remain competitive and increase their likeliness of a sale. Or the home may be priced fai...

1.) When you add up all of your income from every source, and that total is less than $200,000 ($250,000 on a joint tax return), you will not be subject to this tax. 2.) The 3.8% tax will NEVER be collected as a transfer tax on real estate, so you will never pay this tax at the time you purchase a home or other investment property. 3.) You will never pay this tax at settlement when you sell your home or investment. Any capital gain realized at settlement is just one component of that year’s gross income. 4.) If you sell your principle residence, you will still receive the full benefit of $250,000 (single tax return)/$500,000 (married filing joint tax return) exclusion on the sale of that home. If your capital gain is greater than these amounts, then you will include any gain above these amounts as income on your Form 1040 tax return. Even then, if your total income (including this taxable portion of gain on your residence) is less than the $200,000/$250,000 amoun...

Fall is here, and winter is quickly approaching. Now is the time when buyers are making their move to lock into a property for ski season. Snowmaking has begun at our local mountains and soon the lifts will be churning and ready to go.  If you are considering spending more time in the mountains this ski season by purchasing a home in Breckenridge, Summit or Park County, now is the time to buy. Deals are in season and buying now means you'll call Breckenridge home in time for winter. And, now for our Top 5 Real Estate Deals for October 2012. 1.) Tannhauser Condo, Breckenridge  This entry level 1 bedroom Tannhauser condo is amazing with a total remodel including granite counters, hickory cabinets, stainless steel appliances and everything else to boot. The unit comes mostly furnished, has underground heated parking and is walking distance to the ski resort and Main Street. $208,000                       ...