If you are Thinking of Selling Your Home in Vail, be sure it will Stand Out among its competitors

Since there are fewer buyers looking at properties, what will it take to make your home the #1 choice of those searching? Pricing, condition, marketing and finishes are all controllable variables. Remember that first impressions are LASTING impressions. Do everything you can to make your home stand out and by all means keep it accessible to potential buyers. Other options include offering owner financing, paying closing costs or buying down the buyer’s interest rate. Call me for more creative strategies and a free market analysis. http://www.investinvail.com/

The $1 million dollar question? Is it time to buy real estate in Vail yet?

The answer is yes, but very selectively, and it is getting ever harder to sniff out a good deal. Homeowners with $500,000 properties and those with $5 million homes are riddled with debt problems and loss of income. The trick is figuring out which ones and who is really ready to make a deal.
According to Barron’s (11/24/08) the price of luxury homes (greater than $5million) is down 20% since peaking in 2007 and is expected to drop another 10-15% before bottoming out in 2010. Without further belaboring the dismal economic news and statistics from the last 3 months or so, we are nearing the worst recession since the Great Depression. In 2008 the S&P 500 returned a distressing negative 37% wiping out trillions of dollars of paper wealth (which seems to equal real wealth in the minds of many.) Our resort valley, which has been so immune to the pressures belying the rest of the country or world has finally succumbed to outside influ-ences. Short sales and foreclosures are rising at an alarming pace, and we have even seen absolute auctions taking place in Beaver Creek and Arrowhead. To read the rest of the newsletter, please visit my website at http://www.investinvail.com/