Blog :: 12-2012

Welcome to our blog!

Below you will find information on real estate, our local area, and the community. Please feel free to comment on any posts, we would love to hear what you think! 

Here at Okemo Mountain ... the snow just keeps coming!

It seems that our collective prayers have been answered and the snow GODs have blessed us with the best snow for the Christmas Holiday than we have seen in years!

The Real Estate in the Okemo Valley is "in use" evidenced  by the smoke seen from nearly every chimney and house lights so bright it looks like a festival of lights from the top of Okemo's peaks cascading  down through the valley and up again to the nearby hills of the Ludlow Valley.

WinterWonderland_web

Cheers to a snow filled winter and a happy healthy New Year!

Now get out and play!

Thinking of selling and don't know where to start?

Selling a home can be overwhelming, whether it is your primary home or a family vacation home. Many sellers don't know where to start. Your first call should be to a local Realtor® preferably one that comes recommended to you from a family member or friend who had a positive experience or a Realtor® that you have done some diligence in researching their area of expertise.

Every market is different and finding the Realtor® that is best suited to sell your home is an important factor to consider. The bottom line is you may like a Realtor® as a person and they may be successful but are they successful in the market which your home will be placed? Inviting a Realtor® into you home to give you a fair market analysis is a great start but it is equally important to listen to what the professional has to say about what you need to do in order for your home to shine and show at its best. A Realtor® can give you a list of service people that can help you get projects done as well as help you to prioritize those projects according to your budget. It is not a bad idea to meet with two or even three Realtors® before listing your property. When interviewing a Realtor® it is important to take the time to look at their advertisements, website and how their listings look on line. Are the pictures clear or blurry? Are there pictures of rooms with un-made beds or clothes on the floor? Are the exterior pictures taken on a blue sky day and from the best possible angle? You may be surprised by what you can learn when you look at a Realtor's® pictures. Buyers are easily turned off and will ignore properties that do not present well on-line no matter how low the price may be. If their listings do not grab your eye, how will your listing appear to other consumer? Remember a picture may be worth more than a 1,000 words, when it comes to selling your home, it may be worth $$!

Okemo is the difference when it comes to snow making!

Living and working at the foot of Okemo Mountain is a reminder on a daily basis of the true effort and persistence required to get our gentle giant up and running.

With the start of Christmas vacation week a mere 10 days away Okemo and its staff is a buzz with activity.  Cooperating low temperatures have made it possible for the snow making team to transform the mountain into a winter wonderland.   This weekend the mountain will be operating 40 trails and 8 lifts. Amazing right?

Selling real estate on Okemo means we are driving up and down the mountain several times a day.  This morning I drove up Okemo Ridge Road and noticed the snow guns working the kiddie poma area and this afternoon the area was completely transformed and ready for action.

We are ready for Mother Nature to blow some snow our way but in the meantime .... have no fear Okemo is HERE!

Happy skiing & riding!

Yukon Kornelius Okemo Mountain Resort

What you should know about real estate appraisals

An appraisal isn't an exact science

When appraisers evaluate a home's value, they're giving their best opinion based on how the home's features stack up against those of similar homes recently sold nearby. One appraiser may factor in a recent sale, but another may consider that sale too long ago or the home too different, or too far away to be a fair comparison. The result can be differences in the values two separate appraisers set for your home.

An appraisal is a snapshot

Home prices shift, and appraised values will shift with those market changes. Your home may be appraised at $150,000 today, but in two months when you refinance or list it for sale, the appraised value could be lower or higher depending on how your market has performed

You can ask for a second opinion

If your home appraisal comes back at a value you believe is too low, you can request that a second appraisal be performed by a different appraiser. You, or potential buyers, if they've requested the appraisal, will have to pay for the second appraisal. But it may be worth it to keep the sale from collapsing from a faulty appraisal. On the other hand, the appraisal may be accurate, and it may be a sign that you need to adjust your pricing or the size of the loan you're refinancing.

Your Home Mortgage Interest Deduction Under Fire!

Homeowners everywhere should pay close attention to the changes our government is proposing to the Mortgage Interest Deductions. The Federal government is once again looking for ways to generate additional revenue; it is no secret that in the past legislators have put this sacrificial lamb on the chopping block and it seems they are at it again.

While the benefits of home ownership are many, the interest deduction is very important to homeowners.  It seems that some people even think that doing away with the deduction with help jump start the housing market. Some people will want to beat the government to the finish line by buying now assuming there will be some kind of clause for existing owners.  Really?

The National Association of Realtors® recently conducted a survey asking the following question:

How do you plan to use your mortgage interest deduction tax savings this year?

  • 35%    Home improvements
  • 32%    Pay off bills
  • 23%    Deposit in savings
  • 8%      Family trip

This potential change affects buyers, sellers and current owners.

We all need to pay attention!