BRECKENRIDGE SKI CONDO MARKET REPORT

Is a Breckenridge Ski Condo your Perfect Colorado Mountain Retreat?

Copper Mountain Ski In Ski Out Condos!

Is a Copper Mountain Ski Condo Your Perfect Colorado Mountain Retreat?

It's a Buyer's Market For Copper Mountain Properties!

Keystone Condo Market Analysis

Thinking that a Condo in Keystone is your Perfect Colorado Mountain Retreat? Watch this video to find out how the market is performing!

Breckenridge Property Price Analysis

Is Breckenridge the right place for your Colorado Mountain Retreat?

Larry Stone answers some Tax Questions!

Our friend Larry has some great information regarding the tax on sale of your home to fund the new nationalized healthcare plan.  here's what he has to say-


Hi!-
Life would be a lot easier for all of us if tax laws didn't change all the time. Every year, Washington writes new laws. The IRS writes new regulations interpreting those laws. The Tax Court issues new decisions interpreting those regulations. And the IRS issues enough revenue rulings, revenue procedures, private letter rulings, and similar proclamations to keep an army of accountants and attorneys gainfully employed.
Sometimes, in the midst of all that motion, facts get twisted and misinterpreted. Sometimes a rumor gets launched that takes on a life of its own. Right now, there's an email going around that has most of us tax professionals shaking our heads. It warns that, starting in 2013, the healthcare reform act imposes a 3.8% sales tax on home sales. If you sell your $400,000 home, you'll owe a $15,200 tax!
If you see it in an email, it must be true, right? The truth, as is often the case with taxes, is a little more complicated than that - and a lot less scary. First, let's take a look at how taxes are figured on home sales today:

• First, calculate "adjusted sale price." This is the sale price of the house, minus expenses of actually selling it (last-minute fixups, commissions, etc.).
• Next, subtract "adjusted basis." This is the price you paid for the house, plus closing costs, plus any improvements you make that add value, prolong its life, or give it a new or different use. "Adjusted sale price" minus "adjusted basis" equals "gross profit."
• If you've owned your home for more than two of the last five years and used it as your primary residence for more than two of the past five years, you can subtract a "Section 121 exclusion" of up to $250,000 if you file individually or $500,000 if you and your spouse file jointly. If you don't meet the two-year requirement, you can still take a pro-rated exclusion reflecting how long you did meet those requirements.
• "Gross profit" minus "allowable exclusion" equals taxable gain. If you hold your house longer than a year, it's taxed as long-term capital gain and capped at just 15%.

The bottom line here is that few home sales are taxable - especially in today's down market - because of that Section 121 exclusion. So, where does the new healthcare law come in? Well, it does impose a new "unearned income Medicare contribution," beginning in 2013, of 3.8% on capital gains, for individuals earning over $200,000 and families earning over $250,000. (Don't you love how the folks in Washington spin that 3.8% "unearned income Medicare contribution"? Wouldn't it just be easier to call it a "tax"?)
That means any gain on the sale of your home that isn't already sheltered by the $250,000 or $500,000 exclusion might be subject to the new tax if your adjusted gross income is over the $200,000 or $250,000 threshold. That's a pretty far cry from saying there's a new 3.8% sales tax on home sales!
But somewhere along the line, Chicken Little saw the new 3.8% tax, missed the rest of the process, and saw the sky starting to fall. Being a thoroughly modern chicken, she hopped on her computer to fire off an email telling all of us that the sky was falling - and that email spread faster than the latest news about Snooki or the Kardashians. So now here we are, setting the record straight.
The next time you get an email with a rumor that sounds too awful to be true, don't just run around like Chicken Little. Send it to us. We can tell you if it's something you really need to worry about - and if so, we'll help you craft a plan to avoid or minimize the threat!

Larry D. Stone
Stone CPA
970.668.0772
970.668.0434
888.668.0772
larry@stone-cpa.com
Please visit our new web page at www.coloradotaxcoach.com


Thanks Larry for helping us with great advice and Info!  Now people can feel a little better when they want to sell their Colorado Mountain Retreat!

Keystone Single Family Home Market Analysis

Great Information if you are considering buying a Keystone Home!

Let us help you find your Perfect Colorado Mountain Retreat!

Financial Facts: How to avoid a contract faux pax | SummitDaily.com

Financial Facts: How to avoid a contract faux pax | SummitDaily.com

Thanks to Bob Kieber for this excellent article regarding some potential pitfalls with your purchase contract and mortgage! Remember to consult professionals and have a Buyer's Agent when you purchase your Colorado Mountain Retreat!

Dillon CO Single Family Home Market Analysis

Tell us how we can help you find your Perfect Colorado Mountain Retreat!

Tour Summit's finest at Parade of Homes | SummitDaily.com

Tour Summit's finest at Parade of Homes | SummitDaily.com

Get to the Summit County Parade of Homes! Get some Great Ideas for your Colorado Mountain Retreat!

Blue River Real Estate Market Analysis

Wondering How the market for homes south of Breckenridge is?  Looking for a home in Blue River or Northstar Village?

Watch the Breckenridge Real Estate Market Analysis Video!



Helping You Find Your Perfect Colorado Mountain Retreat!

How Low can interest rates go?

Here is part of an article we copied about low interest rates:

Olick - how low can mortgage rates go?

"What's the bright side to a 200 point drop in the Dow? Yet
another rush to Treasuries that pushes the 10-year yield below
two%; that, in turn, means even lower mortgage rates, right?
Maybe not this time. Mortgage rates are already hovering near
historic lows, with the 30-year-fixed heading toward four%, but
unlike home prices, experts tell me mortgage rates do have a
bottom...a bank-imposed bottom. Why? 'Because they [banks] don't
have to go lower on the rates to get business and because they
make more money if they don't go to the lower market rate,' says
Guy Cecala of Inside Mortgage Finance. 'It's also a way to
manage a potential flood of refi calls.' Craig Strent over at
Apex Home Loans agrees: 'I think part of the reason they are not
going lower is because lenders are already inundated with refi
applications and cannot handle another tidal wave.' The
refinance share of mortgage applications was hovering around 80%
a few weeks ago, but fell to 78% last week, even despite low
interest rates. Those who can refi to their advantage, largely
already have. Far too many borrowers are too far underwater on
their mortgages to qualify for a refi. Still, seeing rates go
under that emotional 4% will push more borrowers to apply for
refi's. Unfortunately low interest rates have not spurred home
buying, and that's why the big banks are in no hurry to entice
with even lower rates. 'Lenders would much prefer home purchase
loans, which have a much lower fallout rate than refi's,' says
Cecala."


Want to find your perfect Colorado Mountain Retreat? Call us today while rates are low!

Pennsylvania Mine clean-up crews look to go underground | SummitDaily.com

Last week we had the opportunity to tag along on this field trip. What a great experience to tour the area with experts on the subject and learn about the rich mining history in the Keystone area. Thanks to everybody who helped put this together. Our water quality is important and solutions that could help us clean up Peru Creek will help all residents of Summit County. Enjoy the attached photos this was a spectacular day and the scenery surrounding the mine area is unbelievable!  The continental divide, the wildflowers and such speak for themselves in these photos!

Pennsylvania Mine clean-up crews look to go underground | SummitDaily.com

REO and Foreclosure Properties in Summit County

Colorado Mountain Retreats Realty is proud to announce that we have a new partnership with a major nationwide bank to receive property information on REO and Bank Owned Properties weeks before they are listed in the MLS. Looking for a Bank Owned Property in Keystone, Breckenridge, Copper Mountain, Frisco, Dillon, Silverthorne or Blue River?  We will have lists updated weekly of properties soon to be listed.  You will be able to get this information before everyone else does!  www.ColoradoMountainRetreats.com

Quandary Village And Blue River Homes For Sale Open House Tour

We had the priviledge of touring some beautiful homes last Thursday Afternoon in Blue River CO and also Quandary Village areas south of Breckenridge CO. Bottom line here - If you want to be in the Breckenridge Area, but can't afford the Breck Prices, this is the palce to be! We first touraed a spectacular home in Quandry Village on Kimmes Lane. This solid log construction home is currently being offered at close to it's original purchase price from several years ago. Spectacular viwes of Quandary Peak from the amazing deck!

The Second home in this tour is also in Quandary Village - This is probably the best value in the area - The price has been reduced from $499,000 to $350,000. Surrounded by public land on 3 sides, this home looks out over beaver ponds and right up at Quandary Peak!

We visited several homes in Alpine Breckenridge and Blue River! Some of these homes are completely move-in ready and even include some or all of the furniture! One paticular area are the Blue River Condominiums - These are very affordable with 2 bedroom units available for under $200,000!


View Blue River and Quandry Village Open House Tour in a larger map


If you consider buying a home in these areas remember - this is a high alpine environment - the winter comes sooner, gets colder and snowier, and lasts longer than it does in even Breckenridge! So make sure you want this lifestyle. If this is right for you, you will enjoy a more secluded lifestyle, direct access to spectacular hiking trails, in some cases exclusive fishing rights and access on the Blue River and/or it's tributaries.  Definately a true Colorado Mountain Retreat!
Call Greg McCallum at 970 368 2709 for more information on homes for sale in these areas!

Grand Lodge On Peak 7 Open House Review

Last week we were invited to an open house at the Grand Lodge on Peak 7. Since I was formerly an electd public official, I have pavlovian conditioning that precludes me from turning down any event which has free food and BEvERidges, and off we went. To say that I was amazingly impressed is an understatement. The Grand Lodge on Peak 7 at Breckenridge is luxury from top to bottom.

We were shown around the property by one of their fabulous Salespersons - Shaubie Faia. From the lobby to the pools and BBQ area to the gym and salon, no expense has been spared in this property. The units are top of the line and all appear to have lock offs, so you can lease the part of the unit you are not using.

The location can't be beat - Right at the Independence chairlift - simply walk out a few steps and up the mountain you go. This is truly Ski In Ski Out Condo living! Other properties boasting ski in ski out don't have anywhere near this ease of accessability.

Ownership is flexible, you can buy as many weeks as you like up to 100% ownership. But hurry there is a very limited supply of 100% ownership interests available.

Tha best part for me as a local is the ability to use the facilities year round, regardless of whether it is my week or not. I can use the underground parking, the lockers and locker rooms as well as the gym,pool and BBQ area any time as part of my ownership experience. This is a huge value not only to locals, but to Denver and other front range day trip skiers. Who can argue with driving right up slopeside, parking, then going inside to your locker room to change into your gear. After skiing, enjoy your Apres ski, use the hot tub to work out the kinks, and let the I-70 traffic die down before you need to head back? Priceless!

Contact Colorado Mountian Retreats Realty at 303 641 0923 or www.ColoradoMountainRetreats.com for more information and let us set an appointment personnally at the Grand Lodge on Peak 7 at Breckenridge so you can discover this experience for yourself!

Breckenridge Real Estate Info

Dillon brews recognized at North American Beer Awards | SummitDaily.com

Here's another reason to live in Summit COunty and Breckenridge!
Dillon brews recognized at North American Beer Awards | SummitDaily.com

Silverthorne Colorado Single Family Home Sales Trends

www.ColoradoMountainRetreats.com

Breckenridge Home Sold with cash vs. financing

Appraisals take toll on Summit home values | SummitDaily.com

Appraisals take toll on Summit home values | SummitDaily.com
For more info on Home Values Call Greg McCallum at 303 641 0923 or visit www.ColoradoMountainRetreats.com