Is it better to flip or rent a house in the current Vail real estate market?

When housing was at its peak people were buying and selling homes in Vail Colorado like crazy. Many people were buying, fixing and selling, a process that became known as flipping. The current real estate market is, without a doubt, a buyer’s market. This is a time where homes in the Vail Valley are more affordable than they have been in years and if people are able to secure financing there are many bargains to be had. That being said is this a good time to flip?

Flipping is great if you can turn a profit but in today’s market how big will your profit be? Many people who are investing in Vail real estate who may have been flippers a few years ago are now becoming landlords. Buying a house, fixing it up and renting it is covering their mortgage cost, possibly putting a little money in their pockets and allowing them to hold off on selling until the market picks back up. In 3, 5 or even 8 years the home that the investor has bought, fixed up and rented out will sell for more than it will today and the investment will pay out that much more, especially if it has been cash flowing the entire time that it was rented.

Flipping a home in Vail makes sense if an investor will turn a profit but right now being a landlord may pay out even more in the long run.

Visit www.vailmountainproperties.com for access to the Vail MLS and all Vail Valley Real Estate listings.

Don’t hesitate to call Gil Fancher today at (970) 390-7469, for excellent service and information on Vail Real Estate!

Around the Country and in Vail the First Time Home Buyer Tax Credit has helped instigate real estate sales.  There has been a push in the House to get the First Time Home Buyer Tax Credit extended, as well as expanded.  Last week the House passed a bill extending the $8,000 tax credit into next year for military, diplomatic and intelligence workers who have been working overseas.  This bill’s passage leaves many hopeful that an extension for regular first time home buyers will pass as well.  Much of the increase of Vail real estate sales has been attributed to the First Time Home Buyer Tax Credit.

There is a strong sentiment to extend the First Time Home Buyer Tax Credit because the real estate market is not seen as completely stable yet.  The hope is that if the tax credit is extended then real estate sales in Vail will continue to improve.  If the credit gets opened up to include all home buyers, as some would hope, then real estate sales volume is expected to pick up quite a bit.

For the latest from Realty Times regarding the tax credit click here.

Visit www.vailmountainproperties.com for access to the Vail MLS and all Vail Valley Real Estate listings.

Don’t hesitate to call Gil Fancher today at (970) 390-7469, for excellent service and information on Vail Real Estate!

There are many questions when it comes to investing in real estate today one of which is, is it a good time to invest in vacation real estate or, for that matter, Vail real estate? Currently it is a buyer’s market almost anywhere in the Country, as well as many locations overseas. If you can acquire financing or have the extra cash to invest, Vail real estate has always been seen as a good investment because while it may take its dips, historically it has always rebounded. Many signs point to it being a great time to invest in Vail real estate. These signs include:

• Low interest rates

• A drop in home values

• Fewer buyers, therefore less competitive market place

• Lower property taxes due to drop in home values

• Higher inventory, therefore more homes to choose from

If you have been wanting to purchase or invest in a second home in Vail, there hasn’t been a more attractive time to purchase vacation real estate in quite some time.

For more information on investing in vacation real estate visit the Realty Times web site.

Visit www.vailmountainproperties.com for access to the Vail MLS and all Vail Valley Real Estate listings.

Don’t hesitate to call Gil Fancher today at (970) 390-7469, for excellent service and information on Vail Real Estate!

A Realtor can be an invaluable tool when buying or selling real estate

Are you looking to buy or sell Vail Valley real estate? An often perused question is: Should I use a Realtor or not?  People often underestimate Realtors and their importance in a real estate transaction.  On both sides of a deal a real estate professional can be an invaluable asset, helping to keep deals together and run more smoothly.

If you are selling your Vail Valley home a Realtor can be valuable in a number of ways.  Realtors know the Vail market and how to evaluate the price your home should be sold at.  A Vail Valley real estate professional will advertise, market and expose your home to other real estate professionals as well as the community at large, not to mention the large customer base that they may already have.  A Realtor can help you set your home up for success by helping you present your property in a way that will appeal to potential buyers.  Realtors are indispensable when it comes to contracts and making sure each step is carried out to the seller’s best interest.

For a person looking to buy Vail Valley real estate a broker can be an incredibly helpful tool when looking for real estate.  Not only does a competent Vail Realtor know the local real estate market and what is available but he also knows the community, its amenities and all that it has to offer.  A Realtor will write a contract when a buyer has found his ideal property and will help the buyer follow through with each step until closing.

In a nutshell, Realtors are incredibly helpful in diminishing the stresses involved with buying and/or selling real estate.  Contact Gil Fancher, (970) 390-7469, an experienced Realtor in the Vail Valley, if you are thinking of buying or selling property in Vail today.

Go to www.vailmountainproperties.com for access to the Vail MLS and all Vail Valley Real Estate listings.

Don’t hesitate to call Gil Fancher today at (970) 390-7469, for excellent service and information on Vail Real Estate!