Unlike two years ago, or even last year, we now have real buyers wanting to buy vacation homes in Vail and Beaver Creek, Colorado...home of two of the world's finest ski resorts. But, we find few who are ready to throw caution to the wind and buy their homes. Most Buyers are very reluctant, and are concerned that they either are not buying at the bottom of the market OR they are buying a home which will continue to depreciate.
There are reasons for the Buyers concern. They may live in an area of the Country where the real estate market has not begun to recover, there are huge inventory back logs, and/or the Buyers are wondering how long it will be before their new Property appreciates. Well, here's a GREAT piece of real estate news, over 50% of the real estate markets in this Country are seeing price appreciation, according to Barbara Corcoran, real estate expert and contributor to the Today Show.
I can't banish any of these worries or fears. But, I can tell my Buyers that we are seeing the signs of spring, both literally and figuretively. The Buyers are back and when they find a deal, a huge deal, we now have multiple offers. And, they are skiing the slopes with their loved ones and find that this is a wonderful place to share time, fun, and sunshine. They realize that not everything in life has to make total fiscal sense. And, I DO applaud those of you wanting to be fiscally smart and savvy. But when does the fun and emotion come into it? It isn't always about getting the best of someone on a buy. Some of winning is getting what you want, which means a home your family, friends, and perhaps rental "guests" will love and enjoy as much or almost as much as you.
Life has so many wonderful intangibles and sometimes your vacation/second home is just that an intangible experience. An experience which crosses your mind when you are sitting at your office working long hours at a job you probably love, but you give much of your all to because you do love it. But, you work hard, and you are often exhausted, and need a respite. As they say home is where the heart is, but it is also the place you can relax and reflect and some of it is spiritual. It is about finding yourself and those you love in a place which emotionally becomes home.
So what are you really waiting for, permission to buy something which in the end will have more value not only tangibly but intangibly? Why not buy that family/generational home where your children and grandchildren will treasure the wonderful memories and experiences they had with you, and will share with their children and grandchildren? It's all about the Quality Time Remaining...the snow is great, and we have at least 6 weeks of skiing left...come join us! Life is Wonderful in Vail and Beaver Creek!!
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