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Snowy ski seasons are a boon to ski real estate

On Behalf of | Dec 22, 2017 | Real Estate Investment |

Most people around the country see snow as a cold and brutal nuisance, but not in Colorado ski country — where snow equals tourist dollars and fun. For example, last year, Colorado and Utah received record levels of snow. Now, realtors who help customers buy and sell homes in ski areas are saying that last year’s great snow season has resulted in more home sales.

When the snow comes down, the tourists want to stay, so for anyone in the real estate business in ski areas may want to hope for a white Christmas this year. According to one realtor in Utah, 25 percent of her buyers were moving to the area because they had a great time on their last vacation. The realtor said, “The good snow (helped) some of my buyers with finally getting off the fence or picking up the phone.”

If you and your family are hoping to sell a ski area home, you might want to educate yourself on Colorado real estate law. The more you know about real estate, the better off you’ll be when it comes to navigating the task of looking for a suitable buyer and making the appropriate contractual arrangements for your sale.

A real estate agent can certainly handle all of the details of your home sale for you. However, when dealing with a high-dollar real estate asset like a ski home or ski condo, you may face unique legal challenges. Condos, for example, will have different condo association fees and potentially hidden costs that you will want to fully understand.

Source: Park Record, “Past winter snowfall had good effect on real estate,” Carolyn Webber, Dec. 5, 2017