What You Should Know Before Putting in an Offer on Real Estate in Summit County.

1.)Get to know the area.

When searching for real estate in Summit County, find a local real estate agent who knows the market. As a result, you will have a better experience.  A detailed knowledge of all the towns, neighborhoods, businesses and guidelines is important because it allows you to dial in on the area that meets your needs. Rules and regulations, community alerts and homeownership expectations as well as hidden costs should all be discussed before putting in an offer.

Click to learn more about Breckenridge and the surrounding communities in Summit County.

 

2.)Knowledge of hidden costs

Find a local real estate agent who has a knowledge of hidden costs. A real estate transfer tax is a one-time payment. This payment is paid at the Closing Table and can be paid by the Buyer or the Seller. Transfer Tax is negotiable. Transfer Tax provides future owners and residents of the Town with certain amenities, services and benefits. This includes parks, trails, recreation, arts and cultural activities, infrastructure and capital improvements as well as community events.

Applicability of transfer tax and its percentage varies by Town and neighborhoods. Ask your Summit County realtor if the properties you are interested in, require a transfer tax. The percentage varies from 0%, 1%, 1.5% or 2% of the total purchase price.

3.)Importance of using  a local lender!

Find a local real estate agent who knows the importance of using a local lender. Resort communities are speckled with unique ownership opportunities. This includes time shares, condotels, single family and a variety of others. Some have transfer tax, some have resort fees, some have HOA fees and some have all of the above. The fees are due monthly, annually or quarterly. A local lender who knows the specifics of these neighborhoods can save you a lot of time, money and frustration because they know what questions to ask.

Click the town and search for Active Listings in Breckenridge, Frisco, Silverthorne, Dillon, Keystone and Copper Mountain. It is important to work with a local real estate agent. Call Jillian Turner today!