The real estate market is ramping back up! With the recent mortgage rate drops, it is opening the doors for buyers and I can feel their excitement. Just yesterday, I met with 6 different buyers looking to purchase property in Gunnison and Crested Butte this year. I can’t reiterate this enough, the headlines are not at all what is actually happening in the real estate market. Also, if you’re thinking about buying, talking with multiple lenders is more crucial now than ever. Each lender has their own rate program and they can vary widely. I am working with a buyer looking in the $600,000 range for a primary residence and they can do a permanent rate buy down to 4.25% by putting a little more cash upfront. For this example, the property is listed for $689,000 and it would be a $14,241 cost to buy down the interest rate 2.362% points. Lenders are also offering temporary 2-1 rate buy down programs where your interest rate is 2.75% the first year and the second year payment at 3.75%, then years 3-10 payment at 4.75%. I have an incredible network of amazing lenders so call me if you would like some recommendations.

I had dinner at The Breadery last night. If you haven’t eaten there yet, put it on your list! I could swim in a bucket of the whipped ricotta and be happy for the rest of my life. Their food is creative and delicious, the atmosphere is so fun and their drinks are really creative. I highly recommend!

And as a reminder, if you’re in town this weekend, make sure to check out the Alley Loop! It is such a fun event to spectate or participate in! This afternoon is the Fat Tire Bike Race and tomorrow are the nordic races.

Whatever you get up to this weekend, make the most of it!