Salida Colorado Real Estate Today

2012-01-04T13:28:00.003-07:00

Salida is once again on the move. A proposed master plan has been submitted for major renovations to Centennial Park and Salida Hot Springs Aquatic Center. Salida has always enjoyed the luxury of the hot springs pool. Now, there is a proposed major expansion. It would include an outdoor water park with slide, shallow pools for children and adult soaking pools; new entrance with lobby and new locker rooms; and expanded parking areas. Centennial Park will receive new handicap restrooms, playground equipment and picnic area. The plan also includes a temporary "Christo Visitor's Center" building to be used during the Over the River viewing period. This kind of progress is what makes Salida, Colorado a real community. Expansion of our resource is a smart move for our city.

When you consider the new City Building, the new High School, the expansion of the Sewer Treatment Facility, the expansion of the Heart of the Rockies Regional Medical Center, new trail system and the Natural Resources Center, Salida has a lot of positive moves in place.

Now is a great time to join this vibrant community. We can't wait to help you find your little piece Salida to call home

Why Salida, Colorado?

2011-11-29T10:06:00.003-07:00

Yes, there is lots of awesome real estate available here in Salida, Colorado and, yes, I would be happy to help you find the house, acreage, or business to make your dreams come true. That being said, there are lots of places with lots of desirable real estate, so, why Salida?

I confess that as I have lived consecutive years here in the mountains (and I live at 9,000 feet, so I do mean IN the mountains) something strange happens to me this time of year. I get past the initial disappointment that comes with the colder weather, the end of raft season, the packing up of summer sundresses, the arrival of daylight savings time, and then, for lack of a better expression, I get stoked! I find myself, much like now, waiting with baited breath, for it to snow.

Every year it seems the excitement starts to build with the anticipation of Thanksgiving - a holiday, that for most of my adult life, has revolved more around bringing together friends, than blood relatives. This year, we received a lovely invitation to joint friends in town for a Thanksgiving that featured a 30 pound turkey that they raised and slaughtered themselves. How cool and sustainable is that? And where did they raise their turkey? In their backyard in downtown Salida! along with their chickens! And because it was their first turkey, they had a friend help them slaughter and prep the bird, and went as a family with their two young children to perform the task - which lead to many lovely moments over dinner where the hostess proudly referred to herself as, a Bird Slayer.

The day after Thanksgiving in Salida marks, the Annual Parade of Lights and lighting of Christmas Mountain. This has to be one of the most charming, Norman-Rockwell-type, events in all of the 50 states. Historic Downtown Salida is closed off to cars and becomes a pedestrian and bicycle zone. The shops stay open late into the evening and host little soirees with steamed up windows, wine and cocoa. The taverns are rife with merry makers, groups of rogue Santas wander the streets, dogs dressed as elves pass clusters of families caroling, "God Rest Ye Merry Gentlemen," and at some point "S" Mountain lights up and transforms into Christmas Mountain - the largest single Christmas ornament in, at least, the lower 48. The crowd cheers, a fireworks display to rival the Fourth of July spouts from the mountain top and lights the faces of enamored onlookers, and by the end of this evening I am ready for it to snow already! Why?

Thanksgiving weekend also marks the annual start of Monarch's Ski season on the Julian calendar, but not always on Mother Nature's calendar. This year we are in a holding pattern as we wait for that Monarch cloud to get hung up and give us the dump we need to get the season going; Monarch Mountain makes no snow, which makes for great riding and affordable lift tickets.

With ski season temporarily stalled out, and a series of uncompromisingly fair November days to bide, the trade of has been a week of mountain biking. (Terrible, I know.) This spring I traded in my cleats for flats, and my road bike for a 29er, and began riding trails from here to Utah. I'm still not huckin' it for Santa, but I sure am having a good time on Salida's Mountain Trails.

Lovely seasonal traditions, sustainable living, great skiing, awesome (sometimes year-round) mountain biking, affordable mountain town real estate, still looking for more reasons to call Salida home? Why not check out a couple of new and diverse culinary experiences around town. Little Cambodia, on F Street, between First and Sackett, owned by the lovely Phanny Jones, a Cambodian native herself, serves up delicious Cambodian specials, Thursday-Monday. It's become a local favorite for good, fresh food at lunch or dinner.

Had enough of buffalo burgers and brewery pizzas? Don't get me wrong, I love these Colorado staples, but I also adore, SUSHI! I know what you're thinking, sushi in a small mountain town in a land-locked state, right, how good could that be? Well, I'm here to tell you, it's really good, and a phenomenal addition to our downtown dining options. Every Tuesday night, Currents Steak & Seafood, on F Street in Historic Downtown Salida, rolls up and dishes out a surprising assortment of rolls, nigiri and sashimi. From the tempura basked, to the Chef's Choice sashimi platter, to the ever popular A-team roll, this sushi menu is solid, dependable and delicious. Have someone in your party who is not down with the raw fish? Added bonus, Currents runs their everyday grill side menu on Tuesday nights as well.

As you wander through downtown Salida, you might hear one local say to the other, "How's it going today?" to which the other replies, "Just another day in paradise!" or "Livin' the dream!" When you're ready to start livin' the dream, give me a call, I'll help you find a place to live and a whole lot more! Salida, Colorado - Because not all backyards are created equal.

Get in touch with me by email or phone: hale@weshillrealestate.com or 719-221-4637. You can also reach our office at 719-539-6616 and preview listings on our website at http://www.weshillrealestate.com/

K Hale Chamblee

Broker/Associate

Direct: 719.221.4637

Email: Hale@WesHillRealEstate.com

BLM approves 'Over the River'

2011-11-08T14:49:00.005-07:00

By way of background, Over the River, is a large-scale, environmentally interactive, temporary, artwork proposed by artist, Christo and his late wife, Jeanne-Claude. The project will suspend eight silvery translucent fabric panels, totalling 5.9 miles, along a 42 mile stretch of the Arkansas River between Salida and Canon City, in what is known as Bighorn Sheep Canyon. Since its proposal, the project has met with a number of challenges: from the requisite Environmental Impact Statement (a 1,686 page tome), to BLM approval, to local objector group, Rags Over the Arkansas River, as well as area denizens concerned about the impact the installation, exhibition and de-installation will have on their daily lives: commute times, potential noise pollution, emergency services access, etc.

As you travel around Salida and the surrounding communities, by bike, car, or raft, it is impossible not to notice the stickers of support, 'Friends of OTR,' and dissent, 'Just Say NO to CHRISTO,' plastered on car bumpers and property entrances. There is no doubt that the community has some very strong opinions about the merit and viability of this project - and so I am going to voice mine, in favor of OTR. To be honest, the possibility of the OTR project, and of working on it, is one of the reasons I moved from San Francisco, CA to Salida, CO. In my life's previous incarnation I worked installing temporary, large-scale interactive artworks both at festivals, like the Annual Burning Man Arts Festival, and in civic settings, like San Francisco, Oakland, Detroit, and it was among the most challenging and rewarding work I have ever done. I will not argue the validity of many of the concerns of the project's objectors, I simply subscribe to the belief that art, perhaps like life, is not meant to be easy, and that the challenges presented by the project can be navigated, because ultimately, solutions are more interesting than problems. In fact, personal experience has shown me that a lot of times objection is born out of misunderstanding, misconception, and/or fear of the unknown. While Christo has been manifesting these kinds of artworks, internationally for decades, they certainly are not the norm in the art world. nor do they necessarily subscribe to societal mores, such as permanence or logic, and so it is understandable that one might be skeptical. I'm not saying that everyone will become a believer, simply that we should not let skepticism, doubt, or lack of confidence, guide, well, really any of our decisions.

That said, you can safely assume that I am pleased to hear that the BLM has approved the project. The number of individuals and agencies that have had to work together to get the project just this far is astounding, and, if you ask me, exciting. The project is fueling a lot of conversations and creating, already, a lot of interactions that would not otherwise take place; it is also raising a lot of questions. How much will OTR cost? An estimated $50 million; Who will pay for the project? The Christo Organization; When will construction start? In 2012; When will the project be exhibited? and for how long? August of 2014, for 2 weeks; What kind of economic output is the project estimated to generate? $121 million; How many visitors are expected during construction and display? 400,000; How many jobs will be created? Approximately 600; What is the next step? Permits from Chaffee and Fremont counties are required before construction can begin.

During the first week of December 2011, Christo plans to visit Salida and Cotopaxi and continue his conversation with the community. In the meantime, you can learn more about OTR by visiting, http://www.overtheriverinfo.com/. Information about the artist and his career is available at http://www.christojeanneclaude.net/. The record of the BLM decision and additional information about the project can be found at www.blm.gov/co/st/en/fo/rgfo/planning/otr.html.

For information about Salida Colorado Real Estate, please contact me

K. Hale Chamblee

Broker/Associate

Wes Hill & Associates

719-221-4637

Email: hale@WesHillRealEstate.com

Alder Creek Ranch

2011-11-01T09:36:00.004-06:00

Many buyers are looking for a little slice of heaven in Colorado. I just listed an exceptional property in Saguache County. The Alder Creek Ranch is located just 30 minutes from Salida Colorado. This working cattle ranch consists of 342 acres, has corrals, barn, a workshop and irrigation water. Year round Alder Creek sweeps through the property.

If recreation is what you are looking for, you can ride from your home through public lands on two sides. Hunting season bring plenty of game. Views of the Sangre de Cristo Mountains are unrestricted. All in the untouched, sunny San Luis Valley. For more information on Salida Colorado Real Estate visit my website at http://www.weshillrealestate.com/.

Recreation around Salida

2011-10-05T13:27:00.004-06:00

One gem in the Salida community is our Salida Hot Springs Aquatic Center. It is a year-round facility, offering recreation and relaxation in natural mineral water. The hot springs water is collected underground and piped about 8 miles from the source, high in the majestic Rocky Mountains. This sparkling, clear and odorless water was enjoyed by the Ute Indians. It flows continually into the Salida Hot Springs pools, refreshing and warming them naturally. The Aquatic Center offers swim lessons, arthritis water therapy, a water safety instructor certification course and adult coached swim sessions. They even offer kayak roll sessions to keep you sharp during the winter months.

On October 16, the Aquatic Center will reopen its famous private soaking pools. You can enjoy soaking in privacy in the hot mineral spring water. The water is sparkling clear and odorless. The Ute Indians believed it healed mind, body and spirit. Minerals in the water include Silica, Aluminum Iron Oxide, Sulphate, Calcium, Bicarbonate, Potassium, Chloride and Sodium.

For other recreation ideas visit our Fall-Winter 2011-12 Recreation Guide. Salida Recreation offers a variety from Salida Community Contra Dances, Cooking Classes, Skate Jam & Halloween Party, Ski Bus to Monarch Mountain Ski and Snowboard Area and tons of fitness classes.

Colorado Fall Colors

2011-09-28T15:58:00.009-06:00

There is nothing quite like a Colorado indian summer day. Yesterday I spent some time on Monarch Pass and took a few photographs of the changing aspen. The colors this year range from brilliant yellow to reds and oranges. I recommend getting into the high country this weekend. Take a walk on Marshall Pass, visit the historic ghost town of St. Elmo, soak in the Salida Hot Springs Pool and eat in one of our many restaurants. Now is a perfect time to look into Salida Real Estate.

Wes Hill

Broker/Owner

Wes Hill & Associates

719-221-2041

wes@weshillrealestate.com

Mortgage Rates "WOW"

2011-09-28T15:51:00.002-06:00

When the local Mortgage Loan Officer sends you an updated residential mortgage rate sheet with the tagline, "WOW!" you know the rates are something special.

If you are thinking about buying a home, the time is NOW! Check these out: 40 year fixed: 4.25%, 30 year fixed: 3.75%, 15 year fixed: 3.00%. For more information on how to take advantage of these rates by working with local lenders, or to start your housing search now, get in touch - I'd love to work with you!

K. Hale Chamblee

Broker Associates

Direct: 719-221-4637

Email: Hale@WesHillRealEstate.com

Cottonwood Meadows: Absolute Auction 9/30/11

2011-09-28T15:41:00.003-06:00

The court ordered Absolute Auction of Cottonwood Meadows will be held at the Orpheum Theater in downtown Buena Vista on September 30th at 4:00 p.m. Don't miss your chance to purchase a 274 acre ranch, or a portion thereof, bordering one of the last great Colorado Rocky Mountain towns.

This property had extensive planning for residential and commercial development. With its close proximity to the town of Buena Vista and long paved frontage road on Crossman Avenue (CR 350), this ranch makes a great investment for the future growth this area will likely see.

The property will be offered in parcels, any combination and in its entirety.

Summer and winter sports activities are close at hand with Aspen 62 miles to the west, Copper Mountain, Vail and Breckenridge 58-78 miles to the north. Collegiate Peaks Wilderness Area and the San Isabel National Forest are only minutes from this property. The unspoiled trout waters of Cottonwood Creek tumble through the meadows, cottonwood and aspen groves before spilling into the Arkansas River.

This ranch holds some of the most senior water rights in the region - dating back to the 1860's. Lush meadows, fertile fields, two houses, long paved road frontage and 3/4 miles to downtown Buena Vista, make this an incredible investment opportunity.

If you are interested in bidding at the auction, we recommend you work with a broker actively licensed in the State of Colorado (Oh wait, that's me) and in order to participate you will need to properly register (I can help) by 12 noon on September 29th. If you would like, previews and inspections can be arranged prior to auction. Need not be present to participate.

For more information on this incredible investment opportunity, and how to participate, please contact me at 719.221.4637 or send email to hale@weshillrealestate.com

K. Hale Chamblee
Broker/Associate
Direct 719.221.4637
email Hale@WesHillRealEstate.com

USA Pro Cycling Challenge

2011-08-29T09:34:00.004-06:00

On Tuesday, the 2011 USA Pro Cycling Challenge began in Salida. The world's top male cyclists rode from Salida to Mount Crested Butte in a scant 4 hours, 29 minutes, and change. A first time event, as well as, a first for Salida in terms of an event of this magnitude, and I didn't kow quite what to expect. How many people would there be? Would they - riders, crew, fans, etc. - treat our town with respect? How would they treat me? Would I be able to get to work? What would the vibe be like? How excited would people be? How would we show our spirit? The answers to all of these questions and more? The vibe was great. People from all walks of life were excited to be here. Crews, from volunteer to event staff, were professional and efficient. Law enforcement was present and unimposing. Mountain bikes, fixies, cruisers, and penny farthings were all present. Local musicians plucked and played together. Community, civic participation, spontaneous human and human-powered-machine interaction were all there. Take note of the shot of the "Victoria" sign at the race start, taken by Jeff Gross of Getty Images. What a great place to live, Salida, we're not just in the Heart of the Rockies, we are the Heart of the Rockies!

K. Hale Chamblee

Broker Associate

719-221-4637

hale@WesHillRealEstate.com

Colorado Getaway

2011-08-02T16:24:00.002-06:00

Have you ever watched Colorado Getaways on Denver's Channel 4? Every week the crew goes to another beautiful place and then shares it with its viewers. Readers, I just happen to own one of the Colorado Getaways and want to sell it. The Alpine Cottage sits on 2 acres in Howard, Colorado. Beautifully landscaped with Stout Creek, large pines and aspens. The fireplace just needs your Bear Rug to warm a winter evening. The peaks known as "Twin Sisters" form the backdrop of the Sangre de Cristo mountains. Wildlife and flowers abound. Take your choice; live in it or rent it. Let me show it to you. Call me, Dale Little, 719.221.0150.

Consensus Among Salida REALTORS: It's a Buyer's Market

2011-05-26T16:31:00.003-06:00

New data out after the first quarter of 2011 have Salida Realtors all saying the same thing, "it's a Buyer's Market."

The average sales value of commercial, residential and land properties in Chaffee County decreased during the first quarter of 2011. The average price for any conveyance in the first quarter of 2011 was $187,961, compared to $227,380 in 2010 and $222,245 in 2009. A 9.43% increase in the number of transactions, but a 1.99% decrease in the dollar amount from 2010 suggests there is more market activity (which is a good thing), just at a lower price piont (which favors buyers).

Looking for more data suggesting a Buyer's Market? The dollar amount for transactions is down 49.86% from 2008. If there is a time to buy, this trend suggests it is now.

The drop in the average dollar value of properties sold so far in 2011 is down 17.3% from 2010. This, combined with the increased number of transactions, suggests that sellers are finally willing to meet the market and that could bode well for real estate in 2011. We're all aware that things aren't quite what they used to be, economically speaking, but if the bar gets lowered across the board, and buyers and sellers are coming to agreement, and market activity is up, then maybe less is more.

Lower sales prices mean that home ownership is becoming a reality for a broader cross section of our community. Young couples and growing families are gaining access to homes, as well as the kind of financial and emotional stability offered by ownership. And shouldn't this be a good thing? Shouldn't the future of Salida be able to invest in their own community and familial well-being?

Properties that are doing the best are residential homes with acreage, and personally, I don't find this surprising. Whether folks are purchasing first or second homes, a lot of people move to Salida to get away from it all: for a lower pace, a shift in value systems from urban mainstream, for a little breathing room, fewer neighbors, ad more sustainable livestyle - at least these are a few reasons that I moved ot Salida from the San Frnacisco Bay Area 4 years ago.

For more information on current market trends, or to request information about the area or specific properties, please contact me, Hale at: Hale@WesHillRealEState.com or call (719) 221-4637. Can't wait to hear from you!!

ARKANSAS RIVER CADDIS HATCH:Big Week Ahead for Anglers

2011-05-03T13:14:00.007-06:00

The week ahead promises to be a big one for anglers on the Arkansas River. Why? The Annual Caddis Hatch.

The annual hatch was waylaid by cool temperatures at the lower end of Big Horn Sheep Canyon, which stretches from Salida to Canon City, but was anticipated to arrive in Cotopaxi early this week. The current warming trend is expected to bring the hatch to Salida by this weekend, just in time for the annual, Trout Unlimited Caddis Banquet! Held this Saturday, May 7th at the Chaffee County Fairgrounds. Live auction, dinner, cash bar and raffle specials. For tickets and information call (719) 539-4236.

Fly recommendations for the week ahead include size 16 Olive Caddis Pupae and size 16 Black Foam or Elk Hair Caddis to represent the adults. For mayflies, try 18-20 Barr emerger, RS02 or Juju Baetis for drifting nymph and a Parachute Adams for the adult. The hatches are mainly an afternoon phenomenon, a nymph rig with stonefly nymphs, caddis larvae and midge pupae is recommended for the mornings.

For more information on the local fish haps, or to book a float trip, contact our local fly fishing shop, Ark Anglers. If you're looking for more information on real estate on the Arkansas River, contact me at (719) 221-4637, but if I don't answer right away it is probably because I am learning to tie very small amounts of elk hair to fishhooks.

K. Hale Chamblee

Broker Associate

Direct: 719.221.4637

Email: Hale@WesHillRealEstate.com

Help for Conflicted Home Buyers

2011-04-27T16:33:00.000-06:00

Thinking about buying a home in the Salida area, but feel like you are getting conflicting advice? You're not the only one. First sales are up, then they're down. The market is showing signs of renewed movement, but then that movement proves only horizontal. Signs point to a recovery, then oil prices rise, creating uncertainty. Salida's market has retained a great deal of stability compared to others, but what does this all mean for the prospective home buyer and how can it affect your purchase?

You ask: If it's possible that prices could continue to fall, why should I buy now?

I say: WELL, the primary concern for folks selling a home is price, while your primary concern should be cost. This means you need to take into account your financing options and what your monthly payment will be - considering not just the price of the home, but also the interest rate on your mortgage. Waiting for prices to drop while mortgage rates rise could cost you more in the long run. Fannie Mae, Freddie Mac, the National Association of Realtors, PMI and the Mortgage Banks Association all project rising interest rates over the next several quarters. Meet with your mortgage professional to help you understand what an interest rate increase will cost you based on the size of your loan - that will help you make a decision.

You ask: If I buy now, when will I begin to see appreciation?

I say: APPRECIATION varies by market. To get a better idea we'll need to look at continuing pricing trends, however, there are indicators that suggest values will begin to rise nationally this year. New and existing home sales are up. The National Association of Realtors projects a 0.5% increase in 2011. Additional research shows experts think prices will start to increase in the second half of 2011, and will reach a cumulative appreciation of more than 10% by 2015.

You ask: Is buying really better than renting?

I say: WHY did you even begin to consider buying a home? The Fannie Mae National Housing Survey shows that the primary reasons people buy a home have nothing to do with money at all: 1) They want a place to raise and educate their children (and Salida, Colorado is a great place to do just that!) 2) They want a place where their family will feel safe. 3) They want to have plenty of living space, 4) and to have control over that space. Basically, people want autonomy, What non-financial benefits will you and your family gain from owning a home? Your answers should be the reason you decide whether or not to purchase.

For more information on buying a home in Salida, Buena Vista and the surrounding areas, please contact me directly at 719.221.4637 or via email at hale@weshillrealestate.com. Curious about what's on the market, check out our website: http://www.weshillrealestate.com/.

Why Use a Realtor?

2011-04-06T11:18:00.000-06:00

To use a REALTOR or not? That seems to be the question. Does a REALTOR better serve a buyer or a seller? and in what ways? Of course the decision to engage a REALTOR rests solely with the buyer or seller, but here are a few advantages to working with an agent, no matter which side of the bargaining table you are sitting on.

First things first, a REALTOR is not a sales representative, rather a REALTOR will oook after your interests - and she/he is legally and ethically obligated to do just that.

For buyers considering whether or not to work with a real estate agent, consider the following:

1) Working with a REALTOR is free to the buyer. It won't make a difference in the purchase price of a house or property as the commission is paid by the seller. As a buyer you get the benefit of experienced representation at no cost, and how often does that happen?

2) An experienced real estate professional can use his or her knowledge of the market to provide long term investment advice, which basically means helping you get the most bang for your buck when you buy AND when you're ready to sell.

3) With a REALTOR you won't encounter any surprise costs. Over the course of a real estate contract there are costs incurred by both the buyer and seller that relate to things like inspections, loans, appraisals, title work and so on. An experienced agent will help outline these costs for you so that you don't have any surprises along the way.

4) Real estate agents have many resources to help you with your property search, including but not limited to access to the Multiple Listing Services, connnections with other agents, sellers, and the ability to uncover unlisted properties.

5) Whether it's the selection process, negotiations or closing one of the greatest advantages to having a REALTOR is the ability to get objective information. Buying and selling homes can be a very emotional process. As a third party, an agent can help you see the facts for what they really are, whether it's unexpected repairs, community information on utilities, zoning, repairs or what have you.

6) A real estate agent can help you do your due diligence when buying a property by referring you to qualified responsible professionals who can provide inspections, review title work, etc. A good inspection and a clean title (especially out here where there can be access and easement issues on rural properties) can resolve issues that might otherwise become a headache later.

For sellers considering whether or not to engage a real estate professional, consider the following:

1) One of the biggest advantages to a seller is that a REALTOR can provide up-to-date information as it relates to the current marketplace, price points, financing and the terms and conditions of competing properties, which helps you settle on the best price quickly with minimal hassles.

2) In addition to providing you with current information about the real estate market, a REALTOR also works as a marketing coordinator by making sure that your property is marketed to other real estate agents, the public, the MLS and other cooperating networks.

3) 82% of real estate sales are the product of agent contacts such as previous clients, referrals, friends, family and personal networks. Why not have that 82% on your side?

4) When you work with an agent you don't need to allow strangers into your home.

5) In the same way that an agent can help buyers retain their objectivity, so can they with sellers. A REALTOR can help objectively evaluate a buyer's proposal without compromising your marketing position. A sales contract is only the beginning of a transaction and there are likely to be unforeseen circumstances along the way. An agent can help you navigate things like unexpected repairs, title blight, and excessive paperwork to arrive at a successful closing.

Personally, I worked with a REALTOR when I bought my first home, and before I became one. Now if only I could engage a similar sort of representative when it comes to buying and selling automobiles! If you're interested in working with a qualified REALTOR in the Salida, Colorado area, you can reach me at: hale@weshillrealestate.com or direct at 719.221.4637. If you're curious about properties on the market, please visit our sebsite: http://www.weshillrealestate.com/.

K. Hale Chamblee

Broker/Associate

Direct: 719.221.4637

Email: Hale@WesHillRealEstate.com

The River is Coming up, As is the Salida Real Estate Market

2011-03-18T16:38:00.000-06:00

The river is coming up, as is the Salida real estate market. Last Saturday the Arkansas River was running 1,000 cfs through Brown's Canyon and in spite of borderline temperatures we took the opportunity to float from Stone Bridge to Salida East. The trip was absolutely lovely, save for this newcomer, who left the keys to her truck, located at the take-out, in the truck located at the put-in. Ooops! It took a little figuring, a little extra help, and a small detour, but we had the shuttle sorted before we ever laid eyes on the boat ramp at Salida East.

The Salida real estate market is not unlike the Arkansas River this time of year. It's coming up, but slowly. While the snow pack is over 100% in the high mountain areas, we haven't seen much of the white stuff down low this year, and that means the river, like the real estate market, is also coming up with a little uncertainty. Temperatures are still a little low, but higher than they have been in what seems like eons. Clients are ready to buy, but the ways in which lending has tightened up means things might take a little extra figuring, require extra help or encounter a detour or two. Regardless, what had first appeared to be mere lateral movement in the market now seems to be a definite step towards forward momentum.

If you're interested in Arkansas River Real Estate, please contact me for the 64 properties currently listed in the MLS of residential and land properties on the river between Buena Vista and Salida, and if you have questions, please contact me hale@weshillrealestate.com!! Hale Yeah!

K. Hale Chamblee
Broker/Associate
Direct 719.221.4637
email: Hale@WesHillRealEstate.com

Salida's Cycling Season

2011-03-02T15:47:00.000-07:00

I started out titling this post, "Salida's Cycling Season is on the Horizon," but then realized it's not, it's HERE! Maybe it's the opening of new single track trails on the outskirts of town, or the flurry of friends rushing to sign up for Ride the Rockies that makes me feel like we're on the cusp of something, but in actuality, winter in the valley has been mild enough this year to affort cyclists year round riding.

Salida Mountain Trails (SMT) is fueled by local volunteers who have been working hard to grow the area's mountain bike trail system. 2010 saw the completion of the North Backbone Trail, Little Rainbow Trail and the sustainable re-routes of the Sand Dunes and Uncle Nasty trails - all free, fun trails at the edge of town.

North Backbone is 3.5 miles of challenging single track that connects CR 173 behind Tenderfoot Mountain with Ute Trail (CR 175) and ultimately allows mountain bikers, runners and hikers to link up trails all the way across the Arkansas Hills.

Little Rainbow Trail (LRT) accomplishes SMT's longtime goal of creating a trail suitable for beginner mountain bikers. The LRT is a wide, non-technical trail for all ability levels. It connects the Old Racetrack Trail near Burmac's on the east side of town to the Skull Trail off County Road 110 and is 5 miles of easy trail excellent for biking, hiking and trail running. In 2011 SMT hopes to connect the LRT to Sand Gulch.

The sustainable reroutes of the Sand Dunes and Uncle Nasty Trails have not compromised the difficulty of the trails in any way, so hard core single track riders have nothing to fear.

Road riders looking for a challenge can sign up for the Ride the Rockies lottery, with accepted teams (up to 2,000) riders to be announced at the onset of March. This is the 26th year for Ride the Rockies and the course boasts 6 mountain passes, 22,000 feet of vertical gain, one loop ride, and a total of 412 miles from Crested Butte to Georgetown in 6 days. Salida teams are already registered and training on the area's many mountain passes will begin for riders (including this one!) this month.

These are just a few more reasons I call Salida home. If you'd like to call Salida home, please contact me and I'll be happy to help you explore the area's real estate market - Heck, we can even do it by bicycle if you like!

K. HaleChamblee
Broker/Associate
Direct 719.221.4637
Email: Hale@WesHillRealEstate.com

2011-02-28T11:21:00.000-07:00

Spring is just around the corner! No Really. The real estate business is always thinking ahead out of necessity. Real estate brokers need to consider the same things market analysists think about and vice-versa. Buying and selling real estate is an important part of the world-wide economy and local economies. Especially an economy that has taken a serious hit such as this one. All the explanation is in preparation for encouraging anyone 'just thinking' about buying a home or selling any kind of property. Now would be a great time to get started. There are a lot of preparations involved in listing and selling a home and in order to get to "sold" it's time to get going! The "early bird really does get the worm" so get started now!

Susan Downing

Broker/Associate

susan@weshillrealestate.com

719-688-2097

Salida's Rocky Mountain Lifestyle

2011-02-08T16:33:00.000-07:00

The thing about living in a small town in the Rocky Mountains is that most of your entertainment happens outdoors. There just aren't a lot of concert halls or museums, although we do have the Storyville movie theater - which has been getting Salida's denizens Oscar ready all year. What I'm really getting at though, is that recreation tends to be dictated by the weather, and this last week proves it.

Today I woke up to 11 inches at Monarch Mountain, where it was -6 degrees with the wind boasting 40 mph gusts up top, and the mountain was full of mostly locals that had come to ride the 2 foot of new snow that had fallen in the past 48 hours. Sure the bar had a steady rotation of cold fingers and toes warming themselves up on hot toddies and nachos, but out on the mountain you couldn't miss the wails of delight as skiers and snow boarders alike rolled through thigh deep snow welcomng the face shots hidden in the trees.

By way of comparison, last weekend brought temperatures so warm that heading up to the ski hill wasn't even a consideration. We took the jeep back into Brown's Canyon Wilderness and bucked up the trail just as far as we could and then, in jeans and t-shirts, ran the dogs above the Arkansas River. In fact it was so warm Saturday, we were ready to put the boat in the water on Sunday and have ourselves a little float through Salida town, and we weren't the only ones. Monday's paper revealed some other anglers had done just that and taken advantage of a warm Saturday afternoon on the river pulling mostly rainbows and a couple of brown trout from the January waters, and pumping their stomachs to see just what they eat all year long. The answer, surprising in volume for January, was midges and one Olive Caddis.

I lived in San Francisco, California for 7 years before I moved to Salida, where I am now enjoying my 4th winter and the lifestyle is really starting to sink its teeth into me. I love spending my days off seeing how many runs a girlfriend and I can rack up on the mountain, or grilling those bacon wrapped jalapeno poppers for the Super Bowl half time snack while standing out in the lightly falling snow. I like that people here don't complain about the weather, rather they celebrate it, strive to be closer to it, find a way to harness, embrace or enjoy it. I like that folks around here pay attention to the outside world and the weather around them - it's part of what helps shape the Rocky Mountain lifestyle.

In the real estate industry we do see a lot of potential buyers that are wooed by the natural beauty that cradles this valley and the abundant outdoor entertainment that comes along with it. Undoubtedly, property on the Arkansas River (or one of her major tributaries) is the most coveted and south after in the area, and this season we are seeing some pretty remarkable pieces going up for sale. So, if you're in the market for a Rocky Mountain lifestyle, get in touch and we'll help you with a place to live, but he lifestyle is up to you!

K. Hale Chamblee
Broker/Associate
Direct: 719.221.4637
email: Hale@WesHillRealEstate.com

Salida Eats

2011-02-01T13:10:00.000-07:00

Its interesting to talk to folks in from out of town and have them say, "Whenever I come to Salida I ALWAYS eat at _________," because this next visit some of those folks are in for a very pleasant surprise. For a little Rocky Mountain town nextled in a doughnut hole of fifteen 14,000 ft. peaks, Salida sure has some good eats these days.

The classics are still here, like: Amicas Pizza & Microbrewery, offering handmade wood fired pizzas, specialty sandwiches, fresh salads and of course, Salida's only locally made beer, or Laughing Ladies Restaurant, a Historic Downtown institution serving up Modern American Cuisine for lunch, dinner and what might be this girl's favorite Sunday brunch in town.

In recent years Salida has been adding to the list of local eateries and situated right on the Arkansas River, the Boathouse Cantina, is a spot not to be missed. Featuring an array of delicious salsas and what might be the most diverse beer tap in town, you can't beat the Boathouse for good food and a great view. Enjoy the Cantina in the summertime when kayakers abound in nearby play holes and the windows roll up to let in the roar of the Arkansas whitewater.

New to the Salida Eats scene just this year are The Fritz, 216 Ferraro's, Wallbangers Sports Bar & Grill, and just this week, Currents:

American Bistro? Global Cafe? The Fritz serves up delicious sandwiches by day, small plates by night and they just might have the best burger in town - which they serve up to locals for a reduced price every Monday. Last night I had the pineapple jam, greens and terryaki steak BURGER! Whoa! Don't miss the bacon macaroni and cheese!

Across from Riverside Park on "F" Street is 216 Ferraro's Italian Restaurant featuring killer house made pastas and deserts, Italian wines and daily specials.

Head out to the highway to get your sports bar fix at Wallbangers, open just over a month now Wallbangers is becoming a popular spot with locals and tourists alike. Wonder what they'll have on special this Super Bowl Sunday?!

Featuring their full menu for the first time this week: Currents, a downtown steak and seafood bar serving mussels, fresh oysters, crab cakes and a menu designed to please everyone in the family. Check out their 2 for 1 Happy Hour from 3-5 pm daily.

No trip to Historic Downtown Salida would be complete without stopping in at the Victoria Tavern, built in 1902 it's been a bar ever since and has the history to prove it. With the original back bar, gun rack and pressed tin ceilings, the Victoria is a favorite on the Historic Preservationists list, but for someone looking for a little local color you can't beat The Vic for a good drink, the inside scoop around town and handful of stories about the wild, wild west - it's also the best spot to see live music in town! Plus, Monarch Season Pass and same day ticket holders get in FREE to all winter long. (See what I mean about an insider's tip?!)

Just a short way down the road to the junction of U.S. Highway 285 & Highway 50 is Grimo's Italian Restaurant. Intimate and full of old school charm, this is where Frank Grimo has been serving up the classics at reasonable prices for years now. From the King cut prime rib, to the meatballs, to the hugely reasonable wine list, the homemade soups, and a Limoncello martini that will knock your socks off, this is a must for locals and tourists alike. The service is excellent and Grimo's gets my vote for best date night spot around!

After a day on the river, mountain, or trail be sure to pop into one of these Salida area restaurants for a good meal and some local hospitality.

K. Hale Chamblee

Broker/Associate

Direct: 719-221-4637

email: Hale@WesHillRealEstate.com

What's Shakin' in Salida?

2011-01-26T14:07:00.000-07:00

Once the holidays pass and MLK weekend has come and gone things tend to settle down here in Salida and start to plod along at that slow, small-town-winter pace. All of a sudden there is seating in the restaurants again and you know most of the folks at the bar, the lift lines have gone back down to almost nothing, the mountain is "ours" again and the Monarch Lodge is full of familiar faces. Work and play butt heads on powder days, but other than that it's generally a pretty relaxed pace until spring break.

Maybe it's the mild winter that is responsible for keeping things moving, because this year there seems to be no sign of things slowing down - no indicator that it is, in fact, late January. Sure, the numbers came out yesterday offering statistics that compare real estate transactions were down 18.38% in Chaffee County from 2009 to 2010, and the total dollar amount down 16.5%. While statistics offer the empirical data that some thrive on, I'm not sure they are the best, and they are certainly not the only, barometer we have when it comes to the local economy and what it indicates for the real estate industry.

Full of momentum and still riding on the coattails of initiatives begun in 2010, there is little doubt that Salida is on a mission to invest in itself and its future. In 2010 Salida residents passed a $17 million bond issue, supported by a $12 million grant from the State of Colorado to fund a new high school - a decision that had students and teachers high-fiving in the hallways after getting the good news. With local firms currently caught up in the bidding process, and forums being set up for community input, construction is due to start as early as April. In addition, the city has also approved a $17.6 million project to install a new waste water treatment plant. Combined with the new high school, these two projects will provide a definite economic boost to the area.

After a complete renovation and restoration, the Touber building, Salida's old hospital with a history dating back to 1885, opened in the Spring of 2010 with offices and meeting rooms for city departments and county agencies. Many in the area were pleased to see such an effort made to both preserve the historic building and incorporate it into everyday life. In addition the hot water line from Poncha Springs to the Salida Hot Springs Pool was replaced causing a several degree rise in the water temperature at the aquatic facility. The warmer water coupled with recent improvements made to the locker/shower facilities have made the Salida Hot Springs Pool even more of a destination for locals and tourists alike.

Cristo's hotly contested, "Over the River" project continues to jump through the requisite hoops. Having completed an environmental impact statement and comment period, the Bureau of Land Management is expected to make a decision this spring as to whether or not the project can move forward. If approved, the project will have significant economic impact over the next three years, and establish long-term notoriety in the international art world.

In a time that is generally slow for Realtors and builders alike, I have already seen the second story go on the first house of the year, and Wes Hill & Associates has closed the largest market share, 21% or $1.3 million, year to date. Local design and build firms like, Natural Habitats are busy with clients that want to build first, second and investment homes in 2011. Plus, we've seen a recent rise in new businesses, predominately restaurants, in Salida. 2010 boasted the opening of both 216 Ferraro's Italian Restaurant and The Fritz Bar & Bistro (which incidently, has been hosting an incredible sushi night once a month) in Historic Downtown Salida. This year we've already seen the arrival of Wallbangers Sports Bar & Grill on Highway 50 across from the soon to open Hampton Inn, and February promises the opening of a new steak and seafood house, "Currents," in downtown Salida.

With $47 million in construction projects on the horizon (both of which will benefit Salida residents for decades to come), new houses in the ground and on paper, 4 new businesses cropping up in less than a year, and a solid start to the year for Wes Hill & Associates, things can't be all bad. I can't help but feel like the local economy is on the upswing and I take pride in the fact that Salidans are investing in their town, their children and their future. With all this going on at the end of January it's a little staggering to think about what will be shakin' in June 2011. stay tuned for more!

K. Hale Chamblee

Broker/Associates

719-221-4637

Email: Hale@WesHillRealEstate.com

Exciting Times in Salida

2011-01-18T15:57:00.000-07:00

Hello again friends!

Well, here we go on another year. However, I am not getting any older how about you. Age, I think is in your mind. I am looking forward to better times. Just pause for a minute and look at the projects that are scheduled to begin in 2011 in southern Chaffee County. A new sewer plant, new high school, hopefully the Natural Resources Center, new golf course community. That is over $60,000,000 in new work and whether you like or dislike Cristo's project, it is projected to add $70,000,000 of work from here to Parkdale and right on the heals of the previously mentioned projects. Someone is going to be able to spend money in our community.

Keith Baker

Broker/Associate

719-539-8366

2010: Year in Review

2011-01-14T15:30:00.000-07:00

Considering buying or listing property in Salida, Colorado area? Let this year in review help you set realistic expectations when it comes to buying or selling real estate in the Arkansas River Valley and surrounding areas.

Salida Realtors cover a pretty broad area, geographically speaking. In fact I'd say we do business within about a 100 mile radius, and that covers a lot of different kinds of properties in a variety of municipalities and outlying areas. For this reason, I've broken down the year in review by region to help paint a better picture of our overall market.

In SALIDA, there were 120 residential closings in 2010. The most expensive of which sold for $926,000, and the least expensive, for $5,000. The average list price was $319,165 and the average sold price, $294,164, or about 93% of the asking price. If you're thinking about listing your home, the average number of days on the market was 245.

In CHAFFEE County, there were 216 residential closings in 2010 ranging from $926,000 to $5,000. The average list price in the county was $299,666, with an average county wide sale price of $278,466, or, again, about 93% of asking. Properties in the county spent an average of 257 days on the market.

In CHAFFEE, SAGUACHE and FREMONT Counties, there were 294 residential closings in 2010. Sales prices ranged from 1.5 million on the high end, to $5,000 on the low end. The average list price for the tri-county area was, $278,855, with an average sale price of $258,357, or 93% of asking. Average number of days on the market? 244.

What does this mean? If we look back at 2009, the short answer is that the Salida area real estate market is stable. 2009's numbers are remarkably close to 2010's, with overall sales up just slightly this year. Salida isn't immune to some of the real estate trends being seen in other areas of the country. We do have some foreclosures, short sales, and homes at auction, but this is a small subset, not a market trend. For buyers and sellers serious about doing business in the area, I hope these numbers help you set expectations as we embark on 2011 together.

K. Hale Chamblee

Broker Associate

719-221-4637

Hale@WesHillRealEstate.com

New Year

2011-01-10T13:34:00.000-07:00

The New Year has begun!! Although I like the holidays (a lot) I do have to say its nice to return to a routine!! The kids are back at school, I'm back at work and Salida is back in business! Salida has a lot to look forward to this year. . . construction starts on the new high school starts in April. . . construction of the new water treatment facility will begin soon. . .the erection of the Natural Resources Center should start . . . lots to look forward to!

Gay Dewberry Hahn

719-221-1789

Responsibilities of a Real Estate Broker

2010-12-14T15:42:00.001-07:00

As we are looking at the end of the year, I began to contemplate exactly what a Real Estate Broker does for the Buyer and Seller in a transaction. Some homeowners are attempting to save money and offer their property as a “For sale by Owner.” In the end many transactions become too complicated and the homeowner or buyer end up with costly mistakes.

The Colorado Real Estate Agent posted their position on the obligations of a Broker. Most transactions run through my office engage the Broker as a Transaction Broker. The Commission statement is as follows:

(1) A broker engaged as a transaction-broker is not an agent for either party;
(2) A transaction-broker shall have the following obligations and responsibilities:
(a) To perform the terms of any written or oral agreement made with any party to the transaction;
(b) To exercise reasonable skill and care as a transaction-broker, including, but not limited to:
(I) Presenting all offers and counteroffers in a timely manner regardless of whether the property is subject to a contract for sale or lease or letter of intent;
(II) Advising the parties regarding the transaction and suggesting that such parties obtain expert advice as to material matters about which the transaction-broker knows but the specifics of which are beyond the expertise of such broker;
(III) Accounting in a timely manner for all money and property received;
(IV) Keeping parties fully informed regarding the transaction;
(V) Assisting the parties in complying with the terms and conditions of any contract including closing the transaction;
(VI) Disclosing to prospective buyers or tenants any adverse material facts actually known by the broker including but not limited to adverse material facts pertaining to the title, the physical condition of the property, any defects in the property, and any environmental hazards affecting the property required by law to be disclosed;
(VII) Disclosing to any prospective seller or landlord all adverse material facts actually known by the broker including but not limited to adverse material facts pertaining to the buyer’s or tenant’s financial ability to perform the terms of the transaction and the buyer’s intent to occupy the property as a principal residence; and
(VIII) Informing the parties that as a seller and buyer or as landlord and tenant they shall not be vicariously liable for any acts of the transaction-broker;
(c) To comply with all requirements of this article and any rules promulgated pursuant to this article; and
(d) To comply with any applicable federal, state, or local laws, rules, regulations, or ordinances including fair housing and civil rights statutes or regulations.

These are the obligations of the Broker. Our true responsibility goes well beyond the obligations. We market property globally. We calendar and advise the parties of upcoming deadlines. We help with recommendation on everything from local contractors to local cell phone service. Many times we can help when working with banks and title companies. We are quite simple the liaison between Homeowner, Buyer and the community. We form friendships with our clients.

Outside of the actual job, we volunteer our time and resources to the community. Wes Hill & Associates also gives back one percent of every transaction locally. These donations go to the schools, food bank, Farm to Table, Habitat for Humanity, ArkValley Humane Society and many other worthy organizations.

A Broker is a cheerleader for the place they live and work. Our children attend schools. We are knowledgeable about recreation, hospitals, schools, industry, government, regulations, historical societies – just about everything that goes on in a community.

Wes Hill

2010-10-08T11:32:00.001-06:00

October 8, 2010

It's hard to believe that it's already early October! The morning air is crisp. . . the valley is surrounded by the gold, red, and orange of autumn leaves . . . apples are hanging from trees just waiting to become part of that flawless apple pie. . . the summer white waters of the Arkansas River have slowed to the turquoise waters of fall. . . football is in full swing. . hunters are anticipating the "big hunt". . . skiers and snowboarders are digging out their wax. . .stores and galleries are bustling and preparing for the holidays that will be upon us all in no time. . .

If it sounds like I love this time of year, I do, especially here in Salida and the Upper Arkansas River Valley! To me, Salida is the perfect place to live, work, and raise my 2 children. It is the "perfect size"(just under 6,000), the "perfect distance" from several of the bigger Colorado cities(about 2 hours driving time), and has almost "perfect weather"(sunny and warm in town but, oh by the way, there is 350+ inches of snow on near by Monarch Mountain)!

I do love this time of year in the Rockies! If you haven't experienced it, now could be the "perfect time" for you to come and take a look! You may just decide to stay!

Gay Hahn-Dewberry

Federal Housing Tax Credit

2010-02-09T16:51:00.001-07:00

Mulling over the complicated Federal Housing Tax Credit situation, I though I would provide some answers from the National Association of Home Builders Site.

The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010).The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation.
Who is eligible to claim the $6,500 tax credit?
What is the definition of a move-up or repeat home buyer?
How is the amount of the tax credit determined?
Are there any income limits for claiming the tax credit?
What is “modified adjusted gross income”?
If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?
Can you give me an example of how the partial tax credit is determined?
How is this home buyer tax credit different from the tax credit that Congress enacted in July of 2008? How is this different than the rules established in early 2009?
How do I claim the tax credit? Do I need to complete a form or application? Are there documentation requirements?
What types of homes will qualify for the tax credit?
I read that the tax credit is "refundable." What does that mean?
Instead of buying a new home from a home builder, I hired a contractor to construct a home on a lot that I already own. Do I still qualify for the tax credit?
Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program?
I am not a U.S. citizen. Can I claim the tax credit?
Is a tax credit the same as a tax deduction?
Is there a way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2009 or 2010 tax return?
HUD allows “monetization” of the tax credit. What does that mean?
If I’m qualified for the tax credit and buy a home in 2009 (or 2010), can I apply the tax credit against my 2008 (or 2009) tax return?
For a home purchase in 2009 or 2010, can I choose whether to treat the purchase as occurring in the prior or present year, depending on in which year my credit amount is the largest?
How can two unmarried buyers allocate the tax credit if one qualifies for the $8,000 first-time home buyer tax credit and the other qualifies for the $6,500 repeat home buyer credit?
Does a married couple qualify for any home buyer tax credit in the following situation? Spouse A has lived in and owned the same principal residence for at least five years. Spouse B has lived in and owned the same principal residence for less than five years.

Who is eligible to claim the $6,500 tax credit? Qualified move-up or repeat home buyers purchasing any kind of home are eligible to claim this credit.
What is the definition of a move-up or repeat home buyer? The law defines a tax credit qualified move-up home buyer (“long-time resident”) as a person who has owned and resided in the same home for at least five consecutive years of the eight years prior to the purchase date. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse. That is, both spouses must qualify as long-time residents, with at least five years of principal residency for each. Repeat home buyers do not have to purchase a home that is more expensive than their previous home to qualify for the tax credit.
How is the amount of the tax credit determined? The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500. Purchases of homes priced above $800,000 are not eligible for the tax credit.
Are there any income limits for claiming the tax credit? Yes. The income limit for single taxpayers is $125,000; the limit is $225,000 for married taxpayers filing a joint return. The tax credit amount is reduced for buyers with a modified adjusted gross income (MAGI) above those limits. The phaseout range for the tax credit program is equal to $20,000. That is, the tax credit amount is reduced to zero for taxpayers with MAGI of more than $145,000 (single) or $245,000 (married) and is reduced proportionally for taxpayers with MAGIs between these amounts.
What is “modified adjusted gross income”? Modified adjusted gross income or MAGI is defined by the IRS. To find it, a taxpayer must first determine "adjusted gross income" or AGI. AGI is total income for a year minus certain deductions (known as "adjustments" or "above-the-line deductions"), but before itemized deductions from Schedule A or personal exemptions are subtracted. On Forms 1040 and 1040A, AGI is the last number on page 1 and the first number on page 2 of the form. For Form 1040-EZ, AGI appears on line 4 (as of 2007). Note that AGI includes all forms of income including wages, salaries, interest income, dividends and capital gains.To determine modified adjusted gross income (MAGI), add to AGI certain amounts of foreign-earned income. See IRS Form 5405 for more details.
If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?Possibly. It depends on your income. Partial credits of less than $6,500 are available for some taxpayers whose MAGI exceeds the phaseout limits.
Can you give me an example of how the partial tax credit is determined? Just as an example, assume that a married couple has a modified adjusted gross income of $235,000. The applicable phaseout to qualify for the tax credit is $225,000, and the couple is $10,000 over this amount. Dividing $10,000 by the phaseout range of $20,000 yields 0.5. When you subtract 0.5 from 1.0, the result is 0.5. To determine the amount of the partial first-time home buyer tax credit that is available to this couple, multiply $6,500 by 0.5. The result is $3,250.Here’s another example: assume that an individual home buyer has a modified adjusted gross income of $138,000. The buyer’s income exceeds $125,000 by $13,000. Dividing $13,000 by the phaseout range of $20,000 yields 0.65. When you subtract 0.65 from 1.0, the result is 0.35. Multiplying $6,500 by 0.35 shows that the buyer is eligible for a partial tax credit of $2,275.Please remember that these examples are intended to provide a general idea of how the tax credit might be applied in different circumstances. You should always consult your tax advisor for information relating to your specific circumstances.
How is this home buyer tax credit different from the tax credit that Congress enacted in July of 2008? How is this different than the rules established in early 2009?The previous tax credits applied only to first-time home buyers and were for different amounts of money.
How do I claim the tax credit? Do I need to complete a form or application? Are there documentation requirements?You claim the tax credit on your federal income tax return. Specifically, home buyers should complete IRS Form 5405 to determine their tax credit amount, and then claim this amount on line 67 of the 1040 income tax form for 2009 returns (line 69 of the 1040 income tax form for 2008 returns). Please note that although the Form is titled “First-Time Homebuyer Credit,” this is the correct form for claiming both the $8,000 first-time homebuyer tax credit and $6,500 repeat buyer tax credit.No other applications are required, and no pre-approval is necessary. However, you will want to be sure that you qualify for the credit under the income limits and repeat home buyer tests. Note that you cannot claim the credit on Form 5405 for an intended purchase for some future date; it must be a completed purchase. Home buyers must attach a copy of their HUD-1 settlement form (closing statement) to Form 5405 as proof of the completed home purchase. In cases where a HUD-1 form is not used, such as for construction of some new homes, you should attach a copy of the certificate of occupancy in lieu of the HUD-1.Homebuyers should be sure to read the instructions for the revised IRS Form 5405 to be sure they meet the new program requirements.
What types of homes will qualify for the tax credit? Any home that will be used as a principal residence will qualify for the credit, provided the home is purchased for a price less than or equal to $800,000. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes) and houseboats. The definition of principal residence is identical to the one used to determine whether you may qualify for the $250,000 / $500,000 capital gain tax exclusion for principal residences.It is important to note that you cannot purchase a home from, among other family members, your ancestors (parents, grandparents, etc.), your lineal descendants (children, grandchildren, etc.) or your spouse or your spouse’s family members. Please consult with your tax advisor for more information. Also see IRS Form 5405.
I read that the tax credit is “refundable.” What does that mean?The fact that the credit is refundable means that the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Typically this involves the government sending the taxpayer a check for a portion or even all of the amount of the refundable tax credit.For example, if a qualified home buyer expected, notwithstanding the tax credit, federal income tax liability of $5,000 and had tax withholding of $4,000 for the year, then without the tax credit the taxpayer would owe the IRS $1,000 on April 15th. Suppose now that the taxpayer qualified for the $6,500 home buyer tax credit. As a result, the taxpayer would receive a check for $5,500 ($6,500 minus the $1,000 owed).
Instead of buying a new home from a home builder, I hired a contractor to construct a home on a lot that I already own. Do I still qualify for the tax credit? Yes. For the purposes of the home buyer tax credit, a principal residence that is constructed by the home owner is treated by the tax code as having been “purchased” on the date the owner first occupies the house. In this situation, the date of first occupancy must be after November 6, 2009 and on or before April 30, 2010 (or by June 30, 2010, provided a binding sales contract was in force by April 30, 2010).In contrast, for newly-constructed homes bought from a home builder, eligibility for the tax credit is determined by the settlement date. To provide proof of purchase, homebuyers must attach a copy of the HUD-1 Form or certificate of occupancy to IRS Form 5405.
Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program? Yes. The tax credit can be combined with an MRB home buyer program.
I am not a U.S. citizen. Can I claim the tax credit?Perhaps. Anyone who is not a nonresident alien (as defined by the IRS) and who has owned and resided in a principal residence in the United States for at least five consecutive years of the eight years prior to the purchase date can claim the tax credit if they meet the income limits. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse. The IRS provides a definition of “nonresident alien” in IRS Publication 519.
Is a tax credit the same as a tax deduction? No. A tax credit is a dollar-for-dollar reduction in what the taxpayer owes. That means that a taxpayer who owes $6,500 in income taxes and who receives an $6,500 tax credit would owe nothing to the IRS.A tax deduction is subtracted from the amount of income that is taxed. Using the same example, assume the taxpayer is in the 15 percent tax bracket and owes $6,500 in income taxes. If the taxpayer receives a $6,500 deduction, the taxpayer’s tax liability would be reduced by $975 (15 percent of $6,500), or lowered from $6,500 to $5,525.
Is there a way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2009 or 2010 tax return? Yes. Prospective home buyers who believe they qualify for the tax credit are permitted to reduce their income tax withholding. Reducing tax withholding (up to the amount of the credit) will enable the buyer to accumulate cash by raising his/her take home pay. This money can then be applied to the downpayment.Buyers should adjust the withholding amount on their W-4 via their employer or through their quarterly estimated tax payment. IRS Publication 919 contains rules and guidelines for income tax withholding. Prospective home buyers should note that if income tax withholding is reduced and the tax credit qualified purchase does not occur, then the individual would be liable for repayment to the IRS of income tax and possible interest charges and penalties.In addition, rule changes made as part of the economic stimulus legislation allow home buyers to claim the tax credit and participate in a program financed by tax-exempt bonds. As a result, some state housing finance agencies have introduced programs that provide short-term second mortgage loans that may be used to fund a downpayment. Prospective home buyers should check with their state housing finance agency to see if such a program is available in their community. To date, 18 state agencies have announced tax credit assistance programs, and more are expected to follow suit. The National Council of State Housing Agencies (NCSHA) has compiled a list of such programs, which can be found here.
HUD allows “monetization” of the tax credit. What does that mean?It means that HUD will allow buyers using FHA-insured mortgages to apply their anticipated tax credit toward their home purchase immediately rather than waiting until they file their 2009 or 2010 income taxes to receive a refund. These funds may be used for certain downpayment and closing cost expenses.Under the guidelines announced by HUD, non-profits and FHA-approved lenders are allowed to give home buyers short-term loans. The guidelines also allow government agencies, such as state housing finance agencies, to facilitate home sales by providing longer term loans secured by second mortgages.Housing finance agencies and other government entities may also issue tax credit loans, which home buyers may use to satisfy the FHA 3.5 percent downpayment requirement.In addition, approved FHA lenders can purchase a home buyer’s anticipated tax credit to pay closing costs and downpayment costs above the 3.5 percent downpayment that is required for FHA-insured homes.More information about the guidelines is available on the NAHB web site. Read the HUD mortgagee letter (pdf) and an explanation of the FHA Mortgagee Letter on Tax Credit Monetization (pdf). An FAQ about monetization (pdf) is available at the NAHB web site.
If I’m qualified for the tax credit and buy a home in 2009 (or 2010), can I apply the tax credit against my 2008 (or 2009) tax return? Yes. The law allows taxpayers to choose (“elect”) to treat qualified home purchases in 2009 (or 2010) as if the purchase occurred on December 31, 2008 (or if in 2010, December 31, 2009). This means that the previous year’s income limit (MAGI) applies and the election accelerates when the credit can be claimed. A benefit of this election is that a home buyer in 2009 or 2010 will know their prior year MAGI with certainty, thereby helping the buyer know whether the income limit will reduce their credit amount.Taxpayers buying a home who wish to claim it on their prior year tax return, but who have already submitted their tax return to the IRS, may file an amended return claiming the tax credit using Form 1040X. You should consult with a tax professional to determine how to arrange this.
For a home purchase in 2009 or 2010, can I choose whether to treat the purchase as occurring in the prior or present year, depending on in which year my credit amount is the largest? Yes. If the applicable income phaseout would reduce your home buyer tax credit amount in the present year and a larger credit would be available using the prior year MAGI amounts, then you can choose the year that yields the largest credit amount.
How can two unmarried buyers allocate the tax credit if one qualifies for the $8,000 first-time home buyer tax credit and the other qualifies for the $6,500 repeat home buyer credit? The buyers can allocate the tax credit in any reasonable manner, provided neither claims a tax credit higher than the one they qualify for and the home purchase does not yield a total of more than $8,000 in tax credits. For example, the repeat home buyer could claim $6,500 and the first-time home buyer could claim $1,500. Alternatively, both buyers could claim a $4,000 tax credit.
Does a married couple qualify for any home buyer tax credit in the following situation? Spouse A has lived in and owned the same principal residence for at least five years. Spouse B has lived in and owned the same principal residence for less than five years.In this situation, the couple does not qualify for any home buyer tax credit. Because the couple is married, the law tests the ownership history of both spouses. Spouse A clearly does not qualify for the $8,000 first-time home buyer tax credit, so neither does Spouse B.Spouse A does appear to qualify for the $6,500 repeat buyer credit, but because Spouse B has not owned and lived in the same principal residence for at least five years, neither of them can claim the repeat home buyer tax credit.

2010 Offers Promising Market Trends for the Salida Real Estate Market By: K. Hale Chamblee

2010-01-18T12:34:00.000-07:00

After a tumultuous year for the economy and the real estate market we're getting a lot of current and potential Salida residents asking, "What's next?" Truth be told, this is a very good question.

If we start by looking at the national market we learn that Pending Home Sales were down by 16% in November 2009, as compared to October 2009 - but up 15.5% from November 2009. In the West, these figure look even better with Pending Home Sales down just 2.7% from the previous month, and up 21.4% from the previous year. At Century 21 Wes Hill & Associates November 2009 was the best month, by far, the firm has had in nearly two years. Is this a flash in the pan? Or a continuing trend?

A drop in Pending Home Sales was expected after the surge of activity to beat the original deadline for the First-time Home Buyer Tax Credit, but market indicators push toward increased sales activity as a continuing trend. By early Spring we anticipate seeing an increased volume of sales and pending sales as home buyers respond to the recently extended and expanded tax credit.

Buyers that have a contract in place for the purchase of a primary residence by April 30, 2010 have until June 30, 2010 to close and qualify for a tax credit of up to $8,000 for first-time buyers and $6,500 for repeat buyers. Nationally, 900,000 first-time buyers are expected to qualify, in addition to the 2 million that have already made purchases; 1.5 million repeat buyers are expected to qualify. Repeat buyers do not need to sell their current home in order to qualify, however, they must occupy their new home as a primary residence.

The impact of the tax credit on the first half of the year, and job growth in the second half of the year are expected to contribute to increased home buying activity and thereby absorb enough market inventory to again bring a rough balance between buyers and sellers. In 2010 home prices are expected to stabilize or make a modest increase as a result.

What about the local market? The real estate market in Salida, Colorado and the surrounding areas was not immune to the national trends in 2009, however, things are already looking up. In 2009, the average listing price for residential property in Chaffee County was $258,945, and the average sell price was $242,05 - that's 93.5% of asking. By comparisson, the average list price of residential property for Chaffee County in 2008 was $280,900, with an average sell price of $266,137, or 94.7% of asking. Already in 2010 we've seen 2x as many homes sold when compared to last year and the average list price has climbed to $273,775, with an average increased sales price of $258,117, or 94.3% of asking. Plus, if current trends on the Front Range are any indicator, we can expect the Salida market to pick up significantlyin the coming months.

All in all it looks like 2010 is shaping up to be another successful year for the real estate in Chaffee County!

HOMEBUYER TAX CREDIT: EXTENDED & EXPANDED By: K. Hale Chamblee

2009-11-25T13:50:00.000-07:00

The unquestionable and favorable influence of the First-time Homebuyer Tax Credit on the housing market, and therefore the economy, had many, including the National Association of Realtors, lobbying for an extended and expanded bill that would benefit a greater number of potential buyers for a longer period of time, and that's just what we got!!

Under the Extended Homebuyer Tax Credit, first-time buyers can still receive a maximum $8,000 tax credit on houses purchased until April 30, 2010. PLUS the bill has been expanded to include up to a $6,500 tax credit for existing homebuyers that purchase a new or exisiting between now and April 30, 2010.

In order to qualify as first-time buyers, the purchaser and his/her spouse cannot have owned a home during the 3 years prior to purchase. Existing homebuyers must have used the home being sold or vacated as primary residence consecutively for 5 of the last 8 years.
Extended eligible properties are primary residences, including: single-family homes, town homes, condos and co-ops. (Sorry folks, no second homes)

Qualifying properties must have a contract to purchase by April 30, 2010 but have until July 1, 2010 to close, and there is no need to re-pay the tax credit so long as buyers occupy the house for 3 years or more.

The tax credit is determined by:
The price of the home, which cannot exceed $800,000 and,
The buyer's income. Income caps have been increased since 2009 and the new Extended Homebuyer Tax Credit limits are as follows: in order to receive the maximum allowable tax credit for a particular purchase price an individual can make up to $125,000 annually, and married couples up to $225,000 annually. A partial tax credit is available to those making up to $145,000 annually as individuals, and couples making up to $245,000 anually.

In other good news, the loan limits will not shrink and remain at $730,000 giving buyers in high priced markets the opportunity to take advantage of the historically low mortgage rates.
There are a whole bunch of projections on just what this is going to do to further help the economy, but I'll save those for the next entry. In the meantime, whether you're in the market for your first home, need a bigger home for your growing family or are ready to down size - get in touch to see how we can make this amazing opportunity work for you!

Why Getting Pre-Approved For Your Loan FIRST Takes Care of Your Financial Woes By: Andrea Mossman

2009-11-03T16:10:00.000-07:00

So you are ready for that next big step of purchasing your first house. Well, if it is your first home or fifth home financing has evolved into a trying process. Hopefully by reading this blog, you will be headed in the right direction to find the loan that fits your financial situation. Remember this might be the biggest purchase of your life so do it right. Don’t be afraid to ask questions to get the information you are looking for.

Before you begin your house hunt start by going to a reputable bank or mortgage lender to search for the perfect loan that fits your budget. If you have the time and energy I would suggest shopping around for different lenders to see who is willing to work for you and who best suits your needs. Lenders need your business, so let them work for it. The first question they should ask you is what is your credit score? Buyers are finding it near impossible to get a loan with out having an excellent credit rating. That in mind the next question they should ask is how much money do you have for a down payment? These questions might not be the first two lenders will ask but these questions will steer you clear from negative results if this information is not known from the get go.

The next conversation you might have is what type of loan are you interested in? Ask your lender about the different types of loans and which options will best suit your needs. Lenders are now required to provide you with documentation on the negative aspects of every loan in an easy-to-read format. I would suggest you do some research on line about the many different and creative ways to pay off your home and come with questions for your lender about how to manage your financials now and in the future.

Be smart and proactive about getting your financial questions cleared up BEFORE you begin the exciting process of looking and purchasing your home.

If You’re Looking for a Slower Pace With A Pulse, Allow Me To Introduce You To Salida, Colorado By Hale Chamblee

2009-10-13T14:59:00.000-06:00

The onset of the “Green” movement, an increased interest in community and sustainability, combined with the recent economic recession are inspiring – sometimes forcing – people of all walks of life to reconsider and reinvent. These times are liberating. The traditional constructs of modern life are being challenged, lifted, discarded in a way that can be both frightening and exciting. We are being called upon to succeed in a new climate and being asked to think outside of the box. This is a time of opportunity; we have been given permission to change.

I like Salida because it is a place rich in real wilderness and real community, a place more valuable because people still have a relationship with the land, a place where the annual harvest is still bought and sold as livelihood. Salida is a place where whole golden glades of aspen are held precious, as is the annual arrival of the eagles, “balds”, that have come down from the high country for an easy winter of fishing on the river.

Salida isn’t a perfect utopia of a mountain town, but it is a real place. If you’re looking for somewhere you can re-invent yourself and your way of life, if you’re looking for something a little simpler and a little slower, if you’re craving a new definition for riches, or a new kind of relationship with the land, it might just be the place for you!

This Time of Year Short Sale is Better Than a Shorts Sale By: Andrea Mossman

2009-08-25T14:07:00.000-06:00

In today’s real estate market it is undeniable that America is feeling the impact of foreclosures. This trend has made the Short Sale a part of the everyday language of bankers and realtors alike. Therefore, it is important for buyers and sellers of real estate to understand the ins and outs of this trend.

In short, no pun intended, the lender accepts less than what the current owner owes from a qualified buyer. This idea of a short sale is intriguing for lenders, sellers, and buyers because it makes the best out of a bad situation for all parties involved. The lender does not lose as much money as they would if they foreclosed on the property. In addition to selling their home, the Seller may salvage their credit, while the Buyer gets a good deal. This is the main reason why this type of transaction is becoming more popular.

The primary disadvantage of this type of transaction is the inconsistencies from one financial institution to another. Banks are experimenting with the specifics of this process which can result in extended time tables for negotiating deals, while other lenders may hold the seller responsible for the net loss between the mortgage amount and sale price. Fortunately, the Foreclosure Alternatives Program has been established for lenders to grapple with these issues and create new parameters to reduce foreclosures. Reducing the number of foreclosures will strengthen many sagging real estate markets.Your options as a buyer or seller in today’s market have extended far beyond the traditional loan because of the increasing number of foreclosures. As an informed buyer or seller you can maximize your ability to benefit from today’s challenging market conditions. This is why choosing a Realtor who is knowledgeable about the short sale is a step in the right direction.

The Little (Housing) Engine That Could By: Hale Chamblee

2009-08-17T09:31:00.000-06:00

After what may seem like an eternity of dismal news about the nation’s real estate market, America’s housing engine appears to be changing mantras from, “I think I can, I think I can…” to, “I KNOW I can, I KNOW I can…”

No small amount of attention has been paid to the flailing housing industry in an attempt to get it back on track as the engine that historically pulls us out of a recession, and by recent accounts, these measures are working. The drop in both interest rates and home prices, combined with the $8,000 tax credit for first-time homebuyers, have buoyed existing home sales. In fact, 2009 2nd quarter existing home sales are up 3.8% (in most states) from the 1st quarter and price reductions have made metro areas increasingly affordable.

A reduction in inventory will work to stabilize home prices, but in the meantime there are some pretty great deals to be had. While sales have slowed in Salida, Colorado and the surrounding areas, the market is far from dead. Recent weeks have shown a decided increase in activity as buyers that have been waiting for the market to “bottom out” before investing in the area are now taking action. The median home price in Salida, Colorado, this summer (based on sales from 5/1/2009 to time of writing) remains an affordable $250,000, while homes on an acre or more inch up only slightly to $270,000. Easily making Salida the most affordable mountain town in Colorado!

The need for goods and services associated with home sales inevitably pumps tens of thousands of additional dollars, per sale, into the economy – which may also account for the recent “I KNOW I can” attitude of the stock market. The steady rise of these economic indicators brings confidence that the upswing may well be sustainable – and while we still have a ways to go, this is good news for buyers and sellers alike!

The 4th of July in Salida By Dan Shuford

2009-07-03T15:50:00.000-06:00

Here we are in the beautiful Arkansas Valley with July 4th just one day away. As of this writing we have had small rain showers almost every afternoon. The forest is bursting with color from all the many wild flowers scattered through lush green grasses. Our mountains are full of life and boast healthy trees so different than many parts of the state where the Mountain Pine Beetle has wrecked havoc leaving a trail of dead behind it. Yes, this is Colorado at its best. As the campers roll in and the traffic picks up, there is even more of a bustle about this little town that promotes healthy lifestyle and genuine people.

Salida, Colorado is gearing up for its annual fireworks display guaranteed to thrill all of us locals.

Is it the largest? No.
Is it the longest? No.
Is it the most spectacular? No, but for those of us who have lived here year after year scratching out a life full of bountiful blessings, it is fitting. We may not be the largest most spectacular place on the face of this planet, but we are happy and thankful to be celebrating this day and the freedom our fore fathers fought for.

What is our City doing? By the Original Keith Baker

2009-06-15T11:38:00.000-06:00

The City of Salida has been very busy in the last 6 Mo. Just to let you know the city has your best interests at heart, even when mistakes are made or it just plain seems like what is happening is being done backwards.

2A money( the 1% sales tax increase) is in full swing on the street projects. The city was able to double the amount of street coverage due to the timing of the bids and oil prices dropping. The bit of short term inconvenience will be worth waiting for the completion and next year (hopefully) the projects will be in less congested areas.

2B money is already making the pool more of an attraction again (new east side roof and a face lift for the locker rooms). Perhaps next year will bring more for the best hot water in the state. A new handy dandy machine for significantly increasing the amount of feet of trails that can be completed has already proven its worth.

Also in the process of completion is the City and County services building in the old D&RG hospital. This is going to make these offices much more user friendly.

On the drawing for the near future is the replacement the hot line from Poncha Springs to the pool ( provided the easement issue is settled). A trail on the north side of the Arkansas river is being negotiated with the railroad and may happen. Building projects on the Vandaveer ranch are being looked at and hopefully will get the ball rolling.

Enough for now. Maybe when my turn comes again next month I will talk more on these subjects.

Focus on the American Recovery and Reinvestment Act of 2009 By: Andrea & George Mossman

2009-06-03T12:42:00.000-06:00

Greetings from beautiful Salida, Colorado! If you are looking for Mountain Real Estate this is the spot. From river front properties to vacant land, Century 21 Wes Hill and Associates can help you find what you need. Especially if you are looking to take advantage of the American Recovery and Reinvestment Act of 2009. This stimulus plan may seem daunting, but if we can help you find what fits your life the government will help you buy your next home or business. Below I have listed the key points to this exciting and beneficial program. The information below is provided by the National Association of Realtors.

1-Homebuyer Tax Credit-The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.

2-FHA, Fannie Mae and Freddie Mac Loan Limits-The bill reinstates last year's 2008 loan limits for FHA, Freddie Mac, and Fannie Mae loans.

3-Neighborhood Stabilization-Division A, Title XII of the bill provides $2,000,000,000 in additional funding for the Neighborhood Stabilization Program (NSP). The NSP was created by the Housing and Economic Recovery Act of 2008 (Public Law 110–289) to provide grants through the Community Development Block Grant program (CDBG) to states and localities to address the problems that can be created when whole neighborhoods are decimated by foreclosures.

4-Commercial Real Estate-Commercial real estate is impacted primarily through those provisions of the bill focused on green building and energy efficiency as well as business tax incentives.

5-Rural Housing Service-The bill provides an additional $500 million to existing USDA Rural Housing programs. The RHS provides both a guaranteed loan program and a direct housing loan program for those meeting the program’s eligibility criteria.

6-Low Income Housing Grants-Allow states to trade in a portion of their 2009 low-income housing tax credits for Treasury grants to finance the construction or acquisition and rehabilitation of low-income housing, including those with or without tax credit allocations.

7-Tax-Exempt Housing Bonds-Tax-exempt interest earned on specified state and local bonds issued during 2009 and 2010 will not be subject to the Alternative Minimum Tax (AMT). In addition, financial institutions will have greater capacity to purchase tax-exempt state and local bonds.

8-Energy Efficient Housing Tax Credits & Grants-To promote green jobs and energy independence, ARRA invests significantly in efforts to make homes and buildings more energy efficient. The bill provides state and local governments with $6 billion in energy efficiency and conservation grants for energy audits, retrofits and financial incentives.

9-Transportation Investments-The bill provides $46.7 billion to states and localities for capital investment for surface transportation projects including highways, bridges, transit, and rail projects.

10-Broadband Deployment-The bill creates $7.2 billion in grants to promote broadband deployment in unserved and underserved areas and for mapping the availability of broadband service in the U.S. Any entity is eligible to apply for a grant including municipalities, public/private partnerships and private companies as long as they comply with the grant conditions.

So as you can see there are quite a few incentives out there and finding the one for you can be challenging however, we are here to help you. Help you not only find your dream home, land or business but also help you to find what fits your financial needs. Give us a call or check us out on our web site. Have a great day!

http://www.freewebs.com/themossmans/index.htm
http://www.century21weshill.com/

Arkansas River Valley By: Dan Shuford

2009-05-27T13:41:00.000-06:00

Here in the Arkansas River valley spring is in full swing. The rivers are raging, the trees are budding and the grass is taking off. No matter what your recreational taste, spring has something for everyone. River rafting is at its peak. If you haven’t been down Brown Canyon or the Gorge with the river running in the mid 2000 cfs, you need to add it to your bucket list. It totally changes the ride. The mild temperatures make hiking and biking even more enjoyable. The downtown is bustling with business putting out their new summer wares. Within a couple of weeks, our largest festival of the year kicks off as Fibark draws from all over the world.

As for me, I am starting my first ever garden. Now why would a drummer/bodybuilder have any interest in a garden you may ask? Well until I got in and started working the dirt, I too would be interested in knowing the answer to that one. You see, I am a very early morning person (normally up by 5:00 am at the latest) and there is just nothing more satisfying than going out and working in the garden with the beautiful views of the surrounding mountains. After a couple of hours of digging, raking, moving rock, and planting; to be able to sit and relax with a cup of java and look up at this magnificence is simply indescribable.

And to think some poor soul is sipping their coffee at some Starbuck’s while returning emails on their computer.

Ahhh, this is the life of Chaffee County!

Think Again By Keith Baker

2009-05-07T09:27:00.001-06:00

Do you believe, that is the question? We are still holding our own in relation to the rest of the country. But the rest of the country is in a world of hurt. If we let our thoughts drift to doom and gloom, we are going to get just that. So we must do every thing possible to keep a positive out look. By positive I do not mean I am positive we are going in the sewer. As hard as it may seem the only way to defeat the state of union woes is to keep the faith. Summer is here, the flowers are blooming and I for one have some really good people to work around. That in itself is a blessing and a good reason to say thank you Lord!

What a small world we live in!

2009-03-30T11:06:00.000-06:00

I have lived in a dozen cities or towns all over the country from Jacksonville, FL to Santa Monica, CA and I still have friends in all of those places. But Chaffee County, Colorado seems to be one of those mystical places that I run into people from my past.

When I moved here in the summer of 2006 I was amazed to find out that there were 2 of my classmates from high school that had also chosen Chaffee County as their home! I had graduated in 1980 from Air Academy High School in Colorado Springs. It is located on the Air Force Academy, so it goes to say that due to the military population of the school a lot of my fellow students ended up moving elsewhere or joined the armed forces and were stationed all over the world. It was such a remarkable thing to have Sam and Rich living here in this beautiful Arkansas Valley! They fell in love with this wonderful, little town just like I have!

Then, just last week, I received a call from and old friend from my middle school days in Louisville, KY. Stephanie and I had lost touch about 20 years ago. She was surprised to hear that I lived in Salida! She is a doctor in Louisville, but her husband and she have a home right around the corner! We had a reunion last Monday and will keep in touch from now on!
I know that this universe is unfolding as it should. I understand the pull that Salida has on people. It certainly is a magical place for me. I wonder who I’ll run into next!

Perfection by Cari O'Neill

2009-03-30T09:29:00.000-06:00

I had been looking for the perfect place to live for a while. It’s hard to find a town that offers almost every outdoor activity imaginable and isn’t a city, or a town too small. Being someone who loves skiing, I tried living in Summit County, Colorado and Salt Lake City, Utah. But also being a whitewater enthusiast, those areas were lacking my favorite summertime activity: kayaking. Sure you could get out to some rivers with a tank full of gas, but in the summer heat I wanted the river in my backyard.

In the summer of 2005, I had the good fortune of getting a job house sitting for a couple weeks in Salida. The first morning I woke up in this Chaffee County town it was sunny and bright and I decided to ride a bike to the local coffee shop before spending the rest of the day at the local whitewater park. As a side note, Salida’s whitewater park is a favorite among Colorado kayakers as well as those not from the state. During the annual boating festival , FiBark, kayakers come from around the country, even the world, to compete in the festivities and enjoy the two world class kayak play holes. By the end of my first day here, I was convinced this was the place I wanted to live. After my second day here, I contacted a Salida Realtor, to help me find my first home.

My summer continued to be just about perfect. Fall was not too shabby either. The colors were stunning and the weather beautiful. Mountain biking, hunting and fishing were plentiful. Though I am a beginner mountain biker, I had plenty of trails to choose from practically out my backdoor. Many of my “expert” mountain biking friends were enjoying a wide variety of difficult mountain biking trails including the famous Monarch Crest trail, just 30 minutes from town.
Did I fail to mention that I met the man who would become my husband at the end of summer? Being an avid hunter and fisherman, he was keeping plenty busy that fall with the abundance of those activities in Chaffee County.

Come winter, I was a little skeptical about how the skiing would be at Monarch, compared to the mountains I was accustomed to such as Copper Mountain, Arapahoe Basin and most significantly, Alta and Snowbird in Utah. Monarch is definitely a bit smaller. But, I was pleasantly surprised with the experience. One thing Monarch is lacking is crowds. You can ski weekends, holidays, powder days and rarely wait in line more than 5 minutes- and that is on the busiest of days. Average annual snowfall is in the top 5 in the state of Colorado. Monarch has a great mix of terrain for intermediate and advanced skiers and plenty for the beginner. With the opening of Mirkwood Basin a few years ago, extreme terrain has been added to the list. I find that even a few weeks after a storm, one can still find great snow conditions in Mirkwood Basin.

I also discovered that Salida has a good variety of restaurants, bars, boutiques, coffee shops and art galleries to keep me busy when I needed a break from all that outdoor fun.

So my point is, I had finally found the perfect place to live.

It's My Turn Again By Dale Little

2009-03-20T11:39:00.000-06:00

I am ready to continue my story.

After discovering how gorgeous Salida and Chaffee County were, it was obvious to my wife and I that this would be our new home. We hurried back to San Antonio. We had already decided to move so I put our home and businesses up For Sale. We got lucky and sold them all in a short amount of time.

We were on the road again. Back to Salida for our house hunting. Would you believe we found a beauty in the ghost-town of Maysville? Wow..... 10 acres on the Arkansas River, 8 miles from Monarch ski slopes, views to kill for. It was perfect. The year was 1985 and our move to Salida was smooth. I had big plans, drink a little Coors and ski, ski, ski.

Things started to happen. We were so happy right where we were.

One day the phone rang and the superintendent for the Salida school district was one the other end. He asked if I would be interested in teaching math at the high school. The current math teacher had been diagnosed with cancer. What a challenge! So I of course said yes. Bless her heart she died that Christmas. At this point one part of my story ended. The results: 15 years in the classroom teaching math, and coaching as well. One life altering decision = many more stories and experiences to share. To be continued.

Salida, Colorado: Why Buy Now?

2009-02-27T14:25:00.000-07:00

If you’re ready to invest in real estate in Salida, whether it’s a first or second home, a plot of land for down the line, or a development opportunity, now is a good time to buy.

Our local buyer’s market has several contributing factors. Total sales volume in Salida and the surrounding areas was down 24% from 2007 to 2008 and average days on the market increased from 231 to 252 in the same time period. The drop in sales and overall increase in days on the market mean we have about 2.5 years worth of inventory on the market, and a host of motivated sellers!

While the news media is full of stories about waves of foreclosures across the country, this is not the case in Salida, Colorado – we do not have a big foreclosure market here, but we are showing an increase in the list-to-sell ratio, which means sellers are accepting lower offers. In a buyer’s market you can bargain harder. Look for properties with hefty days on the market or with multiple price drops.

Salida, Colorado is a small mountain town that continues to make a name for itself. The winter months mean outdoor adventures on snowshoes, snow mobiles, cross country and downhill skis. Monarch Ski Resort is a mere 30 minute drive from town, and just last week I rode the chair with a fella from Crested Butte that described Monarch as, cat skiing, but with lifts, and it doesn’t get much better than that! Spring and summer bring opportunity for just about any kind of recreation you could imagine, from mountain biking to fly fishing, river rafting to world-class hiking, and currently in the works is Salida’s first 18-hole golf course and golfing community! The hot springs are, of course, a great resource for year-round rest and relaxation.

The current market, coupled with the attributes of the area, plus the provisions of the economic stimulus package designed to help homebuyers, make Salida real estate ripe for the picking! If you are curious about anything from real estate to local happenings, get in touch. I’m sure we can help you find the apple of your eye.

For continued up to date information on the Salida real estate market and other local happenings, please visit my blog at: http://salidarealestate.wordpress.com

Taxing My Memory

2009-02-20T09:53:00.001-07:00

Having been born and raised in the southern end of Chaffee County, I sometimes reminisce on the changes and in some cases the lack of changes that have occurred over the last half century in my home town.The mid to late 50's was a booming time. Climax mine was in full swing, the D&RG railroad had freight trains running and a passenger train to Denver and to Salt Lake. The Frying Pan Arkansas water project had an office with engineers and all the support staff.The forest service, the Colo Division of Wildlife and the telephone company also had full staff offices located in Salida. Real-estate was moderately priced and life was full of activity centered around a great school system. This continued to be the case clear up into the mid 70'S.

Then recession hit. Climax closed down, the railroad stopped using the line full time and shut down the passenger service completely. The Frying Pan Arkansas project lost funding from the Federal Gov. The school enrollment declined and most of the good paying jobs were gone. Homes could be purchased for as little as $10,000.00 or less.

But Salida survived and grabbed it's boot straps and began to draw tourists at an ever increasing rate. Once productive farm ground became more valuable for homes for retirees and 2nd home buyers. Mountain properties were more and more attractive to people form other states and Colorado's own metro areas.Things were good again, not at the job pay level of the 50's and 60's, but livable.

Now here we are back in a recession. Surprise--Surprise. But the good news is it, at least in Chaffee County, is nowhere close to what happened in the 70's. Sales tax revenues are off less than 1% for Nov. 2008 & Dec. 2008 compared to 2007. Maybe things will get worse but maybe not. They will be worse if we loose a positive attitude and let doom and gloom rule our actions .

Remember all things are relative to what we have become accustom.

Dreaming of Spring

2009-02-13T16:42:00.000-07:00

Sitting here looking out my window at the Arkansas River on a sunny winter day, I find myself dreaming of Spring. Dreaming of crisp early season afternoons on the river fly-fishing for trout before run-off begins and makes the river turn to chocolate. Dreaming of cloudy blustery Baetis hatches, and Mother’s Day Caddis , and fish rising…the thought of catching the Stonefly hatch on the Colorado with the water still clear.

Don’t get me wrong – I also enjoy winter in the mountains. Many evenings find me sitting next to a crackling fire with snow softly falling outside, or drinking hot chocolate after a day of skiing. I feel lucky to be surrounded by beauty on a daily basis. I hope I never take it for granted that I get to live in a mountain community with wonderful people, and a small town feel.

But if you catch me daydreaming and looking out the window - I’m most likely wishing for spring and thinking about getting on the river. It’s that time again…time to stop tying, and start fishing.

Positive Ecomic News

2009-01-26T11:17:00.000-07:00

Finally, there is some positive economic news. Many buyers are able to afford to travel again with gas prices at a more “affordable” level. Mortgage rates have dropped to a once in a lifetime rate.

On the flip side, the stock market is certainly still in turmoil. There are other investment options. In my opinion, the most solid investment you can make is in your home or other real estate. Both are tangible investments that historically hold their value.

Here in Chaffee County, we have a good inventory of homes, condominiums and raw land. We have already gone through a price adjustment period and this may be the best time to buy a property.

Our local lending institution, High Country Bank has mortgage money to lend. Many 30 year fixed mortgage rates are under 5%. This repositions many families to a new price point to purchase their home or vacation property. I just refinanced my home with High Country Bank and reduced my payments significantly.

Salida and Chaffee County has other positive news. The new Heart of the Rockies Regional Medical Center will celebrate its one year anniversary April 1. The City and County are relocating to a larger central complex. The Friend Ranch 18 hole golf course is progressing. New construction on Highway 50 shows many national companies have discovered and continue to have faith in our community. A group of civic, county and city government and community business leaders have begun the process of starting an economic development coalition, and of course, the snow at Monarch Ski area is fabulous.

As our new president is inaugurated, we all have renewed hope. His task at hand is enormous, but we must show faith in the future. Stimulating the economy with real estate may be one of the best investments you can make.

Find Your Pony

2009-01-19T15:41:00.001-07:00

Here we are just a week into the New Year. I am looking out my window onto U.S. Highway 50 which has been quite busy during the past two weeks with license plates from all over. I expect to see a slow down in traffic on the busy little highway but as of yet…. It ain’t happening! I guess oil prices are back on the rise and I’m told people will stop driving their SUVs and big pickup trucks. Everyone will go to those little half breeds or whatever they are called. Humm… funny I keep seeing pickup after pickup followed by an occasional SUV. Looks like we are going to have to start conserving oil but as of yet…. It ain’t happening! I also hear how bad this year is supposed to be for all of us financially. I hear many sob stories being told and it seems to make the majority feel a little better about their own particular situation. It’s sort of like the old saying “misery loves company”. The way I see it, we are so fortunate with our lifestyle here. We don’t worry about road rage. We are not concerned with some wacko coming down the street and snatching our children. We smile and greet each other in the grocery store and acknowledge each other on a first name basis. So what do I have to complain or gripe about…? It ain’t happening! Times like these remind me of a story my dad use to tell me when I was a wee lad: There once was a doctor with two twin boys who were complete opposites. One was a pessimist, the other an optimist. The doctor decided one day to conduct an experiment with his two sons. He locked the two boys up in separate rooms all day long. In the room with pessimist, he provided his son with every toy imaginable. The other room for the optimist was filled with horse manure. At the end of the day, he checked in on the two. Upon entering the room with the pessimist, he found the boy over in the corner of his room pouting. When he asks him how his day was, the boy did nothing but complain. “The bicycle is red and you know that blue if my favorite color. The ball you gave me doesn’t bounce as high as it should and the train whistle isn’t loud enough”, spouted the pessimist. This was pretty much what the doctor expected. He then went into the room with the optimist. Upon entering he was amazed to find a maze of tunnels through the manure. Out popped his son with the largest smile and manure from head to toe. “Dad, this was the best day of my life”, he exclaimed. “I just can’t remember when I had this much fun”. “How is it that you could have that much fun in a room full of manure” the father inquired. “Well Dad the way I figure it; with this much horse poop there has to be a pony in here somewhere”. So I say look for your Pony in 2009!
Post by Dan Shuford

The Holidays with The Mossmans

2008-12-23T10:53:00.000-07:00

Winter has arrived. Salida is buzzing with holiday shoppers and skiers. We went out to Bear Creek last week and hiked around in the snow in search of the perfect Christmas tree. Luckily, we found one that actually fit in the house.
Andrea has been crafting away in her workshop making some wonderful gifts for our friends and family.Today, I was fortunate enough to strap on my teles and make a few turns up at Monarch. The snow is incredible. Geno's Meadows is creamy, watchout for rocks on Shagnasty though. It was still snowing when I left. the skiing should be great this week.
If you are in the neighborhood celebrate New Years by watching the Parade of lights on Monarch Mountain beginning at dusk. After the light show head down to Monarch Mountain Lodge to listen to the Groove Farmers (George's band). Party kicks off at 9:00 P.M. dance in the New Year at 10,000 feet. For more details contact George at 719-221-9496.We are looking forward to 2009, and hope everybody is enjoying the holidays as much as we are. To find out more about Salida and upcoming events please check out our web site at http://www.freewebs.com/themossmans/index.htm.

How did I get here by Dale Little

2008-12-15T13:49:00.000-07:00

How did you get here? I mean to this beautiful valley. Even though it has been 25 years I remember it like it was only yesterday.

It was mid September and the leaves were just begining to turn. Me, my wife Sally and 2 of our friends had stopped in New Mexico to ride the train. We had departed from our home in San Antonio that morning. We had a mission.

We were on our way to Aspen to make ski reservations for the season. After the train ride we headed north to Poncha Pass. The sign on the road said Poncha Springs. As we crossed the Arkansas River an old hotal appeared on my left. I had to see it. Although quite weathered the sign said The Jackson Hotel. It was getting late so we decided to spend the night. My wife and I chose the Jesse James suite... and WOW! I had a dream that night or maybe a vision....... The next morning at breakfast I told Sally and our friends that I had seen the town of Salida in my dream and could describe it to them. I did just that and we quickly departed the Jackson Hotel to investigate. Low and behold as we drove down 1st street there was the river, the old movie theater, turn of the century buildings and a sweet shop.

Tall mountains were all around. I parked the truck and we began to walk drinking in the beauty of this place. I paused in front of the Ben Franklin store and told Sally that Salida would be our new home=) To be continued...............................

Dale Little
Century 21 Wes Hill and Associates
Salida Colorado Real Estate