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Chris Kopf Coldwell Banker Mountain Properties

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Selling Your Crested Butte Home – What’s Next?

May 12, 2015 By Chris Kopf

Crested Butte Real EstateSelling Your Crested Butte Home – What’s Next?  The more specific your answer to this question, the better. This answer will be the reason you will focus your attention and will be the motivation to accomplish the mission of getting your Crested Butte home sold. If you have not spent much time considering what is around the next bend in your life journey, then this can be an important question for you to ponder and discuss with your spouse. It can also be exciting to think of all the options available to you. If you have enjoyed Crested Butte mountain home for ten years and now long for a beach home, then every day your CB home is not sold means that you are delaying your pursuit and enjoyment of waking up and walking along the beach. Conversely, if you have no plans for the money other than to add it to your retirement nest egg, then you have a different focus and time horizon.

You are Downsizing

You may consider downsizing from your current home if you still want to stay in the Crested Butte area but you find you don’t need such a big home any longer. You could consider a condo, townhome or smaller single-family home. Some couples that have loved their years close to the ski area are finding that a change of venue is just what the doctor ordered. I have a client who decided they still loved the summers but not the winters, so they sold their home Mt. Crested Butte near the slopes and built a home on the golf course in Skyland in Crested Butte.

You Don’t Really Need to Sell

What kind of a seller are you? Are you prepared to sell your home given the current market, or will you want to set a high price on your home to “test the market”? If you don’t really need to sell, you won’t be motivated to sell, and so it is highly likely you won’t sell until you want to sell and get realistic about the asking and selling price of your mountain home. Many times I hear a client say: “If I get the right price I will sell,” which usually translates into: “If there is a buyer out there who wants to pay above market for my Crested Butte house, then I will sell.” It may be years before the market rises to meet your asking price, or before one of those buyers shows up to buy your home. You may need to wait for the Crested Butte CO Real Estate market to catch up with your hopes and expectations.

Crested Butte CO Bears In TownYou Really Need to Sell

As previously mentioned, there may be any number of personal or financial scenarios that put you in a position where you need to sell. Usually this is coupled with a need to sell quickly. If this is your scenario, when interviewing real estate agents, be sure to ask for a detailed, realistic market analysis showing their opinion of the sales price of your home and the number of days on market (DOM) they expect it will take to sell at various price points.

Normally, every market has a differential between the asking price and the sales price. You should also strongly consider putting the asking price close to or at the expected sales price to encourage activity and offers quickly. If you have a loan on the property and you can no longer afford the monthly mortgage payments, you may be facing foreclosure. If the loan amount is higher than the net proceeds from the sale, and you don’t have ample funds to make up the difference at closing, then you are “under water” and in a short-sale situation. The reality is your property will not sell quickly as a short sale, because the bank will need to be involved in the process. The bank will have the final approval of the sales price and terms (short sale approval). As well, this will be dependent on their negotiating with you to recover any losses they will incur. You need to be sure your real estate agent knows your situation, and that you select a real estate agent who is familiar with short sales. You should definitely contact a local attorney who has experience in real estate foreclosures and short sales. It would be an added benefit if you hired an attorney who has specifically negotiated with the bank that your loan is with.

How Can I Help You?

See all the big picture and all the details of the  Crested Butte Real Estate Market in my monthlyCrested Butte Co Real Estate market reports – the level of detail is representative of what you can expect from me as yourCrested Butte Real Estate Agent.

What is Your Property Worth today? If you are considering Selling your Crested Butte home and interested in finding out what your existing property is worth, contact me. I would appreciate the opportunity to earn your business (or that of a friend you think I could help).

Visit www.chriskopf.com. Phone: (970) 209-5405, or chriskopf@bighornrealty.com

Thanks,

Chris Kopf
Previews® Property Specialist
Coldwell Banker Bighorn Realty
(970) 209-5405
chriskopf@bighornrealty.com
#1 Crested Butte Real Estate Agent
   in 2014 based on Total Volume

Crested Butte #1 Real Estate Agent

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Chris Kopf, Coldwell Banker Mountain Properties
305 6th Street
Crested Butte, CO 81224
  • Chris.Kopf@CBMP.com
  • (970) 209-5405

Testimonials

Bobby Nichols

"The first moment we met Chris, my wife and I knew he was all about what is happening in real estate sales in Crested Butte. He knows his job, the marketplace and the innovative ways to market your home in today's electronic internet space. A real professional that understood us and our needs in handling a very successful sales transaction. "

 
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:45:19-07:00
"The first moment we met Chris, my wife and I knew he was all about what is happening in real estate sales in Crested Butte. He knows his job, the marketplace and the innovative ways to market your home in today's electronic internet space. A real professional that understood us and our needs in handling a very successful sales transaction. "  
https://chriskopf.com/testimonials/bobby-nichols/

Jeff Hollings

Chris is outstanding! We recently bought a second home in Crested Butte and Chris did a great job throughout the whole process. He has a thorough understanding of the market and the benefits and drawbacks of various locations. He was very patient with us as our preferences evolved throughout the search. He gave us valuable information on which to negotiate the purchase. He had great follow-up during the inspection/closing process (when we were not in town) and made sure all of the commitments made by the seller were properly completed.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:46:48-07:00
Chris is outstanding! We recently bought a second home in Crested Butte and Chris did a great job throughout the whole process. He has a thorough understanding of the market and the benefits and drawbacks of various locations. He was very patient with us as our preferences evolved throughout the search. He gave us valuable information on which to negotiate the purchase. He had great follow-up during the inspection/closing process (when we were not in town) and made sure all of the commitments made by the seller were properly completed.
https://chriskopf.com/testimonials/jeff-hollings/

James Brennan

This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.
Crested Butte Real Estate by Chris Kopf
2014-10-14T17:59:24-06:00
This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.
https://chriskopf.com/testimonials/james-brennan/

Jane Saltzman

Chris was terrific to work with. The house sold faster then I ever expected! He was particularly helpful for this second home owner that couldn't always get there to take care of house issues. Thank you Chris!!!
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:49:37-07:00
Chris was terrific to work with. The house sold faster then I ever expected! He was particularly helpful for this second home owner that couldn't always get there to take care of house issues. Thank you Chris!!!
https://chriskopf.com/testimonials/jane-saltzman/

Georges Lussier

The thought of a short sale was intimidating, but Chris made the experience very easy with lots of guidance from start to finish. I would highly recommend Chris for any Real Estate need buying or selling.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:40-06:00
The thought of a short sale was intimidating, but Chris made the experience very easy with lots of guidance from start to finish. I would highly recommend Chris for any Real Estate need buying or selling.
https://chriskopf.com/testimonials/georges-lussier/

Frank Stringer

Chris Kopf is a wonderful person to work with on any real estate matter you may have in Crested Butte. He is extremely knowledgeable of all elements of the Crested Butte area. He helped us recently to buy a new second home in Skyland and the entire experience was first class under Chris's guidance. I would highly recommend him to anyone who has a real estate need in Crested Butte.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:51:04-07:00
Chris Kopf is a wonderful person to work with on any real estate matter you may have in Crested Butte. He is extremely knowledgeable of all elements of the Crested Butte area. He helped us recently to buy a new second home in Skyland and the entire experience was first class under Chris's guidance. I would highly recommend him to anyone who has a real estate need in Crested Butte.
https://chriskopf.com/testimonials/frank-stringer/

Paul & Julie Keesee

Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:59-06:00
Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.
https://chriskopf.com/testimonials/paul-julie-keesee/

Jim & Sandra Wickham

Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:18-06:00
Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.
https://chriskopf.com/testimonials/jim-sandra-wickham/

Tom & Mary Aton

It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:31-06:00
It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.
https://chriskopf.com/testimonials/tom-mary-aton/

Dan Aquaviva

This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:26-06:00
This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
https://chriskopf.com/testimonials/dan-aquaviva/
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Crested Butte Real Estate by Chris Kopf

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