Guide to Buying Real Estate in the Vail Valley
Congratulations, you are considering buying property in one of the most desirable locations in the world.
Whether you are seeking a private mountain retreat or a luxurious home in the heart of the action, there is a property available
for you in the Vail Valley. Specializing in luxury slopeside residences and riverfront ranch properties, Vail Home and Ranch
provides first class service to the most discriminating of clients. We have put together the following guide to help you
discover your ideal home.
Neighborhoods
First, browse our Neighborhoods descriptions or take a drive to get a feel for the lay of
the land. There is an incredible variety of communities in the Vail Valley. Important things to consider are how close you want
to be to skiing, is privacy or convenience a priority for you, and whether or not views and/or amenities are important. Next,
determine your more specific needs such as property type, number of bedrooms, price range, and any other special considerations
you may have.
Property Search
Take some time to visit the Property Search page on our web site. Here you will be able to
search all available listings in the Vail Valley. Once you have selected your top choices, contact us so we can arrange some showings.
We will examine your criteria carefully and may be able to offer some possibilities that you had not considered. Oftentimes we can find
the perfect home for you on the first try, but occaisionally it takes another visit to find just the right property.
Today's New Listings
If we are unable to find the home you want during your first visit, or if you are just beginning your search, make sure to sign up
for our Today's New Listings. This advance email notification of new listings ensures that you are the
first to hear when new properties come on the market. In our present market, many of the most desirable listings can go under contract
in days(or even hours). It is of great advantage to know immediately when new properties become available.
Negotiating the Best Deal
Despite the current economic climate, you're probably not going to steal a property in today's market. Most real estate in the Vail
Valley is selling for upwards of 95% of the list price. Vail Home and Ranch will provide you with the most recent sales history and market
data, and will help you determine the best offer to make. Our expert advice will be based on decades of experience, but here are some basic
tips:
- Offers should be clean and simple, having the fewest contingencies possible.
- If yours is not a cash offer, get pre-approved with a local lender and submit the pre-approval letter with your offer.
- Don't delay - oftentimes the first offer on the table is the one that is accepted.
Financing and Title Work
Many buyers in the Vail Valley finance their purchases through local lenders. The majority of homes under $1.0m can be financed for
0-25% down. The terms for loans over $1.0m are determined on a case by case basis, as are construction loans and those for vacant land.
Although negotiable, it is the norm for the Seller to pay the title insurance. Escrow fees vary depending on whether or not there is a
loan involved. The local transfer tax(usually varying from 0-2% of the purchase price) is different for each community, and although
negotiable, is often split with the Seller.
Closings
The conveniences of modern technology and overnight delivery allow for many of our closings to be handled remotely. We will assist
you in recommending top-notch inspectors and appraisers and maintaining daily communication between Buyer and Seller, the title company,
and your lender. We appreciate and strive to be your primary source of information and expertise from the moment we meet to years after a
successful closing.