LARRY GROSSMAN, REFEERAL SPECIALIST AT THE BEAVER CREEK RESORT

Welcome to my work place at the Beaver Creek Lodge at Beaver Creek Resort in Avon, Colorado. There have been some big changes in the past few months as property in and around this high end resort area has really begun to move. Prices are getting very realisitic for buyers who have been sitting on the fence waiting to jump in the resort property market and high end sales are really taking off as these prices continue to drop. Call Real Estate Agent Larry Grossman (970-376-1244) today and he can team you up with the hottest agents in the Beaver Creek Resort area. Don't miss out on the great opportunities which are all around us in the high country coupled with very low interest rates for qualified buyers. Now is the time.

PRESIDENT FORD'S BEAVER CREEK HOME FOR SALE, $12,995,000

President Gerald Ford once graced the halls of this Beaver Creek home located at 65 Elk Track Court. This spectacular residence is highlighted by seven bedrooms and twelve bathrooms. 11,629 square feet which has been tastefully remodeled and includes a lap pool, elevator, gas fire places, hot tub and spa, breakfast nook, lock-off living quarters and an excersize room. This ski in-ski out property is available to the right buyer. Call Larry Grossman today at 970-376-1244 for more information.

AN ABSOLUTE DEAL IN BEAVER CREEK, REDUCED $600,000

Now listed at $1,950,000 and located in the Beaver Creek Lodge, Unit #442 just may be the best deal at Beaver Creek Resort at this time. The lodge is located just a three minute walk from the ski slopes and is located a stone's throw from the Beaver Creek Village which is home to many fine dining establishments, year round ice skating, shops and every activity you can think of in Colorado's High Country.
The lucky owner of this unit also has access to the full range of hotel amenities which include the following.

•Resort concierge desk
•Business center
•Complimentary Beaver Creek Resort shuttle
•Ski valet & ski lockers
•Valet parking/heated garage
•State-of-the-art fitness facility and off-site spa
•In-suite dining
•Dry cleaning
•Retail ski & snowboard shops

Three large bedrooms and three and a half baths are the highlights of this 2300 sqft. flat. You also will be entitled a Beaver Creek Club Charter Gold Membership option. All this at the world class Beaver Creek Resort, home to the infamous Bird of Prey World Cup downhill every ski season.

Call Larry Grossman today for more details at 970-376-1244

THE SHORT SALE PROCESS, WHERE DO I BEGIN?

The big question is rapidly approaching a large majority of home owners, not only nationally, but right here in Eagle and the rest of the Vail Valley. Many home owners that are inevitably going to have to sell their homes will have questions about the short sale and foreclosure process and what will work best for them under current circumstances. First of all, this is a very unfortunate situation for any property owner to be in, but harsh realities are facing many of us in these tough economic times and it is important to note that if you see the writing on the wall, and you know you are going to be put in a position of having to sell your home "short", there are some very helpful resources out there. New guidelines go into effect on April 5th of 2010 and there is help out there answering all your questions. First start HERE , at http://www.makinghomeaffordable.gov/ to become acquainted with the process and if you qualify. Short sale may very well be the best option for many of you who are upside down on their properties, or in other words, owe more than your property is actually worth in today's market. There is another radical option for many of you as well. If you are so far upside down on your property's mortgage, you may consider simply walking away as an option. This choice seems like failure mentally to many, however, I encourage you to read the following publication from Brent T. White at the University of Arizona. White is a professor of law at the U. of Arizona and has written a publication entitled "Under water and not walking away: Shame, Fear and the Social Management of the Housing Crisis". Once this page loads, click on the SSRN link next to the "unerwater" article to open and read it. This is a very straight forward and honest assessment of reality in today's market and may actually help you with your own current position, read it and learn. Should you have any other questions concerning real estate needs please call me today at 970-376-1244.

THE FORECLOSURE WAVE

Just three to five years ago, money was flowing freely. It seemed anyone who wanted "free" money at the time could get it, and in any increment. Well, we all knew those two and three year arms would eventually come to fruition and many have and continue to do so. Fair enough, as we knew this scenario would become a reality. There is however one tremendous problem that cam with this "free money" wave as non stated income loans and refinancing to place. Home owners were borrowing large sums of money against their overly inflated home values nad equity which were created by this easy money scheme of it's time. Mortgage brokers were making money hand over fist while they continued to put homeowners in very potentially poor equity positions in the future. Some of us, myself included, decided to sit tight during these times, keep our thirty year loans with favorable interest rates and did not borrow against the inflated value of our homes, the lucky few. Which brings us to the above graph. We live in a satellite resort community here in Eagle, Colorado. Many professionals think we drag 12-18 months behind the rest of the country with our real estate trends, which makes this graph even more alarming. As we begin to feel the pinch here legitimately, it appears the bottom is yet to come as the above graph estimates when the peak of the loan foreclosure wave will hit the rest of the country, which is March, April and May of this year. What this means is there are more great deals on the horizon if you are sitting and waiting to make you move in the near future. Great opportunities for buyers will continue to surface in the near future. We are already seeing some amazing deals up valley in the resort properties. There are units up valley which have been reduced 40% and are starting to move, and these include some woderful opportunities in the Avon/Beaver Creek market where I now work. For more information on thes properties call me today at 970-376-1244.