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Expert Tips for Navigating the Real Estate Market

My mission at the Smits Team Real Estate is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, I can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

How a New Refinancing Program Could Help You


Doug Sullivan has developed a new program that allows cash buyers to refinance quickly.

Call me at (970) 418-0183 for a FREE home buying or selling consultation

Today I’m going to introduce Doug Sullivan, one of our lenders who has a new product that is really great for people who are purchasing a home with cash and would like to cash out. Typically that takes several months, but thanks to Doug, there is a new program available.

His mortgage tip comes with regards to delayed financing. 

Standard mortgage guidelines for doing a cash-out refinance require the homeowner to wait six months after they close, but he has a program that allows people to do that right away.

Standard mortgage guidelines for doing a cash-out refinance require the homeowner to wait six months after they close.

There are a couple examples of how this helped past clients of his:

For the first example, he had a client who was wanting a loan but was in a position to pay cash. What they did was write the contract as cash. The reason for this is that they were competing with a lot of other offers, and that allowed the seller to take their contract because of the cash position and the fact that they could close within two weeks. After they closed, Doug applied the mortgage, and within 30 days they had the financing that they wanted.

The second example was a client who was interested in a property that was not habitable by lending terms because there was a plumbing issue. So they paid cash, closed, did the repair, and then we did our financing and got them in place 45 days after closing—they took advantage of today’s low rates.

If you have questions about this program or any other mortgage program, please give us a call. We’d be happy to help you.

Your New Resort Real Estate Experts


We are excited to announce our new venture as Resort Real Estate Experts!

Call me at (970) 418-0183 for a FREE home buying or selling consultation

We’ve been with Century 21 Gold for nearly 10 years, but it was time for a change. We are so excited about our new venture as Resort Real Estate Experts!

Over the next couple of months, we’ll introduce you to a lot of new features on our website. We’ll also have a grand opening at our new office in Edwards, Colorado. 

If you’re in town and you see one of our new bright pink open house signs, stop in and say hello. 

Plus, if you have any ideas or topics you would like to learn more about in our next video, give me a call or send me an email. I would be happy to help you!


The Latest Real Estate Trends in East Vail & Summit County


Homes are still selling quickly in East Vail and Summit County, but there are a few changes in the market. We have your full market update today.

Call me at (970) 418-0183 for a FREE home buying or selling consultation

What’s happening in the East Vail and Summit County real estate market? 

Properties coming on the market right now have come down a bit in price. Yesterday, there were 31 price reductions. Buyers are ready to buy, but properties need to be priced correctly in order to sell.

That said, homes priced under $500,000 tend to sell in less than a week. Homes between $500,000 and $1 million are selling in under two months. However, homes over $1 million are selling slower, since that is where we have the majority of our inventory. There are also fewer buyers in that price range. 

Homes priced under $500,000 are selling in less than a week!

If you are thinking of buying or selling a home, reach out to us and make sure that we have your housing criteria set up correctly. Homes are selling quickly, and it’s important that we match your motivation to our motivation. If you want to buy quickly, for example, we want to be able to get in touch with you as soon as possible. If you don’t want to buy for another year or so, we want to check in with you every couple months to touch base. 

We also have a couple of exciting new properties that will be on the market. There are two brand-new duplexes that will come on the East Vail market in the next couple of weeks at $2 million. If you are interested, let someone on our team know and we will send you as much information as we can, including 3-D tours. 

We also have a couple of condos in the $350,000 price range. Those will sell quickly, so get in touch with us soon if you are interested. 

As always, if you have any other real estate questions, just give me a call or send me an email. I would be happy to help you!