Archives
September 2006
The following information was gathered from the Steamboat Springs Multiple Listing Service. DOM is Days on Market.
| |
|
No. of Listings |
Dollar Volume |
Average Price |
Median Price |
Average DOM |
| RESIDENTIAL |
| CONVENTIONAL |
|
15 |
$5,491,000 |
$366,067 |
$265,900 |
443 |
| CASH |
|
4 |
$4,462,000 |
$1,115,500 |
$1,080,000 |
245 |
Analysis by Area |
| 1-DOWNTOWN AREA |
|
2 |
$1,238,000 |
$619,000 |
$619,000 |
81 |
| 3-MOUNTAIN AREA |
|
12 |
$4,183,000 |
$348,583 |
$277,950 |
529 |
| 4-STRAWBERRY PARK |
|
1 |
$1,850,000 |
$1,850,000 |
$1,850,000 |
249 |
| HAYDEN- TOWN OF |
|
1 |
$27,000 |
$27,000 |
$27,000 |
129 |
| OC PBURG YAMPA |
|
1 |
$149,000 |
$149,000 |
$149,000 |
105 |
| SOUTH AND WEST |
|
1 |
$2,275,000 |
$2,275,000 |
$2,275,000 |
527 |
| STAGECOACH |
|
1 |
$231,000 |
$231,000 |
$231,000 |
106 |
| |
| |
Totals |
19 |
$9,953,000 |
$523,842 |
$290,000 |
401 |
| LAND |
| CONVENTIONAL |
|
2 |
$273,000 |
$136,500 |
$136,500 |
220 |
| CASH |
|
5 |
$985,300 |
$197,060 |
$74,900 |
141 |
| OWNER FINANCE |
|
3 |
$75,000 |
$25,000 |
$20,000 |
58 |
Analysis by Area |
| GRAND COUNTY |
|
1 |
$35,000 |
$35,000 |
$35,000 |
52 |
| NORTH ROUTT |
|
3 |
$597,800 |
$199,267 |
$74,900 |
150 |
| STAGECOACH |
|
6 |
$700,500 |
$116,750 |
$74,000 |
136 |
| |
| |
Totals |
10 |
$1,333,300 |
$133,330 |
$73,900 |
132 |
| COMMERCIAL/INDUSTRIAL |
| CONVENTIONAL |
|
1 |
$301,000 |
$301,000 |
$301,000 |
125 |
| OWNER FINANCE |
|
1 |
$105,000 |
$105,000 |
$105,000 |
276 |
Analysis by Area |
| OC PBURG YAMPA |
|
1 |
$105,000 |
$105,000 |
$105,000 |
276 |
| W 40 CORRIDOR |
|
1 |
$301,000 |
$301,000 |
$301,000 |
125 |
| |
| |
Totals |
2 |
$406,000 |
$203,000 |
$203,000 |
201 |
| Non Co-op Sales |
|
16 |
$7,603,300 |
$475,206 |
$325,000 |
372 |
| Co-op Sales |
|
15 |
$4,089,000 |
$272,600 |
$145,000 |
227 |
| All Sold Listings |
|
31 |
$11,692,300 |
$377,171 |
$232,800 |
302 |
If you have any questions, or if you would like more detailed information on a particular area or development, call me direct at (970) 871-1157 or Mailto: stacy@stacy-brown.com
6:08 AM - Sep. 27, 2006 - {2} -
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I just took a class in Colorado Real Estate Agency this past week. Colorado Agency is a little different than Texas Real Estate Agency, where I was a broker for 13 years. While I was in class it dawned on me that most of my clients are from out of state, where I am sure their agency laws are different as well. Sure would be nice and easy for the consumer if the agency laws were the same for every state, but I don't see that happening.
By law, agents must disclose which brokerage relationships are available to you. This is usually done by presenting a form that has been approved by the Real Estate Commission of that state. When you are presented with this form, please read it. Especially if you are buying property in a state that you are not familiar with. Agency is not a big deal, you just need to know who is representing who and what your choices are.
Since I am licensed and working in the State of Colorado now, I will share with you the language from the forms used in Colorado. The following are excerpt's from the form we use, titled "DEFINITIONS OF WORKING RELATIONSHIPS"-
"For the purposes of this disclosure, seller also means "landlord" (which includes sublandlord) and buyer also means "tenant" (which included subtenant)."
"Seller's Agent: A seller's agent (or listing agent) works soley on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller."
Another way of looking at this is that the seller's agent must disclose everything they know about the property, but cannot disclose anything they know about the seller that would put the seller at a disadvantage (divorce, relocation specifics, etc).
"Buyer's Agent: A buyer's agent works soley on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer. The buyer's agent must disclose to potential sellers all adverse material facts actually known by the buyer's agent including the buyer's financial ability to perform the terms of the transaction and if a residential property, whether the buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer."
"Transaction Broker: A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or an advocate for any of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer's financial ability to perform the terms of a transaction and if a residential property, whether the buyer intends to occupy the property. No written agreement is required."
So, the big difference between a transaction-broker and a buyer's or seller's agent is that the transaction-broker can give you your options, or choices, but cannot give you their advice or opinion. And really, when friends and family give you their advice or opinion, do you always listen to them? Sounds like I am not big on buyer/seller's agency, but actually I am. I almost exclusively represent sellers as a seller's agents. That way I can give 100% of my attention to the marketing and promoting of their property. I have a buyer's agent in my office that I refer buyers of my listings to. Have I ever worked as a seller's agent and then worked with a buyer on my own listing? Absolutely! When I work with buyers, I work as a buyer's agent. If I had a listing and was acting as a seller's agent, and I had a buyer that I was working with as their buyer's agent, I could still sell them my listing. As a seller, I am sure you would not want me to exclude anyone. If that scenario played out, I would then become a transaction-broker for both parties, since I can't continue to represent both parties at the same time. Of course, I would have to have permission from both my seller and my buyer (all of which is explained and decided in the listing and buyer's representation contracts). The point I was making about not always taking advice from those close to you is for the very reason that you do find yourself being represented by a transaction-broker and not by a buyer's agent- that's okay. Your agent still has almost all of the same duties, they still must disclose any material defects that they know about the property and they still have to keep confidential information confidential.
"Customer: A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because the party has not engaged or employed the broker, either as the party's agent or as the party's transaction-broker."
This form states very clearly in big, bold letters: "THIS IS NOT A CONTRACT." It's simply an acknowledgment and you will be asked to sign it. See, very simple. It's just important that buyers and sellers know what choices you have and that you understand them.
If you have questions on agency , Mailto: stacy@stacy-brown.com or call me at (970) 871-1157
11:56 AM - Sep. 24, 2006 - {2} -
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The following information was gathered from the Steamboat Springs Multiple Listing Service (MLS). DOM is Days on Market.
| No. of Listings |
Dollar Volume |
Average Price |
Median Price |
Average DOM |
| RESIDENTIAL |
| CONVENTIONAL |
|
17 |
$7,607,975 |
$447,528 |
$405,000 |
195 |
| CASH |
|
6 |
$1,551,915 |
$258,653 |
$222,958 |
97 |
Analysis by Area |
| 1-DOWNTOWN AREA |
|
2 |
$947,825 |
$473,913 |
$473,913 |
134 |
| 2-FISH CREEK AREA |
|
4 |
$1,612,000 |
$403,000 |
$369,000 |
59 |
| 3-MOUNTAIN AREA |
|
9 |
$3,001,815 |
$333,535 |
$323,900 |
233 |
| HAYDEN- TOWN OF |
|
2 |
$305,000 |
$152,500 |
$152,500 |
95 |
| NORTH ROUTT |
|
1 |
$420,000 |
$420,000 |
$420,000 |
111 |
| SOUTH AND WEST |
|
1 |
$575,000 |
$575,000 |
$575,000 |
131 |
| SOUTH VALLEY |
|
2 |
$1,515,000 |
$757,500 |
$757,500 |
346 |
| W 40 CORRIDOR |
|
2 |
$783,250 |
$391,625 |
$391,625 |
86 |
| |
| |
Totals |
23 |
$9,159,890 |
$398,256 |
$378,000 |
169 |
| LAND |
| CONVENTIONAL |
|
3 |
$1,566,500 |
$522,167 |
$695,000 |
166 |
| CASH |
|
3 |
$543,000 |
$181,000 |
$70,000 |
570 |
Analysis by Area |
| 3-MOUNTAIN AREA |
|
3 |
$1,855,000 |
$618,333 |
$695,000 |
675 |
| NORTH ROUTT |
|
1 |
$70,000 |
$70,000 |
$70,000 |
50 |
| OC PBURG YAMPA |
|
1 |
$38,000 |
$38,000 |
$38,000 |
99 |
| STAGECOACH |
|
1 |
$146,500 |
$146,500 |
$146,500 |
31 |
| |
| |
Totals |
6 |
$2,109,500 |
$351,583 |
$290,750 |
368 |
| COMMERCIAL/INDUSTRIAL |
| CASH |
|
1 |
$550,000 |
$550,000 |
$550,000 |
272 |
Analysis by Area |
| HAYDEN- TOWN OF |
|
1 |
$550,000 |
$550,000 |
$550,000 |
272 |
| |
| |
Totals |
1 |
$550,000 |
$550,000 |
$550,000 |
272 |
| Non Co-op Sales |
|
11 |
$3,428,400 |
$311,673 |
$146,500 |
235 |
| Co-op Sales |
|
19 |
$8,390,990 |
$441,631 |
$420,000 |
199 |
| All Sold Listings |
|
30 |
$11,819,390 |
$393,980 |
$391,500 |
212 |
Fish Creek Area sold at 100% of asking price and the 3 Mountain Area sold at 99% of asking price. For these stats on other areas, give me a call at (970) 871-1157 or Mailto: stacy@stacy-brown.com.
5:32 AM - Sep. 22, 2006 - {0} -
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Fellow REALTOR, Carolyne of Canada, has written a wonderful article titled "The Realtor and You, Your Costs: Their Costs (USA), and she has allowed me to link to it. I encourage you to read it and I welcome your comments.
http://www.carolyne.com/bramptonhomes/costs_usa.html
Thanks, Carolyne!
9:17 AM - Sep. 19, 2006 - {1} -
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Tip for Prudential Agents:
|
 Want to send an eCard to everyone in your database without having to individually select each contact? Create at least one "Group" on the eCard site that includes all contacts.
Adding a group
Adding a new contact
Editing an existing contact to a group
- Open the Address Book in the navigation bar
- Click the 'Edit' button next to the contact
- Check the appropriate group(s) you want the contact to be included
- Click on the 'Update Contact' button to complete the process
- Open the Address Book in the navigation bar.
- Click on 'Add Contact' in the sub-menu
- Type in the contact details
- Check the appropriate group(s) you want the contact to be included
- Click on the 'Add Contact' button to complete the process
- Open the Address Book in the navigation bar.
- Click on 'Add Group' in the sub-menu
- Type the name of the group being added such as 'All Contacts'
- Click on 'Add Group' at the bottom to complete the process
|
4:58 AM - Sep. 18, 2006 - {0} -
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This is a great site - lists toll free numbers to many entities as well as the prompts to avoid annoying computer responses and get an actual human!
Thank you, Tamara Smith, of Riverpointe Realty Co., Inc. in Detroit, MI for sharing this link!
http://gethuman.com/us/
11:15 AM - Sep. 15, 2006 - {0} -
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Here are the sold stats, gathered from the Steamboat Springs Multiple Listing Service (MLS), for the week beginning September 1, 2006. DOM is Days on Market.
| |
|
No. of Listings |
Dollar Volume |
Average Price |
Median Price |
Average DOM |
| RESIDENTIAL |
| CONVENTIONAL |
|
10 |
$4,022,361 |
$402,236 |
$330,000 |
106 |
| CASH |
|
6 |
$2,677,000 |
$446,167 |
$308,000 |
78 |
Analysis by Area |
| 2-FISH CREEK AREA |
|
1 |
$570,000 |
$570,000 |
$570,000 |
88 |
| 3-MOUNTAIN AREA |
|
8 |
$2,542,000 |
$317,750 |
$297,500 |
102 |
| HAYDEN- TOWN OF |
|
2 |
$267,361 |
$133,681 |
$133,681 |
136 |
| NORTH ROUTT |
|
1 |
$635,000 |
$635,000 |
$635,000 |
35 |
| SOUTH VALLEY |
|
1 |
$1,325,000 |
$1,325,000 |
$1,325,000 |
35 |
| STAGECOACH |
|
2 |
$1,030,000 |
$515,000 |
$515,000 |
118 |
| W 40 CORRIDOR |
|
1 |
$330,000 |
$330,000 |
$330,000 |
38 |
| |
| |
Totals |
16 |
$6,699,361 |
$418,710 |
$330,000 |
95 |
| LAND |
| CONVENTIONAL |
|
4 |
$1,088,000 |
$272,000 |
$222,500 |
329 |
| CASH |
|
7 |
$4,323,000 |
$617,571 |
$435,000 |
221 |
Analysis by Area |
| 1-DOWNTOWN AREA |
|
1 |
$360,000 |
$360,000 |
$360,000 |
324 |
| 2-FISH CREEK AREA |
|
1 |
$599,000 |
$599,000 |
$599,000 |
82 |
| GRAND COUNTY |
|
1 |
$43,000 |
$43,000 |
$43,000 |
836 |
| GRSCK BLKTL HEN |
|
1 |
$435,000 |
$435,000 |
$435,000 |
60 |
| HAYDEN- TOWN OF |
|
2 |
$120,000 |
$60,000 |
$60,000 |
236 |
| SOUTH VALLEY |
|
3 |
$3,583,000 |
$1,194,333 |
$1,033,000 |
316 |
| STAGECOACH |
|
2 |
$271,000 |
$135,500 |
$135,500 |
70 |
| |
| |
Totals |
11 |
$5,411,000 |
$491,909 |
$360,000 |
260 |
| COMMERCIAL/INDUSTRIAL |
| CONVENTIONAL |
|
1 |
$515,000 |
$515,000 |
$515,000 |
342 |
Analysis by Area |
| 1-DOWNTOWN AREA |
|
1 |
$515,000 |
$515,000 |
$515,000 |
342 |
| |
| |
Totals |
1 |
$515,000 |
$515,000 |
$515,000 |
342 |
| Non Co-op Sales |
|
10 |
$4,454,000 |
$445,400 |
$312,500 |
234 |
| Co-op Sales |
|
18 |
$8,171,361 |
$453,965 |
$355,000 |
132 |
| All Sold Listings |
|
28 |
$12,625,361 |
$450,906 |
$340,000 |
169 |
| |
Properties in the Fish Creek Falls and 3- Mountain Areas sold at 97-99% of the asking price. Contact me if you would like this information on other areas or if you have any questions at (970) 871-1157 or Mailto: stacy@stacy-brown.com
5:19 AM - Sep. 15, 2006 - {0} -
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This is REALLY cool! Check out this technology at this link:
http://www.snopes.com/photos/advertisements/pcpen.asp
Amazing, huh?!
4:44 AM - Sep. 15, 2006 - {3} -
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HISTORICAL INTEREST RATE FOR
30 YEAR FIXED LOANS
Thanks, Lenn Harley, for this great information! Although interest rates have been rising, we are still at historical lows!
http://www.homefinders.com
6:27 PM - Sep. 8, 2006 - {0} -
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The following information was gathered from the Steamboat Springs Multiple Listing Service (MLS) and does not include For Sale By Owners (FSBO's). DOM is Days on Market. The stats below are for the entire month of August.
| |
|
No. of Listings |
Dollar Volume |
Average Price |
Median Price |
Average DOM |
| RESIDENTIAL |
| CONVENTIONAL |
|
95 |
$45,774,440 |
$481,836 |
$333,000 |
251 |
| FHA |
|
1 |
$180,000 |
$180,000 |
$180,000 |
32 |
| CASH |
|
19 |
$7,909,935 |
$416,312 |
$313,000 |
160 |
| OTHER |
|
2 |
$237,000 |
$118,500 |
$118,500 |
139 |
Analysis by Area |
| 1-DOWNTOWN AREA |
|
3 |
$3,288,000 |
$1,096,000 |
$735,000 |
209 |
| 2-FISH CREEK AREA |
|
15 |
$9,342,749 |
$622,850 |
$645,000 |
200 |
| 3-MOUNTAIN AREA |
|
61 |
$24,109,626 |
$395,240 |
$295,000 |
306 |
| 4-STRAWBERRY PARK |
|
1 |
$5,000,000 |
$5,000,000 |
$5,000,000 |
67 |
| ELK RIVER AREA |
|
1 |
$1,250,000 |
$1,250,000 |
$1,250,000 |
518 |
| GRSCK BLKTL HEN |
|
1 |
$795,000 |
$795,000 |
$795,000 |
66 |
| HAYDEN- TOWN OF |
|
10 |
$1,955,500 |
$195,550 |
$164,250 |
129 |
| MOFFAT COUNTY |
|
2 |
$485,000 |
$242,500 |
$242,500 |
78 |
| NORTH ROUTT |
|
1 |
$300,000 |
$300,000 |
$300,000 |
85 |
| OC PBURG YAMPA |
|
7 |
$1,460,000 |
$208,571 |
$185,000 |
158 |
| SO ROUTT RURAL |
|
1 |
$298,000 |
$298,000 |
$298,000 |
281 |
| SOUTH OF HAYDEN |
|
1 |
$240,000 |
$240,000 |
$240,000 |
132 |
| SOUTH VALLEY |
|
4 |
$2,135,000 |
$533,750 |
$480,000 |
92 |
| STAGECOACH |
|
4 |
$1,121,500 |
$280,375 |
$222,500 |
71 |
| W 40 CORRIDOR |
|
5 |
$2,321,000 |
$464,200 |
$396,000 |
108 |
| |
| |
Totals |
117 |
$54,101,375 |
$462,405 |
$322,000 |
232 |
| LAND |
| CONVENTIONAL |
|
12 |
$3,038,250 |
$253,188 |
$98,475 |
188 |
| CASH |
|
35 |
$6,149,850 |
$175,710 |
$62,500 |
230 |
| OWNER FINANCE |
|
1 |
$645,000 |
$645,000 |
$645,000 |
861 |
Analysis by Area |
| 1-DOWNTOWN AREA |
|
2 |
$722,000 |
$361,000 |
$361,000 |
246 |
| 3-MOUNTAIN AREA |
|
4 |
$1,344,000 |
$336,000 |
$392,000 |
140 |
| ELK RIVER AREA |
|
3 |
$2,422,500 |
$807,500 |
$475,000 |
111 |
| GRAND COUNTY |
|
1 |
$34,900 |
$34,900 |
$34,900 |
35 |
| HAYDEN- TOWN OF |
|
7 |
$471,650 |
$67,379 |
$74,000 |
593 |
| JACKSON COUNTY |
|
1 |
$11,000 |
$11,000 |
$11,000 |
840 |
| NORTH ROUTT |
|
5 |
$378,950 |
$75,790 |
$75,000 |
126 |
| OC PBURG YAMPA |
|
1 |
$81,000 |
$81,000 |
$81,000 |
241 |
| SO ROUTT RURAL |
|
1 |
$245,000 |
$245,000 |
$245,000 |
104 |
| SOUTH AND WEST |
|
1 |
$1,260,000 |
$1,260,000 |
$1,260,000 |
102 |
| SOUTH ROUTT |
|
2 |
$955,000 |
$477,500 |
$477,500 |
648 |
| SOUTH VALLEY |
|
1 |
$950,000 |
$950,000 |
$950,000 |
375 |
| STAGECOACH |
|
17 |
$617,100 |
$36,300 |
$20,000 |
100 |
| W 40 CORRIDOR |
|
2 |
$340,000 |
$170,000 |
$170,000 |
146 |
| |
| |
Totals |
48 |
$9,833,100 |
$204,856 |
$74,500 |
232 |
| COMMERCIAL/INDUSTRIAL |
| CONVENTIONAL |
|
3 |
$690,000 |
$230,000 |
$216,750 |
212 |
| PRIVATE |
|
1 |
$224,000 |
$224,000 |
$224,000 |
128 |
Analysis by Area |
| 1-DOWNTOWN AREA |
|
2 |
$400,000 |
$200,000 |
$200,000 |
88 |
| ELK RIVER AREA |
|
2 |
$514,000 |
$257,000 |
$257,000 |
294 |
| |
| |
Totals |
4 |
$914,000 |
$228,500 |
$220,375 |
191 |
| Non Co-op Sales |
|
57 |
$18,848,043 |
$330,667 |
$290,000 |
180 |
| Co-op Sales |
|
112 |
$46,000,432 |
$410,718 |
$263,650 |
258 |
| All Sold Listings |
|
169 |
$64,848,475 |
$383,719 |
$275,000 |
231 |
4:22 PM - Sep. 8, 2006 - {0} -
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The following is an article from an online newsletter that I receive, by David Bach - author of The Automatic Millionaire. I thought this information would be of interest to my readers so I am posting it here- enjoy and save!
The Automatic Millionaire
by David Bach
Five Ways to Slash Car Insurance Costs
Tuesday, August 1, 2006
 What would you say if I told you that in the next few minutes you could save between $500 and $1,000 on your car insurance?
You'd probably tell me I was wrong. That's what my assistant, Liz, said when she was looking over my shoulder as I wrote this column. "OK," I said. "You'll be the test case. Follow my tips and tell me what you find."
Just 10 minutes later, she told me she'd saved $800 on what she was currently paying -- for identical coverage. Read on to find out how she did it.
Who Doesn't Want to Save Money?
According to a study by Insurance.com, the average cost of car insurance in the U.S. is $2,302 per car per year. Typically, some savvy shopping will save you 5 to 10 percent or more on your premiums. Some, like Liz, will save even more.
I don't care how much money you make -- $800 for 10 minutes of work is a pretty good return. And that's just this year's savings: If you save $800 every year for 30 years and invest the money in your retirement, with an 8 percent return you could have over $100,000 from that savings alone. Some of you will save even more -- perhaps even twice as much.
So go ahead. The most you have to lose is a few minutes of your time. The most you have to gain is a six-figure nest egg. It's one of the little things you can do to help make yourself a millionaire -- automatically!
Here are my five tips on how to get the best deal on your car insurance.
1. Go online.
There are lots of web sites that give you insurance quotes online, saving you the time of calling an agent. Some of them even give quotes from multiple companies. Be prepared to fill in some electronic forms with information about your car, the coverage you want, where you live, and other information.
Some of the sites generate a quote on the spot; some of them have an agent call you with the results. Some of the quotes you get may be higher than what you're already paying. That was Liz's experience with her first response. "Don't give up," I told her. "Go on to the next site. Get as many quotes as you can."
Here are 10 web sites to get you started:
2. Talk to your agent.
"OK, David," some of you might be saying, "I went online and I saved lots of money, but I like my friendly neighborhood agent. I don't want to switch." Well, you may not have to. Take the best quote you got online to your current agent and see if he or she can match or beat it.
Insurance companies come out with new products, new rate structures, and new discounts all the time. You may be able to get just as good a rate from your current insurer as you could by switching. "That's great," you say, "but why didn't my agent tell me about these new rates before?" Simple: Because you didn't ask.
3. Take advantage of other ways to save money.
There are lots of them:
- Buy home and car insurance from one source. Some companies that sell both homeowners and auto insurance give you a 5 to 15 percent discount if you buy at least two policies from them. This not only saves you money, it simplifies your life: You pay one bill to one company every month instead of two separate ones, and you deal with just one agent for claims.
- Increase your deductible. Increasing your deductible from $200 to $500 can reduce the cost of your premium by 15 to 30 percent; a $1,000 deductible could save you up to 40 percent or more.
- Don't over-insure. Many experts suggest that liability limits of $50,000 for one person injured in an accident, $100,000 for all people injured in an accident, and $25,000 for property damage liability (called 50/100/25) is sufficient. And before you buy other add-ons such as medical coverage, check to make sure you're not just duplicating coverage you already have.
- Ask about discounts. If you've taken driver's education, have had no accidents or tickets for three years or more, or own cars with advanced safety devices or antitheft alarms, you may be eligible for a discount. Your kids might, too, if they have B averages or better in school and are students under the age of 21.
There's even a discount for people who drive less than 7,500 miles per year. If you belong to certain organizations -- college sororities, credit unions, or motoring clubs, for example -- you may be eligible for special rates. Some companies even offer discounts to certain professionals, including engineers and teachers.
- Keep your credit record clean. A low credit score can raise your insurance premiums.
- Pay automatically. Some insurance companies charge $5 or more per payment for mailed payments, but nothing for automatically deducted payments.
4. Before buying a new car, see what it'll cost to insure.
Some of you are paying more per month for your car insurance than you are for your car payment. That's because many of us spend 100 hours buying a car -- researching prices, options, discounts, and rebates -- but no time at all buying car insurance. We just call up our agent after we've already bought the car and pay whatever they quote us.
The fact is, some cars cost a lot more to insure than others because they're more likely to be stolen, are more expensive to repair, are statistically more likely to be involved in accidents, or a combination of the three.
Muscle and luxury cars typically cost the most to insure: the hyper-powerful Dodge Viper was the most expensive mass-market production car to insure in 2004, according to Progressive; the Cadillac Escalade tops the list of cars most likely to be stolen -- a fact also reflected by high premiums.
So before you buy your next car, get informed. Go to Insurance.com for a list of the vehicles with the highest and lowest claims rates, which can serve as a guide for the vehicles that may cost more to insure. Or visit the web site for the Highway Loss Data Institute for information on virtually all makes and models. Then get a quote from your insurance agent on any car you're thinking of buying before you close the deal.
5. Keep your driving record clean.
Whether you're a brand-new driver or have years of experience, your driving record has a huge effect on your insurance. Having just one accident can increase your rates by up to 40 percent! Moving violations, and in some cases even parking tickets, can also have an adverse effect, and the higher rate typically lasts for three years.
Conversely, if you're a safe driver with a clean record for the past three to six years, you may qualify for an additional 5 to 10 percent discount. So drive carefully -- it pays!
The Automatic Millionaire is the registered trademark of David Bach and FinishRich Media, LLC.
6:56 AM - Sep. 1, 2006 - {0} -
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Following are the Sold Stats for the week beginning August 22, 2006. This information was provided by the Steamboat Springs Multiple Listing Service (MLS). DOM is Days on Market.
As always, call me at (970) 871-1157 or email me at stacy@stacy-brown.com with any questions or for more information on specific areas.
| |
|
No. of Listings |
Dollar Volume |
Average Price |
Median Price |
Average DOM |
| RESIDENTIAL |
| CONVENTIONAL |
|
18 |
$8,981,835 |
$498,991 |
$332,500 |
164 |
| CASH |
|
3 |
$452,000 |
$150,667 |
$72,000 |
127 |
Analysis by Area |
| 1-DOWNTOWN AREA |
|
1 |
$1,838,000 |
$1,838,000 |
$1,838,000 |
203 |
| 2-FISH CREEK AREA |
|
5 |
$2,888,835 |
$577,767 |
$645,000 |
204 |
| 3-MOUNTAIN AREA |
|
9 |
$3,331,000 |
$370,111 |
$209,000 |
167 |
| HAYDEN- TOWN OF |
|
1 |
$160,000 |
$160,000 |
$160,000 |
251 |
| NORTH ROUTT |
|
1 |
$300,000 |
$300,000 |
$300,000 |
85 |
| OC PBURG YAMPA |
|
2 |
$305,000 |
$152,500 |
$152,500 |
84 |
| SOUTH VALLEY |
|
1 |
$215,000 |
$215,000 |
$215,000 |
34 |
| W 40 CORRIDOR |
|
1 |
$396,000 |
$396,000 |
$396,000 |
68 |
| |
| |
Totals |
21 |
$9,433,835 |
$449,230 |
$300,000 |
159 |
| LAND |
| CONVENTIONAL |
|
2 |
$470,000 |
$235,000 |
$235,000 |
436 |
| CASH |
|
9 |
$724,500 |
$80,500 |
$20,000 |
155 |
Analysis by Area |
| 3-MOUNTAIN AREA |
|
2 |
$784,000 |
$392,000 |
$392,000 |
41 |
| HAYDEN- TOWN OF |
|
2 |
$117,500 |
$58,750 |
$58,750 |
202 |
| JACKSON COUNTY |
|
1 |
$11,000 |
$11,000 |
$11,000 |
840 |
| STAGECOACH |
|
6 |
$282,000 |
$47,000 |
$15,750 |
157 |
| |
| |
Totals |
11 |
$1,194,500 |
$108,591 |
$20,000 |
206 |
| Non Co-op Sales |
|
13 |
$3,742,835 |
$287,910 |
$209,000 |
167 |
| Co-op Sales |
|
19 |
$6,885,500 |
$362,395 |
$205,000 |
180 |
| All Sold Listings |
|
32 |
$10,628,335 |
$332,135 |
$207,000 |
175 |
Sales in the 3-Mountain area were at 96% of asking price, whereas sales in the Fish Creek Falls area fell to around the 93-98% range and another sale in that area sold at 86% of the asking price.
5:17 AM - Sep. 1, 2006 - {0} -
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