Thanks. I think we'll try the real estate attorney idea. Probably going to be way less than an agent at this point. Thanks for the replies.
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Thanks. I think we'll try the real estate attorney idea. Probably going to be way less than an agent at this point. Thanks for the replies.
Montana. In place from the beginning of the development (from what I can tell). Developer still has about 50% of the voting rights and all lot owners seem to be on board with tight rules. In fact, we raised the annual payment last year by $100, earmarked for a legal fund to go after the few contractors that don't want to abide by the rules to keep a clean worksite (amongst other problems).Quote:
Originally Posted by Foggy_Goggles
There’s also an HOA in Dillon/Summit Cove that doesn’t allow STR’s (minimum is 6mo as well). Covenants have been in place from the getgo (2000 or so).
Depending on where, state approved forms maybe available.Quote:
Originally Posted by G. Gordon Liddy
LHutz Esq wrote up my deal fo freeQuote:
Originally Posted by G. Gordon Liddy
but then he got all the usual fees, disbursements, filings and yada fucking yada
and he was probably doubling billing someone
Is it now yours or are you executing a sale on behalf of their estate? I think around here the latter could be more complicated (and you might want to use an agent just to prove you got the best deal possible for the estate), but I have no idea what your local laws are. Real estate attorney should be able to provide some clarity, I would expect, as well as help establish what documentation you may need if the deed isn't already in your name.Quote:
Originally Posted by G. Gordon Liddy
GGL, in the event you didn't know this, an appraisal of the property is required by the IRS, if more than 6 months has elapsed since the death of the last parent before selling. It is called a DOD (value as of Date Of Death) appraisal. If the property is sold within the 6 month window, you can use the sales price to establish the new basis and there should be no gain. If it has been more than 6 months you need the DOD appraisal to establish if there was a gain/loss from the sale.Quote:
Originally Posted by G. Gordon Liddy
Good reminder. We had it appraised at the first death, but we just passed six months, so I'll inquire if I need to get another. Our tax system is so fun, and it's extra fun when you pass away!Quote:
Originally Posted by liv2ski
Great opportunity in grand junction!
https://ktla.com/news/human-head-han...olorado-house/
^ that should’ve been on the disclosure amirite?
In the master bedroom of the house i grew up in, underneath the carpet on the hardwood floor, there was a large stain from where the previous owner had died and decomposed. It was one of the reasons why my parents were able to afford that bungalow in such a nice area.Quote:
Originally Posted by Core Shot
The house i share a backyard corner with had a drugdeal-gone-bad murder happen in it 2 months after we moved into our place. The owner was in an eldercare facility with dementia and his nephew lived there and was a meth/pillhead. A few months after the murder the house was sold without disclosing the murder because... the owner of the house technically had no knowledge of the murder... or of reality. The new owners are a nice young couple, but they were not happy to learn about what had happened at the house from neighbors after they had moved in.
I'll tell you my first rule while doing home inspections is NEVER open a refrigerator or freezer. NEVER.Quote:
Originally Posted by frorider
My first rule. In a house for sale or rent. Is flush the toilet before you use it.Quote:
Originally Posted by I Skied Bandini Mountain
It’s embarrassing to realize the water is off.
https://www.summitdaily.com/opinion/...own-economies/
The mental gymnastics here are incredible.
Rode a chair (Whitefish) the other day with a guy who is the only actual resident on his entire block. All the other units are vacation rentals, which probably don't have the locally-required STR permits, but can still do 30-day rentals (and my understanding is lots of people just cheat the system on that...e.g. the contract says 30 days but they only plan to stay for a week). And of course it is winter and the snowpack sucks, so right now they are all sitting vacant. Regardless of the affordability aspect, that sucks.Quote:
Originally Posted by Iowagriz
He also put forward the same complaint that has been tumbling around my head: all of the new construction going up is 100% intended for use as a vacation rental or 2nd home. These are not homes designed for actual families to live in...they are designed for 6 people to come hang out for a week of skiing or national park visiting. No storage, no privacy, no place for kids to do homework, just bunkrooms and big open plan kitchen/dining/living rooms.
So not only are the new homes expensive, but they are *less* attractive to actual residents. Simultaneously they are more appealing to investors/vacationers.
It would take years to resolve, but I do believe that effective restrictions on furnished vacation rentals would not only directly lower prices, but would also increase the supply of homes intended for actually being lived in.
Umm… ORLY?Quote:
Originally Posted by TAFKALVS
“a depreciating short-term rental property.”
So, they actually furnish these STR's. That's nice.Quote:
Originally Posted by singlesline
Capitalism is a motherfucker when people build to what's demanded. His best route is to get actual residents running the town and prioritizing community things. Or tax the shit out of 2nd homes to fund year round resident housing.Quote:
Originally Posted by singlesline
pretty much what is happening in scummit county coQuote:
Originally Posted by schuss
we have endless affordable housing projects which is great but growth for the sake of growth makes you wonder
and hey an affordable gov't funded studio starts at $1,500 a month plus utilities
the colorado state legislature is looking at taxing short term rentals at the commercial property tax rate of 27% people are freaking out there will be a fire sale of sorts
but the fantasy that these units will all go back to locals is pretty comical
A 27% tax rate? you mean 2.7%?Quote:
Originally Posted by fastfred
Quote:
Originally Posted by liv2ski
I think he means 29%. Colorado has a bit of a fucked system. Basically, commercial property is taxed about 4x higher than residential. In my world, it such for small time contractors or other Mom & Pop Businesses. https://dpt.colorado.gov/understandi...es-in-colorado Shit gets rezoned residential.Quote:
2024 Assessment Rates
Classification Rate
Residential TBD
Residential Multi-family 6.8%
Commercial 29%
Commercial Lodging 29%
Commercial Renewable Energy 26.40%
Industrial 29%
Agricultural 26.40%
Agribusiness 29%
State Assessed Renewable Energy 26.40%
Kane Creek Road in Moab(essentially everything between Moonflower Canyon and where the road turns to dirt) is about to get 250+ units built on it. I would guess that 100% will be purchased as STR. Fuck that bullshit.
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Moab is pretty strict on STRs, so unless they allow it, they won't be able to be short termed.Quote:
Originally Posted by joetron
You just have to wonder why STRs haven't been taxed at the commercial rate thus far. I mean they are being used as commercial enterprises, right?Quote:
Originally Posted by Foggy_Goggles
Oops, should have been more clear, it’s outside city limits in Grand County on land that got zoned Highway Commercial in 1992 so that an old timer back there could build a campground.
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^^^ Used to park there for the Moab trail marathon each fall. It was closed last year. Doesn’t that area flood like a MF?
Yep. But FEMA approved a plan that lets them move 680,000 cubic yds of dirt from the plateau on the other side of the road to raise the ground between the road and the river 1ft above historic flood level. That’s almost 10ft of fill in spots. 50,000 dump trucks full.Quote:
Originally Posted by ski-wpk
This brilliant plan doesn’t account for the flash floods that come off the rocks and cover Moonflower in 2-3ft of water.
Savemoab.org for more info.
Sorry for the activism here, but this project has got me going.
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Thanks for sharing. Will read the website.
I am trying to stop a similar maneuver in spokane. 10ft of vertical dirt over 95 acres of flood plain wildlife migration and creek. 10 year period just to truck it in, crossing 4 school zones all day. site allows ingress to aquifer and city/county won’t touch water managemet due to risk. thank god an HOA can manage things for us! right? right?
Research shows Breckenridge residents are hesitant to promote living there
https://www.summitdaily.com/news/bre...urvey-results/
https://kanecreekwatch.org/about/Quote:
Originally Posted by joetron
One of the three Developers has quite the history to be pulling this deal: "Gottlieb [...] is a former trustee of the Nature Conservancy in Hawaii."
Wow, so that huge campground that has been closed for several years between the caves and the rivers edge?
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typical close the door behind me after I get hereQuote:
Originally Posted by Name Redacted
moab is fucked
the county and town have had their head in the sand for decades now
they expect everyone to just drive in from junction green river thompson springs and monticello to work
they have done little to nothing to promote and start affordable housing initiatives
oh and the old lions back campground below slick rock is become a resort/spa
Ha...Breck, Moab, Winter Park
All sucking on the Assessed Value cock. Just because it's hard, doesn't mean it is complicated. If you want something new and shiny or your name on the outside of the building, somebody has to pay for it.
Reality today in a Colorado Mountain Town (tm) versus 20+ years ago is what creates jaded townies that have a hard time being gracious for what they got. When Berthoud was closed, everyone talked about it felt like the 90s'.
So today, it is gonna be a lot more challenging to work your way from lifty/rental tech/waiter to living wage, own a condo, drive a nice truck life. And even if you can do it, you are gonna ski/kayak/snowmobile/XC a lot less.
And when you do go skiing, its gonna be different. Weekends are gonna have 18k people. You'll need to get up early and be parked before the lifts open regardless of conditions. Or take the bus. And if you want to drive home downvalley on a Friday or Saturday, you'll need to leave before 3 or after 5:30. And don't park at the Jane unless you're down for a long Pepporonis session.
Luckily, I think, plenty of people still love it. They tend to either not earn their paycheck around here, have a big pile to make it happen or someone else helps with the bills.
So no shit times have changed. In order to life the life you want to live in the mountains, you either need to have more money or make more sacrifices. To many, its still worth it.
I don't support that Moab development, but that savemoab.org website reads like a giant NIMBY spoof and is hard to take seriously.
We've got one of those nearby with a reservoir that they are proposing to increase (simply by storing more water). The locals are all in a NIMBY froth and their website also is tough to take seriously.Quote:
Originally Posted by AdironRider
I'm all for taxing or creating fees to offset new development those fees can goto developing affordable housing projectsQuote:
Originally Posted by AdironRider
what about the road? It's pretty narrow who is responsible for widening that and putting in a shoulder? or are they just going off the front range play book of approving endless developments without a road plan in place?
as far as the nimbys we have them in summit county too
and I hate to say it these millennials really do think they are owed something for nothing
the kicker all these people want resort town amenities without the cost of living or the tourists
it's beyond me you can't have it that way
it's time to move on and find a small town somewhere else without rich people and tourists but you know that's pretty scary stuff to do