What is an Appraisal Gap? An appraisal gap is when your lender’s appraiser says that the value of the home is less than the amount you offered to pay for the property. Thus creating a larger amount of cash that the borrower needs to “bring to the table” to cover the gap. Since the lender …
[Crested Butte Vlog] What is an Appraisal Gap | 5 Options Should One Occur Read More »
Today we are going to dive deeper into one of the options which is to cure the difference. If you choose to cure the difference, it means that you are accepting the appraised value and there is now a gap between the value of the home and the amount of funds the lender will lend …
Voter turn-out was amazingly high with 86% of property owners (851/989 owners) voting in the November 2, 2021 election regarding short-term rentals, RV parking in private driveways and the ability to have. . . chickens. Today, we are going to focus on the rental modifications and I’ll leave it to you to learn more about …
Crested Butte South – Short-term Rental Restrictions Read More »
Okay, here we are. You have decided to purchase your dream home in Crested Butte, or you JUST have and now you’re trying to figure out all the nuances that come with mountain-home ownership. You flip on your computer and you start Googling the heck out of short-term rentals to figure out everything you need …
Mt. Crested Butte – 8 Short Term Rental Ordinance Changes Read More »