Telluride Real Estate News: A Dream Home in Telluride Region

22 Mar Telluride Real Estate News: A Dream Home in Telluride Region

Telluride Real Estate News twins with Robert Stenhammer, an associate broker with Telluride Real Estate Corp./Christie’s International Real Estate.  His TellurideRealEstates.com is a fresh, fun, informative way to search for properties in the Telluride region: mobile search awesomeness, lifestyle search, luxury search, new listing, and hot deals. 

With a BA in business, an MBA in hospitality and tourism, and over 20 years of experience in the fields, Robert’s expertise encompasses real estate, hotels, vacation rentals, resort management, community relations, government affairs, and destination marketing. In his past life working on Hilton Head Island, South Carolina, Robert wrote often on those subjects for local media. In addition to his  real estate position, he also works part-time for the Telluride Ski & Golf Resort, where his title is “Office of the CEO” and his focus is on government affairs and community relations, a role which comes down to helping make Telluride the #1 resort in the world.

In his weekly column, (narratives and video), “Telluride Real Estate News,” Robert leverages his extensive knowledge of market factors (global, national, and regional) and the Telluride lifestyle to bring readers fresh, informative – and insider – real estate news to use today.

This week, Robert walks you step by step from the dream to the reality of purchasing property in the Telluride region.

And contact Robert if you want additional information about the Telluride Ski & Golf Club and/or if you are interested in buying property in the Telluride region. To stay informed about the Telluride lifestyle and real estate opportunities, go here, like his Facebook page, Telluride Real Estate News, or call 970-708-7771. 

Robert Stenhammer

Interested in owning a corner of Shangri-La 2.0?

Perhaps a mountain condo or multi-generational retreat in Telluride?

Or a property you can get into with 1031 exchange?

How about a real estate/rental investment?

Look no further for insights into the nuances of what it means to be a property owner in Telluride.

Please allow me to present the ultimate buyers guide for Telluride Real Estate.

What to Be Prepared For:

• The 3% Real Estate Transfer Assessment:

Both the Town of Telluride and the Telluride Mountain Village Owner’s Association (TMVOA) have a 3% real estate transfer assessment almost always paid for by the buyer. But before you fret, understand that these funds go for very important property value enhancing programs. In the Town of Telluride, the money is used exclusively for town capital projects. In Mountain Village, the fund runs and maintains the free public gondola, Dial-A-Ride on demand transportation for owners and guests, member social events, and economic stimulus.

• Understand Your Purchase Power:

If you are a cash buyer, you are in the driver’s seat. If financing, make sure to get a pre-qualification to understand how much property you can afford. We as brokers have shown many dream properties buyers fall in love with only to realize the lenders will not back the purchase.

• The Emotional Roller-Coaster:

Offers are submitted and countered. Competing bids may trump your offer. Dates for due-diligence, inspections and their resolutions can be an emotional roller coaster. Title and HOA document review are important parts of the process. That is where a knowledgeable and committed broker, who understands and represents your interests is worth his (or her) weight in gold. Part of the job is to guard you against the risks of the process.

• Appraisal and Inspection:

Is the home you are purchasing worth the price you are paying given the condition of the property? An independent appraisal is required if you are financing and regardless, is good idea for your overall piece of mind.

After inspection, the deal can get tricky. What are you going to ask the seller to fix? What if they refuse? Many a deal has been undone by the inspection and subsequent resolution negotiations.

• Home Insurance, Warranties and Title Insurance:

Your broker will have a list of trusted and recommended professionals to assist you with policies and coverage to put your mind at ease

• Closing – Congratulations!

The final walk-through gives you the opportunity to make sure you have found the perfect property to fulfill your real estate objectives.

Your closing costs and settlement charges are clearly outlined in the closing statements. Applicable expenses such as property taxes, utilities, and rental income are appropriately pro-rated.

Your broker should provide you with a buyer’s checklist to switch utility billing, cable and internet services, rental management companies, and property maintenance specialists.

Now check out the process in Robert’s video summary:

More about Robert Stenhammer:

Daughters Sammy (18), Mackenna (16), Robert and Wife Heidi.

Originally from Minnesota, Robert has enjoyed a 20+-year career in luxury resort, real estate, hospitality, and tourism. He has been a licensed real estate broker since 2009.

Robert began his resort management career in the ski resorts of Colorado, where he directly oversaw the management of over 2,600 vacation rental properties, 40 homeowner associations, retail, food and beverage, real estate, hotels and resort operations during his stints with Vail Resorts and Intrawest.

He lived in Hilton Head Island, South Carolina for seven years, serving on the Board of Directors for the Hilton Head Island/Bluffton Chamber of Commerce & VCB. He chaired the Accommodation Tax Committee for the Town of Hilton Head Island, got his brokerage license and was a regular hospitality, tourism, and real estate columnist and contributor for the Island Packet newspaper and Hilton Head Monthly magazine.

In his former duties as executive vice-president for Telluride Ski & Golf Resort, Robert Stenhammer was responsible for hotel and vacation rental resort lodging, Mountain Village retail operations, golf course operations, the Telluride Conference Center, Telluride Concierge Luxury Transport and the exclusive Telluride Ski and Golf private members club.

Daughter Sammy (18), Robert, Daughter Mackenna (16) and wife Heidi.

In his new job for Telski, Office of the CEO (Bill Jensen), Robert is charged with helping to make Telluride the #1 resort in the world by working in government affairs and on strategic partnerships and new initiatives for the resort, including housing, access, and sustainable development for a better future.

As a broker, Robert  leverages his intimate knowledge of the market and executive-level communication skills and service experience to exceed his clients’ real estate objectives.

Off-hours, Robert takes advantage of the active Telluride lifestyle His home is in Mountain Village, where he lives with his wife Heidi and daughters Samantha (18) and Mackenna (16).