Stowe Mountain Resort - Opening Day November 21, 2009
.jpg "Spruce Peak, Stowe Vermont")
Stowe, Vermont - Stowe Mountain Resort just announced that it will open on Saturday, November 21st, 2009. The resort has lots of snow making capacity, so hopefully there will be a good selection of trails to ski. Maybe Mother Nature will cooperate too!
To access the Resort Web Site, click on the logo to the right:
The Stowe Resort Web Site has added an interactive map:
If you aren't into skiing or snowboarding, there are plenty other activities. Stowe is famous for her restaraunts, shops, inns and New England Charm. Check out Stowe Area Association's web site below:
If you are interested in real estate at the Stowe Mountain Resort, check out current listings below:
MLS Spruce Peak Cabins for Sale - Stowe, Vermont
Located on Spruce Peak
MLS Stowe Mountain Resort Lodge Condos for Sale - Stowe, Vermont
Located at the Base of Spruce Peak
Please note that some of these properties are Fractional Ownership
MLS Mount Mansfield Townhomes for Sale - Stowe, Vermont
Located close to the Toll House Lift
MLS The Lodge Condos for Sale - Stowe, Vermont
Located close to the Toll House Lift
Give me a call at (802) 793-5171 if you'd like to see any of these resort properties or other homes in the Stowe, Vermont area.
FORECLOSURES or BANK OWNED PROPERTIES - Stowe, Vermont Area
Vermont does not have many bank owned real estate properties. However, I feel that the number has increased and will continue to increase in the next few years. Our MLS system does not allow for a simple search of such properties, but I am able to create specialized searches for bank owned real estate. The searches do not automatically update, but I will do my best to keep it current.
Buying a foreclosure, or short-sale property can be very complicated. I have been a licensed Realtor® in Stowe since 1998. I am currently studying and taking classes to obtain the National Association of Realtors® Short Sale and Foreclosure Certification, and I am an Accredited Buyer Representative. So be sure to hire a REALTOR® that is experienced, trained and can represent you as buyer. I can represent you on these properties and all other area properties as long as they are not listed by Stowe Realty. Please contact me for more information about these properties or other ones you are interested in. Hire an experienced Accredited Buyers Representative! 
BANK OWNED REAL ESTATE:
Stowe Vermont Foreclosures - updated 10/19/09
Eden Vermont Foreclosures - 10/18/09
Morristown Vermont Foreclosures - 10/18/09
Hyde Park Vermont Foreclosures - 10/18/09
Johnson Vermont Foreclosures - 10/18/09
Wolcott Vermont Foreclosures - updated 10/19/09
Vermont Short Sales - BUYERS - What You Need To Know!
What is a Short Sale? A home is being sold below what the current seller owes on the property and the seller does not have other funds to make up the difference at a closing. Sellers sometimes get in this situation due to number of factors including job losses, aggressive borrowing against their home, declining home values, and personal hardships.
Short Sale vs. Foreclosure - A short sale is different from a foreclosure. Foreclosure is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure. But a short sale holds many potential pitfalls for BUYERS. Be prepared for the risks before you pursue a short sale purchase.
You may be a good buyer for a short sale purchase if:
YOU ARE VERY PATIENT. Even after you come to agreement with the seller to buy a short sale property, the seller's lender (or lenders, if there is more than one mortgage) has to approve the sale before you can close. When there is only one mortgage, short sale experts say lender approval typically takes about two months. If there is more than one mortgage with different lenders, it can take four months or longer for the lenders to approve the sale.
YOUR FINANCING IS IN ORDER. Lenders like cash offers. If you can't pay all cash for a short sale property, it's important to show you are well qualified and your financing is set. If you are preapproved, have a large down payment, and can close at any time, your offer will be viewed more favorably.
YOU DON'T HAVE ANY CONTINGENCIES. If you have a home to sell first, or you need to be in a new home by a certain time, a short sale may not be for you. Lenders like no-contingency offers and flexible closing terms.
If you decide to purchase a short sale property, you will need expert assistance including:
EXPERIENCED REAL ESTATE ATTORNEY. A good real estate attorney who is knowledgeable about the short sale process will increase your chances of getting an approved contract. Only about 2 of 5 short sales are approved by lenders. Special provisions and language written into a purchase contract is 
essential throughout the negotiation.
QUALIFIED REAL ESTATE PROFESSIONAL. A qualified real estate professional will be able to show you short sale homes, help negotiate the purchase when you find a property, and smooth communications with the listing agent and lender. In Vermont, it is not always obvious a property may be in a short sale status.
Some of the other risks faces by buyers of short-sale properties include:
POTENTIAL FOR REJECTION. Lenders want to minimize their losses. If you make an offer tremendously lower than the fair market value, chances are your offer will be rejected. Or the lender could make a counteroffer, which will further lengthen the process.
BAD TERMS. Even when a lender approves a short sale, it could require that the sellers sign a promissory note to repay the deficient amount of the loan, which may not be acceptable to some financially desperate sellers. In that case, the sellers may refuse to go through with the short sale. Vermont is a Recourse State so the borrower can be liable for the deficiency.
NO REPAIRS OR REPAIR CREDITS. You will most likely be asked to take the property "as is." Lenders are already taking a loss on the property and may not agree to requests for repair credits.
To Sum It Up - the risks of a short sale are considerable. But if you have the Time, Patience, Flexibility, and Iron Will to see it through, a short sale can be a win-win for You and the Sellers.
Most of the information above is from the National Association of Realtors which I am a member of. I have added some Vermont Specific Information. Also, I am currently working on the NAR Short Sales and Foreclosure Certification a/k/a SFR. I hope to write about Short Sales as an option for Sellers but am still trying to understand the "Making Homes Affordable" Rules and Guidelines and how they apply in Vermont.
Texting While Driving - Should it be Outlawed?
I came across a post by Rossi & Bishop on RealTalk yesterday. They referred to an article written by Jamie Nash of Montgomery County News. In the article was a YouTube Video that really stuck a nervee. I am the mother of two teenage boys. Both are actually quite good drivers, but I know the older one texts while he drives. And yes, he knows it's dangerous. I know that when I was a teenager, I thought I was immortal. When I look back at some of the things I did while driving, I am amazed I survived. In those days though we did not know what cell phones or texting were. I am actually pretty good about not using my cell phone while driving as I know how distracting it is. I can't imagine if I attempted to text while driving as I have a hard enough time texting at my desk.
I wanted to share this YouTube video with you. Maybe you have seen it before, but if not, check it out. Some feel it's too graphic, but I feel it gets the message across. Texting and Driving simply do not mix!
The National Transportation Safety Board has major concerns over cell phones and texting while driving. I already know that Vermont has no law against either. I hope that more states, including Vermont, take a proactive approach to this "accident waiting to happen".
Do you know where your state is with legislature? I found a chart posted by the Insurance Institute for Highway Safety dated October, 2009. Click on the icon for the Report by State
Stowe Vermont Foliage - at PEAK!
As a Stowe Resident for 22 years, I can proclaim that the foliage is at peak. It never seems to fail that Columbus Day weekend coincides with our Colorful Peak. It's been a rainy week but looks like there is some sun in the forecast for this weekend!
.jpg "Stowe Foliage")
.jpg "Foliage Leaf in Pond")
These are some photos I took today - October 9th, 2009.
What a pleasure it is to drive around our back roads to find such eye candy!
There are also some great events this weekend besides taking in the foliage:
Stowe Foliage Craft Show at Topnotch - October 9-11th, 2009
History of Trapp Family Lodge Tour - October 9-11th, 2009
Stowe Home Tour - October 10th, 2009
If you come up to Vermont, feel free to contact me. I'd love to show you some of the beautiful homes available for sale in the Stowe area!
Teresa Merelman, Broker
ABR, CRS, e-PRO, GREEN
Stowe Realty
(802) 253-8484 office
(802) 793-5171 - Cell
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Stowe Realty services the Lamoille & Washington County areas of Vermont. We handle sales & rentals. Primary towns include Stowe, Waterbury, Morristown, Hyde Park, Johnson & Elmore. Licensed 1998.
Teresa has been a licensed Realtor® since 1998. She attended Miami University and graduated with a BS from George Mason University. She has obtained the following designation/certifications:
Teresa has also been involved with many voluteer positions which include:
In 2007, Teresa was honored to be voted the Vermont Realtor® of the Year.
Teresa has lived in Stowe with her husband and two sons since 1987.
Teresa specializes in Residential and Condo sales. Stowe, as a 4 season resort town, attracts visitors from all over the country. Many of our buyers look to purchase a second home, vacation home or investment property. Teresa also enjoys working first time buyers and buyers looking to make the Stowe area as their primary residence.
Testimonials
Experience and service with integrity are key to successful real estate transactions. As a Realtor®, past transactions can lead to future transactions and to referrals. Below are a few letters from clients/customers I have the privelege of sharing with you.
Elmore, Vermont
George and Gina, Buyers, Elmore
Stowe, Vermont
Joe and Sue, Buyers and Sellers, Stowe
Johnson, Vermont
Randy and Gail, Buyers, Johnson
Stowe, Vermont
Howard and Linda, Buyers, Stowe
Stowe, Vermont
Evan and Janet, Sellers, Stowe
Hyde Park, Vermont
Geoff and Kathleen, Buyers, Hyde Park
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