jimbolla wrote:As far as a lawyer John Lorentz is great . His office is in Killington above ski country real estate.
John only does real estate and knows the ins and outs around Killington.
What makes them so "great"...??
I hate using lawyers for real estate deal, it seems they often do more trouble than good. Fighting back and forth, etc.
When I purchased here in Utah they dont even use laywers....thats a HUGE $$$$ savings.
I literally put in and offer on Jan5th, and the house was closed on Jan 21st. Sooooo much easier here than on the east coast IMHO.
M
yeah. this is excellent advice. Do a real estate deal without a real estate lawyer. I like it.
ski2Bsane wrote:what about whiffle tree? They seem cheap as well
Its rental prices are also on the low end. Take a look at the Killington website lodging link and see which developments have higher priced rental rates. Those will typically command the higher purchase prices. The Killington Grand is the highest, generally followed by Trail Creek, Highridge and Fall Line.
"Abandon hope all ye who enter here"
Killington Zone
You can checkout any time you like,
but you can never leave
"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
F. Scott Fitzgerald
"There's nothing more frightening than ignorance in action" - Johann Wolfgang von Goethe
am I wrong in assuming that quality in construction plays a role in price. Take highridge not trail side but still gets the same price as some trailside condos. having stayed in just about every development on the mt. except sunrise you notice the quality construction of highridge.
Yes I own a Whiffletree unit, what can I help you with?
BTW - I used John Lorentz twice now, and had ZERO
problems, he is very good at what he does, and knows
Killington, and most of the residents.
Go that way, really fast.
If something gets in your way, turn.
I've also used Lorentz for our condo and the cost was pretty reasonable and he knows his sh*t. Neisner was the other guys lawyer. The whole process was a piece of cake. Also used Lalancette for the inspection and they were reasonable also. I agree with Bubba, if you're gonna buy a condo you might as well be as close to the mountain as possible and on the shuttle route. The Bear condos are really nice, but Bear doesn't open till late December and closes early April and no shuttle goes there. We own an Edgemont. We don't have a pool or exercise room in our development so that keeps the condo fees lower than most others. We don't come up to Vt to ride an exercise bike or run on a treadmill anyway, we come up to enjoy the outdoors!
ski2Bsane wrote:am I wrong in assuming that quality in construction plays a role in price. Take highridge not trail side but still gets the same price as some trailside condos. having stayed in just about every development on the mt. except sunrise you notice the quality construction of highridge.
Quality construction plays an indirect roll in that the best quality units are probably newer and may have lower monthly maintenance becaue they're newer and have less detioration. But, be careful with the monthly or quarterly maintenance charges and look deeper at the financial condition of the development and how they manage their finances. For example, do they keep monthly fees low and have special assessments for major expenses or do they anticipate these expenses and reserve for them over time? Ask lots of questons, get several years worth of financial statements and ask about whether the association has done a reserve study recently, or at all.
"Abandon hope all ye who enter here"
Killington Zone
You can checkout any time you like,
but you can never leave
"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
F. Scott Fitzgerald
"There's nothing more frightening than ignorance in action" - Johann Wolfgang von Goethe
ski2Bsane wrote:does whiffle get loud on the weekends. can you hear the people next door or in the unit above?
Our Glazebrook location insures quietness. The Glazebrook townhouses are superior in quality but do not have the amenities of those on the mountain. Red Glaze, the builder, is still around and owns some of the commercial properties.
I notice that 'THE HEIGHTS' townhomes are down to $379,000 now. I remember when they were $799,000. None have sold because all 4 are still listed... And they wanted to build 24 of them?
RedRider wrote:Yes I own a Whiffletree unit, what can I help you with?
BTW - I used John Lorentz twice now, and had ZERO
problems, he is very good at what he does, and knows
Killington, and most of the residents.
I hope I didn't rent your Whiffletree unit! I had a very horrible experience ... and the Property Manager who's name I forget was absolutely useless in helping resolve our issues.
If you have a big unit with 2 bedrooms or more shoot me a PM.
jimbolla wrote:As far as a lawyer John Lorentz is great . His office is in Killington above ski country real estate.
John only does real estate and knows the ins and outs around Killington.
What makes them so "great"...??
I hate using lawyers for real estate deal, it seems they often do more trouble than good. Fighting back and forth, etc.
When I purchased here in Utah they dont even use laywers....thats a HUGE $$$$ savings.
I literally put in and offer on Jan5th, and the house was closed on Jan 21st. Sooooo much easier here than on the east coast IMHO.
M
yeah. this is excellent advice. Do a real estate deal without a real estate lawyer. I like it.
Nutha vote for atty John Lorentz. Offer July 20, in by Aug 21. He knows the area well. Didn't even have to go to the closing. I waived the home inspection, cuz I bought at Mtn Green. High rise condo, everything outside the walls is the condos responsibility. I needed to make sure my appliances worked, heat worked, and check for leaks and pet damage. No radon concerns on the 4th floor. Water tested yearly by condo. If you don't have any structural/exterior responsibilities, save the grand and do it yourself.
powderboy72 wrote:thanks everone for all the insight and the names of some lawyers.
several people have told me getting mortgages on 2nd homes/condos in general right now can be very difficult...we will see how that goes.
would appreciate any other ideas, info, advice, etc. on this topic and condos in general at K...
thanks.
Save yourself the hassle and aggravation. RENT
VT is too unstable. Taxes are going nowhere but up, and the pace will escalate.
Let someone else sweat this out and take advantage of it. You will be treated as a third class citizen being a second homeowner in VT. Kind of like a punching bag that dispenses cash.
