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Durango Real Estate News & Notes

By Ryan Poppe - Last Updated: Wednesday, November 13th, 2019.

Real Estate Liens: Facts and Ways to Deal with ClaimsUnknown liens and encumbrances can derail a sale, so it's vital to know if there are claims against the property you want to sell. Typically, an owner will be aware of a lien at the time it is filed against the home, but not always. In some cases, the existence of a lien is discovered only during a required title search prior to closing.

A lien is essentially a notice attached to the property deed. It represents a monetary claim, which must be cleared or "satisfied," before the title can be transferred to a new owner. Property liens are public record. In order to be valid, they must be filed, typically with the clerk of the county in which property is located. A lien is valid only for a specified length of time; it varies with the type of lien and

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By Ryan Poppe - Last Updated: Tuesday, November 5th, 2019.

3 Sensational Ski Resorts Near Durango, CODurango is best known as the home of the Durango Narrow Gauge Railway and for having access to some exceptional ski resorts, which are more affordable and less crowded than most. If skiing the San Juan Mountains is on your bucket list, here are three incredible skiing locations around Durango, CO.

1. Purgatory Resort

By far the most popular and amenity-driven ski resort around Durango for skiers of all experience levels, Purgatory Resort is a winter paradise for vacationers and locals. Purgatory Resort boasts seven amazing terrain parks, snowcat skiing and over 1600 acres of skiable terrain that whizzes one through unmatched scenery. Equipment and gear rentals are available in Purgatory Lodge, as well as restaurants, shops, lap pools, a private

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By Ryan Poppe - Last Updated: Wednesday, October 30th, 2019.

Renting to Tenants? Here's What You Need to KnowRenting an Animas Valley home is a big decision. While renting can bring in a lot of needed income, it can also be a big responsibility. Rental properties must be properly cared for and the needs of the tenant must be managed.

If you've never rented a home to tenants before, you have a lot to learn before you can put your home up for rent. Here's what you need to know about taking care of a rental property.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Familiarize Yourself With Tenant and Landlord Laws and Rules

Laws that protect landlords and tenants vary from one state to the next. Landlords must be familiar with their own rights and the rights of

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By Ryan Poppe - Last Updated: Tuesday, October 22nd, 2019.

The Best November Events in Durango, COWith the arrival of Thanksgiving and Christmas just around the bend, the community of Durango is brimming over with the spirit of giving, hopes of receiving and feelings of peace and joy. These three November events in Durango, Colorado are ideal for families and friends looking to embrace the season with some fun and frolic.

Polar Express Train—November 15 - January 2

The classic children's tale, The Polar Express by Chris Van Allsburg, has stimulated imaginations and brought holiday joy to readers for decades. Brought to the big screen in 2003 as a feature film, The Polar Express Train comes alive with all the favorite characters from this beloved Christmas Eve story right aboard the Durango Narrow Gauge Railroad, located at 479 Main Ave,

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By Ryan Poppe - Last Updated: Wednesday, October 16th, 2019.

What to Know About the 1031 ExchangeThe 1031 exchange is a way for owners and investors to defer capital gains tax when selling an asset. This is one of the more complicated transactions to successfully complete, especially now that the tax code has changed. Learn more about how 1031 exchanges work, how they can save Animas Valley homeowners in the short-term, and what can be done to maximize the efficiency of the exchange.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

The Basics of a 1031 Exchange

A 1031 exchange occurs when an owner sells an appreciated property and simultaneously purchases property of the same value. When the owner completes a 1031 exchange, they are exempt from paying capital

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By Ryan Poppe - Last Updated: Tuesday, October 8th, 2019.

The Best Art Galleries in Durango, COThe art scene in Durango, CO has quickly established itself as a premier location in the Southwest for both art and art lovers. The scenery, crisp air and inspiration found in this community seem to bring out the best work in painters, sculptors, thespians and craftspeople alike. There are galleries across town, but these are arguably the best of the best places to purchase and enjoy world-class art in Durango.

Sorrel Sky Gallery

Sorrel Sky Gallery is a special place that aims to present western artwork through fresh eyes by exhibiting works boasting a timeless presence melded with contemporary craftsmanship. At this downtown gallery, patrons will find precious paintings of oil, acrylics and mixed media alongside custom pottery and ceramics.

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By Ryan Poppe - Last Updated: Wednesday, October 2nd, 2019.

Understanding Earnest Money DepositsWhen people start learning about the home buying process, they may quickly realize that buying a home requires proving they are willing to make a commitment. Sellers want to know that buyers are sure they want the house, and they often require an earnest money deposit as a sign of good faith. There are a few rules that buyers should know before they put this money down, however. This information will help Durango buyers determine what to do when they are ready to invest into a particular property, and which scenarios allow them to get their deposit back.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

1. How Much Money Do Buyers Need for an Earnest Money Deposit?

The

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By Ryan Poppe - Last Updated: Tuesday, September 24th, 2019.

October Is Fun in Durango! Check Out These EventsFall is a wonderful time to be living in or visiting Durango, Colorado. As the weather cools off and winter approaches, the people of Durango will be enjoying a variety of cultural events and festivities.

The calendar is full all throughout the month of October. When you're in Durango, you'll enjoy poetry readings and gatherings, comedy events, cultural events like play festivals, and an adorable children's Halloween get together in the downtown area. Read on to find out when these events are happening so you can be there when the fun takes place!

Durango Cowboy Poetry Gathering

When: October 3-7

This 31st anniversary of the Cowboy Poetry Gathering is going to be the best one ever! With daytime poetry sessions and events, and nighttime

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By Ryan Poppe - Last Updated: Tuesday, September 17th, 2019.

verything You Need to Know About Refinancing Your HomeIf you have a loan of any type, whether that's a home loan or a car loan, then you've probably heard a thing or two about refinancing a home mortgage. Knowing what refinancing is and how it can benefit you is an important part of budgeting. After you've owned your home for a while and have built up equity in the property, you may be able to take advantage of a refi. Before you get started with the refi process, you should understand what it is and what it entails. Here's what you need to know.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is Refinancing?

Refinancing is what happens when a homeowner uses a new loan to pay off their old home loan,

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By Ryan Poppe - Last Updated: Tuesday, September 10th, 2019.

Where to Go for the Best Bargain Shopping in Durango, COFlea markets are always going to be a time investment for shoppers, but those who go already know the time they invest is half the fun. It's the thrill of the hunt that makes shopping at the markets so rewarding, especially when shoppers end up finding exactly what they're looking for. Those searching for the best flea markets in Durango, Colorado should make it a point to add these favorites to their list.

Durango Flea Market

The official Durango Flea Market is held at La Plata Fairgrounds every Sunday from 7 a.m. to 3 p.m. (from May through October). Shoppers will have plenty of chances to peruse the tables through the warmer months and discover all types of amazing products. From the functional to the bizarre, this flea market attracts

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