Durango Real Estate News & Notes

There are many factors that home buyers must take into consideration when they're purchasing a home, including interest rates. For a home buyer who would like to pay the least amount of money possible for their monthly mortgage payment, interest rate is very important. Understanding interest rates and how they can affect the monthly payment can help the home buyer to lock in a rate that will help them save money over time.

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

How Do Interest Rates Affect Monthly Mortgage Payments?

The higher the interest rate, the more money the homeowner will find themselves spending on their monthly mortgage payments. In

Visitors who decide to vacation in Durango, CO often come to the city in search of an authentic Western atmosphere, a dose of history and plenty of adventure. By selecting the top tours and activities in Durango, tourists can enjoy something they have never tried before—all while feeling comfortable and confident in the hands of an expert.

Here's a few of the best visitor tours in Durango, CO:

Durango Dog Ranch: Dog Sled Tours

Most people never get to experience the thrill of dogsledding, which is why Durango Dog Ranch offers dog sled tours to visitors who are coming to Durango looking for something different to try. The dog sled tours at this tour company allow people to experience a guided sled ride through the Durango countryside. Tours

A housing bubble is a condition that occurs when home prices become so inflated that average home buyers are unable to afford homes in the area where they live. Bubbles usually occur at a time when the economy is doing well and more people have expendable income.

Housing bubbles can be exciting and stressful while they're going on, and terrible when they pop. Even though bubbles happen out in the open where anyone can observe them, knowing whether or not the market is experiencing a housing bubble can be challenging. Most people are unable to tell whether or not they're living through a housing bubble until it ends and home prices plummet.

For informational purposes only. Always consult with a licensed real estate professional before

Durango CO is a welcoming mountain town that attracts visitors of all ages. From families looking to enjoy a great American adventure to business travelers who have to attend conferences and meetings, there's something about the city that appeals to all types of travelers. Luckily, there's plenty of places to stay as well. These are the best hotels in Durango CO:

Strater Hotel

The Strater Hotel is an iconic historic hotel located in the heart of Durango. It first opened its doors to guests in 1887, and it continues to make visitors to Durango feel like they are a special part of the hotel's story. There are just more than 90 rooms available in this hotel, each one with a unique feel and Victorian decor style. Those who stay here often feel

People who are looking at more expensive homes or those in a highly competitive market may wind up considering a loan that is a bit different from a standard mortgage: the jumbo loan. This loan has a few features that set it apart from other mortgage types. These are advantages in some ways and drawbacks in others. By understanding what is involved in this type of loan, buyers can decide whether it is the right vehicle for them or whether they need to adjust their buying strategy.

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

What Is a Jumbo Loan?

Also called non-conforming mortgages, jumbo loans are loans that are too large to conform to the rules

Farmers markets are an excellent way to socialize with everyone in the community, regardless of whether they're sellers or buyers. The best part is that farmers markets will grow and adapt to their neighborhoods, sculpting an even better experience as sellers listen to buyers and vice versa. This means that no matter when a shopper stops by, they're sure to find something just a little different. For those looking for the best farmers markets in Durango CO, keep the following locations in mind.

Durango Farmers Market

From pottery to bread to the usual produce, the Durango Farmers Market is a fun place to stock up on groceries or enjoy a homemade tamale. Patrons will find local artists peddling their wares and musicians looking to spice up the

The architecture of the home has a lot to do with its functionality, which is why homeowners should identify their priorities before they start visiting different home showings. A ranch may appeal to one buyer while not appealing to another. Learn the different architectural styles before going out and touring new homes to buy.

Victorian Architectural Style

It's easy to miss some of the more dated British references in the US, but Queen Victoria's name may come up again and again when buyers are out and about. This type of home was made popular during the Industrial Revolution when it became clear that the city's were going to need more housing to support all of its workers. This style of home has pitched roofs, dramatic gables, and

Durango, Colorado is an outdoor enthusiast's dream come true. This city is filled with recreational opportunities throughout the entire year, from hiking in the summer months to skiing and snowboarding down the mountainside during the snowy winter season. From family-friendly parks that feature playgrounds to parks that include trails that wind through natural areas, there's something for everyone to do in Durango CO. These are the best parks in the city:

Schneider Park

Schneider Park is one of the larger, more popular parks in the city, and there's a reason why people of all ages like to spend their free time there. This park not only offers access to the Animas River Trail, but it also has a variety of amenities that appeal to different

Photography is an important part of selling a home. Good photographs are important for showing off a home's best features. However, standard photographs are not always adequate. Home sellers seeking a more creative marketing tool sometimes turn to drone photography and video. Here's what you need to know.

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

Limitations of Standard Photography

Standard photography has limitations that can be troubling to some Dolores home sellers. While home traditional photography can show a buyer what a home looks like on the outside and inside, there are many details that tend to be lost in standard photographs. For

There's always a reason to indulge in romance, especially in Durango, CO. Tourists who visit the city often find a variety of date night activities to enjoy with that special person they are traveling with, while residents know that there is no shortage of unique and enjoyable activities to do with a significant other.

These are a few of the best date night locations in Durango:

Four Leaves Winery

Couples who know their grapes and those who simply like to sip on wine love to head to Four Leaves Winery for date night. This boutique winery is located in historic downtown Durango, just across the street from the Durango & Silverton Narrow Gauge Railway Station. While this winery does not grow their grapes onsite, they do import them from the