Welcome back to this week's Ski Summit Show, where we discuss the latest news, updates, and tips surrounding the Colorado mountain real estate market. In this episode, Matt Dayton with Cornerstone Real Estate and his producer Benji dive into the recent development concerning Summit County's potential legal battle over short-term rental regulations. As always, we offer valuable advice for homebuyers, and answer the question of the day.
Watch this week's episode below:
Short-term Rental Regulations in Summit County
Summit County officials are preparing for possible litigation from property owners over the county's recently-passed regulations on short-term rentals. The new regulations include caps on short-term rental licenses in unincorporated parts of the county, as well as a 35-booking limit for properties.
Due to the potential litigation, county officials have recommended that no further changes be made to short-term rental policies until the situation becomes clearer. However, the 35-booking limit and license caps will still move forward and take effect when licenses are up for renewal in September.
Despite the possible legal challenges, Summit County's attorneys remain confident that the regulations will be upheld, stating that they believe the claims that have been threatened are without merit.
Real Estate Tips: Making an Offer
In this episode, we also discuss an important piece of advice for homebuyers: making an offer even when a property isn't perfect. Many buyers wait for the ideal property that checks all the boxes, only to be outbid by numerous other buyers. Instead, Matt suggests considering properties that may have some give and take, as it could potentially save you money in the long run.
Question of the Day
Lastly, we answer the question of the day: "If you could live anywhere in Summit County, where would you live?" Share your thoughts and preferences in the comments section of the video!
We hope you enjoyed this week's episode of the Ski Summit Show. Don't forget to like, share, and subscribe to stay up-to-date on everything Summit County real estate. See you in the mountains!
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