molly@cbmp.com
    (970) 209-4234

Molly Eldridge - Crested Butte RealtorMolly Eldridge - Crested Butte Realtor

Molly Eldridge - Crested Butte Realtor

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Purchasing a Second Home or Investment Property

Now is a great time to consider a property in the Crested Butte area for a vacation home or investment.  Currently the prices remain low, but our inventory is lower then it has been recently so that could start to change soon.  Also, if you would like to finance part of your purchase, the rates remain at historic lows for the time being.

 

As with any purchase, you need to determine what you can afford and what type of property you would like to own.  These may change as you work through your search so be open to properties that your agent suggests even if they don’t seem perfect at first glance.  Homeowner’s association dues and property taxes are expenses that can vary from property to property so be sure to take those into account as you look at things.

 

If you are planning to take advantage of the low mortgage rates please be aware that the process is a little more challenging then it may have been the last time you got a loan.  Regardless of how well qualified you are they will require quite a bit of documentation from you to determine that.  Lenders are also looking very closely at properties right now.  That means the appraisal is important, but also if you are looking at buying something that is part of a Homeowners Association, the financial stability and physical condition of the property overall will be taken into account.

 

One thing I hear all the time is that the Colorado Contract to Buy and Sell Real Estate is very long as compared with the same document in other states.  I would be happy to send you a blank one for your review or sit down to go through it with you.

 

Finally, once you have found a property to purchase you need to think about making sure it stays in good condition when you are not hear to keep an eye on it.  For any property (except vacant land) it is important to have someone who will make sure the heat is working, that the snow hasn’t built up too high and that everything is as it should be.  There are a number of companies and individuals who can provide caretaking services and/or help you with vacation or long term rentals.   Most will tailor their services to your needs from simply walking through your home or condo once a month to stocking the house with groceries and picking you up at the airport.

 

About Molly

Molly Eldridge is the Owner and Managing Broker of Red Lady Realty in Crested Butte, Colorado. I work full time with buyers and sellers in the area. The Crested Butte and the Gunnison Valley have been home since 1997 and I have been selling real estate here since 2006. My favorite part of my job is talking about & exploring this special place with buyers and sellers.

Testimonials

Even when the market was slow, Molly always kept us updated on market changes so we could make the best decisions on selling our house. Anytime we had a question or needed information, the follow up was always timely and complete.

W & P Rickards

She gave us good counsel throughout and always handled our side of the transaction cleanly. Thanks Molly!

Dave & Ellyn

Molly is true professional- thorough, knowledgeable, responsive, a great problem solver and a tough negotiator. She is very well connected in the Crested Butte community and uses those resources to facilitate a smooth transaction. Most importantly, I always felt like she was truly watching out for me. Highly Recommended!!!

Kelly G

Molly is a top-notch realtor! She helped us every step of the way to find our perfect property. She is smart, patient, knowledgeable, and professional. We would certainly use her again, and would recommend her to anyone who wants to buy or sell a home.

Geoff & Krista

Molly’s great. We’ve worked with her through three transactions, both buying and selling, and couldn’t be happier. She knows CB real estate inside and out. When it comes to buying, she listens and is very good at zeroing in on what sort of property will work for you, and as far as I can tell

Rob Z

Working with Molly was an outstanding experience. Molly understood our quirky interests and helped us find the ideal piece of real estate. Then, she expertly guided us through the process to closing, including talking us down from few ledges. We are delighted to have worked with Molly and look forward to future adventures in CB

Kate & Matt

We recently sold our condo with the help of Molly Eldridge of Red Lady Realty. She did a great job representing our interests in a timely way, doing everything she could to expedite a complicated sale. She is extremely knowledgeable and definitely willing to go the extra mile to assure that any issues are quickly

K & C Duncan

She found exactly what we were looking for and we purchased the home. Our offer was submitted promptly and negotiations were quick and accurate. Molly was very helpful during the due diligence as we are not Colorado residents.

Roger & Darcie

Molly is wonderful! She is very “down to Earth” and incredibley knowledgeable of the local market. Her mailers/emails are very informative, and demonstrate her grasp of what’s happening here in CB at this precise moment.

Kory

Molly has been a terrific agent for us twice — helping us sell a condo in Crested Butte a few years ago and more recently helping us sell a 4-bedroom home. She has exhibited exactly the right balance of aggressiveness and patience with us and on our behalf.

Brad & Laura

Molly was knowledgeable of the area and she stuck with us to get our condo sold. If we ever are looking for property in the future in the Crested Butte area we would call on her.

Karen

This is an excellent agent, I was one until 2007 for 36 years. We had a really small value lot to sell in bad time and she hung in there and sent me market information about what was going on almost every month.

Sandy Williamson

Molly was great to work with! She was always responsive and provided info along the way that left me reassured that my condo would sell at the selected price. Thanks Molly!

Vic

We’ve used Molly on two transactions and she closed a deal with some good friends of ours too and we are very happy with her real-estate skills. We’ve bought two houses through her and are currently trying to sell one of them. I highly recommend Molly and her company Red Lady Realty!

Bob & Steve

Molly is a true real estate professional and was instrumental in purchasing our property. Buying a property can sometimes be challenging but Molly made the process easy. Molly’s knowledge of the market, recommendations on the steps to follow throughout the buying /closing process and her answers to our questions and concerns made the entire process

Jim & Gayle

We had a small time window, specific needs, and a very limited budget to purchase a condo in a rising market. If it were not for Molly’s attentiveness we would have missed our opportunity to move to our dream location. Molly understood exactly what we were looking for and notified us of the place we

Joe & Kelsey

Molly was the key to finding and buying our new CB house. My wife and I had looked at properties with Molly for three summers before really being ready to commit to another Colorado house. Each time she was knowledgeable, informative, and patient. She was always available and flexible. When we finally found what we

David & Susan Light

We decided to list our Links Lane Condominium with Molly. Molly was helpful and professional throughout the whole listing process. Anytime we had a question or needed information, the follow up was always timely and complete. When the market was slow, Molly kept us updated on market changes so we could make the best decisions

Reagan & Kyle Kneese

We first met Molly when she worked with the property management company who rented and took care of our home. When she became a Realtor she communicated with us, but we decided initially to list our home with another agent. She was persistent, professional and helpful so eventually we listed our home with Molly. Even

W & P Rickards

Molly worked with us for over two years to find the perfect home for our family and budget. She exhibited tremendous patience as we continually refined what we wanted, as well as flexibility to show homes at a moment’s notice. Her knowledge of the local real estate market and genuine enthusiasm when we found the

Torrey & Rosemary Carroll

Molly worked with us for 4 years to find the right house in Crested Butte. We visited and looked at property in each season of the year. Her advice was invaluable as was her knowledge of neighborhoods and the town. She guided us through the purchase and got estimates on repairs needed for the property

Wil Hamilton & Jackie Bird

Molly was absolutely critical to helping us find our new home in Crested Butte. Although we had identified all of the “must haves” we needed, we were buying from out of town and had to rely on Molly to identify properties to view during our short weekend visits. Working with Molly via email and phone

Steve & Larry

We were looking forward to searching for a domicile in Mount Crested Butte for getaways with our family. Molly helped us navigate through the listings and showed us properties which matched our desires and stayed in our price range. We ended up with a great place to enjoy our time in Colorado and could not

Dave & Jenny

Choosing Molly Eldridge as our Realtor for the recent purchase of a Condo has given us the opportunity to work with a true professional. Molly not only walked – and talked – us through all the different steps along the way, but she also went above and beyond the basics by providing valuable information our

JD & Veronika

Dear Molly: Thank you for your assistance with my recent property purchase. I appreciate the time, effort and persistence you put into managing this purchase. Not being too familiar with the area, and living out of town, I was able to rely upon your timely and accurate communication to research and understand what I was

Todd Wiseman

Contact Us

215 Elk Avenue, PO Box 190 Crested Butte, CO 81224

(970) 209-4234
molly@cbmp.com
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