Jackson Hole Residential Property and Real Estate

Residential Property for Real Estate in Jackson Hole

Overview by Broker : Ronald Miller

Many Real Estate agents and Brokers simply do not understand what a Real Estate Investment is. Our Real Estate Residential statistics reveal the sales in the Town of Jackson and in Teton Village Real Estate markets have very high average prices of well over $600,000. To analyze whether it is an investment or not it has to be put to a series of questions and answers to in fact discern it. A buyer must know if it is a good or bad one. A Jackson Hole appraisal can be the best way of determining the accurate values or a Jackson Hole Broker may be able to assist you. These are very key questions and answers to understand the markets and valuation of a Residential property.

Rental Home and Condominium Property

Our companies here in Jackson Hole occasionally buy rental homes, townhomes and condominiums that make sense. This is the common and most practical investment vehicle for most of our buyers. The Teton Village luxury properties perform better than the other short-term rental properties in other regions of the valley. Teton Village Wyoming is our major ski resort that is undergoing expansions at this time. Our Resort rental market is much stronger than many other Resort rental markets. This is due to the large summer population visiting Grand Teton Park and Yellowstone National Park. Our property manager provides average rental statistics for our clients to assist them in making a residential investment decision. Most buyers enjoy ownership of a rental house as an investment so they can use the property as a vacation house and also receive a return on the investment through rental income.

1. Question: Why should I be an investor in this marketplace?

Answer – We recommend investment in many properties including hotels, motels, lots, condominiums and homes. You can use the property as well as receive income on an appreciating asset. Properties have enjoyed appreciation of properties for years in Teton County

2. Question: Am I too late to get in on good investments in Jackson Hole?

Answer – We truly believe the best investments are yet to be realized in Jackson Hole, Wyoming. A good well -trained Real Estate agent can usually find a property that meets your budget and provides a great vacation retreat.

3. Question: Can I really afford to buy in Jackson Hole?

Answer – You may be surprised to know that you can afford to buy if you go to a local bank and go through the application process. We recommend putting an offer in contingent upon financing and the bank takes over from there. They are in business to make loans on property and can assist a buyer to understand his or her Estimated debt coverage ratio. You will never know if you can afford it if you do not try.

4. Question: Are there any fair prices or good deals out there?

Answer – We have recently been finding properties for customers that are awesome cash flow investment vehicles. We do not recommend you buy for appreciation and carefully try to project what we can do with a property to increase cash flow each year. Appreciation is not a guarantee so we like properties that perform well on our property management program and have sufficient cash reserves to get through hard times. The good news is that your property probably is appreciating rapidly as our property manager increases the actual rental statistics and cash flow each year.

5 Question: Can your company help us cash flow these investments at the higher Real Estate prices?

Answer – The cash flow is sometimes tight but this is the key to the most lodging properties. Using the income approach to buying has produced big results fast for many buyers. Our management system backed by our superior web marketing company created in 1997 called Jackson Hole Reservations is growing each year. Jacksonhole.net is our domain that brings all the reservations we need to keep our properties at the highest occupancy level all year round. The web site does so well that we have also become a prominent local wholesaler of Jackson Hole condo rentals and home rentals for other property managers in Jackson Hole with over 3.5 million in rentals to date in 2004.

5. Question: Does your smaller company have any advantages if we put our house on your property management program in Jackson Hole?

Answer- Our large reservation call volume and lower amount of inventory has let us serve our owners and visitors better. Our efficiency helps save owners money and keeps the guests happy.

6. Question: If I buy a second home in Jackson Hole for a million dollars can I sell it for 2 million a few years later.

Answer – Maybe, but appreciation is not the only thing to consider. Investment property should have active cash flow from rentals to truly be an investment . In most cases the owner does not enjoy depreciation that is enjoyed by true investment property owners. Most Realtors will tell you they are all great investments for appreciation reasons, but we are cautious of telling folks that. The truth is that large second home properties can be the worst investments if the economy falls out for any reason. Several properties bought by high-end buyers in the late 90's are now on the market and selling for what they paid or less.

Risk on cash flowing lodging properties and risk on speculation homes are completely different risks. The spec homebuilder risk depends on a wealthy person to step forward and write a full price offer. Rental property risk depends on whether 2.9 million visitors come to see Yellowstone and Grand Teton Park and need a luxury rental. Many investors take too many risks on these and end up with huge capital expenses if the buyer is not there for any reason.

8. Question : How do I get started?

Answer - Call us or e-mail our real estate agents or broker. We have 5 agents on staff that are very knowledgeable and can also help you if the broker is not available for any reason. We usually overnight your group a package and follow up with a call to guide you through the process of selecting the best property to meet your needs. Thanks for coming to our site and please give us your feedback so we can better serve you in the future.

Residential investment real estate is an awesome business with the right people in charge to run it. We are perhaps the manager you are looking for to assist you with purchasing or perhaps partnering in an investment property in Jackson Hole.

Thank you

Ronald Miller

Call our local field office at 800-687-1154 or Ron Miller directly at 307-690-6331. You can also email ron@jacksonhole.net directly for any questions or concerns you have.