Castle Hill Realty: Your Home for Mount Snow and Southern Vermont Real Estate
General Real Estate
While Castle Hill Realty is a typical multi-service brokerage firm, we have adapted
to the economy. At this time, we are specializing in tracking down great Vermont real estate
investment property including homes, land and commercial space (see DISTRESSED PROPERTY)
below. Generally Castle Hill Realty will act as a buyer broker in order to assure
purchasers that they will receive the best prices and terms attainable.
Experience
Brian Palmiter is owner/broker of Castle Hill Realty and he has been
involved in ordinary and distressed property for twenty five years. Brian's
experience as a real estate broker, home builder and developer is of great
importance when negotiating complicated transactions. Our agents and staff are
also seasoned professionals with lot's of experience in the Southern Vermont and Mount Snow real estate market.
Distressed Property
Distressed property can be a variety of different properties that for various
reasons (mainly financial) provide buyers with the ability to acquire homes, land
or commercial real estate at significantly lower prices.
- Foreclosure is the legal proceeding in which a mortgagee or other lien holder,
usually a lender, obtains a court ordered termination of a mortgagor's equitable
right of redemption.
- Short Sale is a sale of real estate in which the proceeds from the sale fall
short of the balance owed on a loan secured by the property. The bank or mortgage
lender agrees to discount the loan balance.
- Tax Sale - If an owner of property does not pay the property taxes, the town
may eventually auction off the property. The original owner has a year to pay
the tax bill and redeem the property rights. The auction purchaser receives an
annualized 12% interest within the next year. If the original owner does not eventually
pay the tax bill, ownership vests in the new owner.
Purchasing Distressed Property
Listings and information on available real estate that would fall into the distressed
category will not be shown on this site. If you Contact Us and sign a Confidentiality
Agreement, we will disclose properties that may interest you.
Castle Hill Construction
Castle Hill Construction is affiliated with Castle Hill Realty and builds a
variety of high quality homes and commercial projects.