Nestled along the meandering banks of the famed Elk River less than five minutes from Steamboat Springs, this one-of-a-kind 490± deeded acre ranch with a 7,500± acre U.S. Forest Service lease features outstanding improvements, productive meadows, wildlife, scenery and excellent fishing on nearly two miles of trout-filled water. The lush river bottom is lined with mature cottonwood trees and the balance of the land is in irrigated meadows and upland pasture, together attracting a variety of wildlife. The river has been professionally enhanced to improve habitat and to increase both the quality of fish and quantity of fishable water. The attractive ranch compound exudes rustic western charm, combining custom crafted residential and agricultural buildings of newer construction with fully restored historic structures. The property’s facilities are specifically designed to support equestrian activities as well as sustainable cattle and haying operations. From this ranch’s convenient location at the doorstep of Routt National Forest, the many amenities of Steamboat Springs and the Steamboat ski resort as well as the local airport are all within 5 to 10 minutes.
The May-Wood River Ranch is located five miles northwest of Steamboat Springs, the regional hub of northwest Colorado. From the ranch it is very easy to access town and all the amenities associated with the ski area and this world-class resort venue. The ranch lies next to Routt National Forest with excellent access to a variety of trails and the Mount Zirkel Wilderness. The local general aviation airport is located between the ranch and town, so is less than five minutes away and the regional commercial airport is about 30 minutes.
Getting to the ranch is very easy any time of year. After traveling north from Steamboat on paved County Road 129 for four miles, both the Elk River and the May-Wood River Ranch come into view at Cullen’s Corner. Beginning at this bend in the road and continuing until the main entrance to the ranch one mile further, one can catch glimpses of the meadows of the ranch through the cottonwood trees that line the river. After turning off 129 to enter the ranch by crossing the river on a rare private bridge, the true beauty of the ranch immediately becomes evident.
The property is situated in the Elk River Valley, a beautiful mountain valley extending north of Steamboat Springs. The valley is quite unique in that it is so close to a major ski resort yet is still relatively undeveloped. This valley is not impacted by the railroad tracks, gravel pits and sanitation facilities like the Yampa River to the south. Large working ranches dominate this area and conservation easements protect many of its historical ranches. In fact, there is not another river valley in the state that is as close to a major ski resort and has maintained the undeveloped nature of the Elk River Valley.
Steamboat Springs is a charming community with approximately 10,000 residents. Steamboat is a unique Colorado town, maintaining the perfect balance of a world-class destination resort with all the attendant amenities while at the same time embracing its western heritage and authentic, small-town character. Steamboat is removed enough from I-70 and the front range of Colorado that it has not seen the level of development that the Vail, Aspen and Summit County areas have.
Many of the people who live, work, and play in Steamboat do so because of the diversity and quality of the four-season recreational activities the area is known for. The Steamboat ski area is world famous for its champagne powder and great tree skiing. The town boasts good schools and wonderful restaurants as well as the regional health care center. You won’t find any malls in Steamboat Springs, instead you can spend memorable time at an eclectic array of quality restaurants, galleries, boutiques and shops - many of which are housed in 100-year-old buildings along Main Street.
The May-Wood River Ranch is located at a wide spot in the Elk River Valley just downstream of the mouth of a narrow canyon. A little more than half of the property is either riverfront or irrigated meadows. The balance is upland pasture, with a number of side drainages providing vegetative diversity and additional wildlife habitat. The northernmost portions of the ranch are the highest in elevation, at 7,100 feet and the lowest are along the Elk River as it forms the east and south boundaries of the ranch, dropping to about 6,680 feet. The uplands on the north and westernmost parts of the ranch are gently rolling while the remainder, consisting of river bottom and irrigated meadows, is relatively flat. Overall the ranch has a southern aspect, making it warmer and sunnier in the winter.
The irrigated meadows that make up approximately 240 acres of the ranch are fed by some of the oldest water rights in the area. The uplands are covered with sagebrush pasture dotted with oak trees and scattered aspens. There are a number of benches which provide exceptional views overlooking the ranch and Elk River valley with the mountains in the background. Cottonwood, dogwood and willow trees line the river, providing shade to cool the water and habitat for bald eagles.
The Elk River is a major asset to this area and to this ranch in particular. “The Elk” in general is regarded as an excellent trout fishing river and the stretch on the ranch is well above average. It is nearly two miles in length and of very high quality. The entire stretch of river on the ranch underwent a large-scale professional river enhancement project and the resultant habitat and fishing experience is top notch. The fishing is detailed further in a later section but for now it is completely appropriate to label the river as “exceptional.”
The ranch offers beautiful panoramic views in every direction. The Routt National Forest to the east of the ranch provides excellent views of Rocky Peak and Copper Ridge, with multiple drainages and a wide variety of vegetation. To the southeast - towards town - are the slopes of the Steamboat Ski Resort. Deer Mountain lies to the south and to the southwest the Flat Tops Mountains provide a distant vista. To the west lies the local landmark, Elk Mountain, commonly known as the Sleeping Giant due to its distinctive profile, often playing a role in colorful sunsets. To the north is the aforementioned Elk River canyon and the mountains on either side of the valley.
To the east of the ranch, the Mad Creek Trail and Hot Springs Trail provide access to the Routt National Forest and Mount Zirkel Wilderness for another recreational dimension. There is a broad network of trails that allow hiking, horses and bicycles but no motorized vehicles (no bikes in the Wilderness either). There are a variety of loop trails of varying difficulty. One could hike to a beautiful alpine lake, then connect with the Continental Divide Trail for a view of the region from the top of Mount Ethel at 12,000 feet, scout some of the best elk hunting areas in the state, quickly check your cows on the ranch’s forest grazing allotment, and then stop by Strawberry Park Hot Springs for a relaxing soak before returning to the ranch for dinner. To be able to hike or ride right off the ranch and access hundreds of thousands of acres of forest and wilderness for hunting or recreation is another distinctive attribute of this property.
Deeded Acres: 490± Acres
U.S. National Forest Lease: 7,500± Acres grazing allotment (approximate acreage)
Total Acres: 7,990± Acres
The May-Wood River Ranch enjoys a permit to graze livestock in a large area of adjacent Routt National Forest land. The lease allows the ranch to turn out up to 100 yearlings or 69 head of cow/calf pairs for the summer months. Historically the livestock would graze or be fed on the ranch during the winter, spring and fall, then moved to the forest permit during the summer months to allow the ranch to grow and harvest its hay crop. The area encompassed by the Elk Park permit is approximately 7,500 acres, is accessed from the ranch on the aforementioned Hot Springs Trail and is outlined in the area map included with this prospectus. The seller is willing to relinquish his position in the lease, and pending approval by the Forest Service, the lease will transfer to the new owner. The ranch leases a small triangular parcel of land of approximately 5 acres that lies on the west side of the river for a nominal fee. That property is owned by the neighbor whose house and historic cabin are on the east side of the river. The 5 acre parcel is not fenced separately and the May-Wood River Ranch owner is allowed to graze and fish it per their agreement.
The improvements at the May-Wood River Ranch are befitting of such an impressive property. In a remarkably complimentary way, they incorporate the spirit of the Old West with the comforts of the New West. The palette of stone, timbers, and weathered wood has a gentle patina that blends beautifully with the surroundings. The structures are very tasteful, timeless and appropriate. All the buildings on the ranch were either recently constructed or are historic structures that were rebuilt in the last five years.
The ranch headquarters area is situated along the banks of the river, just across the bridge from the county road. The residential and agricultural buildings of the ranch are located in this compound, oriented around a circular drive. In the center of the drive next to a massive flagpole is an historic cabin, a remnant of the former ranch that has been completely rebuilt. This cabin is sited next to a small creek that meanders through the ranch headquarters, and is accessed by a handcrafted walking bridge. To the north and west are the house, cabin, theater, shop and garages and at the other end of the ranch compound are the barn and corrals.
All the buildings feature very high quality materials and craftsmanship. The attention to detail is evident everywhere. Rough-hewn plank flooring add a rich compliment to the aged look of the custom built barn wood cabinetry, doors and trim. Exposed timbers and a variety of natural stones were used around kitchens, baths, fireplaces and entries of the residential buildings.
A NOTE FROM THE ARCHITECT
“Designing the new ranch headquarters for the Wood family was an uplifting experience. It was refreshing to create a compound where the residential spaces are spread over a number of discreet structures instead of amassed in one conspicuous home. I take great pride in our ability to integrate the history of the former ranch with new more efficient and sustainable construction, creating a truly state of the art homestead that will stand for generations.”
– Joe Patrick Robbins, AIA
The buildings are also low impact and low maintenance by design. The exteriors are made of stone, rustic barn wood and rusted standing seam steel roofs. The construction materials were mostly sourced from Colorado and many were recycled on site from the former May Ranch headquarters. Gravel from the ranch pit was used to construct the interior roads and for building site work so trucks did not have to travel back and forth to distant pits.
The ranch residences were designed to be efficient and minimize wasted space. As was practiced historically, the headquarters features a number of smaller residences in one compound instead of one large house. This turns out to be very functional and aesthetically pleasing, and works well for guests who can have their own space but still be close together.
State-of-the-art technologies were used in updating the ranch as well. The property features underground power and fiber-optic telephone and internet. There are multiple new wells and wastewater treatment facilities.
Very functional two story, 2,674± sq. ft., four bedroom, four bath house. Highlights include a river rock fireplace, barn wood ceilings, lots of windows and a beautiful kitchen with stone slab countertops, center island and an antique stove and refrigerator.
Named after Jeremiah Johnson, this 1,080± sq. ft. cabin has a large open kitchen, dining and living area, two bedrooms, rustic bath and inviting outside deck spaces. The cabin features massive wood beams, and custom weathered barn wood trim and cabinetry.
This is the historic cabin which lies in the center of the ranch headquarters. The 1-½ story cabin was originally built on the May’s Mystic Ranch near Elk Mountain in 1912 and moved to the River Ranch. The 616± sq. ft. sawed-log cabin is highlighted by a river rock fireplace, vintage kitchen, modern bath and romantic loft. The cabin is accessed by a hand built footbridge to cross over a creek bed.
Originally built in the 1930s by the May family, this historic barn was restored into a theater room and place for events such as meetings or parties. When being reconstructed, the structure was strengthened so the former low ceiling could be removed, which dramatically opened up the interior. Horseshoes shaped into the May Ranch brand (S – S) are still hung above the sliding barn door, where they have been for eight decades.
Heated 2,828± sq. ft. shop building with two 48’ drive-through bays with floor drains and 14’ by 14’ doors on either end. The shop features a nicely finished attached office with a half bath.
Large 3,428± sq. ft. storage building with two 72’ drive-through bays with floor drains and 14’ high doors on either end as well as two additional 10’ doors.
35’ by 120’ building for storing tractors, implements, snow cat, etc. This is located by the ranch gravel pit and is not visible from the main compound.
The showcase 3,047± sq. ft. barn has four indoor stalls, tack and vet room, large finished office, and bath with shower on the main floor. The upper level is finished into guest quarters with 967± sq. ft. of nicely finished space. The facility includes covered corrals totaling 7,797± sq. ft. with scale, pens, chutes and pipe fencing, for a total area under roof of approximately 12,021 sq. ft..
A large outdoor horse arena is approximately 300’ by 150’. The area features pipe fencing and a return alley making it perfect for friendly roping competitions.
The May-Wood River Ranch boasts an attractive year-round climate. The summers are moderate with cool nights and the winters are relatively mild for a ski resort location. The property is easily accessed every month of the year. The elevation of the property ranges from approximately 6,680 feet along the river to around 7,100 feet at the highest point. Due to its location at the base of the west slope of the Continental Divide, the Steamboat Springs area receives more precipitation than the average for Colorado, enjoying 24 inches of average annual precipitation. Temperatures range from an average high of 82 degrees in July, the warmest month, to an average high of 27 degrees in January, the coldest month. The area also benefits from abundant sunshine and little wind.
The ranch is currently leased to a local rancher who is running approximately 40 head of cow/calf pairs. The hay harvest has been averaging about 400 tons of quality mountain grass hay without fertilizer. The lessee takes great care of the ranch, maintaining a healthy balance between cattle and the riparian environment, including some weed spraying as needed. He also manages the irrigation water during the season, which is delivered by gravity flow through ditches and applied to the fields by flood technique. In the winter he feeds by horse drawn sleigh, as was done 100 years ago.
The ranch is also well suited for equestrian use, with a roping arena, horse pastures and unlimited riding opportunities on the ranch and in Routt National Forest. The ranch employs a caretaker who lives on the ranch with his wife, oversees the property and takes care of the grounds. Both the agricultural lessee and the caretaker are exceptional people and are interested in continuing to work for the next owner.
The May-Wood River Ranch is well suited for the wildlife enthusiast as well as big game hunter. Wildlife most often seen on the ranch include elk, mule deer, black bear, fox, snakes, grouse as well as passing waterfowl, eagles and other raptors. The habitat and protected nature of the property along with its location adjacent to Routt National Forest serve to attract elk and deer, especially to the meadows and the riparian area along the river.
In addition, the Mad Creek and Hot Springs trailheads provide direct access for big game hunting in the large block of Routt National Forest and Mount Zirkel Wilderness that is just east of the ranch. The May-Wood River Ranch offers the rare ability to saddle up horses and ride from the ranch directly into these wild areas. If so inclined, one could ride very deep into the wilderness of GMU 14 where the elk and deer rarely see humans.
The beauty of the Elk River is complemented by its status as a great rainbow and brown trout fishery. As a main tributary of the Yampa River, the Elk drains to the west side of the Park Range and the Mount Zirkel Wilderness and portions of the Elk Head Mountains. The Elk River is a fertile, medium gradient, freestone river; a wild river without any main stem impoundments. The Elk flows through predominately private ranch land and is not heavily fished due to limited public access.
The May-Wood River Ranch features an exceptionally beautiful stretch of the Elk River that provides outstanding trout fishing beginning a few steps from the main residence and cabins at the ranch headquarters. The Elk River flows along the eastern boundary of the ranch for about one mile and then forms the southern boundary for nearly another mile. The upper stretch is a little straighter and higher gradient and the lower reach is a little lower gradient with more bends. Both stretches of the river offer a high quality fishing experience.
The ranch underwent a large scale river enhancement project on the two mile stretch of the river that has dramatically improved the fishing. The fishery improvements were conducted by CFI Global Fisheries Management in 2008. CFI is well known for their skill with natural river restoration and enhancement. They studied, designed and created a vastly enhanced fishery and fishing experience. CFI rearranged structures and added depth to hold fish but also retained riffle communities for macro invertebrate life to thrive and sustain a healthy trout population. The result is a superb river that is a joy to fish and looks natural — not contrived. The quality of the design and implementation was proven when the Elk River experienced historic flooding due to a record snowpack in 2011 and a drought in 2012. Even after these widely fluctuating flows, the newly created structures worked as intended under both extremes, providing refuge during high flows and deep cool pools during low flows.
From an angler’s perspective, the Elk River on the property offers a surprising amount of diversity. The May-Wood River Ranch features a great mix of runs, pocket water, glides and deep pools that offer a full menu of situations requiring a variety of presentation techniques and levels of angling expertise — from beginner to expert. The river is also characterized by many large boulders which make great platforms for casting and help to oxygenate the water as it rolls over and around them. There are a variety of bugs, with various species of stoneflies present year-round and caddis and mayflies very active in the warmer months. Streamers stripped across the current work well during higher flows and fish will explode on hoppers and attractors in the lower flows of summer. The average size of trout caught on the ranch is in the 14 to 18 inch range and many fish reach over 20 inches.
The water quality and superior habitat found in this stretch of river is evidenced by the presence of stoneflies, which are an excellent indicator species for the biological health of a stream. Stoneflies in general are intolerant of degraded habitats and poor water quality. The presence of multiple members of the stonefly family indicates that both the habitat and water quality are in excellent condition. In addition, stoneflies contribute to the overall forage base considerably due to their enormous size.
In sum, the professional enhancements and resulting high level of habitat quality elevated the Elk River on the property from being a “good” trout fishery to an “excellent” trout fishery. It is without question one of the very finest fishing properties located on the Elk River, which is in turn one of the best rivers in the state.
A NOTE FROM CFI
“This strategically and thoughtfully enhanced fishery has become one of the most productive aquatic environments in the region, and now boasts some truly amazing angling opportunities. Looking into the future, the potential to create new streams and ponds with the existing water rights makes this ranch even more unique and valuable.”
- Shannon Skelton, President of CFI Global Fisheries Management
A multitude of recreational opportunities are available within the boundaries of the May-Wood River Ranch as well as in the immediate vicinity. The proximity of the ranch to the ski area, Steamboat Springs, Elk and Yampa River drainages, Routt National Forest and Mount Zirkel Wilderness make it very convenient to take advantage of the abundant nearby recreational opportunities. Summer activities include outstanding boating, floating, fishing, hiking, biking, riding and exploration of vast national forest and wilderness acreages adjacent to or within a short distance of the ranch.
The focal points of winter recreation are the Steamboat ski area and extensive snowmobiling opportunities. With nearly 3,000 acres of skiable terrain, Steamboat is one of Colorado’s largest areas and most family friendly large resort. For those more interested in motorized winter recreation, northwest Colorado is the top destination in the state for snowmobiling, with groomed trail systems around Steamboat Lake, Buffalo Pass, Rabbit Ears Pass, the Elk Heads and the Flat Tops. Other winter activities include snowshoeing and Nordic skiing. The flat meadows of the ranch are the perfect venue for a skate skiing trail system.
From its beginnings as a Native American gathering place before the area was settled in the 1800’s, the location of the ranch is steeped in history. Records show the main ranch was originally acquired from the federal government in 1890. A local homesteader named Fredrick May had accumulated a sizable ranch further up the valley and had longed for the water and productive meadows of this ranch by Cullen’s Corner. In 1928 Fred was able to acquire the 380± acre property and it became the anchor for the family’s S-S brand. At that time, there was no electricity or indoor plumbing and only a seasonal foot bridge to cross the Elk River.
Spanning four generations and eight decades, the May family worked the land, raising cattle, hay, milk cows, chickens, pigs, geese, vegetables and fruits. In 1960 Fred’s son Bill and his wife Cynthia took over the ranch and continued its operation. Recognizing the historic and scenic values of this landmark property, Bill and Cynthia placed a conservation easement on the property in 1997 to protect it in perpetuity. The land remains privately owned and no public access has been granted. Certain development rights have been erased and others retained. The easement protects and preserves the wildlife habitat, natural plant communities, open space condition and scenic values of this iconic property.
After Bill and Cynthia retired from ranching, the Wood family acquired the ranch. The Woods subsequently purchased the neighboring Hagemeister property to the south, adding another mile of Elk River and securing the adjacent irrigated meadows and water rights. Seeking to ensure that all of the river and meadows remained under one owner, they added the additional acreage to the conservation easement. After another acquisition to the north which added an additional stretch of river and another building site while protecting the area around the ranch headquarters, the ranch reached its current size of 490± acres.
During their ownership, the Woods undertook an extensive program to clean up and improve the ranch. Many truckloads of dilapidated structures and junk were removed while being especially careful to preserve mature trees and recycle materials when possible. Two historic buildings were painstakingly disassembled and rebuilt with modern techniques so they are brand new but look 100 years old. Additional new buildings were constructed at the ranch headquarters. The supports for the historic bridge were strengthened so that it could continue to serve as the entrance to the ranch. The domestic water and sanitary systems were rebuilt. Irrigation ditches were rehabilitated as was the full two mile stretch of river. The existing roads were upgraded and some new ones were built. Completely new fencing was installed throughout the ranch, including swinging gates and additional fencing along the riparian area to keep the cattle out of the river.
Over the decades, the stewards of this ranch have been good to the land. From the historical roots of the May family’s ownership through the transformational investments of the Wood family, the property has been well managed and thoughtfully maintained with an eye towards preservation. The result of these efforts is an exceptional turnkey property that offers historical presence with modern luxuries.
Property taxes due in 2013 amount to $13,704.92 for the 490± acre ranch. The majority of this relates to the value of the improvements, as the land is considered agricultural and therefore taxed at a very low rate.
The ranch is well watered, owning a total of 11 different water rights. Most of the rights are senior, with appropriations dating back to 1888. There are nine ditch rights totaling 23.4 cubic feet per second of water for irrigating the hay meadows. These rights irrigate approximately 240 acres and the water is sourced directly out of the Elk River. Unlike many ditches that flow from ranch to ranch, the May-Wood River Ranch owns all of the water in its ditches. This means that the ranch does not have to travel through another property to access a headgate and no one has the need to enter the Wood Ranch to maintain their water right. In addition to the irrigation rights, there are two spring rights totaling .066 CFS. There are also two wells. All appurtenant water rights owned by seller will be conveyed to buyer at closing.
Any and all appurtenant mineral rights owned by Seller will be conveyed to Buyer at closing.
Some of the outstanding photography herein was provided by Annie Dore. (Contact information is available upon request.)
The May-Wood River Ranch is exceptional among Colorado river ranches in resort locations. It is unique to find such a breadth of desirable features in one complete and manageable package. It is also rare to find a turnkey property outfitted with very high caliber buildings that are not in need of any updating and are ready for immediate enjoyment. In short, this is a very compelling river property for the price range, offering high quality improvements, outstanding trout fishing, a picturesque setting and a multitude of recreational opportunities with an extraordinarily convenient location.
Hall and Hall is acting as a Seller’s Agent and will cooperate with other agents acting as a Transaction Broker or Buyer Agent only.
MANAGEMENT SERVICES – Hall and Hall’s Management Division has a very clear mission–to represent the owner and to ensure that his or her experience is a positive one. Services are customized to suit the owner’s needs. They often begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight, and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a management firm representing them and providing advice on local area practices and costs. Wes Oja and Jerome Chvilicek at (406) 656-7500 are available to describe and discuss these services in detail and welcome your call.
RESOURCE ENHANCEMENT SERVICES – Increasingly the value of a ranch is measured by the quality of each and every one of its resources. Coincidentally, the enhancement of a ranch’s resources also increases the pleasure that one derives from the ownership of a ranch. Our management services have included the assessment of everything from wildlife habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the enhancement of these resources. Wes Oja, Jerome Chvilicek or Dan Bergstrom at (406) 656-7500 are available to describe and discuss these services in detail and welcome your call.
AUCTIONS - Hall and Hall Auctions offer “Another Solution” to create liquidity for the owners of Investment-Quality Rural Real Estate. Our auction team has experience in marketing farmland, ranchland, timberland and recreational properties throughout the nation. Extreme attention to detail and complete transparency coupled with Hall and Hall’s “Rolodex” of more than 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at each auction. In addition, the unique Hall and Hall partnership model creates a teamwork approach that helps to assure that we realize true market value on auction day. For more information on our auction services contact Scott Shuman at (800) 829-8747.
APPRAISALS - Staying abreast of ancillary market influences in ever-changing economic conditions requires a broad professional network to tap into. Finding an appraiser who not only understands the numbers but also the differences in value from one area to another is a critical part of making an informed decision. The appraisal team at Hall and Hall, formed entirely of Accredited Members of the American Society of Farm Managers and Rural Appraisers (ASFMRA), has that critical network of brokers and lending professionals. This professional network coupled with diverse experience across multiple regions and market segments allows our appraisal team to deliver a quality product in a reasonable timeframe. For more information contact our appraisal team at (406) 656-7500.
SPECIALIZED LENDING - Since 1946 Hall and Hall has created a legacy by efficiently providing capital to landowners. In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects of placing loans on ranches where value may be influenced by recreational features, location and improvements and repayment may come from outside sources. Our extensive experience and efficient processing allows us to quickly tell you whether we can provide the required financing.
Competitive Pricing | Flexible Terms | Efficient Processing
Tina Hamm • (406) 656-7500
Mike Hall or Judy Chirila • (303) 861-8282
Monte Lyons • (806) 698-6882
J.T. Holt • (806) 698-6884
In Colorado, Buyers should be aware that different real estate brokerage relationships are available which include seller agency, buyer agency or transaction-brokerage.
BROKERAGE DISCLOSURE TO BUYER
Definitions of Working Relationships:
A seller’s agent (or listing agent) works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller’s agent must disclose to potential buyers all adverse material facts actually known by the seller’s agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.
A buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer. The buyer’s agent must disclose to potential sellers all adverse material facts actually known by the buyer’s agent including the buyer’s financial ability to perform the terms of the transaction and if a residential property, whether the buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer.
A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer’s financial ability to perform the terms of a transaction and if a residential property, whether the buyer intends to occupy the property. No written agreement is required.
A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the party’s agent or as the party’s transaction-broker.
Please contact one of the Hall and Hall brokers for a complete discussion of potential working relationships for this property. A written relationship disclosure will be provided to a prospective buyer prior to engaging in brokerage activities as defined by the Colorado Real Estate Commission.
NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classifications, acreages, carrying capacities, potential profits, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced.