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You probably know about condos and single family homes, but have you heard of a condo-tel? A condo-tel is a condominium project that is operated as a hotel with a lobby, registration/front desk, cleaning services and more.

The units are individually owned (like condos) but there is a rental desk onsite. Owners have the option to place their unit in an onsite rental program and have it rented out like a hotel room for nightly rentals. Ownership in a condo-tel is generally for a second or third home.

Yotelpad is the latest condo-tel development in Mammoth Lakes, but there are dozens of condo-tels here: the Westin Mammoth, The Village at Mammoth, 1849 Condos, St. Anton, Seasons IV and Mammoth Estates, just to name a few. Basically it’s no different than any other condo project, but because there’s a front desk, there’s a difference in financing options.

Desk in a hotel room with a Macbook, water bottle, phone, lamp and coffee cups on it

Condo-tel financing can be challenging but it isn’t impossible. Financing on these types of properties started to retract in 2008 because of an opinion by financial institutions that condominium loans were tied to larger than normal losses or defaults.

Although restrictions are loosening up a bit, traditional lenders are usually not an option for condo-tels. Non-traditional options are available — you just need to know where to look. As long as there is one bedroom and it’s at least 500 square feet, you should be able to get a loan. A down payment of at least 25 percent is usually required, and although the rates can be pretty competitive, they tend to be slightly higher than what you’d be able to secure on a 30-year fixed loan on your primary home.

Your real estate agent should be able to walk you through what’s classified as a condo-tel and what’s not and direct you to financing options if you’re interested in buying a condo-tel property in Mammoth Lakes.

For more information on buying a condo or condo-tel in Mammoth Lakes, check out my Ultimate Home Buyer’s Guide. Give me a call if you’d like to talk: (760) 914-4664.

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Open House Today! Come see this incredible property for yourself!

44 Wagon Wheel Drive
Sunday, October 2
4 PM - 6:30 PM

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Fall is here! Happy colors in the mountains!

I don't think most people realize how beautiful it is -- nice weather, fewer people and fall colors. So much to love!

Go to Mono County Tourism to sign up to find the best places to see the beautiful fall colors!

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Late Friday afternoon walk with our 2 houseguests. #lovewherewelive #mammothlakes #visitmammoth ...

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Sonja recently helped me purchase a condo. My experience with her was only positive. She's knowledgeable, thorough and friendly. She is the consummate professional and the standard to which I would hold any real estate agent. - Alexander R.

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Time isn’t always on your side, especially if you’re trying to time the real estate market.

Some homeowners postponed selling while they waited for prices to hit their peak. Here’s why you shouldn’t wait any longer:

💲The market is unpredictable — even experts can’t guarantee what it will do next!
☑️ You could pay more to buy your next home the longer you delay.
🤝 It’s still a great time to sell, but rising mortgage rates are beginning to slow down demand.

You can’t control the real estate market — but you can control when you put your home up for sale 🏡

Contact us to start a conversation about the right time to make your move.

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BIG bright windows are the main attraction in this spacious 2 bed/2 bath condo in St. Anton. This complex is next door to Canyon Lodge – one of the shortest walks of any Mammoth location! Come see this condo today and get ready for the best winter season of your life!

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If you're renting but plan on buying a house in the near, don't renew your lease without going month-to-month or making sure you can cancel it by giving your landlord a month or two notice.

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Thursday, September 29
9 AM - 11 AM

Stop by and tour 3 amazing Mammoth Lakes Properties tomorrow!!!

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Beautiful sunset tonight.

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Sonja was very knowledgeable and competent in selling our house in Mammoth. She is very personable and answered all of our numerous questions with courtesy, humor, and patience. Despite a greatly slowed real estate market, she sold our house in a reasonable time frame. - Stuart F.

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#nofilter Sunday evening neighborhood stroll. ❤️reflections, water, blue skies and fluffy clouds ☁️ #lovewherewelive ...

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If you have a light fixture you want to keep and take with you to your next home, take it down and replace it before you put your house on the market. You can also leave it up and "exclude" it from the sale within your listing, but it can cause issues if a buyer sees it and wants it. Avoid problems by removing it ahead of time.

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Beautiful day at the village. I love the clouds and like to look for shapes or object -- what do you see?

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Amazing two-bedroom condo next door to Canyon Lodge! Ski all season long in this cozy mountain home!

Properties Link Below:
https://www.destinationmammoth.com/properties/

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Hope everyone is having an amazing time at the Mammoth Trail Fest! If you haven't already make sure to check out this awesome event the rest of the weekend!

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Beautifully updated two-bedroom slope side condo just listed for sale. Check it out!

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What does “Months of Supply” tell us about the market?

To break it down simply:

📊Balanced Market = 6 to 7 months of supply
There are a relatively even number of buyers and sellers.

📈Seller’s Market = Fewer than 6 months of supply
There are more buyers than homes for sale, thus sellers hold the upper hand.

📉 Buyer’s Market = More than 7 months of supply
There are more homes for sale than willing and able buyers, thus buyers have more negotiating power.

Have a question about current market trends? Reach out at any time! We’re here to help you decode the lingo and make the most of today’s market 👨‍💻

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