Real Estate Information

On July 4,1867 the first tents were pitched on the site now known as Cheyenne. Cheyenne means "aliens" or "people of foreign language". The Sioux Indians gave this name to the Indian tribe "Dzitsistes", who roamed the open plains. Their spelling was Shyenne. The first residents were men who moved west to work on the Union Pacific Railroad. The majority of settlers moved away when the railroad was completed in November of that same year. Those who stayed joined others who came to form this new thriving western town. By 1869 Cheyenne was home to a variety of residents, including railroad gangs, soldiers from Fort D.A. Russell (which is now F.E. Warren Air Force Base), and employees From Camp Carlin, a supply camp for all the northern posts on the Indian frontier.

This mostly rough population gave entrance to the type of entertainment that became associated with the "Wild West". Cheyenne was a lively place with five "variety" theaters in operation simultaneously. Every other building was a saloon. The shows had regular stages and gave what was called "burlesque" performances with plenty of female performers.

Cheyenne did not remain a rowdy town for long, as the railroad that initiated Cheyenne's beginnings continued to play a major role in its development. The Union Pacific, one of the most heavily traversed railroads, passed through Cheyenne bringing some of the best shows of the times. After the opera house was erected in 1882, performers such as Lily Langry and Emma Nevada and their troupes stopped in Cheyenne on their way, to San Francisco.

The railroad also provided direct access to the East, thereby enabling Cheyenne to receive the latest styles in furniture, the most recently published magazines and newspapers, and the most fashionable apparel from eastern salons. The cultural ideals of the East were virtually transplanted to Cheyenne via the railroad. By 1875 the population had grown to almost five thousand. Residents enjoyed a social life which was unique for the West and on a par with many cities of a similar size in the East. In fact, Cheyenne's culture far surpassed many of the eastern cities.

The cattle industry was another influencing factor in Cheyenne's development. Purebred Hereford cattle were raised at the famous Wyoming Hereford Ranch (near Cheyenne) as early as 1880. The town attracted many wealthy men from the East and Europe, bringing with them their impeccable social amenities. Many were graduates of the most outstanding universities in England and America. Many cattle barons spent their summers in Cheyenne, wintering in Europe. It was during this time that the world famous "Cheyenne Club" was established. It's membership included many of these men. The club was lavishly furnished like a club of it's scale in England. It had a wide verandah, large dining room, billiards room, card rooms, reading room, and a lounge on the main floor. The former Cheyenne Club stood on the site that later housed the Cheyenne Chamber of Commerce, located on east 17th street.

Cheyenne, Wyoming - A blend of the old and new West, we have a cultural diversity and variety unlike most communities. By mixing tradition with innovation, the community offers something for every taste and every budget.

Cheyenne is located at the north end of the Front Range, enjoying "best of both worlds" atmosphere with the benefits of both Colorado's growth and Wyoming's slower pace.  Clean air, little traffic congestion, relatively low crime, affordable housing, low taxes and cost of living, good schools, recreational and cultural activities, and quality health care make Cheyenne a great community to live in.

Wyoming Tax Advantages include no state or local corporate income tax, no state or local personal income tax, no state or local inventory tax, no state or local sales tax on fuel, power or raw materials used in manufacturing. Wyoming can keep its taxes low because it has great mineral wealth, permanent investments and efficient government.

The state sales and use tax is four percent, with additional local option sales taxes of up to two percent, subject to voter approval. (Laramie County's optional tax currently is one percent). Property taxes are among the lowest of the nation's metropolitan areas, and other taxes, like gasoline, are among the lowest in the country. Wyoming also has a two percent lodging tax.

Happy living starts here for your Family!  Call or Text me at (307) 631-6884.

Cheyenne, Wyoming, is a close-knit city with a real sense of community.  If you attend a monthly luncheon, you will see about 300 of your closest friends.  This is what makes Cheyenne "home".

I have provided the link for you to take a look around.

http://www.cheyennechamber.org/

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.