Sunday, October 31, 2010

What message is your FOR SALE sign sending part 2

As you may have read in part 1 of this subject, "Price Reduced" riders on a For Sale sign can send the wrong message to potential buyers. Ok, that being said, what about a "Sale Pending" sign rider?

Does it tell a potential buyer to drive on by and not even consider your home? What if the sale fails? Not so unusual these days with financing tough to come by.

Potential buyers may have dismissed this home and may not come back. Nobody likes to fall in love with a home they ultimately cannot have. The opportunity is lost. Others may be thrilled it is available again, but will they wonder what happened? Will they believe what the listing agent tells them about why it fell out or will they wonder if there was a problem with the home?

Any thoughts?

Wednesday, October 27, 2010

The Canyons gondola and Heated chair lift progress

Quick update today... The Canyons gondola tower is in place! No sign of the heated Orange Bubble lift yet, although I was told it will originate from the exact point where the gondola used to be - right near the Grand Summit Hotel. The pictures may look a bit fuzzy - it was snowing and the wind was blowing.

Old Gondola location and skeleton

New gondola posts

New gondola housing
 With all of the improvements happening at The Canyons, now is a great time to grab a ski condo at Silverado, Red Pine, Hidden Creek, Escala or the Waldorf Astoria before everyone else figures out what a great resort this is.
Click on this link to see some great properties available right now at The Canyons:
http://parkcityhousehunters.pcmls.com/?r=971323265&id=3135313830.255

Heather Feldman
Keller Williams Park City
435-731-0803
heather@parkcityhousehunters.com

Tuesday, October 26, 2010

The Canyons improvements will be ready for opening day!

Great News! It appears the improvements at The Canyons will be ready in time for opening day. See the  link to the Parkrecord article below featuring a press conference with Todd Burnette, VP of Marketing at The Canyons.

Looks like the new heated lift , Orange Bubble Express will have 2 drop spots - the first appears to drop near Lookout Cabin, the second up near Sun Peak Express lift.  I wonder if they have plans for nighttime and summer dining at Lookout Cabin? I would go. Food is great, the view off the outdoor deck is to die for - a great deck for summer weddings and parties.

For all of you that have skied the right side of The Canyons - Upper Boa, Kestrel, Rendevous Ridge or if you take the runs off of Doc'sThunder Road, Diablo, Badlands- (some of my faves), the problem always was getting to the base from there. It appears they have not yet solved this.

You get to the bottom and have to take a rope tow ( indicated on the map as a surface lift) then hoof it to the base of the gondola. The rope tow is still showing - it is called Rip Cord on the map. I have called it many things, but never Rip Cord! We can only hope they have altered the terrain to eliminate the uphill walk. Now that the gondola has moved, we may be able to ski once we leave the rope tow. Check back for updates!

Check out the link to the Canyons trail map below.
http://thecanyons.com/trail_maps.html

Parkrecord article about The Canyons:
http://www.parkrecord.com/ci_16409574?source=most_viewed

Monday, October 25, 2010

Is it Winter or is it Fall?

As promised I have a few pictures of Park City's first snowfall this season. Last night as I fell asleep it was blowing and raining. I woke up to plenty of fresh powdery snow! I live at about 6500 ft and I got about 3-4 inches.

Park City Mountain , Deer Valley and The Canyons are not yet showing any totals and when I called them they did not have any measurements. Bummer!
Well, we know it is not quite skiiable yet, but if you are a ski fanatic you want to know NOW!!
Check out the snow on my hot tub!
This picture was taken about 7:30 or 8:00 this morning

This one was taken just a few minutes ago at about 3:00 pm mountain time. How gorgeous the bright yellow trees are against the snow.

Sunday, October 24, 2010

Snow on the Mountains in Park City!

I woke up today and viola - snow on the mountains. Time to start thinking about skiing Park City! We are supposed to get up to 2 feet of snow by Wednesday. I will post some pics as soon as the snow fog lifts.

Sunday, October 17, 2010

Is there a perfect home?

A client I am working with is considering a home here in Park City that is technically new, but has sat unattended for 1.5 years.

He brought a "builder" friend to look at a home he is considering. They looked at the outside only, and the friend had quite a few things to say about this particular home. He pointed out several maintenance issues - or lack of maintenance on the exterior of this home. He told his friend he would not even pay an amount that is $100K under what the buyer is willing to pay for this home. Clearly this "builder" friend does not know the Park City market. At the price range this home is in, pretty much everything needs a bit of work if not a complete gutting.

Sure, the elements do some damage here and all homes need maintenance. That does not mean the home is necessarily in bad shape. Does this "builder" guy think he is doing his friend a favor? Is there a home that is perfect? Don't le him look at a 20 year old home! THERE WILL BE NOTHING RIGHT ABOUT IT!

One of the things the Due Diligence time frame is for is to figure out what condition the home is in. A licensed inspector comes to the home, looks at everything that can effect the functioning of the home. With the list the inspector provides we can ask the seller to address the items. The inspector is an unbiased party - not trying to impress his friend with his knowledge. The buyer can then decide whether to purchase with their eyes wide open.

Tuesday, October 12, 2010

Best outdoor Fall lunch spot in Park City and Deer Valley

How fabulous is my life that I can head off to the St. Regis Deer Valley for a business lunch?
The day was just like you read about in books - clear skies, crisp cool air and beautiful. The Aspen trees are still golden in color and are stunning against the evergreens. We sat outside on the deck overlooking the now bare ski runs. We were the only ones out there. It was peaceful.

As always the food at the St. Regis was delicious. Two of us had the shrimp salad with avocado, mixed greens and a beurre blanc for a dressing. I am not a salad lover, but it was pretty awesome. One of us had the butternut squash soup and the goat cheese fondue appetizer. I could have been happy just sipping the goat cheese! It was to die for. Grapes, beets and bread to dip. Ahhhh. Life is good.

Every meal we have had at the St. Regis has been fabulous. Atmosphere and good food. Yum.
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Monday, October 11, 2010

Park City's foreclosures

I have been given the assignment by some of my buyers to find them a screaming deal on a bank owned or short sale property here in Park City.

I make sure I am out looking at pretty much every home that is available so I am already prepared when I start working with a buyer. What I find to be the most frustrating is the lack of choices within the pricing criteria I am given. Here I have willing buyers and there is not much to choose from when it comes to bank owned properties.

Some of the short sales can be good deals, but the typical story is most buyers don't want to wait the long time frames required to buy these properties. I counsel my buyers that these can take a long time and 9 times out of 10 buyers move on. It is tough to put your life on hold hoping the bank will respond to the offer, hoping the bank's other divisions won't foreclose before the short sale division approves the offer. Gotta be flexible to buy a short sale!

Anyway, I suppose it is a testament to the strength of Park City's economy that we don't have a bunch of bank owned homes sitting around. Those that come up are scooped up quickly. With buyers that are not based here in Park City, it is tough to get them to make a decision long distance quickly enough. Now with foreclosures coming to a halt it ought to be even more interesting.

For help finding a great home or condo here in Park City, call me at 435-731-0803
Heather Feldman
Keller Williams Park City
heather@parkcityhousehunters.com
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