Click below to see the Canyons Resort shot of the day 10" of powder!!!
Grab your skis ( or your board) and get to Park City!
http://www.canyonsresort.com/cam_shoot.html
HEATHER FELDMAN, EQUITY REAL ESTATE LUXURY GROUP PARK CITY 435-731-0803
Showing posts with label ski condo. Show all posts
Showing posts with label ski condo. Show all posts
Sunday, December 9, 2012
Thursday, April 12, 2012
The Best place to live in Park City, Utah Part 2, TRAILSIDE PARK
Trailside Park
Trailside Park is one of my favorite areas – I live there! I chose this area because of the proximity to everything . Trailside Elementary is within walking distance of most Trailside homes along with a fantastic park that includes 2 soccer fields, 2 play jungle gyms, 2 tennis courts, sand volleyball, a bike pump track and a skate park! Whew! That’s a lot of fun right here!
Trailside is mostly primary residents and the homes range from the $300’s to well above $2 Million. It is super popular with families because of all the recreation and fun listed above. No kids, or older kids? The Park City free bus runs right through the center of Trailside, so easy to send your teens off to the slopes on the bus.
Park City Mountain is about 8-10 minutes from Trailside, Canyons about 6 minutes and Deer Valley about 10 minutes. Park City’s historic Main Street is only 10 minutes away as well. It's considered a little bit "out of town" compared to Old Town living, but works well for most locals. Salt Lake City is about 25 minutes from Trailside and both the I-80 fwy and the SR-40 are withing minutes making this a great commuter neighborhood. Doctors that need to be able to be down in SLC within 30 minutes when on call live in Trailside.
Redstone center is about 5 minutes away and you will find grocery shopping, movie theatres, stores like Bed Bath and Beyond, TJMaxx, WorldMarket and many others. My dentist is in that center too!
So, let’s talk about the name…Trailside Park. There are tons of trails connecting through Trailside for biking , hiking or jogging. The trails connect with Round Valley, Mountain Ranch Trails, Glenwild Trails and Silver Creek Trails. Plenty of exercise and recreation for everyone.
TRAILSIDE HOMES AVAILABLE
For more information about living in Trailside, contact me at heather@parkcityhousehunters.com , or call me at 435-731-0803
Heather Feldman
Equity Real Estate Luxury Group Park City Utah
Trailside Park is one of my favorite areas – I live there! I chose this area because of the proximity to everything . Trailside Elementary is within walking distance of most Trailside homes along with a fantastic park that includes 2 soccer fields, 2 play jungle gyms, 2 tennis courts, sand volleyball, a bike pump track and a skate park! Whew! That’s a lot of fun right here!
Trailside is mostly primary residents and the homes range from the $300’s to well above $2 Million. It is super popular with families because of all the recreation and fun listed above. No kids, or older kids? The Park City free bus runs right through the center of Trailside, so easy to send your teens off to the slopes on the bus.
Park City Mountain is about 8-10 minutes from Trailside, Canyons about 6 minutes and Deer Valley about 10 minutes. Park City’s historic Main Street is only 10 minutes away as well. It's considered a little bit "out of town" compared to Old Town living, but works well for most locals. Salt Lake City is about 25 minutes from Trailside and both the I-80 fwy and the SR-40 are withing minutes making this a great commuter neighborhood. Doctors that need to be able to be down in SLC within 30 minutes when on call live in Trailside.
Redstone center is about 5 minutes away and you will find grocery shopping, movie theatres, stores like Bed Bath and Beyond, TJMaxx, WorldMarket and many others. My dentist is in that center too!
So, let’s talk about the name…Trailside Park. There are tons of trails connecting through Trailside for biking , hiking or jogging. The trails connect with Round Valley, Mountain Ranch Trails, Glenwild Trails and Silver Creek Trails. Plenty of exercise and recreation for everyone.
TRAILSIDE HOMES AVAILABLE
For more information about living in Trailside, contact me at heather@parkcityhousehunters.com , or call me at 435-731-0803
Heather Feldman
Equity Real Estate Luxury Group Park City Utah
Wednesday, March 28, 2012
The Best Place to live in Park City Utah
Visitors come to Park City, fall in love and want to start a great life here. Just like I and many others did!
The tough part is how to choose which area is best for you and your family.
What should you do? Drive around? Ask some locals? Sure, both of those are great starting points, but really your Park City Realtor should be a main source for information.
If your Realtor is good, they make it their business to know the ins and outs, the plusses and minuses of each area. Jeremy Ranch is not the same as Silver Springs or Prospector etc. I don't just look at comps and stats, in most cases we have friends in each area, I have worked with the HOA's, I may even live in the area you are interested in.
My job is to figure out what is important to you. How important is it to have easy access to the I-80 fwy? What do you and your family like to do in your free time? Are your kids young enough to play at a park, and if so, how close do you want to be to it? Do you want to walk to shops and restaurants? Do you like a neighborhood feel or solitude? View or mountain feel?
I don't sit you down with a questionairre, although that might be a good option! We sit down and talk, we spend time together to really figure out what works for you. The area that is best for one buyer may not work at all for another - even if the answers are the same.
In the next few blogs I will go over some of the local neighborhoods and why they may work for you.
For all Real Estate in Park City, call me at 435-731-0803
Heather Feldman
SEARCH THE PARK CITY MLS
The tough part is how to choose which area is best for you and your family.
What should you do? Drive around? Ask some locals? Sure, both of those are great starting points, but really your Park City Realtor should be a main source for information.
If your Realtor is good, they make it their business to know the ins and outs, the plusses and minuses of each area. Jeremy Ranch is not the same as Silver Springs or Prospector etc. I don't just look at comps and stats, in most cases we have friends in each area, I have worked with the HOA's, I may even live in the area you are interested in.
My job is to figure out what is important to you. How important is it to have easy access to the I-80 fwy? What do you and your family like to do in your free time? Are your kids young enough to play at a park, and if so, how close do you want to be to it? Do you want to walk to shops and restaurants? Do you like a neighborhood feel or solitude? View or mountain feel?
I don't sit you down with a questionairre, although that might be a good option! We sit down and talk, we spend time together to really figure out what works for you. The area that is best for one buyer may not work at all for another - even if the answers are the same.
In the next few blogs I will go over some of the local neighborhoods and why they may work for you.
For all Real Estate in Park City, call me at 435-731-0803
Heather Feldman
SEARCH THE PARK CITY MLS
Saturday, November 26, 2011
Selling your Home? A few things NOT to do!
So, you're thinking about putting your home on the market. Good Idea!
A few things you don't want to do:
Don’t allow Deferred Maintenance ruin your chances of selling.
Ever hear the term “Deferred Maintenance”? What exactly does that mean anyway?
Deferred Maintenance is a nice way of referring to household maintenance that has not been kept up on or done. As a buyer walks through your home, they are falling in love with the floorplan, with how their family will live in this home and starting to imagine their furniture in there, right? Maybe. They also are walking through noticing all the repairs needed to your home and getting a sour taste in their mouth wondering what needs attention that they can’t see.
What to do? Have a friend walk your home and look for cosmetic items with a buyer’s eye for items that look dirty or worn- paint, carpet, dirty vents, crumbling grout etc. They will see things you have walked past for years. If you really want to make sure deferred maintenance does not become an issue once your home is for sale, get an inspection and fix whatever comes up on the inspection. You won’t catch every single item, but you have a good chance of the sale not falling out because of the condition of your home.
The next big one:
Disclose everything!!! Even if you think it is inconsequential.
Your agent should impress upon you the importance of disclosing everything. If they try to tell you that basement flooding or the car sliding down the driveway into the dining room isn't worth disclosing, RUN!
Case in point – had a home under contract recently. It was my buyer’s dream home. The seller filled out the required seller’s disclosure form, which indicated no known problems with the home in a number of categories. During the inspection a sizable water intrusion was discovered. Water stains on the baseboards and eventually mold was found near the source of the intrusion.
My buyer ‘s first reaction was to wonder what else they were hiding. What else was wrong with this home that the seller was not telling us about? The seller suddenly remembered an occasion where water came in through the window during a heavy rain season. Amazing how that works! The water intrusion is discovered and miraculously they remember it. Cynical? Maybe, or maybe just a reasonable reaction to an unfortunate situation. Not an insurmountable situation, just one that leaves the buyer uneasy.
In this case, if the seller had not allowed this water intrusion become Deferred Maintenance ( they did not remedy the situation as they could have) and disclosed the water intrusion and what they did to remedy it, this sale may have been saved. Now, the buyer must start over in their search for a home and the seller starts over looking for a new buyer. Hopefully they will amend their seller’s disclosure to lawfully show the issues at hand and maybe even fix them prior to the next buyer discovering them.
As a seasoned Realtor, we see deferred maintenance all the time. It doesn’t necessarily kill every sale, but it can put a seed of doubt in a buyer’s mind. How refreshing it is to list a home where it is evident the owner has taken care of it and in a timely manner. Sure makes our job easier, and the sale of the home a stronger possibility. In Park City we find buyers from out of the area will respond better to a home that needs less attention. It is usually too difficult to have repairs and remodeling done from a long distance.
Looking for a ski property or investment property?
Call me for more information about Park City, Utah.
Heather Feldman 435-731-0803
A few things you don't want to do:
Don’t allow Deferred Maintenance ruin your chances of selling.
Ever hear the term “Deferred Maintenance”? What exactly does that mean anyway?
Deferred Maintenance is a nice way of referring to household maintenance that has not been kept up on or done. As a buyer walks through your home, they are falling in love with the floorplan, with how their family will live in this home and starting to imagine their furniture in there, right? Maybe. They also are walking through noticing all the repairs needed to your home and getting a sour taste in their mouth wondering what needs attention that they can’t see.
What to do? Have a friend walk your home and look for cosmetic items with a buyer’s eye for items that look dirty or worn- paint, carpet, dirty vents, crumbling grout etc. They will see things you have walked past for years. If you really want to make sure deferred maintenance does not become an issue once your home is for sale, get an inspection and fix whatever comes up on the inspection. You won’t catch every single item, but you have a good chance of the sale not falling out because of the condition of your home.
The next big one:
Disclose everything!!! Even if you think it is inconsequential.
Your agent should impress upon you the importance of disclosing everything. If they try to tell you that basement flooding or the car sliding down the driveway into the dining room isn't worth disclosing, RUN!
Case in point – had a home under contract recently. It was my buyer’s dream home. The seller filled out the required seller’s disclosure form, which indicated no known problems with the home in a number of categories. During the inspection a sizable water intrusion was discovered. Water stains on the baseboards and eventually mold was found near the source of the intrusion.
My buyer ‘s first reaction was to wonder what else they were hiding. What else was wrong with this home that the seller was not telling us about? The seller suddenly remembered an occasion where water came in through the window during a heavy rain season. Amazing how that works! The water intrusion is discovered and miraculously they remember it. Cynical? Maybe, or maybe just a reasonable reaction to an unfortunate situation. Not an insurmountable situation, just one that leaves the buyer uneasy.
In this case, if the seller had not allowed this water intrusion become Deferred Maintenance ( they did not remedy the situation as they could have) and disclosed the water intrusion and what they did to remedy it, this sale may have been saved. Now, the buyer must start over in their search for a home and the seller starts over looking for a new buyer. Hopefully they will amend their seller’s disclosure to lawfully show the issues at hand and maybe even fix them prior to the next buyer discovering them.
As a seasoned Realtor, we see deferred maintenance all the time. It doesn’t necessarily kill every sale, but it can put a seed of doubt in a buyer’s mind. How refreshing it is to list a home where it is evident the owner has taken care of it and in a timely manner. Sure makes our job easier, and the sale of the home a stronger possibility. In Park City we find buyers from out of the area will respond better to a home that needs less attention. It is usually too difficult to have repairs and remodeling done from a long distance.
The Moral of this story:
Maintain your home, get all items fixed prior to listing and DISCLOSE!
Looking for a ski property or investment property?
Call me for more information about Park City, Utah.
Heather Feldman 435-731-0803
Saturday, November 5, 2011
Park City condo under $100,000!
Did you ever think it was possible? This featured property is small but stunning. The owners have done such a great job with the space and have made it gorgeous to boot!
You are looking at the brand new sleeper sofa with seating cubes that convert into ottomans or eating trays. Notice the beautiful colors on the walls along with the coordinated wall coverings and artwork. They have really made this a Zen-like retreat.
This condo is only a studio, but boasts beautiful wood floors, a flat screen Tv, convertible eating/working table and tons of smart storage.
Take a look out your window to see
Park City Mountain and check out how much snow
they have!
This fabulous condo is in Prospector Square which is a 10acre development with 9 condo buildings, a pool, convention center and Theatre. Prospector Square is an official Sundance Film Festival venue too!
Offered at $87,500. Buy it for yourself or buy it for an investment. Great rental numbers at Prospector.
Call me today for a private showing!
Heather Feldman 435-731-0803
Park City Mountain and check out how much snow
they have!
This fabulous condo is in Prospector Square which is a 10acre development with 9 condo buildings, a pool, convention center and Theatre. Prospector Square is an official Sundance Film Festival venue too!
Offered at $87,500. Buy it for yourself or buy it for an investment. Great rental numbers at Prospector.
Call me today for a private showing!
Heather Feldman 435-731-0803
Tuesday, October 11, 2011
Is your Realtor doing a good job with your listing?
Touchy subject, I know.
How do you know if your Realtor is doing a good job with your property?
If it sells have they done a good job? If it doesn't sell are they doing a poor job?
Here are some guidelines to follow when evaluating whether your agent is worth holding on to, or when choosing an agent:
1. Do they answer their phone and email? Not just when you call, but for potential buyers and other agents. I cannot tell you how many times I call on a property to show it or ask questions for a potential buyer and never get any communication back. Test your agent. Have your friends and associates call just to see what happens. If your agent is not calling/emailing back within a reasonable time frame, this is a red flag. Many times buyers and agents will move on to the next property and not even bother to show it.
2. Is your property listed in the appropriate MLS? How unfortunate for the seller that wants to help out a friend with their real estate career and lists their property in the wrong area. In Park City, we have our own MLS that covers the Wasatch back - Park City, Midway, Heber ,Oakley and surrounding areas. Many times a home will be listed with a Salt Lake agent who is not a member of our MLS, so when the agents that work and sell up here pull properties to show, that one won't show up, and most likely won’t be shown.
3. Is your property being marketed in the most effective way for your area? Each area has a proven method for marketing that works. Some areas it is the newspaper, other areas it is a local magazine or radio program. For many resort areas the internet is the most effective tool available. Find out not just the circulation of the marketing tool, but the results of the marketing tool. When looking for a buyer in a resort market like Park City, they aren't usually reading our local paper or listening to KPCW, our local radio station. They begin their search on the internet, they ask their friends for a referral to a local Realtor. Then they start their search.
4. Has your agent helped you prepare your home for sale? Prior to listing, your agent should conduct a walkthrough with you and help with suggestions for decluttering, staging and a list of items to fix. Your agent should tell you how important these things are in the sales process. If a home appears dirty or unkempt, buyers will subconsciously look for deferred maintenance and wonder how the seller could possibly keep up with maintenance when they can’t even keep up with the daily clutter. I offer my sellers a no charge 1 hour consultation with a home staging expert to really give them the edge on the competition.
5. Pricing. Even if you and your agent do everything possible to stage and prepare your home for showing, price will determine whether you get activity and offers. In today’s market price is everything. Every agent should know the maximum activity will come in the first few weeks of listing the property. Having said that, is your agent sharing the feedback with you? Are you acting on it?
6. The key to helping the seller make the right choices is feedback. Feedback comes in two forms - agent feedback from showings, and market feedback in terms of how the homes with which you are competing are responding. Are other similar properties selling and yours is not? Examine why - most of the time it will come down to price.
We know that the majority of the time the buyer that purchases your home will be represented by a Realtor other than the listing agent. So if there are no showings by agents, then they are not all on vacation. They are showing other homes that their buyers think offer the most value. Overpriced properties will only be shown to demonstrate to buyers why another home is a good deal, and they will sit unsold.
So ask your Realtor for a market update. Use this information wisely. Your agent can send you a detailed report where you can look at each and every property that has sold. Were they really better than yours or just marketed better and priced right?
For all of your Park City, Utah Real Estate needs call me today.
Heather Feldman
435-731-0803
Wednesday, October 5, 2011
Park City/Solutude Tramway audio update from KPCW
Just a quick update audio clip from KPCW, our local radio station.
Tramway interview with Bill Malone
Tramway interview with Bill Malone
Sunday, July 24, 2011
Park City's many free concerts
Ok, so you spent your day mountain biking, or maybe riding the zip line at Park City Mountain - lots of fun, right? What about at night? How about one of Park City's many outdoor free concerts? Here is the scoop on the concerts and some links to check out:
WEDNESDAY - Start your evening concert tour with Deer Valley's free concert on Wendesday night on the ski slope behind the Snowpark Lodge. Bring your low chairs, a picnic basket filled with wine, cheeses and snacks for the kids and sit back and relax. Concert starts at 6:00, but get there a bit early to get a great spot. Click the link below to check out Deer Valley's calendar to see who is playing.
http://www.deervalley.com/events-calendar.html
THURSDAY - Not enough music on Wednesday night for you? How about another fun concert on Thursday night? Head over to Newpark Ampitheatre at Kimball Junction. Bring those same low chairs, but you better restock that picnic basket! Even better - get there early and grab a table at Maxwell's outdoor patio. Maxwells also serves pizza by the slice if you don't feel like packing a basket. Check out the Newpark link below for concert details -Starts at 6pm.
http://www.newparktowncenter.com/events.html
THURSDAY - Silver Star Cafe presents Plazapalooza every Thursday night starting at 6pm. No need to pack a picnic basket. The cafe has indoor and outdoor tables. No need to bring chairs, the plaza has plenty of comfortable seating. Just bring yourself.
SATURDAY - The Canyons Concert series is happening and free every Saturday night. You know the routine by now - chairs or blanket, picnic basket with your faves and bring your friends! Park in the lower parking lot and take the Cabriolet up for a night of good music and fun. They have a few food vendors if you don't want to pack your food.
http://thecanyons.com/events.html
___________________________________________________________________
WEDNESDAY - Start your evening concert tour with Deer Valley's free concert on Wendesday night on the ski slope behind the Snowpark Lodge. Bring your low chairs, a picnic basket filled with wine, cheeses and snacks for the kids and sit back and relax. Concert starts at 6:00, but get there a bit early to get a great spot. Click the link below to check out Deer Valley's calendar to see who is playing.
http://www.deervalley.com/events-calendar.html
THURSDAY - Not enough music on Wednesday night for you? How about another fun concert on Thursday night? Head over to Newpark Ampitheatre at Kimball Junction. Bring those same low chairs, but you better restock that picnic basket! Even better - get there early and grab a table at Maxwell's outdoor patio. Maxwells also serves pizza by the slice if you don't feel like packing a basket. Check out the Newpark link below for concert details -Starts at 6pm.
http://www.newparktowncenter.com/events.html
THURSDAY - Silver Star Cafe presents Plazapalooza every Thursday night starting at 6pm. No need to pack a picnic basket. The cafe has indoor and outdoor tables. No need to bring chairs, the plaza has plenty of comfortable seating. Just bring yourself.
SATURDAY - The Canyons Concert series is happening and free every Saturday night. You know the routine by now - chairs or blanket, picnic basket with your faves and bring your friends! Park in the lower parking lot and take the Cabriolet up for a night of good music and fun. They have a few food vendors if you don't want to pack your food.
http://thecanyons.com/events.html
Tuesday, July 12, 2011
Las Vegas Review Journal Travel writer loves Park City!
Las Vegas Review Journal Travel writer Deborah Wall visited Park City recently and figured out something we locals already know... Park City is the best place to be any time of year!
Click on the link below to see her article titled "Mountains of Fun" detailing all of the fun things she did - biking? hiking? eating? drinking? Have to read her article to find out what she had the most fun doing.
http://www.lvrj.com/living/cerca-skiers-haven-park-city-also-offers-summer-thrills-124558994.html
Click on the link below to see her article titled "Mountains of Fun" detailing all of the fun things she did - biking? hiking? eating? drinking? Have to read her article to find out what she had the most fun doing.
http://www.lvrj.com/living/cerca-skiers-haven-park-city-also-offers-summer-thrills-124558994.html
Friday, May 6, 2011
Fabulous Bank-Owned Promontory Ranch home successfully closed!
Bank owned properties are a challenge. Yes, the prices can be a screaming deal, but there are lots of hoops to jump through. If you have the stomach for it, I say go for it! Get your ducks in a row first, then jump in.
Right now, Promontory Ranch Club, a high end golf community in Park City, Utah has some great deals. The development went through a bankruptcy a while back and the community is still on the rebound. Homes that previously went in the $2 million plus range can now be picked up for just under 1Million. Gorgeous homes, great community, great amenities. The theory is once the economy changes and the market has recovered, these homes will be worth a heck of alot more than the buyers have paid. In the mean time, these buyers of the bank owned bargains will live in a gorgeous, high end home for half the price. Promontory is about 10 minutes from Park City Mountain, Deer Valley and The Canyons. These homes have some of the most fabulous views of all 3 resorts.
So, you write an offer and think long and hard about the price, the closing date and the rest of the terms that work for you and your situation. Usually the seller will respond and the negotiations begin. Bank owned properties are different. The bank required my seller to sign an addendum they create as a blanket document to cover all possibilities in all areas of the country. Seriously, why don't they just write their own contract? They completely blow out of the water all of your dates on the original offer - due diligence deadline, financing deadline etc. In this particular addendum they gave the buyer 10 days to get an inspection and 15 to get loan approved. Inspection, not a problem, but even with a well qualified buyer, full loan approval in 15 days is difficult.
Back are the days where the banks require your first born child to approve a loan. Lending institutions give a borrower a "conditional approval" along with a list of additional documents they need to give full approval. No big deal, right? Wrong. In this particular case the list never ended. As soon as one required document was submitted, a request for something else would come. Luckily, this buyer was super organized and had all of the needed documents available. It almost felt like the underwriter was trying to justify their job!
Bank owned properties can be a great way to go if you know what to expect. Don't expect the offer and negotiation process to be like a regular home purchase. Meet with a loan officer and get everything ready to go on that front before you go shopping, then be ready to pre-qualify with their required lending institution. Next, go into the process with reasonable expectations about the price. Have your agent pull all the closed sales in that area. Banks aren't going to negotiate as much in an area with brisk sales. Figure they may not credit any money for repairs. Make sure you understand the bank addendum and the ramifications.
Call me at 435-731-0803 or email me at heather@parkcityhousehunters.com for more information about Promontory Ranch Club bank owned properties. Click on the link below to view some Promontory deals.
CLICK HERE TO VIEW PROMONTORY RANCH CLUB BARGAINS
Right now, Promontory Ranch Club, a high end golf community in Park City, Utah has some great deals. The development went through a bankruptcy a while back and the community is still on the rebound. Homes that previously went in the $2 million plus range can now be picked up for just under 1Million. Gorgeous homes, great community, great amenities. The theory is once the economy changes and the market has recovered, these homes will be worth a heck of alot more than the buyers have paid. In the mean time, these buyers of the bank owned bargains will live in a gorgeous, high end home for half the price. Promontory is about 10 minutes from Park City Mountain, Deer Valley and The Canyons. These homes have some of the most fabulous views of all 3 resorts.
So, you write an offer and think long and hard about the price, the closing date and the rest of the terms that work for you and your situation. Usually the seller will respond and the negotiations begin. Bank owned properties are different. The bank required my seller to sign an addendum they create as a blanket document to cover all possibilities in all areas of the country. Seriously, why don't they just write their own contract? They completely blow out of the water all of your dates on the original offer - due diligence deadline, financing deadline etc. In this particular addendum they gave the buyer 10 days to get an inspection and 15 to get loan approved. Inspection, not a problem, but even with a well qualified buyer, full loan approval in 15 days is difficult.
Back are the days where the banks require your first born child to approve a loan. Lending institutions give a borrower a "conditional approval" along with a list of additional documents they need to give full approval. No big deal, right? Wrong. In this particular case the list never ended. As soon as one required document was submitted, a request for something else would come. Luckily, this buyer was super organized and had all of the needed documents available. It almost felt like the underwriter was trying to justify their job!
Bank owned properties can be a great way to go if you know what to expect. Don't expect the offer and negotiation process to be like a regular home purchase. Meet with a loan officer and get everything ready to go on that front before you go shopping, then be ready to pre-qualify with their required lending institution. Next, go into the process with reasonable expectations about the price. Have your agent pull all the closed sales in that area. Banks aren't going to negotiate as much in an area with brisk sales. Figure they may not credit any money for repairs. Make sure you understand the bank addendum and the ramifications.
Call me at 435-731-0803 or email me at heather@parkcityhousehunters.com for more information about Promontory Ranch Club bank owned properties. Click on the link below to view some Promontory deals.
CLICK HERE TO VIEW PROMONTORY RANCH CLUB BARGAINS
Monday, April 4, 2011
Park City to host Snowboard Magazine's "The Launch"
Park City Mountain to host Snowboard Magazine's
"The Launch"
Location: King's Crown Terrain Park, Park City Mountain
Dates: April 5-7 (load in April 4 and weather day April 8)
King's Crown Terrain Park at Park City Mountain has been closed for the last week and a half preparing the park for a special event. Park City Mountain Resort has been chosen to host Snowboarder Magazine's The Launch. The Launch is a literal launching pad for the next generation of snowboarders.
Rather than coming together for a contest, The Launch allows these riders to come together in a positive and progressive atmosphere. It's a huge honor to be chosen to host Snowboarder Magazine's The Launch. 50 of the world's best snowboarders under the age of 18 will invade Park City Mountain Resort and prove why they are the future of the sport. Please see below for a schedule of events, and a link to Snowboard Magazine's Launch page.
http://parkcity.typepad.com/ride_park_city/2011/03/snowboarder-magazines-the-launch-is-coming-to-park-city.html
http://fresh.snowboardermag.com/feature/the-launch-2010-super-post/
Wednesday, March 30, 2011
Park City Mountain to stay open longer
Park City Mountain to stay open until April 17th!
Great news for locals! Get out there and enjoy the great snow and great Spring weather.
Great news for locals! Get out there and enjoy the great snow and great Spring weather.
Monday, March 28, 2011
Use a Buyer's Agent? Why would you NOT use a Buyer's agent?
Why not use a Buyer's Agent? Would you use the other guy's attorney in a court proceeding? I think not!
I know, I harp on this now and again, but I just can't wrap my mind around it. Why are people afraid of enlisting the help of a Buyer's Agent? Let's look at a list of some of the duties we deliver to you, the Buyer:
As Agents for the buyer, the Buyer's agent and the Broker have fiduciary duties to the buyer that include loyalty, confidentiality, full disclosure and reasonable care.
Hmmm, sounds like a win-win for a Buyer, right? Well, then explain why some Buyers, when looking to buy a home will only work with the Seller's agent? They drive around and call off of the signs, and yes, some of those calls have come to me, and they think they are doing what is in their best interest.
That Seller's agent represents the Seller. Their job is to look out for their Seller, not you the unrepresented Buyer. Now, that does not mean they will be dishonest, it just means they are working to benefit their client, not you. That seller will still pay the agreed upon commission, they will just be paying it all to their agent instead of splitting it with your agent. You know, the seller pays both the Buyer's and the Seller's agent.
Oh, I get it - Buyers think they can get a better deal by working with the Seller's agent. Sometimes that is true. If the seller's agent and their broker both agree to take a lesser commission, then in theory the Buyer could get a better price. How much are you really saving? 2%? You might have been able to save that and more by having an agent look out for you and your interests. Do you think that Seller's agent is going to work hard to provide you all of the comps and educate you on the area and what this home should really sell for? Maybe. Maybe not. Remember, they aren't representing you.
What about limited or dual agency? Sure, it happens. But, know that it is limited. The agent has fiduciary duties to both the Seller and Buyer. The agent cannot provide both Buyer and Seller undivided loyalty, full confidentiality and full disclosure . For example - being limited or dual, the agent may not disclose to either party any information likely to weaken the bargaining position of the other - like the highest price the buyer will offer, or the lowest price seller will take. It' s kind of like going to court and having the other attorney represent you too. Can't imagine doing that! Yet, with the largest purchase most people will make, they trust that the other agent will do them right.
In Park City Utah, I am your Buyer's Agent
Heather Feldman
heather@parkcityhousehunters.com
435-731-0803
I know, I harp on this now and again, but I just can't wrap my mind around it. Why are people afraid of enlisting the help of a Buyer's Agent? Let's look at a list of some of the duties we deliver to you, the Buyer:
As Agents for the buyer, the Buyer's agent and the Broker have fiduciary duties to the buyer that include loyalty, confidentiality, full disclosure and reasonable care.
Hmmm, sounds like a win-win for a Buyer, right? Well, then explain why some Buyers, when looking to buy a home will only work with the Seller's agent? They drive around and call off of the signs, and yes, some of those calls have come to me, and they think they are doing what is in their best interest.
That Seller's agent represents the Seller. Their job is to look out for their Seller, not you the unrepresented Buyer. Now, that does not mean they will be dishonest, it just means they are working to benefit their client, not you. That seller will still pay the agreed upon commission, they will just be paying it all to their agent instead of splitting it with your agent. You know, the seller pays both the Buyer's and the Seller's agent.
Oh, I get it - Buyers think they can get a better deal by working with the Seller's agent. Sometimes that is true. If the seller's agent and their broker both agree to take a lesser commission, then in theory the Buyer could get a better price. How much are you really saving? 2%? You might have been able to save that and more by having an agent look out for you and your interests. Do you think that Seller's agent is going to work hard to provide you all of the comps and educate you on the area and what this home should really sell for? Maybe. Maybe not. Remember, they aren't representing you.
What about limited or dual agency? Sure, it happens. But, know that it is limited. The agent has fiduciary duties to both the Seller and Buyer. The agent cannot provide both Buyer and Seller undivided loyalty, full confidentiality and full disclosure . For example - being limited or dual, the agent may not disclose to either party any information likely to weaken the bargaining position of the other - like the highest price the buyer will offer, or the lowest price seller will take. It' s kind of like going to court and having the other attorney represent you too. Can't imagine doing that! Yet, with the largest purchase most people will make, they trust that the other agent will do them right.
In Park City Utah, I am your Buyer's Agent
Heather Feldman
heather@parkcityhousehunters.com
435-731-0803
Tuesday, March 22, 2011
April Screaming Deals on Lodging in Park City
Park City April Screaming Deals!
Click the link below.
http://myemail.constantcontact.com/April-Screaming-Deals-on-Park-City-Lodging-up-to-40--off-.html?soid=1104387713397&aid=tZHVJdQmsQc
Click the link below.
http://myemail.constantcontact.com/April-Screaming-Deals-on-Park-City-Lodging-up-to-40--off-.html?soid=1104387713397&aid=tZHVJdQmsQc
Tuesday, March 8, 2011
Tax Tips for Homeowners
As posted in Trulia.com today:
Ask a roomful of homeowners what's so great about owning versus renting, and you'll hear them holler in unison: "the tax deductions!" And it's true – homeowners who itemize their taxes are able to deduct 100% of their mortgage interest and property taxes from their income tax returns.
That means that if you're in a 28% tax bracket, Uncle Sam effectively subsidizes about a third of your borrowing costs or more, making your home more affordable or allowing you to buy a larger home than you could have otherwise. Also, big chunks of your closing costs are tax deductible, and hundreds of thousands of dollars of any profit (or capital gains) that you realize when you sell your home are exempt from income taxes.
At tax time, it's critical to know what you're entitled to, so you can claim it. So, here are five essential need-to-knows about home-related income tax tips to help you get the most tax-reducing bang out of your home-owning buck – and to avoid hefty home ownership-related tax traps.
1. You Have to Itemize Your Return to Claim Your Deductions
During the recent debate on Capitol Hill about whether the mortgage interest deduction should be eliminated (it won't be, not anytime soon), it came out that nearly 40% of homeowners lose out on their major tax advantages every year when they fail to itemize their income taxes. If you own a home and otherwise have a fairly simple return, it might be tempting just to take the standard deduction – and if your mortgage, property taxes and income are low enough, the standard deduction might outweigh your homeowners' deductions. But you'll never know if you're losing out on the tax advantages of itemizing unless you try; before you grab a pen and start filling in that 1040-EZ grab those forms from your mortgage company and answer the questions on tax software like TurboTax, which will automatically do the math on whether itemizing or taking the standard deduction will result in the lowest tax bill – or the highest tax refund – for you.
2. Plan Ahead and Be Strategic When Taking a Home Office Deduction
According to the Small Business Administration, the average home office deduction is $3,686 – multiply that by your tax bracket – 15%, 20%, 30% or whatever it is, and that's what you'll save on your taxes by writing off your home office. Know, though, that the space you designate as your home office cannot be exempted from capital gains tax when you sell your home later. The $250,000 (single)/ $500,000 (married filing jointly) income tax exemption for capital gains is only good on your personal residence, after all – not including any space in your home you've claimed as your tax-advantaged office. If you foresee selling your home for much more than you bought it in the future, near or far, discuss this with your tax preparer to see if the few hundred bucks you save is worth the capital gains complication later.
3. Tax Relief for Loan Modifications, Short Sales and Foreclosures Is Only Around Through 2012
While the long-term housing outlook is beginning to look up, 2011 is projected to be the peak year for foreclosures during this market cycle. Distressed homeowners who are on the brink of a short sale, loan modification or foreclosure should be aware that normally, any mortgage balance that is wiped out by one of these outcomes is taxed as what the IRS calls Cancellation of Debt Income, or CODI.
Under the Mortgage Debt Forgiveness Relief Act of 2007, the IRS is currently not charging income taxes on CODI incurred through a loan mod, short sale or foreclosure on most primary residences through 2012. But right now, banks are taking many months, or even years, to work out mortgages in all of these ways; the average foreclosure in New York state right now occurs only after 22 months of missed mortgage payments. If you foresee any of these outcomes in your future, don't put things off. Do what you can to get to closure on your distressed home and loan, ASAP, while you won't have income taxes to add as the insult on top of your significant housing injury.
4. Project the Income Tax Consequences of a Refinance or Property Tax Appeal
Homeowners everywhere are working on applying for a lower property tax bill on the basis of the last few years' decline in their home's value. Those who have equity have flocked en masse to refinance their 7% home loans into the 4% to 5% rates of the last few months. These strategies offer some of the heftiest household savings out there for the corresponding investment in time and money they take. But here's a caveat for savvy homeowners who slash these costs: remember that property taxes and mortgage interest, the very costs you're minimizing, are also the basis for the major tax benefits of being a homeowner. So plan ahead for your income tax deductions to go down along with your taxes and interest.
5. Don't Forget Those Closing Costs
If you bought or refinanced your home in 2010, you may be so focused on your mortgage interest and property tax deductions that you forget all about your closing costs. Any origination fees or discount points that were paid to your mortgage lender at closing are tax deductible on your 2010 return, get this – even if the seller paid your closing costs. If you can't figure out exactly what you paid, look for your HUD-1 settlement statement, that legal sized paper full of line item credits and debits that you should have received from your escrow provider or title attorney at, or just after, closing. Can't find it? Drop your real estate agent or mortgage broker an email; they can usually get a copy to you quickly.
Please consult your tax professional for details about your tax situation.
Ask a roomful of homeowners what's so great about owning versus renting, and you'll hear them holler in unison: "the tax deductions!" And it's true – homeowners who itemize their taxes are able to deduct 100% of their mortgage interest and property taxes from their income tax returns.
That means that if you're in a 28% tax bracket, Uncle Sam effectively subsidizes about a third of your borrowing costs or more, making your home more affordable or allowing you to buy a larger home than you could have otherwise. Also, big chunks of your closing costs are tax deductible, and hundreds of thousands of dollars of any profit (or capital gains) that you realize when you sell your home are exempt from income taxes.
At tax time, it's critical to know what you're entitled to, so you can claim it. So, here are five essential need-to-knows about home-related income tax tips to help you get the most tax-reducing bang out of your home-owning buck – and to avoid hefty home ownership-related tax traps.
1. You Have to Itemize Your Return to Claim Your Deductions
During the recent debate on Capitol Hill about whether the mortgage interest deduction should be eliminated (it won't be, not anytime soon), it came out that nearly 40% of homeowners lose out on their major tax advantages every year when they fail to itemize their income taxes. If you own a home and otherwise have a fairly simple return, it might be tempting just to take the standard deduction – and if your mortgage, property taxes and income are low enough, the standard deduction might outweigh your homeowners' deductions. But you'll never know if you're losing out on the tax advantages of itemizing unless you try; before you grab a pen and start filling in that 1040-EZ grab those forms from your mortgage company and answer the questions on tax software like TurboTax, which will automatically do the math on whether itemizing or taking the standard deduction will result in the lowest tax bill – or the highest tax refund – for you.
2. Plan Ahead and Be Strategic When Taking a Home Office Deduction
According to the Small Business Administration, the average home office deduction is $3,686 – multiply that by your tax bracket – 15%, 20%, 30% or whatever it is, and that's what you'll save on your taxes by writing off your home office. Know, though, that the space you designate as your home office cannot be exempted from capital gains tax when you sell your home later. The $250,000 (single)/ $500,000 (married filing jointly) income tax exemption for capital gains is only good on your personal residence, after all – not including any space in your home you've claimed as your tax-advantaged office. If you foresee selling your home for much more than you bought it in the future, near or far, discuss this with your tax preparer to see if the few hundred bucks you save is worth the capital gains complication later.
3. Tax Relief for Loan Modifications, Short Sales and Foreclosures Is Only Around Through 2012
While the long-term housing outlook is beginning to look up, 2011 is projected to be the peak year for foreclosures during this market cycle. Distressed homeowners who are on the brink of a short sale, loan modification or foreclosure should be aware that normally, any mortgage balance that is wiped out by one of these outcomes is taxed as what the IRS calls Cancellation of Debt Income, or CODI.
Under the Mortgage Debt Forgiveness Relief Act of 2007, the IRS is currently not charging income taxes on CODI incurred through a loan mod, short sale or foreclosure on most primary residences through 2012. But right now, banks are taking many months, or even years, to work out mortgages in all of these ways; the average foreclosure in New York state right now occurs only after 22 months of missed mortgage payments. If you foresee any of these outcomes in your future, don't put things off. Do what you can to get to closure on your distressed home and loan, ASAP, while you won't have income taxes to add as the insult on top of your significant housing injury.
4. Project the Income Tax Consequences of a Refinance or Property Tax Appeal
Homeowners everywhere are working on applying for a lower property tax bill on the basis of the last few years' decline in their home's value. Those who have equity have flocked en masse to refinance their 7% home loans into the 4% to 5% rates of the last few months. These strategies offer some of the heftiest household savings out there for the corresponding investment in time and money they take. But here's a caveat for savvy homeowners who slash these costs: remember that property taxes and mortgage interest, the very costs you're minimizing, are also the basis for the major tax benefits of being a homeowner. So plan ahead for your income tax deductions to go down along with your taxes and interest.
5. Don't Forget Those Closing Costs
If you bought or refinanced your home in 2010, you may be so focused on your mortgage interest and property tax deductions that you forget all about your closing costs. Any origination fees or discount points that were paid to your mortgage lender at closing are tax deductible on your 2010 return, get this – even if the seller paid your closing costs. If you can't figure out exactly what you paid, look for your HUD-1 settlement statement, that legal sized paper full of line item credits and debits that you should have received from your escrow provider or title attorney at, or just after, closing. Can't find it? Drop your real estate agent or mortgage broker an email; they can usually get a copy to you quickly.
Please consult your tax professional for details about your tax situation.
Friday, January 28, 2011
Park City ski home with Spectacular views!
Does your company need a corporate retreat? A ski propety to send your best employees as a reward?
This could be the home for you. I bet as a corporate retreat there are some write-offs there for you too.
How's that for a view? Pretty spectacular. You are seeing the Canyons directly and Park City Mountain to the left. This picture was taken a few days ago after a fresh dusting of snow. This ski home has 5 traditional bedrooms, 2 of those have loft areas for playing or additional beds, and one huge room that could be a bunk room ( bet you could put 4-5 sets of bunk beds in there) or a home theatre instead of a bedroom. It's that big.
Don't you want to take care of your employees and have a place to take your family also?
Offered at $1,395,000
http://www.postlets.com/repb/1459542
This could be the home for you. I bet as a corporate retreat there are some write-offs there for you too.
Don't you want to take care of your employees and have a place to take your family also?
Offered at $1,395,000
http://www.postlets.com/repb/1459542
Tuesday, January 25, 2011
Park City and Deer Valley President's week lodging still available
Waited to book your Park City or Deer Valley ski condo for President's week?
That's OK. Check out the properties below that still have availability.
Lower Deer Valley "Daystar" condo 3 bedrooms, 3.5 baths, inlcudes "Dinner on Us"
www.VRBO.com/251679
Lower Deer Valley "Pinnacle" condo, 4 bedrooms, 4.5 baths, sleeps 8-10, Includes "Dinner on Us"
www.VRBO.com/254037
Lower Deer Valley "Nordic Village home, 5 bedrooms, 5.5 baths sleeps 8-12, Includes "Dinner on Us"
www.VRBO.com/150131
Ski properties with some President's week availability:
Empire Pass "Shooting Star" condo Ski-in, Ski-out, sleeps 9 Includes "Dinner on Us"
www.VRBO.com/147043
Lower Deer Valley "Fawngrove" condo, 2 bedrooms, 2 baths, sleeps 4-6, Includes "Dinner on Us"
VRBO.com/265217
That's OK. Check out the properties below that still have availability.
Lower Deer Valley "Daystar" condo 3 bedrooms, 3.5 baths, inlcudes "Dinner on Us"
www.VRBO.com/251679
Lower Deer Valley "Pinnacle" condo, 4 bedrooms, 4.5 baths, sleeps 8-10, Includes "Dinner on Us"
www.VRBO.com/254037
Lower Deer Valley "Nordic Village home, 5 bedrooms, 5.5 baths sleeps 8-12, Includes "Dinner on Us"
www.VRBO.com/150131
Ski properties with some President's week availability:
Empire Pass "Shooting Star" condo Ski-in, Ski-out, sleeps 9 Includes "Dinner on Us"
www.VRBO.com/147043
Lower Deer Valley "Fawngrove" condo, 2 bedrooms, 2 baths, sleeps 4-6, Includes "Dinner on Us"
VRBO.com/265217
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