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2020-01-13T07:16:57-07:00
tag:parkcityhousehunters.com,2012-09-20:5292
The Rental Application Process: A Step-by-Step Guide
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<a href="https://www.rentcafe.com/apartments-for-rent-near-me/" target="_blank">Finding a new rental apartment</a> is an exciting challenge, but sometimes we all need a little help. After browsing hundreds of apartments online and finally finding the one you want, next comes the task of filling out the application. As with all things legalese, this is where you need to pay close attention to make sure you’re not missing any details that might cost you.
Although not all applications are the same and you should always go through the requirements for each specific rental, many follow a similar pattern. To help, we’ve put together a step-by-step guide for the application process.
Application
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First, prepare everything you’ll need for the application and start filling it out. The form will likely request personal information, such as your name, address, photo ID, contact information, employment and income information, emergency contacts, pets (if applicable), and background information.
Most properties also offer online applications, which makes it easier to access and provide the information. Be sure to read and complete every field carefully. If you’re moving in with roommates, all applicants must submit these forms separately.
Fees & Refunds
When you apply, you’ll have to pay an application fee, which basically covers the cost of your background and credit checks. Be sure to ask about any additional fees beforehand so you <a href="https://www.rentcafe.com/blog/apartment-search-2/money/5-personal-finance-apps/" target="_blank">plan your budget</a> accordingly. Also, find out whether any of them are refundable. Then, you’ll know the actual costs and be prepared for them.
Background & Credit Checks
As previously mentioned, you’ll be required to go through a screening process that includes credit and background checks. The credit check is necessary to determine how reliable you are as a renter, including whether you pay your rent and other bills on time. During the application process, it’s best to mention your credit score and account for any bad credit, if necessary; if you describe the situation and it’s clear that it was out of your control—such as a past medical bill—then this step will be much smoother.
The same applies for background information. A background check will go back as far as needed, and most landlords check for criminal history. Share any relevant information up front and be transparent to keep the process moving.
Proof of Reliability
All potential tenants need to prove that they can pay the rent. This can be done in different ways, from past references to a co-signer. Past references—either previous landlords or others who can vouch for your reliability—are especially beneficial.
If you don’t have anyone to write a reference for you, consider getting a co-signer. Especially if this is <a href="https://www.rentcafe.com/" target="_blank">your first apartment</a>, ask a reliable friend or a family member to co-sign on the lease. This should be a person with a good credit score who would take legal responsibility if you didn’t pay your rent.
Signing the Lease
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After completing the application and passing the checks, it’s time to sign the lease. Now is the time to ask all of the questions you have, including lease terms, fees, the security deposit, utilities, maintenance requests, guest policies, and more. Make a list of what you want to know and things that aren’t clear and go through them with your landlord. This is an important step, so make sure you do your <a href="https://www.rentcafe.com/blog/apartmentliving/tips-tricks-renters/8-questions-signing-lease-agreement/" target="_blank">research before signing the lease</a>.
Taking everything one step at a time means you’ll be better prepared and more confident during the entire process. Best wishes as you search for the perfect apartment!
About the author: Mihaela Buzec is a passionate reader and writer with an affinity for language and linguistics, as well as the latest technological developments. She discovered her passion for real estate at <a href="https://www.rentcafe.com/blog/" target="_blank">RENTCafé</a>, and you can read more of her articles on their blog.
2020-01-13T07:00:00-07:00
2020-01-13T07:16:57-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:3975
Living In Park City, Utah The Definitive Guide [2019]
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Those who hail from Park City, Utah know that it is a haven for recreation. While it may be a popular tourist spot, what about those who are looking to relocate to this city? Here is our ultimate guide to living in Park City, Utah.
Where is Park City, Utah?
Utah is part of the western United States, and is bordered by Idaho to the north, Wyoming to the northeast, Colorado to the east, Arizona to the south, and Nevada to the west.
Located in the Summit County of Utah, Park City is located about 40 minutes south of Salt Lake City. Its location makes it part of the Wasatch Back, which is a region of the Rocky Mountains.
About Park City
Park City began as a mining town. But when the industry shut down, the city started to rebuild in the ’80s and ’90s as a recreational resort destination. Park City Ski Resort and the Canyons resort merged in 2015, which is now the largest ski area in the USA, with 17 slopes, 300 trails, 14 bowls and over 22 miles of lifts.
Because Park City, Utah has become such a destination, tourism brings in over $529 million a year to the Utah economy. They also host the Sundance Film Festival, which can account for $80 million.
<a href="https://www.sundance.org/festivals/sundance-film-festival" title="The Sundance Film Festival" target="_blank">The Sundance Film Festival</a> is held every winter in Park City. This festival hosts original filmmakers and audiences that come together to view original work, which usually includes dramas and documentaries, and many of these films become critically acclaimed.
The estimated population for Park City is approximately 8,504. From December to March, it is cold and snowy, with an average temperature of around 35º, which is ideal for skiing and tourism. The summer months are warm, averaging around 80º, which is also suitable for summer tourists.
The people of Utah are primarily of the Mormon faith, with about 62% of the state’s population belonging to the Church of Jesus Christ of Latter-day Saints, with Mormon’s making up 35% of Park City’s population.
The average house cost in Park City is $798,000. Housing costs have risen over 12% in the last few years, and they are projected to continue to grow.
Local Economy
<img src="https://assets.site-static.com/userfiles/437/image/park_city_utah_economy.png" width="1020" height="225" alt="park city utah economy" title="park city utah economy" />
Many people choose to live in Park City because of the lifestyle.
Because Park City is a destination for tourism year-round, it has a thriving local economy. It’s home to recreation spots, Outlet Park City which is home to 63 stores, and many other booming businesses. If you’re looking to move to this beautiful city, there are many employment options.
The primary industries that people work in are Management and business, Sales, and Service. They have a very high employment rate at 97.1%, making their local economy very healthy.
Many people choose to start their own businesses here. With all the recreation options and tourism, entrepreneurial ideas thrive in Park City.
Those who don’t want to work in the major industries in this tourism hot spot do have the option to commute to Salt Lake City. There tends to be less traffic going from the mountains to the city, which has a population of over 190,000, which means more industries and more options. Depending on the job, many people are afforded the ability to work from home as well.
The minimum wage in Park City is $7.25 per hour and it is estimated that the living wage is $11.93 per hour. The average salary is just over $48,000. Managers make an average of $50,000-$70,000 a year, Chefs can make around $42,000 a year, and HR Managers can make over $80,000 a year. The most popular employers in the Park City area are <a href="https://www.skullcandy.com/" title="SkullCandy" target="_blank">SkullCandy</a>, <a href="https://www.deervalley.com/" title="Deer Valley Resort" target="_blank">Deer Valley Resort</a>, <a href="https://www.backcountry.com/" title="Backcountry" target="_blank">Backcountry.com</a>, and <a href="http://www.vailresorts.com/Corp/info/park-city.aspx" title="Vail Resorts" target="_blank">Vail Resorts</a>. They all offer competitive wages.
A majority of the jobs in Park City are customer service and hospitality, which pay closer to minimum wage. These types of jobs typically pay around $23,000 annually. This salary lands just below the national average.
<a href="https://www.parkcityhousehunters.com/property-search/results/#city_Park%20City/state_UT/" title="Find your dream home in Park City, Utah"><img src="https://assets.site-static.com/userfiles/437/image/button_find-your-dream-home-in-park-city-utah.png" width="432" height="37" alt="Find your dream home in Park City, Utah" title="Find your dream home in Park City, Utah" /></a>
Neighborhoods
<img src="https://assets.site-static.com/userfiles/437/image/park-city-utah-neighborhoods-1020.png" />
Park City offers a variety of unique regions that all have particular characteristics that people love.
<a href="https://www.parkcityhousehunters.com/old-town/" title="Old Town UT Real Estate">Old Town</a>
Old Town is the neighborhood that pays homage to the mining past of the city. The Park City Historic Commission has worked hard to keep the community's character intact. Including Main Street, this community offers shopping, fine dining, and beautiful architecture that honors the former life of the city. The homes in this neighborhood are mostly condos and ski-in, ski-out homes, with a few options for single-family dwellings.
<a href="https://www.parkcityhousehunters.com/lower-deer-valley/deer-lake-village/" title="Deer Lake Village Homes for Sale">Upper & Lower Deer Valley</a>
Lower Deer Valley is located close to the base of the resort, featuring many single-family homes and condominiums. Its location is ideal for residents who want to be close to the historic Main Street for shopping and dining while also being close to the slopes. In the summer, residents of Lower Deer Valley are within walking distance to the summer concert series held annually.
Upper Deer Valley is a community offering mountain homes located slope-side, or within walking distance to the resort. There are many condos available or luxurious gated community family homes available in this neighborhood. Silver Lake Village is located in this community, which is the mountain dining and shopping hub at 8,000 feet. There are many prestigious resorts, spas and tourist spots in this area.
<a href="https://www.parkcityhousehunters.com/thaynes-canyon/" title="Thaynes Canyon UT Real Estate">Thaynes</a>
Close to hiking trails at the base of the Park Mountain Resort, Thaynes Canyon is a community that offers high-end family homes, single-family homes and condos. The district also boasts the Park City Golf Course and hospitality options for tourists, including spas, fine dining, and top-rated hotels.
<a href="https://www.parkcityhousehunters.com/the-canyons/" title="The Canyons UT Real Estate">The Canyons</a>
The Canyons might be the most diverse community in terms of home styles and prices. The Canyons offers multi-million dollar homes and single-family homes. The community is in a convenient location, situated midway between Kimball Junction and Old Town.
<a href="https://www.parkcityhousehunters.com/empire-pass/" title="Empire Pass UT Real Estate">Empire Pass</a>
Located at the highest elevation of the Deer Valley Resort is this luxury community of condominiums and single-family homes. Excellent access to skiing and amenities, the residents of this area are also privy to a membership at the Talisker Club. The membership offers a long list of privileges at the Tower Club and Tuhaye Golf Course and Club.
<a href="https://www.parkcityhousehunters.com/glenwild-silver-creek/silver-creek/" title="Silver Creek Homes for Sale">Silver Creek</a>
Silver Creek is a community that offers larger land lots that are close to trails for those who might be interested in becoming equestrians or already own horses.
Schools
<img src="https://assets.site-static.com/userfiles/437/image/park_city_utah_education_and_schools.png" width="1020" height="225" alt="park city utah education and schools" title="park city utah education and schools" />
There are 19 public schools in the Park City area. 6 Pre-K schools, 7 Elementary Schools, 4 Middle Schools, and 2 High Schools. There are several private school options for parents, offering a wide range of educational opportunities for those looking to relocate here. The Park City School District’s mission is “to inspire and support all students equitably to achieve their academic and social potential.”
The Park City School district is rated the #1 school district in Utah, and the #1 district in Utah with the best teachers. It’s also ranked the #3 district in Utah for teachers to work.
There are no post-secondary education institutions located directly in Park City, but the closest ones are located in Salt Lake City. <a href="https://www.fortis.edu/campuses/utah/salt-lake-city.html" title="Fortis College" target="_blank">Fortis College</a>, <a href="https://www.independence.edu/" title="Independence University" target="_blank">Independence University</a>, <a href="https://beau.broadviewuniversity.edu/" title="Broadview Entertainment Arts University" target="_blank">Broadview Entertainment Arts University</a>, <a href="https://www.devry.edu/about/campus-locations.html" title="DeVry University" target="_blank">DeVry University</a>, <a href="https://www.westminstercollege.edu/" title="Westminster College" target="_blank">Westminster College</a> and the <a href="https://healthcare.utah.edu/locations/redstone/" title="University of Utah" target="_blank">University of Utah</a> in Salt Lake City are all located within 20 miles of Park City.
There are several more options in Salt Lake City, Murray, Provo, Orem, Layton, and Jordan Utah. There are 29 post-secondary options within 100 miles from Park City, allowing students to choose if they’d like to commute to their desired post-secondary school.
Park City is home to a beautiful library with over 70,000 books and resources, free public computers and more. They host events, art exhibits, local author nights, and they have their very own podcast.
Public Transportation
The Park City transit system is an environmentally friendly and easy way to get around the city. It’s a free inter-city transit system that is fueled by biodiesel. With service to the Historic downtown, the most popular resorts, and shopping, the transit system makes it easy for tourists to get around for fun and shopping without spending a dime.
There is also a trolley system on Main Street that runs from 10 am to 11 pm daily with many stop options along the way.
For those who choose not to take advantage of the free transit system have the option of Taxi, Uber, Lyft, car rental, or driving their own vehicle. There is a new Uber option called UberSki. The option ensures your Uber driver is driving a bigger vehicle equipped for snow and winter weather and can transport your ski or snowboarding gear.
Restaurants
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With some exceptional local and chain restaurants, Park City has something for everyone. A huge focus on healthy options, vegan and vegetarian options and supporting local sources, Park City tries to be inclusive of everyone. Here are the top 5 rated restaurants in the city.
<a href="https://www.yukiyamasushi.com/" title="Yuki Yama Sushi" target="_blank">Yuki Yama Sushi</a>
Located on Main Street, this sushi restaurant is rated #1 on TripAdvisor. It has an overall 4.5-star review with over 500 contributions. Yama offers the highest quality and freshest fish imported from all over the world. The menu has many traditional Japanese options and some more modern twists on customer favorites. With a sleek ambiance of wood and stone decor, this restaurant is a favorite among tourists and residents alike.
<a href="https://www.twistedfern.com/" title="Twisted Fern" target="_blank">Twisted Fern</a>
Rated #2 on TripAdvisor with a 4.5-star rating and almost 200 reviews, Twisted Fern is a favorite in Park City. Considered “New American” cuisine, Twisted Fern focuses on whole foods that are minimally processed and sourced locally. They have an array of vegan and vegetarian options as well as an impressive kids menu.
<a href="https://www.five5eeds.com/" title="Five5eeds" target="_blank">Five5eeds</a>
4.5-Stars on TripAdvisor with over 160 reviews, Five5eeds is a cafe that is committed to bringing excellent coffee and food to Park City. With a focus on locally-sourced nutritious food that pays homage to Australian roots, this restaurant also offers vegan and vegetarian options. Customers say it's some of the best brunches you can find in Park City.
<a href="https://www.ruthschris.com/restaurant-locations/park-city/" title="Ruth’s Chris Steak House" target="_blank">Ruth’s Chris Steak House</a>
With almost 700 reviews and a 4.5-star rating on TripAdvisor, this chain restaurant impresses every time. Ruth’s Chris Steak House is known for its incredible food and service. It’s the go-to destination for special occasions, and those who eat there consistently call it the best steaks in Park City.
<a href="https://www.riverhorseparkcity.com/" title="Riverhorse on Main" target="_blank">Riverhorse on Main</a>
Last but not least is the #5 best restaurant in Park City, with over 1200 reviews and an overall score of 4.5-stars, Riverhorse on Main is a local favorite. It is one of the oldest restaurants on Main Street and is critically acclaimed. They are constantly rotating and updating their menu, but they are considered American cuisine. They offer vegan and vegetarian options for their guests as well. They are on the more expensive side, making them an excellent choice for special occasions and celebrations. They have been the recipient of the Forbes Travel Guide Four-Star Award 17 times. They also host events, provide catering services, and even offer the ability to hire a private chef from their staff.
<a href="https://www.parkcityhousehunters.com/property-search/results/#city_Park%20City/state_UT/" title="Find your dream home in Park City, Utah"><img src="https://assets.site-static.com/userfiles/437/image/button_find-your-dream-home-in-park-city-utah.png" width="432" height="37" alt="Find your dream home in Park City, Utah" title="Find your dream home in Park City, Utah" /></a>
Things to Do
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There is so much to do in Park City, Utah. Given the location of this city and the nature that surrounds it, the options are endless. When it’s said that people move to Park City for the lifestyle, here’s why:
Shopping
Whether you prefer to peruse the local boutiques or find a brand name bargain, Park City has both options to enjoy. Historic Main Street is home to many quaint little shops that include handmade furniture and gifts, books, collectibles and more. For brand name shops, the Outlets Park City is a shopping center with over 65 stores, including Nike, Fossil, Under Armour and Tommy Hilfiger. You’ll find everything you’re looking for here.
Parks
The state parks located near the city are Rockport and Wasatch Mountain. Rockport State Park is situated around the Rockport Reservoir. Summertime calls for bringing the boat out and going fishing, waterskiing, tubing or wakeboarding. Visitors can rent kayaks, paddleboards, and pontoon boats. This park is also a camping hot spot. Pop up your tent, bring your RV or rent a cabin on the park’s 770 acres of land.
During the summer, Rockport opens up a family-friendly 3D archery range! Shoot zombies, beavers, boars, and deer at nine different stations. They also host live music events and fishing tournaments. In the winter, there are many snowmobiling trails nearby and plenty of spots for ice fishing.
Wasatch Mountain State Park offers a lot of winter sports activities. This park is home to a 7.2-mile Nordic ski track, 31 kilometers of trails for cross country skiing and snowshoeing, and a tubing park with lanes and lifts. In the summer, there are many options for camping, hiking, horseback riding, mountain biking, and more. There are four 18-hole golf courses located within the park and plenty of wildlife to watch while you’re there.
Family Fun
<img src="https://assets.site-static.com/userfiles/437/image/family_activities_park_city_utah.png" width="1020" height="225" alt="family activities park city utah" title="family activities park city utah" />
There are endless options for fun with the whole family. Skiing, dog sledding, zip-lining, an alpine coaster, and more outdoor events are great for families with older children. For the younger ones, the <a href="https://kimballartcenter.org/" title="Kimball Art Center" target="_blank">Kimball Art Center</a> hosts classes and activities to keep your kiddos entertained and learning. The Swaner Preserve and EcoCenter is an excellent place for some family fun. The center showcase educates and entertains little ones. There are different programs for all ages, so you’re sure to find one that suits your family best.
Arts & Culture
The art community in Park City is a thriving, healthy community. A World-class theater, the Sundance Film Festival, concert series, art galleries, Museums and more enrich the lives of the residents and tourists alike. Whether it's winter or summer, there is always something going on in the art community in Park City.
Wellness
Yoga is trendy in Park City. Several traditional yoga studios in the city can help you relax and recenter, but there are also yoga events that take you into nature, year-round. Organizations like Park City Yoga Adventures, BackCountry Yogis, Blue Sky Ranch, and Eventful Yoga focus on practicing yoga in nature. Park City is also home to a meditation studio that is welcoming, cozy, and highly recommended.
There are several spas in Park City, many of them award-winning. Haircuts, facials, spray tans, Salt stone therapy, and manicures are only the tip of the iceberg when it comes to the services offered in this city.
If you’re not one to work out and exercise in nature, several indoor fitness facilities are available. Gyms, Pools, and a rock-climbing wall, there are options for all tastes.
Indoor Entertainment
Bowling, ice skating, and escape rooms are just some of the excellent entertainment options in Park City.
The Library offers a variety of activities, crafts, and events for kids of all ages, and The Little Gym holds gymnastics classes for parents and children of all ages.
The DeJoria Center is an outdoor concert venue that has immediate access to mother nature behind the building. It is home to State Road restaurant, a tavern, an outdoor dance barn, an indoor concert venue and more.
Outdoor Recreation
<img src="https://assets.site-static.com/userfiles/437/image/outdoor_recreation_park_city_utah.png" width="1020" height="225" alt="outdoor recreation park city utah" title="outdoor recreation park city utah" />
Almost any outdoor activity you can imagine is at your fingertips in Park City. Cross-country skiing, dog sledding, fly fishing, golfing, horseback riding, hot air ballooning, skating, mountain biking, rafting, water sports, sleigh rides, skiing, snowboarding, snow biking, snowmobiling, snowshoeing, tubing and ziplining are just some of the great activities that this city offers.
Skiing and Snowboarding are one of the most popular because of the resorts located within the city. Deer Valley Resort and Park City Mountain Resort are both huge tourist attractions for the city. Deer Valley Resort is a skiing-only resort that is home to five-star hotels, 2,000 acres for skiing and runs for people of all ages and skill levels.
Park City Mountain Resort has it all. From beginner terrain to the types of slopes the professionals' train on, this resort won’t disappoint.
There are actually 4 different hot air balloon companies in the Park City area, which takes seeing the prettiest city in the USA to a whole other level. They are available year-round but are dependant on weather and winds. Even those with a fear of heights, unless they panic, are suitable for these rides, because the ascension is so gradual that many people who fear heights recommend this activity. So, pick your favorite time of year - snowy mountains in the winter, the green lushness of spring, clear sunny skies of summer and the orange and red of the changing trees in the autumn.
In the summer months, there are plenty of scenic drives to take when you’re looking to do something a little more low-key. Guardsman Pass, Provo Canyon, Alpine Loop Scenic and Mirror Lake Scenic Byway are all close to the city that allows travelers to appreciate the beauty of Utah. These drives range from 1-3 hours and are not recommended for the winter months due to snowy road conditions.
<a href="https://utaholympiclegacy.org/" title="Utah Olympic Park" target="_blank">Utah Olympic Park</a> is located just outside of the downtown core, and it is still a popular place for events and activities since it’s a role in the 2002 Olympics. Visit the Joe Quinney Winter Sports Center, which has a gift shop, memorabilia, videos, and the second-floor museum. The Bobsled Track is open in the summer. Visitors of the park can go tubing down Nordic Jump for a bit of fun! There is also a viewing area for visitors to watch world-class athletes practice and train during the off-season. The venue often holds company events, private family events, and is an excellent place for anyone to visit.
For the thrill-seekers, Park City has Zipline tours and even an alpine coaster that shows it’s riders the most incredible views of the mountains.
Anything you need to purchase or rent for your outdoor sporting adventures is available in Park City. Many retail stores sell or rent everything you need for any activity.
<a href="https://www.parkcityhousehunters.com/property-search/results/#city_Park%20City/state_UT/" title="Find your dream home in Park City, Utah"><img src="https://assets.site-static.com/userfiles/437/image/button_find-your-dream-home-in-park-city-utah.png" width="432" height="37" alt="Find your dream home in Park City, Utah" title="Find your dream home in Park City, Utah" /></a>
Sources:
<a href="https://en.wikipedia.org/wiki/Park_City,_Utah" title="Park City, Utah wiki" target="_blank">https://en.wikipedia.org/wiki/Park_City,_Utah</a><br /><a href="https://en.wikipedia.org/wiki/Utah" title="Utah Wiki" target="_blank">https://en.wikipedia.org/wiki/Utah</a><br /><a href="https://www.sundance.org/festivals/sundance-film-festival/" title="Sundance Film Festival" target="_blank">https://www.sundance.org/festivals/sundance-film-festival/</a><br /><a href="http://worldpopulationreview.com/us-cities/park-city-ut-population/" title="Park City, Utah population" target="_blank">http://worldpopulationreview.com/us-cities/park-city-ut-population/</a><br /><a href="https://www.visitparkcity.com" title="Visit Park City" target="_blank">https://www.visitparkcity.com</a><br /><a href="https://wasatchmovingco.com/blog/moving-to-park-city-ut-everything-you-should-know/" title="Everything you should know when movng to Park City" target="_blank">https://wasatchmovingco.com/blog/moving-to-park-city-ut-everything-you-should-know/</a><br /><a href="https://www.utahbusiness.com/live-work-park-city/" title="Live and Work in Park City" target="_blank">https://www.utahbusiness.com/live-work-park-city/</a><br /><a href="https://utah.com/culture/park-city" title="Park City, Utah" target="_blank">https://utah.com/culture/park-city</a><br /><a href="https://www.zillow.com/park-city-ut/home-values/" title="Park City, Home value" target="_blank">https://www.zillow.com/park-city-ut/home-values/</a><br /><a href="https://livability.com/ut/park-city/business" title="Park City Business" target="_blank">https://livability.com/ut/park-city/business</a><br /><a href="https://www.payscale.com/research/US/Location=Park-City-UT/Salary" title="Park City, Utah Salary" target="_blank">https://www.payscale.com/research/US/Location=Park-City-UT/Salary</a><br /><a href="https://www.parkcity.org" title="Park City, Utah org" target="_blank">https://www.parkcity.org</a><br /><a href="https://www.niche.com/k12/search/best-public-elementary-schools/t/park-city-summit-ut/" title="Park City, Utah Public Schools" target="_blank">https://www.niche.com/k12/search/best-public-elementary-schools/t/park-city-summit-ut/</a><br /><a href="https://www.collegesimply.com/colleges-near/utah/park-city/" title="Park City, Utah colleges" target="_blank">https://www.collegesimply.com/colleges-near/utah/park-city/</a><br /><a href="https://parkcitylibrary.org/about/" title="Park City Library" target="_blank">https://parkcitylibrary.org/about/</a><br /><a href="https://insideparkcityrealestate.com/park-city-communities/park-city-utah-neighborhoods/" title="Park City, Utah neighborhoods" target="_blank">https://insideparkcityrealestate.com/park-city-communities/park-city-utah-neighborhoods/</a><br /><a href="https://www.thezwgroup.com/neighborhoods/%20" title="Park City, Utah neighborhoods" target="_blank">https://www.thezwgroup.com/neighborhoods/ </a><br /><a href="https://www.tripadvisor.ca/Restaurants-g57097-Park_City_Utah.html" title="Park City Utah Restaurant" target="_blank">https://www.tripadvisor.ca/Restaurants-g57097-Park_City_Utah.html</a>
2019-09-24T11:50:00-07:00
2019-10-15T16:02:29-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:1655
Year End Park City Real Estate Market Pulse
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Year End 2017 Market Pulse Report for Greater Park City
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HEALTHY MARKET CONTINUES
Healthy, Stable, and Growing at Sustainable Rates<br /> <br /> The single-family market transactions and median sales price grew at 5% and 14% respectively over the past year. 84% of these sales occurred outside the Park City Limits as primary home buyers’ demand for the Wasatch Back lifestyle increased. The condominium market transactions and median sales price grew at 4% and 6% respectively from 2016 to 2017. Condominium sales grew slightly faster inside Park City Limits than in other areas in Summit and Wasatch Counties.<br /> <br /> Leadership from the Park City Board of REALTORS® commented, “These growth rates are highly sustainable. We believe the real estate market in Summit and Wasatch Counties is balanced between buyers and sellers. That being said, the market could always use more inventory.”
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MARKET SNAPSHOT <br /> 12 Month Rolling: January 2016 - December 2017<br /> ($ has been rounded to nearest 500 or 1,000)
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MARKET ABSORPTION RELATIVE TO MEDIAN PRICING
When bringing your property to market, it is important to balance your pricing and timeline objectives. The charts below analyze the time on market against the median price within category type, and clearly demonstrate that those properties priced at or below the median are absorbed at a significantly higher pace.
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Areas 1-9 Include: Old Town, Thaynes Canyon, Lower Deer Valley Resort, Deer Crest, Upper Deer Valley Resort, Empire Pass, Aerie, Prospector, and Park Meadows.
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Areas 10-23 Include: The Canyons, Sun Peak/Bear Hollow, Silver Springs, Old Ranch Road, Kimball, Pinebrook, Summit Park, Jeremy Ranch, Glenwild/Silver Creek, Trailside Park, Promontory, Quinn's Junction, and Jordanelle.
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NEIGHBORHOOD STATISTICS
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Park City Limits sales prices increased by 13% and median sales price increased by 12%.
Old Town sales increased 30% while median sales price increased only 2%.
Prospector sales increased 30% and median sales price increased 7%.
Park Meadows sales were flat however median sales price increased 13%.
Snyderville Basin sales increased by 7% and median sales price increased by 6%.
Sales in The Canyons were up 13%. Median sales price decreased 31%.
Sales in the Silver Springs area were flat and median sales price increased 6%.
Pinebrook sales were also flat but median sales price increased 7%.
Jeremy Ranch sales increased a healthy 25% and median sales price increased 5%.
Promontory sales increased 20% while median sales price decreased 14%.
Jordanelle sales increased 66% and median sales price increased 9%
Heber Valley sales decreased slightly however the median sales price increased by 15%.<br /> <br /> Kamas Valley overall sales increased 4% and the median sales price increased 1%.
Wanship, Hoytsville, Coalville, Echo, and Henefer sales increased 13% and median sales price increased 9%.
Kamas and Marion sales were up significantly, and median sales price increased 3%.
Oakley and Weber Canyon sales and median sales price decreased 13% and 2% respectively.
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Sales inside Park City Limits increased 14% and the median sales price increased 6%.
Old Town sales led the way with a 19% increase in volume; median sales price was flat.
Lower Deer Valley sales increased 18% and the median sales price was up slightly.
Prospector sales and median price were essentially unchanged from 2016 to 2017.
Snyderville Basin sales decreased 4% and the median sales price increased 6%.
Kimball sales increased 3% and the median sales price sales increased 33%.
The Canyons sales decreased 6% and the median sales price dipped 10%.
Pinebrook sales decreased 17% but the median sales price increased 10%.
Jordanelle sales increased 1% and the median sales price increased 1%.<br /> <br /> Heber Valley sales and median sales price were flat to last year.
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Within the Park City Limits, 24 lots closed, with a 19% increase in the median price from $690,000 to $820,000. In the Snyderville Basin, transactions were up slightly year over year; a total of 154 lots closed with a 5% decrease in the median price from $460,000 to $437,500. In the Jordanelle area there were a total of 104 lot sales. The median there rose 14% from $390,000 to $445,500.
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WASATCH BACK INVENTORY <br /> LOWEST EVER
While the entire nation is experiencing record low inventory levels, the Wasatch Back market has seen an even more dramatic decrease. This is an ideal time to consider how your property's utility fits your current lifestyle. Is it time to sell in order to move on to a smaller or larger option, or maybe just time to cash out?
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Four-Quarter Price Change by State
What's the Health of Your Primary Market?<br /> Purchase-Only Index (Seasonally Adjusted): 2016 Q3 - 2017 Q3.
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LOOKING FORWARD
At the 40,000-foot level, the Park City real estate market is healthy and steady. However, each micro-market needs to be understood apart from the overall market. Simply reviewing the numbers is not sufficient to understand the big picture. Individual markets can be influenced by a number of factors including unique outlier sales that can heavily influence the statistics. In addition, the amenities, property condition, floorplan, location, and new construction can impact the numbers. The only sure way to fully understand the local real estate market is to contact me for an in-depth analysis.
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UP NEXT
Get Ready for Spring Time Fun Along the Wasatch Back! <br /> Get Ready for Spring Time Fun Along the Wasatch Back! Look for our Spring Events Newsletter coming soon.
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HEATHER FELDMAN | REALTOR®
<a href="tel:435-731-0803" target="_blank" style="mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #c90808; font-weight: bold; text-decoration: underline;">435.731.0803</a> | <a href="mailto:Heather@ParkCityHouseHunters.com" target="_blank" style="mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #c90808; font-weight: bold; text-decoration: underline;">Heather@ParkCityHouseHunters.com</a> | <a href="https://www.parkcityhousehunters.com/" target="_blank" style="mso-line-height-rule: exactly; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #c90808; font-weight: bold; text-decoration: underline;">www.ParkCityHouseHunters.com</a>
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All data derived from statistics provided by the Park City Multiple Listing Service and Rick Klein of Wells Fargo. Cover imagery courtesy of Brent Haddock Photography.
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2018-02-05T20:33:00-07:00
2018-02-05T20:39:12-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:1553
Does the Realtor you found on the internet sell in the area you are looking?
Does the Realtor you found on the internet really sell in the areas they say? How to find out and save yourself huge disappointment.
You are like many internet searchers out there. You do a reasonable amount of searching - you research the area, the activities available, the schools, parks, property taxes, maybe even the restaurants. You even research to find the Realtor that looks to be the best for your needs. Their website says they serve your area...but do they?
There are no internet police determining whether Realtors actually have sold real estate in the areas they claim to service.
When Realtors create their websites they choose certain cities they clain to service. There are no internet police determining whether they actually know the areas , have made any sales in the areas or for that matter have ever even visited the areas they claim to service.
I've seen it time and time again. Especially here in Park City Ut with America's Largest Ski Resort, Park City Mountain Resort. Realtors all over Utah have Park City on their list of areas they service. They want to sell that expensive home here just like the local Park City agents do. There's one problem - not only do some of these agents live 30-70+ miles away, they do not know the areas nor the neighborhood nuances. Most have never sold a home in Park City or Deer Valley and many of these Realtors do not even have access to the Park City MLS.
I wish there was a little more truth and integrity in this industry. But until there is, the onus is on you, the buyer or seller to ask the right questions.
Asking questions can help ferret out the real local Park City Ut ( or any area) Realtors from the posers.
Here are a few questions you can ask to help determine whether the Realtor you see online that looks so great is for real or just hoping you won't know the difference.
Ask them to describe the target area or city - do they have enough details? Do they impart information that is more than what you just read on the local visitor information site?
Ask the potential Realtor how close they live to the target area or city - if they live outside of the area that can be a red flag.
Where is their brokerage located? Sometimes that can be a giveaway. Most often the agents that do the most business in a target area or city work at a local brokerage, not one based in another city or geographic area.
Ask how many sales they have made in the area or city in the last 12 months and if they are able to provide some addresses for confirmation.
Tell them of your needs and ask them for specific neighborhoods that may fit. If they don't know some good neighborhood options, that should be a red flag
Ask them how long they have been selling in your target area or city. I've heard Realtors respond with " I just started selling in Park City, but I've been going there for years to ski". Selling is not the same as visiting an area.
I cringe as I write this, but you can also check Zillow for agent sold properties.
What is their website address? Not all Park City Realtors have Park City in their url, but you can bet they don't have Ogden, Logan or Salt Lake City in their names! This rule applies for other cities too. You're not going to find your best option for a good Realtor with another city highlighted in their url.
None of the above will guarantee you will find the perfect Realtor. Just hoping they help you approach the internet search for a Realtor with some newfound insights.
If you are looking for a Realtor in the greater Park City, Utah area, look no further. I live here and sell real estate here. Not Salt Lake City, not St. George, just the greater Park City area which includes Park City, Deer Valley, Kamas areas, Heber City, Midway and Wanship.
Please call me and I will be happy to answer all of the above questions!
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Heather Feldman
435-731-0803
2017-12-03T14:49:00-07:00
2017-12-03T15:54:48-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:949
Costly Mistakes Greedy Sellers Make
Greedy Sellers make costly mistakes
I see it every day. Our Park City Market is looking good. Really good. Homeowners decide it's time to take their equity out of their property and move up ..or down. Awesome idea, Right?
Here is where the problem comes in - they see the home down the street sold for $xxxx. Wow. That's a great price. Mine must be worth $xxxx plus another $100,000. Maybe, but probably not.
I am all for pushing the limits so sellers leave NO money on the table...
I am all for pushing the limits so sellers leave no money on the table, but there are limits to what the buyers will swallow. Say a home on your street of similar size, similar lot size was recently upgraded and sold for $500 per sq ft. about a month ago. The market continues to increase, and your seller thinks that even though their home is not quite as nice and maybe their location is not quite as good, they want to list theirs at $600 per sq ft. Really?
Most buyers have been watching the market via the internet or in person and know exactly what the house down the street looked like. They will have a hard time paying much more for your home even if it is of the exact same quality let alone if it is lesser quality.
Don't make this costly mistake. Remember the old "Bird in the hand" adage? In theory this buyer is already excited about your neighborhood or they wouldn't be watching it. <a href="https://www.viewhomes.ca/blog/5-things-first-time-home-buyers-need-to-know/" title="5 things first time home buyers need to know">Buyers</a> will wait until a better value comes along and grab that one. Don't get greedy and they will realize yours is a great opportunity and not an overpriced mistake.
Want to know what your home is worth in Park City Utah? Call me today!
2016-04-01T09:49:00-07:00
2019-11-05T13:13:00-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:917
Ski, Ride and GRUV!
If you want to know the true indicator of Spring in Park City...my gosh people! Don't look at the weather. Locals around here know that Spring has sprung when the Spring GRUV arrives in the Canyons Village at Park City Mountain Resort! This is a highly anticipated annual event and locals are crafting their costumes weeks, if not months, ahead of time. I can barely picture myself in a lime green morph suit, let alone be seen by hundreds of spectators skimming across a 100ft pond in one while wearing a beer helmet and donning a cardboard captain america shield, but that's exactly (or a close version of) what you're going to see at the Spring GRUV! Talk about an atmosphere that's sure to spark your spunky side, you can't help but become part of the festivities. I stood pond side for the last pond skimming contest and any funky character that was able to spray the crowd as they slid across the water got extra brownie points and plenty of beligerent cheers from the crowd...and that was the moment I could almost picture myself in a morph suit... but I opted for a beer and a little jammin' Steel Pulse. Mark your calenders for March 12th and make your way to the Canyons Village at Park City Mountain Resort for 2 weeks of Spring GRUV'in'
See you there!
2016-03-07T20:16:00-07:00
2016-03-07T20:39:39-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:910
It Feels Like Spring in Park City
Spring is in the air! So, I'm wondering if maybe, just maybe that Puxsutawny Phil had it right this time OR is it just Mother Nature playing tricks again and soon we'll be blanketed again by Utah's best snow!
Regardless of the weather, there's no denying the days are getting longer and homes in every price range from $300,000 condos to million dollar slopeside mountain homes are starting to pop up on the market. And, whether you're a homeowner looking to sell or a buyer looking for a home in Park City now is the time to put your feelers out and focus on your future buying and or selling needs and wants. I can help with that! Call me for current market trends, statistics and listings available.
2016-03-02T13:15:00-07:00
2016-03-02T13:23:33-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:891
2016 Ski & Snowboard Competitions Set to Fly this Weekend in Park City
2016 Ski & Snowboard Competitions Set to Fly in Park City
Rising film stars were so last week...we are moving onto rising athletes (and I'm not talking Superbowl!) as an action packed weekend is queued up for Park City and Deer Valley starting Wednesday February 3rd through the 6th. Two beloved and ever popular ski and snowboard competitions are flying and twisting their way in on the coat tails of the Sundance Film Festival.
You can choose to visit the FIS Freestyle Ski World Cup hosted at Deer Valley Resort, which is always a crowd pleaser! All aerial and mogul competitions will be held under the lights at Deer Valley Resort, ushered in by a firework show and concert. No doubt this year's competition will include a special commeration and celebration of the late, great Stein Eriksen.
Or, if you'd prefer to head to Park City Mountain Resort you'll be amongst the crowd of ski and snowboard enthusiasts cheering on their favorite athlete at the 2016 US Snowboarding and Freeskiing Grand Prix which highlights the world's best ski and snowboard athletes in Park City's award winning "Eagle Super Pipe."
Oh yea, and if it couldn't get any better...admission is free!
2016-02-03T11:58:00-07:00
2016-02-03T12:19:29-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:885
Park City Utah Prices are Rising and Market Statistics
PARK CITY UTAH 2015 YEAR END REAL ESTATE STATISTICS
Park City, Utah – January 26th, 2016
Summit and Wasatch County property prices rise at a steady market pace in 2015
At the end of the fourth quarter of 2015, the year-end statistics reported by the Park City Board of REALTORS® indicated a slow but consistent annual increase in both the number of closed sales and the median sales price for single family homes, condominiums and vacant lots in Summit and Wasatch Counties.The total dollar volume for 2015 was up 10% over 2014, reaching $1.85 billion, with single family homes sales accounting for the highest dollar volume by property type.
Single Family Home Sales
Within the City Limits (84060), the median sales price of a single family home was 17% higher than the year before, reaching almost $1.52 million, but the number of closed sales decreased by 12%.
By neighborhood, Old Town had the highest number of closed sales with a total of 52 with a 6% increase in median sales price to $1.31 million. Thaynes Canyon had the highest jump in median sales price – up 46% from 2014 to $1.82 million with a total of 11 closed sales for the year. Park Meadows had seven fewer sales than last year but the median sales price was up 11% to $1.44 million. In Prospector, the median sales price increased 6% to $740,000, but there were only 11 closed sales for the year (down 39%), which demonstrates how low inventory of active listings can affect the number of sales in certain neighborhoods.
“Higher median prices of homes within Park City Limits and lower number of unit sales is reflective of demand outpacing inventory."
“Higher median prices of homes within City Limits and lower number of unit sales is reflective of demand outpacing inventory. In this case a decrease of home sales from the previous year is not a sign of a weakening market. In our current cycle, single family homes listed for less than the median sales price are in very short supply,” says Rick Shand, President Park City Board of REALTORS®.
Within the Snyderville Basin (84098), there were seven more home sales at year-end than 2014’s number, with an 18% jump in median sales price reaching $912,500. The median sales price shot up 23% in Jeremy Ranch to $874,000 and was up 25 % in Silver Springs to $960,000, though both neighborhoods were slightly down in the number of sales. The highest increases in the number of sales occurred in Glenwild / Silver Creek (up 77% with 39 sales), Pinebrook (up 30% with 48 sales), and Jordanelle (up 85% with 37 sales). With new construction in Promontory, there continued to be an upward trend in the number of sales, ending the year at 60, with a median sales price of $1.67 million, as well as, in the Jordanelle area, with 37 total sales – up 85% from last year, and a median price of $900,000.
According to Carol Agle, Statistics Chair for the Park City Board of REALTORS®, “In and around the Jordanelle Reservoir we are seeing increased interest from both primary and secondary home buyers. There were 135 condo sales in Jordanelle at an affordable median price of $375,000, and 37 home sales at a median price of $900,000. Contrast that with the rest of Wasatch County ending the year with only 25 condo sales, but 241 single family home sales with an 8% increase in the median sales price to $369,000. We are definitely seeing a dual market then in Wasatch County, with the focus on the Jordanelle area for the newer condos.” In the Kamas Valley, there was a 10% increase in the number of sales with a 4% increase in median sales price to $310,500.
Condominium Sales Within Park City Limits
the number of condominium sales was down 13% from 2014 but up 11% in median sales price reaching $605,000. Neighborhoods with increased closed sales include Lower Deer Valley Resort (up 25%), Upper Deer Valley Resort (up 23%), and Prospector (up 38%). The median sales price for a condo was up 9% in Lower Deer Valley to $780,000, down 35% in Upper Deer Valley to $995,000, down 24% in Park Meadows to $585,000, up 15% in Old Town to $450,000, and up 27% in Prospector to $155,000.
“Once again we see the relative affordability in surprise sectors within Park City. The 55 condo sales in Prospector saw a remarkable $155,000 median sales price. Old Town and the base of Park City Mountain saw 108 condo sales at a median price of $449,000,” Agle adds. The overall Snyderville Basin condo market was up 35% in the number of sales with a total of 361 sales, or one a day, at a median price of $400,000. The strongest condo market was at Kimball Junction and Jordanelle which each averaged a sale every two and a half days with 135 units sold at the median sales price of $375,000. The quantity of units sold in the Sun Peak/ Bear Hollow neighborhood was 71% higher in 2015 than 2014 with a median sales price of $394,000. Jeremy Ranch was up 36% in the number of sales and 15% in median price to $574,000. At the Canyons, the median sales price of $401,000 and 84 closed sales were both flat compared to last year’s number.
Vacant Land Sales
Vacant Land sales account for the smallest volume of the market by property type, though for the total market area, the quantity of lots sold was 9% higher than last year; median sales price was 13% up, and total dollar volume was 8% up. Within the City Limits, there were 13 fewer land sales than last year, a 33% decrease, but the median sales price was up a solid 18% reaching $677, 000. The median price for a lot in Park Meadows was up 19% to $970,000, and in Old Town it was up 35% to $575,000. In the Snyderville Basin, there were 170 lots sold, which is the exact same number as 2014. The Glenwild / Silver Creek area saw increased activity with 42 units sold and a 19% median sales price increase to $443,000. The two neighborhoods with the highest number of vacant land sales were Promontory up 31% to last year with a total of 72 units sold and a median sales price of $305,000, and Jordanelle up 92% with a total of 69 lots sales and a median price of $250,000. Though the number of sold lots dipped slightly in both the Heber and Kamas Valleys, the median sales price increased 15% in both areas reaching $205,000 in Heber and $101,000 in Kamas.
Looking Ahead
The gradual increase in dollar volume, median sales price, and number of closed sales in Summit and Wasatch Counties indicated strong and steady growth in 2015, though the market is not back to the highs of 2007. The median sales price continued to rise slowly at a pace of 4.7% this year, which fits the upward trend we have been seeing annually since 2011. There is still affordable property to be found within Park City Limits and the Snyderville Basin. While new construction continues to be in high demand, buyers must pay the premium costs for it. “Over the past five years, our market has continued to post solid gains. Changes in the overall market have been steady and for the most part, headed in the right direction. Demand appears to be increasing and as more buyers focus on our area for family, work, retirement and lifestyle, inventory will be an issue, particularly in popular areas. Our community will continue to grow and with that, we hope there will be a variety of housing opportunities for a wide range of buyers,” says Shand. Our market continues to be highly segmented with micro-markets dividing product by price, property type, and demand, so it is best to contact me to learn about our market.
Heather Feldman
435-731-0803
2016-01-27T15:54:00-07:00
2018-10-26T18:42:52-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:872
Park City Utah - Sundance Film Festival 2016
SUNDANCE FILM FESTIVAL
PARK CITY UTAH, JANUARY 21-31
Yes, it's that time again. The star studded Sundance Film Festival is a fabulous opportunity to step out into Park City, looking and feeling expensive and luxurious to part in first run movies, movies by new directors and writers and storytelling like available nowhere else. Is there an Oscar Winner out there? Maybe. But you'll never know if you don't watch. Don't forget to attend the parties too!
I'm not a movie afficianado, I had chose one movie in each category I would like to see. Not necessarily for the artistic value but just because.
See below for links to the different Sundance Film Festival 2016 categories AND movies that look interesting...
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/DRM-guide" title="US Dramatic">US DRAMATIC MOVIE GUIDE</a>
<a href="http://www.sundance.org/projects/goat" title="goat">Goat</a> - Just on the name you have to wonder if it's worth a watch, plus Nick Jonas is in it!
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/DOC-guide" title="US Documentary">US DOCUMENTARY MOVIE GUIDE</a>
<a href="http://www.sundance.org/projects/the-bad-kids" title="bad kids">Bad Kids</a> - One person making a huge difference in kids lives
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/WOR-guide" title="World Dramatic Guide">WORLD DRAMATIC MOVIE GUIDE</a>
<a href="http://www.sundance.org/projects/the-lure" title="the lure">The Lure</a> - A tale of bewitching girls with Barbie Doll bodies and Mermaid tails - hmmm
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/WDC-guide" title="world documentary guide">WORLD DOCUMENTARY GUIDE</a>
<a href="http://www.sundance.org/projects/the-lovers-and-the-despot-46058818-6e59-4446-9bc5-3d4cd02c0bf0" title="lovers">The Lovers and the Despot</a> - a look into what happens when art, love and meglomania collide in North Korea
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/PRE-guide" title="Premieres">PREMEIRES</a>
<a href="http://www.sundance.org/projects/the-lovers-and-the-despot-46058818-6e59-4446-9bc5-3d4cd02c0bf0" title="pig">Mr Pig</a> - Granted, the name caught my eye but with Danny Glover and Maya Rudolph, how could you miss it?
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/DCP-guide" title="Documentary Premieres">DOCUMENTARY PREMIERES</a>
<a href="http://www.sundance.org/projects/maya-angelou-and-still-i-rise" title="Maya Angelou">Maya Angelou and Still I Rise</a> - Maya Angelou is worth a watch always
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/NXT-guide" title="NEXT">NEXT MOVIE GUIDE</a>
<a href="http://www.sundance.org/projects/how-to-tell-you-re-a-douchebag" title="douchebag">How to tell you're a douchebag</a> - On the title alone I must see this
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/SPT-guide" title="SPOTLIGHT">SPOTLIGHT MOVIE GUIDE</a>
<a href="http://www.sundance.org/projects/maggie-s-plan">Maggie's Plan -</a> Not a new concept but looks interesting
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/SPE-guide" title="special events">SPECIAL EVENTS MOVIE GUIDE</a>
<a href="http://www.sundance.org/projects/11-22-63" title="jfk">11-22-63</a> - Because of the cast and I'm always up for a JFK twist
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/SUN-guide" title="from the collection">FROM THE COLLECTION MOVIE GUIDE</a>
eh - nothing looks that compelling
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/KID-guide" title="KIDS">SUNDANCE KIDS GUIDE</a>
<a href="http://www.sundance.org/projects/the-eagle-huntress" title="eagle huntress">The Eagle Huntress</a> - Appears to be an inspirational and fascinating story of a culture so unlike ours with a heroine the kids will admire.
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/MID-guide" title="MIDNIGHT">MIDNIGHT MOVIE GUIDE</a>
<a href="http://www.sundance.org/projects/the-greasy-strangler" title="greasy strangler">The Greasy Strangler </a>- Sounds like a quirky, funky comedy
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/NFF-guide" title="NEW FRONTIER">NEW FRONTIER MOVIE GUIDE</a>
<a href="http://www.sundance.org/festivals/sundance-film-festival/program/SHP-guide" title="SHORTS">SHORT MOVIE GUIDE</a>
<a href="http://www.sundance.org/projects/fuckkkyouuu" title="fuckkkyouuu">Fuckkkyouuu -</a> another one based on title alone. The premise of the movie sounds appealing too. To go back and visit your past self.
<a href="http://www.sundance.org/">http://www.sundance.org/</a>
2016-01-03T11:40:00-07:00
2016-01-30T19:09:17-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:847
Park City Pre Season Snow!
2015-11-14T13:27:00-07:00
2015-11-14T13:36:30-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:845
Park City Ut Old Town New Construction - take a sneak peek!
Park City Old Town's New Construction is on fire!
New construction homes are few and far between. Take a sneak peek of 908 Woodside. This soon to be listed ski home is only 120 yards to the Town Lift run that takes you to the largest ski resort in the USA, plus an easy walk to Park City's Historic Main Street. It has everything you could ever want!
<img src="https://assets.site-static.com/userfiles/437/image/IMG_2870.JPG" width="603" height="452" />
View from the Rooftop Deck
This Old Town New Construction home will feature:
5 bedrooms, 4 baths
Sleeps 12
Modern clean lines with a warm feel
FABULOUS ROOFTOP DECK!
Stainless Steel Viking Appliances
Fully Furnished with design by CCG Howells Interior Design
1 Car Garage
Air conditioning
Audio system
Entertainment room
French Oak floors, Reconstituted Walnut cabinets ( very cool)
Granite and Quartz counters throughout
Owner/Agent
<img src="https://assets.site-static.com/userfiles/437/image/IMG_2879.JPG" width="813" height="609" />
Front of home showcasing the heated driveway.
<img src="https://assets.site-static.com/userfiles/437/image/IMG_2874.JPG" width="623" height="467" />
Stainless steel tile accent in Bunk Room Bath.
<img src="https://assets.site-static.com/userfiles/437/image/IMG_2872.JPG" width="623" height="831" />
2015-11-12T19:42:00-07:00
2015-11-14T17:53:08-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:844
Park City Ut Main Street Webcam
Park City Ut Historic Main Street Webcam link.
Watch it snow in Park City Ut and dream about your ski vacation!
<a href="https://www.visitparkcity.com/visitors/web-cameras/" title="Park City - Historic Main Street Webcam">https://www.visitparkcity.com/visitors/web-cameras/</a>
See the snapshot from tonight at 8:11. A few inches of snow still on the ground.
<img src="https://scontent-sjc2-1.xx.fbcdn.net/hphotos-xaf1/v/t1.0-9/12235059_10153293493239226_1547053109725548307_n.jpg?oh=630cf410a5959eafdeb2c1fb9663f107&oe=56F23BC3" width="960" height="640" />
<img src="https://img.hdrelay.com/snapshots/CID_DRLC00000074/1447211348882_800x450.jpg" width="800" height="450" />
2015-11-10T19:58:00-07:00
2015-11-14T21:41:50-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:728
Park City Utah and the 'Vail Effect'
Park City, Utah, Real Estate and the "Vail Effect" Has it changed our town?
This morning I saw a story KUTV posted about the concern of Real Estate prices rising because of "Vailienation" - meaning Vail's coming to town has caused Real Estate prices to rise and has priced out many of our locals. The story brought out quite a few negative comments about the growth.
Yes, Vail coming to our ski town has changed things. Park City Utah is different from when I moved here 9 years ago, but it was also different in 2006 than it was when I first skied here in 1978 too. Growth happens. Anytime you have a super desirable place to live, people find out about it and it changes.
Anytime you have a super desirable place to live like Park City, people find out about it and it changes and grows.
Talk to your parents and grandparents about how things were at the beaches in California 20 or 30 years ago. My husband's parents tell stories of how they could have purchased land at Jamboree and Pacific Coast Highway - prime land in Newport Beach- for $49,000 in the 70's when it was an orange grove. Things change. I grew up in Las Vegas back in the day where the Mob ruled, traffic was light and the town was relatively small. Not the same place it was when I lived there either. Things change.
Has it really changed our real estate values? Sure. Areas that are close to the resort like Old Town in Park City proper or The Colony at Canyons - now known as Canyons Village at Park City, Park Meadows and a few more have really jumped in the last year or so and you will find homes in those areas valued at $100,000,000 to upwards of $500,000,000. But, did you know that homes under $500,000 are still available? Condos are available under $300,000? You may not be able to walk to the lift, your drive to the resorts may be 6-10 minutes.
Do you realize what that means to be able to drive 6-10 minutes to the largest ski resort in the USA? Most skiers would kill for that drive!
The changes are not all positive. We have a new problem with traffic during our busy times, restaurants are booming and you don't run into 20 friends everywhere you go. There are newcomers and visitors too.
The Vail Effect has changed our lives for the good as well. With growth comes new, better job opprotunities. Real Estate prices rising can change lives too. For example: that home you bought in Park City for $300,000 in 2002 and is now worth $900,000 that you owe about $200,000. If you sold it, what could you do with the windfall? Buy a bigger, better home? Buy a small condo in Park City and a beach condo? Buy a home on 10 acres in one of our outlying communities? Anything is possible.
Bottom line is yes, Park City has changed. It will change again. I can help in one way - if you are looking to change your lifestyle by selling your Park City home, please call me. Now is a great time to sell.
If you are reading this and do not have your dream home in Park City yet. I can help with that too. Grabbing a Park City Ut home now may be the right time before things change.
Heather Feldman, Realtor
heather@parkcityhousehunters.com
435-731-0803
2015-08-02T09:00:00-07:00
2016-02-22T12:34:22-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:724
There is only one Park City Mountain
Published on Jul 29, 2015
Park City Mountain Resort and Canyons Resort have combined to create the largest single ski and snowboard resort in the United States.
A new 8 passenger gondola connection, along with the new King Con Express six-pack and Motherlode Express Quad make up just some of the improvements totaling over $50 million for the 2015-16 season. With over 7,300 acres, 300+ trails, 38 lifts, seven terrain parks, six natural half pipes, one super pipe and one mini pipe, plus many diverse ski-in/ski-out and village adjacent lodging properties, Park City is an easily accessible, world-class mountain destination located in an authentic and historic western town.<br /><br />There is only one largest resort in the United States<br /><br />There is only one mountain uniting 17 peaks of unmatched possibility.<br /><br />There is only one legendary ski town.<br /><br />There is only one place you are meant to be.<br /><br />There is only one. Park City.
2015-07-29T22:40:00-07:00
2015-07-29T22:47:37-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:711
Sellers- Do you want to sell your home or not?
Sellers - Do you want to sell your home or not?
I haven't written in a while but this subject has been driving me crazy for quite a while. OK - here we go!
Sellers, do you know what it takes for the Buyer's agent to set up a weekend of showings for a client ?
We agents search through sometimes hundreds of listings to dial down the best choices for our client based on their desires, compile that list set up a showing schedule geographically and design it to not overwhelm the client, and try to figure out how much time the client will want to spend in each home to make sure the day flows properly.
Not so tough right? Wrong. One of the most challenging aspects of setting up our clients to see YOUR home is the fact that the agent must be present for showings. Ugh! Really?
One of the most challenging aspects of setting up showings is when the seller's agent must be present for showings.
Let's look at some of the possible reasons...
Is it because you don't think the buyer's agent knows enough about your house/neighborhood/area?
Is it because you feel that your possesions will be at risk if your agent is not there?
Is it because you want your agent to "sell" the house while the client is in your home?
Is it because your agent has convinced you it is best if they are there during showings?
Let's talk about how this decision to require that the agent be present can effect your ability to sell your home.
1. When setting up first time showings for a client, buyer's agents show not only homes that fit the buyer's wish list, but homes that are easy to show. Don't tell me I have to totally rearrange the schedule I have spent hours creating because your agent can't be there when I am in your area. Often times your home gets dropped from the showing list and another,similar one replaces it when this happens.
2. Don't think we know as much as your agent does about your home? Correct. However, if the buyer walks in and doesn't care for the layout or finishes, they don't care about the attributes of your home/neighborhood/area. Having your agent present to "sell" your home can hurt your chances of a second showing because they can distract the buyer with so many facts they can't focus on the home.
3. Do you have such expensive possessions in your home that you feel the agent must be there acting as a security guard? Maybe your agent should have told you what I tell my sellers. If it can fit in a handbag and you don't want it to walk off, take it out of the home or pack it up. No agent can be everyhere every minute. The husband can be asking about the garage while the wife is rifling through your jewelry. And, by the way - that super expensive furniture- it's kind of hard to sneak a sofa out the door during a showing.
4. Has your agent tried to set themselves apart by telling you they will be at every showing? Awesome - Not! Savvy buyers do not need or want the seller's agent there. It creates an atmosphere of tension and uncomfortability.Buyers feel they can't talk frankly about the home while your agent is hovering. If they hate it, they feel they have to censor their comments because the agent is there. If they like it they feel they have to keep their feelings quiet so they don't compromise their ability to negotiate should they offer on the home. More often than not the buyers complain about the seller's agent being present during a showing.
Sure, the buyer is pleasant to your agent during the showing, but they are really annoyed with their presence and let me know about it after they leave your home.
Guess what? We really do want to sell our buyers a home. If our buyers show some interest or have questions about your home we can use our handy cell phones to call and ask for more information from your agent. Help me help you. Don't make it hard to show your home.
As recently as yesterday I was showing a home to a buyer when they mentioned a home around the corner they drove past that they might want to see. I looked it up and the smart , smart agent put in the confidential comments that their listing was EASY to show - just call and it could be made available on short notice. We were 5 minutes away and we were able to go in. I don't want to give too much informatio away in case the seller's agent reads this, but it is one of the top three!
Heather Feldman
Equity Real Estate Luxury Group
Park City Utah
435-731-0803
2015-07-13T07:24:00-07:00
2015-07-13T09:13:45-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:683
Park City Mountain 2015/2016 Preview video
Exciting to watch history unfold here in Park City.
Big changes at Park City Mountain Resort for 2015/2016
season.
Call me to view properties in Old Town Park City - Get your piece of history now.
Heather Feldman
435-731-0803
2015-04-21T18:22:00-07:00
2015-04-21T18:32:40-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:626
Park City 4th Quarter Real Estate Stats
<br />January 23, 2015<br />For further information, contact Park City Board of REALTORS®
Park City, Utah – January 23, 2015 – Highest 4th Quarter sales since Q4 of 2005 with inventory at a new low
Though the total number of closed sales, including single family homes, condominiums and vacant land, within the Greater Park City Area at year-end was slightly lower than 2013, total dollar volume was 8.7% higher and the median sales price was 5.5% higher, according to the Park City Board of REALTORS®. Led by a spike in condominiums sales, the number of closed transactions across the Park City MLS in the fourth quarter of 2014, marked the highest number of fourth quarter sales since 2005.
Condominium SalesThe big news of Q4 was the huge jump in number of pended sales in October creating a rush of closed sales in the last quarter of 2014, culminating in a 49% increase over 2013. The number of condominium sales for the entire market area at quarter end was 808, which is 10% higher than last year’s number. Condominium sales in Park City Proper bounded ahead of last year’s number, as well in Q2 and Q3 of this year, to end 2014 with 376 sales – up 6%. The median price of $542,450 was 5% higher than last year’s number.
By area, Old Town had the highest number of condominium sales at 166 – a 6% increase – with a median sales price reaching $390,000. Board President, Nancy Tallman shares, “There was a definite uptick of 4th quarter condominium sales near the base of PCMR. We can't be sure whether this is the so-called ‘Vail Effect’ or just the settlement of the lawsuit and the certainty that the resort would be open this season. Whatever the reason, the sales speak for themselves.” Two other areas of interest include Empire Pass with 37 condominium sales, up 68% from last year, with a median price of $2.8 million, and Park Meadows which dipped 13% in the number of sales but soared 40% in median price to $768,750.
<br />Condominium activity in the Snyderville Basin parallels that within Park City Proper – up 7% in the number of sales with an 11% increase in median price reaching $360,975. By area, the highest number of sales occurred in the Canyons neighborhood with 83 – up 11% over last year and a median sales price of $387,000. The number of sales in Sun Peak/ Bear Hollow was up 17% with a median price increase of 6% to $438,500. Pinebrook was up in number of sales (by 21%) totaling 58 and median price (by 20%) reaching $387,500. The Jordanelle ended the year 19% above 2013 with 124 total units sold and reported a 15% median price increase to $408,385. “The lack of inventory and gradual pricing increase is making it almost impossible for first-time home buyers to find affordable single family residences. Many of these buyers are forced into condominiums<br />and townhomes due to pricing. In fact, we are seeing full-time residents buy condominiums that were traditionally used as vacation residences,” says Tallman.<br />Single Family Home Sales<br />At year-end, the number of Single family home sales dropped 6% within Park City Proper, and finished 2014 with a median price of $1,300,000. Still a highly segmented market, the Lower Deer Valley® Resort area had 38% fewer sales, but reported a 22% median price increase to $1.855 million. In contrast, the Prospector area was up 38% in the number of sales and up 20% in median price reaching $697,500. Park Meadows was flat compared to last year in both number of sales (56) and median price ($1,300,000). The highest increase in price, by area within Park City Proper, was in Old Town – up 36% to a median of $1.24 million.<br />In the Snyderville Basin, the number of sales fell 13% compared to 2013, yet the median price ended the year at $775,000 – a 10% increase. Several areas experienced an increase of activity: The Canyons up 11% in quantity sold and 31% in median price ($5.507 million) and Sun Peak / Bear Hollow up 33% in sales and 24% in median price ($1.02 million). Though there were fewer sales, the median price increased in Trailside ($585,000), Pinebrook ($746,000), and Silver Springs ($769,500). The Jordanelle area saw a 21% price increase over last year reaching $795,382. The Heber Valley had 212 total sales with a 3% price increase to $345,000. The Kamas Valley had 87 total sales and 3% price gain to $298,000.<br />Vacant Land Sales<br />Park City Proper ended the year with 40 sold lots (down 17%), but a median price increase of 4% to $574,500. Old Town had an 18% increase in sales and a 65% increase in median price to $425,000. The median price for a lot in Park Meadows shot up 77% to $816,500! In the Snyderville Basin area, land sales were up 6% with a 22% price increase to $335,000. One particular hot spot with increased activity was Canyons area with a 16% increase in number of sales and a 21% increase in median price to $1.575 million. Sales in the Trailside area leaped 50% over last year’s number with a 44% increase in price to $287,500.<br />Looking Ahead<br />Gradual price increases seen in most of our market area and property types this year brought the dollar volume for 2014 to over $1.678 billion, which is 10% over 2013, and 43% over 2012. What could be viewed as a stable market trend with healthy property appreciation seems likely to continue. Low inventory has been a consistent factor in our market area since Q3 of 2012, and with a new low in the number of active listings, it doesn’t seem to be changing. As of January 1, there were only 1,904 active listings compared to 2,001 active listings on January 1 of last year. “Every neighborhood has its own story, but the common thread was a dramatic decrease in inventory. We believe this is a big reason why sales were flat between 2013 and 2014,” says Tallman. For the most accurate advice and information, consult your local REALTOR®.
Call me for details or a free market review for your property
Heather Feldman
Equity Real Estate Luxuy Group 435-731-0803
2015-01-26T17:41:00-07:00
2015-01-26T23:00:46-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:600
6030 Mountain Ranch Dr, Park City Utah
6030 Mountain Ranch Dr, Park City Utah 84098
Upper Mountain Ranch with breathtaking, unobstructed views of Canyons ski resort. Beautiful architecture with a family friendly floorplan while offering rustic but luxurious finishes. Wonderful entertaining home with large great room, front deck and rear patio. Theatre room in the expansive lower level with billiard room, wine cellar and wet bar. 5 bedroom, 4.5 baths , with two office/flex spaces. Designer features include Wolf appliances, hardwood floors, massive great room stone fireplace. Granite and a generous use of stone throughout with bronze and glass tile accents. Trails right outside your door. Minutes from all 3 ski resorts. Buyer to verify all information to their satisfaction.Call me for more information
Heather Feldman
Equity Real Estate Luxury Group
435-731-0803
Heather@ParkCityHouseHunters.com
2014-11-22T09:58:00-07:00
2014-11-22T10:18:16-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:594
Buying a Home to Renovate Can be a True Bargain…or Not!
Buying a Home to Renovate Can be a True Bargain…or Not!
For many decades, Hollywood has made box office gold creating comic films about the hilarious possibilities that nightmarish house remodels present: from Mr. Blandings Builds his Dream House to The Money Pit (and even Under the Tuscan Sun), audiences delight in the shifty tradesmen and rotting timbers that define the genre.
If you’re an energetic Do-it-Yourselfer without much remodeling experience, Job One is to gather professional opinions to minimize the likelihood of costly discoveries. But before you even get that far, there are some general concepts that veteran turnaround investors know. These are disqualifiers that make it much more likely that buying a home in Park City Utah will be a shrewd investment instead of dollar demolisher.
Bad house, bad neighborhood
Is it worth buying a fixer-upper in a rundown or otherwise somewhat undesirable neighborhood? It can be tempting—especially when the asking price makes buying such a home a seemingly unbelievable value. But ignoring the ‘location, location, location’ truism is risky business. In many cases, such an investment may yield a diamond in the mud—a renewed structure that will never rise in value until the whole neighborhood rises in value (which could be never). Safer choices will be found in neighborhoods that don’t need remodeling themselves.
Bad house, good intentions
Buying a home in Park City Ut—especially when the neighborhood is fine and the price is more than right—can give rise to overly emotional decision-making. It can be tempting, when a property is almost okay, to make an instantaneous decision…but if you find yourself making excuses for this or that drawback, or finding yourself indulging in a bit of wishful thinking here and there, take a breath! Hopeful eyes may easily transform to fixer-uppers into mansions, but that’s the only time ‘easily’ will apply. Buying a home that needs major renovation is a probable mistake for home buyers who are uncertain about the money, time, or construction expertise that lie before them. A realistic mindset is the first ‘tool’ you need as you transform a fixer-upper into a winning investment.
Bad house, bad budget
Sometimes, buying a Park City Ut home as a fixer-upper seems exciting not for the challenge of the remodel but simply because you can’t afford that much house in any other way. Sure, fixer-uppers offer the tantalizing prospect of more house for less money—but down-to-earth budgeting for big repairs such as a new roof, a cracked foundation, or all-new floors will produce a realistic bottom line. Sometimes less house (but good house) is the call that yields a lot more restful nights!
Bad house, bad house
Finally, buying a house that seems like a fixer-upper—but would more accurately be called bulldozer fodder—is actually pretty easy to avoid. If your home inspector tells you about critical issues with a home’s bones (foundation, roof), infestations, or dangerous wiring issues, it’s most likely one of those.
Good Bones, Great neighborhood
In Park City Ut neighborhoods like Old Town and Park Meadows are prime for a remodel. These neighborhoods are always in high demand, and now even more so since Vail purchased Park City Mountain. With new builds selling at $950 per sf we are seeing tear downs and hefty remodels. In Park Meadows fewer tear downs, but many down to the studs remodels. These areas can be a great fit for the buyer wanting to make some cosmetic upgrades and come out ahead.
Have faith: your home is out there! Remodels can be (in fact, often are) great investments. With a clear vision and a savvy team, you could be one renovation away from your dream home. Give me a call to check out the best of today’s Park City Ut prospects.
Heather Feldman
Equity Real Estate Luxury Group
435-731-0803
2014-11-06T15:33:00-07:00
2014-11-06T15:52:26-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:582
Busy Park City Households and Home Showings Can Mix!
Busy Park City Households and Home Showings Can Mix!
Selling your home quickly and for the highest price possible demands that the Park City showings be proactively appealing: that is, more than just a passive display of the residential “merchandise.” To make the most of the advantageous situation that any showing or open house should be, both you and your Realtor® must adopt the approach of any successful salesperson—namely, being certain every potential customer is shown the best aspects of the product. When it comes to Park City Ut home showings, that means staging and making your home available to view.
Most of the advice you’ll read about staging follows the same general formula: organizing rooms; maintaining exterior landscaping; updating aged features; eliminating clutter. What’s sometimes missing from those guides is a practical problem: a prescription for showings when the home in question is currently housing a family busy with schoolwork, after-school extracurriculars and full time professional obligations—in other words, modern life!
Say Yes to your Park City Ut Realtor's showing requests! You can't sell your home if buyers can't see it.
No matter how unlikely it might seem, for families whose schedules are already overloaded (and then some), proactive showings are indeed possible! Here are some of the proven ways busy families keep their Park City Ut homes in peak shape:
Neutralize Décor: To maintain a home livable for a busy family at the same time it’s ready to display requires muting some of the practical as well as decorative elements. It’s a delicate balance that means first removing idiosyncratic design elements, then also keeping as many personal items as possible out of sight but readily accessible when needed. It’s a room-by-room effort, but when properly balanced, most of the family’s comfort zone can be preserved at the same time the home is ready for showcasing at a moment’s notice.
Spring Cleaning All Year-Round: As parents know, a busy home is genuinely tough to keep clean—yet, sparkling cleanliness gives visitors the sense of newness that prevents common objections from forming in prospects’ minds (fears that updates are called for; feelings that unseen mechanical issues could be lurking, etc.). The solution is one comprehensive deep-cleaning session followed by a regular once-over every week without fail. It’s a regimen that makes pre-showing cleanups quick, easy, and effective. For many busy families, it may be realistic to consider bringing in a housekeeping service once a week while showings are in prospect.
Shrink Living Spaces: In larger homes, one way to minimize the amount of effort showings require is to somewhat confine everyday living activities to designated areas. If everyone is used to occupying the living room, den, and game room, see if you can make one or more of the areas off-limits (especially during weekdays). This will allow you to preserve staging efforts and reduce a lot of last-minute scrambling.
Say Yes to Showing Requests: You can’t sell your home if the buyers can’t see it! I know the timing can be inconvenient, but when you are off work so are most buyers. Know that there will be an evening or two where you will need to load up the family and head to Redstone for dinner.
Showings in Park City are a key part of selling your home—as are a great marketing plan and well-designed listing—which is where I come in! If you’re planning to list your home for showings this fall, contact me as soon as possible to start the pre-marketing planning that can help you and your busy house S-E-L-L!
Heather Feldman
Equity Real Estate Luxury Group
435-731-0803
2014-09-08T19:12:00-07:00
2018-10-26T18:49:30-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:578
What is the first impression buyers get of your Park City for sale home?
What impression is your Park City Ut House for Sale Sending?
“You never get a second chance to make a first impression.”
It’s a saying that job applicants (at least the successful ones) take to heart. It’s why a lot of serious primping goes on before a blind date. It’s why movie directors spend as much time as it takes to light and prepare the first shot that will introduce their lead actress. And if you’re going to have a house for sale in Park City this summer, it’s why it’s worth it to take pains to make its first impression as strong as possible.
Making any Park City house for sale’s debut a success doesn’t have to break your back or your bank account. Here are some simple, affordable projects that can be done in a single weekend:
Update Exterior Lighting
For prospective buyers whose first look at your house for sale comes in an evening drive-by, exterior lighting plays a leading role. If your lighting setup is more than ten years old, you may be able to do a quick transformation by replacing outdated fixtures with stylish new ones. If twilight showings are likely, consider adding a lighted path from driveway to door.
You've got to get them in the door to sell them on the features of your Park City Ut home.
Warm Up the Front Porch
There’s an emotional component that goes into making a house for sale—one that’s truly “inviting.” Often, the key factor is whether prospective buyers can easily picture themselves and their family enjoying an afternoon or evening in the place. Think about whether investing in a few pieces of attractive, comfortable-looking outdoor furniture you could place on the front porch (or other outdoor space) could help buyers picture themselves enjoying a leisurely after-dinner conversation…and whether a comfy indoor/outdoor rug and some outdoor decorative pillows might complete the picture.
Invest in Simple Landscaping
Even just a few flower pots or window planters will invariably work to cheer up an otherwise ‘just okay’ exterior. When a prospective Park City buyer drives up to a house for sale, a few large pots along the driveway and/or porch—sometimes with the addition of a couple of inexpensive window boxes—can make a real difference. Fill them with easy-to-care-for annuals like marigolds, petunias, or impatiens. Don’t freely mix colors in any one box or pot: that can mute the cheerful effect that a solid mass of yellow, pink or red conveys.
Trim Up!
You don’t necessarily have to paint the whole exterior before you list your house for sale—but it is a good idea to spruce it up by painting (or replacing) the front door, shutters, and trim. It’s a quick, affordable way to give the entire house a facelift without spending tons on painters and paint!
Mothball the Mailbox
Potential buyers may be searching for the address, so a mailbox with old, peeling house numbers can sabotage an entire showing. A new mailbox with bright, shiny numbers will waylay that possibility. For brick mailboxes, just replace the old house numbers and flag.
If you are thinking of listing your house for sale in Park City, it is prime time to start the ball rolling. Call me today to discuss your pre-marketing plan—we’ll develop one that’s designed to fetch top dollar for your property!
Heather Feldman
Equity Real Estate Luxury Group
435-731-0803
2014-08-04T21:12:00-07:00
2014-08-04T21:34:45-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:576
Park City Utah 2nd quarter Statistics
P R E S S R E L E A S E<br />FOR IMMEDIATE RELEASE:<br />July 23, 2014<br />For further information, contact Park City Board of REALTORS®
Park City, Utah – July 23, 2014 –
Though real estate prices in the Greater Park City <br />Area are trending upward, the number of sales is down 9%.
The number of closed sales in the Greater Park City Area dropped 9% in the second <br />quarter of 2014 compared to the same time period last year, according to the Park City <br />Board of REALTORS®. Though there were 39 fewer sales this year (single family, <br />condominiums and vacant land), median prices continue to trend slowly upward in <br />2014.
Park City Ut Single Family Home Sales
By property type, single family homes had the least activity in Q2. The number of single <br />family home sales within Park City Proper was down 29% compared to the second <br />quarter in 2013. Both Snyderville Basin and Heber Valley were down 9%, and Kamas fell <br />6%. Yet pricing in most areas is climbing at a gradual pace. The median price for a single <br />family home within Park City Proper is $1,675,000 (up 36% over Q2 of 2013). The <br />median sales price for a single family home in the Snyderville Basin area is rising at a <br />slower pace, but is still up 8% over 2013 to a median sales price of $755,500. The <br />Jordanelle area saw the highest price increase, reaching $885,000 (up 48%). “We are <br />seeing buyers at different ends of the spectrum. Some have expendable income or cash <br />and don’t mind paying for a new product they like. Others are more cautious and <br />resistant to price increases,” says President of the Park City Board of REALTORS®, Marcie <br />Davis. Single family home prices remain relatively flat in both the Heber Valley with a <br />median price of $359,150 and the Kamas Valley with a median price of $268,460.
Park City Ut Condominium Sales
In contrast, condominium sales in Park City Proper reached 168 units (Up 8% over Q2 <br />2013) with a median price of $636,500 (up 11%). By area, Old Town had the highest <br />number of sales in Park City Proper, reaching 84 units (up 27%). The Jordanelle recorded <br />the highest number of condo sales in the Greater Park City Area with 62 units (up 48%)<br />and a median price of $380,800 (up 15%). There were 107 condo sales in the Snyderville <br />Basin which is flat compared to last year, though Sun Peak, Bear Hollow, Kimball, and
Pinebrook saw significant increases in the number of sales for the second quarter. The <br />median price for a condo in the Snyderville Basin is $337,500 (up 5%).
Park City Ut Vacant Land Sales
Park City Proper (down 34% compared to Q2 of 2013) and Jordanelle (down 39%) ended <br />the quarter with 19 sales apiece. Alternatively, the Snyderville Basin had 97 land sales <br />(up 24%) with a median price of $340,000 (up 27%). Within Park City Proper, the median <br />price for a vacant lot is $700,000 (up 33%). The Jordanelle area had the highest median <br />price increase jumping to $180,000 (up 52%). Lot sales in the Heber Valley are also 40% <br />higher than last year with a median price of $175,000 (up 40%). The Kamas Valley had <br />22 sales (up 22%), though the median price fell slightly to $85,000.
Park City Ut Looking Ahead
<br />The lack of inventory – possibly caused by a perceived delay in listing new properties <br />through the spring due to colder than normal weather conditions – may have <br />contributed to lackluster sales as even pended sales numbers remained lower than last <br />year until mid-June. Within the Greater Park City Area, there have been 119 new listings <br />in July – highlighted by an increase of 68 single family homes. “July should pick up in <br />both activity and sales. When a property is new to the market and priced right, it goes <br />very quickly,” says Davis. <br />Distressed sales are no longer a topic as they accounted for less than 3% of the sales in <br />the second quarter and less than 2% of the properties currently listed. Total dollar <br />volume for Q2 is up 10% over Q2 of 2013 and median prices are climbing. Park City real <br />estate remains diverse and cannot be classified into “one market.” Because <br />neighborhoods vary drastically in price, inventory, and demand, to get the best advice <br />and information on what is happening in the real estate market today, call your local <br />Park City agent - Heather Feldman 435-731-0803
2014-07-27T17:41:00-07:00
2014-07-28T07:58:53-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:571
Empty Nest in Park City Utah Doesn't Necessarily Mean Downsizing
‘Empty Nest’ Doesn’t Make the Downsizing Choice Inevitable
Many people assume that when the kids leave home, their newly empty nest automatically signals that downsizing into a smaller house or condo is the next step. In truth, for such families living in Park City Utah, downsizing is a common option—one that could very well be the best choice.
But, as the old Gershwin tune says, “it ain’t necessarily so...”
For many of us, once we establish a firm direction in life, a lot of decisions are more or less made without much hesitation. Career, family, and even community needs head us in certain directions, so a lot of choices are obvious. But every once in a while the paths open up, and it’s time to take a breath, clear the head, and realize that there may be a lot more freedom to change course than we are used to. When the downsizing idea bobs to the surface, it’s likely to signal such a turning point. That’s when it’s your true interests and passions should govern your next step—especially with respect to your residential options, which will shape much of what happens next. If this summer you find yourself musing about downsizing, it might be fun to also consider-
Upsize: It sounds backwards: moving into a larger home with your smaller family. Yet if you have special interests or hobbies that have always called for a lot of elbow room, this could be the chance to add a workshop, rehearsal space, or studio that you’ve never quite been able to wangle. A larger home can also provide extra space you may need to accommodate the rest of the family when they come for a visit (especially if that family is going to be growing!).
In Park City Utah, Downsizing can mean "UpSizing"
or moving closer to town.
Follow your heart: Have you always wanted to live near water, or wake up to a view that looks like it belongs on a magazine cover? Maybe you’d like to move close to a totally new metro area with museums, shows and restaurants you’ve never been able to explore before. Or perhaps it’s a planned community that suddenly doesn’t look so much like a refuge for ‘old people’ as a place that’s loaded with bustling sporting and cultural activities...or a development built around a golf course…or winter sports complex. Downsizing in Park City Ut may be able to deliver on your ideal dream refuge…or maybe it beckons from far away. It might involve downsizing, or upsizing, or same-sizing!
Splurge a little: With the children gone, it may also be time for some guilt-free indulging. A luxury home or condo could include some amenities you’ve always wanted: a swimming pool or home spa—or classic architecture set in a storybook garden. Downsizing in Park City by selling the family home and claiming a smaller but more upscale residence might also be a way you wind up claiming the home of your dreams.
Of course, many considerations will go into choosing your next home. As an experienced real estate professional, I’m here to help guide you through the process of selling and/or buying here in Park City and Deer Valley—and depending where your move takes you, can very likely help with referrals there, as well. If and when the pull to downsizing strikes, I’m here to discuss all the many possibilities!
Heather Feldman
435-731-0803
Park City Residential Specialist
2014-07-16T09:59:00-07:00
2014-07-16T14:10:21-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:567
Gains in Park City Ut Real Estate nowhere near 'Bubble' level
Gains in Park City Utah Home Prices
Nowhere Near ‘Bubble’ Territory
For the past two years national home prices have risen sharply, which might lead to the conclusion that they are overpriced. In fact, if we’re to believe the most recent report by real estate website Trulia, they are still 5% undervalued when measured against long-term fundamentals. So will this summer’s home prices in Park City be broaching unsustainable levels—or will they be reasonable?
The Problem of Measuring Only Home Price Increases
Real estate price increases by themselves are poor indicators of over- or undervalued real estate. Because of the headlong drop in real estate prices in 2007, throughout most of the country, prices have increased significantly without approaching the previous highs. A well-publicized example is in Las Vegas, where prices have increased by almost 60% over the last couple of years, yet by many yardsticks remain affordable. Park City neighborhoods are hovering in the pre-bubble prices with a few exceptions.
How Home Affordability Is Measured
There are a number of different ways of measuring whether home prices in Park City Ut could be considered to be over- or undervalued. They include looking at how current prices compare with long-term trends; how prices measure up against average incomes; the comparable cost of renting, etc. The Trulia report used a wide range of these indicators to emerge with a complete picture of the affordability of real estate across the country. Not all research confirms Trulia’s assertion. According to the Fitch Sustainable Home Price Model, national prices are overvalued by something like 15%. Critics note, however, that the Fitch model is distorted by prices in some of the markets selected – particularly California. When looking at individual homes, I evaluate the pre-2007, post 2007 and current activity to determine where they are in the cycle.
Why 2014 Isn’t 2006
I find Trulia’s track record impressive. In the first quarter of 2006, they reported that home prices were 39% overvalued…and by 2011, that number had fallen to 15% undervalued. Its latest finding that current national prices are still 5% undervalued gives weight to those who believe we are far from entering “bubble” territory—at least for the time being. Some contributory factors could explain why. Inventory has been constrained for a number of years, fallout from the weakness of building activity following 2007. Mortgage rate increases have slowed, but since they are still slightly higher than before, they have provided a dampening effect. Also relevant: some of the new lending regulations make it less likely that we will see a repeat of the rampant subprime lending that triggered collapse in 2007.
All of which makes a fairly convincing case for homeowners in Park City Ut to be reasonably confident that the price gains made over the past couple of years won’t soon disappear. Of course, individual Park City Ut home prices vary from neighborhood to neighborhood, just as they do from house to house. If you’re interested in an accurate home price analysis of your own property, I hope you’ll call me today—I am always happy to schedule a free and confidential evaluation.
Heather Feldman
435-731-0803
2014-07-04T08:43:00-07:00
2018-10-26T18:53:43-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:566
Buying a Home with no Disclosures - caution
Energetic Due Diligence for a Bank Owned Property Vacant in Park City Utah
Suppose that in the course of buying a home in Park City, your eye is drawn to a bank-owned home,a home held in a trust, or a second home. There are many reasons why you could find yourself buying a Park City or Deer Valley home that’s currently vacant—which can also mean that the usual owner disclosures are not to be had. There are perfectly innocent reasons why this situation develops. Suppose the sellers of the property have just inherited it. How would they know that water tends to pool under the house during a strong rainstorm? Or that unpermitted repairs were made to the electric wiring in the kitchen?
If thoughts like these cause beads of sweat to pop out all over your forehead, don’t fret. This summer we can find you plenty of alternatives in Park City’s traditional housing market. But before you automatically pass on a vacant home because of unknowns in its history, you should know that, with due diligence, you can still end up with a home that is worth your money and a safe place to live!
When you consider a vacant home, the most reliable information will come after you’ve arranged an inspection.
The inspector’s report will let you learn what you’re getting into before you buy—and whether it’s in safe and livable condition. Most homes that fall vacant due to circumstances like divorce or a move are well cared-for and in decent shape; others, long abandoned, are more likely to have fallen into disrepair. Without any owner disclosures, you’ll be on your own to discover potentially major issues like leaking pool equipment or pest problems.
Even after you’ve had a thorough inspection, there is still a good chance you will encounter at least some surprises. There are some elements of a home that can’t really be properly inspected—like what lies under the floorboards or behind attic walls. Since there is no former owner that recently resided there to sound a warning, there is always a chance that you could run into unplanned-for expenses. Truth to tell, though, this can also hold true for a traditional home if the sellers have no prior knowledge, either.
Although buying a home with no disclosures can be a great way to get a wonderful deal, it’s still a good idea to leave some extra budget for the most likely potential costs. In addition to things like insurance, unexpected repairs, and maintenance, there are other costs you might also need to cover—such as a vacancy endorsement on your insurance policy if the house will continue to stand vacant for more than 30 days after the sale.
The bottom line? If you’re considering buying a home in Park City Utah with question marks in its history, be sure you apply some energetic diligence before signing on the dotted line.
You’ll be a lot more relaxed after the fact.
Thinking of buying a Park City or Deer Valley home this summer? Then it’s time to give me a call!
Heather Feldman
435-731-0803
2014-07-01T08:34:00-07:00
2014-06-29T20:55:00-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:565
Park City Rental Property Investments - Rentals in High Demand
Park City Ut. Rental Property Investments
They’re Out There and They're in High Demand!
When any investor first begins to mull over the idea of acquiring a rental property in Park City Utah it’s usually in competition with an array of other investment types—each with its inherent plusses and minuses. Some of them are new ideas (new technology company stocks; new forms of commercial exchange)—but real estate is definitely not one of those. It may not be innovative, but being a landlord has always been one of the leading sources of passive income.
Right now long term rentals are in high demand in Park City.
What is exciting about rental property is why it has always been recognized as a sound investment. When the income from a Park City rental property is able to pay for its own underlying mortgage, it self-propels its growing equity. The rental property’s investment value grows as the loan is paid down month by month, year after year. Added to that is any appreciation in its market value.
And with the best Park City rental property scenario, when rental income exceeds mortgage and other expenses, it will even throw off an extra income stream.
Needless to say, choosing the right rental property in Park City is worth the effort! Much of that effort involves making a serious effort to map out and project values, income and expense:
Neighborhood: Consider how the overall desirability of the neighborhood is likely to affect its appeal to tenants. Are there attractive amenities like parks, shopping and entertainment venues? What do the local classified ads reveal -- is the area’s vacancy rate high or low? How do rental prices compare with adjacent neighborhoods?
Project Ancillary Expenses: Determine the historical property tax rates, and what future rate changes are being proposed. Likewise, investigate insurance costs and roll both expenses into your total monthly expense projections. You want to be sure that they are low enough that you can still make a profit from the rental.
Local Dish: Expert advice from Investopedia is for prospective landlords to speak with renters as well as homeowners in the neighborhood. It’s a good point: “Renters will be far more honest about the negative aspects of the area because they have no investment in it.”
Schools: Rental homes in Park City featuring two or more bedrooms will attract families—and that means they will likely have children in school. If a school is nearby the home, it’s likely to be that much more popular with family tenants.
Long Term or Nightly Rentals? In Park City, as with many ski towns popular is to have a second home you use at your leisure and supplement with nightly rentals. If the desire is pure investment, a long term rental is your best bet for net income as nightly rental fees can eat up profits quickly.
Commute: Is the property a long commute from the ski resorts or a quick drive? Is there public transportation? Many prospective tenants begin their housing search with their workplace or ski access as the center point. Renters will consider this before signing a lease—and you should before signing your offer!
If you are thinking of looking at rental property in Park City Utah this summer, they’re definitely out there. Call me today to discuss some of the many opportunities!<br /> <br />
Heather Feldman
435-731-0803
2014-06-29T20:15:00-07:00
2018-10-26T18:53:10-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:563
SUMMER EVENTS IN PARK CITY UT
Summer fun in Park City Ut
Looking for lots of great things to do this summer? Check out the links and video below and go have fun!
Spend the 4th of July in Park City!
FRIDAY, JULY 4, 2014<br /><br />7:00 am • Pancake Breakfast in City Park<br />$7 adults, $5 kids 12 and under.
8:00 am • <a href="http://www.us3.list-manage.com/track/click?u=6663e537b44d14e06f2940055&id=985306021a&e=a18053fdd6" target="_blank">Cole Sport</a> 5k Mountain Fun Run<br />Pre-registration until 5 p.m. on July 3<br /><a href="http://www.us3.list-manage.com/track/click?u=6663e537b44d14e06f2940055&id=400faf5217&e=a18053fdd6" target="_blank">MORE INFO & REGISTRATION</a>
11:00 am • 4th of July Parade • Main Street, Park City<br />Famous 4th of July Parade with over 70 floats celebrating Park City's Historiy<br /><br /><br />10:00 am - 9:00 pm • Celebration in City Park <br />Rugby games, live music, Rotary BBQ, beer garden, and children's activities at the north end of City Park. <br /><br />Dusk (approx. 10:00 pm) • Fireworks at Park City Mountain Resort
<a href="http://www.us3.list-manage.com/track/click?u=6663e537b44d14e06f2940055&id=abb7a225c2&e=a18053fdd6" target="_blank">MORE INFO</a>
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79th Annual Oakely Rodeo<br />July 2nd - 5th, 2014 • 8 pm nightly
The Oakley Rodeo has become a popular tradition each year for people of all ages! Grab your cowboy boots and join in the festivities.
<a href="http://www.us3.list-manage.com/track/click?u=6663e537b44d14e06f2940055&id=91ffdddc54&e=a18053fdd6" target="_blank">MORE INFO</a><br /> _________________________________________________________________________________
Park City Mt. Resort Summer Activities<a href="http://www.us3.list-manage1.com/track/click?u=6663e537b44d14e06f2940055&id=72dc87c4c4&e=a18053fdd6" target="_blank"><img align="right" height="112" src="https://ci4.googleusercontent.com/proxy/bbDshC86nUOv3NUwAINURtvB8K3MW5j-UKMChrsg19VbSOUihLQl4nmJr6cn0PKuJzwDS8kZ5r-tO2F7ltPZl2TsZsgDQXtpSORTxxe4jU_fgJV_X0JlpNvR6wDcCupBX72yyHWC1f7GnPR4iehiYto-CKqmzLRRyfItlg=s0-d-e1-ft#http://gallery.mailchimp.com/1e4be070516003975d9287101/images/99a879f9-50b2-4d9b-bbee-c6d653e14d1f.jpg" width="200" /></a><br />June 6th - September 1st, 2014<br />HOURS OF OPERATION:<br />M-TH 11:00 am - 8:00 pm<br />Fri - Sat 10:00 am - 9:00 pm<br />Sun 11:00 am - 6:00 pm
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Deer Valley Summer Adventure Camp
Through August 20, 2014<br />Based out of the Children's Center at Snow Park Lodge and surrounded by incredible mountains with hiking trails, hillside playgrounds and duck ponds, this state-licensed center provides a separate 'home base' for each age group. Built-in nooks for entertainment and performances, a bouldering rock climbing wall and a full supply of craft projects, games, puzzles, videos and books to complement our outdoor activities.
<a href="http://www.us3.list-manage.com/track/click?u=6663e537b44d14e06f2940055&id=d3770dbba6&e=a18053fdd6" target="_blank">MORE INFO</a>
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Utah Olympic Park Summer Activities<br />Activities available daily from 10 am to 6 pm.<br />Museums open at 9 am<br /><br /><a href="http://www.us3.list-manage.com/track/click?u=6663e537b44d14e06f2940055&id=ce8513c77d&e=a18053fdd6" target="_blank"><img align="left" height="109" src="https://ci3.googleusercontent.com/proxy/b3uIVjXbd0oUzzIprfBVuCPPQxMv4e0u0CfITo6afs3spQd2J8IznHNpF2c6DeuRTpRpb_5oi7LqgtwoxOoAkoQShSrpIhdjeJfYsKW_DZ3QB-OTkHwzTrIdjaTScod1cIjeshn4qM6UsCklKiuspwaL07kcS7idWS0nig=s0-d-e1-ft#http://gallery.mailchimp.com/1e4be070516003975d9287101/images/5fd273b7-8ae6-4d48-9a4f-dcb60b9a75b1.png" width="150" /></a>Freestyle Signature Session<br />Tues - Sun • Through Sept 28, 2014 <br />The Freestyle Signature Session offers dedicated coaching with World Class freestyle, freeride, freeski, and snowboard coaches with a 3 to 1 participant to coach ratio. Participants learn new skills on the trampoline progressing to the mini ramp, and ultimately to the the single ramp (with coach's approval). Ages 7 and up.<br /><a href="http://www.us3.list-manage.com/track/click?u=6663e537b44d14e06f2940055&id=22ef1f07ca&e=a18053fdd6" target="_blank">MORE INFO</a><br /><br /><a href="http://www.us3.list-manage1.com/track/click?u=6663e537b44d14e06f2940055&id=077092ba4c&e=a18053fdd6" target="_blank"><img align="right" height="104" src="https://ci5.googleusercontent.com/proxy/sDLilsF8oOTGsMomV-rQmAn4Iy3UnGl12730lqF7KRvmPsb7Bo_xpnMLwOMgS-GDpNt9zwjaeyR4YEIGl87tMxyrqgbyU06tz_yczpCxo3oZeZwyhAqfMZXAXkGvzFFOsaCACFQS8XF4Ged6_U7qoCQf3ETGAGLv3B5dIw=s0-d-e1-ft#http://gallery.mailchimp.com/1e4be070516003975d9287101/images/f742a53a-621e-48bb-b21d-f7f87873aaaf.png" width="150" /></a>Discovery Adventure Course<br />Available Daily • 10 am - 6 pm<br />This entry-level course is designed to challenge the Park’s youngest adventurers. Adults are welcome up to the specified weight limits, please be prepared to duck around obstacles, crawl through tight spaces, and climb on elements sized for smaller individuals.<br /><a href="http://www.us3.list-manage1.com/track/click?u=6663e537b44d14e06f2940055&id=f23ddfcc4b&e=a18053fdd6" target="_blank">MORE INFO</a><br /><br /><a href="http://www.us3.list-manage.com/track/click?u=6663e537b44d14e06f2940055&id=157909e3e7&e=a18053fdd6" target="_blank"><img align="left" height="103" src="https://ci3.googleusercontent.com/proxy/BXCHOJ0UuFdVJ0Ie67oUPte9Gx_BaPCj_mCDYCOKslRXCBJnuq0RW85KCCeEKKV8yULrohMwLBcEs_XxAEwnF_jhRgJtF96SXirt82EiiGIG1oh-Zrje7vK7lYlMcTqAqlj8fr8ns2J4CayxTBvoFIDJBjt8ZG1LCZ8KQw=s0-d-e1-ft#http://gallery.mailchimp.com/1e4be070516003975d9287101/images/17d68b09-4f32-4c40-baf8-282bdd985ba5.png" width="150" /></a>Canyon Adventure Course<br />Available Daily • 10 am - 6 pm<br />This intermediate-level course is designed to test one’s abilities with log traverses, swinging elements, and problem-solving features. Participants should be prepared to be at heights up to 25 feet in the air where their agility, balance, and coordination will be tested. Adult participation encouraged for children under 12.<br /><a href="http://www.us3.list-manage1.com/track/click?u=6663e537b44d14e06f2940055&id=d9cf715983&e=a18053fdd6" target="_blank">MORE INFO</a>
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2014-06-18T07:10:00-07:00
2014-06-29T20:57:42-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:561
Inexpensive Upgrades to improve your Park City Utah home
Inexpensive Upgrades Boost Park City Utah Home Values Painlessly
Especially when it comes to major decisions like buying or selling your home, human nature seems to tilt toward delaying action until it’s the end result is absolutely certain. After all, nobody wants to make a life-changing move that turns out to be anything short of fantastic!
So even when you’ve outgrown your current home…or found yourself in a daily long-distance commute because work has moved…or any number of other reasons why you know you should be looking for a new house…it can be difficult to commit to such a looming decision. Adding to that is one of the most common assumptions many Park City homeowners believe: that they have to spend a boatload of money to increase their home value.
The truth is: it ain’t so!
You can strategically update your Park City house before you put it on the market without cratering your bank account.
· Make it Spacious
Adding space to a room increases any Park City home value. Tearing out walls isn’t necessary when there are so many other ways to achieve the same thing. Simple options include removing built-in shelves, enlarging windows, or (the simplest) just removing “stuff” that’s hogging perceived space.
· Go Green
More and more, you can improve your Park City home value by installing modest “green” upgrades. Today’s buyers may not necessarily be eco-focused—they may simply have a good sense of the increasing cost of water and power. “Going green” as a way to add home value to your area property can be no more costly than switching to low-flow toilets, adding a wifi thermostat with “smart” technology, or putting in a low cost drip watering system.
· Window Update
Have a room that comes across as outdated…or just plain ‘blah’? Consider how much extra home value a new window treatment might add. It could be as simple as installing a stylish valence over a window or two. How about removing outdated window coverings alltogether? Uncover that mountain view!
· Change the Doors
Remember your first apartment with its flimsy, hollow doors? A quality door can make a disproportionate difference to a property’s perceived home value. Changing out your front or back doors for more a more weighty or modern selection can be well worth the expense.
· Paint
Paint is the number one way to alter the look of a room inexpensively. Instead of painting the entire room one color, another option is to make a “statement wall” in its own neutral color that compliments a painting’s or picture frame’s palate.
· Change your cabinet hardware
Give your kitchen and bathrooms a more updated look by taking off those "spoon and fork" or super rustic cabinet pulls and replace them with streamlined stainless pulls.
These are just a few suggestions that can increase the value of your home in Park City without a straining the family finances. Even in an older home, many times it’s the little touches that can make the greatest difference.
Looking for specific suggestions to improve the value of your Park City Utah home before listing it for sale? Call me today for an in-home market evaluation!
Heather Feldman
435-731-0803
2014-06-13T07:25:00-07:00
2014-06-11T15:36:17-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:560
Moving to Park City, Utah this Summer? 5 Tips to Avoid Moving Scams
Moving to Park City Utah? 5 Tips for Avoiding Moving Scams
Moving to Park City (or moving to anywhere) is adventure enough without including one of the moving company scams that are all too common.
It seems hard to believe that unscrupulous carriers can continue to operate, but the fact is, there are a lot of them out there. If you will be moving to Park City anytime soon, you don’t have to worry about any of the rip-off artists if you follow some straightforward guidelines:
1. Check the FMCSA
The Federal Motor Carrier Safety Administration runs a household goods program designed to aid consumers. Their website includes a search feature that records past complaints for known companies…but be aware that only interstate movers are listed. Along with complaint information, it lists company contact details so you will know you’re dealing with the people they say they are.
Check Online Reviews
A search engine search of the company can be helpful: just enter the company name plus ‘reviews’ or ‘ratings.’ You’ll often find Yelp entries, and with luck, recent experiences by customers moving to Park City.
Get A Written Estimate
You should be skeptical of any moving company that is willing to provide a quote over the phone or internet. This may not be evidence of a scam, but often means that you are dealing with a broker rather than the company itself. In fact, the U.S. Department of Transportation red flags any over who doesn’t offer or agree to an on-site inspection of our household goods “or gives an estimate over the phone or internet”…the too-good-to-be-true estimates, demands for large upfront deposits, or failure to hand you the “Rights and Responsibilities When You Move” pamphlet (Federal regulations require Interstate movers do so during the planning stages) are all signs of trouble ahead!
Insurance Issues
Before you hand over your belongings, it is a good idea to check that you’ll be moving to Park City with the proper insurance. Ask the movers about their insurance policy and note the policy number. If you have any concerns, you can check with the insurance provider to confirm that they are properly covered.
Use A Mover With A Physical Address
Another sign to watch out for are moving companies that don’t list a physical business address. With a brick-and-mortar base of operations, you know where to head should anything go wrong.
Moving scams can cost a lot of money—not to mention the stress that results when unscrupulous operators have all your stuff! If you’re planning on moving to Park City this summer, please consider me your local guide to our area. I’m here to offer professional real estate representation—as well as a ton of information about all things Park City! We have local movers that are very reasonable for those of you moving here in town.
Heather Feldman
435-731-0803
2014-06-11T15:15:00-07:00
2014-06-11T15:24:38-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:568
Tricks for Successfully listing your Park City Ut home a Second Time
How Listing Your House in Park City Utah
Can Work…the 2nd Time!
Listing your house in Park City Ut anew after it’s lingered on the market for a while can bring surprisingly quick success…with the right tactics.
The truth is, if a home hasn’t sold in today’s market, there is usually an identifiable reason. Here are some tips that can reverse what happened when listing your house the first time failed to strike pay dirt:
Compare prices of comparable homes that have sold in your neighborhood, and use those as the benchmarks. If your area listing was priced to allow 10-20% for negotiating room, that’s the likely culprit. Consider listing your Park City Utah house at 1% to 5% below your competitors—it’s a proven way to get more feet through your entryway.
A well thought-out marketing strategy with multiple advertising channels can be a necessity in a competitive area. Discuss taking advantage of social media platforms like Facebook and YouTube with your Park City real estate agent. Is there a way you as a homeowner can help? Consider holding mid-week open houses in the evening hours so visitors can drop by on their way home from work. Being extra flexible and accommodating can make the difference in getting qualified buyers through the door.
If you are listing your house in Park City Ut for a second time, you will want to make any deferred repair and cosmetic décor change you may have put off the first time ‘round.
The vast majority of today’s Park City Utah buyers are looking for a home that’s 100% “move-in ready.”
Patience is never more critical than when negotiating a price for your home. Refuse to be put off by offers that are lower then what you were expecting. You don’t need to accept such offers—but rather than just rejecting them, consider offering incentives (such as paying the buyer’s closing costs, or a point on the mortgage) when the price difference is too great. Other ideas: offer to pick up moving expenses, or include excluded appliances in the bargain.
When your Park City home doesn’t sell the first time around, finding details you can change to encourage a better result is the kind of positive approach that works most often.
You should also be conscious of the fact that the market is constantly changing. Reduced interest rates alone may sell your home faster—just as higher rates may require adjusting your price or adding more incentives. Being informed and prepared when a prospect comes along will put you at a competitive advantage.
If you’re considering listing your house in Park City Utah this summer and want an agent with the vision needed to get your home S-O-L-D, call me today!
Heather Feldman
435-731-0803
2014-06-06T07:04:00-07:00
2014-06-29T21:13:34-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:558
Short & Sweet—Park City and Deer Valley Ut Open House Checklist
Park City Ut Open House Checklist
Estimates so far indicate that summer 2014 is likely to be a better than usual season for Park City Ut home sales. The past winter threw a wet blanket over all kinds of business activity, creating a perfect scenario for a sales bounce back—and that’s exactly what is beginning to show up in the stats. As Bloomberg News reported last week, sales of homes “climbed in April for the first time in three months…the biggest in six months…”
The Park City Ut local market cycle varies a bit from the national numbers, but Summer is one of our strongest seasons.
If you will be taking advantage of the uptick by listing your property for this summer’s market, having an open house in Park City is a prime way to attract prospective buyers. With a little focus and energy, getting your home in shape can be easier than you might imagine.
The checklist is short:
Landscaping
The place to begin is with the landscaping—it frames the picture that’s the first thing buyers see when they pull up during the warm months. If you don’t have summer flowers planted, that’s okay—improvise! Purchase a few hanging baskets and potted plants. Place them along pathways, the entrance, and other places that could use a little bit of color. Hose the exterior, but if the years have been too tough, you may need a refresher coat of paint or trim. Perk up the lawn with an easy-to-apply lawn food spray; edge where needed; then mow and admire!
Get a Fresh Outlook
Give your windows a good cleaning (outside first)—it’s surprising the amount of sparkle that simple job can add to your Park City or Deer Valley open house. Air the house thoroughly as you do a deep clean where it’s needed: usually a shampoo of carpets and rugs will accomplish the lion’s share of the work. Add some summer color to your rooms with fresh throw pillows, and as your open house draws near, see where a few well-placed floral arrangements would add bright color to draw the eye.
Last Checks
Before the day of your open house, there are a few more quick checks to be made. Walk around the house. Are the air conditioner units clean? Are the gutters and rain spouts in good shape? Outdoor spaces are great selling points to make your home more attractive to buyers, and a summertime Park City or Deer Valley open house creates the perfect opportunity to show them off. There are always a few little things you’ve been meaning to attend to…now is the time!
Looking for more open house tips? Call me today if you’re thinking of listing your Park City home for sale. We can discuss a marketing plan to get your home S-O-L-D this summer!
Heather Feldman
Equity Real Estate Luxury Group
435-731-0803
2014-05-29T15:12:00-07:00
2014-05-29T15:22:50-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:554
Park City Ut Home sellers may benefit from Mortgage Turnaround!
Park City Ut Homesellers may benefit from
Mortgage Turnaround
“U.S. Backs Off Tight Mortgage Rules” screamed the top headline on the front page of The Wall Street Journal last week. For Park City Utah mortgage shoppers, it could scarcely have been better news. Probably.
‘Probably’ because any change is not yet a done deal, but it’s hard to see what will derail the likely full reverse of the federal establishment’s years-long tight home loan policy. Why is this suddenly in the cards? The full answer is complicated, but here is a quick (admittedly over-simplified) summary of what’s been happening to Park City Utah mortgage applicants—and what probably lies ahead.
The ongoing real estate recovery has been less of a boon to banks (including Park City's` mortgage originators) than to other participants because of tightened lending guidelines. Since the economic meltdown had been triggered by the crash of too many ‘easy money’ mortgages that had been repackaged and sold to Wall Street investors, regulators created mortgage guidelines that were much stricter.
Although borrowers found it harder to qualify for mortgages, at the same time, the Federal Reserve held interest rates at such bargain-basement levels real estate sales hummed. But first-time borrowers found it hard to qualify.
But lately, observers of the national scene have been worrying. Over the past months, the gradual cooling of real estate activity may have been welcome in the sense that the torrid rate of activity had slowed from an unsustainable pace—but some economists began to fret. Even though there was still some growth, now there wasn’t enough—and that could stall the recovery for the whole economy.
Washington has decided to listen to the worrywarts: hence last week’s WSJ headline story. It reported on the first speech delivered by Mel Watt, the new boss of Fannie Mae and Freddie Mac, the mortgage giants whose policies largely guide what happens when you apply for a Park City home mortgage.
Among a number of other rules, there had been in place a basic guideline calling for minimum 20% down payments (and punishing repercussions for banks who didn’t agree). But one result came as a surprise to regulators: lenders were newly fearful of requirements that might penalize them for even reasonable loans that went bad, so they became even tougher than the guidelines! Real estate loans began to dry up. It had been hoped that private lenders would take the place of Fannie and Freddie, allowing the government to gradually back out of its leading role. But the lenders sat on their wallets.
Of his decision to lighten up on credit barriers, Mr. Watt explained that he hoped “that lenders will start operating more inside the credit box that Fannie and Freddie” provide. In other words, that mortgage originators will add to the easing effect by hewing to the guidelines instead of exceeding them. If so, we can expect an influx of long-frustrated first-time homebuyers.
If you have been thinking of offering your own Park City home for sale anytime soon, that should be a most encouraging development!
Contact me with questions at 435-731-0803
2014-05-26T16:08:00-07:00
2014-05-21T16:26:59-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:555
Staging your home for Summer
Listing Your Park City Utah Home In Summer Means
Staging tOutdoors
As the days grow longer and the thermometer rises, everyone wants to start spending more time outdoors—to make full use of our yards and patios. But what if your Park City home is going to be on the market this summer? Does it mean you have to stop enjoying yourself, stop entertaining guests, just because you want to keep the place in showable condition?
The answer is, of course, of course not. Using the outdoor spaces of your home means striking a balance between living your life and ensuring everything is in top condition when buyers come calling. It’s actually a staging opportunity, because most of your prospective buyers will be favorably impressed if your outdoor staging areas make it easy to picture themselves enjoying our beautiful Park City summer weather. You know the old but very true saying..." We came for the Winter but stayed for the Summer".
Staging your home’s landscaping thus takes added importance during summertime, beginning with overall curb appeal. Any time of year, potential buyers are often swayed by that first impression: as they approach the house, the impact will be one they’d like their own future visitors to have. Staging an inviting front yard appearance does wonders for your selling prospects.
Make sure your lawn is trimmed and the yard edged. During springtime and fall, a 2”-3” grass length is recommended, but as the hotter summer months approach, longer grass will help shade the soil and keep roots comfy. Minimize brown spots and thin patches by giving the blades an extra half inch.
Staging walkways and driveways means keeping cemented areas free of volunteer growing things. Having weeds, clover, or anything sprouting between stones or pavement is not only unsightly, it brings to mind the work required for upkeep (a turnoff to prospects). Although chemical herbicides are popular, an eco-conscious (and penny-conscious) alternative is plain old kitchen vinegar.
The most important staging advice for the outside of the house is that it give the impression that a fresh coat of paint won’t be needed for quite a while. Cleaning it can be enough, or if not, new paint may be needed. You can opt for professional painting, but if your home is sided, or if you’ve recently (within the past few years) had your home painted, pay attention to details like windows and other smaller touchups you can easily do yourself.
If staging the back (and possibly front) yards is likely to be a really important part of marketing your Park City home, give some attention to outdoor furniture. It’s expensive stuff, so if it’s going to really be a key selling point for the property, it might be worth the effort to really make the space shine. If you don’t have any outdoor furniture (and don’t plan to need any in your new house), consider hiring a stager just to handle the exterior spaces. Less expensive than a full home staging, exterior staging can make a huge difference in the overall appeal of your Park City home during the outdoor months.
Once you’ve revitalized of your home’s outdoor areas, keeping it in top showing condition need consist of little more than the regular weekly yard work and cleanup, a relaxing prospect for enjoying your property throughout the good weather months. And do give me a call—I’m standing by to take care of the rest!
Heather Feldman
2014-05-24T08:06:00-07:00
2014-05-21T16:25:06-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:556
Judge sides with Talisker and Vail in PCMR lease lawsuit
Judge Rules for Vail and Talisker in today's critical rulings.
Seems like it's just a matter of time for Vail to take over operation of
Park City Mountain Resort.
Judge Ryan Harris reaffirmed an earlier ruling that PCMR's lease of much of the terrain underlying the resort expired in 2011. He also ruled that PCMR was not denied a right of first refusal when Talisker Land Holdings, LLC reached an agreement with Vail Resorts to operate Canyons Resort. The deal could be expanded to include the disputed terrain at PCMR depending on the outcome of the case.
Park City Mountain CEO John Cumming prepared a statment:
"We respect the Court's decision but at the end of the day it doesn't change the fact that Vail and PCMR can and must resolve this dispute. For that to happen, both parties will need to sit down at the table, negotiate in good faith, and come to a rational agreement. We are committed to doing exactly that, which is why we have made repeated offers to buy or lease the disputed property for an amount far in excess of market value. But let me be clear: we will not walk away and allow a Vail takeover," Cumming said, in part.
Click this link to read the entire Park Record article:
<a href="http://www.parkrecord.com/ci_25808763/judge-sides-talisker-critical-rulings">Park Record Article</a>
Investors are starting to see the writing on the wall and starting to grab up properties at both Park City Mountain and Canyons Resort.
Call me for more information about snapping up a property here in Park City while it's still affordable!
Heather Feldman
435-731-0803
2014-05-21T16:32:00-07:00
2014-05-21T16:43:37-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:548
Vail offers to buy out Park City Mountain Resort!
Vail makes its move to buy out Park City Mountain Resort
Tuesday March 25 Vail Resorts made a formal offer to Park City Mountain Resort to buy them out.
Vail stated their intent would be to keep most of PCMR's employees and still allow Camp Woodward to be built and operated. Tension has been high in our little ski town since this lawsuit has been initiated. We as a community are torn between keeping the quaintness and history of Park City Mountain and creating a destination resort like Whistler/Blackcomb or Vail/Beaver Creek.
What is best for Park City? What is best for tourism ( pretty much everyone's livelihood)?
View the Park Record article below. Feel free to comment.
http://www.parkrecord.com/ci_25419000/vail-resorts-makes-buyout-offer-pcmr
For all of your Park City Ut Real Estate needs please contact me at 435-731-0803 or heather@parkcityhousehunters.com
2014-03-26T09:34:00-07:00
2014-03-26T09:51:54-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:532
Home buying negotiating mistake
One big negotiating mistake that can kill a home buying deal.
You found a home to purchase - Excellent! You and your agent submit your offer and negotiate terms and price. Finally, you are under contract.
Next, the inspection takes place and you do everything you can during your due diligence to discover if this home is for you. Here is one BIG mistake many buyer and Rookie agents make as quoted from Amanda Thomas, Broker Plano Tx on Active Rain:
Attempting to Negotiate Past The Deal
Sometimes it is the buyer, and sometimes it is the buyer's agent. Either way, over-requesting concessions, repairs, or other accommodations can quickly erode into hostility between parties and cause agreements to unwind. One school of thought suggests that one doesn't get if one doesn't ask. While true, a professional knows the difference between asking and negotiating.
All a seller EVER has to do once they agree to sell -- is to sell… They do not have to contribute to closing costs or do repairs or agree to any changes to the initial sales contract. A buyer's expectations should be managed up front so that the responsibility for discovery and acceptance lies squarely on the buyer's shoulders. By all means, if you want to see a reasonable seller blow up, get nit-picky. Send the seller a copy of your buyer's inspection report and demand that they fix everything that isn't perfect. Get trivial and try to split hairs. Or criticize repairs that the seller has kindly had done. And then stand back and prepare to see the fur fly. The art of negotiation dictates that something must be given in return for getting.
In Utah, Homes are Sold AS-IS
She says it perfectly. In Utah, homes are sold AS-IS. The Buyer can make reasonable requests of the seller to fix or address items that appear on the inspection report or that are discovered during due diligence, but they do not have to do a thing.
It is the Buyer's agent's job to set the expectations as to what is reasonable and appropriate for the area and the market. In a Seller's market where they have multiple or full price offers, the chance of getting your laundry list of repairs taken care of is remote. Typically, I counsel buyers to really look at the items that appear on the report and figure out what are the most important to them, then request a credit or a repair.
I normally suggest Sellers consider crediting or repairing items relating to safety, health or basic functioning of the home. They do not have to do a thing and sometimes depending on the final negotiated price they do exactly that, nothing.
So, Buyers as you enter into a home buying purchase, kep in mind how to make this a successful transaction and get the home you love.
2014-01-17T07:58:00-07:00
2014-01-17T08:15:55-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:524
Utah Housing continues to be a good investment
Historically speaking, Utah Real Estate is a good investment
Utah Housing has appreciated over 27% in the last 10 years according to the Census Divison.
<a href="http://www.estateofmindsites.com/subscriber_new/map.php?user_id=1&share=y">http://www.estateofmindsites.com/subscriber_new/map.php?user_id=1&share=y</a>
Contact me to invest in Park City Utah Real Estate
Heather Feldman
435-731-0803
<img src="https://assets.site-static.com/userfiles/437/image/housing_appreciation.jpg" width="585" height="633" />
2014-01-11T20:32:00-07:00
2014-01-11T20:50:27-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:523
Silverado Lodge new listing!
Silverado Lodge at Canyons Resort Park City Utah
Newly listed Silverado Lodge Studio
Fully furnished newer build in Canyons Resort complete with fabulous ameneties.
Pool with Spa, Fitness room, Steam Room everything you could want in a resort property!
Great way to break into the Park City market at the growing Canyons Resort.
Call me for a showing!
Heather Feldman
Equity Real Estate Luxury Group
435-731-0803
<a href="https://www.parkcityhousehunters.com/property-search/detail/50/9998889/2653-canyons-resort-drive-park-city-ut-84098/" title="Newly listed in Silverado Lodge"> </a>
2014-01-09T21:34:00-07:00
2014-01-10T21:19:30-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:516
Park City Mountain #50 Skiers Subway
Park City Mountain's 50th Anniversary
Imagine riding a rail car up a mining tunnel after waiting up to an hour just to ski!
Watch this video detailing Park City Mountain's lift system of the past.
Contact me to live the dream in Park City or Deer Valley
Heather Feldman
435-731-0803
2013-12-15T07:56:00-07:00
2013-12-15T08:01:26-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:510
Park City Mountain's 50th Anniversary
Park City Mountain's 50th Anniversary
"A Ski Town is Born"
Be sure to watch this video about how Park City moved from a small mining town to the ski resort it is today.
For information about becoming a local in Park City and Park City real estate, contact me at 435-731-0803.
Heather Feldman
Equity Real Estate Luxury Group
2013-12-10T07:15:00-07:00
2013-11-30T15:21:30-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:514
Park City's Best Neighborhoods, Old Town
Park City’s Old Town has a colorful history
and is full of character.
Old Town reflects the rich mining history of Park City, which was incorporated as a city in 1884, eighteen years after silver was discovered in its mountains.
Many of the original commercial and residential buildings still remain, reflecting the Victorian architecture of that era. Main Street in Old Town is known for its great shops, world class restaurants, art galleries and unique character.
You'll see multi-million dollar penthouses on Main Street right next to inexpensive condos. There are spacious ski-in, ski-out homes and small miner’s cottages, right next to homes that are maintained beautifully next to rental properties in need of some love. That’s the beauty of Park City’s Old Town. It’s not cookie cutter subdivision bland. The beauty is in the diversity, the diversity of homes and of residents. Approximately 50% of the homeowners are full-time, the other 50% are either second home owners or investment/rental properties.
Land is at a premium in Old Town. It is hard to find lots to build on - nobody wants to let them go!
From Old Town you can walk to Historic Main Street for dining or shopping. The City has installed stairs at intervals to get you up to Lowell and down to Park Ave. You are in the middle of all the action. Many of the Old Town homes are within walking distance to Park City Mountain Resort for skiing or hiking and biking in the summer.
Prices range from the $200’s for a condo up to $8+ Million dollars for a large home on a large lot. The average home right now is 3-4 bedrooms, 1 car garage, 2000 sq ft and runs between $799,000 and about $900,000.<br /><br />Old Town Real Estate Listings
2013-12-09T19:53:00-07:00
2014-01-10T21:19:55-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:513
Park Meadows, Park City Ut new townhome listed
Brand New Park City listing at the ever popular
Cove at Eagle Mountain in Park Meadows.
Beautifully furnished Park Meadows condo call for a showing.
<a href="https://www.parkcityhousehunters.com/property-search/detail/50/9998675/2710-gallivan-loop-park-city-ut-84060/">2710 Gallivan Loop</a>
2013-12-07T09:57:00-07:00
2013-12-07T10:08:10-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:508
When is a Short Sale a Great Deal?
When is a short sale a good deal?
Short sales are not as plentiful as they once were, so be sure you are willing to undertake this lengthy process.
Short sales can snag a great property for a buyer at a screaming deal…sometimes.<br />Short sales can take months and months before the bank accepts an offer, it can be one of the most aggrivating purchases you can make, and it isn’t always your best deal. If you would like more detailed information about Short Sales, read on…
Buyers make the mistake of assuming because it is a short sale
it is automatically their best deal.
Sometimes they’re right. Many times the seller owes such large amounts to the bank and the bank(s) price the home based on what they are willing to take, not what the current market dictates.
So, in a nutshell here is how the typical short sale works:<br />Seller decides/needs to sell, they owe more on the home than they can sell it for. Maybe they bought at the top, maybe they borrowed against the home – either way their loan is too high. <br /> The seller goes through a difficult process to get the bank to agree to allow a short sale<br />Bank agrees to a short sale, home is placed on the market.
Some sellers continue to maintain the home, others do not<br />Short sale homes are sometimes not available to show very easily, or are not listed with the local brokerage ( have to wonder about their motives – to sell it or squat until they are booted out?)<br />Pricing:<br />Most banks won’t tell the Seller or the Agent what they feel an acceptable price is, and it is left up to the agent to list and price the property to sell.
Some agents price the property to reflect market value, some go just below
and some properties are priced like a K-Mart blue light special.
Banks will conduct a BPO – Broker Price Opinion of what the property pricing should be. This is based on closed sales within a given area. This number can depend on which properties the broker uses for comparison. Did they use a good range of sold properties or just the distressed ones?<br />The process:<br />The short sale process can take months and months to complete. There is no standard processing time or procedure the banks follow. Many times the bank will not even look at any offers for weeks and weeks. The Buyer’s agent has no ability to communicate with the bank – the listing agent often has spotty communications with the bank. You place the offer and wait, and wait and wait.
Many Buyers get anxious and become tired of waiting. Many just walk away, so don't think just because the MLS status says "Under third party review" that it's a done deal. In Utah, earnest money is not required of the Buyer until acceptance by the bank, so it is easy to walk away. The banks don’t always use logic when choosing the offer they like. You could give them a full priced cash offer closing in 3 weeks and they might choose a lower financed offer closing in 5 weeks because it serves their purposes better – or maybe they are just too busy and approve the first one they grab off the pile on their desk! Plan on longer than you think it will take. Don’t give up your rental until you have bank acceptance and loan approval.
Things to ask:<br />When you are working with an experienced buyer’s agent, they will do the research to find out if this property is viable. Here are some of the questions your agent should get answered for you prior to getting emotionally invested in a home:
Where is the bank in the short sale process
Do they have any offers currently?
Is the agent planning on submitting multiple offers?
Have they had past offers and how has the bank responded?
Is this home priced in a reasonable range to make it a good deal and worth the wait?
If the short sale process has just started, the bank is less likely to take a low ball offer and will be more likely to try and get the highest price possible. If there are offers in currently that can make the possibility of your offer getting accepted lower. Sometimes the bank will work with the first offer until it dies or closes, then move on to the next. If the seller is planning on submitting multiple offers you know you will have some competition to face and should offer accordingly. How the bank has responded to past offers can be an indicator of how long the process could take. If the home is in a $700,000 neighborhood and is priced at $850,000, chances of getting a screaming deal price are slim and none – at least not right away.
Contact me and I can help you through this confusing and frustrating process.
Heather Feldman
Equity Real Estate Luxury Group
435-731-0803
2013-12-05T07:34:00-07:00
2013-11-30T14:57:17-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:511
Best Neighborhood, Silver Springs Park City Utah
Park City's Best Local's Neighborhoods
<a href="https://www.parkcityhousehunters.com/silver-springs/" title="Silver Springs Park City Real Estate">Silver Springs</a>
<a href="https://www.parkcityhousehunters.com/silver-springs/ranch-place/" title="Ranch Place Park City Real Estate">Ranch Place</a>
<a href="https://www.parkcityhousehunters.com/silver-springs/southshore/" title="Southshore Park City Real Estate">Southshore</a>
<a href="https://www.parkcityhousehunters.com/silver-springs/northshore/" title="Northshore Park City Real Estate">Northshore</a>
<a href="https://www.parkcityhousehunters.com/silver-springs/snyders-mill/" title="Snyders Mill Park City Real Estate">Snyders Mill</a>
<a href="https://www.parkcityhousehunters.com/old-ranch-road/willow-creek-estates/" title="Willow Creek Park City Real Estate">Willow Creek</a>
Silver Springs is a diverse area comprised of several different neighborhoods all within minutes to the I-80 and the three ski resorts here in Park City.
Ranch Place is a always hot area to buy or sell. Ranch Place consists of single family homes in a community backing to the Swaner Nature Preserve. The homes are typically from about 2500 sq ft up to over 4500 sq ft and most will feature a Mountain rustic look with some open beam work and log accents. The age of the homes varies, most built in the mid 1990’s, and many have undergone a remodel. The homes sit on lots between ¼ and ½ acre. This type of proximity lends itself to a cozy neighborhood feel.
Southshore/Northshore neighborhoods are both situated around lakes available for the residents use along with a lake-side park with playgrounds and picnic areas along with a covered pavilion for gatherings.
South Shore is the smallest single family home community within the Silver Springs area of Park City; containing 82 single family homes. South Shore has a small recreational lake accessible to all residents. South Shore homes tend to be owner-occupied, permanent residences. Most are three or four bedroom homes with three car garages and level lots. Some homes have ski area views and all have mountain views. Since most of these residences were built in the early 1990's, they also have mature landscaping.
Many of the homes in North Shore community have frontage on the larger lake. Most homes in the Northshore community are mountain rustic in style with four or more bedrooms, three-car garages, mountain views, mature trees, and curbside mail delivery. Lots in Northshore like most in the Silver Springs area are level allowing for easy winter driveway maintenance and range from one quarter to just over one half acre.
Snyder's Mill is a quiet neighborhood of 125 homes. Snyder’s Mill was named for early 1847 pioneer Samuel Comstock Snyder and his family who had a grist mill on the southeast corner of Silver Springs Drive and Highway 224, and a saw mill southwest of the Park City Nursery off Highway 224. Like many of the other Silver Springs neighborhoods, this one always sells well. The homes are placed closer together and are perfect for kids to have the run of the area.
Willow Creek is the newest area in Silver Springs. This neighborhood consists of newer construction of larger high-end homes on minimum of ½ acre lots bordered by open space and the ever popular Willow Creek Park. Willow Creek Park has several soccer fields, tennis courts, playground areas and a local pond used for outdoor skating and hockey in the winter.
For more information about buying or selling in Silver Springs, contact me at <a data-blogger-escaped-href="mailto:heather@parkcityhousehunters.com">heather@parkcityhousehunters.com</a>, or call me at 435-731-0803.
Heather Feldman
Equity Real Estate Luxury Group Park City Utah
2013-12-02T07:24:00-07:00
2013-12-09T20:15:14-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:512
Montage Deer Valley Tree Lighting 2013
Montage Deer Valley Ut
Annual Tree lighting Ceremony 2013
Tonight was the Montage Deer Valley 3rd Annual Tree lighting ceremony.
The Montage was ready with rich hot chocolate, hot cider, cookies and smores for all who attended. A roaring firepit out front kept us all warm while we waited for the moment of lighting. Promptly at 5:30 the lighting ceremony took place with 110 trees and more than 266,000 lights going on with a flick of a switch.
While we were there I took the opportunity to show my clients one of the Montage Residences. Beautiful and what a fabulous location on the mountain.
For more information about the Montage Residences
see listings below and call me for a showing. 435-731-0803
Below are a few pictures my son Daniel and his friend Eric took. Ok- we photoshopped them for fun!
<img src="https://assets.site-static.com/userfiles/437/image/image_4.jpg" width="301" height="351" style="display: block; margin-left: auto; margin-right: auto;" />
<img src="https://assets.site-static.com/userfiles/437/image/image.jpg" width="375" height="258" style="display: block; margin-left: auto; margin-right: auto;" />
<img src="https://assets.site-static.com/userfiles/437/image/image_2-001.jpg" width="368" height="226" style="display: block; margin-left: auto; margin-right: auto;" />
2013-11-30T22:41:00-07:00
2013-12-01T11:46:01-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:506
14 Things to consider before buying a home
14 Things to consider before buying a home
Things to consider before buying a home in Park City Utah
Check out the link to an article from Realtor.com about what to think about before buying a home. Of course, it has all the regular considerations... get an inspection, check the utility bill history, check the taxes, etc. All good things. However, this article does not specifially address things to consider when buying a Mountain home in a ski town like Park City or Deer Valley.
Driveways in a ski town are often overlooked as something to pay careful attentention to, especially if you are buying in the summer. An extremely steep driveway can be treacherous in a heavy snow year and can also be a factor for the next buyer of that home.
Most of Park City sits at about 6500 to 7000 ft elevation...
Amount of snowfall. Most of Park City sits at about 6500 to 7000 ft elevation and even that 500 ft differential can mean several inches of snow during a storm. Consider your tolerance for shoveling and dealing with snowfall. Most will hire a snow service to come plow the driveway and clear sidewalks, but the higher in elevation you get the more snow you will have and the longer it will stick around.
4 Wheel drive needed! In Park City our snow plows clear our roads beautifully and quickly. That doesn't mean they are always clear and dry. In a heavy storm ( the kind we pray for) snow can fall so quickly that the plows can't keep up and you would be smart to take your 4 wheel drive car out. One or all of the family cars should be all or 4 wheel drive preferrably with all terrain or snow tires for the winter.
<img src="http://igloochronicles.com/wp-content/uploads/2011/01/F-Park-Ave-Night-gw.jpg" width="299" height="264" alt="Park City Snowplow" style="display: block; margin-left: auto; margin-right: auto;" />
For more information about what to consider when buying check out the Realtor.com article linked below or feel free to contact me at 435-731-0803
Heather Feldman
<a href="http://www.realtor.com/home-finance/real-estate/buyers/14-things-to-consider-before-buying-home.aspx" target="_blank">14 Things to Consider When Buying a Home</a>
2013-11-30T12:20:00-07:00
2013-11-30T14:12:47-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:505
Camp Woodward comes to Park City!
Camp Woodward to break ground in Spring 2014 in Park City, Utah!
Not only is Park City the best place to ski with the best snow on earth, now we have a training/playground for our kids and teens they can use year round.
My 13 year old son tells me Camp Woodward is "sick" and he can't wait for it to be finished. Powdr Corp., the parent company of Park City Mountain Resort is also the owner of Camp Woodward and has finally decided to give our kids a place to play locally.
Andy Miller, Director of Public Relations at PCMR told me on Tuesday that the camp will be located in the First Time parking area. Check out Park Record article and the About Woodward video to get an idea of what our kids in Park City will get to experience.
<a href="http://www.parkrecord.com/news/ci_24582606/pcmr-presents-woodward-park-city" target="_blank">Park Record Camp Woodward article</a>
2013-11-27T20:29:00-07:00
2013-11-30T14:15:04-07:00
Heather Feldman
tag:parkcityhousehunters.com,2012-09-20:503
Tips to Save Energy and Add Value
When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.
1. Begin with a Right-Sized Home.
If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset.
2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.
And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges.
3. Install Efficient Lighting Such as Compact Flourescent (CLF) or LED Bulbs in Every Fixture.
Lighting accounts for about 6 percent of an energy bill each year.
4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.
You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your thermal envelope, which includes insulation, windows, and doors and the seals or weather stripping around them. Visit <a title="Energy Saving Tips" href="http://energy.gov/energysaver/energy-saver" target="_blank">energy.gov/energytips</a> for more tips.
2013-11-13T18:06:00-07:00
2013-11-13T16:07:13-07:00
Heather Feldman