Park City Real Estate Blog

Park City Local Business Spotlight: Exchange Etc...

By Diana
Apr 27, 2016

Exchange Etc

We're big fans of bobbles, belts, and boots. Exchange Etc...is an adorably curated consignment shop that ranges from sparkly flapper dresses to authentic cowgirl boots. Even the space is right out of dreams of LouLou de la Failaise's boudoir. Lounge about on velvet Roman couches whilst dangling some pearls on under a fabulous floppy hat.

Part vintage treasure chest, part hippy clothing swap, part costume closet...it's just pretty fun with a romantic flair. So, stop in, change up your personality, get inspired for a theme party, and find that dream pair of Chanel block heels you never thought you could afford.

We love the businesses that keep Park City colorful. Thanks, Exchange!

Exchange Etc...

1755 Bonanza Drive

435-649-3726

Western Resort Towns End With Strong Ski Season

By Diana
Apr 26, 2016

Resort towns in the West ended the 2015-2016 ski season with a strong finish.  According to a press release from DestiMetrics, a company that tracks resort performance in mountain destinations, including Park City, occupancy numbers were up 4.3 percent for the season after the inclusion of March's numbers.  Revenues were up 5 percent compared to the previous season.  Strong snowfall throughout the West played a big part in the success of this past ski season.  Here in Park City a strong December and January snowfall got us off on a good start.  We only hope that next year can be even stronger!

park-city-skiing

 

 

 

 

Park City Real Estate Tip: Be In The Know About Easements

By Diana
Apr 25, 2016

When you buy a home or a piece of land, in Park City or Deer Valley, make sure you know about any easements attached to the property.

Easements are created for a variety of reasons: to connect county roads to neighboring properties, to share a well by two or more properties, for utility company’s present or future use, or to allow public access to National parks and beaches. Sometimes a neighbor has been using a portion of the land for several years without the owner’s consent and claims easement by prescription.

Easements usually transfer with the sale of the property, (called “running with the land”). Easements can determine how you can use the property, which could also affect its resale value.

Sometimes the seller won’t know about every easement. The title insurance policy should list any easements on the land and who benefits from them.

It is important to know where any easements are, because even if the easement owners aren’t using them now, they could exercise their rights in the future.

For rock solid advice on buying or selling real estate, call Craig Reece at 435-647-8017. Craig has been a full time Park City resident since 1973 and a full time Park City real estate agent since 1978.

A beautiful lot for sale in Promontory A beautiful lot for sale in Promontory

 

Earth Day Celebration In Park City

By Diana
Apr 20, 2016

recycle utahEarth Day is Friday April 22, and Park City is putting on a celebration! The nonprofit Recycle Utah is the one putting on the celebration, and wants to spread their message of helping people lead sustainable lives.  The celebrations will begin on Thursday the 21st with a free film-screening of Grant Baldwin's documentary "Eat It: A Food Waste Story."  The screening is a partnership with the Park City Film Series and will be screened at the Jim Santy Auditorium at 7pm.  The film is about the massive food waste epidemic in the United States.

Then on Friday, Earth Day the real party begins! Whole Foods in Kimball Junction will be donating five percent of the Earth Day net sales to Recycle Utah, and Recycle Utah will be there from 10am to 3pm to collect electronic waste.  Then that evening Recycle Utah will hosts it annual Earth Day Fundraiser at Wasatch Brew Pub on Main Street from 6pm to 9pm.  Tickets are $35 for adults and $15 for kids 12 and younger.  Tickets include dinner, two drinks, and silent auction.

Go to www.recycleutah.org for more info on this Earth Day event in Park City.

Deer Valley Specialist Real Estate Tip: 6 Budget Friendly Ways To Make Your Patio Fun

By Diana
Apr 19, 2016

Is your outdoor space more drab than fab but you don’t have the inclination (or budget) for a big makeover? Whether your space is big or small, here are eight easy-on-the-wallet ways to make it more alluring and comfortable.

patio lights

1. Opt for circular tables over rectilinear shapes. If you’re in the market for an outdoor table and chair set, consider a circular or oval-shaped table over square or rectilinear. Rounded tables are easier to navigate around and can better accommodate another guest in a pinch. No one likes to sit at the corner during dinner.

2. Maximize your garden walls. Most gardens concentrate on the ground surface, but fences and walls also offer design opportunity. You can re-purpose vintage mailboxes into planters, or put in some wooden plant boxes on the top of your fence. It’s a great use of space on a small patio.

4. String up lights for an inexpensive transformation. String lights can make the saddest of spaces look upbeat. Cost varies from about $10 to $175 per string, depending on the quantity of lights, material, bulb type and whether they’re heavy-duty-rated for commercial outdoor use. Most are in the $20 to $40 range. Design options abound, from small to large globes and with or without decorative shades.
5. Nix neutrals — weave in pattern and color. Decking material, pavers, fencing and home exteriors tend to be neutral, so without some pattern and a punch of vivid color, your space can look lackluster. These days, indoor-outdoor carpet and area rugs come in a bevy of patterns and colors, it is easy to livin up space with a fun rug. Throw pillows are another easy way to introduce pattern, color and texture without a lot of commitment.  Pillows also make sometimes stiff outdoor lounge seating more comfy. Make sure the fabric and insert are appropriate for outdoor use if they’re not going to be covered.
6. Reuse what you already have. Check your attic, basement and garage for underused pieces that might find new life outdoors. Make a tiered plant stand from a previous large candle holder, or make colorful kitchen colanders into hanging baskets for plants!
*Some excerpts from this blog were taken from Houzz.com

Heber Valley Offers Beauty And Affordable Real Estate

By Diana
Apr 14, 2016

Heber Valley is a short 25 minute drive from Park City and offers plenty of recreation as well as lower home prices.  Heber was in the top 10 fastest growing small cities in the United States last year and even though real estate is still affordable there now, prices are rising.  If you are priced out of Park City, Heber and Midway are great places to look to buy real estate.

Enjoy this short video put together by Heber Valley Tourism and contact us today for more info on real estate in the Heber Valley.

 

Park City Real Estate Best Buy Of The Week: Spacious Prospector Condo

By Diana
Apr 13, 2016

Our Park City real estate best buy of the week is a spacious Prospector condo with modern touches.  This 3 bedroom Prospector condo sits in one of the newer buildings in Prospector, it was built in 2007 where-as most condos in Prospector were built in the late 70's and 80's.  This park city condo has an easy one level floor plan, with plenty of light and an open concept.

This condo in Park City features: 3 bedrooms, 3 baths, modern kitchen, custom lighting, deck off the kitchen that is stubbed for a gas BBQ, large master bedroom with private deck, walk-in closet, and jetted bathtub.  These are things you will be hard to find in Prospector! There is a also a laundry room and large pantry in the dining room area.

Prospector is centrally located right on the bus route and within minutes to skiing.  There are several restaurants within walking distance and the rail trail is just steps away.  This condo is move in ready and the price includes the furnishings.  It also allow nightly rentals so you can bring in some extra income if needed.  The HOA dues are also low for this area and include water and sewer.

Contact us today for more information on this condo or any real estate in Park City.  Click here to see more photos and the amazing price:

Prospector Condo For Sale in Park City

*Photo courtesy of Summit Sotheby's  - Park City

Nice open floor plan in this Prospector condo in Park City. Nice open floor plan in this Prospector condo in Park City.

 

 

Snowbird Approved To Expand Into American Fork Canyon

By Diana
Apr 12, 2016

It was decided a few days ago by the Utah County Board of Adjustment to allow permits for Snowbird to expand another 500 acres into American Fork Canyon. This means new chairlifts, gondola, and zip lines.  While some are celebrating this announcement others think it will ruin the pureness and beauty of the Canyon.  Snowbird won't be starting any construction for another 2 years after they monitor the water quality and then measure again once construction does start.  What do you think about this expansion are you for or against it?

See the more info here:

Snowbird Approval to Expand

photo courtesy Snowbird The U.S. Forest Service has agreed to conduct detailed environmental studies of Snowbird's proposal to build a tram from Hidden Peak toward the ridgeline between American Fork Twin Peaks. photo courtesy Snowbird
Ridgeline between American Fork Twin Peaks.

Deer Valley Specialist Real Estate Tip: First Time Home Buyer Tips And Challenges

By Diana
Apr 11, 2016

home exteriorAlong the Wasatch back, rent is astronomically high while interest rates are still historically low; buying a home seems like a no-brainer. Yet Millennials have been slow to take on home ownership. Why the hesitation?

There are several factors: A recession which brought with it high unemployment resulted in a massive number of foreclosures that attracted real estate investors... in droves. With more rentals available and fewer homes for sale, demand for rental properties increased and with it, skyrocketing rents. In addition, New college graduates looking for higher-paying, career-oriented jobs were sidelined by high unemployment and unprecedented student loan debt limited access to credit and reduced borrowing limits.

Add it all up and Millennials are at a serious disadvantage. However, there are some fundamental tactics to help navigate the current real estate market and succeed in finding a home.

DO YOUR HOMEWORK

There is vital information you should know, but probably don’t, about buying a home. Just because you don’t know, doesn’t mean you can’t know.

Check your credit–This is important! Ideally, you should have ample credit available and only a third of it used. Repairing damaged credit should begin at least 6 months before starting your home search.

Evaluate Assets and Liabilities–Track your income and spending for a couple of months. Compare your earning power and cost of living. Are you due a raise or can you live more economically?

Qualify yourself–A lender can tell you how much borrowing power you have, but only you know how much you can comfortably spend. Which brings us to...

Unexpected fees–Don’t forget to prepare for these fees: closing costs, property tax, HOA fees, life insurance, mortgage insurance, home insurance, utilities, maintenance, etc.

Figure out your down payment–Once you know how much you can borrow, unexpected costs, and your spending limit, you can figure out a down payment that will keep your monthly payment “comfortable”.

Organize documents–Your lender will need 2 most recent pay stubs, the previous 2 years’ W-2s, tax returns and the past 2 months of bank statements. Knowing what you need and where to find it will save you time and effort.

CONSIDER YOUR OPTIONS

There is dramatically low inventory of starter homes and prices are rising. Many homes are receiving multiple offers which creates challenges for first-time buyers. Increase your chances of finding a suitable property by considering some alternatives.

Go smaller–A smaller home, a smaller lot size or a lower cost neighborhood can reduce your costs.

Take on a project–Homes in need of updating, cosmetic improvement or a manageable degree of repairs are typically cheaper and in less demand.

Share the cost–A duplex or a home with an apartment will allow you to cover your mortgage by renting out one of the living spaces while living in the other. Save money while building equity and when you are ready to move up you can either rent or sell the property and apply the profit to your new home.

MORE TO CONSIDER

Interest rates are at historic lows, and first-time buyer programs, (featuring low or no down payments) are currently plentiful in the industry. With home values rising faster than salaries and comps, a lower home appraisal can be a bargaining chip to reduce the cost of your new home, even in this competitive market.  Contact us today for more information and help buying your Park City home.

 

Park City Weekend Events April 8-10

By Diana
Apr 08, 2016

It is closing weekend for Park City Resort and Deer Valley Resort, both will be closing on Sunday the 10th.  As always the last few days are filled with costumes and good times so make it up one last time for some spring skiing! Here are the other fun things happening this weekend in Park City:

Loudon Wainwright III - The Egyptian Theater on Main Street will present Loudon Wainwright III on Friday and Saturday night at 8pm.  Wainwright is a Grammy winner with a long and successful career and more than two dozen albums. Tickets range from $19 to $29 and can be purchased going to www.parkcityshows.com.

Park City Film Series - This week the Park City Film Series will show "Embrace of the Serpent," which isnt' rated. "Embrace of the Serpent," is the story of the relationship between an Amazonian shaman and two scientists who work together over the course of 40 years to search for a sacred healing plant. Showings are at the Jim Santy Auditorium at The Park City Library on Friday and Saturday at 8pm and Sunday at 6pm.  Tickets are $8 for general admission and $7 for students and seniors.

aspen santa feAspen Santa Fe Ballet - The Park City Institute will welcome back the Aspen Santa Fe Ballet at the Eccles Center for the Performing Arts on Saturday at 7:30pm.  The Aspen Santa Fe Ballet is celebrating its 20-year anniversary.  Tickets range from $25 to $75.

Have a wonderful weekend!

 

 

 
 
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