January 2014

Found 6 blog entries for January 2014.

Buying a home is the American Dream. For some, that even extends into vacation real estate. We all love to travel and spend countless hours away from the business. However, owning a second home is a huge financial transaction and requires careful consideration before buying. The most common question vacation home buyers have in Park City is how much can they afford. We all want to plan ahead and make sure we don't find ourselves in hot water financially. So, below we've compiled a few things to consider when buying a vacation property in the Park City area and to hopefully give you a clearer picture on what you can afford:

Park City UT Homes for Sale

1. Housing ratio (30% of gross monthly income)

This is the percentage of your gross monthly income that you will spend on

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If you will be moving to Park City, you want to have a home that is going to work well for you and your loved ones. The right home should be affordable so that you do not risk your family going into foreclosure, but the house should also fit your lifestyle needs. Buying a home is an incredibly large investment, so practical and logical thinking are necessary for making the right choice. [caption id="attachment_793" align="aligncenter" width="300"]Park City Outdoors by Cameo Homes Inc.[/caption]

1. Visit the Home Several Times

It is a good idea if you visit the home you're looking to buy several times and at varying hours of the day. You might visit a house for the very first time in the evening but when you go back in daylight, you notice that the paint on the walls

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US Real EstateExperts emphasized recently what they’ve been saying for weeks: The US housing market will show even better gains in 2014.

Evidently, experts believe that it will be a good year for housing, despite the fact that sales are likely to level off slightly.

Those interested in buying and selling real estate in the US in 2014 will surely find the following information helpful as they navigate the market!

Good News for US Homes for Sale

Here’s the outlook for the US housing market, according to a recent article I was reading:

  • Interest rates on 30-year mortgages are expected to rise above 5 percent by midyear. Currently, the national average is about 4.5 percent.
  • Home prices are expected to increase 5 to 6 percent in 2014, which is about half
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Are you interested in buying a home in tourist hot spot Park City, UT? If you want to enjoy the beauty that Utah has to offer and you would like to live between three major ski resorts, it is important to assess all of your options before you make any long-term commitments to buy. Park City is a beautiful place that is undergoing a community redevelopment, but you must look past the beauty and all of the amenities on an MLS listing and think logically, so that you do not make common home buying mistakes. Here are 5 of the most common mistakes for you to avoid if you are gearing up to buy a home right now:

Park City Homes for Sale

1. Don't Put Down a Nominal Down Payment

Even as lending requirements received tighter restrictions, it's still possible to buy a house with

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As the New Year rolls starts up, you are probably planning to make some healthy changes to your life. Why not bring those changes inside the home as well this year? Responsible homeownership doesn’t happen accidentally. This year, make a resolution to improve yourself and your home. The entire family will benefit, and your budget will likely reap some benefits as well. [caption id="attachment_1107" align="aligncenter" width="800"]Park City Real Estate Photo by Ivan Pik[/caption]

Get Fit with Home Maintenance

Lots of folks ring in the new year with grand ideas for fitness. Rather than spending all your time exercising at the gym, why not put a little sweat equity into your home? You’ll be surprised how many calories you can burn doing basic upkeep around the house. Build

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National home salesThe sales of new U.S. single family homes fell only slightly in November in the wake of higher mortgage rates.

Meanwhile, prices on new homes continued to rise, signaling to national housing market experts that the market truly is weathering higher mortgage rates, according to a recent news article.

National Housing Market Showing Resilience, Experts Say

The Commerce Department recently reported that sales fell 2.1 percent to a seasonally adjusted annual rate of 464,000 units.

Here’s what else was revealed about recent market activity:

  • November’s numbers marked a fall from October’s revised 474,000 pace, which was the highest level since July 2008.
  • For November, economists had expected new home sales to be at a 445,000 unit pace in
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