September 2014

Found 9 blog entries for September 2014.

If you're thinking about buying a vacation home in Park City or the surrounding area, you've likely been wondering when the best time to make your move might be. In today's blog post we'll share a few reasons why now is an excellent time to purchase a house or condo here in Park City. Is Now the Time to Buy a Vacation Home? Yes, and Here's Why

The Busy Summer Real Estate Period is Coming to a Close

The local Park City real estate market tends to cool off a bit as the summer comes to an end, which will benefit you in a few ways. You will have less competition for vacation home that are high on your short list of opportunities, and you will likely find that your bids are more warmly received as sellers start to get a bit more hungry for attention. New homes that get listed on the market are also likely to be

503 Views, 0 Comments

Like any investment, your vacation home requires a bit of love and attention throughout the year to help keep it in the best possible condition and to maintain its resale value. In this blog post we'll share a handy checklist of home maintenance activities that will help to keep your Park City vacation home in great shape. Vacation Home Maintenance: View Our Handy Checklist

Preparing Your Vacation Home for the Winter Snows

Cleaning the Gutters and Inspecting the Roof – Autumn leaves, pine needles and other debris will clog your gutters and must be removed before the snow begins to fall. While you're up cleaning things out, give the roof a quick inspection for damage, missing shingles and the like. Winterizing Your Faucets, Sprinklers and Pipes – Once the cold weather hits anything left outdoors with

498 Views, 0 Comments

Self-employed borrowers often face unique hurdles that could make it difficult for them to get approved for a mortgage to purchase their new home. One of the reasons I see frequently is that when you are self-employed you can "write off" many expenses that W2 employees cannot, and while this is a good thing when it comes to calculating how much is owed for taxes, it also reduces your income which the mortgage lender uses when underwriting your loan application. Translation:

  • Write more off = Less taxes.
  • Write more off = Less income.
  • Write more off = Higher debt to income ratio.
  • Write more off = Borrow lesser amount.

This issue could be even more of a problem in the first couple of years of self-employment due to all of the start up

663 Views, 0 Comments

Autumn leaf color season is here!

"When is the peak color for The Park City area?" The elevation and weather have an effect on the brilliant fall foliage season. Typically, the higher elevation and peaks will kick off the season. An early frost in Park City will speed up the show and warm weather prolongs it. Looking for a great place to admire the changing leaves? Plan an autumn visit mid-September to early November, you can take a short drive from Park City to the Sundance resort, Cottonwood Canyon, Emigration Canyon, or other mountain roads to find the best color of fall leaves. My favorite place is Robert Redford's Sundance Resort #sundanceresort, a year round mountain recreational area. Located at the base of the awe in springing 12,000-foot Mount

602 Views, 0 Comments

Are you thinking about buying a Park City vacation home? Congratulations! Owning a second home in a market like Park City is an excellent investment that will provide your family with years of enjoyment. However, it's important to note that the vacation home buying process can be a bit different than what you're used to – especially if you plan on renting your home out to generate an additional stream of income. In today's blog post we'll share a bit of guidance on how to balance expectations versus the realities of buying vacation real estate in Park City. Vacation Home Buyers: How to Manage Your Expectations

The Vacation Home Market and Your Local Market are Different

If this is your first time buying a second home or a vacation property, it's worth noting that the real estate market in a popular

480 Views, 0 Comments

US Construction Big homes are a big deal on the national housing market, according to a recent article in USA Today.

Evidently, a growing number of home buyers are looking for larger homes to accommodate their every need and desire.

In fact, of the 569,000 homes built last year in the US, about 33 percent (or 188,000 homes) had three or more bathrooms. That’s the largest share since tracking of new construction homes started in 1987.

Meanwhile, 44 percent of last year’s total new homes (or 251,000 homes) featured four or more bedrooms – which is the largest share it’s been since 1973.

These homes also tend to come with a lot more amenities:

  • 53 percent of the homes built last year (301,000) had a patio
  • 63 percent (361,000) had a porch
  • And 22
352 Views, 0 Comments

Do you own a vacation home here in Park City, or are you thinking about buying one? One of the advantages of owning vacation properties is the ability to generate residual income by renting them out to short-term tenants who are visiting the area. In today's blog post we'll share a few key tips on how to market and manage your vacation rental so that your clients leave happy, share positive reviews and come back again in the future. How to Be an All Star Vacation Rental Contact our Park City Real Estate Team by Email Here

Start by Analyzing Your Competition

While it used to be a bit of a challenge to market a vacation property, the advent of websites that cater to short-term and vacation rentals has made things a lot easier. Before you start building your listings on the major

489 Views, 0 Comments

Are you thinking about buying a Park City vacation home to enjoy at various times of the year? If so, you may be considering the possibility of renting your home out the rest of the time to generate some additional income. While you can manage this process yourself, if you can't find the time in your schedule you can hire a local property manager to handle most of the workload. In this post we'll share a few considerations that you'll need to know when choosing a professional property manager to manage your vacation home. What You Need to Know When Choosing a Property Manager Contact A Park City Agent

Why Do You Need to Hire a Property Manager?

First and foremost – why do you need to hire a property manager? If you live close to Park City or can make regular trips up for maintenance and various other

581 Views, 0 Comments

US Home Selling 2It’s always a good sign on the national housing market when sales activity is better than even the experts predicted!

And that’s exactly what happened recently when the latest market activity report was released by the National Association of Realtors in July.

Evidently, contracts to purchase previously-owned properties increased more than expected during the month of July, signaling that there truly is renewed momentum on the national housing market.

Let’s Take a Closer Look at The Numbers

According to a report from the National Association of Realtors, the pending home sales index increased 3.3 percent after a 1.3 percent decrease during the month of June.

That increase is much higher than previously expected. In fact, the median

365 Views, 0 Comments