Only $549,900 for this fabulous 4 bedroom Townhome at Bear Hollow Village in Park City Utah.  This motivated seller just lowered his price and wants this property sold.  This is a wonderful deal for a great property in Park City.  It even comes fully furnished with a hot tub and air conditioning.  Nightly Rentals are allowed here.  Visit Bear Hollow Townhome for Sale for more details on this great deal that won’t last.

Call Julie Olsen at 435-513-2848 Today to preview this property.

I find that getting a loan for these townhomes is typically much easier and more favorable than for regular condos and condo hotels in Park City. 

Visit Park City Utah Real Estate to search the entire Park City Utah MLS to see all properties for sale in the Park City area from all brokerages.

Only $585,000 for a terrific 4 bedroom townhome at Bear Hollow Village in Park City Utah.  This townhome shows like new and was built in 2005 with some great high end finishes.  This is a spacious townhome which offers two living areas.  One on the main area of the home open to the gourmet kitchen and one in the lower level of the townhome.  I find families really enjoy having two living areas.  One for the adults to enjoy and one to send the kids to.  There is an attached 2 car garage  and private covered deck with a hot tub.  This new listing comes fully furnished.  Click Here for more information on this new listing.

Bear Hollow Village is a development that allows for nightly vacation rentals so owners can earn some income to help offset the cost of ownership yet still use their second home when then need it.   There is onsite property management available with All Seasons or one may want to rent it out themselves on sites such as Vacation Rental By Owner www.VRBO.com. 

Bear Hollow Village has become popular Park City development because not only does it offer affordable new construction condos and townhomes near the Park City ski resorts but it also offers some great amenities with its large clubhouse and outdoor swimming pool. 

Contact Julie Olsen at 435-513-2848 or julie@bestskiproperty.com to Preview this nicely appointed townhome in Park City Utah.

If you are looking for a new construction luxury condo for sale at Park City Mountain Resort, then you will need to preview the new Silver Star project.  There is a limited amount of new construction properties near the Park City Mountain Resort.  The Silver Star is a fabulous new ski in ski out project at the base of Park City Mountain Resort with it’s own ski lift , the Silver Star.  The project offers townhomes, stacked flat condos and twin home cottages.  There is an owner ski locker room located near the Silver Star ski lift as well as a shuttle service for owners and guests.  Some of the properties are finished and several are still underconstruction.  All those properties for sale at Silver Star are re-sales so it is possible to negotiate on the purchase price.

Visit Silver Star Condos for Sale to view all the current listings from all the local brokerages.  Please contact Julie Olsen at 435-513-2848 or julie@bestskiproperty.com so she can help you preview these properties.  Julie specializes in assisting buyers find the perfect property in the Park City area to meet her buyer client’s needs, helps look out for their best interests, helps negotiate for the best possible price and offers an attractive Buyers Incentive Program.

I would like to introduce you to a great Park City Utah Mortgage Lender, Karen Scott at Crescent Mortgage.  She will periodically write informative blog posts here on my Park City Real Estate Blog regarding Mortgage Information.  I have had the opportunity to work with Karen on several mortgages and really enjoy working with her.  She truly looks out for my buyer client’s best interests first. 

I always recommend with my buyer clients who are planning to purchase real estate in the Park City area to get pre-qualified for a mortgage.  It can make you look so much more attractive when submitting an offer which in turn can help you in negotiating for the best possible price.  Contact Karen at 435-649-2999 or email Karen at karen@crescentmtg.com  so she can help pre-qualify you for a mortgage Today.

President Bush is expected to sign the highly anticipated stimulus package.  The plan now includes rebate checks for 100 million Americans and will also raise conforming loan limits in some areas for Freddie Mac, Fannie Mae, and FHA loans.
Several things must occur before applications with the higher loan amounts can be accepted by any lender:

1. The internal impacts to Freddie, Fannie and FHA must be assessed to determine the delivery approach to mortgage lenders.
   
2. Freddie, Fannie and FHA must communicate their requirements to mortgage lenders.
   

HUD has 30 days from the final passage of the legislation to provide their official loan limits for all areas. 
Please note that the increases are a temporary solution for some high-cost areas.  The higher loan limits will not be immediately available.  Loan limits may be as high as $729,750; however, this amount will not be a nationwide loan limit.  Increases will be made based on the median area sales prices.
Specifically for Park City, we may be grouped with the Salt Lake Metropolitan Statistical Area (MSA).  If that is the case, the increase in our loan limits will be much lower than the maximum $729,750.  If HUD uses the MSA for coming up with the median area sales prices, our adjusted conforming loan limits may be $477,355.  This is an increase from our current $417,000 conforming loan limit.
Remember nothing you hear (right now) is official! The official loan limits will not be delivered by HUD until 30 days after the passage of the legislation.
If you have any questions, please contact me.

Karen Scott
Senior Loan Officer/CPA

1755 Prospector Avenue, Suite 201
Park City, UT  84060
(Cell) 435-901-1026
(Toll free) 877-420-2999
(Office) 435-649-2999
(Fax) 435-649-2919
karen@crescentmtg.com

Karen Scott is an Expert Local Park City Utah Mortgage Lender.  Karen can help pre-qualify you for a loan today.

Now is a great time to consider buying your dream ski home or condo in the popular ski community of Park City Utah.  With the ski season here, sellers who are wanting to sell their ski property have them on the market to sell.  There is a great selection to choose from as well as a some great interest rates. 

Park City offers some great value for a ski community compared to other popular ski communities.  It continues to grow in popularity so buy now before it’s too late.  There are some great new ski condo projects in which flippers are trying to get out of their investment.  I see it as a great opportunity to pick up a great deal on a great property from those who need to get out of their flip. 

As a Certified Negotiation Expert and Resort & Second Home Property Specialist, I would enjoy the opportunity to help you find the perfect property in the Park City area as well as help you negotiate for the best possible price.  I also offer to my buyer clients an attractive Buyer Incentive Program which can help save buyers up to an additional $10,000 depending on the purchase price of the property.

Visit Park City Condos for Sale to search for all ski condos for sale at Park City’s world class ski resorts (Deer Valley, Park City Mountain Resort & The Canyons Resort) or to find all ski homes for sale in Park City visit  Park City Homes for Sale.

Julie Olsen, Accredited Buyer Representative

Mobile: 435-513-2848  E-Mail: julie@bestskiproperty.com 

New on the market is a 1/6 share deeded ownership opportunity for a large 4 bedroom 4 bathroom townhome in the Lower Deer Valley area.  This 1/6 share is listed at $295,000 and offers two guarenteed weeks in the winter and two in the summer as well as space available days.  MLS#9972877 on the Park City MLS.  Click here to view the virtual tour for this property.

As a Resort and Second Home Property Specialist, I can help you find the perfect property to meet your needs in the Park City area.  Visit Park City Fractional Real Estate to search all fractional properties for sale in the Park City Utah area.

Julie Olsen, Accredited Buyer Representative

Mobile: 435-513-2848   E-mail: julie@bestskiproperty.com

One of the most important things when owning a second home or condo in the Park City area is making sure your furnace is working and on during the cold months.  I have found not all second home owners in the Park City area live in colder climates where they need to heat their homes so they are not aware of the importance of their home’s furnace functioning properly. 

It is very critical when you initially purchase a Park City home, condo or townhome to make sure the utility company has been contacted so that there is not a disruption in service for your heating system.  I have seen occassions where the furnace has either not been turned on or accidently turned off during the cold months which has then caused incredible damage from broken water pipes.  Without adequate heat in a home pipes have a high chance of freezing and thus breaking.  The major damage that occurs would be water damage which can cause thousands of dollars in damage to a home but it is so easy to prevent. 

There are many property management companies in the Park City area that can periodially check your home to make sure everything is running properly while you are away.  It is a worthwhile minor expense that can save you thousand of dollars in potential problems.  They can also help advise you on what would be the best temperature to keep your home set at when you are not around to help prevent problems from occuring.

Julie Olsen, Accredited Buyer Representative

Mobile: 435-513-2848  E-Mail: julie@bestskiproperty.com

If you are looking to buy a vacation home in Park City visit my Park City Utah Real Estate website to search all current listings from all brokerages.

So you are interested in buying real estate in the popular ski community of Park City Utah but not sure which Park City neighborhood will best meet your real estate desires.  As a Local Park City Realtor and Long Time Resident, I can take you on a neighborhood tour to help you determine which Park City neighborhoods to focus your property search on.  Maybe you are looking for a ski in ski out property at your favorite Park City resort or maybe your family is looking to relocate to the Park City area to raise your kids in a healthy and fun environment.   Please contact me so I can help you find the perfect neighborhood in the greater Park City area.

Visit Park City Neighborhoods to view information on the various Park City area neighborhoods and Park City Map to see where each neighborhood is located.

Julie Olsen, Accredited Buyer Representative

Mobile: 435-513-2848

E-mail: julie@bestskiproperty.com

Website: www.BestSkiProperty.com

If you are looking to buy a single family home in the Park City Utah area and would like to place it in a nightly rental pool, be careful about the neighborhood you choose.  Not all neighborhoods are zoned to allow for nightly rentals in the Park City area.  Placing your vacation home in a nightly rental pool can help generate some income to help off set costs of ownership when you aren’t using the property.  It is best to work with one of the Local Park City Realtors who will help look out for your best interests first so that you don’t end up buying in a neighborhood that will not allow it if that is what you are looking for.  There are also some neighborhoods that don’t allow condominiums to be placed in a nightly rental pool but more do allow it than with single family home neighborhoods in the Park City area.

As a Park City Resort and Second Home Property Specialist, I will help you find the most suitable property that will best meet you and your family’s needs. 

Call Julie Olsen at 435-513-2848 or email her at julie@bestskiproperty.com Today.