Tuesday, December 26, 2017

What is Happening this Holiday Season in Park City

Snowfest at Park City Resort
December  31


Celebrate the holiday season by heading to Park City Snowfest,
a winter festival including après musical acts,
village entertainers, and more. For more info click here.

December 31: New Year's Eve Celebration



Movies at Park City Library
Park City Library 


Park City Library will feature an assortment of
great movies to boost your holiday spirits. Some
of these include:


The Sound of Music: Dec 28Wonderwoman: Dec 29The Florida Project: Dec 29-31


Torchlight Parade at Deer Valley Resort
December 30 • Deer Valley Resort
This magical holiday tradition at Deer Valley Resort is not to be missed! The Torchlight Parade will be held on Big Stick ski run on Bald Eagle Mountain, behind Snow Park Lodge. Hot cider and cookies will be served on the Snow Park Plaza. For more info click here.


US Olympic Team Trials - Ski Jumping and Nordic Combined
December 30-31 • Utah Olympic Park

Utah’s 2002 Olympic venues will play a key role in determining the first skiing athletes nominated to the 2018 U.S. Olympic Team to compete in PyeongChang. The U.S. Olympic Team Trials – Ski Jumping & Nordic Combined will be held Dec. 30-31 at the Utah Olympic Park in a winner-take-all event where the vistors will be named to Team USA. For more info click here.



Rhiannon GiddensDecember 31, 8pm  |  Eccles Center Theater  |  1750 Kearns Blvd

PCI’s traditional New Year’s Eve show features multi-instrumentalist and GRAMMY-award winning singer Rhiannon Giddens. The co-founder of the band, The Carolina Chocolate Drops, in which she plays banjo and fiddle, Giddens has played with Yo Yo Ma in The Silk Road String Ensemble. Her gift is to deliver haunting, performances, woven with narratives about social justice. The Guardian says she’s “a one-woman definition of a genre that sometimes feels like a catch-all for guitar-based music that isn’t pop or rock.” Fair warning: Giddens’ version of St. James Infirmary will flatten you. More info and tickets here!



New Year's Eve Celebration & Fireworks
December 31 • Canyons Village at Park City Resort

 

The New Year's Eve Celebration at Canyons Village is fun for the entire family! Family-friendly activities include live entertainment, music and a massive fireworks display. For more info click here.

Roaring Twenties New Year's Eve Party
December 31 • Grand Summit Hotel at The Canyons


Ring in the New Year at the Grand Summit Hotel, a Rock Resort, with a delicious dinner and live entertainment. The dance floor stays open until 1:00am, giving you the whole night to keep the party rolling! $169 for Adults; $99 for Children 12 and Under. For more here.

New Year's Eve Celebration with Badfeather
December 31  |  O.P. Rockwell  |  268 Main St

The Salt Lake City's five-piece genre-bending outfit Badfeather blends good ol’ classic rock with subtle soul vibes, jam-band jive, a pinch of country-folk boogie, and a glimmer of post-disco funk. Their high-energy, bootie-shaking live performances and tightly crafted tunes are powered by lead singer Rick Gerber's energetic vocals and exuberant stage presence. Toss in some tasty guitar solos, funky keyboard lines, and driving rhythms, and even the poutiest audience member won’t be able stop dancing.  More info click here!

Many of our restaurants here in Park City will feature some outstanding specialized menus for New Year's Eve. Check out some of the following options, but don't wait too long as reservations for many of these will fill up fast!

Apex at Montage Deer Valley: 
Black-tie soiree, $350/personFor New Year’s Eve, join Montage for a delightful soiree. Black-tie attire is recommended. Enjoy an hour-long cocktail reception with butler-passed hors d’oeuvres, followed by an expertly crafted multi-course dinner complete with wine pairings. After dinner, dance the night away and ring in the New Year. Note: Non-alcoholic pairings are also available.

Firewood: 5-course prix fixe, $150/person
This destination for locally sourced seasonal food, cooked by wood-fire, is serving a sumptuous five-course prix fixe dinner for New Year’s. The meal includes a champagne cocktail, plus live music by Robyn Cage. Four seatings are available: 5:30, 6:00, 8:30 and 9:00 p.m. For more info click here.


Goldener Hirsch: 4-course prix fixe, $169/person
Start with a choice of risotto with peekytoe crab, sun chokes and lemon; foie gras torchon with poached pear, walnut bread and solara elixir; or pecorino gregoriano with cauliflower, black currants and hazelnuts. Then enjoy either porcini mushroom soup or a salad of baby lettuces, before an entrée of wagyu beef, Maine lobster or classic wiener schnitzel. For dessert, dig into a delectable apple strudel or black raspberry panna cotta. For more info click here.


Grub Steak: 3-course prix fixe, $79.75 per guest 
For New Year’s Eve, choose between the Caesar, wild rice and mushroom soup, or salad bar, followed by surf-and-turf of beef tenderloin wrapped in Applewood smoked bacon, served with roasted shallots and a Maine lobster tail. Dessert is a classic: chocolate lava cake with Haagen Dazs vanilla ice cream and fresh berries. For more info click here.


The Mariposa at Deer Valley Resort: 7-course prix fixe, $150/person and $65 optional wine pairing
This premier fine-dining destination at Deer Valley Resort is serving a delectable seven-course prix fixe for New Year’s Eve. The evening starts with a selection of osetra caviar with charred shallot crème fraiche, buckwhete blini and Champagne espuma, followed by courses of Kusshi oysters, cold smoked Hamachi and kale and collards. Then enjoy charred Niman Ranch pork tenderloin, followed by wild Hawaiian venison rack, and a dessert of “crème de la crème” featuring house-made cream cheese cheesecake, caramelized whey and a hazelnut toffee crust. For more info click here.


 


Wednesday, December 20, 2017

Park City- things to do

PARK CITY CHILDREN'S CHOIR PERFORMANCE:
On Tuesday, December 19 at 11:30 am at Summit County Library, the Park City Children's Choir featuring 4th and 5th grade students from Park City Schools will present their holiday performance. Light refreshments will be served. For all ages.

DOLLY'S BOOK STORE BOOK SIGNING:
GILBERT THE PARK CITY MOOSE
Please join us as we host local author Heidi Pieros, who will be signing copies of her two books featuring Gilbert the Park City Moose, including the newest title Gilbert Learns to How to Ski.

THE GOLDEN ELIXIR OF THE WEST
Please join us as we welcome Jane Perkins, co-founder of High West Distillery, who will be discussing and signing copies of her book The Golden Elixir of the West, the history of whiskey and it's importance in the culture of the West.

PARK CITY SNOWFEST
CARICATURE ARTIST

Flaunt your striking characteristics while sketched by this talented illustrator.  2:30-4:30.

HIRED GUNS
Our favorite cowboys will entertain you with rope tricks, quick draw demonstrations, and lots of audience participation. Come and enjoy with lots of audience participation and a surprise or two!  2:30-4:30.

APRES LIVE MUSIC
Dr. Bob has been a staple in the Park City music scene. Led by singer and songwriter Jeffery Howrey, the band has entertained its fans with its original blues-based hard rock for 35 years. Dr. Bob has played hundreds of gigs throughout the West, including multiple appearances at the Utah Arts Festival and the Park City Arts Festival. Dr. Bob has opened concerts for such national acts as the Ramones, Huey Lewis and the News. Dr. Bob has released seven CDs of original music, including the recent album "Back from the Grave."  2:30-4:30.


PARK CITY LIBRARY
PAWS TO READ

We invite young readers-in-training (ages 5-12) to improve their reading skills by reading to a therapy dog. Each 15-minutes session will include a child, parent or guardian, a dog handler and a licensed therapy dog. First come, first serve.





Tuesday, December 12, 2017

Effective communication is the cornerstone of building trust in relationships.

Effective communication is the cornerstone of building trust in relationships. It helps set expectations correctly, improves teamwork and, most importantly, builds trust. That is why I am so pleased to let you know that the expectations you have about how I communicate are about to be exceeded in a new, exciting way.

We know how important it is for our customers to feel as though their Realtor is working hard to ensure that their best interest is at heart. In the coming weeks, when you entrust a loan to me at Fairway, I am going to show you a new way of communicating through informative emails that are meant to keep you, my team, and your family on the same page throughout their loan process.

My emails will educate my buyers on potential pitfalls such as opening new lines of credit, provide reminders about setting up their homeowners insurance, explain the importance of appraisals and home inspections, and much more. These emails are designed to keep my clients on track as they buy their home, but they will also serve to keep us all organized and on the same page when it comes to where we are in process.

From the moment an offer begins, you can rely on me to answer all your questions before they may even be ask. I will inspire confidence not only in me, but also in your recommendation of my commitment to them. It's just another reason why you will be proud to say we are strong partners in business.

I am confident that I am going to spoil you from using any other REALTOR.


Higman Real Estate Team
Paula HigmanLead Agent
Mobile: 1-435-602-8228
FAX: 1-435-214-7091
Member of the Park City Board of REALTOR®
Member of the National Board of REALTOR®
ENGEL VÖLKERS 

Thursday, November 30, 2017

Buying a Utah Home “As-Is”

Buying a Utah Home “As-Is”

A lot of people get nervous when they see a Utah Home marketed “as-is”.  However, the Utah Real Estate Contract, the contract we use to buy and sell real estate in Utah says the home is being purchased “as-is”.

Section 10.2 of the Utah Real Estate Contract says “Buyer acknowledges and agrees that in reference to the physical condition of the Property: (a) Buyer is purchasing the Property in its “As-Is” condition without expressed or implied warranties of any kind”.

The weight of the purchase is placed on the Utah Home Buyer doing their Due Diligence before they purchase the property.  This is why it is important to have the home inspected by a trusted person.  Fact is, there is no “perfect home”, but major issues can be avoided by doing a good inspection.

It may also be a good idea to have a Home Warranty purchased for the house.  This could be negotiated so as the seller would pay for it.  However, home warranties are insurance products and have limits and excluded coverage.  But if the dishwasher broke, most would come and fix or replace it.  It is a nice peace of mind to have and they last for a year, but they do not cover everything.

Searching for Utah homes is fun and finding something you really like is exciting, but make sure the house checks out.  Major issues could mean major fixes and cost.  There will always be maintenance to keep up a home and little things always happens.  Just check the major issues are sound and that it is a good home.




Higman Real Estate Team
Paula HigmanLead Agent
Mobile: 1-435-602-8228
FAX: 1-435-214-7091
paula@higmanluxuryrealestate.com
HigmanRealEstateTeam.com
"See what my clients are saying about me online"
Blog
Member of the Park City Board of REALTOR®
Member of the National Board of REALTOR®

ENGEL VÖLKERS 

Monday, November 20, 2017

Real Estate Terminology


Appraisal: An estimation of a home’s market value by a licensed appraiser based on comparable recent sales of nearby homes.

Backup offer: An offer on a home under contract that becomes active if the primary contract falls through.
Contingent offer: An offer that is accepted by the seller, but certain conditions must be met before the sale is final.

Down payment: The percentage of the home purchased price (usually between 5% and 20%) paid upfront in cash.
Escrow: A neutral third party that holds funds from the buyer and distributes them when all conditions have been met.

Federal Housing Administration (FHA): The government agency that insures loans designed for low- to moderate-income borrowers.

Good Faith Estimate (GFE): A form used by lenders to give to borrowers with an estimate of fees due at closing. This form was replaced by the Loan Estimate in 2015.

Homeowners Association: A management organization within a community, subdivision or neighborhood that creates and enforces rules for properties within its jurisdiction.

Inspection: An examination of a property and its systems performed by a qualified professional, usually before the sale of a home.

Jumbo mortgage: A mortgage that exceeds the conforming-loan limit, commonly used for luxury home purchases.

Key rate: An interest rate set by the federal government that determines the cost to borrow money—in this case, a mortgage to buy a new home.
Loan-to-value (LTV): The risk assessment ratio used by lenders. To calculate the LTV, divide the mortgage by the appraised value.

Multiple Listing Service (MLS): A database for real estate agents to list and market for-sale homes.

Net proceed: The amount received by the seller at closing after all other costs have been deducted.

Open house: An event hosted by a listing agent to showcase a home to potential buyers.

Pre-approval letter: A letter indicating that a lender is willing to loan a specific amount of money for a home purchase; pre-approval does not guarantee a loan.

Quitclaim deed: A deed that transfers property rights without any validation of ownership; typically used between spouses and family members.

Real estate owned (REO) property: A repossessed property owned by a lender after an unsuccessful sale at auction.

Seller disclosure: A document completed by the seller disclosing the property’s history and defects.

Title: The right to ownership of real property recognized and protected by the law.

Under contract: A buyer has submitted an offer and the seller has accepted, but the closing is not final.

VA loan: A mortgage loan for veterans and their spouses, made by private lenders and guaranteed by the U. S. Government.

Walkthrough: The final inspection conducted before a home sale is final.
X marks the spot: Where you sign for your dream home!
Yield-spread premium (YSP): The amount a lender pays a mortgage officer for selling a loan with a higher interest rate than the par rate.
Zero lot lines: A residence build very close to—or directly on—the property line.



Wednesday, November 15, 2017

Mayflower Parcel Closes - Deer Valley Expansion Imminent

The Extell Development Company out of New York City has closed on the 23-hundred acre mountain parcel of Mayflower – paving the way for an expansion of the Deer Valley Resort.

Mayflower Development Company is exercising the development potential for the Mayflower Village & Resort at Deer Valley near Park City, Utah. The Mayflower Village & Resort's 2,200 acres is under consideration to be a part of the One Wasatch ski area, which connects the seven central Wasatch ski areas using chairlifts and a network of ski runs. One Wasatch would create North America's largest ski circuit, offering over 18,000 acres of terrain and over 100 lifts all on one lift ticket.

The Mayflower property supports a substantial new four-season village including condominiums, single-family lots, hotels, and commercial/retail lots. Mayflower Village & Resort at Deer Valley will include five lifts adding over 23 new runs to Deer Valley's skiing operation and creating four distinct ski-in and ski-out residential subdivisions.

The area was recently featured in USATODAY's story Bigger and better: Park City expands into USA's largest ski resort. Larry Olmsted wrote in the piece, "Now Park City is enjoying yet another renaissance, one that may well make it the top ski destination in the country."

The primary components of the Mayflower Village & Resort development will be completed over three phases over 25 years with parcels for vertical developers, pads for homebuilders, and finished single-family lots. The Mayflower property is located at the off-ramp of four-lane divided highway U.S. 40, providing a 35 minute, unobstructed freeway access to the resort from Salt Lake City International Airport.

This project is centered on the creation of a 2,350 unit high-end ski-in/ski-out village that will be integrated into the Mayflower Resort so that the guest experience at the village will be seamless with the resort.

In addition to a premier skiing experience, Deer Valley has established itself as a community providing a quality lifestyle for year-round residents. The Deer Valley Music Festival and summer concert series hosted on the mountain at the Snow Park Amphitheater draws and hosts some of the biggest names in music such as Bob Dylan, Jewel, and Willy Nelson.

Friday, November 10, 2017

Join your fellow Summit County community members in supporting Live PC Give PC on Friday, November 10! It’s a powerful 24-hour day of giving and an extraordinary opportunity to support the local nonprofit organizations that help to make Park City a special place to live and work. Every donation made – big or small – gives your favorite organizations the chance to win in more ways than one, from generating awareness to securing matching grants and additional contributions. Together, we can make a real impact. Sponsor, donate, support, and spread awareness! Learn more at LivePCGivePC.org.

Thursday, November 9, 2017

Bitcoin as a consideration for buying Real Estate

Bitcoin is already in retail and restaurants — so it was only a matter of time before the cryptocurrency took on real estate. That time is now. Bitcoin is slowly making its way into closings on everything from Lake Tahoe land in California to Manhattan condos to single-family homes in the heart of Sundance, Utah.

One of our sellers and now buyer have evolved, they have moved from mom and pops to young people who want to pay with  Cryptocurrency this is something that has been asked of us at Engel & Völkers —

Can you take cryptocurrency? 

Can we pay that way?

and of course when someone wants to pay me with a different form of payment, I am going to try to work with them and give them what they want, especially in this very busy real estate market.

.

Pillows


How configuring pillows on a bed can change the look of the center piece of your bedroom...






Wednesday, November 8, 2017

Lunch and Learn

"Passports" is a Ski Utah program that provides free skiing and snowboarding to fifth and sixth grade students. The Passport affords participants the opportunity to experience each one of Utah's uniquely different resorts.
Fifth graders (10 & 11 years old) are at a crucial age in their development where they are choosing (or not choosing) healthy lifestyle activities over more sedentary activities. Choosing activities that help children keep active in the winter is a high priority to Ski Utah and its members. We believe that a healthy child is a happy child and happy, active children grow up to be happy, active adults. This benefits everyone.
Utah fifth graders may have been introduced to skiing or snowboarding through Ski Utah's fourth grade learn to ski and ride program and are ready to participate on a more frequent basis. Fifth graders are also physically strong enough to participate in skiing and snowboarding at new levels making the sports an easy choice for lifetime participation.
Sixth graders (11 & 12 years old) are able to experience each of Utah's resorts one time to continue honing their skills and help them make future decisions on where to purchase season passes.
Lunchtime Learning
It is estimated that 1 in 5 people are dyslexic, with dyslexia being the number 1 reason people struggle to read, write and spell.  Studies show that up to 85% of teens in trouble have literacy problems.
Join the PC MARC each month for discussion on a topic related to you and your families health and wellness. Lunchtime learning lectures are FREE, and offered the second Wednesday of each month. November month's is Dyslexia.

COMPUTER CLUB
Keep Calm and Embrace Technology!  Ongoing classes for beginning computer users, learn how to use a computer intuitively, from the ground up. We teach you all of the little tips and tricks that make learning any program easy.
MUSIC & MOVEMENT
Music and Movement is a lively and noisy hour aimed at toddlers, preschoolers, and their caregivers to explore a variety of musical instruments, dances, songs, and fantastic books. This program is designed to engage children and get them excited about music, improve their fine and gross motor skills through movement, and spark their creativity; while supporting their early literacy development. 
CRAFTERNOONS
An afternoon solely devoted to the joys of crafting. Make, then take, your artsy and fun project every week! 
BABY & ME
Delight and stimulate your baby's senses with short books, music, and more! Join us weekly for our interactive baby lap sit, which is designed for children from birth to 18 months to encourage early literacy development. Older siblings and children are always welcome.

Q2 Market Report 2021

  Similar to the way we treat our real estate services, at Paula Higman Real Estate we look at reporting differently. Our Market Report is c...