CALL OR TEXT ME TODAY (435) 602-8228
Paula Higman Real Estate - Coldwell Banker Park City
FOLLOW YOUR DREAM, HOME
Park City, Utah is nestled in the Wasatch Mountains, this community offers all the benefits of resort living, with conveniences and opportunities of a metropolitain city. The town sits at 7,000 feet above sea level and is a short 30 minute drive to Salt Lake City International Airport, allowing us to remain one of the only resort destinations worldwide that can provide such advantages.
Showing posts with label Park City Utah. Show all posts
Showing posts with label Park City Utah. Show all posts
Thursday, January 26, 2023
Tuesday, December 6, 2022
What is a 72-hour clause?
What is a 72-hour clause?
Unless you’re well-versed in legalese, you may have a hard time wading through all the technical jargon and industry lingo that are typically included in a real estate contract. One phrase you may have come across in your reading is “72-hour clause.” Perhaps you’ve seen variations of this, such as escape clause, hedge clause, kick-out clause, release clause or right of first refusal clause. Enough with the clauses already, you say. But these clauses may be the only things that stand between you and disaster! Okay, that may be overstating. Let’s start with what a 72-hour clause is not. Some people mistakenly believe that the 72-hour clause is a buyer’s remorse protection, as in you buy a house and you have 72 hours in which to change your mind and give the house back. That’s not what it is. Let us explain. A 72-hour clause works like this: it is put in a contract to give a house seller the opportunity to accept a contingency offer while still marketing the house to other potential buyers. Let’s say that in order to buy a new house, you must sell your current residence first (most people are like that, so don’t feel bad). So you put down an offer on a house contingent on the sale of your current house. Easy enough. But then let’s say another buyer comes along, one who can buy the house outright without waiting for another house to sell. That buyer puts an offer on the house you’ve already put an offer on. Here comes the 72-hour part: now you have exactly 72 hours, or three days, to either sell your house and close on it or come up with a bridge loan or win Powerball to get that house. Another common scenario goes like this: a buyer puts down an offer on a house for $250,000. Three days later, another buyer comes along who finds out the seller has been offered $250,000. This second buyer really loves this house. He offers $300,000 for the house. Is the seller stuck with the lower price? Not if a 72-hour clause has been written into the contract. If the clause is there, the original buyer now has 72 hours to make a better offer than the $300,000 that the second buyer offered. But wait…there’s still more confusing stuff to add to the mix. The 72-hour clause does not have to be a 72-hour clause. In other words, you can specify that the 72-hour clause give the contingent buyer five days or five weeks to fulfill the contingency. Or the 72-hour clause can be 72 hours of working days and not include weekend days or holidays. Who does this clause protect? The seller. If the seller is forced to take the house off the market in the dim hope that your house will sell, they’re closing the door on buyers who potentially could buy the house today—not at some unspecified time in the future. As an added bonus, the buyer, knowing that her dream house is within her grasp but still on the market, has added incentive to stage the house, work on curb appeal and make sure that the marketing is the best it can be. Here’s a sample 72-hour clause courtesy of Bankapedia: The Seller shall have the right to keep marketing the property, and to receive alternative offers to purchase the property. Should the Seller receive a bona fide offer to purchase the property from a third party, at any stage prior to the fulfillment of the suspensive conditions contained herein, which the seller considers more favorable than this offer to purchase, the Seller shall be entitled to accept such offer to purchase. If the Seller accepts an alternative offer, the Seller shall notify the Buyer that the Release Clause has started to function immediately. The Buyer shall then have 24 hours to fulfill all suspensive conditions contained in this offer to purchase. The Buyer has to commit within this time frame, to taking transfer of the property, free from said conditions. Failing compliance within 24 hours, this agreement of sale shall lapse and become null and void, and neither party shall have any claim against the other whatsoever.
Call or text me today for more information: 435-602-8228
Paula Higman Real Estate - Coldwell Banker Park City
https://paulahigmanrealestate.com
FOLLOW YOUR DREAM, HOME.
Tuesday, November 1, 2022
Easy Living Homes.
Easy Living Homes
If you have family members or friends with physical limitations, you may have areas of your home that they’re unable to visit. This is especially problematic if you yourself become disabled or have a disabled person move in with you. How do you accommodate these needs? By building an EasyLiving Home, of course.
According to the EasyLiving Home website, the EasyLiving Home program is “the nation's first voluntary certification program that specifies criteria in everyday construction to add convenience in your new home and to welcome all friends, family and visitors regardless of age, size or physical ability.”
The EasyLiving Home program was developed by a coalition of public and private organizations to encourage the voluntary inclusion of key features that make a home cost-effective, accessible, and convenient for everyone without sacrificing style or adding substantial construction costs. EasyLiving Home certification enhances both the initial and resale value of a home and can be achieved for practically any home regardless of price, building site or architecture.
EasyLiving Home features:
- Step-free entrances provide easy access and are never more than 1/2" from a driveway, sidewalk, or another firm route into the central living area.
- Exterior doors provide and interior passages provide easy passage because all doors and hallways on the main level (including bathrooms) offer ample clear passage space.
- Easy use with no less than one bedroom, a kitchen, some entertainment area, and at least one full bathroom with sufficient maneuvering space all on the main floor.
The EasyLiving Home program certifies that homes meet the program requirements through a non-profit coalition of organizations committed to making homes more accessible, including AARP and several access advocacy groups.
While EasyLiving Homes offer a substantial number of special features, virtually any home buyer can afford one because these certified homes are available at all price levels from the most modest starter home to country club estates. The EasyLiving Home program shows builders how to make their homes more convenient by making small improvements that add little or nothing to the cost of new construction but would be very costly to retrofit later.
EasyLiving Homes is all about convenience. By grouping all the most essential living areas on a single floor with ample-sized doors and a step-free entry, the EasyLiving Home allows easy access for bulky furniture and getting around whether you’re on foot or in a wheelchair.
“While you may be in perfect health now,” the website states, “the day may come when you or a family member experience health problems that could cause limited access to be a real problem. Elderly relatives will appreciate the easy access and extra entry width when they visit you in your new EasyLiving Home. And in an aging society, an EasyLiving Home will have a higher resale value when it's time to sell.”
Visit http://www.easylivinghome.org/ for more information.
Paula Higman Real Estate -
Coldwell Banker Global Luxury - Park City
Tuesday, August 9, 2022
OPPORTUNITY KNOCKS
Regardless of price point, our team is united in their efforts to support the client, support each other, and get the job done in the best way possible. Paula Higman Real Estate is a unique team of talented and diverse individuals with a passion for success and client satisfaction.
Contact Paula Higman Real Estate today and let us take this journey with you to marketing and selling your home for the best value, to the biggest luxury real estate market out there.
Ensure that you have the best representation when buying and/or selling Contact Paula Higman Real Estate Park City at 435-602-8228
Connect With Us:
Monday, July 11, 2022
Luxury is Timeless
When a real estate company has been known and trusted for 115 years, it's because extraordinary service and success never go out of style.
- Our rich company history includes more than a century of trust, experience, and proven results.
- Luxury Property Specialists undergo a rigorous education in effectively marketing high-end properties.
- Our expertise is backed by a proven track record of $1 million+ property sales and a commitment to protecting your interests.
Give your home representation you can count on.
Contact me today. +1 (435) 602-8228
Regardless of price point, our team is united in their efforts to support the client, support each other, and get the job done in the best way possible. Paula Higman Real Estate is a unique team of talented and diverse individuals with a passion for success and client satisfaction.
Contact Paula Higman today and let us take this journey with you to marketing and selling your home for the best value, to the biggest luxury real estate market out there.
Ensure that you have the best representation when buying and/or selling
Contact Paula Higman Real Estate Park City at 435-602-8228
Connect With Us:
Tuesday, June 7, 2022
LET'S TALK...
Paula Higman Real Estate - Coldwell Banker Park City
FOLLOW YOUR DREAM, HOME.
Regardless of price point, our team is united in their efforts to support the client, support each other, and get the job done in the best way possible. Paula Higman Real Estate is a unique team of talented and diverse individuals with a passion for success and client satisfaction.
Contact Paula Higman Real Estate today and let us take this journey with you to marketing and selling your home for the best value, to the biggest luxury real estate market out there.
Ensure that you have the best representation when buying and/or selling Contact Paula Higman Real Estate Park City at 435-602-8228
Connect With Us:
Tuesday, May 24, 2022
UPDATED HOME VALUE
A few of months ago you inquired online as to the value of your home. I sent you a market value report for the property, but I have not gotten any feedback from you on it. Since so much time has passed, it’s very likely your valuation has changed. I’m happy to put together a new valuation based on today’s current market if that would be helpful. Just let me know. Thanks!
Regardless of price point, our team is united in their efforts to support the client, support each other, and get the job done in the best way possible. Paula Higman Real Estate is a unique team of talented and diverse individuals with a passion for success and client satisfaction.
Contact Paula Higman Real Estate today and let us take this journey with you to marketing and selling your home for the best value, to the biggest luxury real estate market out there.
Ensure that you have the best representation when buying and/or selling
Contact
Paula Higman Real Estate Park City at 435-602-8228
Connect With Us:
Tuesday, April 26, 2022
LUXURY IS EXCLUSIVE
When a marketing program has been designed exclusively for high-end properties and an affluent clientele, the results are extraordinary. Just another reason to list your largest asset with me!
- Strategic affiliations and an extensive global network give your property the widest possible exposure.
- Exclusive marketing tools and proprietary publications provide unmatched opportunities to showcase your home directly to an ultra-affluent audience worldwide.
- Luxury Property Specialists are backed by stringent certification criteria and extensive market expertise to ensure knowledgeable service.
Give your home expert marketing unlike any other, Because you deserve the best.
Contact me today. +1 (435) 602-8228
Regardless of price point, our team is united in their efforts to support the client, support each other, and get the job done in the best way possible. Paula Higman Real Estate is a unique team of talented and diverse individuals with a passion for success and client satisfaction.
Contact Paula Higman Real Estate today and let us take this journey with you to marketing and selling your home for the best value, to the biggest luxury real estate market out there.
Ensure that you have the best representation when buying and/or selling in Park City.
Contact Paula Higman Real Estate Park City at 435-602-8228
Connect With Us:
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