Verify Before You Wire!

Wiring funds before closing is very important.  If funds are not wired on time, it could delay your closing and possibly create a breach of contract situation.  Below you will find the common items to wire money.  Please remember that every situation and financial institution could have a different set of rules so it is best to ask twice and wire once. 

Visit your bank or credit union and provide the following information.

  • Your name and address
  • Your account number
  • Valid Identification
  • Contact information for the institution of where you are sending the funds (you may be asked for a SWIFT code)
  • Routing number and account number for who will be receiving the funds
  • Often financial institutions will ask the…

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What does Vail Coming to Park City do for Real Estate Values?

Original Writeup - December 11th, 2014: We have known that Vail would be heavily investing in The Canyons and Park City Mountain Resort for quite some time and we have seen condo and single-family homeowners hold firm on their asking price over the past twelve to eighteen months.  There have been stories that after the news of Vail’s $50 million investment owners increased their asking prices by 10% but that is not the norm in Park City.  Many property owners in Park City see this as a great opportunity for real estate appreciation but are worried about losing the small-town feel of Park City.  Park City has seen change and development growth over the past thirty, forty, and even fifty…

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Park City - Vail Resorts Inc. has proposed a plan to create the largest ski resort in North America by linking Park City Mountain Resort with The Canyons ski resort.  The new resort will go by the name Park City Mountain Resort and the planned upgrades will include an eight passenger high speed gondola that connects from the base of Silverload Lift at the Park City Mountain Resort to The Canyons Flatiron lift.  The plan for the King Con chairlift is to increase the capacity to a 6-person high speed lift which will provide for the ability to handle higher capacity and keep the lift line wait times reasonable.  The $50 million will also be used to  build a new Snow Hut Restaurant and upgrades to the Summit House Restaurant.  We are told that there will be a…

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How to Value Investment Properties in Park City & Deer Valley

This article provides five different ways to value investment properties in the Park City and Deer Valley area.  If you would like to learn more about the top investment properties in Park City, Utah please review our Guide to Investing in Park City & Deer Valley Real Estate. 

1) Income Value from Rents

In six easy steps, I'll show you how to calculate the value of a Park City rental property. 

  1. Determine your required rate of return / what percentage you want to make
  2. .Calculate the net income of the property.
  3. Calculate the expenses of the property. *Note: Since a buyer may require a mortgage and interest rates fluctuate every day the cap rate does not account for mortgage…

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