Who called me from 833-Ski-Home-or-Call-833-754-4663?

Who called me?I have added a toll-free phone number so you can contact me easily from the main page of www.RealEstateInParkCity.com. If you are interested in buying or selling real estate in Park City you can reach Derrik Carlson at 833-Ski-Home. It's as easy as dialing (833) 754-4663 on your phone or clicking the image above if you've already clicked read full post on the blog. As always, you can also reach me, Derrik Carlson, on my cell phone at 435-200-LIST | (435) 200-5478. 

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In the past week, I have overheard three different discussions about capital gains when someone is selling their Park City home. Capital gains on the sale of a primary residence is often misunderstood and because I'm not a CPA, tax advisor, etc I must say it's best to consult a licensed professional regarding any proceeds when selling a property. 

Here's what the IRS has to say about the sale of your home: "If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income. You may qualify to exclude up to $500,000 of that gain if you file a joint return with your spouse. Publication 523, Selling Your Home, provides rules and worksheets. Topic 409 covers general capital gain and loss…

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Midway Utah Homes for Sale 

Midway Single Family Homes in the Past 365 Days | Market Update

- 233 total single family homes for sale
- 45 Midway homes currently for sale
- 110 Midway homes have sold in the past year
- 40 homes did not sell
- 7 homes are currently in escrow
- 31 were taken off the market before they sold or expired
- Average Midway Home Price is $538,370
- The median home price is $447,000
- It took an average of 85 days for the home to sell
- Four homes over $1,000,000 sold
- No homes sold in the $900,000-$1 Million sold
- Ten homes sold in $800,000's
- Four homes sold in the $700,000's
- Eleven homes sold in the $600,000's
- Twenty-three homes sold in the $500,000's
- Twenty-nine homes sold in the $400,000's
- Eighteen homes sold in the $300,000's
- Six homes sold in the…

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Who Buys Real Estate in Park City, Utah

Below you will find the ranking, location, number of owners, and percentage of homes owned are from that purchase a property in Park City, Utah.  The numbers below come from local statistics delivered by county title records.

The percent of ownership appears to be what I would expect except for Florida being at number three and Hawaii being in the top ten. There is often talk about how important marketing globally is for Park City real estate sales but our international sales only account for 1.02% of the market and Mexico is 40% of the international market share. The fact that Mexico owners are 40% of the international owners in Park City is surprising to me because in the past year I've worked with more…

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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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