July 2016 Newsletter - Park City Local's Edition
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In This Issue

  • Neighborhood Spotlight
  • Preparing for the Sale
  • Park City School District 
  • GuestWriter: Chris Cherniak
  • Home Warranty

Word On The Street

What our clients say: 
Our Endorsements

Our Referral Promise

Our Non-Profit Alliance

Keep Up With Us

Hello Friends! 

This is the 2nd issue of our locals' edition newsletter, compiled specifically for local friends, clients & colleagues, and focused on what's newsworthy for local homeowners. If you have a topic idea let us know.  Clients, you will continue to receive our VIP Newsletter. 

See you 'round the Park!                    

Tom and Layla
Tom with Team Park City client and colleague, Dani Loehr, of Real Advantage Title, with her family.  Dani is a valued client and our preferred title officer! 

Neighborhood Spotlight: Prospector Park

Prospector's Annual Neighborhood Lobstah Party
We moved here from Park Meadows 14 years ago.  Prospector Park is not only a great in-town location but this neighborhood is known for its traditional home styles and strong community feel. Prospector Park is distinct from Prospector Village to the west. Both neighborhoods are referred to affectionately as "The Hood", but whereas the former is only single family homes, the latter has duplexes and nightly rentals allowed.

Turnover is low here. Most homes fall between $700K - $1M, with values continuing to see modest increases. Backing up to the rail trail is a nice feature for a certain number of Parkites, 29 homes to be exact. 

Nearby subdivisions across the rail trail, Chatham Crossing, Chatham Hills and Canyon Crossing, are becoming increasingly popular with year-round residents.  Many are starting to identify this area as having been a “Sleeper” – a very nice, quiet and desirable in-town location that has been previously under valued. It will be interesting to see how this impacts Prospector values.

Preparing for the Sale: Never Too Early

If you are thinking of selling a home, either in the near-term or in a few years, you will want to solicit professional advice on how to best prepare.

Home staging is of course the act of preparing a private residence for sale to appeal to prospective buyers.  A good agent can walk into a home and point to things (both large and small) that will make the property more universally appealing.  In addition, home staging professionals have defined guidelines, which when followed, allow buyers to focus on the space, rather than get distracted by the personal taste and design sensibilities of the current owner. 
full article here... 

PCSD - Inside Scoop Anyone?

The Park City School District's failure to pass its $56 million bond last Fall was big news. What's next? The school district still faces the strain of rising enrollment and the challenge of meeting the needs of its students. And opponents, namely the anti-bond group Citizens for Better Education (CBED) are still pushing for the School Board to listen to the voters and gather wide-ranging input before moving forward with other proposals.  
Our sources tell us there are indications that action is being taken to prepare to expand the high school, tear down Treasure Mountain Junior High, and replace it with a school district owned field house.  What will the impact of this scenario be? And, if there is to be further expansion at Ecker Hill in order to offset the loss of Treasure Mountain, what of the impact to those neighborhoods?  We will be following this story. 

Summer Savings by Chris Cherniak

Summit County is 18 months into the 24 month Georgetown University Energy competition. We've changed our light bulbs, installed smart thermostats, weatherized our homes and paid closer attention to our snow melt systems.

As a result, the dials spinning on our electric and natural gas meters have slowed enough that we currently stand in fourth place among the 50 communities participating in this $5 million contest! 

Yet, there is a third meter we can impact, one we don't typically associate with energy use. read full article here... 

What's New and Fun to Do?

Summit Community Gardens creates opportunities for the community to gather, learn and grow with events that bring the community together, classes on garden education & places where people can grow their own food. Adults and children can learn how to garden in our high desert climate & meet up with great people at the same time.  

The Broker's Notebook

Home Warranty Benefits Sellers

When buying a home other than new construction, buyers generally ask for the seller to provide a one year home warranty.  Even the real estate purchase contract has a section on it that can be checked: “home warranty will be provided”  what the warranty covers depends on the policy, but it typically covers big ticket items like the furnace, hot water heat, as well as electrical or plumbing issues. 

In many cases we recommend the seller offer a home warranty up front when listing their home. It’s perceived as added value for the buyer, but the fact is the policy also provides coverage to you while your home is on the market. Over the years we’ve certainly had a number of clients need to take advantage of home warranty coverage, including some sellers.  Just something to keep in mind and discuss with your Realtor prior to selling. 
"We have been involved in the purchase and selling of real estate over the past 25 years. Our experiences never included the willingness of an agent to aid his client to the degree that Tom demonstrated for us!" 

Thomas and Kathleen Phillips 


Many thanks to our local clients, colleagues, friends and family, who recommend us to friends and family. Your referral business is important, and we appreciate you thinking of us! And to all of you - simply because you make living here such a pleasure!
Keep up the good works!

     Ask us about our non-profit alliance or visit     our website to learn more. 
                                                        We would love to apply for the job!




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