Archive for March, 2010
Lookout Deer Valley Home Auction
March 26th, 2010 Categories: Auctions, Deer Valley®, Foreclosures, Real Estate
Let’s be clear…
The Silver Strike Auction and post-auction Deer Valley Condo Fire-Sale in Empire Pass revived the ski-in/ski-out Deer Valley condo market like a turbo-charged defibrillator!
Smart developers jumped on the bandwagon…
…And reacted decisively to the auction-level pricing, including Flagstaff and Lookout at Deer Valley.
Lookout at Deer Valley Home Auction This Weekend
Do you remember the last time you could find new-construction in Deer Valley for under $300 per square foot?
It’s been about 20 years…but now you can grab one of these gorgeous homes at a shocking low prices:
Lookout Deer Valley Auction Process: Quick & Easy
Buying a Deer Valley home doesn’t get any easier than this…
There’s no need to invest the time and hassle to fly to Deer Valley and get caught in auction hype!
Simply submit your bid via email or in person.
It’s a no-risk, sealed-bid, “best & final” offer opportunity for you to purchase a premier Deer Valley home at a price that YOU determine, not the seller.
Deer Valley Home Auction Minimum Bids
No bids below the minimum bid will be considered, and homes will be offered without furniture. Furniture packages are available for your convenience after the auction.
Want to Bid on Lookout Deer Valley Auction Homes?
Please complete the form below, and we’ll immediately send you an official bid form, along with a broker referral form.
Lookout at Deer Valley Home Auction: No Risk Bidding
You don’t even need to submit an earnest money deposit to submit a bid!
Lookout Deer Valley Auction Process
If your bid is the winning bid, we’ll complete a purchase contract within 48 hours of your bid’s acceptance, and you’ll wire a 5% earnest money deposit.
You’ll close on the acquisition of your new Deer Valley home within 30 days, if you bid on one of the 5 completed homes.
Custom Deer Valley Homes At Auction Prices?
Two of the homes (#29 and #30) are completed exterior home shells, awaiting your vision!
You get to choose the cabinets, floors, paint colors, etc. Note: these properties have some of the best and most-unobstructed mountain and forest views in the entire 44 acre neighborhood!
And you won’t need to pay the entire purchase price until construction of the home is complete!
Lookout Auction Time-line
The developer’s plan is to have sold all 7 of the homes by Sunday night, March 28th. Yes…just 72 hrs from now.
We visited the properties earlier today, and they have already received bids on many of the homes.
Sorry, this isn’t one of those opportunities you can sit back and chew on for months before you make a decision. But don’t worry, we will make the process easy for you every step of the way!
Please complete the above form, and we’ll expedite your bid process.
Lookout Deer Valley Auction Seller Disclosures Available NOW
We can send you an online link to all of the Seller Disclosure documents, so it’s not impossible for you to make an informed decision, even with so little time for research.
Contact Us About the Lookout Deer Valley Home Auction
If you want to speak with us immediately, please call 435-640-1854 and we’ll answer all of your questions.
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Park City Real Estate Market Update
March 25th, 2010 Categories: Foreclosures, Park City, Real Estate
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Park City Utah Foreclosures Revitalize Local Market?
March 8th, 2010 Categories: Foreclosures, Real Estate, Statistics & Trends, Utah Facts and Fiction
In some ways, foreclosures are a good thing.
Not for the families who lost their properties, but for the overall health of the real estate market.
In a luxury resort marketplace where sellers traditionally have significant staying power and a lack of urgency to drop asking prices, realistic sellers are now dropping prices to compete with banks who control an increasing percentage (though still very small relative to the overall size of the market) of the listing inventory.
Park City, Utah Foreclosures
Foreclosures and short-sales are on the rise in Summit County, Utah.
Take a look at the chart…compliments of Rick Klein at Mountain Summit Mortgage in Park City.
For years, Mr. Klein has tracked the relationship between recorded “Notices of Default” (NOD’s) when borrowers fall behind on their payments, and the subsequent rise in Trustees Deeds, which evidences banks either selling or foreclosing on properties.
For the first time in the past 7 quarters, the number of Notices of Defaults actually dropped in Q4 2009.
Do Park City Foreclosures predict the bottom is near?
Since NOD’s foreshadow actual foreclosures by a few months, could this be a sign that the Park City real estate market is nearing a bottom?
Time will tell…
Foreclosures Push Park City Real Estate Prices Down
The increase in bank-controlled inventory has helped push prices down…
Sellers hate this news, but buyers in today’s market are finding amazing deals.
At lower prices, buyers have less risk and are obviously more enthusiastic about entering the market again, as evidenced by the dramatic uptick in pending and closed sales.
Average prices are down, but number of transactions are up…way up when compared year-over-year.
Signs of Recovery in the Park City Real Estate Market?
Barrons Names Park City Best Place for Second Home
The pullback in prices in Park City has not gone unnoticed.
Did you catch the cover article in Barrons this week that claimed Park City, Utah is one of the top-5 towns in the country for a second home? Here is the Barrons article about Park City.
Find a Great Deal on Park City, Utah Properties
Our clients have been negotiating shocking low prices on Park City properties over the past year. For lists of available bank-owned properties in and around Park City, Utah, please complete the form below:
Related Articles:
Silver Strike Deer Valley Condo Auction
Flagstaff Deer Valley Developer Reacts to Auction Next Door
Silver Strike Developer Offers All Remaining Deer Valley Condos at Auction-Level Prices
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