(435) 901-1417
Realtor in Park City, Utah specializing in resort, residential and second home properties. Buyer and Seller services focusing on our clients' needs.
Todd Anderson www.YouInParkCity.com We seem to have an overabundance of homes here in Park City, UT with "Amazing" views.
Bernice Great answers, but probably not any that the sellers want to hear. There are few options in terms of them not losing the $75K or more. With fewer buyers and far fewer qualified buyers in the market it is hard to get buyers into properties even when they show well and are priced well. Todd Anderson www.YouInParkCity.com
Our market here in Park City, UT is full of condotels and there is a constant battle among lenders in trying to get them to not be classified as condotels, but condominiums. In terms of an investment, even those that are considered to have the best rental numbers show less than 5% income versus asking price and that number is before HOA dues. The only way that any of them have ever "penciled" was due to great appreciation; with that gone, we have gone back to the idea of owning for use rather than investment Todd Anderson www.YouInParkCity.com Keller Williams Park City Real Estate
