Thursday, December 8, 2016

Primary Children's Hospital and Coldwell Banker Community Foundation


In 1992 after my mother passed away a group of neighbors decorated and dedicated a Christmas tree in my mothers name to be sold at the Festival of Trees.  It was a very humbling experience to see all that went in to the tree and deocorations, then to see what someone was willing to pay for the tree and decorations and finally to have that buyer then turn around and give the tree to my father.

All the money earned from the trees and decorations that are sold at the Festival of Trees goes to the Primary Children's Hospital.  The festival which started in 1970 and made $47,000.00 that year with the sale of 60 Christmas trees.  The fesitval has now earned over $35 million dollars and continues to be a magnificent resource supporting Primary Children's Hospital with over 700 decorated trees and miscellaneous Christmas decorations from playhouses to nativities to stuffed animals, quilts and more.

For the eighth year in a row, the Community Foundation for Coldwell Banker donated a tree to the silent auction, which sold for $3,600.00.  The Foundation donated another $10,000.00 to Primary Children's Hospital through the Festival.

I am so grateful to all those who support this Festival each year and to have the incredible resources of the Primary Children's Hospital so near.

Have a wonderful Christmas.

Brian Olsen
Wallsburg World Realtor




Tuesday, November 22, 2016

Sellers Decision: To Stage or Not To Stage


Are you getting ready to sell your home?  One of the first things you will be told by a realtor is to make sure your home has good curb appeal and to work on it if needed.  It sounds like within another week or so curb appeal won't be as big an impact selling your property, unless the unappealing parts of your yard will not be covered by the snow that should be coming soon.

After that the next question is will you allow your home to be staged.  I encourage my selling clients to get a consultation and if needed to stage their home.

What are the benefits of having you home staged?

The National Association of Realtors confirmed with a 2015 study that more than 81% of home buyers find it easier to visualize the property as their future home when it's staged.

The Real Estate Staging Association has a report out this year, 2016, that pre-listed staged homes spend 90 percent less time on the market than their non-staged competition.

Get the links to those two reports as well as additional benefits, tips and what to expect at the Coldwell Banker Blog, Staged for Success:  The Case for Hiring a Home Stager.

A very interesting note in this article is the comment that sometimes a seller has had their home staged and liked the change so much they decided not to sell.

Give me a call and let's get started with these short steps in preparation to sell your home:
1.  We'll walk through your home and around your property to educate me
2.  We'll review comparable properties that have recently sold
3.  We'll review comparable properties that are currently listed for sale
4.  Once we have agreed upon a listing representation I'm more than willing in most cases to coordinate and cover the consultation cost for a professional stager to go through your property (if it is one of my preferred stagers).

Now is a great time to sell your home. Give me a call and let's get started.

Happy Staging!

Brian Olsen
Wallsburg World Realtor

Monday, October 31, 2016

House Doors for ALL Family Members - 5 To Do's


The first animal I remember having was a kitten when I was probably six years old.  After that it has mainly been dogs and I've had quite a few since then.  Dogs are the greatest pets.  There are so many things that I like about having a dog, however I won't go in to my list of dog attributes, but I will get to the point about dogs and Real Estate.

More and more people have pets and it is becoming more often than not that a lot of these pets are of the canine variety and their owners allow them to come and go quite freely in and out of their homes.

Just so you don't think this is just a small thing, the APPA (American Pet Products Association) estimates that total U.S. pet industry expenditures for 206 will be $62.75 Billion dollars.  Within that $62.75 Billion include such services as Renting Chickens, pet waste management such as DoddyCalls, and giving your pet the best location to relieve themselves at a Piddle Place.

Now on to more serious products and how it relates to Real Estate.  I've always called them a doggie door, however I've learned that they are a Pet Door and there is a lot more to them that I thought before my new life as a realtor.

I thought that they were pretty much a hole in the wall or door with
some kind of rubber flap to let in the cold during the winter and spiders, bugs, etc. during the summer while your pet had easy access in and out of the home.  I was wrong on the cold and bugs, I've learned.

You may purchase all kinds of pet doors, including doors with a magnetic lock which opens the pet door when the 'key' on the collar of the pet is close enough to be sensed.

There are adjustable frame doors, triple flap doors, doors within a panel to fit in a sliding patio door and doors with clear glass or shaded plexiglas. The doors seal against the weather and may include an insulated flap and you may even purchase a pet door with a bullet-proof airtight panel.





Whatever door you choose for your pet, if you want it to benefit you when you are ready to sell your home here are 5 things to consider, to appeal to the broadest range of possible buyers:

1.  Keep the door clean, sealed and operating well.
2.  Maintain a well functioning and appealing man-door (human door for those looking looking to take offense) or wall in which the pet door is installed.
3.  If it is an expensive door, market the value of the door, such as weather barrier, security, appearance, etc.
4.  If the pet door is large, make sure it is easy to secure against any possible danger.
5.  Make it easy to remove the pet door for buyers who do not have animals and also provide the option that you will remove the pet door as if it was never there.


Best regards to you and all of your pets!

Brian Olsen, WWR
Wallsburg World Realtor

Thursday, October 27, 2016

Move to the Awesome Wallsburg Valley

Where is Wallsburg?
Located near Deer Creek Reservoir, with beautiful vistas, blue skies, bright stars and great people.

Contact me for more information about Wallsburg.


Tuesday, October 25, 2016

Heber Valley Western Music & Cowboy Poetry Gathering


Don't get too wrapped up in Halloween when you have an incredible opportunity to see Michael Martin Murphey, Suzy Bogguss and Bar J Wranglers along with great food, and Poets Doris Daley, Andy Nelson and Jeff Carson at the annual Heber Valley Western Music & Cowboy Poetry Gathering happening from October 26th to the 30th.
True West Magazine Readers Choice has chosen this gathering as the "Best Cowboy Music Gathering" in the country for the past three years.

Click on the link above for more information about tickets, shows, motel rooms and RV Resort.

In between eating, dancing and laughing call me to check out some incredible properties in the area for your 2nd home, hunting retreat or primary residence. Call, text or email me and we'll work to find what you are looking for.


Enjoy!!
Brian Olsen, WWR
Wallsburg World Realtor


Get your private estate or exclusive hunting grounds in the beautiful Wallsburg valley just southeast of the Heber valley. An amazing 1,440 acres with 14 acre feet of water for sale known as Slipper Hollow.



Friday, July 15, 2016

Walk-In Closet a Must, But For What

Whenever I used to hear stories about how many shoes woman buy, it was often hard to believe. My first daughter and my wife have never shown any signs of a shoe addiction.  However, with my 2nd daughter, I've started to see some signs and I think that she may have an addiction to shoes. I hope that she is not beyond help and I'm seeking some good counseling for her.  I'm just glad she doesn't know who Imelda Marcos is.

A client of mine recently moved into their new home in Midway, which was built by Watts Construction who did a wonderful job. I took my wife earlier this week to see their new home and they had the coolest shoe storage closet which they purchased at Ikea.

So it is often now one of the criteria of buyers is to have a closet big enough for shoes.  If you have a shoe addiction and need some new ideas of where else you can hide, or I mean store some of your shoes, check out this article from Coldwell Banker for 8 Shoe Storage Ideas.

Happy Shopping?

Brian Olsen, WWR
Wallsburg World Realtor

Wednesday, July 13, 2016

Don't Underestimate the Value of a Real Estate Professional

Last month marked my fourth year as a Realtor and I love being a Realtor.  Like any profession there are ups and downs, but overall I really enjoy helping people sell and buy real estate.

You'll see a link below to an article written by Chris Jensen the president of Coldwell Banker Residential Brokerage in Utah and he is very eloquent in communicating the value of a Real Estate Professional in selling your home.

Before going to this article may I say that simply put I see my purpose as a Realtor is to help you get through any real estate transaction with as little stress as possible and with as much value as possible.

Value doesn't always equate to net dollar amount received or amount paid, but in real estate includes such things as responsiveness, communication and information. I work extra hard to be an expert as much as possible for my clients and provide the information that they need to make decisions that impact their transaction. Often the value of my work is not measurable when it comes to helping a wife get her home sold when her husband has already moved out of state, or to find the right property for a family here in Utah while they are out of state working to sell their property and get moved to Utah, or helping a land owner determine the maximum value of their property and how best to market that property.

I could list many more things but I think you get the idea.  Enjoy Chris' take on the value of a Real Estate Professional at this link, Don't Underestimate the Value a Real Estate Professional Brings to a Home Sale

Remember to contact me to work with you in your Real Estate transaction.

"The world is moving so fast these days that the man who says it can't be done is generally interrupted by someone doing it" Harry Emerson Fosdick, 1878-1969, Pastor

Brian Olsen
Coldwell Banker
Wallsburg World Realtor

Friday, March 11, 2016

March Madness 2016



It's March Madness time again. This Sunday (March 13) is selection Sunday. You can pre-register for my annual March Madness Tournament at March Madness 2016


****Be sure to share this with your friends and have them put your name in the comments section when they register. The person who referres the most people to the March Madness Tournament will receive a $15 Cold Stone Gift Card.

Thursday, February 25, 2016

FREE Ticket to the Utah Valley Home and Garden Show

Looking for something to do this weekend? 

If you are by chance are in Orem this weekend and want to kick off your start to spring, check out the Utah Valley Home & Garden Show. This Complimentary Home Show pass is good for the entire family. 


Free Home Show pass, for the Utah Valley Home and Garden Show - Compliments of Brian Olsen - Utah Realtor #WallsburgRealtor


Go ahead and share this e-ticket with your family and friends.

Brian Olsen 

Monday, February 22, 2016

Historic Mortgage Rates & Today's Mortgage Rate

Panic was setting in for many people last December when the FED raised rates by 25 basis points.  Maybe this is a great example of how sometimes doing something new can be very scary.  I know the changing of interest rates by the FED is not new, however for many people they have not seen or remember seeing an increase in the FED's funds rate because it hasn't happened since 2006.

That increase last December, of what is actually short term rates, and how it has affected the mortgage loan rate, has essentially been innocuous.

Since mortgage interest rates are so critical in the majority of home purchases, here is a look at what has happened in the past 30 years for a 30 year mortgage rate. Since 1985 through 2015, a 30 year span, the average yearly mortgage rate as per the chart below is 7.28%.

In comparison the average rate for the year 2015 was 3.85%; a 47% decrease from the average of the past 30 years!  Recently I saw a lender offering 30 year fixed mortgages at 3.76%.
Freddie Mac Historical Rates on 30-Year Fixed-rate Mortgages - The Fixed-rate on 30-year mortgages in 1986 was 12.43% as apposed to 4.17% in 2014
Source: Freddie Mac; Click on the graph for interactive information

The above bar chart of mortgage rates from 1985 until 2014 show the fixed-rate for a 30-year mortgages in 1985 was 12.43% as apposed to 4.17% in 2014.

Since 2010 interest rates have been below 5%.  

Freddie Mac Historical Rates on 30-Year Fixed-rate Mortgages - The Fixed-rate on 30-year mortgages in 1986 was 12.43% as apposed to 4.17% in 2014

Information from Freddie Mac

Wednesday, February 3, 2016

Best colleges...

An article found on msn.com shares information from niche, about the highest- ranked college in each state. Any idea what College ranks the highest in Utah?

The Top Ranking College in Utah according to niche is Brigham Young University.When determining ranks niche considers campus quality, student reviews, academic strength and professors.

Brigham Young University is located in Provo with an overall rank of A+ an Academic rate of A and an acceptance rate of 49%.

Even if your not looking at going to school, having knowledge about colleges can help when looking to invest in rental properties. Take a look at a few multi-unit properties listed in Provo.


 Even if your not looking at going to school, having knowledge about colleges can help when looking to invest in rental properties. Take a look at a few multi-unit properties listed in Provo. Provo fourplex listed for $525,000 MLS 1347127

This fourplex located in Provo is listed for $525,000. 

 Even if your not looking at going to school, having knowledge about colleges can help when looking to invest in rental properties. Take a look at a few multi-unit properties listed in Provo. Provo Duplex Listed for $309,900 MLS 1344346

Provo Duplex listed for $309,900

 Even if your not looking at going to school, having knowledge about colleges can help when looking to invest in rental properties. Take a look at a few multi-unit properties listed in Provo. Provo Triplex listed for $234,000 MLS 1301045

Provo Triplex listed for $234,000

If you would like more information about these or any other properties let me know.

Brian, WWR

Home Information and Photos from Wasatch Front MLS

Monday, February 1, 2016

Home Inspections - Ice Dams

When purchasing a property I always recommend a home inspection by a qualified home inspector.  Even when a buyer has construction knowledge or a good friend that is a contractor, there is usually something missed, unless they have specific home inspection training.

To ensure to the greatest extent possible the condition of your home purchase have a professional inspector perform a full home inspection.  Even with a professional inspector sometimes things are hidden or only occur during certain times of the year, other than the time in which you are purchasing the property.

We won't go in to inspector qualifications here, but will address one thing that may be a hidden problem depending on when you purchase your home and that is the problem and impact that ice dams may have on a home.

When purchasing a property I always recommend a home inspection by a qualified home inspector.  Even when a buyer has construction knowledge or a good friend that is a contractor, there is usually something missed, unless they have specific home inspection training.


First let's define a part of the roof on any home called the "Eave".  This is the part of the roof which typically project beyond the exterior wall of the home. Some eaves may be fairly short, others may project some distance over the exterior wall of a home.  Eaves allow rain and snow melt to fall from the roof to the ground or into a rain gutter and not run down the side of the structure. Eaves also provide shade for a home.


An eave will not typically have insulation so it will almost always be the coldest part of the roof during winter months.  In areas that receive snow, as the snow melts on the warmer part of the roof and runs down the roof when the water hits the eave which is colder, at some point it will usually be cold enough that the water will freeze. As more water runs down, the freezing water, now ice, backs up the roof and may push itself up your roof and under the shingles. As the ice builds up, the ice or water is able to push its way up under the shingles of the roof.  The water may then go through any penetration of the tar paper or roof underlayment. Theshovelshack.com has a great photo showing how Ice and Snow cause leaks.


Those beautiful icicles on your home might be hiding something important. Icicles on your house might mean...

Since an ice dam prevents rain or melting snow from going through the rain gutter one of the first signs that you might have a problem is if you have Icicles on your home. 


Removing an ice dam once it has formed is difficult and may be very dangerous because getting on the roof and near the area where the ice has formed is icy.  I'm sure that is logical so let's not belabor the danger.  If possible the safest way is to use a ladder or boom lift to get to the edge of the roof and attempt to melt or cut a channel so that the water may drain. This is very difficult to do and not damage the roofing material or rain gutter.

As in life, Prevention is the best medicine.  There are two problems to deal with, first the cooler eave builds up ice. Second the warmer attic space melts the snow.  If you are able to install more insulation in the attic and plug any penetrations so that the attic does not warm up enough to melt the snow that will help the situation.  However, many homes with vaulted ceilings are not able to access the cavity once the home is finished and typically the vaulted 'attic' space is only the width of the roof joist so the roof is going to heat up.



When a huge snowstorm hits you may have seen on the news people with "roof rakeattempting to remove the snow from the roof to prevent both collapsing of the roof as well as ice dams.  The solution which I used on my home is to hire an electrician to install heat tape on my roof above the eave and in my rain gutter. When a storm hits I turn on an electrical switch and the tape heats up preventing the build up of ice over the eave of the home and providing a channel for water to run.

If you are capable of performing this work yourself be aware of the quality of the heat tape. As per my electrician all heat tape is not rated the same and some do-it-yourself kits are not sufficient to provide enough safe heat and may in the end be torn off the roof because of the ice build up.

A couple of more thoughts are to make sure you do a good fall cleaning of your rain gutters. Take care to not have large tree limbs that hang over your roof. Even with heat tape if a limb gets a lot of snow and breaks falling on to your roof it may damage the heat tape.

In summary, if there is no heat tape on a home in a snowy climate and you are purchasing the home in the summer, ask the inspector to do everything possible to inspect the eaves and attic space as much as possible, especially at roof valleys, to determine if there has been any water damage from an ice dam.




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Friday, January 29, 2016

Country Living Equals Better Health

I'm sure I am not the healthiest person alive, however I have always felt that country living is very helpful to not only my physical health, but also for my sanity or mental health.

I remember walking from our home on 17 acres in Crescent, Utah to go pheasant hunting with my brother and my dad.  When I was nine my father sold those 17 acres and bought 650 acres in Burley, Idaho.  Now I live on over 2 acres in the Wallsburg valley and it is a great feeling driving into this valley and coming home.

I'm sure I am not the healthiest person alive, however I have always felt that country living is very helpful to not only my physical health, but also for my sanity or mental health.

Here are just a couple "Country" homes, with a minimum of 2 acres, for sale in Wasatch County.

487 COBBLE CREEK LN, Heber City, UT 84032 (MLS # 1350317)

This Heber City home brings the luxury to a "country" home. This home is situated on 37.19 acres with a tennis court, water shares and a seasonal creek the outdoors are sure to be enjoyed. Inside the 7,890 square foot home there are 7 bedrooms and 5 full baths.


2933 W MAIN CANYON RD S, Wallsburg, UT 84082 (MLS # 1320963)

Located in Wallsburg this 2 story home sits on 7.08 acres. This stone home has 6,052 square feet with 5 bedrooms and 2+ baths. This home also has a carriage house and an additional parcel included.


What do you think, is country living helpful for your health?

~ Brian, WWR

Information and Photos of homes taken from  the Wasatch Front MLS 
  

Wednesday, January 27, 2016

Wallsburg Real Estate December 2015

Wallsburg stayed busy with their election of a new mayor in November last year, Celeni Richins and two new members of the town council. However to finish the year the sale of homes was very quiet. 

The Wallsburg real estate market didn't see very much change in December. There where no new listings during December and one listing expired, bringing the total active listings to 3. 

Wallsburg, Utah Real Estate Market December 2015

In December 2014 there where 0 new homes listed and 0 properties went under contract. Since December 2014 seven (7) properties have sold. 1 sold in February, another in March. May and June each had 1 sell and July had 2. October had the last sale for the 2015 year with 1 home selling. 

Wallsburg Home Sales December 2014 through December 2015
Home Sales in Wallsburg

For the year 2015 there were 7 homes sold that were listed with realtors and three additional homes sold by owner, making it a pretty busy year. Not since 2005 have seven homes sold in one year in Wallsburg. The most recent years compare with two homes sold in 2014, three in 2013 and two in 2012.

Take a look at the 3 properties currently listed on the Wasatch Front MLS for sale in Wallsburg.

 The Wallsburg School  built in 1904 is one of the properties listed for sale. The school is 5,108 square feet with 2 bathrooms. The school is situated on two parcels totaling 1.18 acres near spring creek.

DIY Fixer-Upper Old Wallsburg School 80 E MAIN ST S, Wallsburg, UT 84082 (MLS # 1337487)

The school is a perfect opportunity to live in a part of history. The school has the potential of being a single family home, bed and breakfast, reception center or a number of other possibilities. The sky is the limit. The school needs some TLC, however most of the plumbing and electrical has been upgraded.  How many people have an historic school for their DIY project?

Wallsburg Single Family Mountain Home 2933 W MAIN CANYON RD S, Wallsburg, UT 84082 (MLS # 1320963)


Located just past the turn into Wallsburg is a 6,052 square foot stone home. The home has 5 bedrooms, 2 full baths, 2 - 3/4 baths and 1 - 1/2 bath, plus a 4 car garage.
This home is on 7.08 acres and has an additional 1,089 square foot Carriage House next to the home. The Carriage House has a drive through garage, shop on the main floor and a studio apartment upstairs.  See great aerial views of the home at 2933 W. Main Canyon Rd., Wallsburg


Wallsburg Home with a View 2999 W MAIN CANYON RD N, Wallsburg, UT 84082 (MLS # 1291805)

Also located soon after turning into the Wallsburg valley is this 4,192 square foot home. The home has 4 bedrooms and 3+ baths. On 5 acres this 2 story home has a 2 car garage and incredible views of Deer Creek Reservoir and the surrounding mountains.

Information and Photos from the Wasatch Front MLS


Give me a call to learn more or to schedule a time to see any of these properties.
Brian Olsen, WWR

Monday, January 25, 2016

Who Do You Think the Richest Person in Utah is? It's...

Have you ever wondered who the richest Utahan is? The Richest Person in Utah is...


Jon Huntsman. According to Forbes.com Jon Huntsman is the richest man in Utah; with $1.1 Billion. John Huntsman is a self made billionaire. He lives in Salt Lake. It seams Huntsman is proving that you can have kids and still be well off. He has 9 children and I would say $1.1 Billion is well off. To read more about Jon Huntsman checkout the article The Richest Person in Every State.


John Huntsman's home in Park City has been listed on the MLS off and on since 2009. In 2099 the home was listed for $55 Million. The current listing price is $29,500,000, that's quite the price drop.

The single family home was built in 1989 on 60 acres.  The Huntsman Estate in Park City has 22,000 square feet, featuring 12 bedrooms and 16 baths. Boasting a 28 car garage, an indoor swimming pool along with expansive decks makes this luxury property one of a kind.


Exterior of Huntsman's Park City Home

Exterior of Huntsman's Park City Home

Kitchen in Huntsman's Park City Home

Kitchen

Indoor Pool in Huntsman's Park City Home

Indoor Pool

28 Car Garage in Huntsman's Park City Home

28 Car Garage 

Outdoor Living Area in Huntsman's Park City Home

Outdoor Living Area


Huntsman's Park City Home Located on 60 Acres

Home Located on 60 Acres 


What would you do with a 22,000 Square Foot Home?

Brain, WWR



Information and Photos about Park City Home taken from the Wasatch Front MLS

Thursday, January 21, 2016

How Much House for $100,00?

Have you ever wondered what kind of house you could purchase for $100,000?  How big would the house be? How old? The following are listings in Wasatch, Summit and Utah Counties listed for right around $100,000.

Have you ever wondered what kind of house you could purchase for $100,000?  How big would the house be? How old? The following are listings in Wasatch, Summit and Utah Counties listed for right around $100,000.

Wasatch County:

On the Wasatch Front MLS there are currently no listings for homes $100,000 or less in Wasatch County.

The lowest priced residential listing in Wasatch County is a 714 square foot home in Midway. Listed for $115,000.

1826 W CANYON DR N, Unit 171, Midway, UT 84049 (MLS # 1288644)

This A Frame was built in 1973, it has 2 bedrooms and 1 bathroom.  The cabin is situated on 0.68 Acres and is accessible by Snowmobile during the winter. 

Summit County:

Summit county has quite a few properties listed on the Wasatch Front MLS for $100,000 or less. The properties range from studio apartments, to yurts. Here are just a couple listings.  

2105 E PROSPECTOR AVE, Unit 208, Park City, UT 84060 (MLS # 1335314)

Listed for $82,000 is a condo located in Park City. The Condo was built in 1978 and it is 315 square feet, it even comes furnished. 

27 E LEWIS & CLARK RD, Unit 27, Oakley, UT 84055 (MLS # 1346587)
9+unique this property in Park City has a 563 square foot yurt, a teepee, sauna and outhouse. This unique 3.20 acre property is listed for  $80,000.

Utah:

Utah county has a few listings for $100,000 or less. 

Provo Utah Condo under $100,000 1420 W LANCELOT DR., Provo, UT 84601 (MLS # 1349479)

Listed for $78,500 this 1100 square foot condo has 2 bedrooms and 1.5 baths. The condo was built in 1978.

Provo Condo listed for under $100,000 1441 W ARTHUR DR, Provo, UT 84601 (MLS # 1343659)

Also located in Provo is this 1970 condo is listed for $74,900. This condo is 800 square feet with 2 bedrooms and 1 bathroom.

Orem Utah Home Under $100,000 155 S 1200 W, Unit 131, Orem, UT 84058 (MLS # 1346720)

Listed for $28,000 this mobile home in Orem has 904 square feet. 


I would love to help you find out how much house you can get for your budget, 

Brian, WWR


Home Information and Photos from Wasatch Front MLS

Tuesday, January 19, 2016

Park City: Property Owners, Stats & Festival

Park City is a well known winter vacation spot, as well as a part time residence, to many well known actors, politicians and other well known celebrities. Park City draws people from all over the world to its small town charm, yet big city amenities.

Park City is a well known winter vacation spot, as well as a part time residence, to many well known actors, politicians and other well known celebrities. Park City draws people from all over the world to its small town charm, yet big city amenities.

According to an article in the Deseret News these 16 stars own property in Park City as of February 1, 2014.

Summer Sanders a former competition swimmer and 1992 Olympic Champion and her family call Park City home according to an interview on peachythemagazine.com

Old Town Park City is a highly coveted location with it's numerous eating and shopping options as well as its proximity to the Park City Mountain Resort ski lifts.
Park City is a well known winter vacation spot, as well as a part time residence, to many well known actors, politicians and other well known celebrities. Park City draws people from all over the world to its small town charm, yet big city amenities.
Just in case you thought there was little real estate activity in this well established area of Park City last year 51 single family homes sold ranging in price from $365,000.00 to $4,000,000.00.  Even more condo / town homes sold, a total of 109 last year ranging in price from $139,000.00 to
$3,532,800.00.

Currently there are 41 single family homes for sale and 61 condo / town homes.

Last but not least, this week, Thursday the 21st, begins the Sundance Film Festival 2016 which runs until the 31st of this month.  If you don't have a place to stay already in Park City, your probably best to start looking in Salt Lake City.  If you don't have reservations to your favorite eating establishment already, there are enough fast food establishments that you won't need to go hungry.

Enjoy the Festival and let me know when you are ready to purchase your part or full time residence in Park City!

Brian Olsen, WWR


Monday, January 18, 2016

Retirement...Where?

Do you ever dream of retiring? When do you see yourself retired? How much money will you have? Where will you be living? These are all questions we have probably asked ourselves at least once. According to bankrate.comt he 10 best and 10 worst states to retire are.


Do you ever dream of retiring? When do you see yourself retired? How much money will you have? Where will you be living? These are all questions we have probably asked ourselves at least once.

10 Best States for Retirement:


10. Nebraksa
9. Arizona
8. South Dakota
7. Montana
6.Iowa
5. Virginia
4.Idaho
3.UTAH
2. Colorado
1. Wyoming

10 Worst States for Retirement: 

10. Oregon
9. Missouri
8.Kentucky 
7. Hawaii
6. New Jersey
5. Louisiana
4. West Virginia
3. Alaska
2. New York
1. Arkansas

Where do you want to retire? Did it make the list? Let me know in the comments. 

~ Brian, WWR 

Friday, January 15, 2016

Frozen Cars?

It's that time of year when scraping ice off the windows of our cars makes leaving to get anywhere take 10 minutes longer.So while we take a break from scraping the ice off our windows lets drool over some of these garages (attached to homes) for sale in Utah.


It's that time of year when scraping ice off the windows of our cars makes leaving to get anywhere take 10 minutes longer. Though scraping ice off the windows doesn't seem bad after seeing an entire car covered in ice. Sometimes instead of scraping the ice off we might be tempted to warm up our car and let the ice melt a little. According to some new studies this isn't good for air quality,  and you also run the risk of your car getting stolen.

So while we take a break from scraping the ice off our windows lets drool over some of these garages (attached to homes) for sale in Utah.


 Heber City Town Home with a 2 Car Garage


 Single Family Park City Home with 2 Car Garage


Orem Single Family Home with 5 Car Garage


Midway Single Family Home with 10 Car Garage



Now wipe off the drool before it freezes and have a great day!

Brian, WWR

Home Information and Photos from Wasatch Front MLS

Thursday, January 7, 2016

Is a Home an Investment or an Expense?

My son has been talking about investing in a home versus paying rent and he doesn't agree with me when I said that if he is going to live in the home then it isn't investing in a home, it is simply purchasing a home which is an expense, like purchasing a car.


My son has been talking about investing in a home versus paying rent and he doesn't agree with me when I said that if he is going to live in the home then it isn't investing in a home, it is simply purchasing a home which is an expense, like purchasing a car.

My rationale is that as long as you are living in your home then it is an expense. It is not producing any income for you but only expenses.  The mortgage interest tax deduction many argue is why a home is an investment.  I won't go into it now, but read this Motley Fool article Why Your Mortgage Interest Tax Deduction Doesn't Really Help to learn more.

Once you decide to sell your home then it becomes an investment that you may look at and determine if you made or lost money.  This will only be as accurate as you are in keeping track of all of your expenses over the time you lived in your home and subtracting them from any gain in value.

The National Association of Realtors 2015 Profile of Home Buyers and Sellers reveals that the average seller realizes a 23% gain in equity on their home.  NAR has the following breakdown for the gain realized for the years owned:

The average seller realizes a 23% gain in equity on their home
It looks like owning a home is like owning stock.  The longer you hold it the more likely it is that you will profit from it.  However, during that time you will have more expenses than I'm going to attempt listing here which if applied against the gain in equity I'm pretty confident that most home owners would not be in the black.

There are a lot of benefits of investing in real estate that will provide you regular cash flow and much greater tax advantages than the mortgage deduction.  It starts after you purchase your primary residence (it may start while you are renting) and you purchase property not to live in, but to rent out.  You may have a higher loan cost for an investment property as well as higher insurance costs, however with the number of expenses such as the loan interest, depreciation, travel, repairs, home office, insurance, etc. in most cases you should have a much lower tax bill and hopefully have a positive cash flow.

If you are ready to purchase a 2nd home in Utah, contact me and I'd love to work with you to find the ideal "Investment" property.

Enjoy!
Brian Olsen, WWR


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