Contemporary Homes Blog

Waldorf Park City Utah and Hyatt Centric Park City Utah

By Joel Fine
Nov 09, 2018

Incredibly buyer incentives for 2 and 3 bedroom developer condos at the Waldorf Park City Utah and the Hyatt Centric Park City Utah.  Reach out to me for details.

Joel Fine

Realtor

Berkshire Hathaway HomeServices Utah Properties

Cell: 435-901-2171

Email: joel@FineProperty.com

www.joelfine.com

Sky Ridge-A Master Planned Community---Park City, Utah

By Joel Fine
Oct 31, 2018

PARK CITY, UTAH  – SkyRidge Development, LLC announces SkyRidge, an ideal four-season master planned community in Park City, Utah. This remarkable and rare property is located on the northwest shore of the Jordanelle and will consist of 485 premier home sites designated for single family homes on 670 acres with over 50% preserved as open space.

The Jordanelle Parkway, which will connect the Mayflower Exit on US-40 to State Highway 248 at Brown’s Canyon, is under construction and anticipated to be completed by mid-summer 2019.

SkyRidge offers the perfect balance of convenience, privacy, luxury, and active outdoor lifestyle. Residents will enjoy an extensive range of residential and recreational amenities and easy access to Deer Valley Resort, the new Mayflower Ski Village, the Jordanelle, and Park City Main Street.

The Clubhouse will be the heart of SkyRidge, and features an infinity pool, cabanas, splash pad, grocery café with bar, game room, fitness facility, and locker rooms.

The SkyRidge Golf Academy will be comprised of a pro shop, practice facility, driving range, putting greens and three golf holes. The three holes - par 5, par 4, and par 3 - are designed with multiple tee boxes and greens, creating a new challenge every time you play. Open to residents and the public.

The Equestrian Center at SkyRidge will be accessible to residents and the public. Participants will have use of the 18-stall barn, training facility, indoor and outdoor arenas, pasture, washing and grooming areas, and dedicated equestrian trails.

SkyRidge has worked diligently with Mountain Trails Foundation to connect the SkyRidge community to the Park City trail network and is adding miles of pedestrian, hiking, biking and horse-riding trails. SkyRidge is a place to escape from the everyday and become immersed in the tranquil natural scenery, picturesque sunsets, and starry night skies while reconnecting with what truly counts.

SkyRidge launched with an initial 132 homesites starting at $220,000 with anticipated completion late summer 2019. Homesite reservations are being taken. Berkshire Hathaway HomeServices Utah Properties is the listing agent.

Copy and paste:  https://view.joomag.com/developments-skyridge-brochure/0982438001539709017?short

 

Contact me for details/ tour the new development:  Joel Fine, Realtor, Berkshire Hathaway HomeServices 435-901-2171 joel@FineProperty.com

 

ABOUT BERKSHIRE HATHAWAY HOMESERVICES UTAH PROPERTIES Berkshire Hathaway HomeServices Utah Properties is an independently owned full service real estate brokerage known for successful development representation. With offices throughout northern Utah, the company has a long-standing track record of market dominance and dependability. Under the Berkshire Hathaway name, our agency holds the #1 position in Utah’s real estate marketplace and maintains an historic commitment to community-driven service.

 

Doing Business In: Why It Is The Best State

By Joel Fine
Oct 01, 2018

Utah ranks number one in the US for job growth, enjoys consistently low unemployment rates, and a strong workforce. What’s at the heart of this success? Small business. The US Small Business Administration reports that Utah is home to over 277,000 small businesses that make up 99.3 percent of Utah companies and 57.3 percent of total employees in the state. Here are four areas that have been fundamental to Utah’s economic success:

A Strong & Educated Workforce

“Nothing is more important to businesses than having access to a qualified workforce,” says Val Hale, executive director of the Governor’s Office of Economic Development. “That is why so many companies choose to invest in education.” Any business will tell you that if they cannot find good, skilled people, then nothing else matters.

Utah’s public education systems, both K-12 and higher education, have a strong partnership with our business community. This partnership provides a consistent dialogue between educators and business leaders to identify gaps in our workforce skills and then develop a plan to fill those needs. This collaboration is evident is through the Talent Ready Utah initiative, which includes technical training for students through high school, so they graduate not only with a degree but with a high-wage, high-demand job, also.

Taxes & Regulation

Utah’s economy continues to benefit from our flat five percent personal and corporate tax rate, which is one of the lowest in the nation. Low taxes are important to small business but equally important is a stable tax rate. Utah small businesses have benefited from the predictability of the state’s flat tax throughout the 20 years since the rate was established.

Additionally, the Governor’s office, state legislature, and the Salt Lake Chamber are always looking at ways to evaluate and eliminate unnecessary regulations. In 2011, the state conducted one of the most thorough regulation reviews in the nation. This was partially due to a small business owner who wondered aloud why he could not fax or email his license renewal to the state agency, instead of mailing it. A closer inspection of the rule showed it was written in 1973. Since then, nearly 2,000 regulations have been modified or eliminated in favor of Utah businesses.

Incentives

Incentivizing business creation and sustainable growth is key to Utah’s thriving small business ecosystem. Several state programs assist new and existing businesses: one is the business expansion and retention (BEAR) grants for small businesses in rural parts of the state. The Utah Science, Technology and Research (USTAR) initiative specifically assists start-up and early-stage tech companies, as well.

The state also offers financial incentives for business relocation and expansion. This incentive program is built on three pillars that make it both effective and sustainable: 1) the business expansion must be competitive, 2) the incentives must be post-performance, and 3) the incentive must be a tax rebate once the jobs have been created and the corporate taxes are paid. Most importantly, these incentives were previously only available to new companies relocating to Utah: they are now available to businesses already in Utah to help them grow at home.

International Trade

You may have read recent headlines that trade is killing the US, that is not the case in Utah. Utah is a trade surplus state to the tune of $4 billion annually and has doubled its exports over the past decade with a goal to double exports again over the next ten years. This is a credit to the 3,500 plus companies that export, nearly 85 percent of which are small businesses.

Take, for example, Butcher’s Bunches, which makes handcrafted, all natural fruit preserves in Cache Valley. The jam is not only sold in Utah but in Asia, the UK, France, Australia, Canada, and Dubai. This global family company began selling in a farmer’s market in Park City. Tourists visiting Park City from around the world enjoyed the product so much that they began asking Liz Butcher, the owner, how they could buy her jam when they returned home.

Utah’s pioneering heritage is alive and well across the state, from Grouse Creek to Montezuma Creek. Our state and local governments are partnering with the business community to support small business owners who work every day to keep the American Dream alive for themselves, their families, and their employees.

Modern Shipping Container Marvel in New Jersey on the Market for $875K

By Joel Fine
Sep 23, 2018

 | Sep 19, 2018

Shipping containers have never looked so sparkling.

In fact, passers-by might not realize this modern marvel—a four-bedroom, 4,000-square-foot glass home in New Jersey recently listed for $875,000—was built from something so ordinary.

–– ADVERTISEMENT ––
Architect Adam Kalkin found inspiration for the home in an unusual place: the ports of New Jersey. In his daily commute to New York City, he passed by piles of shipping containers. "He thought, 'How can I upcycle them into a living space?'" says listing agent Caroline Gosselin.

Kalkin is not the first architect to follow this line of thinking: Shipping container homes have enjoyed a surge in popularity.

Kalkin considers metal containers "zombies." He even started a firm called Industrial Zombie, which "re-imagin[es] them for a higher purpose, thereby giving them new life."

Exterior
Exteriorrealtor.com

Breezeway
Breezewayrealtor.com

So he breathed life into his own shipping container masterpiece in 2008: two side-by-side structures on a hillside in Tewksbury Township. Hints of the home's origins can be seen in the corrugated metal siding throughout, and the wooden beams that mark the joining of the containers. Off the dining room, the cozy space that holds a table and leather booths is the size of a shipping container.

Potential buyers are "surprised by how much space it is," Gosselin says. "It takes shipping containers to a whole new level."

A mix of concrete and upcycled hardwood floors give the home a hint of industrial chic, and floor-to-ceiling windows could make you forget the home's humble origins.

But it's the home's second owner who built the space's "showstopper," says Gosselin. Kalkin originally designed two separate buildings. The current seller invested $300,000 in a steel and glass breezeway joining the two structures, making "it a whole home," she says.

Views
Viewsrealtor.com

Breakfast nook
Breakfast nookrealtor.com

Each level offers 1,000 square feet of space—plenty of room for a library, yoga room, and spa. Want to keep overnight guests close, but not too close? Give them free rein of one half of the building. The breezeway keeps you connected without feeling like you're stepping on others' toes.

City mice who want to burrow in the country will find this property particularly appealing. The train to New York City takes about an hour, and Califon, the surrounding town, feels very much like "horse country," Gosselin says. "It gives the best of both worlds," she says.

"It's great for someone who wants to be in nature but doesn't want to give up that loft-like, industrial-modern feel," the agent adds.

Jamie Wiebe writes about home design and real estate for realtor.com. She has previously written for House Beautiful, Elle Decor, Real Simple, Veranda, and more.
Questions about Park City/Area real estate contact Joel Fine Realtor Berkshire Hathaway HomeServices 435-901-2171 joel@fineproperty.com

Mortgage Rates for Utah--Fairway Mortgage

By Joel Fine
Sep 17, 2018

Current Mortgage Rates for Utah

Conforming
Loan Type Interest Rate APR
5/1 ARM Conforming 4.50% 4.771%
30-yr fixed Conforming 4.75% 4.788%
15-yr fixed Conforming 4.375% 4.393%
Based on $300k loan amount and 65% loan to value.

Jumbo

Loan Type Interest Rate APR
7/1 ARM Jumbo 4.000% 4.592%
30-yr fixed Jumbo 4.50% 4.626%
15-yr fixed Jumbo 4.25% 4.378%
Provided to you by Josh Mettle Josh Mettle Loan Officer 385-355-2130 O 801-699-4287 C Josh.mettle@fairwaymc.com NMLS: 219996 (888)996-9690

 

SILICON SLOPES IS THE PLACE TO BE 

By Berkshire Hathaway HomeServices Utah Properties
Aug 03, 2016

Nature-103

Utah is world famous for having the Greatest Snow on Earth®, but recently, the Wasatch Front has become the home of a rapidly growing tech industry known as “Silicon Slopes”. Technology companies have descended upon the Beehive State spawning exponential growth along the Front. With Tech Giants like Adobe, Twitter and a host of innovative start-ups concentrated in South Salt lake County and North Utah County, residential neighborhoods in Riverton, Bluffdale, South Jordan, Draper and Lehi are bustling with new life.

What was once “small town” and farmland dotting the valley south of Salt Lake City is now the hottest area of growth in the state. The great thing is, several net positives promise to maintain the trajectory.

Location is important and although Utah may seem a bit “out-of-the-way”, it is actually drawing technology companies like no other place. The only state capitol with an international airport, Salt Lake City is a brief hour-and-a-half from the Bay Area and easily accessible to the rest of the world. The city is within minutes of unlimited outdoor activity and world class skiing. Renowned ballet, symphony, theatre and professional sports add to the vibrant community.

Low home prices, competitive salaries, and low operating costs are another draw for business and residents alike. Tech companies relocating from the Bay Area are able to offer their employees better benefits as well as invest more money back into business and product development resulting in better products and a more robust corporate footprint.

The entrepreneurial spirit and capable, willing workforce add to the stability of “Silicon Slopes”. Local universities provide outstanding programs in computer science, engineering and programming. They inspire and supply a healthy work ethic and energize future innovators and executives.

The “Silicon Slopes” area of the Wasatch Front is an exciting place to live and work and its contribution to the state’s economy has solidly secured Utah’s place on the map.

Berkshire HathawayHS.com Goes Global

By Berkshire Hathaway HomeServices Utah Properties
May 18, 2016

Berkshire Hathaway HomeServices is expanding globally and our website is making the change, too.

Screen Shot 2016-05-18 at 4.04.38 PM

The new website features language, currency and measurement options for prospective buyers both in the U.S. and abroad whose native language may not be English. Global consumers accessing BerkshireHathawayHS.com may search for homes in any city or state serviced by our franchisees. What they’ll find they can’t get anywhere else: full MLS data containing all listings in their search area, including our own Berkshire Hathaway HomeServices listings in their language of choice. Berkshire Hathaway HomeServices . . . Good to Know. ®

To complement our international platform, Berkshire Hathaway HomeServices now sends your listings to over 35 countries throughout the world!

Utah ranked No. 1 Best State for Business for 2015—the fifth year out of the last six

By Berkshire Hathaway HomeServices Utah Properties
Apr 28, 2016

1300832.large

From the Governor's Office of Economic Development: 

When you think of the nation’s greatest sports dynasties, you might think of the Boston Celtics, New York Yankees or Green Bay Packers. Now think “economic dynasty”—and Utah should come to mind. Forbes magazine once again ranked Utah as the No. 1 Best State for Business for 2015. This marks five out of the last six years in the top spot.

“We’ve enjoyed years of success but have also learned a very important lesson: it’s much harder to stay on top than it is to get there,” said Governor Gary R. Herbert. “It’s always exciting to earn top accolades, but it’s even more meaningful that this is our fifth win from Forbes. It means that all of our work to maintain a winning business environment is working. It means we’re continuously building a champion state.”

Utah has been ranked No. 1 for economic outlook every year since 2008. Everyone from the Washington Post and Fortune magazine to The New Yorker has been talking about Utah, trying to discover the Beehive State’s secret to success. Collaboration is one of the state’s not-so-secret strengths.

“Sports dynasties don’t happen because of one star player or a single miracle play,” said Val Hale, executive director of the Governor’s Office of Economic Development. “They happen because of focused strategy, tireless effort and—perhaps most importantly—teamwork. The same goes for Utah’s economy. This is the result of continued partnership between Utah’s greatest in business, government, education and our communities. Team Utah has built an incredible economic dynasty.”

The Forbes ranking comes just days after the U.S. Chamber of Commerce’s latest research titled “Enterprising States: States Innovate.” Utah took top marks in all six measured categories, including business climate and high-tech performance. The state won the No. 1 spot for innovation and entrepreneurship, garnering the label of “most fundamentally sound state” from the Chamber.

One point in the Chamber’s study is reminiscent of 2013—the one year in the past six—that Utah ranked a still noteworthy No. 3 rather than No. 1 with Forbes. One area for improvement in the “States Innovate” report is talent pipeline. Utah barely missed the top ten for the category taking the No. 11 spot.

Like any hall of fame team, Utah’s overall success lies in a proactive focus on the fundamentals: reduced regulation, spending within means and, when necessary, implementing “cross-training” and “conditioning” to perfect our economic play.

Just last month, an unprecedented collaboration between government, industry and education leaders produced the Utah Aerospace Pathways (UAP) program. The program is designed to place high school students on the fast-track for aerospace careers, landing them in high-paying jobs right after high school graduation. UAP serves as a pilot for similar education programs for other industries—such as the IT and software sector—along with incumbent worker training programs. Coupled with other endeavors such as the STEM Action Center’s grant programs and teacher trainings, all hands are on deck for tackling workforce development. The idea is to create sustainable economic development.

“Our job as part of Team Utah is to work with companies that are considering Utah for expansion, so we see the business site selection process regularly,” said Jeff Edwards, president and CEO of the Economic Development Corporation of Utah. “Receiving the Forbes Best State for Business ranking again in 2015, and for the fifth time in six years, confirms what we hear from companies every day: no one else does economic development like Utah. The model we have in this state, with industry support, local community participation and leadership from the Governor’s Office—it is uncommon and remarkable.”

Salt Lake City Spring Market Update

By Berkshire Hathaway HomeServices Utah Properties
Apr 21, 2016

slc

March 2016 active listings (inventory) was down 32% from March 2015; yet, pending sales are up 8% in Salt Lake City County. This trend of low inventory by high pendings has occurred consistently for the last year. Bottom line: demand for housing remains strong, and inventory remains constrained.

Utah county has slowed slightly as far as pendings and Davis County has the lowest number of listings. The county is down 45% in inventory when compared to the same time last year. Once again, Davis county has more pending deals than they do active inventory.

Weber County is showing the same signs of frantic buyer interest with inventory down 37% from March of last yet, but pending sales are up 9%.

Davis County is seeing the strongest appreciation if you look at the month of March 2016 over 2015, with a 10% increase in median sales price this year.

Median price closed out at $255,000 in SLC county, which is up from January by almost 7%!  Pricing is skyrocketing in the affordable price range; for Wasatch front, anything under $500K is seeing rapid appreciation. Median price in SLC may reach over $260K for all unit types and could surpass $300K for single family homes. That's a ceiling we've never even gotten close to in Salt Lake City.

Remember it's a seasonal market and this is common.  If we remove the seasonality and just compare March 2015 to Feb 2016 median price is up 7%. This conveys that the market ceiling is really being challenged.  On one hand, there is nothing to buy because inventory is low; but, at the same time buyers are experiencing price shock since the market got back to all time new highs in 2015.

Our take: The market will remain hot with more inventory coming to market over the next 90 days and likely will still see strong appreciation until inventory gets back to normal market levels.

 

 

FIRST TIME HOME BUYER CHALLENGES AND TIPS

By Berkshire Hathaway HomeServices Utah Properties
Apr 06, 2016

1658425_Exterior_800x600

Along the Wasatch front, rent is astronomically high while interest rates are still historically low; buying a home seems like a no-brainer. Yet Millennials have been slow to take on home ownership. Why the hesitation?

There are several factors: A recession which brought with it high unemployment resulted in a massive number of foreclosures that attracted real estate investors... in droves. With more rentals available and fewer homes for sale, demand for rental properties increased and with it, skyrocketing rents. In addition, New college graduates looking for higher-paying, career-oriented jobs were sidelined by high unemployment and unprecedented student loan debt limited access to credit and reduced borrowing limits.

Add it all up and Millennials are at a serious disadvantage. However, there are some fundamental tactics to help navigate the current real estate market and succeed in finding a home.

DO YOUR HOMEWORK

There is vital information you should know, but probably don’t, about buying a home. Just because you don’t know, doesn’t mean you can’t know.

Check your credit–This is important! Ideally, you should have ample credit available and only a third of it used. Repairing damaged credit should begin at least 6 months before starting your home search.

Evaluate Assets and Liabilities–Track your income and spending for a couple of months. Compare your earningpower and cost of living. Are you due a raise or can you live more economically?

Qualify yourself–A lender can tell you how much borrowing power you have, but only you know how much you can comfortably spend. Which brings us to...

Unexpected fees–Don’t forget to prepare for these fees: closing costs, property tax, HOA fees, life insurance, mortgage insurance, home insurance, utilities, maintenance, etc.

Figure out your down payment–Once you know how much you can borrow, unexpected costs, and your spending limit, you can figure out a down payment that will keep your monthly payment “comfortable”.

Organize documents–Your lender will need 2 most recent pay stubs, the previous 2 years’ W-2s, tax returns and the past 2 months of bank statements. Knowing what you need and where to find it will save you time and effort.

CONSIDER YOUR OPTIONS

There is dramatically low inventory of starter homes and prices are rising. Many homes are receiving multiple offers which creates challenges for first-time buyers. Increase your chances of finding a suitable property by considering some alternatives.

Go smaller–A smaller home, a smaller lot size or a lower cost neighborhood can reduce your costs.

Take on a project–Homes in need of updating, cosmetic improvement or a manageable degree of repairs are typically cheaper and in less demand.

Share the cost–A duplex or a home with an apartment will allow you to cover your mortgage by renting out one of the living spaces while living in the other. Save money while building equity and when you are ready to move up you can either rent or sell the property and apply the profit to your new home.

MORE TO CONSIDER

Interest rates are at historic lows, and first-time buyer programs, (featuring low or no down payments) are currently plentiful in the industry. With home values rising faster than salaries and comps, a lower home appraisal can be a bargaining chip to reduce the cost of your new home, even in this competitive market.

 
 
Existing user sign in: 
Forgot Password?