What to Know Before Buying a Park City Home

What to Know Before Buying a Park City Home

Park City, Utah, is a small town (8,607 full-time residents) that has been growing exponentially over the past several years. It’s located within the Wasatch mountain range, which stretches 160 miles from the northern Utah border to central Utah. Park City is known as a ski and snowboarding town where residents and visitors from all over love to adventure here.

If you’re ready to embrace the experience of moving and buying Park City real estate, contact real estate agent Liza Story to learn how to get started.

Choose a neighborhood that matches your lifestyle

Photo courtesy of Shutterstock

After getting pre-approved, the next step is to start searching for homes. First, you need to remember that not all homes are equal. Even though Park City is a small town, many luxury communities are distinct from one another, offering different amenities and features.

Beyond more generic concerns, the best agents can help you answer questions particular to Park City. Do you want to be close to a ski resort? Do you want a gated community? Do you want an active (or inactive) HOA? Certain luxury townhomes, such as the brand-new Pendry Residences, offer ski-in, ski-out access and lots of amenities. Priced from $6,600,000, these townhomes provide views of Iron Mountain, Dream Catcher, and Park City Mountain Resort (south-facing). If you are a skiing enthusiast, another fabulous gated community is Deer Crest Estates, which offers direct access to skiing amenities at Deer Valley Resort.

On the other hand, if you want a golf course practically in your backyard, homes in a neighborhood like Promontory would be an ideal fit. This neighborhood boasts 12 clubhouses and two golf courses, which have been voted some of the best golf courses in Utah. And if you cherish privacy, vast open space, and nature trails, with luxury estate properties, look into the award-winning community, The Colony at White Pine Canyon. Your Park City home, and property, should align with your lifestyle to find the perfect match.

Know what type of home you are looking for

With a variety of single- or multiple-family dwellings, as well as custom builds, in Park City, there are many types of homes to choose from. When approaching the luxury home buying process, it helps narrow your selection to real estate that suits your lifestyle.

Some preferences will rule out more homes than others. For example, if you want a single-family home, you can rule out all condos. If you want a condo, on the other hand, you can further narrow your search by examining only those with a homeowners association. Other important considerations include maintenance (low or high degrees thereof) and whether you prefer a fully furnished, turnkey property.

Separate your needs, wants, and nice-to-haves

If the type of luxury home you want is the frame, the picture is made of the home’s amenities and personality. The variety of Park City luxury homes for sale is such that no two homes are exactly alike (except for certain groups of townhomes). Early in your home search, a dozen or more properties might catch your eye — enough to make impractical the goal of visiting each one in person.

That’s why you should list the amenities you must have (needs), strongly prefer (wants), and generally prefer, all else being equal (nice-to-haves). Your agent can apply your preferences to your search and index those luxury homes that fit the bill. Do you want skiing, golfing, or nature trails within walking distance of your home? Would you prefer personal or community access to such amenities? And what about the interior of your home — more space, land, pool or pond?

You can answer the above questions and save the home’s interiors for an in-person inspection. When walking through luxury homes of interest, envision your life within those rooms. Ask yourself for what purpose you would use that room. Ultimately, with the guidance of the right agent, you can find a luxury home for sale that offers accommodation to meet all your desires. Then you can determine your next plan of action if you want to finish closing on your Park City home.

Confer with your trusted agent

When buying Park City luxury homes for sale, one of the essential things you can do is ask the right questions. If you need to know about details like how local laws pertain to nightly rentals, working with the right agent will save you time and hassle, even compared to looking for all your answers.

When you have a positive working relationship with a professional, they will anticipate relevant concerns before they occur, leaving you free to make executive decisions on the more significant questions — like constructing a winning bid and the timing of your purchase. Without pesky distractions, you can take your buy slowly or pounce on your dream home as soon as it becomes available.

Hire an experienced local real estate agent

Even when you feel you have found your dream luxury home in Park City, it is advisable to conduct all of the necessary research on the house, ask questions, gather essential financial documents, and walk around the house and neighborhood. If you find out that you lost out on your home to other buyers, examine what you liked and even disliked about that home, and then you can try to replicate it by finding another home in Park City.

Buying a luxury home is often stressful. That is why it is advised that you build a fantastic real estate team. Your real estate agent is one essential member of this team who will work with you to find the best home for you and your lifestyle. In particular, your real estate agent should be experienced and local to the area where you wish to find your luxury home.

A local and experienced real estate agent usually has an extensive network of connections filled with potential sellers and service contractors with whom they can connect. Furthermore, real estate agents are great at negotiating and will find your ideal luxury home within your price range. A real estate agent will also handle all the financial and legal paperwork, so you do not have to. Working with an experienced Park City real estate agent like Liza Story can help you find your dream luxury home.

*Header photo courtesy of Historic Park City

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