One of the first questions agents ask when asked about purchasing a home or condominium in the Park City, UT area is “how are you planning on using the home?” One of the most common answers is: “We plan on skiing here a couple times a year and possibly come up for a few weeks during the summer.” The follow-up questions are generally about where in Park City they’d like to be, the number of bedrooms they need, and the amount the buyer is hoping to spend.

The answer to the last question may be what keeps potential buyers from seeing one of Park City’s best real estate values. Once a buyer mentions the price they are willing to or expect to spend, the agent will add that to the search criteria. A three bedroom condominium with easy access to skiing will cost at least $500,000 and range to the $3M. True ski-in/ski-out condominium in Park City will start at over $1M.

Once the price range criteria has been added to help narrow down a search, one of the best values in Park City that fits the answer to the first question (How are you planning to use the property?) does not show up in the search results.  The Deer Valley Club doesn’t show up in the search results.

The Deer Valley Club is a Private Residence Club. The model of the Club is designed to split the purchase price and expenses of a luxury resort townhome between like-minded owners. At The Deer Valley Club potential Owners who realize their usage will likely be a limited number of weeks a year are able to make a purchase that is more suited to how they plan to use the property. It requires less of an investment of both time and money. An equitable usage and reservation system coordinates usage between owners (six per residence) and keeps costs down while providing luxury amenities. The Deer Valley Private Residence Club model allows owners to enjoy a one-of-a-kind ski-in/ski-out location with all the amenities and services of a world class resort hotel at a fraction of the initial and ongoing costs of whole ownership.

Don’t blame your real estate agent for not introducing this option to you, they are showing you everything that matched your search criteria. Ask them to include fractional or shared ownership opportunities in the property search.

For more information on how the private residence club model operates and for information about the Deer Valley Club contact a real estate professional with the YouInParkCity.com Group at Keller Williams Park City Real Estate.

R. Todd Anderson Asoociate Broker, GRI, RSPS, CNE, SFR
(435)901-1417 mobile & text
(866)885-1115 fax
Todd@YouInParkCity.com

YouInParkCity.com

 

 

 

www.YouInParkCity.com
Keller Williams Park City Real Estate

 


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