Jonelle Simons - Park City Utah Real Estate

Welcome to Tollgate Canyon

• Tollgate • Useful Links • Maps • Tollgate Listings •

The Picturesque Tollgate Canyon is located in the foothills North East of Park City, in a serene, private setting with some of the most incredible views anywhere in the area.  This was my home for 3 years, and I’m very passionate about this incredible area.  I plan to make Tollgate Canyon my full-time home again very soon.  I would appreciate the opportunity to introduce you to this amazing and one-of-a-kind place, where you feel like you are a million miles away, but yet so close to everything Park City has to offer.

______________________________________________________________________

I hope you will find this website to be a useful source of information.  You will find HOA information, Current listings for houses/cabins AND land for sale, and much more.  Also, please feel free to participate/comment in the community BLOG.

In today’s challenging market, more and more sellers are offering seller financing for buyers in order to help sell their home! There are a lot of benefits for both buyers and sellers!

Buyers: Maybe you’re self-employed, and can’t prove all of your income. Maybe you have some dings on your credit due to the challenging economy. Maybe you had a previous foreclosure, and you’re looking to downsize into a more affordable home. Even if you’re just lacking a down payment - Seller financing might be a great option! AND - for first time home buyers (or people who haven’t owned a home for 3 years) the $8000 federal tax credit is STILL AVILABLE TO YOU!  If you buy a brand new home (never lived in) you may also be able to apply for an additional $6000 grant from the state of Utah!!    The bottom line is - with seller financing, you COULD, NOT ONLY BUY A HOME, BUT POCKET UP TO $14000 if you qualify for both programs!!!  Call me for more details!  I’m happy to help you buy a home with seller financing!

Sellers:  Can’t sell your home?  Consider offering seller financing.  There may be significant tax benefits to doing so, AND, you can make a great return on your money!  There is a way around most obstacles, please feel free to contact me if you have questions about this process!

Everyone can take advantage of the current market.

If you’ve ever wanted to own a ski in/ski out home or condo, now could be your best chance! Prices have come down in Park City over the past few months, and with incredible financing rates now available, there’s never been a better time. Some sellers are starting to get more desperate to sell with the season coming to an end, and are more and more willing to negotiate.

Visit my new Ski In/Ski Out Real Estate Page to check out listings that are currently available for sale! CLICK HERE.  You will find listings for homes and condos at all 3 resorts, so whether you’re looking for a luxury second home residence, or an income producing condo, you should definitely check it out.

Do you have a child who is a college student or recent college grad? Or are YOU a college student or recent grad who would rather own than pay rent? FHA loan programs allow for a parent/grandparent/family member to cosign on a loan for another person, in order to help them show enough income to qualify, and the time has never been better! FHA loans will allow a buyer to borrow up to 96.5%, and with the new $8000 tax credit for first time buyers, borrowers in many cases can get into a new home with almost NO money down! Rates are excellent, as low as 5% in some cases, and with so many houses available on the market, it’s a great time for buyers to get an excellent value on their first home. There are some real “deals” available, and sellers are very motivated.

Please call or EMAIL me if you would like more information. I would be happy to send you my first time homebuyer information packet, which contains more details on the program above, as well as many others, and tons of other great information to get you started on the path to home-ownership.

As part of the stimulus package recently approved, there is an $8000 tax credit for first time home buyers!  A first time home buyer is defined as anyone who has not owned a home in the past 3 years.

Unlike the previous $7500 package, this is a real TAX CREDIT, and does not need to be paid back, as long as the home is the buyer’s primary residence for at least 3 years.

With rates around 5% for a 30-year fixed, and some loans requiring as little as 3.5% down, the time has never been better for first time home-buyers to begin their path of financial stability through equity in their home.

FHA Loan terms also allow for a non-occupant co-borrower (Like a parent or grandparent) to help their younger family members qualify to buy a home at this incredibly opportune time, and have payments, in many cases, less than rent!

Here are a few of the main points about this tax credit.

• The tax credit is for first-time home buyers only.
• The tax credit does not have to be repaid.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

A great resource for the full details on this tax credit is http://www.federalhousingtaxcredit.com/

Please contact me with any questions.  I would love to help you take advantage of this amazing opportunity, and find the perfect home!