Welcome to beautiful Park City, Utah!

Real Estate for Your Lifestyle!

Park City is a spectacular place that’s truly unique even when compared to other Rocky Mountain Resorts Towns! With unparalleled accessibility, an unmatched selection of world class resorts, and breathtaking scenery, we can understand how our picturesque little mountain town may have caught your attention.

We’ve designed this guide as means to understanding the different options that are available to you as you begin looking for your mountain home. We’ll walk you through the process of buying property in Utah, and help you avoid some of the common pitfalls associated with purchasing property.

This information will help you prepare for the big decisions associated with buying a property. We understand the importance of making an informed decision, and look forward to providing you the necessary information and providing an experience worth remembering!

Barbosa & Company Real Estate.

We understand you have many options when choosing a Real Estate Agent, maybe you even know a few.  We also understand that the agent you choose sets the tone for your buying experience, and that your Realtor® can, and should, be a source of invaluable information, experience and insight as you gather information, make an offer, and navigate through the buying process.



Perhaps you are familiar with the “80/20 rule”.  Applied to real estate, it means that 80% of the sales are made by 20% of the Agents.  In real estate this may be on the generous side, with more and more of the sales coming through fewer and fewer agents.  Who are these super agents?



These are the agents who have learned to differentiate themselves by providing the level of service that consumers expect and deserve.  These agents utilize the tools of modern technology and teams of specialists all with the goal of making your real estate purchase experience nothing short of spectacular.

The Barbosa & Company Real Estate is led by one of these super agents.  Al’s passion is Park City Real Estate.  He has established a reputation as one of Park City’s premier agents, and has garnered the respect of countless clients.  His understanding of the local market, and his ability to exceed his client’s expectations are some of the reasons many of his clients choose to work with him over and over.

What makes The Barbosa & Company Real Estate so unique? 

We understand our job isn’t just to help you buy a home.  The difference is the attention you receive from a group of professionals intent on ensuring your transaction goes as smoothly as possible.  You’re not just a number; not just a notch on a sales board.  We base our business not on this one transaction, but rather on the idea that we’re here to earn your business on this purchase, and the next one! We look forward to providing the kind of service you’ll tell your friends and family about.

Real Estate for Your Lifestyle! Is more than just a catchy slogan, it’s our commitment to provide the service you feel you deserve as you search for your ideal property.  It’s also a description of how we manage the process to ensure that you’re life doesn’t have to get put on hold.  You’ve got things to do.  So we take care of the rest.

A few thoughts in advance

Most Buyer’s come to Park City with some preconceived ideas about what to expect when they arrive.  If these ideas are about the type of property that will work for you, that’s fine.  Occasionally though, these preconceived notions keep people from moving on sound real estate opportunities; our job is to ensure that you have all the facts you need to make a wise decision and a sound investment.

Before we hop in the car and head out, we’ll sit down and listen to what you’re looking for.  Once we understand your dream of your Park City property, we’ll be able to match your wants and needs with the properties currently available.  We pride ourselves on our ability to match our clients with the properties best suited to their needs.  We know where to find the best values, the best rental revenues, the ideal neighborhoods, the highest appreciation, and any of the other countless characteristics by which your “ideal” property is measured. 

We’ll take you out and show you the properties that best match your criteria.  We know your time is valuable so we’ll accommodate your schedule and do our research to ensure you get the most out of your property search. 

Q&A

Where do I start?

Park City and it’s surrounding areas have a lot to offer.  From ski homes, to golf homes, to ranch properties and homes nestled in the trees, we have something for everyone.  One of the best ways to begin is to drive through the area and take note of the neighborhoods in which you’re interested.  We also have information on our website that will aid in your selection.  Once we have a few ideas, we’ll meet, sit down and discuss what you’d like in your new home, as well the things you simply must have.  We’ll take the time to give you an overview of the purchasing process in Utah, and how it benefits you to have our team on your side, representing your interests.

How do I find a home?

Now that we have your wish list, as well as notes from listening to you describe what you’re looking for, we will begin sorting through the properties in the area.  We’ll choose those that best fit your lifestyle, and we’ll arrange for you to take a tour of these properties. If you’ve shared all your expectations, and we’ve understood them, it’s very likely we could find your ideal home that day!  Occasionally you’re search will be further refined based on the properties we’ve seen, and it might take another outing or two before we match you with your new home.  Once we’ve found it, we’ll assist you in writing an offer on Utah’s state approved forms, and begin negotiations, and then help you navigate through the purchase process. 

How quickly do I need to act?

Don’t be surprised if you find your dream home the first day; so we recommend coming prepared to make an offer (bring your check book!).  Park City is a diverse market, and it’s very possible to your dream home could be one someone else’s wish list.  We’ve seen too many times where a few minutes delay has made all the difference in the world.  Our team will ensure that when the time comes to make an offer they can do so in a timely manner, and in a way that ensures your best interests are protected.

What if I don’t find what I’m looking for?

Just because your dream home isn’t currently on the market doesn’t mean we just wait around…  Our team networks with other Realtors® and local residents to consistently match buyers with homes, even if those homes are not listed with the local Multiple Listing Service (MLS).  Our connections to the community and our Realtor® and client networks provide us with an “ear to the ground” that directly benefits you.

Who do I need an Agent?

An agent is beneficial, but the right agent is invaluable.  As a buyer it’s especially important that you have someone who’s focused on your needs and priorities.  We are intimately familiar with the market conditions, and the existing inventory, we understand your needs and ensure that we will keep your best interests at heart.  To keep you current on properties even when you’re not in town we will set up a custom search that notifies as soon as a new property is listed.  We’ll provide you with the best information as soon as it’s available.

Do I get to see all the properties?

Remember, our goal is to ensure that you have the best, and most complete information available.  Whether you’re visiting in person, or browsing our website online we believe it’s imperative that you have access to ALL of the listings in our area (not to mention a few unlisted ones too).  We show all the homes, regardless of listing broker, and we even occasionally show “For Sale by Owners” and unlisted properties. 

How do we negotiate? 

The Park City market is very dynamic, and very diverse.  There’s no “one size fits all” approach to negotiating for your property, and that’s why our agents will work with you to set out a strategy for negotiation.  We will research recent comparable property sales in the area to give you the big picture view, and provide specific advice to help you structure an offer that provides you the best chance of succeeding while also maximizing value for you.

What about financing?

We strongly recommend getting pre-approved for a mortgage.  This provides you more flexibility and could make all the difference in a bidding war.  Once you’re offer has been accepted our team’s resources will kick in to help you manage the details involved.  Most of our Park City buyers work with local lenders to secure their financing.  Mortgage loans, rates and fees can vary greatly, so be sure to request a food faith estimate from your lender.  If you don’t have anyone in mind, we’d be happy to recommend a few lenders. 

What’s your role as my agent?

We handle everything!  We’ll of course stay in constant contact to keep you up to date on the process, and occasionally we’ll need you to make a decision, or provide a signature.  Some of the items on our to-do list are:

-Follow up with your lender and appraiser to ensure loan funding and closing can occur within the offer time frames.

-Arrange the necessary inspections, and ensure that you are provided all applicable reports, and have any associated concerns or questions addressed by experts.

-Coordinating with title companies to ensure that you have a clean and clear title to your new home.

-Negotiate additional requests related to inspection results, and verify that any required repairs are made to your satisfaction.

-Review all settlement statements

-Oversee the recordation of title to your new home.



Our relationship doesn’t end with you signing papers; we look forward to continuing to provide you with the service you deserve for years to come.

What if I live out of state, or even out of country?

We’ve got you covered!  Many of client close on their new homes “long distance”.  And with us here to manage the details, you can feel confident that things will progress as smoothly as possible.

What happens after closing?

As we mentioned, even after you’ve closed on your property, we look forward to staying in contact and continuing to serve as a resource for community and real estate information.  We know there are lots of choices out there, and appreciate the fact that you’ve chosen to work with us.  The greatest compliment we receive is the referrals we are sent, and we look forward to providing your friends and family with the same unparalleled service we provide for you.

Your  Personal Toolbox

We’ve set out to provide several tools intended to keep you “in the know” when it comes to our beautiful area, community events, local market information and new listing notifications.  The best information all at your convenience...Real Estate for Your Lifestyle.

 BarbosaAndCompany.com

Our website provides comprehensive information today’s consumers.  Browse through recent articles featuring Park City, link to information about the school district, search for properties, or find out more about some of Park City’s neighborhoods and much, much more...

Barbosa & Company Newsletter

Our  monthy newsletter features new listings, best buys, area rentals, as well as links to articles concerning market conditions, local information, and our community calendar!

Customized Email Notifications

Once you’ve provided us with your search criteria, we integrate it into our system as soon as possible.  This allows us to immediately notify you each time a new property comes on the market.  Sometimes you’ll know about a new home even before local realtors!

The Home Buying Process

The ideal spot to start is by arranging a consultation with one of our agents.  This will give us a chance to consolidate your wish list, and identify those items that fit the “must have” column.  This consultation provides the basis of our search, so the more specific and detailed you can be the better.  This is our opportunity to listen to your needs and prioritize them, we’ll then match your criteria to the homes currently on the market and arrange for you to tour the appropriate properties.

Private Home Tours

We will accompany you to each of the homes, and provide you additional details about all of them.  Typically the seller will leave during the time we anticipate visiting their home, so feel free to open cabinets, closets etc.  It’s important to examine each property carefully, and to see how it matches with the criteria we discussed.  Bring along a notebook and keep notes on the pros and cons of each house.  When we get back in the car after each home visit we’ll discuss how it fits what you’re looking for.  Please be candid with your feedback, it allows us to get a better feel for your likes and dislikes and better anticipate the homes that will meet your needs.



Don’t be surprised if you fall in love with one of the first homes we visit.  We understand your time is precious, so we do our homework and focus our energy on the properties that best fit your guidelines.  But don’t be discouraged if we go through several properties before we find the one you call “home”. 



Keep only the information on homes in which you’re interested, too much paper makes the process feel overwhelming. 

Window Shopping Hints

Don’t hesitate to call us when you see a property that catches your attention, no matter where you learn about it.  Whether it’s an open house, a yard sign, or a posting on the internet, give us a call or send us and email and we’ll ensure you have the information as soon as possible.  We cooperate with all real estate offices in the state, and are well know in the Park City area, if asked, just mention you’re working with us!

So when you…

See a sign, or hear about a property for sale, get the name, address or contact number and we’ll take care of the leg work gathering details and arranging an appointment for you to see the property. 

Read about a property in a magazine or newspaper.  Call us with the information and we’ll verify it matches your needs and send you all the available information.  If it fits, we’ll get you in the door.

Visit an open house. Tell the agent you are working with us!  We are well known in the area, and this will help you avoid the pressure and sales pitches…

Tour a new construction. Tell the builder or agent that you’re working with us.  By letting them know you already have representation it helps avoid an uncomfortable situation.

If you leave town before we find your new home, take comfort that we will continue your property search.  We recognize the importance of communication and look forward to keeping in touch as we proactively search for properties that meet your criteria.  As we do so, we will consistently touch base, updating you on any progress and changes to the market.  We will also utilize our custom searches.  During your initial consultation we compiled a list of criteria that we will use to determine what properties you receive.  If your needs or priorities change let us know.

A quick word about “For Sale by Owner’s”

A homeowner trying to sell a home on their own is usually trying to save the commission.  That’s also the reason a Buyer would want to deal directly with the Seller.  The problem lies in the fact that there’s only one commission to be saved, and only one person will save it.  The Seller usually wins that game.  Most for sale by owners will cooperate with an agent on their sale, leaving you without representation.  So if you see a property for sale and it looks interesting, call us!  We’ll set up an appointment, negotiate on your behalf, save you money, and write an offer that represents your best interests, not the Seller’s.

Why you don’t just need an agent, you need one of our Buyers Specialist!

Each of our Buyer Specialists takes the time to show and preview countless properties.  They are neck deep in Park City Real Estate and love it!  They know the market inventory, and they can excel in matching you with your ideal property!  They become our client’s private property consultant!

Once the search is over and you’ve got a property in mind we will help you write up an offer.  Here’s what they will provide our clients:

-Market research: This includes comparable sales, market statistics and any other information necessary for an informed decision.  Keep in mind we most likely won’t have all your answers before we write an offer.

-Provide specific recommendation on how to structure an offer that’s in your best interest.

 

-Arrange financing:  Whether it’s connecting you with a loan officer or simply discussing the transfer of necessary cash funds, we’ll help you cross your T’s and dot your I’s.

-Provide an estimate of closing costs including title insurance etc.

The Offer

Utah law states that real estate purchase contracts must be in writing, and we strongly suggest that your offer be submitted with an Earnest Money check.  Each offer will describe the following:

-your offered purchase price

-the amount of earnest money

-financing terms

-any included items or memberships.

-contingency dates and deadlines

-closing and settlement dates



Offers will be written using State of Utah approved forms.  If the Seller doesn’t accept your initial offer, we can counter until we reach an agreement.  Once an agreement is reached we will provide you with copies of all forms and begin the due diligence process.





A word about the Earnest Money

State law requires that earnest money be held in a non-interest bearing trust account.  Typically this is an account held by our brokerage at a local financial institution.  This money represents your sincerity in pursuing the offer and is fully refundable if all the contingencies you’ve outlined in the purchase contract are not met.  You should expect to deposit an amount equal to approximately 1-2% of the purchase price.  Some high-end properties may require a slightly higher percentage of earnest money, but this is generally negotiable.  All earnest money will be credited toward the purchase price at closing.

Once the offer has been Accepted

The period after your offer has been accepted is a flurry of activity.  During this period, our team of specialists will take care of the following items:

-Confirm that your earnest money has been deposited.

-Order a title insurance policy

-Deliver any Home Owner or Condo Association CC&R’s to you by the contract deadline.

-Review the preliminary and final title insurance commitments and assist in resolving any issues or requirements prior to closing.

-Coordinate with your chosen lender, and obtain pre-approval and final approval documents.

-Ensure that any appraisal occurs in a timely manner

-Arrange for a home inspection, survey, and any other test you feel necessary. 

-Deliver results of any tests to you in a timely manner and ensure that you’re questions regarding test results and or processes are answered.

-Negotiate any inspection items that you request be repaired.  If necessary, we’ll arrange for estimates, and mitigation.  We will also request escrow agreements for any items not completed prior to closing.

-Negotiate the sale of any included personal items, and ensure that a necessary and separate bill of sale be included for the transfer of such items.

-Negotiate the transfer of any applicable club memberships.

-Arrange a final walk through prior to close.

-Review all settlement documents prior to closing, schedule a closing time and place, attend local closings with you, and coordinate delivery of keys etc.

-Connect you with local resources such as movers, cleaners, etc.

Helping you get the most out of your Property Search

We are excited that you have chosen to work with us, and we look forward to your property search, and finding you your new home.  To do so, we have a few requests

-Be candid with us.  From you search criteria to your feedback on the homes we see, the more we know about you and your situation the more likely it is we’ll find what you want in a timely manner.

-Get pre-qualified.  Take the guesswork out of your budget; determine what you’re willing to spend and how much house you can afford.  And remember, at the end of the day our goal is to help you keep as much money as possible in your pocket.

-When we start looking at homes, come prepared to write an offer; bring your checkbook.

-Compete and sign paperwork in a timely manner.

-During the purchase process, keep us appraised of any travel plans.  Stay in communication.

-Be prepared to close on schedule, and honor all dates, deadlines and contract stipulations.

First Time Home Buyers

There’s a saying that goes…you’re always paying someone’s mortgage, is it yours? Or is it your landlord’s?  Renting certainly has its perks, but there are some great reasons to consider making your first purchase.

Long Term Investment: Many home owners say one of the reasons they chose to buy was to take advantage of the long term appreciation potential of real estate.

Tax advantages: Property taxes and qualified mortgage interest may be a source of valuable deductions on your tax returns.  Renters have no such luck.

Where to start as a first time buyer

As a first time buyer it’s extremely important you begin by getting pre-qualified.  This gives you the opportunity to sort through the various loan options and pick the one that’s best for you without the pressure to move quickly.

This will also allow you to present your offer along with a pre-approval letter, making your offer more favorable to many sellers.

The loan application process

-W2’s or Two years of tax returns

-Credit history

-If you’re self employed, plan on having this year’s profit/loss statement

-Debts and ongoing expenses.

-Copy of Sales Contract

-Proof of all sources of income

-List of all assets

-Banking information, both account types and current balances



Your loan application is confidential and can take place in the lender’s office, over the phone, or even online.  If you’d like, we can provide you a list of local lenders to contact.  Some lenders may require that certain fees, such as the credit report fee or the appraisal fee, be paid in advance.  This varies by lender, so don’t hesitate to ask. 

Your loan processor is there to answer all your questions and guide you through the process, so if something doesn’t make sense let them know.  Also, within 3 days of submitting an application your lender should provide you with a Good Faith Estimate.  This will give you a close estimate of your closing costs.  Time frames for loans can vary greatly, but anticipate 30-45 days from offer acceptance to loan approval.

New Construction

Park City and the surrounding areas still have some room for growth, so there’s a good chance that your dream home hasn’t been built yet.  If you’re looking into building a home from the ground up, let us know.  Our area boasts some highly recommended builders and architects, and we’re happy to connect you with them to start the planning phase of your custom home. 

If you find a home that is currently under construction, either as a spec home, or a pre-construction property, we strongly suggest you seek someone to represent you in the transaction.  New construction properties are substantially more complex, with countless details such as punch lists, warranties, quality control, and progress monitoring, that all need constant attention.  Have us represent you, and let us manage the details as you watch your dream go up before your very eyes.  Our services won’t cost you any extra: remember, there’s no discount to use the seller’s agent, and they represent the seller, not you.

Luxury Homes Sales are a Whole New Ball Game

Navigating through the purchase of a luxury property is more complicated that a traditional home.  Such a purchase requires an agent with special competencies.  Barbosa Real Estate has significant experience negotiating the purchase of multi-million dollar resort properties.  We respect your privacy, and exercise discretion in all of our transactions.  Our past experience with high-end purchases also ensures that we are comfortable working with your designee (attorney, financial planner, trustee, etc) throughout the course of your transaction.

Real Estate for Your Lifestyle is more than just our motto, it’s a description of our business plan.  We recognize you deserve service that exceeds your expectations and a buying experience that fits into your life.  We love our town, and whether you’re discovering Park City for the first time, or rediscovering it after years of being a resident, we are excited at the prospect of helping you find your dream home. 

For more information on buying a home download our "Buyer's Hints" here.

5 Factors That Decide Your Credit Score

Credit scores range between 200 and 800. Scores above 620 are considered desirable for obtaining a mortgage. These factors will affect your score.

  1. Your payment history. Whether you paid credit card obligations on time.
  2. How much you owe. Owing a great deal of money on numerous accounts can indicate that you are overextended.
  3. The length of your credit history. In general, the longer the better.
  4. How much new credit you have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay promptly.
  5. The types of credit you use. Generally, it's desirable to have more than one type of credit - installment loans, credit cards, and a mortgage, for example.

For more on evaluating and understanding your credit score, go to http://www.myfico.com.

8 Ways to Improve Your Credit

Credit scores, along with your overall income and debt, are a big factor in determining if you'll qualify for a loan and what loan terms you'll be able to qualify for.

  1. Check for and correct errors in your credit report. Mistakes happen, and you could be paying for someone else's poor financial management.
  2. Pay down credit card bills. If possible, pay off the entire balance every month. However, transferring credit card debt from one card to another could lower your score.
  3. Don't charge your credit cards to the maximum limit.
  4. Wait 12 months after credit difficulties to apply for a mortgage. You're penalized less for problems after a year.
  5. Don't purchase big-ticket items for your new home on credit cards until after the loan is approved. The amounts will add to your debt.
  6. Don't open new credit card accounts before applying for a mortgage. Having too much available credit can lower your score.
  7. Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.
  8. Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.

This information is copyrighted by the Fannie Mae Foundation and is used with permission of the Fannie Mae Foundation. To obtain a complete copy of the publication, "Knowing and Understanding Your Credit," visit http://www.homebuyingguide.org.

10 Things to Take the Trauma Out of Home buying

  1. Find a real estate professional who you feel comfortable with. Home buying is not only a big financial commitment, but also an emotional one. It's critical that the practitioner you choose is both skilled and a good fit with your personality.
  2. Remember, there's no "right" time to buy, any more than there's a right time to sell. If you find a home now, don't try to second-guess the interest rates or the housing market by waiting. Changes don't usually occur fast enough to make that much difference in price, and a good home won't stay on the market long.
  3. Don't ask for too many opinions. It's natural to want reassurance for such a big decision, but too many ideas will make it much harder to make a decision.
  4. Accept that no house is ever perfect. Focus in on the things that are most important to you and let the minor ones go.
  5. Don't try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to "win" by getting an extra-low price may lose you the home you love.
  6. Remember your home doesn't exist in a vacuum. Don't get so caught up in the physical aspects of the house itself-room size, kitchen-that you forget such issues as amenities, noise level, etc., that have a big impact on what it's like to live in your new home.
  7. Don't wait until you've found a home and made an offer to get approved for a mortgage, investigate insurance availability, and consider a schedule for moving. Presenting an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers.
  8. Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be some costs. Don't leave yourself short and let your home deteriorate.
  9. Accept that a little buyer's remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big commitment, but it also yields big benefits.
  10. Choose a home first because you love it; then think about appreciation. While U.S. homes have appreciated an average of 5.4 percent annually from 1998 to 2002, a home's most important role is as a comfortable, safe place to live.