OCR Text |
Show rrr A-24 The Park Record Wednesday, December 31, 1997 Craig Reece, CRS THE SELLER MAY PAY You have finally saved enough for a down payment on your first home, with a little left over to buy the furniture you will need. Then you hear about additional addi-tional closing costs you weren't anticipating which seem like a real setback. One way to cover such a shortage is to make the sellers an offer that calls for them to credit you for some of the closing costs. As a rule, the sellers may pay a maximum of 3 percent of the sates price if the buyer is putting five per-cent per-cent down. If the buyer is making a down payment of 10 percent or more, the seller can contribute up to 6 percent of the sales price to cover the buyer's closing costs. Some items must be paid by the buyers, such as prepaid taxes and the first month's mortgage payment. Sellers may also contribute to paying the appraisal, points, title insurance, settlement attorney fees, state or local transfer taxes and similar Items. Keep in mind that if the credit is included in the price of the house, the appraiser will have to justify the amount, based on sales prices of similar homes in the neighborhood. For rock solid advice on buying or selling real estate, call Craig Reece at 801-647-8017 or toll free at 1-800-553-4666. Craig has been a full time Park City resident since 1973 and a full-time real estate agent since 1978. (801) 647-8017 (801) 649-7171 (800) 553-4666 ' Prudential ColnM RmI Estatt Sjddlfvifw Office Park 2200 Park Aveniti,.8ldg B Park City , UT 84060 (800) 553-4666 (801) 649-7171 The Prudential and are registered service marks of The Prudential Insurance Company of America Equal housing opportunity. Each company independently owned and operated. Red Lodge Mountain Resort declares war on its competitors, Big Sky and Bridger Bowl BOZEMAN (AP) Red Lodge Mountain Resort has declared war on competing ski areas, mounting what one competitor calls an "attack" ad campaign against Big Sky Resort and Bridger Bowl. For years, the hill outside Red Lodge has lost skiers to Bozeman-area Bozeman-area ski hills. Now, after sinking a mountain of money into improving improv-ing its skiing menu, Red Lodge is taking on the competition head-to-head. The gloves are off. Officials with the two Bozeman-area ski hills told The Billings Gazette they were surprised sur-prised by the aggressiveness of the Red Lodge campaign. "Altitude Not Attitude, $32day skiing" reads the Red Lodge Mountain Resort billboard west of Bozeman, where skiers headed to Big Sky will pay $47 to be among what is often an upscale clientele. "It's very gorilla of them," said Sarah Healey, Big Sky's advertising advertis-ing coordinator. A billboard pronouncing that Red Lodge has more black diamond dia-mond runs than Bridger towers over East Main Street in Bozeman, just a half block from the sign that points the way to Bridger Bowl. A billboard in Billings reminds skiers in Montana's largest urban area that skiing at nearby Red Lodge could be preferable to sitting sit-ting for several hours in the car. "Cole Creek more challenging than the Bozeman Pass." Television commercials and newspaper news-paper advertisements also trumpet trum-pet what Red Lodge officials think are the mountain's advantages. "We just thought it was time to be more to the point," said Red Lodge marketing director Marcella Manuel. Before completing a 10-year, multimillion-dollar expansion that added lifts, terrain, paved parking and snow making machines, Manuel said Red Lodge had to watch Billings skiers go to Bozeman and had no chance of luring the large number num-ber of Bozeman skiers to Red Lodge. This is the first time Red Lodge has advertised in the Bozeman area, Manuel said. Television advertisements in Billings say the steepest thing at Big Sky is the price and the only thing new at Bridger Bowl is a pop machine. "They have a lot to boast about," said Doug Wales, Bridger's marketing . director. "But I think there are other ways of going about it." Wales said Red Lodge may technically have more expert runs than Bridger, but much of that determination is subjective to each mountain. Bridger has entire sections of mountains that are expert level and Bridger's lift tickets are less expensive than at Red Lodge. At Big Sky, the lift ticket might cost more, but there is also much more readily available in terms of ski hill amenities, such as lodging and shops, Healey said. In the past, Big Sky and Bridger have strategically placed billboards where skiers on their way to the rival mountain can see what they are missing, but Wales said they were not attack ads. On n 0 AAdSoNS ft1 NNNljS ffl pROMMlOFUSATCvM if 1 PC ORTHODONTICS!? C Telluride ski chief predicts new construction boom TELLURIDE, Colo. (AP) While there has been much grumbling about development in and around this ski resort, the CEO of the Telluride Ski and Golf Co. says the area is on the verge of the biggest construction boom since the resort first opened. Ron Allred told The Telluride Daily Planet that the region's bed base, now 4,387, could increase by nearly 50 percent during the next two years. "Telluride really never has had a real construction boom. Other-resorts Other-resorts have been through the cycle at least once or twice. But we've always been kind of stable. Now, were in a boom that I believe started last summer. We're talking about an almost 50-percent increase in the bed base," Allred said. That's music to the ears of tourism officials. Until recently, regional tourism officials were lamenting the conversion con-version of many lodging beds to condominiums or long-term rentals. In other resort towns, including Aspen, the replacement of hotel and motel rooms with con-dos con-dos has tended to reduce the importance of skiing to the economy. econo-my. Telluride's pillow count had been steadily dropping, following the conversion of such projects as the Tomboy Inn,' Coonskin Inn and the Viking Lodge to the long-term long-term residence market. While this short-term bed base was experiencing a decline, long-range long-range planners were citing the need for an even bigger inventory of these tourist accommodations in order for Telluride to sustain its economy. Telluride was falling behind the curve. The construction of the 177-room 177-room Doral Resort in Mountain Village, since taken over by The Peaks Resort & Spa, and the Hotel Columbia, the Franz Klammer Lodge and the newly opened Camels Garden have since helped to reverse the declining trend. AUred says more are coming at the Mountain Village, including the 32-unit Inn at Lost Creek, phase two of the Franz Klammer lodge, 49-unit Telluride Club time-share time-share and 109-unit Lodge at Mountain Village. Within the town of Telluride, The River Club, a 32-unit time-share time-share project is under construction, construc-tion, as is the Ballard House Phases I and II, totaling 33 units. In all, some 18 short-term accommodations projects are underway and scheduled to start soon. Plus at least 50 more new homes will be built in the next year or two. REMEMBER, STARTING AFTER THE NEW YEAR WE'U BE AT OUR GREAT LOCATION IN THE JACK JOHNSON OFFICE LODGE, JUST OFF iiWY 224. Park City Orthodontics Jeffery R. Sumsion, DMD, M.S. 347 Main Street The Village at Kimball Junction 649-0099 ' : M jtmm., ,... ,., A . ill ; 1 "XlUJ f ' " 'Ik r service ! "Good Nei -'"flakes State my poKcyholdels swear Dyut year after year. 1,,,, 1 ,,,,,,,,,,, ,,, 1912 Sidewinder Dr., Suite 101 Park City, Utah 84060 (801) 649-9161 STATI FARM INSUIANCI Slate Farm Insurance Companies Hume Offices: ISkximinglon. Illinois Like a good neighlxrs Slate harm is there.1 The .Ultimate Gift of Italian Style The New Aurora Corporate Collection is a must for those wishing to offer a distinctive gift or an exceptional incentive reward. Aurora, Italy's largest and most prestigious manufacturer of writing instruments since 1919 allows you to customize each pen with corporate or personal idenMcahon?Ovef lfljl models .21 -encompass all the artistic Italian flair, design and craftsmanship. A gift to be treasured for a lifetime. Also featuring: Waterman, Cross, Parker, Silver Eagle, Schaeffer and Sensa Available at: 0 323 Main Street Park City 435.649.6522 Marriott Summit Watch Suite 1110 435.658.1813 ." ' "J - ails 1rib'-i i't $CH?k The Best of Deer Valley! Fabulous ski inout condo with genuine rustic charm and a great roomy feel. Three elegant bedrooms bed-rooms offer space and privacy. ' With multiple fireplaces, a hot tub and the new club house being built, you and your guests 1 are certain to melt into the ambiance called Deer Valley! $1,225,000 Fact Line 57924 r, I 1 111?' t ..,.. ... 2i'a Silver Creek The Canyons b-'1;'-- ' Bruce R. Raunick f,MkL hk ri X -1 IWb KOOKIl Of I HI tlAK It. . '-wi-r. ; ' r run uit DUAKD Of KUITWB m Spectacular, new, custom, handcrafted hand-crafted square log home on 2.5 . acres of horse property. Panoramic ski area views! Paved easy access. Must see this one! $299,000 Fact Line 57944 435-640-1047 Direct 800-306-6312 Toll Free PKffTTTTrcTFn K 3 I premier realty Fact Line Audio Tour 649-5363 Spectacular Mountain views over-lookingponds. over-lookingponds. This one bedroom loft has been very well maintained close to hot tub, pool sauna offered furnished! Act now! $144,500 Jr MULBERR A v S T. R V. E T Happy New Year from Mulberry Street. Serving our regular menu and New Years' Dinner Specials plus a children's menu. Best Wishes mm Plenty of parking underground Marriott Summit Watch Building - y Open for Lunch & Dinner Monday-Saturday Now Open Sundays at 5:00 p.m. 738 Main Street, Park City 649-0888 " , A private club for members c a' |