HOME BUYERS SEMINAR- WENESDAY JUNE 4TH, 2008

PLACE: EXIT RESORT REAL ESTATE

261 SOUTH MAIN STREET

HEBER CITY, UTAH

TIME: 6:30 PM

DO YOU KNOW WHAT IT TAKES TO BUY A HOME IN TODAYS MARKET? TO FIND OUT THE ANSWER TO THIS QUESTION AND ABOUT MANY NEW LOAN OPTIONS FOR BUYERS, COME TO THE HOME BUYERS SEMINAR ON WENESDAY JUNE 4TH AT 6:30PM. BEING SPONSERED BY ASHLEY VALLEY FINANCIAL AND EXIT RESORT REAL ESTATE. HOPE TO SEE YOU THERE

EXIT & WASATCH COUNTY OPEN HOUSE EXTRAVAGANZA!

SATUDAY JUNE 7TH/ 10:00 AM-2:00 PM

STARTING HOME: 980 NORTH MARTHA LANE (440E) MIDWAY, UTAH

OVER 15 HOMES ON TOUR WITH EXIT AND MANY MORE THROUGH OUT THE HEBER VALLEY/ MIDWAY AREAS WILL ALSO BE OPENED. EXIT REALTY WILL BE GIVING OUT TICKETS AT EACH OF OUR HOMES FOR A $200 DOLLAR PRICE GIVEAWAY- GIVEN BY ASHLEY VALLEY FINANCIAL! COME TO STARTING HOME FOR A MAP TO THE OTHER EXIT HOMES ON TOUR! HOPE TO SEE YOU THERE!

WHEN BUYING, YOU NEED A SOLID STRATEGY TO HELP YOU HAVE A COMPETITIVE EDGE IN TODAYS MARKET!

WHEN BUYING...

Strategy #1 Choosing a Lender/Getting Pre-qualified:

Sellers want to know if you can qualify to buy their home before showing their home to you! You need to know what you can qualify for before looking. In determining what you can afford to buy, you will need to know what you will need for a down payment. Most banks require a 20% down payment, but some will allow as little as 10% if you have a excellent credit rating. But remember the less you put down probably means you will be paying more in interest and loan fees. Another good strategy is to spend no more than 30% of your pre-tax income on housing costs: this should include your mortgage, homeowners' insurance, property tax and maintenance costs of about 1% of the value of your home.

Lenders will use your credit score to determine the interest rate they will give you on your mortgage. The rate between a decent and a terrific credit score can be a difference of tens of thousands of dollars over the life of a loan. To be an more attractive risk you will need to improve your rating. One thing you can do to improve this is to pay down your credit-card bills. Lenders prefer to see that your debt does not exceed your available credit by more than 30%. But once you have paid off your accounts do not close them, because this can actually hurt your credit score. Your Lender can give you even more ideas and information on improving your credit ratings.

Another factor is the type of loan you should get, Your best bet is a 30 year fixed rate mortgage. Many homeowners regret getting adjustable rate mortgages which had low interest rates at first and then more than doubled in recent years. You should try to get at least 3 or more GOOD FAITH ESTIMATES from different lenders to help you determine if you are getting the best loan for your circumstances. A Local REALTOR/ BUYERS AGENT can be a great resource in reffering Lenders that have helped their past clients get the best loans and interest rates. The Lender of your choice can help you determine which terms and loan is best for your circumstances.

Strategy #2

Choosing a Local REALTOR/ BUYERS AGENT:

The Seller will have someone representing them, You need someone who will look out for your Best Interest! A Local REALTOR/ BUYERS AGENT can help you find the Home that is right for you, your Dream Home. Once you have found the home you want to make an offer on, you will need to determine what you are willing to offer.

The Bidding wars of 2006 are very uncommon in todays market, Sellers are more willing to deal when it comes to helping with Closing costs and or lowering the price. Your Local REALTOR/ BUYERS AGENT can help you determine what is reasonable to ask for/ offer in your area. And can help you to negotiate for your best interests. Your REALTOR can obtain a pre-qualifing Letter from your Lender to send with your offer, which will also help in your negotiations. Your Realtor should also explain and go through the Real Estate Purchase Contract (REPC) with you and help you write up the offer. Your Realtor should then present the offer to the Sellers Agent, in so doing should represent your best interests and negotiate for the best price for you, the Buyer.

After reaching an agreement on terms and once they have an acceptance on your offer, Your REALTOR should then turn in the accepted REPC to your Lender and Title Company of your choice. Your REALTOR can also help you in choosing and setting up an appointment for Inspection/ Inspector, Home Warranty, Title Company etc... as applicable. Your REALTOR should help you keep tract of all your REPC Deadlines and then should go with you to the Settlement/Signing. After the home has closed and recorded with the State, Your REALTOR should help you set up possession as per your REPC agreement.

*********************************************************************************************************

BUYERS: I WILL HELP YOU MAKE ONE OF THE MOST IMPORTANT DECISIONS OF YOUR LIFE, FINDING YOUR DREAM HOME. I AM COMMITTED TO FULFILLING YOUR NEEDS WITH THE HIGHEST LEVEL OF PROFESSIONALISM, EXPERTISE AND SERVICE YOU DESERVE!

I SPECIALIZE IN DREAM HOMES IN THE PARK CITY, HEBER VALLEY & MIDWAY AREAS OF UTAH!

I'M GENEIE AND "I WANT TO BE YOUR FAVORITE LOCAL REALTOR/ BUYERS AGENT!"

CALL GENEIE MCINTOSH AT (801)792-9288

OR VISIT MY WEBSITE TO SEARCH THE UTAH MLS FOR FREE!

www.YourFavoriteExitRealtor.com

Salt Lake Tribune- April 26,2008

President's Message

Rising rents may be reason to reconsider buying!

By David Mansell-President of the Utah Association of Realtors

As many would-be home buyers remain on the fence about becoming homeowners, demand for rental space across the country continues to increase- and so do the prices.

Along the Wasatch Front, renters are particularly feeling the squeeze. Over the past year, rent prices in Salt Lake rose 9.8%, the largest increase among 19 major Western markets surveyed by RealFacts. Rent soared by 15.9% in the Provo-Orem area and rose 6.8% in Ogden-Clearfield.

Not only are rental prices rising across the Wasatch Front, but apartments are becoming harder to find in this tight rental market. At 2.1%, Salt Lake City has the fourth-lowest multi-family vacancy rate in the U.S., according to the Commercial Real Estate Forecast from the National Association of Realtors. Typically, a vacancy rate under 5% is a landlord's market, a situation characterized by fewer concessions and higher rental rates, says the NAR report.

With rents across the U.S. projected to rise 5.3% this year, some renters may reconsider decisions to delay homeownership- especially since buyers, unlike renters, hold quite a bit of negotiating power these days. Plus, homeowners who hold fixed-rate loans know their payments will remain the same, regardless of what happens with the economy.

So how do you know if now is the right time for you to buy or to rent? One rule of thumb says that if you are going to move within three years, you should rent because of the time and costs associated with buying and selling. Staying in a house for a longer period also reduces your risk of loss.

Take, for example, the volatile markets in Arizona, California, Florida, Nevada and Washington, D.C. that we hear so much about on the news. For buyers who bought a year or two ago and needs to sell, the current price declines of 5-20% could be problematic. However, homeowners who bought for the long term are seeing a different picture: Even with price declines, a homeowner who bought in 2000 would have made $123,000 in Phoenix, $150,000 in Orlando and $252,000 in the Washington, D.C. metro region, according to data from the National Association of Realtors.

Federal Reserve data further confirm the long-term wealth accumulation that housing can bring. In seven years- the approximate time a buyer lives in a home before selling- homeowners' net housing equity increased by $3.4 trillion.

Another factor to look at when determining whether to buy or rent is the monthly mortgage payment. Determine what your monthly mortgage payment would be if you decided to purchase a home at today's prices with today's interest rates. Then make sure you could afford the payment along with insurance, property tax and home maintenance costs.

If you're sitting on the sidelines hoping prices will drop, make sure to consider the effect of higher interest rates in your calculations. Lawrence Yun, chief economist for the National Association of Realtors, says he is expecting the Federal Reserve to stop cutting interest rates at the end of this month and says the Fed may begin raising rates at the end of the year to curb inflation. He provides the following scenario: Assume you need a $200,000 loan. With interest rates at 5.8%, your monthly payment would be $1,174. If home prices fell 5% in your area, thereby lowering the loan to $190,000, but rates rose 6.3%, the new monthly payment would be $1,176- almost the same amount as if you hadn't waited and you'd be missing out on the tax benefits of homeownership.

Although there are a number of considerations that go into any home-buying decision, make sure to include the effects of rent prices and interest rates in your analysis since they may become determining factors in your homeownership decision. If you want to learn more about real estate and lending conditions in your area, contact your local Realtor- because nobody knows Utah real estate like a Utah Realtor.

If I can be of any assistance with your Real Estate needs please call me at:

(801) 792-9288

Geneie McIntosh- Your Favorite Exit Realtor!

EXIT Resort Real Estate

Serving the Salt Lake, Summit, Wasatch & Utah Counties

TO SEARCH THE UTAH MLS FOR FREE PLEASE VISIT MY WEBSITE:

http://www.yourfavoriteexitrealtor.com/

LIVING IN & LOVING MIDWAY:

My First Trip to Midway:

I was just a young girl when my mother took our family on a weekend trip to Midway. She took us to the Homestead Resort; this was a real treat for us kids. We loved swimming in the big heated pool and my mom loved relaxing in the hot pool. I remember thinking; this would be heaven to be able to live in a place like this...

Homestead Resort

My Next Trip 8 years later:

When I was first married and going on one of our first trips camping and fishing, we stayed at the Wasatch Mountain State Park because there were no camping spots available at Deer Creek State Park. It was secluded and just 15 minutes away from Deer Creek. While there we drove around the small Swiss Mountain Village of Midway, that's when we first fell in love with this wonderful place and dreamed of living here someday!

Wasatch Mountain State Park Visitor Center

Every year after that we would always make a point to drive through Heber City and Midway on our way to Strawberry or Deer Creek State Park to go fishing and camping. Many years later we would take our children to the Jordanelle State Park when it opened to go camping and water skiing.

In August of 2003 we decided it was time to find a building lot for our Dream Home, that's when the Good Lord blessed us with our land on River Road- just west of Memorial Hill. We would go there each weekend to work on our lot for our new home. I remember staying there in our motor home on the Fourth of July and watching the fireworks on Memorial Hill. I felt like they were just for us. At first I was worried we would not fit in with the people of Midway, but they welcomed us with open arms. And since moving here we have never felt so much a part of a community as we do here.

Memorial Hill Our Home on River Road

JUST SOME OF THE FUN AND EXCITING THINGS YOU SHOULD DO AND SEE IN AND NEAR OUR

BEAUTIFUL SWISS MOUNTAIN VILLAGE OF MIDWAY:

CAMPING AND FISHING-

Wasatch Mountain State Park

Deer Creek Reservoir & State Park

Strawberry Reservoir & State Park

Jordanelle Reservoir & State Park

Provo River

GOLFING AND SKIING-

The Homestead Golf Course

Wasatch State Park Golf Course

Soldier Hollow Golf Course and Cross Country Skiing

Park City Ski Resorts

Sundance & Deer Valley Ski Resorts

ICE SKATING AND CITY PARKS-

Winter-Outdoor Ice Skating Rink & City Parks

WINTER SNOW TUBING OR TAKE A TRAIN RIDE-

Snow Tubing at Soldier Hollow Heber Valley Rail Road

BIKE RIDING RENTALS AND TRAILS-

FOR LODGING AND DINING - I RECOMMEND:

The Homestead The Blue Boar Inn Johnson's Mill

The Invited Inn The Zermatt Resort Mountain House Grill

FOR LOCAL ARTISTS AND ART GALLERIES TRY-

Edelweiss Art Gallery Robert Duncan Art Studio

BROWSE OUR ANTIQUE SHOPS AND HOME DECOR SHOPS-

Antique Shop Midway Mercantile All That Stuff In The Barn

Home Décor Shops

STOP IN OUR LOCAL BAKERY AND SWEET SHOP OR HAVE A TEA PARTY- (Highly Recomend Both)

Midway Bakery & Sweet Shop Pandora's Tea Parlor

JUST SOME OF OUR LOCAL BUSINESSES ON MAIN STREET-

Barber Shop, Bank, Copy Center, Scrap Book Store & Midway Auto Garage

POST OFFICE, HISTORIC TOWN HALL & CITY BUILDING-

MIDWAY CITY INFO

Midway Schools / Wasatch School District

SOME OF THE HISTORICAL & BEAUTIFUL HOMES IN OUR CITY-

DON'T MISS THESE MIDWAY EVENTS-

Fourth of July- Parade and the evening Fireworks on Memorial Hill!

Labor Day Weekend- Swiss Days!

November 4^th-9^th - Cowboy Poetry!

Midway Christmas and 10^th Annual Interfaith Crèche Exhibit

Memorial Day- Pancake Breakfast!

WE'RE JUST MINUTES AWAY FROM-

Heber City is just 5 minutes away where you can find Grocery Stores & Pharmacies- Smiths and Days Market, Family Dollar, Walgreens.

Auto Parts, Car Dealership, Lumber, Plumbing and Hardware Stores, Furniture & Home Décor, More Antique shops.

Fast Food such as McDonalds, Arby's, Sonic, KFC, Taco Bell, Taco Time, The Dairy King, Dominos Pizza, Pizza Hut, Papa Murphy's (and Yes the Pizza Parlors deliver to Midway!) Casual and Formal Dining too!

And don't forget the AVON & IDEAL Movie Theatres and Update Video Rental Store!

NOW THAT YOU HAVE SEEN JUST A LITTLE OF WHAT MIDWAY HAS TO OFFER, PLEASE CALL ME-

I WOULD LOVE TO HELP YOU FIND YOUR DREAM HOME!

Taken from: Utah History Encyclopedia (Links Added)

MIDWAY

Within the state of Utah there are numerous beautiful mountain valleys; few are as picturesque as Heber Valley, some fifty highway miles east of Salt Lake City. Historically, the first white Americans to visit the area just east of Mount Timpanogos were members of a fur trapping brigade led by Etienne Provost in 1824. For many years the valley was referred to as Provo or upper Provo; the river running south through the valley still bears the name of that explorer.

It was the completion of a wagon road through Provo Canyon in 1858 that brought the first Mormon settlers to the area. The following spring, a number of families (most from Utah County) began locating farther to the west along Snake Creek, establishing two small communities. The first was a mile and a half south of present Midway; the second was about three miles north of the first. The more northern settlement was called Mound City due to the numerous nearby limestone formations. Among the early family names of settlers were Robey, Epperson, Bronson, McCarroll, and Smith. By 1861 there were approximately fifty families living west of the Provo River.

In 1866, because of Indian hostilities, territorial governor Brigham Young encouraged settlers to construct forts for protection. The two Snake Creek settlements reached an agreement to build a fort halfway or midway between the two existing communities--hence the name Midway. During the 1860s and 1870s a large number of Swiss immigrants arrived. Swiss names such as Gertsch, Huber, Kohler, Probst, Zenger, Durtschi, and Abegglen, among others, are still found in Midway.

From the beginning, Midway's industry was based on livestock and farming; however, the pioneers' need for building materials quickly became paramount. Sawmills were established by the early 1860s. Three principal operators were Henry T. Coleman, John Watkins, and Moroni Blood. Lime, limestone or "pot stone" blocks, and brick also were soon manufactured. In 1861 John H. Van Wagoner constructed the first commercial gristmill. Retail stores soon were developed by enterprising residents; one, the Bonner Mercantile Store, was constructed in 1879 and is still in use today. A second long-running retail business was founded by Henry T. Coleman and Simon Epperson. Established in 1910 and originally called "the Midway Drug Store," that confectionery and grocery outlet was operated until 1986 by the Coleman family (who also owned an adjacent movie theater initially called the Star and later the Rio). Blacksmiths, livery stables, boarding houses, and other businesses were also part of the community's economy. Moreover, by the 1880s nearby mines, particularly those in Park City, began to play an important economic role in many Midway households, and did so into the late 1960s.

Because of the numerous ninety-degree-plus hot-water springs in the Midway area, several resorts were developed including Schneitter's Hot Pots (now the Homestead) and Luke's Hot Pots (now the Mountain Spa); both were established in the 1880s.

Due to a rather consistent flow of water in Snake Creek Canyon, hydroelectric power was developed and brought to Midway by 1910. Heber Light and Power Company built their plant in the canyon in the late 1940s. The Midway Water Works Company was organized in 1895, bringing culinary water to the community that year; telephone lines and telephones were introduced two years later. A major U.S. Supreme Court decision was handed down in 1923 affecting not only local residents but also western irrigation companies as well. The twelve-year legal battle was between the Midway Irrigation Company (organized in 1887 and incorporated the following year) and Park City mining interests over who owned Snake Creek water. The 1923 landmark decision ruled that the mining companies and their associates could not keep, develop, or sell the creek water, but rather could only temporarily divert it.

Midway was incorporated 1 June 1891 with Alvah J. Alexander elected as president; board members were also elected. The town was a proclaimed third-class city in 1971. The mayor-and-council system was then initiated, with Wilburn F. Huffaker being the first city mayor.

Education and the establishment of schools began very early in Midway history. By 1867 the community had organized a school board of trustees to improve the existing log school. Over the next forty-five years several schools were organized, both public and private, in an effort to meet educational needs. In 1912 a new schoolhouse, using native "potrock," was built on the public square. This facility was used until 1975 when the new Midway Elementary School was dedicated.

Important civic improvements were made in the 1930s and 1940s. A concrete sidewalk program began in 1938, and the Midway Recreation Center, usually referred to as the "Town Hall," was dedicated in June 1941; both were Great Depression-era WPA projects. The east section of the center now houses the local post office, which had been established in December 1864; Salas Smith was the first postmaster. The most active civic organization promoting the community has been the Midway Booster Club. Established in 1947 through the efforts of Luke's Hot Pots Resort owners Joseph B. and Pauline S. Erwin and a number of local enthusiastic supporters, the club has had a very significant role in various city improvements and activities. This has been particularly true with the popular Midway Swiss Days festivities held each fall. Music also has always been a strong community tradition.

Although agriculture is still a significant industry, recreation has fast become an important aspect of Heber Valley's economy. Local recreation attractions include golf courses, Deer Creek Reservoir, Wasatch Mountain State Park, and the nationally known Homestead Resort. Changes will continue to come to the community as the economy shifts towards tourism and as the world discovers Midway and its charm.

See: Wasatch County Daughters of Utah Pioneers, Leslie S. Raty, ed., Under Wasatch Skies, A History of Wasatch County, 1858-1900 (1954); William James Mortimer, How Beautiful Upon the Mountain (1963); Mabel Mitchell, ed., Midway Second Ward and Midway Reflections, 1859-1989 (1989).

Jerry R. Springer