Condominium-hotels (those with a front desk) do not meet the standards for conventional financing. These properties require higher down payments, do not qualify for fixed-rate mortgages, and the interest rates are usually higher.
Do you want to rent your home as much as possible, only during peak rental periods, or during the summer? Is the wear and tear worth the income? Nancy and her partners will help you find the right property manager to match your goals for your home.
The IRS has declared “if you live in your home for more than 14 days, or more than 10% of the time you rent it out in a year, then it is considered your personal residence”. If these conditions are not met, your home will be considered a rental property and you must report all rental receipts as income. Be sure to discuss these considerations with your tax advisor.
There are specific neighborhoods in Park City that allow vacation rentals and other neighborhoods that prohibit such rentals. It makes sense to purchase a home in the neighborhood that allows your intended use. Nancy and her partners will be able to help you make this distinction.
Join Nancy for a private tour of Park City in this short video
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I rarely write reviews, but feel compelled due to our wonderful experience with Nancy Tallman. We wanted to build in Park City and searched for an appropriate lot. Nancy knows Park City like a cartographer and took our needs into careful consideration. She was honest, asked all the right questions and very patiently showed us everything in our price range. Nancy negotiated properly on our behalf, and thought about the details that a first time buyer would have overlooked. She not only arranged for a seamless sale, but lined up architects, designers and builders, saving us due diligence and time. We highly recommend.
I would highly recommend Nancy to anyone looking to buy or sell a property. She responded quickly to all my emails and texts, even at night and on the weekends. She is very knowledgeable about the market and helped us hone in on areas and properties that met our needs. She was our eyes and feet as we searched for a property remotely (we live in the Chicago area), and she did several FaceTime walk-throughs for us on short notice so that we could make quick decisions in the super competitive Park City market. She provided expert guidance not only in the property search process, but also in finding mortgage lenders, appraisers, and property managers. Nancy is super easy to work with and is focused on getting the best outcome for her clients.
Loved my experience with Nancy Tallman. She is beyond professional. She listened and acted on every concern we had and really had our best interests In mind. She was helpful in negotiations, was always available to answer our questions and worked in a very timely manner to close our deal. This agent is a winner.
Nancy is the consummate professional. She understands the client’s needs and budget and zeros in on a selection of options which align with buyers’ criteria. I highly recommend her for her knowledge, expertise and respect for the client.
Nancy is a rock star! She’s helped us research Park City real estate on two separate occasions with both times ending with purchase of amazing homes. She pays attention to details and is a great listener, questions rapidly via text and email. During the buying process, she managed everything making it easy and she did a great job with price negotiations. After the sale she helped us locate contractors for a remodel and connected us with a bunch of local people. Have worked with many REALTORS® in my lifetime and Nancy is by far the best. Highly recommend her if you’re looking for help in Park City.
We’d been thinking about a ski house out west for some time and had concluded Park City checked the most boxes. We contacted some friends and they connected us to Nancy. We finally got out there for a combined ski and house-hunting trip, and Nancy did a great job helping us optimize both. We saw 20 houses over a week before we were sure we’d found the one. Where Nancy really shined was working her network for intel as we bid and negotiated, and pushing the other side. She then made the process of moving from signing to close painless and stress free for us as remote buyers on east coast. Far and away the best experience we’ve had with a real estate agent.