Buyer's Guide

The Power of Investing in Ownership


Home Equity

There are both financial and emotional benefits to owning a home. After all, a home is the center of your world.

When you own a home, you are investing your money into your
future. Home equity has the ability to increase each time you make your monthly payments, as well as when you make smart home improvements. In a strong economy, home values can
increase each year. The greater your equity, the more you can
capitalize on your home's value over time.

The Home Buying Process


Choose The Right Advisor

When considering buying a property, it is essential to work with true market experts who take the time to understand your unique real estate goals. Engel & Völkers advisors are known for their unparalleled professionalism and their dedication to providing high-quality, personal service. These characteristics are evident among all Engel & Völkers real estate advisors in local markets across
the globe.

Each of our advisors is devoted to the core values of competence, exclusivity, and passion, as they represent a luxury, global real estate brand with over 40 years of brand heritage and experience. Engel & Völkers advisors are leaders in their local markets with knowledge and valued connections that help maintain our consistent leadership internationally.

Through periods of both strong economic growth and in less certain times, Engel & Völkers has maintained consistent success in advising clients to find the perfect home, and we look forward
to serving you. 

Get Pre-Approved

To ensure you are able and ready to buy a new home, a mortgage pre-approval letter is the next best move to make. This tells the seller you are serious about buying a home and making an offer. Here are a few points to consider when going through this process:

Your credit score is a big variable in finding out which type of loan is best fit for you and some lenders may not offer the specific loan you need. Use a mortgage calculator to get an idea of what your budget will look like for your home. In addition, do some research on the various loan options (i.e., VA, FHA, Conventional). Once you have an idea of which loan is right for you, this will be beneficial for you to look at sample rates, costs, and fees you will be responsible for upon closing.

You will want to look around for different lenders based on your financial needs. It is a good idea to do some research on multiple companies, what they offer, what their customer satisfaction rate is, as well as other factors to effectively compare which is right for you. Getting several quotes from different lenders may pay off substantially in the long run. Your advisor can provide recommendations as well.

You are required to provide all documents needed to verify your monthly and annual income. This includes tax returns, W-2 forms, 1099s, and rental income you may have. Some bank statements, statements from the IRA, a list of debts, rental history, court orders, alimony payments, bankruptcy, and foreclosure records may also be required.


Start Your Home Search

1. Scan this QR code to download EVInsider, your personalized home search tool.
2. Start searching for homes in your preferred area.
3. Save the homes you love and request a showing directly through the app.
4. Contact me directly through the app to request more information.
Or, you can visit to search for homes in your area.


Make An Offer

After finding the home you love, be ready to put an offer on the table as soon as possible. During this step, you need to move quicker than you may expect. It is imperative that you understand the current state of the housing market in the area you are looking in. Use market reports, comparative analysis' on similar homes, do your research before coming to the table with a solid offer.

To write the perfect offer, your real estate advisor is your best asset for this step.They have the knowledge and negotiation skills to ensure you are writing a competitive offer yet still getting the best deal around. 



We want to make sure you know what you are getting yourself into when purchasing a home. These steps
are imperative in the case that things pop up unexpectedly that you may not be able to see on the surface. If there is something that comes up, you may need to renegotiate the terms previously set. Although these steps are additional costs to you, it may save you more money and issues in the future.

Inspections are a good idea in the circumstance that there any issues with the home that the seller did not disclose. These can be issues regarding the foundation of the home, the roof, electrical system, HVAC system, plumbing, or septic system. In Utah, it is recommended to also have radon and termite inspection. It is a good idea to have a licensed professional come by to inspect the home before
continuing the home buying process.



Appraisals are a bit different. While inspections establish the particular condition the home is in, appraisals aim to establish how much the home is worth. This is based on a variety of factors including current market trends, comparative properties (similar homes selling within the last 90 days), inspections, condition of the property, and features of the home. If the home is appraised at a lower value than the purchase price, negotiations can resume. 


Final Walk-Through

After potential renegotiating and having your final terms determined, you are almost ready to move in! When walking through your new home for the last time before closing day, you will want to make sure everything stated in your agreement terms are accounted for and in the condition expected.

Here is a checklist that can serve as a guide through this step:

  • Look for any imperfections you may have missed before (i.e., cracks in the
    ceiling, chipped paint, dents in the walls, etc.)
  • Open all of the windows and doors
  • Check locks & keys
  • Test all of the appliances (if included in agreement terms)
  • Flush all of the toilets to make sure they are properly running
  • Turn on the faucets for proper functioning and water temperature
  • Check the air conditioning and heating
  • Turn the lights off and on
  • Plug something into an outlet to confirm the electric system is working

It's Closing Time!

Your new luxury awaits! After the final walk-through, it's time to sign those papers and finalize the closing of your new home. There will be a lot of documents but no need to worry this is what your trusted advisor is here for. They can help explain each and every paper that you sign. Ask as many questions as you need because after all, this is probably one of the biggest purchases you will ever make. Now that you've sealed the deal, congratulations, you're a new home owner!


Moving Checklist

  • Separate your valuables and important documents, and keep them with you during the move.
  • Prepare a 'Start-up-Kit' of items and box those up to take with you as well. This way if your belonings arrive late, or are delayed in unpacking, you will have what you need immediately on hand.
  • Label boxes by items and room to make unpacking an easier process.

Before you begin packing up boxes, take inventory of your furniture and other belongings to decide what to keep and what to purge. If it's not worth the effort of packing, moving and unpacking, consider donating, selling or discarding these items.


A smooth and successful move is only possible with a plan. Select a moving day to work toward. Identify and engage a moving company as soon as possible - Engel & Völkers is happy to make a local recommendation.

Purchase your moving supplies including boxes, moving labels, bubble wrap etc. Begin packing items that won't be needed between now and your move date including things like decorations, photos, and off season clothing. Then, schedule time to pack remaining items based on room or category to make it easy to unpack.


Make sure not only to update your address with friends, family, and service providers, but also with any mailing clubs, subscriptions, and utility companies for both ending and start service at your new address.


This is the day when your moving strategy pays off and your focus can be on saying goodbyes and enjoying the exciting elements of your new home. Once you get into your new home one of the first things you should do is to have new locks installed and extra sets of keys made.

As long as you have everything in order, the closing process should be simple and straightforward.

The closing day typically happens four to six weeks after the sales and purchase contract is executed and includes the buyer and seller, along with their respective agents, a representative from the title company, closing agent, or attorney, and lender.

The closing process is where the buyer and seller execute and sign all remaining legal documents and pay closing costs and escrow items. Be sure to bring two forms of identification, certified funds for any remaining costs, and any additional documents requested by the lender.

Once all paperwork is executed you will receive the keys to your new home and then all that's left to do is celebrate!


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Work With Karen

Karen brings a fresh perspective to the Park City real estate market. After almost 15 years of selling real estate in New York City, she brings the attitude (when needed) and the work ethic to help buyers and sellers from all over the world. Contact Karen today!

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