The 2nd Annual Tin Cup Challenge, hosted by the Teton Valley Community Foundation was an incredible success this year!  As of Saturday morning, more than $250,000 has been raised for local non-profit organizations!  Donations are accepted until July 24, 2009, so there’s still time!  If you would like to donate, follow this link!

Our sales associates, Alison Drumheller (with son Nicholas) and Mandy Rockefeller (with dog Isabella) took part in this wonderful community event and urge all who can donate in these tough economic times to give what you can.

Alison Drumheller and Mandy Rockefeller (with dog Isabella center) at the finish line of the Tin Cup Challenge 2009.

Yesterday, our Realtors Bill Fay, David Slivinski and Mandy Rockefeller had the opportunity to golf at Huntsman Springs.  This amazing course is located in the heart of Teton Valley, just west of the City of Driggs.  For more information regarding real estate opportunity in this development, contact your TVR agent.

Hole #7 Huntsman Springs - Teton Valley

If you haven’t already signed up for the Tin Cup Challenge, you need to!  A fun community event to raise money for many non-profit orgizations in Teton Valley.  If you just want to donate, there’s still time! Donations are accepted until July 24, 2009.  For more information, click here.

Definition: The net proceeds are insufficient to pay the outstanding balance of the secured debt. This is a good general definition but there is more to it.

The following should also be present:

• Seller cannot make up the deficiency at closing.

• All lien holders will take less than what they are owed and have agreed to release their lien hold interest.

• Power of acceptance lies with a 3rd party.

Oftentimes the “consideration” for the lien holder to take less than what they are owed is the lien holder has power of
acceptance of the contract.                                 – From the Snake River Regional MLS

What does this mean to a buyer? When writing an offer on a property, it will not be the Seller that will ulitmately respond and accept the offer; the lender will make the final decision.  One of the differences in the “nuts and bolts” of the buyer’s offer is that it will need to include the clause stating that the purchase is a short sale, and is subject to lender approval.

Don’t miss out on the great times with friends for this 4th of July weekend!  A full list of activities and events is available here.

While in Victor for the parade, please stop by some of our Open Houses:

30 Cedron Road #2, the Apple Wood Grove Townhomes from 10:00 am to 2:00 pm.

7872 Housetop Lane in Mountain Shadows from 11:00 am to 3:00 pm

Our Driggs Open Houses will be:

150 Valley Centre Drive from 11:00 am to 3:00 pm. (There are 12 townhomes that can be viewed)

Follow the TVR signs for some great deals!  Please feel free to contact the office for more information.

Remember, the deadline to close on a home and still receive the First Time Homebuyer Tax Credit is December 1, 2009.  It typically takes anywhere from 30 to 60 days to close on a home once you’ve found the one you like and have made an offer that gets accepted.  Keep this time frame in mind during your search . . . you don’t want to be left in the cold on December 1st.

For More information, click the link below or contact the professionals at TVR.

First Time Homebuyer Tax Credit 2009

There are great opportunities in the Teton Valley area for first time home buyers.  Always remember you can use the Property Search on the TVR site or Contact your TVR Agent for a specific search request.

In Teton Valley, the 4th of July is celebrated in style!  The Summer Festival includes 4 days of entertainment to locals and tourists alike.  From the Hot Air Balloon Rally to the Fiddler’s Contest, Parade, Community Breakfast, to the Fireworks, this a weekend that will guarantee fun for all!  For a Calendar of Events, click here.

For more information click here.

This Photo was taken in Victor During the Hot Air Balloon Festival - Teton Valley 2008

A Yahoo! news article yesterday states that a Federal Reserve snapshot of economic conditions issued Wednesday found that five of the Fed’s 12 regions said that the “downward trend is showing signs of moderating.”

Many analysts predict the economy is sinking at a pace of between 1 percent to 3 percent in the current quarter. If they are right, that would mark a big moderation from the steep declines seen since last fall.  Although there hasn’t been a “substantial increse” in business activity, it looks like we might be on the track to recovery.

Several associates had the opportunity to play at the wonderful Headwaters Club at Teton Springs Monday, June 8.  This 780 Acre master-planned golf community is a family friendly development in the heart of the Rocky Mountains.  Teton Springs offers more than just golf (an 18 hole championship course, 9 hole par3 course and practice facilities), features also include 3,000 square foot swim/tennis club that has two tennis courts, a heated swimming pool, and locker facilities, as well as massage, nordic skiing in the winter, the whole family can experience the quality and timless traditions of Teton Springs.

Ownership options are varied in this unique development, and include fractional ownerships wherein the yearly dues allow owners to use all Teton Springs facilities; single family ownership, and condos.  For more information about this wonderful course, contact your TVR Agent today!

Mandy Rockefeller tees off at the par 4 15th hole at the Headwaters Club.