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How Old Bill's Fun Run Helps Jackson Hole Causes

by Teri McCarthy

Old Bill's Fun Run For Charities

In Jackson Hole, the season of giving begins long before winter. Old Bill’s Fun Run for Charities is a Jackson Hole tradition, celebrating philanthropy and community through a spirited and innovative challenge to raise money for more than 200 local nonprofit organizations. Old Bill’s Fun Run for Charities is held the second Saturday of each September on Jackson Town Square. This year’s events will take place on September 7th. 

Jackson Hole WY Old Bill's Fun RunThe first Fun Run and donation-raising campaign took place in 1997 when an anonymous couple known only as Mr. and Mrs. Old Bill put forth a philanthropic challenge to the community of Jackson Hole to raise money for nonprofit organizations with the promise of matching the community’s donations. 

The first year, they matched the community’s efforts donating almost $800,000 for a total of just over $1.8 million. Since then, Old Bill’s Fun Run has become a Jackson Hole tradition and the annual donations raised have increased year after year, with a total of $8.3 million raised in 2012.  This year, we’re going for $9 million, an amount that would bring the total raised since the event’s creation to more than $100 million.  

How does the Fun Run benefit nonprofits?

This truly unique and impactful fundraising challenge begins with a donation of $500,000 each year by Mr. and Mrs. Old Bill. This donation is then matched by the Jackson Hole Community Foundation using funds from donors called Co-Challengers. 

Nonprofits that meet the necessary qualifications are then able to raise individual donations, of which the Community Foundation will match the first $25,000. Additional funds are given to nonprofits through a semi-annual competitive grant.

kids paint on old bill's horse

The Fun Run and Walk is the culmination of the months of effort from nonprofits, donors and community members to raise money and raise spirits in Jackson Hole. On the day of the event, the community comes together to celebrate with friendly competition, entertainment, food, and festivity. 

Runners and walkers can participate in a 5K or 10K race. The event features a recreational division for runners and walkers that just want to have fun and a competitive division where participants are timed. 

Registration is free for both recreational and competitive walkers and runners if registered prior to race day. Registration on the day of the race is $20 and is available for recreational participants only.   

Making a donation

You can donate to a nonprofit online through the Community Foundation of Jackson Hole and make a donation directly to the organization(s) of your choice.  All Jackson Hole non-profits are listed on the website. After you donate, you’ll receive a tax receipt from the Community Foundation and 100% of your donation will be given to the organization(s) you choose. 2013 Old Bill's donations are accepted through September 13, until 5 pm. 

Your family or business can also donate by becoming a Co-Challenger, contributing to the pool that will match, along with Mr. and Mrs. Old Bill, the total raised by the community. Co-Challengers can donate at the $25,000, $35,000, $50,000, $75,000 or $100,000 level. 

The season of giving in Jackson Hole has already begun. Join in the spirit by making a donation, and we’ll see you at Old Bill’s Fun Run on September 7th. 

Beat The Competition With A Winning Offer

by Teri McCarthy

Top Six Tips For Making a Winning Offer

      The Jackson Hole real estate market is steadily heating up as there are fewer available properties listed for sale and buyers are finally getting off the fence in an attempt to buy their "piece of Jackson Hole" before prices rise.

In some segments of Teton County's real estate market, available property listings are dwindling fast, and we are seeing more and more multiple bidding situations. As an Accredited Buyer Representative (ABR) and top Teton County Realtor for the past 23 years, I would like to share my six best tips for increasing your chances of making a winning offer, should you find yourself in a bidding war.

 
 
Preparation Pays Off
Always be prepared well ahead of making your offer. When you are looking at homes, you never know when the right one is going to hit you and you will want to make a move before too many others discover it as well. 
Upon making an offer, Cash buyers may need to provide POF, Proof of Funds, a letter or statement from your bank or financial institution such as:
  • Certified financial statement
  • Bank statement
  • Open equity line of credit
Note: Before handing over your POF, remove or use a black marker to obliterate any sensitive personal information such as your social security number and account number.
 
If you will be seeking financing, talk with your lender, prior to making an offer to get pre-approved and request a pre-approval letter to submit with your offer.  Since you might be bidding against cash buyers, and cash buyers are more common than not in Jackson Hole, you will be in a stronger position if your offer is not contingent upon financing, but there is risk so consult with your mortgage broker to be certain you are well within your limit and that there is no doubt you will get the mortgage. 
 
Hire a Top Jackson Hole Realtor
You know the 80-20 rule. Eighty percent of the business is done by 20% of the agents.  These agents are in the game daily; it is their full time and only job; and they are consistently networking with mortgage brokers, inspectors, contractors, architects, and appraisers.  With a local, top 20% Realtor who is an Accredited Buyer Representative (ABR) on your side will not only help your chances of having the winning offer, but the escrow will be smooth and stress-free. 
 
Be Market Savvy
Have your buyer’s agent show you market values of similar properties.  He/she will provide you with a market analysis showing what other comparable properties have been selling for.  This is critical in Jackson Hole, since Wyoming is a non-disclosure state with regards to real estate sold prices. It is important to have a buyer’s agent on your side, and not to rely on the listing agent, since the listing agent represents the seller and is working in the seller’s best interest, not yours. 
 
Make a Strong, Clean Offer
When you are up against other bidders, and you want the property, give your highest and best offer. You may not have another chance to raise your bid.  Many times the highest bidder wins.  You might kick yourself if were outbid by a few thousand dollars when you would have gladly paid the price of the winning bid.  With such few Jackson Hole property listings, it may be awhile before another acceptable property comes on the market and, by then, prices could be higher. 
 
If you have no emotional attachment to the property, and there are other acceptable properties, make a reasonable offer, knowing the top dollar of what you are willing to pay, before you get into the bidding frenzy.
 
I always advise my buyer clients the importance of making a clean offer.  A clean offer is one that is a cash purchase or pre-approved mortgage, without a lot of contingencies, and a fair amount of earnest money that shows you are a serious buyer.  Note: Contingencies acceptable to most Jackson Hole sellers are title review and home inspections.  In a seller’s market, with bidding wars, most sellers are reluctant to accept an offer with a contingency that the buyer needs to sell their home before they can purchase another.
 
Accommodate the Seller's Needs
Try to be mindful of the seller's needs by being flexible, if possible, in your offer. For instance, Mr. and Mrs. Seller have kids in school and you know they would prefer to stay in the home until their children can finish up the school year. You might give them the option of "renting back" the home for a few months after closing, or extend the closing to a date that would be preferable to the seller. The seller might be willing to accept a lower price if it keeps peace in the family.
 
Start Your Due Diligence Now 
Once your offer is accepted, you will have a strict timeframe by which to complete all of your due diligence.  Start interviewing inspectors now. I have a comprehensive list of local inspectors, engineers and contractors.
 
Besides building and property inspections, you will have a title commitment to review, and you may have subdivision Covenants, Conditions and Restrictions CC&Rs, meeting minutes and budget to review.
If you think you might be building in Teton County,  either new construction or an addition, you will want to look over the 2012 Jackson/Teton County Comprehensive Plan and the Teton County Land Development Regulations (LDR). The Town of Jackson has Design Guidelines.
By starting your research now, not only will you be prepared to move quickly to complete your due diligence, but having some knowledge upfront may help you with questions you might not have otherwise thought of.  It will also show the seller you’re committed, serious, and will set an expectation that the rest of the transaction will go smoothly. 
 
      In my 23 years selling real estate in Jackson Hole, I am blessed to have had the privilege to represent many successful buyers, from investors to vacation home buyers to first-time home buyers.
 
      Recently, I helped two different buyer clients compete with multiple bidders, and both won the contract. Their families are now enjoying their new homes, one in Teton Village and the other in Jackson. I am always happy to provide references. Please call me 307-690-6906 if I can be of assistance in your search for Jackson Hole real estate. Teri McCarthy, ABR
 
 

 

Teton County Delinquent 2011 Tax Sale
 
Nearly 300 Teton County Wyoming property owners could have a tax lien placed on their property unless they pay up by August 7, 2012.
 
Teton County's annual delinquent 2011 tax sale will be held on August 8, 2012.  If you’re older than 18 years you are eligible to buy tax liens on delinquent properties during the sale. Just pay the outstanding tax balance and you will be first to be re-paid, including up to 18% annual interest, before the property can be conveyed.  After five years, if you’re still holding the property, you can start proceedings to take it over.
 
Delinquent property owners can pay the back taxes at any time but must also pay interest.
 
Property tax liens to be sold are published in the Jackson Hole News & Guide, legal section, the weeks of July 11, 18 and 25 or see the complete list of delinquent tax properties. The properties, commercial and residential, are located in Jackson, Wilson, Teton Village, Moran, Hoback Junction and Alta, Wyoming.
 
For more information: Teton County Treasurer 307-733-4770
 
 
 
 
 
 
 
 
 
 
 

 

What Is Your Home Worth?

by Teri McCarthy

 

What is my home worth?  This is the most frequently asked question I’m hearing these days. We have seen the national real estate market begin to rebound, and expect Jackson home values to soon start to reflect movement as well. Most local homeowners are in the habit of keeping an eye on area home values. But especially for anyone considering buying or selling this spring or summer, estimating their home’s value is one of the first items on the agenda. 
 
To get you started, there are a couple of different methods to help establish a ballpark estimate of what your home may currently be worth.  There are two good online options to determine the current value of your home, both free and without having to speak with a Realtor. The quickest is a market report that is generated automatically and emailed to your inbox. Click here for a sample report.  Then just complete and submit the form at www.TetonHomeValue.com with your property address.
 
Another great option to determine the value of your home, condo, townhome or vacant land in Teton County, Wyoming is www.HomeValuesInTetonCounty.com.  Both methods use the Teton Board of Realtors MLS data combined with Teton County public record data to produce an estimate of home values. 
 
While these calculators are great at aggregating data, nothing replaces human input.  Real estate is, after all, the very definition of a local occurrence, so if you’re looking for more than an estimate, or you have a very special property, it may be time to call a local expert.  When an experienced agent creates their professional estimate, it not only takes into account the trends for properties closest to yours, but also incorporates real life features -- such as the curb appeal your home and garden offers right now. The better kept your property is at any given time, the greater its estimated value should be. An agent can also suggest the small changes that work best to enhance a property’s value.
 
If you have been considering selling a home and are curious about today’s home values in Jackson Hole and the surrounding communities, call me anytime for a complimentary consultation! 
 

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Whether you’re relocating to Jackson Hole, or want to buy a vacation home, primary residence, second home, resort property, condo, townhome, land, horse property, Teton view home, golf estate or ski-in/ski-out home, you’ll find all Jackson, Wilson, and Teton Village real estate listed for sale here. You need an advocate, a buyer's agent to represent your best interest, with confidentiality, Teri will you acquire a Jackson Hole property for your 1031 exchange, investment, second home or future retirement.  Take advantage of the many tax benefits of Wyoming residency. Already own a home in Jackson Hole?  Interested in knowing the value in today's market? Thinking about selling? Talk with Teri about creative marketing to attract qualified buyers for your home.  Teri McCarthy is the Broker/Owner of Jackson Wyoming Real Estate.  Teri holds the designations of ABR (Accredited Buyer Representative), CRS (Certified Residential Specialist) and RSPS (Resort and Second Home Specialist) matching buyers and sellers with Jackson Hole properties since 1989. All rights reserved 2015 Teri McCarthy Inc and Teri McCarthy, Realtor, ABR, CRS, RSPS.