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Last Updated On - May 26, 2010
Notable Closed Sale of the Week  | | | Finely appointed home | |
ASPEN HIGHLANDS HOME SOLD
Address: 540 Pine Drive- Jackson WY
Sold at 89% of original list price
This town of Jackson home just closed on May 19th. This 2,000 square foot, 3-bedroom, 3 bath house was sold fully furnished with exceptional pieces provided by Teton Valley's top interior designers! Views of the Teton Range, National Elk Refuge, Snow King and town below.
Sold by The Gillespie Real Estate Team
Email us for other closed sales in the area: gandcgillespie@NUMBER1EXPERT.com
Price Reduction of the Week  | | | Hotel Terra | |
HOTEL TERRA - JUST REDUCED
Address: Unit 223 in Hotel Terra, Teton Village, WY
Original List Price: $1,195,000
New Reduced Price: $849,500 (That's a 30% price reduction!)
Best Priced Terra Unit on the market! 2 bedroom, 3 bathroom, lock-off unit (which means you could stay in one half and rent out the other half). This eco-friendly condotel comes with furnishings, flat screen tv, full kitchen, and all the amenities of a boutique hotel - easy to rent out!
Listing Agent: The Gillespie Real Estate Team, Sotheby's International Realty
Email Us: gandcgillespie@NUMBER1EXPERT.com
 | | | Teton Views! | |
TETON VIEWS WITH TOWN LOCATION
Address: 485 Henley Road, Jackson, WY
List Price: $995,000
This bright and sunny hillside home bordering National Forest has 3 bedrooms, 3.5 bathrooms and an attached heated 2 car garage with plenty of storage. Enjoy access to the Cache creek forest trail system from your back door. All 4 bathrooms have in floor heat, travertine and marble surfaces. Stone entry and wood floors throughout.
Listing Agent: Jennifer Kronberger, Sotheby's International Realty
Email Us to find out more about this new listing and other properties for sale in Jackson: gandcgillespie@NUMBER1EXPERT.com
If you would like to know more information about these listings or other top picks please contact the Gillespie Real Estate Team at 307-739-8056 or fill out the quick form below. 
Closing or Settlement >The Good Faith Estimate
When you buy a home, you will pay "closing costs" in addition to the down payment. These costs include the "points" you pay on your mortgage loan, title and hazard insurance, the title search, legal fees, and other charges imposed by the lender. These charges vary by state and county, but they usually represent a considerable amount of money.
Your real estate agent can tell you about the closing costs in your area. Ask your agent for some general figures when you begin your search for a new home, and use this information as a guideline. When you apply for your loan, the lender is required to provide you with a "good faith" estimate of the closing costs. The lender's good faith estimate is usually close to the actual amount, since the sales contract will have the price and terms of your new home spelled out. As the closing approaches, your real estate agent will give you a final figure for the check that you will bring to the closing table.
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| Q |
What does the term ARM stand for?
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| A |
An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market. |
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- NUMBER1EXPERTS™ 
