Bozeman Montana Real Estate Information Archive


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Home Buyer Testimonial for Tim Hart - October 2015

by Tim Hart

Finding a house in Bozeman from Temple, TX, appeared complicated.  My possibilities for being on the ground in Bozeman (with my wife) would be limited.  I needed more than just help.  I needed someone who would listen to my needs, be respectful of my budget, and who cared more about the best fit for us than the best deal for him.  I needed someone I could trust, someone who was willing to do (more than) a little extra.

When I met Tim Hart I sensed that I had found my man, and my experience with him over the past year have proved him to be the best agent I could have possibly had.  My first encounter with Tim was through his website, one of the most most user-friendly sites I had found in my frantic searching.  The website led to phone conversations.  I finally got to meet him personally and felt completely at peace with his style.  He is extremely knowledgeable of the market in this area and knows each neighborhood's distinct characteristics.  After a couple of viewings he had an uncanny sense of what we were looking for.  If we insisted on viewing a property that he was not optimistic about our satisfaction, his instincts proved true every time.  And yet he was patient and NEVER pushy.  He gave us the time we needed to make decisions that pleased us.  We love our new place!

However, finding the house we wanted was only the beginning.  Perhaps people relocating across town have a much simpler time of transition and need little extra assistance.  We were 1500 miles away and totally handicapped when imagining how to put everything together.  Tim made it happen.  First, we had trouble with our mortgage broker.  We had been approved through underwriting for a mortgage amount above what we were going to need.  It seemed simple.  But then the broker hit us with the news that they couldn't finance the home because it was a part of a condominium complex that was only 63% complete.  The home is actually part of a duplex in a neighborhood with a broad Home Owners Association that functions as a condo. The final project will be the addition of more quality homes like ours.  It didn't matter.  We were stuck.  Tim to the rescue!  He got us in contact with a local bank's mortgage broker and everything eventually came together.  He also managed the local connections for inspector, appraiser, blind contractors, and cabinet contractor (we had requested additional cabinets as a condition of sale).  He even introduced us to managers of a couple of furniture stores and gave us a tour of The Ridge Athletic Center!  An issue I would have never thought of for the inspector was a Radon gas test.  Tim insisted on it.  Good thing!  Our basement had levels above the recommended level and Tim had us include a Radon gas exhaust system as a condition of sale.  Now we are safe as well.

Tim is a professional, but also a great human being.  He cares about people and he works hard easing their load during the stressful times of transition.  I have worked with good agents several times in Texas and Saskatchewan, but Tim Hart has been the one with whom I have felt the most comfortable. I feel like I am more than just a client.  I not only have a new home in Bozeman, I have a new friend! 

~Bill Fowler

Million Dollar Home Sales Increasing

by Tim Hart

Over the 2014 year in the United States, the number of 1 million dollar plus home sales rose by 8 percent. Million dollar and up homes have seen a much faster recovery than any other price point. In fact, sales for million dollar and up homes are now almost comparable to prices seen during the housing peak in 2007.

Housing analysts believe one reason why the surge has occurred has been the increase in jumbo loans being given to high priced buyers. A jumbo loan is a loan that exceeds $417,000, or in very high priced areas, $625,000. Total dollar volume for jumbo lending has grown to 20% of the total of all home loans. Jumbo loaning hasn’t been this popular since 2002.

In general, most of these million dollar homes are often sold in very small geographical areas. In many cases, the location actually creates the million dollar home. For example, the coast of Washington state has many million dollar plus homes, but it is on the waterfront, in the heart of Seattle, where even the most humble of homes can rise above a million. Big Sky, in a way, follows a similar pattern but is not at such high volumes.

Rising sales and rising prices at any price level is good news. Hopefully, the rise in million dollar home sales is a preview for what may be coming at lower price points.




Both Big Sky and Bridger Bowl Resorts both set records for skiers.  Bridger Bowl saw 217,000 skiers this season overturning the previous mark by 3%.  Big Sky saw more than 450,000 skier visits overturning the previous mark by over 100,000 skiers!   Snow fell early and often with snowpack levels well above 100% levels in all areas in Big Sky and the Gallatin Valley.

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