First Time Home Buyers

Up Close and Personal with John and Angela Teller, New Homeowners

This past week I had the privilege of representing a first time home buyer. What made it exciting for me, is that they were friends of my children.  There has been quite a few of my kids friends that have moved away from Mammoth Lakes upon graduating from high school.  Many of them have obtained their college degrees, and then out of their choice they have moved back to the Eastern Sierras.

The couple I am referring to is John Teller and Angela Dessert Teller.  John was born and raised in Mammoth, and Angela has lived in Mammoth from the tender age of 1.  John’s folks and even grandparents own businesses in Mammoth.  Angela’s folks and now her Dad manage Snowcreek I and III.

Angela graduated from UCSB with a major in Communications and a minor in Exercise health and sciences.  That makes her a perfect match for John, who stayed in Mammoth to hone his skiing career.  He was an avid Alpine racer, took a break for a few years, and then about 5 years ago feel in love with SkierCross.  He has been very successful in this event earning a Gold Medal at the X games in 2010, ending up in 4th place in the World Cup standings in 2010 and 2011.  He has also had several World Cup 1st place finishes.  He was the 2013 US Men’s National Champion.

This next season, assuming he gets 2 top 12 finishes or 1 podium place finish, he will qualify for the Winter Olympics 2014 Skiercross competition.

John and Angela are committed to staying in the Eastern Sierras and had been saving for their down payment for 5 years.  They had been watching the market and saving their money until this past August when they decided they had found their “gem” and ended up purchasing a home in Crowley.

While they were renting, they made some sacrifices, with the end goal of saving money to purchase their own home so that they can raise their family here and continue the tradition of parents and grandparents all staying in our small community.

As with all big decisions, it was initially an emotional roller coaster (to say the least) for Angela.  In fact, the first weekend after their offer had been accepted, John went deer hunting, and Angela got so nervous she called me to ask me to withdraw their offer.  With all the traveling that John does in the winter for his Skiercross competitions, she was concerned that they wouldn’t have enough money due to his traveling expenses.  When he got back from his hunting weekend, he calmed her down and said, “no matter what you do in life, hard work always pays off.”  He has come from a family that has modeled that his whole life.  His Dad is part owner of Mammoth Chevron and his Grandparents own Alpine Garage.  John works as a mechanic when he isn’t training or competing.

So after talking about the purchase again, and realizing that they wanted the dream of home ownership, they made the decision to move forward, knowing it might mean some sacrifice.    John has been excited and supportive of their decision to buy, while Angela is the one that actually does all the paperwork.  That is the part that isn’t so much fun, but certainly necessary.

By deciding to purchase in Crowley, after looking in both Mammoth and Crowley, they were able to find a  3 Bedroom/2.5 Bath home a 2+car garage, plenty of parking for their camper, snowmobiles, boat, a fenced in yard with a pond, garden area, fruit trees and views!  Even their dog Rusty, a Jack Russell, feels he has come home!

John now has a place to keep his skis tuned and with a half bath in the garage, he can stay down there for hours.

Once we got into escrow, the process went smoothly.  Part of the small town feel of a purchase became evident as their friends were able to help them through the inspection process.  The inspection process is an important part of the buying process and should not be overlooked.   The seller even brought pears from their pear tree to Angela during the escrow

With Angela working for Union Bank in the loan department, she now knows firsthand what is required when purchasing a home.  Union Bank is being more aggressive about getting into the mortgage business and has several home loan programs.  They have an Economic Opportunity Mortgage loan which is similar to an FHA where the buyer can get in with just 3% down.

Angela’s job at Union Bank includes assisting others with their lines of credit, and mortgages.  Now she knows firsthand the process from beginning to end.

Please feel free to call Angela if you are looking for a mortgage.  She can be reached at Union Bank, 760 934-2547 and would be happy to help you make your dream come true too.

As locals who had a close and constant look at our market, they knew that now was a great time to get into Mammoth or the surrounding area.  Prices and interest rates are still low.

I will keep everyone updated on John’s Skiercross progress this season and am looking forward to having another Olympic Athlete make their home in the Eastern Sierras.

As John believes, “No matter what you do in life, hard word always pays off”

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