FOR SALE:  Historic Ogden Victorian

March 5, 2016 Posted by: Jeremy Peterson

I recently listed this architectural gem for sale in Downtown Ogden.  The home is enormous with over 4180 SQFT, 6 bedrooms, and 4 bathrooms.  The home sits in a prime location just a block from The Junction and is walking distance to Historic 25th St., the River Parkway, trails, recreation, shopping, worship centers, and so much more.   The home was constructed in 1897 and was subdivided into apartments sometime in the 1920’s.  It was subsequently consolidated back into a single family home and has this configuration today.  The owners […]

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Posted In: New Lisitngs

Historic Home Remodeling: Our Craftsman Bathroom

February 28, 2016 Posted by: Jeremy Peterson

Our home was built in 1908 and is a fantastic example of Arts & Crafts era architecture.  The Arts & Crafts design movement, also known as Craftsman, began as a counter-culture movement against the gaudy mass-produced opulence of Victorian Era design.  Rather than over-the-top finials, curves, and infinite minute details, the Arts & Crafts architects designed homes that were square, simple, and geometric.  The genre also favored a recognition of nature. When our home was built, it came with only one full bathroom and a weird sink placed in a […]

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Posted In: Miscellaneous

The 4 Secrets of Successful Seller Financing

February 25, 2016 Posted by: Jeremy Peterson

  Seller financing is a topic that ebbs and flows in popularity depending on market conditions.  Back in the early 1980’s when mortgage rates hit 18%, buyers were priced out of the traditional money markets and sellers began offering their own financing terms to get their homes sold.  My parents purchased a home this way when I was a young lad during that time.   More recently, the Great Recession saw rates plummet while mortgage lenders went out of business.  Such conditions left willing buyers and sellers flummoxed and wondering […]

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Posted In: Real Estate News

JUST SOLD!  Grandview Estates Townhome

February 8, 2016 Posted by: Jeremy Peterson

I just closed on the sale of this townhome in the Grandview Estates development near Weber State University.  In this transaction, I represented a first time homebuyer who was looking for an affordable place to live. While searching for properties we looked at several condominiums and townhome communities.  Unfortunately, one of the problems we ran into was that many communities were not found on the FHA approved list.  This narrowed our list to just a few communities that would meet her needs. Ultimately, we found this property at Grandview Estates. […]

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Posted In: Sold Listing

OGDEN RISING:  Scenes of Rejuvination

January 22, 2016 Posted by: Jeremy Peterson

  Ogden continues to be a city in metamorphosis.  Here are a few photos that illustrate the ever increasing investment in Ogden’s Downtown neighborhoods: This victorian home located on the 26th block of Madison Ave. was converted into an unseemly triplex many decades ago. Fortunately, a new owner renovated the property and restored it back to single family use.  Quite a remarkable difference!   I listed and sold this property last year to an investor who wanted to restore this 1880s Victorian building.  The building was abandoned and configured into […]

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JUST SOLD!  Historic Jefferson Ave. Area Victorian Restoration Project

January 8, 2016 Posted by: Jeremy Peterson

I just closed on the sale of this home with some buyers.  Located at 659 26th St., this property dates back to 1903 and reportedly was owned originally by the Browning family.  The home sits just a half block from coveted Historic Jefferson Ave.   The home itself has had an interesting life in recent years.  The building was converted into a commercial space which included the owners boarding over windows on the exterior and sheetrocking over them inside.       The upstairs also had been modified to accommodate complete living […]

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Posted In: Sold Listing

PHOTO GALLERY:  Wacky Scenes From The Housing Market – January 2016

January 4, 2016 Posted by: Jeremy Peterson

While my clients and I hunt for homes, we get to giggle a little along the way.  Here are the latest scenes to tickle our funny bone: NOTE TO THE CLEANING CREW:  Don’t forget the ceiling fan!   “Don’t mind this basement bedroom. Just think of it as artistically textured.”   Has your bedroom door ever had that gnawing feeling?   The sellers are trying to ‘stimulate’ a sale.   This home also comes with a servant that feeds you grapes while you bathe.   Wow!  Funky oven-in-the-face makes me […]

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Posted In: Miscellaneous

JUST SOLD!  Ogden Brick Bungalow

December 30, 2015 Posted by: Jeremy Peterson

I just closed on the purchase of this cute brick bungalow home in Ogden for some clients.  This 1917 home is located in the Lorin Farr neighborhood at 452 Canyon Rd. and has a 3 bed 1 bath configuration.   The home was previously used as a rental property and was owned by an out of area investor.  The property has been spruced up lately and my clients fell in love with is ample room and affordable sticker price.  The property was listed for $85,900 and had been on the […]

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Posted In: Sold Listing

LOW APPRAISALS:  What are your options?

December 29, 2015 Posted by: Jeremy Peterson

  One of the fastest ways to derail a real estate transaction is to have the appraisal come in lower than the contract sale price for a property.  We like to think of the real estate market as the bastion of the free market.  Buyers and sellers can transact freely and negotiate terms that are acceptable to each of them.  However, given that mortgage lending is required for the majority of real estate transactions, there can be some hang ups when a lender gets involved.   Mortgage lenders are educated […]

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Posted In: Miscellaneous

JUST SOLD!  South Ogden Tri-Level Starter

December 28, 2015 Posted by: Jeremy Peterson

I just recently closed on the sale of this South Ogden home with some first-time home buyers.   My clients were hoping that shopping during late Fall would help them find a better bargain than during the more active selling seasons of Spring and Summer.     We toured homes all over Weber County while looking at homes in a particular price range.  We found a variety of homes in varying states of repair.  Some were complete fixer-uppers in nicer neighborhoods while others were smaller homes in superior condition.   […]

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Posted In: Sold Listing

December 18, 2015 Posted by: Jeremy Peterson

Landlords want rents to be as high as possible.  Tenants want rents to be as low as possible.  So somewhere in the mix, rents are established that meet the needs of both parties…or so it would seem.  The free market of housing works pretty well most of the time.  But sometimes, for sociological reasons, things don’t work out well for either party.     The Salt Lake Tribute recently posted this political cartoon lampooning the plight of tenants. It made me laugh.  But the caption at the bottom was disturbing. […]

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Posted In: Property Management

JUST SOLD!  Brick Triplex Investment

December 15, 2015 Posted by: Jeremy Peterson

I just closed on the sale of this brick triplex property in Ogden. While the building looks like a house, it was originally constructed as 3 units with a single bed unit upstairs, a 2 bed unit on the main level, and a spacious 1 bedroom basement unit below.  The building generates $1,800 in rents with the owner paying for water and joint gas utilities.  This property boasts an ROI of around 13% annually.   We originally listed the property for sale in October 2014 for $164,900.  The property sat […]

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Posted In: Sold Listing

CHART:  Hottest Seller’s Market…But For How Long?

December 2, 2015 Posted by: Jeremy Peterson

One of the market indicators that helps us track the real estate market cycle is “Days On Market” (aka DOM).  This is a simple measurement that tells us how long a home is marketed for sale before an offer is accepted on the property.  It marks the time between the home being officially put up for sale and the seller signing a purchased contract with a buyer.   As such, it is a measure of demand and tells us how “hot” or “cold” the market is in any given moment. […]

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Posted In: Research

PHOTO GALLERY:  Wacky Scenes From The Housing Market – November 2015

November 30, 2015 Posted by: Jeremy Peterson

Just when you thought you had seen it all… When staging your home for sale, put away your creepy clown masks, or close the closet door…or both.   Need to use the bathroom? It’s a lot easier to make a convenient pit stop on your way to the basement.  Doors, you say?  Who needs doors?   Ummm…..   The only think missing here is marinara sauce.   This is how you know your handiman purchased the EXACT amount of flooring material to do the job…but still not enough to do the […]

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Posted In: Uncategorized

Things To Do In Utah:  Hiking to Scout Cave

November 23, 2015 Posted by: Jeremy Peterson

  Our family recently took a trip to St. George to decompress before the busy holiday season.  While we were in the area, we decided to explore some of the trails in the nearby wilderness.  Our quest took us to the Scout Cave and Johnson Canyon Arch trailhead just south of the entrance to Snow Canyon State Park. While the trail is pretty obvious at the early onset, the trail becomes more difficult to navigate moving forward.   As usual, southern Utah has an ‘other worldly’ appeal that is unique […]

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Posted In: Outdoors

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