LANDLORD CHALLENGE:  Screening for Trouble

November 13, 2015 Posted by: Jeremy Peterson

Property Management is something of a renaissance profession.  It requires a knack for accounting, people skills, and a healthy ability to accurately predict risk.  I find the work intellectually fascinating as it merges sociology and economics into a real world experience.  If you ever want to know what is really going on in the world, become a property manager.   One of the great challenges that landlords face is dealing with trouble tenants.  In our 11 year history of managing property, we have only had to formally evict one of […]

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Posted In: Property Management

JUST SOLD!  Seller Finance Craftsman Fourplex

November 12, 2015 Posted by: Jeremy Peterson

I just closed on the sale of this interesting fourplex located at 2943 Porter Ave. in Ogden. We listed this property in April for $174,900.  The owner had some particular objectives he wanted to achieve and it necessitated us only selling the property via seller financing. We received our first offer just days after listing the property.  This initial offer was at $169,900 and we went under contract.  Unfortunately, the property was in a state of flux as tenants were coming and going and work was being performed on the […]

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Posted In: Sold Listing

Historic Ogden:  Exploring The Forbidden Parts Of Union Station

November 10, 2015 Posted by: Jeremy Peterson

Recently, the Union Station Foundation reached out and invited me on a tour of the Union Station building.  The building is the cap to Historic 25th Street and since I have been there many times, I didn’t think there was too much to see that I hadn’t seen already.  Well, on this trip they had a special surprise.   As a quick review, the current Union Station building was rebuilt quickly after the Victorian version burned in 1923.  Reconstruction began in April 1924 and the building was opened in November […]

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Posted In: Local History

JUST SOLD!  Ogden Investment-Grade Cottage

November 5, 2015 Posted by: Jeremy Peterson

I just closed on the sale of this investment-grade property located in Ogden at 2633 Liberty Ave. This home has been used as a rental property for a very long time.  The seller purchased it from the bank during the market trough back in 2011.  After renting it out for several years, the seller decided to liquidate the property. This 4 bed 1 bath home was renovated with new paint and some basic repairs.  We listed the home for $74,900. Within a week, we received a cash offer at list […]

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Posted In: Sold Listing

JUST SOLD!  Historic Two-Story Craftsman Home

Posted by: Jeremy Peterson

I just closed on the sale of this listing that came on the market less than two weeks ago.  This particular home was owned by the same family since 1940.  Over the last 75 years, the home has pretty much been left intact with the exception of some carpet installation and bathroom remodels done in the late 1970’s or early 1980’s.  The water heater on this home had an installation date of 1979. The property needed some significant TCL given the age of the systems. There had also been cats […]

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Posted In: Sold Listing

JUST SOLD!  South Ogden Home With Accessory Apartments

October 29, 2015 Posted by: Jeremy Peterson

I just closed on the sale of this very unique property located in South Ogden, Utah.  This particular home was constructed originally with one accessory apartment and a separate office space attached to the main living quarters.  Later, the office was converted into a separate apartment thus making the home a triplex. I sold this property to the owners back in 2007 and they made the largest unit their home for the past 8 years.  A change in lifestyle required them to sell the home so they could continue on […]

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Posted In: Sold Listing

FOR SALE:  Historic Two-Story Craftsman Home

October 26, 2015 Posted by: Jeremy Peterson

I just listed this amazing example of Craftsman architecture located at 515 24th St. in Ogden, Utah.  The home was originally the residence of the minister for the Presbyterian Church next door.  The church is no longer there and the home was sold long ago to the current owners.  But, current owners have lived in the property for over 50 years and it shows in the integrity of the original woodwork, casings, fireplace, and other fine finishes.   Unfortunately, the owner lost the ability to update and keep up the […]

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JUST SOLD!  Ogden Mid-Century Cottage

October 16, 2015 Posted by: Jeremy Peterson

I just closed on the sale of this one-level home in Ogden.  I listed this home in mid-September at $115,900.  At the time, I had a young couple I was working with who were also in the market for a starter home in the Ogden area.  Once the property was ready and on the market, I notified them of the opportunity and they immediately came to look at the home.  We submitted an an offer at list price that evening. The buyers also requested $2950 in seller paid closing costs […]

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Posted In: Sold Listing

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

October 14, 2015 Posted by: Jeremy Peterson

The real estate market is an endless source of entertaining treats.  Here are some morsels I spied while visiting properties with clients.   Nothing says “freaky” like textured ceilings done in a hands-and-feet motif.   A rare collision of refined elegance, fuzzy toilet lids, and bathroom carpet.   Security system FAIL.   Well, that is one way to set up your swamp cooler… Tired of that antique patina on your historic home’s woodwork?  Spray paint it.   Introducing the Spartan Kitchen (with accessory flame-out water heater).  Minimalist sheek. Remember that […]

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Posted In: Real Estate News

FOR SALE:  Historic Victorian Cottage

October 9, 2015 Posted by: Jeremy Peterson

I just listed this cute brick Victorian Era cottage located next to the Jefferson Historic District in Ogden.  The home was constructed around 1907 and has over 1500 SQFT on the main level of the home.  The interior boasts original woodwork, fireplace, decorative lead glass, tall ceilings, and recently refinished fir floors.  There are 2 beds and 1 bath in the home with a bonus room that could serve as a bedroom with an armoir.  The kitchen and bath have both been updated recently.  Both spaces have travertine floors. The […]

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Posted In: New Lisitngs

VIDEO SEMINAR: Smart Investing and Estate Planning In Today’s Real Estate Market

October 8, 2015 Posted by: Jeremy Peterson

I recently hosted a meeting for real estate investors to discuss current market trends and identify investment strategies.  Josh Irvine also took some time to discuss estate planning and how to properly arrange business structures to protect against liability risk.  The meeting was well attended and we had some very good questions asked. Here is the video of our presention:                            

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Posted In: Real Estate News

FOR SALE:  Ogden East Bench Bargain

October 1, 2015 Posted by: Jeremy Peterson

  I just listed this amazingly low priced property on Ogden’s East Bench.  Located at 1232 25th St. just east of Harrison Blvd., this home was constructed in its original form sometime around 1915.  In the 1920’s the attic was finished out into livable space and doubled the size of the home.  The property is over 3160 SQFT.  We have listed the home at an attractive $153,500.   The home sits on a quaint .14 acre lot.  The garage at the end of the driveway is at a crossroads in […]

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Posted In: New Lisitngs

JUST SOLD!  Downtown Ogden Cottage

Posted by: Jeremy Peterson

  I recently closed on the sale of this property I listed in Downtown Ogden. This home is located at 578 24th St. just  a couple blocks from Washington Blvd.  It is walking distance to everything cool about Downtown Ogden.  The home is unique in that it would qualify as a tiny home.  Its livable footprint is only 850 SQFT. Interestingly, the sale of this home is an excellent example of what is happening in the housing market in general.  When the seller asked me to do a market analysis […]

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Posted In: Sold Listing

PHOTO OF THE DAY:  Super Blood Moon Over Ogden

September 27, 2015 Posted by: Jeremy Peterson

 

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Posted In: Miscellaneous

REAL ESTATE INVESTMENT:  A Look At Current Market Trends

September 23, 2015 Posted by: Jeremy Peterson

Real Estate is a powerful tool for creating wealth.  It is a relatively stable investment that can be used to reduce tax burdens, improve income,  increase net worth, and preserve wealth through the generations.  So, when it comes to getting in the market and finding the right investments, it is important to know the underlying market trends that are making things happen. Since residential income property is one of the best sources of rent revenues, lets take a look at how the market has behaved over the past several years. […]

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Posted In: Research

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