Browsing Posts From: Uncategorized

JUST SOLD!  Ogden Mid-Century Cottage

November 1, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this property located at 2374 Eccles Ave. in Ogden.   The home was listed on the market for $184,900 on in early August.  In mid-August the price was dropped to $180,900.   Our clients took some interest in the property as they were looking for a rental property to fit into their portfolio.  After viewing the home, we felt that it would be an excellent fit for what our buyers were hoping to accomplish. We placed an offer of $180,000 and asked the buyers […]

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VIDEO:  Unpleasant Surprises in Northern Utah Real Estate

October 29, 2018 Posted by: Jeremy Peterson

While the scene in the Northern Utah real estate market is healthy looking, underneath it is experiencing a severe case of vertigo. Watch as I dissect the market with the latest charts and graphs. I illustrate how local home builders may be in big trouble as first time home buyers continue to wither on the vine.      

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JUST SOLD! Downtown Ogden Cottage

October 8, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this cute vintage cottage located just a stone’s throw from bustling downtown Ogden.  This home was listed on September 6th for $125,000.  Our client expressed interest in the home and was using cash to make the purchase.  We offered $128,000 in a multiple offer situation and our offer ultimately prevailed over the others.   This particular home is petite with just 896 SQFT on the main level and configured with only two bedrooms.  However, the interior had been upgraded nicely.   Congratulations to […]

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JUST SOLD! Ogden Fourplex Investment Property

September 5, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this income property located in Ogden’s historic Trolley District neighborhood.  We listed this fourplex property in mid-July for $249,900.  Shortly thereafter, we received a couple offers.  The first offer was using conventional financing.  The second was a full price cash offer.  We opted for the second offer.   As we got into the due diligence period, it became apparent that the buyer was not using his own cash but was hoping to get a hard money loan to close the transaction.  Knowing that […]

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JUST SOLD!  Ogden Bungalow Project House

July 11, 2018 Posted by: Jeremy Peterson

We recently closed on the sale of this cute bungalow property located at 2207 Jefferson Ave.  This 2 bedroom 1 bath home has been a rental property for the past eight years.  The interior boasts original woodwork and some unique and stylish upgrades made by the owner.  However, the home also has some unique color schemes that don’t align with contemporary tastes. The home was initially listed for $139,900.  The seller received several offers and asked all buyers to submit their highest and best offer.  Our buyer wanted to guarantee […]

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FOR SALE: Renovated Ogden East Bench Cottage

December 9, 2017 Posted by: Jeremy Peterson

We just listed this amazing property located at 2202 Taylor Ave. on Ogden’s coveted East Bench neighborhood.  This home has been totally renovated from top to bottom and boasts four bedrooms (including an amazing master suite), three bathrooms, a custom kitchen, and more.  The main level utilizes an open floorplan with big windows providing plenty of light and amazing city and mountain views. The kitchen has custom cabinetry and new stainless steel appliances.  Granite counter tops provide a nice color accent and rich surface for food preparation.       […]

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Utah Real Estate Prices Going California-Style?

September 4, 2017 Posted by: Jeremy Peterson

Real Estate prices in Weber County have seen an unprecedented run since the market trough in 2012.  Indeed, 2017 has seen real estate values increase over 10% since the start of the year.  In April of this year, after looking at the charts, I surmised that we had reached a top in real estate prices.  Inflation adjusted prices had blown past our 2007 peak which signaled that we might be due for a turn.   What I didn’t fully understand at that time was the scale of the forces at work creating […]

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PURITAN PALACES:  The Oldest Homes in America

August 14, 2017 Posted by: Jeremy Peterson

We recently visited Boston, Massachusetts for a conference.  While we were there, we took some time to visit some of the great historical sites of the region.  One of our segues took us to Salem where we immersed ourselves in one of America’s oldest communities and visited some of the oldest homes in America. The architecture and stories behind the homes were remarkable.   The Pickering House Along the McIntyre Historic District  were many comes constructed between 1660 and 1910.  The most striking was the Pickering House which boasts a construction […]

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JUST SOLD! Bungalow Neighborhood Lot

July 7, 2017 Posted by: Jeremy Peterson

We just closed on the sale of this lot located at 2809 Jackson Ave. in Ogden.  The lot was listed in January of this year for $19,000.  It sat on the market through June until a client contacted us with some interest in it.  We offered full price with cash and the seller accepted the offer.   The buyer utilized a real estate IRA which required some additional time to process.  However, the process went very smoothly and we were able to close early.  The buyer is now exploring constructing […]

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FOR SALE:  Historic Ogden Victorian

May 10, 2017 Posted by: Jeremy Peterson

I just listed this amazing historic Victorian home located at 2002 Jackson Ave. in Ogden Utah.  Constructed in the late 1880’s, this solid brick two-story homestead was built by Confederate Army Veteran and Civil War survivor Henry E. Steele.  He obtained the land to build the home from the U.S. Land Office in 1883 via a land patent. The home was recently renovated and boasts an amazing kitchen, hidden pantry, updated bathrooms, central air, two tone paint, updated plumbing, a new roof and more.  This is a must see for […]

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The End of the 30-Year FHA Mortgage?

January 19, 2017 Posted by: Jeremy Peterson

The 30-Year fixed mortgage has been a mainstay of the housing market since the Great Depression.  The collapse of the banking industry at that time sparked government intervention to prop up the housing market.  Since then, home buyers have enjoyed taxpayer backing via FHA loans to help them purchase a home.  The loans have unusually low down payment requirements with buyers needing just 3.5% of the purchase price to put toward equity up front.   However, when you live by government whim, you die by it as well.  The recent change […]

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Wacky Scenes From The Housing Market: November 2016

November 9, 2016 Posted by: Jeremy Peterson

Sometimes, repairs and improvements defy logic and reason.  Here are some examples of oddities and rarities found while moving about in the housing market. Before you decide to paint your house blue, please call me.   Do you really need a front door for a front porch?  Nah.   This appears to be more of an amusement ride for the wheelchair-bound than a safe access ramp.  I am sure rolling down it is a pant-wetting experience.   So what if this home struggles with curb appeal.  At least they moved the […]

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FOR SALE:  2 Bed Hamlet Townhome – Midway, Utah

October 22, 2016 Posted by: Jeremy Peterson

I just listed this 2 bedroom townhome in Midway, Utah which is owned by members of my family.  The unit has been in our family for 11 years and was recently renovated with new flooring and two tone paint.  It is located just a short distance to downtown Midway and is close to skiing, hiking, golf, and a host of other recreation options. The unit has 1070 SQFT with a full bath upstairs and a half bath on the main level.  The kitchen appliances are stainless steel and the kitchen […]

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FOR SALE:  Tiny House Cottage

October 10, 2016 Posted by: Jeremy Peterson

If you are a tiny house aficionado or someone looking to live small and affordably, this house is the perfect opportunity for you.  The home has been freshly updated with a new kitchen, bathroom, new flooring, two tone paint, new windows, evaporative cooler, and more.  You will want to see how this cottage provides for all the basic living amenities in a compact and and highly usable floorplan.   This home was constructed in 1931 and sits on a .14 acre lot.  The backyard is sizable and offers plenty of […]

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TENANT DAMAGES: Serving Justice to the Damage-Prone

October 4, 2016 Posted by: Jeremy Peterson

Every landlord wants to make sure that their property is being treated adequately by tenants.  So, when assessing the risk that a tenant might behave poorly, landlords look to several tools to help them weed out the bad actors.  Credit and past rental references go a long way toward establishing the good character of a tenant.  A healthy security deposit acts as a financial incentive to induce good performance by a tenant. But,  while these tools work to reduce the risk, they cannot eliminate it entirely.   With that in mind, we recently […]

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