Since the Great Financial Crisis of 2008, stringent mortgage rules have kept banks in their lanes and kept the mortgage lending business rather sleepy. Exotic loans disappeared and banks were left with few options but bread and butter loans that they could issue to homebuyers. This humdrum lending landscape has also had the undesirable effect of limiting the the number of borrowers who could qualify for loans. While there is a strong argument that the qualifications for a loan should be stringent, other factors have distorted the market in a […]
... Read MoreGet the latest market stats and analysis as we discuss the recent shift into buyer market conditions.
... Read MoreWe recently closed on the purchase of this eclectic art deco triplex for a client. The property is located at 619 20th Street in Ogden. This was a unique transaction since we also represented the seller as a manager while they listed the property with a discount brokerage. The property was originally listed for $409,800 in late January. The building sat on the market through March when the price dropped to $399,900. It went under contract once with a cash buyer shortly thereafter but they backed out during due diligence. […]
... Read MoreThe summer selling season has turned into something different this year. A lot of signs of change occurring. The charts and graphs tell us the story. If you are in the market to buy or sell a home, give me a call at 801-390-1480.
... Read MoreWe just closed on the purchase of this very cool triplex in Ogden. Located at 2273 Jefferson Ave. this classic Craftsman style building was once a home but subdivided sometime in the 1920’s, we believe, into three units. The building is a spacious 3300 SQFT with two units on the main level and a big basement apartment. The building is nestled just a couple blocks from all of Ogden’s exciting downtown entertainment and amenities. This property was originally listed for $490,000 in February. The price was adjusted to $480,000 in […]
... Read MoreWe just closed on the sale of this listing for a client. It is a rare example of listings below $300K in this market. Check out the walk through tour as well as the story of how we made the sale happen. If you have a home to sell and you are thinking about calling the flippers for a fast sale, give me a call first so you don’t leave money on the table. 801-390-1480
... Read MoreWe just closed on the sale of this affordable and adorable craftsman home in Ogden. Check out the walking tour and the story of how the sale happened. Our client was extremely happy with the results! If you are thinking of selling your home and want to know more about it’s value, give me a call at 801-390-1480.
... Read MoreIs renting or buying the smarter thing to do in this housing market? The answer depends on your long term goals and how you want to create wealth. In this video we walk through the numbers and talk about the sacrifice and opportunities found in each option. If you are interested in learning more about ownership opportunities, give me a call at 801-390-1480.
... Read MoreThe market has had emotional whiplash since the beginning of the year. This shows up in our charts as we talk about where the market is today. Check out the latest market update video. If you have any real estate needs, give me a call at 801-390-1480
... Read MoreNobody wants to leave money on the table when selling their property. Whether its their home, income property, recreation property, or vacant land, sellers understand that it is important to know what their property is worth as they prepare to put it on the market. But, what is the right way to do that? Many of my clients have ask if they should get an appraisal before they list their property. Let’s talk about appraisals for a moment so we understand their role and some of the quirks involved. Appraisals […]
... Read MoreWhen tendering an offer to a seller, buyers often struggle with the questions of concessions. How much do they ask for? Why kind of concessions are possible? There are several things a buyer has to consider when answering these questions. First, are they in a buyer’s market or a seller’s market? Or in the middle? The answer to this will determine the degree of what can be requested as well as the likelihood of a sellers acceptance of the request. Another factor that needs to be considered is the seller’s […]
... Read MoreVesta Real Estate | Ogden, UT 84401 | jeremy@vesta-real-estate.com