CHART:  The Real Estate Market Shift Begins

November 16, 2018 Posted by: Jeremy Peterson

The real estate market moves in cycles.  For the last several years, many of us in the industry have been waiting for the market to reach its top and then move in a different direction.  The ebb and flow of the market is as natural the sun rising and setting, although, it is much less predictable.  But, despite the difficulty in predicting timing, we can spot signs along the way that tell us what is happening and where we are in the cycle.   Today’s chart shows us that we […]

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Posted In: Research

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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Posted In: Uncategorized

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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Posted In: Uncategorized

FOR SALE: Bountiful Mid-Century Cottage

Posted by: Jeremy Peterson

We just listed this well kept mid-century cottage located in a quiet area of Bountiful on 1400 South. Located at 46 E. this home boasts 2028 SQFT with 1014 SQFT on the main level and a full basement below.  The basement is  90% finished.  The home has 4 bedrooms and 2 bathrooms and sits on a spacious .28 acre lot.  Detached from the home is a two car garage and ample room for parking in the driveway. This home is an estate sale and is ready to be made into […]

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Posted In: New Lisitngs

JUST SOLD! Rare Two-Story Victorian Cottage

October 16, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this cute two story Victorian cottage located in Ogden, Utah.  We listed this property in mid-September for $134,900.  The home has 1400 SQFT above grade and a very low ceiling basement space of about 300 SQFT. Immediately upon listing the property we were deluged with showings and received a total of six offers.  Interestingly, three of the offers were just above the list price while three others were near the $160k price point.  The bifurcated price points was very interesting to observe.  The […]

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Posted In: Sold Listing

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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Posted In: Uncategorized

JUST SOLD! Victorian Era Ogden Duplex

October 4, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this starter investment property located at 2032 Jefferson Ave. in Ogden.  The property is an 1890’s home that was subdivided into two 1 bedroom units.  The property was listed for sale for $129,000 on account of the property’s old age and its very small size at just 1250 SQFT.   We received five competitive written offers on the property and several verbal low-ball offers.  The highest offer received was $140,000.  No showings were permitted on this property on account of the tenants who […]

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Posted In: Sold Listing

JUST SOLD! Tiny Craftsman House

October 1, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this tiny house located at 3250 Lincoln Ave. in Ogden.  The home has a quaint 720 SQFT on the main level and a cellar below.  With such a small footprint, the home hosts just two small bedrooms. We listed this home for sale on June 22nd for $129,900.  We had many showings immediately after the listing.  However, no offers were received.  On August 20th we reduced the price to $124,900. From that point, we received another wave of new and interested buyers.  Ultimately, […]

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Posted In: Sold Listing

VIDEO: MY OLD HOUSE – Ep. 5 – Basement Floors and Framing

September 20, 2018 Posted by: Jeremy Peterson

We recently filmed an update on our massive basement finishing project.  You can check out the latest on the floors and framing.  Be sure to watch the first or second episode to see how far we have come on this amazing transformation.

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Posted In: Miscellaneous

FOR SALE:  Rare Two-Story Victorian Cottage

September 18, 2018 Posted by: Jeremy Peterson

We just listed this rare two-story Victorian Cottage located in Ogden’s East Central Historic District.  Home has amazing potential and still houses the original woodwork, banister, doors, and more.   The original construction date is sometime in the 1890’s, however a permit was pulled and an addition was added in 1903.  The home has 3 bedrooms upstairs with a hallway closet for storage.  The main level hosts a formal parlor, formal dining, laundry, kitchen, and a large updated bathroom. There is a large side ward and a fully fenced back […]

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Posted In: New Lisitngs

SCAM ALERT: Tips to Avoiding Landlord-Tenant Fraud

September 17, 2018 Posted by: Jeremy Peterson

Housing options in Utah are becoming so scarce right now that fraudsters are making a fortune taking advantage of the desperate and unaware.  Take for instance an episode we witnessed just last week.   We listed a one bedroom unit for rent in Ogden on a Wednesday afternoon for $650 per month.  We advertised a $750 deposit, no pets, no smoke, and good credit being a condition of renting the property.  On Friday, a well qualified couple was viewing the unit and discovered a woman walking out the front door.  […]

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Posted In: Property Management

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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Posted In: Uncategorized

VIDEO:  The Demolition Ogden’s Wonder Bread Building

August 27, 2018 Posted by: Jeremy Peterson

Big changes are coming to Downtown Ogden’s landscape.  Many acres of downtown are being prepared for new construction.  Watch the video and learn more about these exciting changes.    

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Posted In: Real Estate News

FOR SALE:  Victorian Era Ogden Duplex

August 21, 2018 Posted by: Jeremy Peterson

I just listed this quaint Victorian Era duplex located on a quiet block of Jefferson Ave. in Ogden’s East Central Bench Historic District.  The buildling is a home that was subdivided into two one bedroom apartments.  Each unit is currently rented for $645/mo.  The building has separate electrical meters and one gas meter.  Please EMAIL ME for a full analysis of the income and expenses for this property.  Our original list price is $129,900 which puts this in a great price range for first-time investors.   If you are interested […]

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Posted In: New Lisitngs

JUST SOLD!  Spacious Roy Tri-Level Homestead

August 16, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this home in Roy.  Located at 1986 W. 4225 S., this 1960’s era home came with huge spaces and just the right amount of back yard.  With 2760 SQFT and 5 bedrooms, there is plenty of room for our client’s large family. The home was originally listed in early June for $285,000.  As no offers were tendered, the seller reduced the price to $269,900 in late June.  That was still a little more than our client wanted to pay so we tendered an […]

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Posted In: Sold Listing

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