Opendoor Gets Door Slammed on Fingers

September 19, 2022 Posted by: Jeremy Peterson

Opendoor is a massive company that buys homes with cash from sellers and then flips them at resale for a profit.  Or, at least that is how the model is supposed to work.  Supported by computer driven models of house prices, market demand, and return on investment, the company emerged on the public stock exchanges in 2020 and entered the housing market in earnest as it snatched up homes while demand and prices skyrocketed. Well, the business model was working wonderfully on the way up.  On the way down, the […]

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Posted In: Real Estate News

INFERNO: Apartment Building Burns to Ground…Again

August 24, 2022 Posted by: Jeremy Peterson

In a bizarre deja vu for Elite Craft Homes, another development of theirs has gone up in flames.  We might take a trip in the wayback machine to last year’s incredible inferno that destroyed a freshly framed 4-story structure at 28th and Grant Ave. This time, the fire was located at the corner of 34th and Washington with a freshly framed three story structure.  The site was scheduled to be fenced off but vandals likely took advantage of the situation before that could be done.   There are suspicions that […]

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Posted In: Local History

VIDEO: My Old House – Historic Style Garden Shed – Ep.1 – Foundation, Framing, and Roof

August 23, 2022 Posted by: Jeremy Peterson

We embarked on an ambitious project of creating a historic style garden shed that would honor and compliment the historic homes in our neighborhood. We also wanted it to function for 100 years or more long after we are gone. Needless to say, a plastic shed wasn’t going to make the cut. Here is a video of 10 weeks of sporadic work compressed into less than three minutes.  Other My Old House videos are available on our Youtube channel. Enjoy!

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Posted In: Uncategorized

VIDEO: Northern Utah Real Estate Market Update – August 2022 – The Tide Goes Out

August 22, 2022 Posted by: Jeremy Peterson

Broker Jeremy Peterson offers the latest charts and graphs showing the remarkable change in market conditions in Weber County , Utah. To answer questions about this ever changing market, contact Jeremy at 801-390-1480

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Posted In: Research

JUST SOLD!  Quaint Roy Homestead

August 10, 2022 Posted by: Jeremy Peterson

We just closed on the sale of this listing in Roy.  The home was part of an estate sale.  We learned a lot as the market sought to settle on a price in the new market paradigm.  Check out the video for the full story.     If you or anyone you know is in the market to buy or sell their home, give me a call at 801-390-1480

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Posted In: Sold Listing

JUST SOLD! Camelot Court Townhome

Posted by: Jeremy Peterson

We just closed on the purchase of this home for a buyer.  It was interesting to test the waters with a cash offer in the new summer market paradigm.  Check out the video for the full story.   If you or anyone you know is in the market to buy or sell a home, give me a call at 801-390-1480

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Posted In: Sold Listing

MONEY FOR BUYERS: Own In Ogden Program Quadruples Amount Per Buyer

August 3, 2022 Posted by: Jeremy Peterson

The Own In Ogden Program has been a long standing institution in the Ogden real estate market. For decades, first time home buyers have been able to benefit from program funds when purchasing their first home.  With housing prices increasing rapidly over the past several years, program guidelines had been unable to keep up with the changing financial landscape.   Recently, Own In Ogden announced exciting new changes to their program.  Program funds have been enhanced to reflect current market conditions and there are some exciting caveats for teachers, police […]

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Posted In: Real Estate News

VIDEO: INFERNO – The Burning of 2233 Jefferson Ave.

July 14, 2022 Posted by: Jeremy Peterson

Last month we woke up to quite a surprise as the 5-plex next door to our home caught fire and burned.  Ogden Fire Department did a great job protecting our home and keeping us safe.  It was a dramatic day.  

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Posted In: Real Estate News

FOR SALE: Ogden Trolley District Fourplex

Posted by: Jeremy Peterson

We just listed this large fourplex property located at 545 22nd Street in Ogden. We have managed this building for the owner for the past six years. The building is nearly 2,900 SQFT with three levels. It sits across from the new Stone Hill subdivision. Rent Rolls are as follows: Unit 1 – $635 – Lease Expires August 31st. Rents increasing to $750 2 – $650 – Lease Expires August 31st. Rents increasing to $750 3 – $685 – Tenant vacating July 31st. Rents increasing to $750 4 – $825 […]

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VIDEO: Northern Utah Real Estate Market Update – July 2022 – The Market Mess

Posted by: Jeremy Peterson

It is time for another real estate market update.  In this episode, I conjure the powers of science to provide a graphic representation of what is happening in the market right now.  You won’t be disappointed.   If you are in the market to buy or sell a home, give me a call. 801-390-1480

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Posted In: Uncategorized

FOR SALE: Historic W.G. Biddle Queen Anne Victorian Duplex

Posted by: Jeremy Peterson

After a two year hiatus, we just relisted this amazing example of historic Queen Anne Victorian architecture located at 2447 Monroe Blvd. in Ogden, Utah.  The home was built in 1899 by W.G. and Elizabeth Biddle.  Both were handcart pioneers who homesteaded in Utah after relocating from England.  They constructed the home in the later years of their life. The home is currently configured as a duplex and is fully occupied with rents of  $2225 per month.  The home sits on an impressive .20 acres city lot across the street […]

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FOR SALE: Roy Two Story Starter Home

Posted by: Jeremy Peterson

We recently listed this home for sale in Roy located at 5156 S> 3925 W.  The home is located near the south Midland Dr. extension transacting the subdivision.  The home is part of an estate sale and we are working with family to help liquidate this portion of the estate. The property is 1240 SQFT with about 620 SQFT on each level.  The three bedroom configuration maximizes the utility of the available space.  Meanwhile, the .22 acre lot provides ample room for backyard relaxation. A two car garage provides plenty […]

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Posted In: New Lisitngs

JUST SOLD! Classic Craftsman Fixer Upper

June 20, 2022 Posted by: Jeremy Peterson

We just closed on the sale of this classic craftsman home located at 3240 Porter Ave. in Ogden, Utah.  The home has been used as a rental property for years and the owner decided it was time to sell.  The home has 1482 SQFT with 500 SQFT of that space being unfinished basement.  There are two bedrooms on the main level.  The home sites on a .17 acre lot and includes a garage. The home was listed at $275,000.  At the time we viewed the property several offers from other […]

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Posted In: Sold Listing

JUST SOLD! Ogden River Parkway Cottage

June 2, 2022 Posted by: Jeremy Peterson

We just closed on the sale of this cottage home located just a block from the Ogden River Parkway. This tiny home has 2 beds and a bath on the main level of 920 SQFT.  The basement is mostly unfinished and has 720 SQFT.  There is room to add a bathroom in the basement. The home sits on a .18 acres lot lot just a short walk to the Ogden River.     We listed this home for $315,000.  We received a low-ball cash offer from the usual suspects which […]

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Posted In: Sold Listing

VIDEO: Northern Utah Real Estate Market Update – May 2022 – Maximum Market Pain

May 18, 2022 Posted by: Jeremy Peterson

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Posted In: Research

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