The Jared Zimmer REMAX Properties Blog


Aug. 18, 2017

Is This The Best Time Ever To Invest In Rental Property?

Is This The Best Time Ever To Invest In Rental Property?

According to a recent report by the Pew Research Center, more households are rented than at any time for over 50 years.

The report says that, even though US households expanded by 7.6 million in the decade to 2016, the number of homeowners remained rather static.

The number of households renting has increased from just over 31% in 2006 to 36.6% in December 2016, exceeding the levels of 36% in 1986 and 1988 and approaching the 37% seen in 1965.

It's important to note, however, that this does not signify less desire to own a home as Pew Center research last revealed that 72% of renters still want to eventually own a home.

Of course the main takeaway from all these stats is confirmation of what we've been seeing locally that the rental market is booming as more and more people choose to make out part of the world their home.

It's obvious, I think, that we are seeing one of the best times ever to develop or start a rental property portfolio for passive income.

Every report that comes out on renting suggests that rental rates are only likely to climb and it's clear that there's a huge market out there - the biggest for half a century!

If you've been thinking about property investment, why not contact us today. We have huge experience in helping our clients build rental income, and have several current listings of great options for you to consider. 

Aug. 7, 2017

It's Taking Less Time To Sell A Home in Iron County

It's Taking Less Time To Sell A Home in Iron County

Our graph shows the average number of days a home is on the market in Iron County before it sells, illustrated over the past year.

The key thing to note is the trend since March. While June saw a slight upward blip, the general pattern has been for fewer days on market.

Of course some of this trending is seasonal, as we're now in the busiest time of the year, but what it does illustrate is the significant opportunity right now, especially considering that there are more active listings on the market (very likely explaining the slight rise in June).

There's plenty of good weather left before the fall finally kicks in and people will be very keen to find and move in to their new homes before then. And if you look at the trends over last winter, you'll see that it generally takes longer to sell as the fall continues.

Why not contact us today and discuss your best options for listing right now and taking advantage of what promises to be a very busy late summer market.

July 18, 2017

Planning to List? Is Now the Time?

Planning to List? Is Now the Time?

You may recall from the blog I wrote earlier this month just how great market conditions are in Iron County right now.

If you missed it, click here to find out more, including a 39% rise in pending sales in the past year and a median price increase of just over 17% in the same period.

We're now in the busiest season of the year and if you're planning to list your home, there really is no time like the present.

While we're expecting to see a lively run in to end of the year, as we did in 2016, listing now means that you're getting exposure to the widest range of potential buyers that we're likely to see in 2017.

This means that multiple offers, very common in the current market conditions, are more likely than when the number of buyers naturally tapers off a bit once the peak season draws to a close.

Let's be clear, there'll be plenty of buyers for the rest of this year, but there's just more of them right now while school is still in recess and moves are completed in the best weather. So it makes total sense to give yourself the best potential for high return!

Why not contact us today to discuss how to best take advantage of these great conditions.

July 6, 2017

Iron County Real Estate Gets Another Excellent Health Report

Iron County Real Estate Gets Another Excellent Health Report

We've taken a good look at the latest real estate statistics (for May) in Iron County and thought we'd pass on the great news they contain.

Pending sales are up by almost 39% on the same period last year, and by just under 10% for year to date, while closed sales have improved over by just over 17% in a year and by over 13% since the beginning of 2017.

We're also seeing excellent price growth. Over the past year, median sales price has increased by over 17% to $190,000, while average sales price is up by nearly 14.5% to $207,276.

And, as multiple offers above asking price are more and more common these days, it's not too surprising to see that the average percentage of the original list price received has jumped to 97.7%, a leap of 1.8% in 12 months.

Low inventory of available homes for sale has for some time been the weak spot in this market, so it's good to note that we're now seeing a 4.6% rise in overall availability since May 2016 and a big leap in new listings of just over 36% in the past year and just over 15% so far in 2017.

This has set the scene for the great summer peak period we're currently enjoying and demonstrates how keen buyers are to secure the right property while borrowing is still available at very low interest rates.

It's hard to imagine a better seller's market than the present one, so contact us today to discuss how we can help you make the most of a fantastic situation.

June 21, 2017

Summer's Here! - Is It The Best Ever Home Seller's Market in Iron County?

 Summer's Here! - Is It The Best Ever Home Seller's Market in Iron County?

Today is the first official day of summer, and we're also at about the halfway mark in 2017. It's therefore an ideal moment to reflect on what we've seen in the Iron County real estate market in recent months and look where we're headed.

We've seen homes selling very quickly and exceptional levels of sales. While the low inventory of available homes we've been witnessing for some time now isn't the best news for buyers, it hasn't dampened enthusiasm to purchase. We've consequently seen great returns for sellers, who have also enjoyed reduced competition in the market.

Mortgage rates are still incredibly low and we're now more or less back to the position we were in before the rate rises we saw after the election last November. This clearly helps to keep buyer sentiment at sky high levels, as we all know that such low rates aren't permanently sustainable and there's a bunch of sense in locking in a low rate.

So it's still a great opportunity for buyers and arguably the best seller's market conditions we've ever seen.

And now summer's here we're at peak selling season, so there's an even more compelling incentive to list your property right now, especially if you've been delaying the decision.

Why not contact us today for an informal chat about making the most of this great situation while the sun shines!

June 1, 2017

Two beautiful Cedar City lots in the Temple View Heights Subdivision

Or video shows two beautiful Cedar City lots in the Temple View Heights Subdivision, both perfect for a home with a walkout basement with extraordinary views of the temple and the mountains. Could one of these lots be the location of your dream home!

Click the links to find out more and contact us today to arrange a detailed viewing.

May 18, 2017

The Critical Importance of Correct House Pricing

The Critical Importance of Correct House Pricing

Has your home been on the market for some time, but somehow isn't selling?

Have you considered that the reason could be incorrect pricing?

While the current Iron County market is very buoyant, a home that's not priced "in the market" will often not attract viewings because buyers perceive it to be too expensive in comparison with similar competing properties.

So how does this regrettable situation arise?

Sellers often look on the generic home price estimating websites and get an inflated, and very inaccurate price. Unfortunately some agents will go along with this estimate just to secure the listing. The ultimate result is a home that doesn't attract interest and which remains unsold while others that are correctly priced usually sell very rapidly in the current conditions.

It's therefore essential to engage with the right agent, who will optimally price the home to attract interest, given the up to minute situation in the market. With prices rising for some time now, this is a constantly moving target and the professional agent has access to this data and knows how to interpret it to arrive at a highly optimized suggested listing price.

Accurate and successful pricing strategies are usually very delicate balance. When done correctly, the effect is to attract a great deal of interest in the property, with several viewings from interested and qualified buyers, often followed, especially these days, with multiple offers that can even rise above the asking price!

There is simply no substitute for intimate market knowledge and wide experience when it comes to pricing a property to optimize the return in the shortest possible time frame. Why not contact us today and we'll show you our outstanding track record that sees us selling an average of 130+ homes in the area every single year!

May 4, 2017

A Great Time To Sell With Exceptional Market Activity

 A Great Time To Sell With Exceptional Market Activity

Today I thought I would share with you some exciting recent real estate market stats for Cedar City and Enoch.

The above graph shows that we are seeing some exceptional pending sales activity across most of the market.

You'll notice how the red pending line roughly matches most of the contours of the blue current active listings line.

This again reinforces how quickly homes are selling and these statistics do not take into account the important fact that we are now heading into the traditionally busiest sales months of the year.

It therefore seems reasonable to expect demand to chase supply even more closely as spring makes way for summer.

It should also not be forgotten that mortgage rates have been falling and are currently near the lowest levels this year. This can only add to the already vibrant buyer sentiment the above graph amply demonstrates.

So if you're considering listing your home soon, here are yet more great incentives to do so.

Feel free to contact us today to discuss how to best capitalize on this fantastic opportunity.

April 20, 2017

A Fantastic Opportunity to Build Your Cedar City Dream Home, But Time Is Running Out...

Low inventory of available homes for sale continues to be a major issue in the area.

While it's mostly great news for sellers, it can be very frustrating if buyers cannot find exactly what they're looking for.

If that sounds like you, or if you'd simply prefer a custom-built home, can we draw your attention to the possibilities at the Hunter Glen sub-division, a wonderfully-situated edge of Cedar City location.

Since development started at Hunter Glen, it has proved to be an extremely popular option. So much so, in fact, that there are now just 17 lots remaining at just $37,500!!! Take a look at our video above to see the plots that are currently still available.

All lots are ready for homes. Curb and gutter, sidewalk plus all amenities are already stubbed to each quarter acre lot.

This is a marvelous opportunity to get exactly the home you're looking for, but may have found difficult to secure, given the current short supply situation.

We can help you at every stage of realizing your dream, so why not contact us today to find out much more.

April 6, 2017

What Makes A Real Estate Agent A Rock Star Performer?

 What Makes A Real Estate Agent A Rock Star Performer?

Clearly there is no shortage of agents out there wanting to list your home.

Unfortunately, this does not mean that every agent makes the same efforts on your behalf.

According to the National Association of REALTORS® the average agent sells just four homes during the year. That's just one every three months...

This automatically suggests that many agents aren't solely working at selling homes and have other calls on their time.

So what, you might ask, does a top performing agent sell a year?

Over recent years we have averaged over 130 sold properties per year. That's over 11 per month on a highly consistent basis!

To give you some more perspective on this, this ranks us in the top 1% of realtors nationwide. Yet another statistic that demonstrates how easy it is to team up with an agent that's not going to put everything into selling your home.

But you may be thinking how important that is when the market is so active at the moment and demand often exceeds supply?

The answer is that top performing agents do many things that most agents don't to get the best results. One example is prospecting for hours every day, connecting with a wide range of people who might be interested in your home or can positively influence the sale. This, among other active marketing intiatives, inevitably creates more interest in your property and is far more likely to lead to competitive bidding, helping you to get the very best return.

This is why it's vitally important that you always check out the agent's recent and long term track record.

Why not contact us today for a more in-depth explanation of how we go the extra mile for our clients to get top results that rank high nationally

Posted in Buyers, Sellers