The Jared Zimmer REMAX Properties Blog

 

July 16, 2024

Are You Prepared for Monsoon Season?

Are You Prepared for Monsoon Season?

Monsoon season is almost upon us, so it makes sense to be as prepared as you possibly can be.

Clean drains and gutters - It's really important to ensure you have efficient drainage that moves rainwater away from the structure of your home and prevents localized flooding/water build-up, so be sure to clear any obstructions in your gutters and drainage systems. These are important measures at any time of year, but especially so in times of potentially very heavy downpours.

Sealing doors and windows - Poorly sealed building apertures can let water into your home, especially wind-driven rain etc. Even if your windows and doors have been sealed in the past, sealant does deteriorate, so make a thorough inspection and carry out repairs as necessary.

Strong winds - Monsoon season can also coincide with very heavy winds, so try to make sure that there are no loose items outside that can cause damage if they take flight and be certain to strengthen fencing at any weak points. Potted plants should be placed out of harm's way. Loose outdoor furniture and trash cans should also be secured or moved inside.

Inspection after heavy rainfall - Even though you may have cleaned out gutters and drainage systems, they can quickly become blocked again after heavy rainfall, so inspection needs to be carried out when safe throughout monsoon season. Also look for areas where water is accumulating around the home and try to effect better drainage where possible.

Be monsoon aware - Be sure to pay extra attention to weather forecasts at this time.

We hope at least some of these tips are helpful and that we all have a safe and uneventful monsoon season.

As always, please don't hesitate to contact us at 435-327-2090 if you have any questions on real estate.

June 19, 2024

Why is More Iron County Inventory Better for Home Sellers Too?

Why is More Iron County Inventory Better for Home Sellers Too?

The conventional wisdom in real estate is that a bigger inventory of available homes for sale means more competition between sellers, with potentially lower returns as a direct result.

The above graph shows that more homes have been coming onto the Iron County market for some months. However, right now, this is really good news for sellers.

The fact is that, even before the pandemic, inventory levels in our area were an issue and, until very recently, that trend was continuing.

Since the beginning of this year there has been a nationwide trend for more inventory coming onto the market in numbers not seen for some time.

It's something that seems to be gathering pace, as the graph demonstrates, with growing inventory every month since February. We have a good many more houses on the market now than at this time last year.

This is great news for buyers, who've had to cope with severely reduced options when moving home. It's also a reflection of sellers finally accepting that mortgage rates aren't likely to drop any time soon and you can only put off your next move for so long.

It all means that buyer sentiment is up, even though mortgage rates are still high. Listing prices in the area are actually rising and the average sold-to-original-list-price-ratio in the area has been moving steadily upwards since December (it currently stands at just under 97%).

These figures also tell us that sellers are pricing their homes more realistically and at the moment we are seeing a pretty harmonious linkage of more choice for buyers and better prices.

The last thing sellers need is overly cautious buyers, so here's a really strong argument for listing during the summer peak season, while buyer sentiment is so positive.

Why not contact us today to discuss your best options - 435-327-2090.

May 22, 2024

Waiting for Mortgage Rates to Fall?? - Don't Hold Your Breath!

 Waiting for Mortgage Rates to Fall? - Don't Hold Your Breath!

Congratulations if you bought your home when mortgage rates were 5% or below. What's happened to rates since that time has only served to prove what a shrewd move that was.

Some would-be home sellers are still sitting on the fence, waiting for those times to return. The truth is that, for now at least, those kind of rates are very much a thing of the past and a new normal has set in.

If you are playing the waiting game, consider that this spring market in Iron County is very active with good buyer sentiment and selling activity.

It's also true that many buyers have been delaying their next move too. However, in many cases, people cannot put their next home on hold indefinitely and we are increasingly observing an acknowledgement that the situation we are currently in is, in fact, the new norm.

Buyers also know that, while mortgage rates are high compared to a few years ago, there will always be an option to refinance when they do fall significantly, whenever that may be.

And we shouldn't lose sight of the fact that, for the majority of the past 50 years, average mortgage rates have been higher than they currently are (click here to see a graph that shows this). Historically speaking, they have been much higher (over 18% for a 30-year loan in 1981...).

And never forget that not everyone needs a home loan!

If you'd like to informally discuss the current opportunities in the local market, feel free to call us at 435-327-2090.

April 12, 2024

How is the Spring Real Estate Market Shaping Up in Iron County?

How is the Spring Real Estate Market Shaping Up in Iron County?

The above statement from the National Association of REALTORS® chief economist demonstrates that, across the nation, there is still an affordability issue for buyers.

Lawrence Yun says that recent inflationary pressures are likely to mean slightly higher mortgage interest rates in the upcoming weeks.

It's very important to stress that we don't have a demand problem here in Iron County. Many buyers have already been putting their plans on hold and can only wait so long.

The reality, at the moment, is that we are increasingly unlikely to see the fall in rates that would really turbocharge the market as we head further into this busy spring period.

Homes are selling, but the continuing economic pressures out there continue to inform buyer sentiment. Always remember, too, that not everyone requires a home loan.

There's still a lot of hope that we'll eventually see some relief and, hopefully as we move into mid-year, rates will begin to come down.

Please bear in mind, however, that we are likely to be looking at rates dropping to the mid to low 6% range. The ultra-low rates that we all enjoyed for so long couldn't last, just as we cautioned that they wouldn't.

Even though affordability is challenging for most buyers, there's still a strong amount of current activity out there to suggest that, in some senses, the reality is setting in that waiting for those low, low rates to return is simply unrealistic.

And while buyers have to be realistic, so do sellers, especially in terms of current home market values. While continuing relatively low inventory levels tend to support asking prices, high mortgage rates clearly counterbalance that trend.

So the message is that there are still great opportunities out there, especially if sellers are in synch with the issues that many buyers are currently experiencing.

Why not contact us today at 435-327-2090 and discover how we are navigating our clients through all this to achieve success.

March 20, 2024

Preparing Your Home for Sale in Spring

Preparing Your Home for Sale in Spring

It's now officially Spring, which means warmer weather on the way and with it comes the prospect of more home buyers and increased sales levels.

And whether you're planning to list your home soon or not, now is a great time to prepare your home for the coming months.

Lawn sprinklers - Be certain that water irrigation systems function fully and carry our any necessary repairs. Adjust controllers to avoid wasteful overuse of water.

Garden equipment - If you maintain your own lawn, now is the time to service mowers, trimmers etc., ensuring they are reliable when in regular use over the next few months.

Clean gutters - Be sure that gutters and down pipes are clear of leaves and any other items that might block water flow.

Windows and doors - Poor air tightness around building apertures such as windows and doors leads to more expensive air conditioning bills. Inspect them and repair all seal damage.

Screens - Your screens perform a great function in allowing windows and doors to let in fresh air and simultaneously keep out critters, but not if their condition has degraded over the winter. Inspect them and repair/replace as required.

Check the roof - Carry out a physical check to see if there has been any damage to the roof over the winter - binoculars are often enough to check for major problems. Confirm that branches of nearby trees are between five and seven feet, at least, from your home so that moisture and various critters can't enter the property. Branches that are too close may also damage paintwork.

Furnaces - Your furnace has had some serious usage during winter, so now is the perfect time to clean filter systems, blowers and motors.

Chimneys - It's also the ideal moment to arrange annual cleaning with your chimney sweep, if applicable.

Air conditioning - Now is the time inspect your air conditioning so that it's in good shape before it gets more stressed in the warmer months to come. Your ac condenser should also be clear of any vegetation or other obstructions.

Driveways - Concrete, asphalt etc. can crack during winter and should now be repaired to stop water seepage.

Paintwork - Re-coat any external areas damaged over winter. Using a pressure washer on wood surfaces is an excellent way to reveal weak spots.

Decking - Deck components deteriorate over time, so ensure yours is in good shape to safely cope with the additional loads of spring/summer events etc.

We hope that these pointers help you to get your home in tip-top shape. If you're planning to list your home soon, contact us at 435-327-2090 for more specific guidance.

Feb. 29, 2024

Great Reasons to List Your Home Right Now

Great Reasons to List Your Home Right Now

If you've been on the fence about when to list your home, there are some compelling reasons to do so right now.

  • As we head into March, it's still relatively early in the real estate year and there are some real opportunities for sellers.
  • Inventory of available homes in Iron County is at the lowest level for nine months, meaning less competition than any time since last April!
  • As we get nearer to spring and summer, inventory numbers will inevitably grow, so listing right now is a fantastic opportunity to get ahead of the curve.
  • Our market is correcting and we are seeing big price reductions on all inventory on a daily/weekly basis.
  • Playing a waiting game before listing could therefore mean lower returns in the coming months, especially if mortgage rates continue their current upward trend.
  • We are anticipating upwards of a 10% correction in property values throughout the year, so the longer you wait the more it could adversely affect your return.

Please feel free to call us for an informal chat specific to your individual situation - 435-327-2090.

Feb. 13, 2024

The Huge Advantages of Self-Storage Units

The Huge Advantages of Self-Storage Units

**3 months FREE storage?** 
Contact Jared if interested in details when listing a home for sale.

Self-storage units offer big advantages whether you're planning to move or just make life at home more comfortable and secure.

Selling your home - Homes will usually sell quicker when your rooms aren't overcrowded with stuff and without personal items like family photos everywhere, which tend to make it more difficult for homebuyers to envision living in your home. Putting all these things into self-storage before viewings start can really pay off.

Transitioning between homes - Self-storage makes the whole business of moving home so much simpler, acting as a middleman between properties. This is especially useful if your move involves you having to live in rented accommodation for a while.

Decluttering - We all tend to accumulate too much stuff. A simple life-laundry audit of things you feel you can part with certainly helps, but what if there are things you feel you must keep that would make your home an easier place to live in if they were elsewhere? Self-storage facilitates this and even enables you to swap furniture and ornaments around from time to time to create a different look or seasonal feel.

Security - Your home may contain valuable items/heirlooms that you don't use but which would be very attractive to thieves if you're unlucky enough to suffer a break-in. Putting them into self-storage with 24-hour video surveillance gives you much better peace of mind and, of course, you can always bring them out of storage for special occasions etc.

Seasonal items - Self-storage enables you to put away items that you only use seasonally like Christmas decorations and skiing gear, without them taking up valuable space in your home. It's a lot tidier too, obviously.

Downsizing - If you're moving into a smaller home, in retirement for example, but don't want to lose all the stuff you had in a larger residence, or haven't decided what to do with it yet, self-storage is a great way of relieving a lot of stress and worry. And if you want your children to have some of your items at some stage, storing them safely and securely until the kids need them is another great idea.

Business opportunities - If you have plans to start a business from home that involves holding stock, self-storage is the perfect solution to avoid your house quite literally becoming a small warehouse.

The Huge Advantages of Self-Storage Units

EZ Storage - A Great New Storage Option in Cedar City

Situated off Aviation & Highway 56, EZ Storage provides a convenient solution for individuals and businesses in need of extra space.

Our units come in a variety of sizes to accommodate your specific needs, whether you're storing seasonal items, furniture, business inventory, boats, RV’s, or trailers. They can be rented on a short-term or long-term basis.

Our facility is equipped with 24 hour security to keep your belongings safe and secure. Renters can access their units at any time, making it easy to retrieve or add items as needed.

Trust us to provide you with the peace of mind and convenience you need for your storage needs. Visit ezstoragecedarcity.com or call 435-704-6178 to reserve a unit today!

  • 24 Hour Access
  • Digital Video Surveillance/Onsite Security
  • Fully Fenced
  • Automated Gate
  • Paved Lot
  • Drive-up Access
  • Great Customer Service
  • Online Bill Pay
  • RV & Boat Parking

The Huge Advantages of Self-Storage Units

Jan. 19, 2024

Looking Forward to This Year's Housing Market with Optimism

Looking Forward to This Year's Housing Market with Optimism

 

Numbers and statistics paint a picture. Sometimes they show a reality we neither like or expect, but they don't lie.

The graphs here, provided by InWest Title, show similar fluctuations and trends.

We started 2023 with mortgage interest rates at around 6%. In the first quarter they dropped and activity picked up. By mid-year rates were starting to climb and you can see how that affected everything.

Interest rates were just over 8% as we wrapped up 2023. This created an affordability issue for many buyers (the graphs show that, starting mid-year, new inventory plummeted) and most sellers decided to wait.

The really good news is that interest rates have come down already this year and are currently hovering in the mid 6% range.

The Federal Reserve and other important bodies have commented that they anticipate keeping rates down. Today's rates could potentially even get a bit more attractive as we get further into the year.

Clearly this is really good news for buyers and sellers alike and there's more optimism around right now.

Contact us at 435-327-2090 for an informal chat about your best options in the coming weeks and months.

Looking Forward to This Year's Housing Market with Optimism

 

Looking Forward to This Year's Housing Market with Optimism

Looking Forward to This Year's Housing Market with Optimism

Dec. 20, 2023

Merry Christmas from The Zimmer Family

Merry Christmas from The Zimmer Family


Wishing you a wonderful and joyous holiday season and a happy, healthy and successful 2024.

With Gratitude,
The Zimmer Family

Dec. 13, 2023

Great Tips for Holiday Safety

 

Great Tips for Holiday Safety

We are fast heading toward one of the most exciting and enjoyable times of the year.

It's also a very busy time and so easy to get caught up in the festive whirl.

Consequently, it makes sense to plan ahead to make sure your holiday season is a safe one.

Here are some great safety tips for the coming days:

  • Never leave burning candles unattended and keep them away from children and pets.
  • Don't overload electrical circuits, outlets and extension cords.
  • Plants including poinsettias and mistletoe, and even tinsel, are all serious health hazards to pets, if ingested.
  • Always stay in the kitchen when you're cooking.
  • Set timers to check on your cooking at the appropriate intervals.
  • Don't tempt opportunist thieves by placing displays of wrapped presents that are visible in a bay window, for example.
  • Check holiday lights for any storage damage, including frayed or broken cords.
  • Use holiday lights as directed and never leave them on overnight. Automatic timers are perfect for this.
  • If you choose a natural tree, ensure that it's watered daily and keep it at least three feet away from a heat source.
  • Look for a fire-resistant label when buying an artificial tree.
  • Wrapping paper can be a flash fire hazard so never throw it into the fireplace.
  • Don't hang stockings and other decorations over a fireplace that will be lit.
  • Christmas Morning can be hectic. Make sure you've read all safety instructions for presents the kids will be opening and playing with.
  • Spending the holidays away from home? It's best not to share this information on social media.

We hope at least some of these tips are useful. As ever, if you have any questions on real estate, don't hesitate to contact us at 435-327-2090.