The Jared Zimmer REMAX Properties Blog

 

Jan. 23, 2020

Mortgage Rates News Makes Listing Your Home Right Now Even More Attractive!

Mortgage Rates News Makes Listing Your Home Right Now Even More Attractive!

Earlier in the month we wrote about the advantages of not waiting until Spring to list your home.

Since then there have been a couple of important developments making early entry in the 2020 real estate market even more attractive.

It has been widely reported in the past few days that mortgage rates have dipped to the lowest levels in January since 2013. And it has just been announced that rates are also at a three month low.

This can only enhance already high levels of buyer sentiment, as borrowers seek to lock in a very low rate while it is still available to them.

While some sellers will incorrectly think that there's no rush to list and will wait until the weather improves, many buyers are taking a very different view and are acting now before any possible change in a very, very favorable situation.

Why miss out? And don't forget that the current low rates will make any borrowing for your next home cheaper.

Please don't hesitate to contact us today to discuss the best forward selling strategy for you, taking all your individual circumstances into consideration.

Jan. 9, 2020

Why It Makes Sense To Give Your Home Sale The Green Light Now!

Why It Makes Sense To Give Your Home Sale  The Green Light Now!

It's our first blog of 2020 so we'd like to wish you a very happy New Year filled with love, health and happiness.

And if you're thinking of selling your home in the coming months, there really is no time like the present.

It was a busy end to the year in Iron County real estate, but the fact is that a lot of sellers missed some great opportunities by temporarily withdrawing their homes from the market.

Most of these people have yet to re-list and a lot of them, plus many new entrants to the market, won't be putting their homes up for sale until the approach of spring.

Playing a waiting game is a questionable tactic when we still have highly motivated buyers actively looking for homes, not least because they can still take advantage of very low mortgage rate opportunities.

Better yet, if you list now you'll have fewer similar homes competing with yours for attention and your asking price is likely to be more robust than when the usual flood of listings arrives on the market as we get closer to spring.

So why not consider giving your sale the early green light. Contact us today to discuss the exciting opportunities in January.

Dec. 23, 2019

Happy Holidays! from the Zimmers

Happy Holidays! from the Zimmers

Wishing you a New Year filled with love, health and happiness!

Thank you for all your support and we're excited to help you with your real estate goals in 2020.

Best wishes
Jared, Cheryl, Wyatt and Axel Zimmer

Nov. 26, 2019

A Place of Peace

A stunning new Cedar City listing. A place of peace. This incredible property currently holds a Yoga/Wellness Center. 7.75 Mi W of Cedar, on 20.65 acres of treed hilltop land. There are 5 separate units: 4000 sf studio space, 900+ sf Bungalow, Large Yurt with commercial kitchen, 2 glamp sites + 17 other campsites. Partially off-grid with solar, electricity & heat. This is a very unique opportunity, must see! $1,200,000 - click here for more details and photos.

Nov. 26, 2019

A Big Thank You! From Us

A Big Thank You! From Us

This is a very special time of year and we'd like to mark it by taking this opportunity to thank you and all of our clients for entrusting us with your real estate needs.

It is truly a privilege and an honor to serve you and we wouldn't have achieved another very successful year without your highly valued and appreciated support.

The whole team at Jared Zimmer Real Estate wishes you and your family a wonderful Thanksgiving season.

Best Wishes,
Jared, Cheryl, Kassy and Kelsey

Nov. 7, 2019

First Time Buyers Are Set To Become An Even Bigger Influence In Real Estate

First Time Buyers Are Set To Become An Even Bigger Influence In Real Estate

First time home buyers have been making headlines recently.

Freddie Mac (The Federal Home Loan Mortgage Corporation) recently reported that, so far in 2019, 46% of the mortgages that it has purchased this year have been from first timers!

That is a staggering statistic and ample proof that the highly competitive mortgage rates we are continuing to see are really having a motivational effect for many people, who are finally breaking the ever more costly renting cycle and locking in an ultra low rate for the life of their home loan.

Inevitably, of course, there is a positive knock-on effect throughout the entire home selling chain. A lively entry level effectively causes a cascade effect through each property sector.

As if this weren't enough good news, the credit rating agency Transunion has produced a new report that says there will be around 8.3 million first time buyers looking to apply for a mortgage in the next three years! This compares with 6.6 million between 2013 and 2015 and 7.6 million between 2016 and 2018.

So it looks like we can look forward to a sustained period of new energy in the housing market!

This is another great reason why it's an excellent time to be selling, so why not contact us for an informal chat concerning your best options!

Oct. 23, 2019

How Continuing Low Mortgage Rates Will Boost The Fall Homes Market in Iron County

How Continuing Low Mortgage Rates  Will Boost The Fall Homes Market  in Iron County

We recently took a look at monthly average mortgage rates for 2019, provided by Freddie Mac, and noticed a significant trend in 30 year home loans:

January - 4.46%
February - 4.37%
March - 4.27%
April - 4.14%
May - 4.07%
June - 3.80%
July - 3.77%
August - 3.62%
September - 3.61%

As you can see, the average monthly rate has declined every month so far this year!

It's difficult to overstate the positive influence this has had on our real estate market during the year. Given that, other than the occasional brief upward spike, rates have continually fallen, month-on-month, means that positive buyer sentiment has significantly strengthened as the year has progressed.

Indeed, in a recent Forbes.com report, it was noted that first time buyers are really responding to this trend, with 46% of home loans purchased by Freddie Mac this year being for first timers - the highest figure for over 20 years!

A vibrant entry level sector has an enabling effect throughout the rest of the house purchasing chain, so this is fantastic news.

Of course there's no guarantee how long rates will continue to show monthly average falls, so we can confidently expect buyers to be out in force in the coming weeks, as they try to lock in an ultra-low rate while they know they still can.

This is an extra motivation this year, on top of the usual great reasons for buying in the fall, including the upcoming job relocation season, moving in before the holidays and closing the home purchase before year end for tax reasons.

Why not contact us today for an informal discussion of how best to capitalize on this great opportunity.

Oct. 9, 2019

Will Your Agent Maximize Your Chances Of A Home Sale This Fall?

Will Your Agent Maximize Your Chances  Of A Home Sale This Fall?

While some home sellers very incorrectly take the view that the fall/winter isn't a great time to sell, incredibly it would seem that some agents are of the same opinion...

Every year, at about this time, it's noticeable that some agents start to take their foot off the gas for their clients. They presumably feel that they've earned sufficient commission for the year and decide that a nice long holiday, or at least coasting with minimal effort, stretching right into the New Year, is preferable.

It's possible for an agent to get away with this if his/her clients unwittingly think that they unlikely to sell their home until the spring.

Nothing could be further from the truth, especially this year when we have very, very low mortgage rates, with absolutely no guarantee that they'll still be available in 2020. This means that buyers are highly motivated to close on a home and lock in a low rate while they still can. They are certainly not hanging around to see what happens...

Apart from that, this time of year sees other unique positive factors coming into play. Some buyers will be trying to move in before the holidays, so they can entertain and enjoy their new surroundings. Others will be keen to conclude their sale before the end of the year for tax reasons and we are also heading for peak job relocation as the year turns. Additionally, buyers tend to be in a very emotional and positive frame of mind, which means they are much more likely to make an offer.

But if your agent is effectively absent, then how can you take advantage of what has been a very busy last few months of the year in recent times!

A top producing agent, on the other hand, works tirelessly throughout the 12-month real estate cycle, making the same consistent efforts for clients that involve talking with potential buyers, buyers agents and other key influencers every single day and maintaining a high level marketing presence.

That's because seasoned and successful agents have worked this cycle many times and know that the period approaching the end of the year can yield fantastic results both for their clients and themselves.

Now is therefore the time to quiz your agent on what the actual plans are to get your home sold in the coming weeks. Please feel free to reach out to us and discover what we do all year round to average over 130 sold properties per year, compared with the average agent barely selling one home per month.

Sept. 26, 2019

Is Your Home Ready For Fall/Winter?

Is Your Home Ready For Fall/Winter?

Fall is already here, but there should still be a few weeks of pretty decent weather ahead of us, giving you time to prepare your home for the much colder months to come, if you haven't already done so.

We thought now would be a very good time to remind you of some of the maintenance tasks that need to be done as soon as possible.

Trees and shrubs - Pruning really helps to minimize the potential for broken branches in stormy weather. If you have dead branches or leaves that are changing color very early, or if you spot exceptionally thin or brown pines, then some form of treatment may be necessary.

Gutters and downpipes - Carry out appropriate checks of your home's rainwater management systems, ensuring that gutters and downpipes are free of debris that can cause blockages. It's important to continue to monitor the situation as leaves fall. Ensure that your downpipes aren't discharging water to your foundations and re-route as applicable.

Roofs/siding/brickwork - Check now for any signs of damage before water ingress becomes an issue. A pair of binoculars can be really useful when inspecting your roof or other elevated areas.

Seal gaps - Critters will also be keen to stay warm, so make sure you don't have unwanted guests by sealing up any holes where wildlife might enter the property.

Sprinklers - These should be winterized by draining water from pipes and using compressed air to blow air through them.

Railings, walkways, drives - Make sure these are all in good shape and capable of easy snow removal. And, as arrival of the first significant snow can often be quite sudden, make sure you have plenty of ice melt in stock.

External faucets - These are prone to freezing, which can in turn cause pipes to burst in the home. Polystyrene faucet covers are very inexpensive and offer excellent protection. Be sure to fit them before the first freeze. Hoses should also be drained and stored indoors.

External lighting - With more hours of darkness happening soon, effective external lighting becomes more important, both from a safety and security perspective. So make sure all bulbs are functioning and decide if some areas of your property could benefit from better lighting.

External paintwork - If paint is flaking outside, as it often can after many months of heat and sunshine, now is the time to touch it up for protection over the coming months.

Heating systems - Now is the time to get your annual service done. Prevention is so much better than cure.

Ceiling fans - As it gets significantly colder, don't forget to reverse the air direction to redirect rising heat back down into the room.

Windows and doors - Check now for any signs of air leakage, and use appropriate sealants, weatherstrips etc. You'll enjoy a more comfortable fall and winter and have better energy/cost efficiency.

Smart thermostats - The latest smart thermostat devices offer great all year round temperature control and can reduce your energy bills too! Some of them even allow you to change the temperature via your smartphone or by voice using systems such as Amazon Alexa.

We hope you find at least some of these tips useful. As always, please don't hesitate to contact us if you have any questions relating to real estate.

Sept. 11, 2019

As the weather cools...so does the local real estate market. Capitalize while it’s still hot...

As the weather cools...so does the local real estate market. Capitalize while it’s still hot...

While home buyers are active throughout the year, there's no question that, this year in particular, it could pay dividends to consider listing your home right now.

There are a number of important reasons for doing this.

Firstly, market conditions are extremely favorable, due to the continuation of strong buyer sentiment, thanks to a combination of falling mortgage rates and Federal Reserve interest rates.

Secondly, and critical in our wonderful part of the world, there is some talk that we could be heading for a cold winter with above normal snowfall levels. While long range forecasts are never completely reliable, of course, we do live in an area that is always susceptible to bad weather, which inevitably has a negative knock on effect with buyers, who may struggle to get to view homes and/or will want to see them when they aren't covered in snow. Very cold temperatures can also act as a major disincentive.

Therefore there are some compelling reasons right now why delaying your sale may be problematic. But there are other important considerations such as if the economy will sustain, plus the possible uncertainties of an election year.

As we write, buyers are very proactively looking for homes and to lock in those very attractive low mortgage rates while they still can (there are no guarantees how long that trend will last, after all).

Please contact us today and we'll discuss your individual situation with you and further explore why it pays to sell now and avoid the risk that the market changes significantly in the coming months.