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How Do I Save My Home From Foreclosure?

Friday, March 5, 2010
by Galand Haas

Good Monday Morning!

Our gorgeous Spring weather continues.  It sure beats what the East Coast is having.

Each week I receive a list of the NOD (notice of default) properties in the Eugene and Springfield area.  Unfortunately, the size of this list continues to increase week after week.  This indicates that more and more people are finding it hard to make their monthly home payment and are falling behind on payments to a point that their lender starts the foreclosure process with this notice.  The national and local economy has created an environment where there are just more and more people losing their homes. The latest numbers out indicate that as many as 1 in four home owners could go into default.  

A home foreclosure is very damaging.  It is hard on people both emotionally and financially.  For many people there is a very good alternative to giving their home up through foreclosure.  This alternative is called "Short Sale".  A "Short Sale" is a process where the home owner sells their home and then they are able to negotiate with their lender to take a deficiency pay off on their mortgage.  Not only can a "Short Sale" allow the home owner to remain in their home during the time of negotiation, but a "Short Sale" can also allow the home owner to have a much less devastating impact on their credit.  Today, most lenders would prefer that the homeowner goes through a "Short Sale" rather than losing their home to foreclosure.

The process begins by the homeowner first determining whether they qualify for a "Short Sale".  The Galand Haas Team helps many homeowners with this process.  Once we determine if the homeowner qualifies for a "Short Sale", we then put the home on the market for sale. Once we have a sale then we begin the process of negotiating with the lender on the "Short Sale".  There are only a few Real Estate agents in or area with the experience to help homeowners with the "Short Sale" process.  We are experts at "Short Sales", so if there is anyone you know who is facing foreclosure, have them contact us.  We just may be able to save them from a horrible situation.  They can contact us directly or visit our website at www.shortsaleeugene.com

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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3690 RIVER POINTE DR
Price: $485,000 Beds: 3 Baths: 2 Sq Ft: 2976
This beautiful home has a fantastic floor plan. It features wood floors, wall-to-wall carpet, skylights, canned lights, granite counters, stainless steel appliances, surround sound system, security system, vaulted ceilings, large bonus room. The mas...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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You Need to know Your Homes Current Value!

Monday, February 15, 2010
by Galand Haas

Good Monday Morning!

Happy Presidents Day!!!!!

Over the past several months I have completed several hundred Market Value Analysis reports for residents in the Eugene and Springfield area.  The primary reason for these reports is to give someone who has an interest or need in selling a home an approximate idea of what their home value is on the market today.  The typical result of this is that not only do the home owners go into sticker shock, but so do I.  Home values in most areas have dropped so drastically that even after doing hundreds of these reports and looking at hundreds of other homes currently on the market, the low prices of many homes in this market is shocking.  Not only are many prices well below county assessed values, but many of the homes are worth far less than what the owner paid for them. As we watch even more homes in our area go onto the nod (notice of default) list, the pressure on home pricing continues.  The more homes that we see go into foreclosure and short sale, the more pressure there will be on home prices.  Unfortunately, the nod list is not getting any less lengthy at this time.  This certainly could indicate that home value will continue their decline for quite some time in this market area.

If you live int he Eugene and Springfield or surrounding Lane County area you can easily get a good look at what your homes value has done.  Just log onto www.forhomesellers-nonSmartZip.com.  Here you can enter in the details about your home and quickly receive a complete e-mail report on your homes current market value.  The report will then be repeated and sent to you each month by e-mail.  It is just a great way to keep on top of what is taking place with your homes value.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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290 25th Street
Price: $165,000 Beds: 3 Baths: 2 Sq Ft: 1280
Very nicely updated home including brand new roof, vinyl windows, 100% Alder cabinets, Hardie plank siding, granite countertops, new appliances, new carpet, fresh paint, gorgeous fixtures on large lot w/ great landscaping in front. With a cute deck,...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Buyers market continues in the Eugene and Springfield area

Monday, February 8, 2010
by Galand Haas

Good Monday Morning!

The statistics are in for December of 2009 homes sales in the Eugene and Springfield area and also for the entire year of 2009.  Looking at both December numbers and numbers for the years there was not any huge swings in the market.  The one notable item though is that the overall trend remains as a declining housing market for this area.  For December 2009 closed sales were up though and by a gain of 38.4% over December of 2008.  Pending sales also saw an increase and were up by 24% over December 2008.  New listings also saw an increase and were up by 26.9%.  The average number of days it took for a home to sell in December was 118 days. The inventory of homes for sale hit 7.1 months, which remains clearly in the category of a buyers market.  Remember 6 months of inventory is even betwen a buyers and sellers market, less is a sellers market and more is a buyers market.

For the year of 2009 closed sales were off by 1.3% from 2008 and pending sales were off by 3.3%%.

The market remains extremely divided as the majority of home sales continue to fall in the price ranges of below $250,000. The market above $400,000 is extremely tough and almost non-existent above $500,000. Don't look for any radical change with any of these trends in the next 12 to 18 months.

Have An Awesome Day!

THIS WEEKS HOT HOME LISTING!

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725 MOUNTAINGATE DR
Price: $485,990 Beds: 4 Baths: 2 Sq Ft: 3172
Entry / Living / Dining / Family Mocha Stained Wood Wide-Plank Floors in Dining & Entry Custom Shelving & Cabinets in Den, Family & Living Areas Natural Gas Fireplace with Stone Surround & Custom Mantel Large, Private Den/Library Powder Room Conveni...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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It's a good time for move up and move down home buyers in the Eugene and Springfield market area

Monday, February 8, 2010
by Galand Haas

Good Monday Morning!

The first signs of Spring are appearing in the Eugene and Springfield area as the daffodils and tulips begin their annual appearance.  It won't be long until our Spring colors are here.

Is this a good housing market to trade up or down in?  This is a question that I am hearing more and more.  The answer is really a simple one.  Yes!  That is as long as you are remaining in this market area or moving to one with similar or lower home values.  The fact is that your home is most likely worth quite a bit less than it was several years ago, but remember the new home that you purchase has also taken a similar hit.  It's really trading apples for apples.  Now, you throw in the $6,500 tax credit for purchasing a new primary residence and the historically low mortgage interest rates and you have an environment that is very attractive for you to make that move.  This situation is especially true if you are a move up buyer.  Chances are that the more expensive home that you are moving into has taken a larger hit than your current home.

If this is a consideration for you, please contact me and I can easily do an evaluation on your current home and crunch the numbers for you.  This will give you a very good idea as to whether this is the best time for you to make the move.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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39640 DEERHORN RD
Price: $365,000 Beds: 3 Baths: 2 Sq Ft: 1652
Classy country home on acreage with park-like setting in the Mckenzie River Valley featuring hardwood floors, spacious living room with fireplace, large dining room & kitchen with laundry access. Large bedrooms & lots of storage. Master bed includes...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand Haas

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2010 May be a year of change and uncertainty with the Eugene and Springfield Real Estate market.

Monday, February 8, 2010
by Galand Haas

Good Monday Morning!

Happy News Years!

One thing that we can count on is that the new year will bring us just as much change and uncertainty with the Real Estate Market in the Eugene and Springfield area as 2009 offered.  The one bit of advice that I would offer anyone who is considering the sale of or purchase of a home in this market is to, "DO YOUR RESEARCH". This means to approach your decision to buy or sell by making sure that you are dealing with professionals who know the market in our area and who can offer you sound advice.  Making decisions without this may be painful and expensive down the road.  

As the top Real Estate Team in the Eugene and Springfield area, the Galand Haas team can provide you with honest information that will give you the certainty that your decision making process is easy and right on target.  Our priority is to help you and make sure that whether you are buying a home or selling a home that your decision is based on good sound knowledge and advice.  Each year we help hundreds of area residents with their home sale or purchase and make sure that we always protect their best interests.  Please contact us whether you are thinking of buying or selling, if you are behind in home payments and face potential foreclosure and need good advice or wish to explore refinancing your home.

Have An Awesome Week!

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4588 AVALON ST
Price: $145,000 Beds: 3 Baths: 2 Sq Ft: 1156
A very cute home with a spacious living room with pellet stove on brick, a good-sized master bed with bath and a fantastic ~bonus~ room from the converted garage. Outside offers a covered deck & fenced backard and a prolific cherry tree. This is a g...


AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Closed Home Sales Down In the Eugene and Springfield Market

Thursday, November 5, 2009
by Galand Haas

Good Monday Morning!

The Real Estate market statistics for Lane County are in for the month of May and they certainly indicate some continuation of existing trends.  Closed sales were down 9.9% over May of 2008, pending sales fell 4.2% and new home listings were off by a whopping 26.3% from May of last year.  The interesting facts are that closed sales grew by 33.5% in May over April of this year, pending home sales grew by 1.6% and listings declines by 1.1% over the same period of time.  There is currently an 8.1 month inventory of active properties for sale which is down by almost a point from April, but this number means that we remain heavy into the buyers market.

If you break this data down it shows you that home prices are down and continuing to decline, while there are far fewer homes to choose from. There was a large flurry of closed sales in May which is representative of the large number of homes that went pening in April  The trend for home sales locally is weakening with only a slight increase in the number of pending sales in May.  This could indicate that the recent rise in mortgage interest rates has put the brakes on our local housing market.  With fewer homes on the market, sellers chances for a sale look improved but fewer buyers in the market could negate that benefit quickly.

My current feeling is that with an unemployment rate of 13.5%, the Lane County housing market is going to be a bumpy road for some time to come.  Low mortgage interest rates could stimulate the market but further increases could have a seriously negative impact.  If you are considering the sale of your home, I would not hesitate any longer with getting it on the market. When you get it on the market price it right!

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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5947 OBSIDIAN AVE, SPRINGFIELD, Oregon

Price: $195,000.00

Beds: 3

Baths: 2

Sq Ft: 1439

Description: Charming home featuring a great floor plan with wood-lam floors, new carpet, fresh & tasteful paint & lots of windows for a light & bright kitchen, dining room and living room. Upstairs th ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Mortgage Rates Tick Up

Thursday, November 5, 2009
by Galand Haas

Good Monday Morning!

Eugene (Track City USA) was back in the national lights again this weekend with the Pre Classic track meet.  It was a fantastic event again.

With mortgage rates ticking up slightly it seems to have temporarily cooled our local market some.  Just as we were experiencing a nice surge with home sales the rates began to change slightly. It is too early to say whether this is a trend or if it is just a short and quick jump upwards before dropping again.  If the interest rate trend continues to climb, look for another cooling off period in the market.  This is good reason to take action quickly if you are considering buying or selling a home.

During this shifting Real Estate market all of our home values have changed.  If you would like to get a good idea of your homes current market value and then be updated monthly so that you always are in the know of what your homes value is doing and what's taking place with home values and sales in your neighborhood just log onto www.eugeneoregonhomesforsale.com/market.  Our new state of the art site will furnish you with detailed information on your home and other homes like your in your neighborhood with photos, graphs and complete data this is one resource you will love. The great thing is that once you sign up and set your profile the rest is automated and new information will automatically be sent to your e-mail in box every month.

Have An Awesome WeeK!

THIS WEEKS HOT HOME LISTING!

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1722 RUSSET DR, Eugene, Oregon

Price: $385,000.00

Beds: 4

Baths: 3

Sq Ft: 2272

Description: A classy home with parklike setting featuring a spacious, carpeted, living room, formal dining w/ rich hardwood, a family room w/ fireplace, a great kitchen w/ tile flrs., island, pantry & lots of ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Trends Change In Eugene and Springfield Real Estate Market

Thursday, November 5, 2009
by Galand Haas

Good Monday Morning!

The Real Estate market statistics for Lane County are in for the month of May and they certainly indicate some continuation of existing trends.  Closed sales were down 9.9% over May of 2008, pending sales fell 4.2% and new home listings were off by a whopping 26.3% from May of last year.  The interesting facts are that closed sales grew by 33.5% in May over April of this year, pending home sales grew by 1.6% and listings declines by 1.1% over the same period of time.  There is currently an 8.1 month inventory of active properties for sale which is down by almost a point from April, but this number means that we remain heavy into the buyers market.

If you break this data down it shows you that home prices are down and continuing to decline, while there are far fewer homes to choose from. There was a large flurry of closed sales in May which is representative of the large number of homes that went pening in April  The trend for home sales locally is weakening with only a slight increase in the number of pending sales in May.  This could indicate that the recent rise in mortgage interest rates has put the brakes on our local housing market.  With fewer homes on the market, sellers chances for a sale look improved but fewer buyers in the market could negate that benefit quickly.

My current feeling is that with an unemployment rate of 13.5%, the Lane County housing market is going to be a bumpy road for some time to come.  Low mortgage interest rates could stimulate the market but further increases could have a seriously negative impact.  If you are considering the sale of your home, I would not hesitate any longer with getting it on the market. When you get it on the market price it right!

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

5947 OBSIDIAN AVE, SPRINGFIELD, Oregon

Price: $195,000.00

Beds: 3

Baths: 2

Sq Ft: 1439

Description: Charming home featuring a great floor plan with wood-lam floors, new carpet, fresh & tasteful paint & lots of windows for a light & bright kitchen, dining room and living room. Upstairs th ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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What is My Home Worth In Today's Market?

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

What a great time of year to be living in the Eugene and Springfield area.  It is gorgeous here when Spring arrives.

Because of the changes in our local Real Estate market over the past couple of years one of the questions that I am asked often is, "what is my home worth now"?  For most of us the reality is that our home velue has decreased.  How much it has changed may depend a great deal on the price range of your home, your location, your homes age and condtion and other factors.  My team and I have worked hard and have put together a state of the art system for helping you keep tabs on what your home value is doing. We have developed a new e-mail system that not only will give you complete information on your homes current market value, but it will also give you information on what is happening with home values in your specific neighborhood. Our system is very complete and even provides you with photos of your home and neighborhood.  Our system is completley automated and it will also provide you with complete monthly updates by e-mail.  There is no cost and no obligation for this service.  If your rsidence in in the Eugene and Springfield area you can take advantage of this sytem by going to www.eugeneoregonhomesforsale.com/market. 

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 

Image Unavailable

33620 Indian Drive, Coburg, Oregon

Price: $260,000.00

Beds: 4

Baths: 2

Sq Ft: 1668

Description: 1/4 acre lot located in Coburg. This 4BR home has 1668 sq.ft. of great country living just minutes away from Eugene. Master and additional bedroom are on main level with two bedrooms upstairs. This ho ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The Fed Has Struck Again

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

The Fed has struck again!  This time the government has introduced a program to purchase $750 billion in mortgage backed securities.  The idea behind this is to lower mortgage interest rates. The program was announced last week and the immediate action has been favorable.  Wall Street responded favorably and 30 year conventional fixed rate mortgages also dropped to a level below 5%.  This rate is the lowest level in over 30 years.  For homebuyers this is even more favorable news. For those of you who read my e-mails, you know that I have been stating that this current market may be the best home purchase opportuity in most of our lifetimes.  I am now taking that statement to a new and higher level.  With the combination of extraordinary home pricing and historically low interest rates the situation for homebuyers may never be better.

Over the past several months I have been able to help many homebuyers who wanted to upgrade their home.  This is called a move up buyer.  This market is extremely favorable for move up buyers right now.  Yes, your home is not worth what it was a couple of years ago, but if you are upgrading to a more expensive home, that homes value has declined even more than your current home has.  In this kind of market move up buyers can achieve the purchase of the home of their dreams and earn some serious home equity at the same time.  If this is something you are interested in, please get in touch and I can help you with an assessment as to whether this would be a good move for you.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

92850 RIVER RD, Junction City, Oregon

Price: $495,000.00

Beds: 4

Baths: 2

Sq Ft: 2580

Description: This secluded country home on a private drive has a modern open floor plan that features skylights, wood floors, custom lighting, spa room, soap stone wood stove and solar hot water. The spacious kitc ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Haas Real Estate Team
Keller Williams Realty Eugene and Springfield
2645 Suzanne Way Suite 2A
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411
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