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The Real Estate Market is Heating Up

Monday, April 9, 2012
by Galand Haas
Good Monday Morning!

Both nationally and locally it looks like the Real Estate market is heating up. All of the fire however is in the price ranges that are either available to first time buyers or investors.  This is certainly the situation here in the Eugene and Springfield market area.  Homes under $150,000 that are in good areas and cash flow as rentals are moving quickly.  Multiple offers are even taking place on many of these homes, especially those under $100,000.  It is my observation that at this time, homes that fit into these categories are no longer subject to a buyers market. This fact is proven by the fact that inventories of homes in the under $125,000 price range are well under 6 months.  6 months of inventory is the division between a sellers and buyer market.  Over six months and it is a buyers market, under it is a sellers market.  Don't look for this trend to change at any time soon.  Investors who are late to jump in, just may have missed the best part this market.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTINGS!

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2848 Metolius Drive
Price: $299,900 Beds: 4 Baths: 2 ∏ Baths: 1 Sq Ft: 2104
Fantastic home! Inside features open floor plan, vaulted ceiling living room with fireplace, large family room with slider to backyard, dining room with slider to deck, well-sized bedrooms, laundry, great updates throughout! Large master suite with ...
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704 Sprague St
Price: $290,000 Beds: 4 Baths: 2 Sq Ft: 1955
Light & Bright Charming Home! High ceilings in living and family room, large windows for lots of natural light, fireplace with marble surround, travertine stone floors, kitchen with granite counters and slate backsplash overlooking family room, dini...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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What to look for in a Buyers Agent

Monday, April 2, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

Today more than ever it is very important to make sure that you are represented by a Buyers Agent when purchasing a home. The truth is that all agents are not created equal and you will want to make sure that you are represented by an agent who is a professional with a strong track record.  Your Buyers Agent needs to know the market that you are interested in very well.  They need to know both the available inventory of homes for sale and at what prices homes are selling at.  Your Buyers agent will also need to be knowledgeable about home financing options, have a list of reputable inspectors and repair professionals and be a strong and solid negotiator.  I strongly suggest that before you commit to working with a Real Estate agent that you meet them at their office and interview them.  Meeting them in their professional environement will tell you a great deal.  Don't be afraid to ask questions and also ask for a list of references.  Once you have selected an agent you will want to work solely with that one agent.  Most Buyers Agents will ask you to sign a Buyer Broker contract.  Choosing the right agent will insure that you purchase the right home at the right price and don't have problems along the way.

Have An Awesome Week!

 
 

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-April-2012
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2848 Metolius Drive
Price: $299,900 Beds: 4 Baths: 2 Partial Baths: 1 Sq Ft: 2104
Fantastic home! Inside features open floor plan, vaulted ceiling living room with fireplace, large family room with slider to backyard, dining room with slider to deck, well-sized bedrooms, laundry, great updates throughout! Large master suite with ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Real Estate Market Update

Monday, March 26, 2012
by Galand Haas

Good Monday Morning!

The Real Estate market never rests.  Nationally, home sales were down in February after several months of improvement.  Locally, we will wait for another week or so to see what the trend looks like.  My guess is that our local market has also slowed some.  The inventory of homes for sale is beginning to build again after reaching a low of 6.4 months of inventory in January of this year.  I don't think there is any question that we have a ways to go before we see any long periods of steady improvement in the housing market both locally and nationally. 

If you are considering the sale of your home and you think that you just might wait this out, think again.  It will most likely be 7 to 8 years before your home reaches back to the price point it is at today and maybe 15 to 20 years before we see home prices reach where they were at the peak of the market several years ago.  Make sure you consider this if you are thinking about selling your home soon.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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82590 Barbre Rd
Price: $475,000 Beds: 3 Baths: 2 Sq Ft: 2754
Custom Creek Front Oasis! Open floor plan with wonderful views of the creek and mountains. Vaulted ceilings, skylights, gourmet kitchen with Cherry & Hickory cabinets and walk-in pantry, laundry room, master suite with walk-in closet and access to p...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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What kind of homes should I be looking for?

Monday, March 12, 2012
by Galand Haas

Good Monday Morning!

One of the most common questions that I am asked is about foreclosure homes.  If I am in the market for a great deal on a home purchase should I only be looking at foreclosure homes?  The answer to this question is simple. No!  If you really want to take advantage of our current market you need to be looking at all homes that meet your needs, conventional listings, foreclosure listings and even short sales.  By doing this you will be able to not only have a great idea of what's out there but you will soon be able to tell what is a good buy and what is not.  Foreclosure homes are not always a great deal.  The truth is that in this market we find more great purchase opportunities with conventional listings than with the bank owned properties.  There are many good buys out there right now and many more coming in the months ahead.  For those buyers who are smart with their home search process and who have patience there will be some great opportunities.

Two very easy ways to stay on top of the home purchase market are to sign up at these two web sites.  www.forhomeinfo.com will allow you to search live for all homes for sale in the Eugene and Springfield areas and save your search criteria to update you daily by e-mail as new homes meeting your needs hit the market.  www.eugenebankowned.com will send you a weekly e-mail list of all bank owned and foreclosure homes for sale in the Eugene and Springfield market areas.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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1355 Pleasant St
Price: $160,000 Beds: 4 Baths: 2 Sq Ft: 1470
Delightful home in great location. Inside features newly renovated master bedroom with private bath. Good layout, open kitchen, great oak floors, plus large family room with slider to backyard. Outside features lawn with sprinkler system and huge fe...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The Real Estate Market in the Eugene and Springfield Area

Monday, March 5, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

We had a little taste of Spring over the weekend here in the Eugene and Springfield area.  Let's hope there is lots more on it's way soon.

The Real Estate market in the Eugene and Springfield area has improved some, but selling a home remains to be a tough situation for most sellers.  The good news is that we are selling homes, but the ones we are selling have several key factors going for them.  The most important factor that they have going for them is that they are priced right.  Over priced homes just sit and watch the market go by. Even homes that are slightly over priced don't sell in this market.  The second factor that will help any home sell in this market is condition.  Making sure that your home looks great will not only help it sell, but it will help you get top dollar for your home.  Doing paint touch up, dressing up landscaping, taking care of general repairs and even staging your home can make all of the difference in this market.

The reality is that the market here in our area will most likely continue to decline in value for another year or so.  When the housing market does hit bottom we will remain there for three to four years in a flat market before we begin a slow climb out.  It may be eight to ten years before we reach values where they sit today.  So unless you can wait this long to sell your home, it is best to price it right now and make sure that it shows well. The quicker it sells, the more money you will realize form your home sale.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-March-2012
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2434 Royalann Ln
Price: $305,000 Beds: 4 Baths: 2 Partial Baths: 1 Sq Ft: 2339
Beautiful home in Cherry Hill Estates. Features gorgeous wood floors and great separation of space. Living room with fireplace, large kitchen with granite counters, eating bar & pantry. Large master suite with walk-in closet plus bonus room! Family ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Housing Market Update

Monday, February 27, 2012
by Galand Haas

Good Monday Morning!

January saw the housing market improve from a year ago in the Eugene and Springfield area by over 30%.  Nationally, we have watched as 3 out of the last 4 months have seen improvements in home sales.  Nationally, the numbers were up by 4.3% in January.  This is good news because typically home sales and improved construction of new homes will lead the way for any kind of economic recovery.  It is an interesting cycle because an improving economy fuels home sales and home sales fuel economic recovery. If we can see 3 to 4 more months of steady recovery in our local area it will be a great indication that employment numbers, etc. will start to improve soon.  I will keep you updated on what the local housing market is doing.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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2491 Blackburn St
Price: $259,000 Beds: 4 Baths: 3 Sq Ft: 2338
Spacious home with great updates! Great separation of space throughout. Kitchen and baths updated with granite counters and tile floors. Kitchen also features oak cabinets, eating bar, and pantry. Large master suite with in-room vanity and walk-in c...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Statistics for January Home Sales

Monday, February 20, 2012
by Galand Haas

Good Monday Morning!

The statistics are in for January home sales in the Eugene and Springfield area.  January was an improved month for home sales if you compare it to January of 2011.  Just remember that January of 2011 was one of the worst months for home sales in recent years. Closed sales were up by 28.6% over January of 2011 and pending home sales were up by 12.2% comparing the same time periods. The interesting thing is that home sales were down by 13.9% in January 2012 compared to December of 2011.  January saw 198 homes sales and December had 230.  Pending sales actually increased in January 2012 over December of 2011, which is a good sign.  January had 249 pending sales compared to 228 in December.  There is currently 7.8 months of active home inventory and this is considerably less than the 12.4 months of inventory we had in January of 2011.  However, the 7.8 month of inventory in January is up from the 6.4 months of inventory we had in December of 2011.

All of this is good news because the market seems to be stabilizing somewhat at this time and not continuiing in free fall mode.  Time will tell as to where the market is actually heading.  I would say that the current market is very fragile and any bad economic news or mortgage interest rate increases could send it tumbling.  For now though there is a bit of hope that we are on the road to recovery.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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4450 S. Shasta Loop
Price: $650,000 Beds: 3 Baths: 3 ∏ Baths: 1 Sq Ft: 3874
Stunning ICF-constructed, custom home! Enjoy media, family room, guest room and spa room! Great separation of space, skylights, fireplace, large kitchen with 2 sinks, pantry, lots of storage, and nook. Two bedrooms with in-room vanities. Master suit...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Things to consider before buying a home

Monday, February 13, 2012
by Galand Haas

Good Monday Morning!

The dream of homeownership is still at the top of the list for many.  Today's lower housing prices and low mortgage interest rates have certainly made this dream a reality for many.  If you are considering a home purchase either now or in the near furture it should be a great investment for you over time.  Part of the consideration process for a home purchase is making a budget.  Along with your home payment, here are just a few additional things that you might want to consider when making that budget.

1. Property Taxes:  In Oregon property taxes vary considerably.  Depending upon whether you purchase in Eugene or Springfield or different parts of either town, your property taxes may vary a great deal.  If you are purchasing a rural property they will be much less than a property in town. You will want to get an idea of what your property tax amount might be and add this to your monthly payment expense.

2. PMI or mortgage insurance.  If your down payment is less than 20%, you will be paying for morgage insurance.  You can get an idea of this cost by consulting your mortgage professional. You will also want to add this to your monthly housing costs.

3. HOA Fees.  Many neighborhoods have associations and many have monthly or yearly fees involved.  You will want to determine if the home you are thinking of purchasing is in an HOA and then determine what fees if any are involved.  This also may add to your monthly housing expense.

4. Homeowners Insurance.  You will also need to have a homeowners insurance policy on your home.  The rates for homeowners policies will vary because of location, home value and of course add ons such as earthquake or flood insurance.  You will want to get an good idea from your insurance agent on these costs and add this to your monthly housing expense also.

5. Utilities. Utilities, which include water, sewer, electric, gas, etc. can also vary significantly from area to area depending upon the utility company that services each specific neighborhood.  The costs can also vary a great deal from home to home depending upon age of the home, heating source and of course size of the home.  You can get estimates on costs from your local utility companies.

6. Appraisal and other closing costs.  Your home mortgage professional can give you a good idea on what these costs might be.  These costs are up front costs that you will be required to pay upon closing your home purchase transaction.  Also, ask your mortgage professional or your Real Estate agent about how you might get your seller to cover some of these costs.  It is important to know these fees so that there are no surprises at the closing table.

If you are interested in purchasing a home and would like professional help with determining these costs and also looking at just how much home you can purchase in this market, please call us. We help hundreds of buyers each year set a budget as part of the home purchase process.

Have An Awesome Week!

 
 
 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Real Estate in Eugene/Springfield

Monday, February 6, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

The sunshine has certainly been welcome here in the Eugene and Springfield area.  It looks like a full week of it ahead.  Enjoy!

A very low inventory of homes for sale in our area continues to make it tough for buyers.  This is especially true in the first time buyer price ranges of $175,000 and below.  This could continue to be the situation for the months ahead.  If this condition continues it could cause the end of the buyers market and slowly shift our market in favor of sellers. For first time home buyers this could make it much harder to purchase a home down the road.  We will keep you updated as this unfolds.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-February-2012
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202 Foxtail
Price: $175,000 Beds: 2 Baths: 2 Partial Baths: 1 Sq Ft: 1744
Very classy condo in wonderful natural setting with a great 2-level floor plan. Offering a spacious living rm, open dining area, well-designed kitchen & cozy family rm with access to a deck. The upstairs master features a lovely vanity, private bath...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

Monday, January 30, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

Here is this months Eugene and Springfield Real Estate update!

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/Galand-Haas-EugeneSpfld-Market-Update
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3640 Meadow View Drive
Price: $625,000 Beds: 3 Baths: 3 Partial Baths: 1 Sq Ft: 4100
Magnificent Home on the Golf Course! Wonderful views from almost every room! Formal dining room, office, butler’s pantry, entertainment room with bar and see-through fireplace. Vaulted ceilings, lots of windows, beautiful archways and finishes...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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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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