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Home Seller: What to do to sell at Top Market Value

by Galand Haas
VideoVideo

Good Monday Morning!

The one thing that remains constant about the Real Estate Market both nationally and locally is that it never stays the same for long.  Following the hot sales months of early Summer, the Real Estate market in the Eugene and Springfield area has cooled off some.  Now it is time for home sellers to pull out all of the tricks if they want to sell their home at top market value.  Of course the number one tactic is to price your home with the market.  Number two on the list is to get your home in show condition both on the inside and outside.  Greening up the lawn, fresh bark dust on the beds, trimming shrubs and trees and even painting the house can make your home more appealing and make potential buyers want to look inside.  

On the homes interior fresh paint, touch up nicks and fill holes in the walls along with going through and removing clutter and non needed items is important.  Cleaning the home thoroughly, including windows is extremely important.  If your home is dated, then replacing dated wallpaper, colors, counter tops and even appliances can add value to your home and help you get top value.

I think that it also important to have your Real Estate agent visit your home before you place it on the market to give you a check list of things that you should do.  Your agent can then visit your home as you accomplish these items on your list to give you direction as you get your home ready for sale.

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-September-2013

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1280 Rose St
Price: $274,800 Beds: 5 Baths: 3 Sq Ft: 2374
Beautifully Remodeled and Updated! Kitchen fully remodeled with 20ft of granite counter space, master bath completely remodeled, high-end laminate flooring in every room. Mini-master suite with family room accessibility. Living room with vaulted cei...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Did You Know: Appraisals

by Galand Haas

Good Monday Morning!

Happy Labor Day!

A fact that is part of an improving Real Estate Market is that appraisals usually lag behind home value increases.  This can take place because appraisals use home sale data from homes that sold and sometimes are not reflective as values increase rapidly.  The result of this can be a home sale at top value that does not meet the appraisers opinion of value as supported by comparable home sales in the area. In this way appraisals control the speed at which a Real Estate market can increase and is really a healthy check on keeping Real Estate markets from jumping too quickly and creating an affordability crisis.  Even though home sellers can sometimes be upset with a low appraisal the appraiser is one of the most important components of keeping Real Estate markets healthy over the long term.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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2647 Moon Mountain Dr
Price: $345,000 Beds: 3 Baths: 2 ½ Baths: 1 Sq Ft: 2061
Lovely Home in Fantastic Location! Only 8 minutes from downtown with country-like setting! Located 5 mins from U of O, less than 10 mins from LCC, and neighborhood park one block away! Hardwood floors, ash cabinets, vinyl windows, classic front porc...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The Numbers are in: July 2013

by Galand Haas

Good Monday Morning,

Here are the statistics for the Eugene and Springfield Real Estate market for the month of July 2013.

Real estate activity cooled slightly this month compared to June, but was up across all categories compared to July 2012. Pending sales (450) increased 27.5% over the 353 in June, and 23.3% over the 365 from July 2012.

New listings (592) dropped 1.7% from the 602 listings posted in June, but represent a 14.5% increase compared to last July. Similarly, closed sales dropped to 360 in July, a 4.0% drop over the 375 in June but a 14.6% increase over last July’s 314 sales.

Average total market time decreased this month to 76 days, and inventory increased slightly to 4.7 months.

Year-to-Date Summary

The 3,725 new listings represent a 14.5% increase over the 3,252 entered in the first seven months of 2012. There have been 2,485 pending and 2,150 closed sales through July 2013, up 19.8% and 20.1%, respectively, from 2,074 pendings and 1,790 closed sales by July 2012.

Average and Median Sale Prices

The average price through July is $226,800, up 15.2% from this time in 2012, when the average was $196,800. In the same comparison, the median price increased 15.7% from $172,800 last year to $199,900 this year. 

THIS WEEKS HOT HOME LISTING!

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89025 Sky High Dr
Price: $895,000 Beds: 2 Baths: 3 Sq Ft: 2850
Beautiful Sanctuary with Pristine Views! In a gated community offering privacy and seclusion, this 30 acre property is one of a kind! Open floor plan, walls of windows, granite counters, tile floors, high ceilings, gourmet kitchen, office and bonus/...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

by Galand Haas

While homeownership numbers may be down, Americans continue to believe that owning a home is still a good decision even as mortgage rates bounce up and down. According to the National Association of Realtors 2013 National Housing Pulse Survey, eight in 10 people believe that purchasing a home is a good choice and 68% believe that now is a good time to make a purchase. Since the last survey in 2011, renters who are contemplating a home purchase rose from 25% to 36% while those who stated they prefer to rent fell from 31% to 25%. More than half of the renters surveyed stated that one of their highest priorities is owning a home, up to 51% from 42%.  

We remain towards the lower end of a home value cycle.  This means that most likely home values will increase significantly over the next 5 years.  Even though mortgage rates have ticked up slightly, they remain well below the 10 year average.  This combination leads one to believe that investing in home ownership now is a wise decision.

Have An Awesome Week!


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88604 Ermi Bee Rd
Price: $549,000 Beds: 4 Baths: 3 Sq Ft: 3376
Wonderful Wooded Retreat! Surrounded by nature, this secluded 5 acre property offers lots of space and options! Granite, tile, skylights, vaulted ceiling, 4 decks, 3 sliders, beautifully landscaped grounds with water feature and pond, walking trails...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Don't Be Fooled By Pre-Qualification Letters

by Galand Haas
VideoVideo

Good Monday Morning!

With a more active Real Estate Market here in the Eugene and Springfield area, we are seeing offers much more frequently on homes for sale than we did over the past several years during a slower market time.  This does not mean that all offers are created equal. Even today, there are many buyers out there that just cannot qualify for home fiinancing and are making offers based on poor information from their lender.  Many of these buyers even have letters of pre-qualification from their lender.  Don't be fooled by pre-qualification letters. These are just letters that state that based on the initial information given to the mortgage broker the buyer is qualified to purchase.  Many times after these buyers get into contract and all of their information is actually sent to the underwriters for approval, things change and it is not always for the good.  If you are selling a home and you have an offer on your home, make sure that your buyer has an actual loan approval letter.  This means that the buyers financial information has already gone to the underwriters and was approved.  This is not 100% fool proof, but it is a much safer bet than a simple lender pre qualification letter.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-August-2013

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86453 Greenbriar Dr
Price: $945,000 Beds: 3 Baths: 3 Partial Baths: 1 Sq Ft: 5582
A Luxurious Oasis! Panoramic view of Fern Ridge, Coast Range, Sunset and Sunrise. Gated, privacy and a one of a kind home make this property exquisite! Spacious great room with 32ft vaulted ceiling & fireplace, 10’ ceilings and 8’ doors,...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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What the numbers mean for the housing industry.

by Galand Haas

Good Monday Morning!

The most recent report from the National Association of Realtors shows that the national median existing home price for the month of June increased 13.5% from June of 2012. This also was the 16th straight month of year-over-year price increases. At the end of June, total housing inventory also rose 1.9% and represents a 5.2 month supply which is still 7.6% lower than a year ago. Home mortgage rates are once again stable after Federal Reserve Chairman Ben Bernanke testified at the House Financial Services hearing last week. With unemployment still high, he stated that monetary policy will remain "highly accommodative". This means no changes in the near future.  This is great news for housing industry that remains on the edge.  A tick up with interest rates could send housing into another slump.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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2750 Grand Cayman Dr
Price: $450,000 Beds: 3 Baths: 2 ½ Baths: 1 Sq Ft: 3068
Gorgeous Home with Lots of Options! High ceilings, recessed lighting, lots of storage throughout, bonus room, office, library, formal dining room, plus well-sized laundry/mud room. Great room with living room, fireplace, built-ins, kitchen with larg...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

by Galand Haas

Good Monday Morning!

Concerned over the current spike in mortgage interest rates, Federal Chairman Bernanke spoke last week in an effort to calm markets. He stated that while the unemployment rate is a key indication of future Fed monetary policy, it may underestimate and not reflect the actual state of the labor market which may be weaker. He also stated that 'higher accommodative monetary policy for the foreseeable future is what is needed in the U.S. economy'. Volatility eased and mortgage rates settled down after Bernanke's comments.  it is evident that when Bernanke speaks it has an impact on rates, not matter what he says.  At this time there has not been any action by the Fed.  The fact is that action by the Fed to reduce bond purchases is on the horizon and this will have a long term effect of mortgage interest rates.

My suggestion is that if you are considerign a home purchase, don't wait.  We know that rates are going to tick up.  When and by how much is the mystery.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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920 Summit Blvd
Price: $310,000 Beds: 3 Baths: 3 Sq Ft: 2850
Hilltop Haven with Impressive Views! Perfect for entertaining with valley & mountain views, 4 decks, 3 sliders, hot tub, wet bar with sink and eating bar, and great room with fireplace! Large viewing window in living room, kitchen with large eating ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The Numbers are in: June 2013

by Galand Haas

Good Monday Morning!

The number are in for Real Estate activity in the Eugene and Springfield area for the month of June 2013.  Closed sales increased this month to 375 over the 357 in May. In fact, it was the best June for closed sales since 2007, which boasted 454 closed sales.

New listings numbered 602 in June—a decrease of 6.4% from May’s 643, but a 21.9% increase over the 494 listings posted in June 2012. Similarly, pending sales (353) decreased by 18.9% from May, but are still up 0.6% compared to last June’s accepted offers.

Average total market time increased slightly this month to 102 days, and inventory increased just slightly to 4.3 months.

Year to Date Summary

The 3,120 new listings represent a 14.7% increase over the 2,720 entered

in the first half of 2012. There have been 2,060 pending and 1,776 closed sales through June 2013, up 18.6% and 21.9%, respectively, from 1,737 pendings and 1,457 closed sales by June 2012.

Average and Median Sale Prices

The average price through June is $223,700, up 14.8% from this time in 2012, when the average was $194,800. In the same comparison, the median price increased 16.2% from $170,000 last year to $197,500 this year. 

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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2750 Grand Cayman Dr
Price: $460,000 Beds: 3 Baths: 2 ½ Baths: 1 Sq Ft: 3068
Gorgeous Home with Lots of Options! High ceilings, recessed lighting, lots of storage throughout, bonus room, office, library, formal dining room, plus well-sized laundry/mud room. Great room with living room, fireplace, built-ins, kitchen with larg...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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by Galand Haas
VideoVideo

Good Monday Morning!

One of the most important things to consider when purchasing a home is to have the home you are purchasing inspected by a prefessional home inspector.  I always suggest both a pest and dry rot inpsection and a whole home inspection.  The pest and dry rot inspector will look for any areas of dry rot, water damage and pest infestation or damage. The whole home inspector will inspect all systems in the home including electrical, plumbing, roofing, heating and cooling, etc.  If the property you are purchasing is rural, then you will also want to have a well inspection and a septic inspection.  By having these inspections completed prior to purchase you will be able to identify any existing or potential problems and make sure that you are not purchasing a home that has serious issues.  I would also highly advise you to be with the inspector as they go through the home.  This way any problems can be clearly looked at by you. A few dollars invested up from can save you from potential major problems down the road.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-July-2013

Image Unavailable
1280 Rose St
Price: $278,400 Beds: 5 Baths: 3 Sq Ft: 2374
Beautifully Remodeled and Updated! Kitchen fully remodeled with 20ft of granite counter space, master bath completely remodeled, high-end laminate flooring in every room. Mini-master suite with family room accessibility. Living room with vaulted cei...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Photo of Haas Real Estate Team  Real Estate
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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