Ask any real estate agent in the Portland, Oregon area and they will all say the same thing. The number one goal when taking on a listing is to Get The Listing Sold Fast! Working with the right Portland real estate agent can make or break the transaction. This is where the Godfrey Real Estate Group comes in. Here are a few items that can help with the process.
The seller should willingly be able to allow access to the home, condo, or apartment for any potential purchasers if they are realistically looking to sell fast. The more that the seller is unable to allow this to occur, the more likely the property will stay on the market even longer, potentially leading to less sales and even less value. Although Portland’s current market calls for fast sales and high turnaround, it would be wise to still stick with the tried and true method of traditional selling.
People make their first impressions based solely on the look and feel of the Portland home for sale. The better it looks, the better you look. Wax the floors, paint the walls, get rid of the old debri in any room and show the property. Whether looking to lease or sell, it doesn’t matter, presentation is key to the success of the transaction. The more presentable the home is, the more likely it is to sell fast.
Now has never been a better time to sell as the market is recovering, inventory is low and the prices are rising daily. We have heard this enough times to understand that yes, now is a great time to sell. The only issue is whether or not the buyer has available funds to purchase. This is where financing comes in. A good mortgage on the property can make or break any Portland real estate sale. Make sure that the buyer is serious when looking to purchase your property and allow them ample time to get the finances in order. This is tedious, we know, but a necessity when making the sale.
THE PRICE IS RIGHT
The price is always right. Even Bob Barker and Drew Carey could tell you that selling Portland real estate is all dependent on the price. Now in this current sellers market, negotiating may not be necessary and the listing price may actually end up being too low. That’s not a bad issue to have after all. The old marketing saying goes “put the price just below where the consumer won’t pay for it”. This will increase your profits and bring a happy seller, buyer and lender.
Grout cleaning may not seem to be a very important task but only a few know it’s vital role in keeping tiles and natural stones at place. Grout cleaning may become extremely difficult when the volume of dirt, fungi and bacteria collected becomes very high. Here are some proven facts that help to make the task of grout cleaning easier than ever before:
- Grout Sealing: Grout being a porous material has a tendency of being stained from dirt and liquids that it absorbs. The best way to prevent stains and discoloration of products would be to seal the grout. Today, the market is inundated with different types of sealants available at reasonable prices. Spending a little extra amount on your grout will help increase the life of your product. Grout sealers and stone sealers are very commonly used.
- Make Use of House-Hold Items: There are…
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Natural stones are made conspicuously by manufacturers. However, when you order natural stones you simply can’t guarantee that the product will reach your home in one piece and in the best possible way. Stone sealers are the first choice when it comes to protection of stones. After the use of stone sealers you can use resins. If you want to treat damaged granite and marble, the use of resin is advised.
The resin curing industry is more than a decade old. The use of resin comes with numerous issues like small cracks, imperfections and holes. Resins penetrate into cracks and holes to bring back not only the immaculate shape of the stone but also enhance the appearance of it.
It is resin that has helped make stone countertops easily available in the market. The use of resin is one of the main reasons that has triggered the use…
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Sometimes one needs a good and simple idea to pimp up a party room. If you want to make it easy and impressive, I think this idea is for you: some balloons, appropriated pictures for the event, a helium bottle…and it’s done!
If you want to do it yourself, just follow those instructions. Have fun!
As real estate agents, we don’t just sell residential real estate. We ultimately sell our time. Our actual job is to spend our time to work diligently with all of our clients. During our communication with our clients, we demonstrate why we are better suited to list their Portland Real Estate in comparison to our competitors.
Communication between real estate agents looking to rent or sell commercial properties to the millennial generation is crucial on this current and upcoming rise in the market.
When millennials are looking to purchase new homes in Portland, keep these ideas in mind:
Speed is crucial when dealing with the millennial generation. It is stated that on average, you must return an internet lead within 2 minutes to even have a shot at gaining that client. During any business day, you must call the lead within 10-15 minutes of the time they speak to you and if you have additional information on the market trends, properties or potential office spaces they may want to look at, then you need to tell them immediately. Millennials value time and how fast they can communicate. Whether it is through email, phone calls, text messaging or any other way, remember to speak to them as fast as possible.
Knowing the newest properties to hit the market is not your best arsenal anymore. Since the invention of the internet and access to the listings at the palm of the clients hands, this should not be your major selling tool. Display the fact that you are a seasoned veteran, know how to negotiate, work tirelessly for the client and have a wealth of knowledge about all things real estate related to gain their trust. Portland real estate agents are easy to find, you need to stand out from the crowd. Display all the information you can and you will be the only agent that they want working with them.
Texting, calling, emailing, video chatting and face to face conversations top the list of mediums of communication. Nothing truly beats face to face, but let’s face it, meeting on a daily basis where time is money is not always a possibility. Most millennials have unlimited texting and unlimited minutes on their cell phone. Staying in contact with them even through a text message is sometimes enough to keep them satisfied and up-to-date on all of the things going on around them. Purchasing a new Oregon home or renting a home is a big money transaction and the more that you can stay in touch with them to make this a smooth transaction, the better. Millennials are constantly in communication with one another and you should be too. Work hard to find the best way(s) to stay in touch with your buyers and sellers and you’ll find more business with millennials than you could have imagined. Oregon real estate is back on the map and these buyers/ sellers are storming the market daily.
What I am trying to say is, you must learn how Millennials communicate. You must understand that the internet was there for them before you were and they will take every opportunity to use it. Provide your negotiation skills in a professional manner and you will be displayed as a strong agent from here forward.
Technology never takes steps backwords, it only continually grows – much like the generations that have abruptly become our business base.
It is obvious to see that from a one year stand point, the Portland real estate market, housing interest rates and real estate in general is back. With a rise in interest rates of over 1%, as well as an increase in overall prices, the difference in payment is dismal to the average 2013 Portland home buyer. To say that $216 a month is a small increase is a vast understatement.
As projected, interest rates are set to sky rocket again in the next few months. Now is the best time to buy as interest rates will continually rise leaving certain home buyers looking at lower priced homes as monthly payments will drastically increase. Don’t get left in the dusk looking at what you could have had the month prior. Find your Portland Real Estate now and be glad that you did!
The company RealtyTrac has recently announced their Q1 2013 U.S. Foreclosure & Short Sales Report™. After thoroughly reading through all of the report, one of the most interesting and intriguing aspects of the actual report itself was the lack of completed Short Sales. According to the report, Portland real estate properties not in foreclosure that have been sold as short sales from the bank in the first quarter were accounted for an approximate 15% of all residential Oregon real estate sales. This is actually down an amazing 10% from the previous quarter (4th quarter of 2012) and down a very astonishing 35% from the first quarter of 2012.
Daren Blomquist, vice president at RealtyTrac, was also intrigued by the lack of short sales occurring:
“We expected foreclosure-related sales to be lower given the downward trend in new foreclosure activity nationwide over the past two and a half years, but the decrease in non-foreclosure short sales was a bit of a surprise given the 11 million homeowners nationwide still underwater.”
Certain Real Estate Heavy Markets Still Heavily Impacted
Although the overall United States numbers of real estate short sales are currently down, there are still a few markets in which this category is still a large issue. Here are the top six states with the highest percentage of short sales:
- Rhode Island (44%)
- Connecticut (42%)
- Massachusetts (40%)
- Nevada (29%)
- Florida (26%)
- Ohio (24%)
Here are the major real estate markets with the highest percentages of short sales:
- Boston (38%)
- Cleveland (33%)
- Memphis (32%)
- Las Vegas (32%)
- Detroit (30%)
Why is there a Decrease in Short Sales?
Even though the overall decrease is still very shocking to most home buyers, sellers and agents, Blomquist explains why this phenomenon may have taken place:
“Rising home prices in many markets are stunting the continued growth of short sales by reducing incentive for both underwater homeowners and lenders. Underwater homeowners may be willing to stick it out a few more months or even years in the hope that they will be able to walk away with money at the closing table and without a hit to their credit rating, and for lenders a failed short sale may no longer translate into bigger losses down the road given that average prices of bank-owned homes are rising — at a faster pace than non-distressed home prices in many markets.”
Even with this dramatic decrease in short sales, they are still going to remain a vital part of the real estate industry as 15% is a substantially significant number when looking at millions of homes being sold. However, the overall decrease is a great sign that the Portland housing market is turning around and the bidding wars that are occurring are going to be sticking around for as long as the inventory remains so low.
If you are thinking of selling your Portland home, now is the best time to do it. With low inventory and high amounts of buyers, you will see an offer within days of listing! Contact us at the Godfrey Real Estate Group and see how we can help make your real estate sale that much simpler! With mega agent Lori Godfrey, you can expect to have your home marketed, listed and staged beautifully!