Breaking up is hard to do – terminating a transaction

By asievert | Published: May 14, 2012

Breaking up is hard to do Your buyer has a change of heart.  That happens.  There can be multiple reasons  The inspection was a horror show  The preliminary title report showed some unsettling stuff that involves the city ordinance The CC&Rs are more rigid than expected Financing turned out to be more expensive than expected They simply do not love it anymore They went back and saw the neighbor leaving on Sunday at 8am on a loud Harley They went … Continue reading Breaking up is hard to do – terminating a transaction

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Corvallis one of 10 Markets is the US to expect double digit gains

By asievert | Published: May 9, 2012

CNN Money names Corvallis OR one of 10 nationwide markets to expcet double digit gains! We knew for a while that we hit bottom and were back, seeing multiple offers and above asking sales prices. Now what we felt is supported by data. In the market for a home here? Give me a call, mortgage rates are at record lows, what are you waiting for ? http://money.cnn.com/2012/05/09/real_estate/home-prices/index.htm  

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CNN Money predicts Corvallis RE to gain nearly 10% , great recovery

By asievert | Published: May 9, 2012

According to CNN Money, the  Corvallis RE market has lost in average about 12.4% during the 2011/2012. It now predicts a near 10% gain 2012-2013. That would mean a near complete recovery..     Corvallis, OR Metropolitan Statistical Area Forecast change: second quarter, 2011 – second quarter, 2012 +3% Forecast change: second quarter, 2012 – second quarter, 2013 +9.9%   Market fundamentals Median Family Income (Fourth quarter 2011) $77,800 Median Home Price (Fourth quarter 2011) N/A Change in Home Prices (From fourth … Continue reading CNN Money predicts Corvallis RE to gain nearly 10% , great recovery

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You never get a 2nd chance of 1st impression

By asievert | Published: May 8, 2012

What 1st impression does your property make when a buyer approaches and / or enters? Does he see nice landscaping, a mowed lawn,  clean entrance door? Or did your kids not pick up the toys last night and the dog tried to enter, leaving marks on the door? The very first impression your home makes is the same as a person smiling at you for the first time. If she has a front tooth missing and has some spinach between … Continue reading You never get a 2nd chance of 1st impression

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Change the LOCKS!

By asievert | Published: May 6, 2012

Trust is a wonderful thing! And it is a glorious moment when you have closed on your new home and your broker happily hands you the keys, garage door openers and if applicable, the codes (for gates, alarm system…). And since this is such an exciting time you might not give this all a second thought. But especially if your new home was under the same ownership for a very long time or of your seller is a very social … Continue reading Change the LOCKS!

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FHA financing: Credits may ruin your deal!

By asievert | Published: May 6, 2012

Ok, this is a bit technical BUT ABSOLUTELY CRUCIAL TO KNOW when you have FHA financing and are eligible to grants in addition to credits from your seller (closing cost, prepaids….) If you finance with 3.5% down and you get too much money from outside in addition (credits, grants) it might ruin your closing, even last minute, if there is a seller’s credit the lender sees too late. If you are not contributing the full 3.5% yourself anymore the bank might … Continue reading FHA financing: Credits may ruin your deal!

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Dos and Don’ts before closing

By asievert | Published: May 5, 2012

You have found the right property, made an offer, got accepted, had an inspection done, agreed on repairs and now you just await closing. So now onto buying some appliances, cabinets, making a down payment on the contractor bill, after all you are ready to get started, right?  That is actually a really bad idea. Banks will run your credit repeatedly right until closing and if you all of a sudden have  $10000 on a store charge card, even if … Continue reading Dos and Don’ts before closing

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Market Report Corvallis OR, Market Absorption April, 2012

By asievert | Published: April 30, 2012

Corvallis           Price Range Active Listings as of 4/30/2012 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds $0 – $99,999 0 0 0.00 * * $100,000 – $149,999 3 5 0.83 3.60 246 $150,000 – $199,999  25 25 4.17 6.00 92 $200,000 – $249,999 37 67 11.17 3.31 116 $250,000 – $299,999 29 30 5.00 5.80 117 $300,000 – $349,999 22 19 3.17 6.95 204 $350,000 – … Continue reading Market Report Corvallis OR, Market Absorption April, 2012

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Market Report: Market Absorption North Albany OR April 2012

By asievert | Published: April 30, 2012

    North Albany (Benton County)         Price Range Active Listings as of 4/30/2012 Sold Listings Last 6 Months Average Sold Per Month Months of Inventory Av. Days on Market Solds $0 – $99,999 1 0 0.00 * * $100,000 – $149,999 2 6 1.00 2.00 123 $150,000 – $199,999  14 13 2.17 6.46 116 $200,000 – $249,999 12 16 2.67 4.50 170 $250,000 – $299,999 12 7 1.17 10.29 85 $300,000 – $349,999 6 0 0.00 … Continue reading Market Report: Market Absorption North Albany OR April 2012

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Market Reports: Market Absorption Albany OR Linn County

By asievert | Published: April 30, 2012

Albany (Linn County)         Price Range Active Listings as of 4/30/2012 Sold Listings Last 6 Months Average Sold Per Month Months of Inventory Av. Days on Market Solds $0 – $99,999 32 27 4.50 7.11 144 $100,000 – $149,999 57 71 11.83 4.82 152 $150,000 – $199,999  43 56 9.33 4.61 135 $200,000 – $249,999 36 28 4.67 7.71 170 $250,000 – $299,999 16 2 0.33 48.00 153 $300,000 – $349,999 5 0 0.00 * * $350,000 … Continue reading Market Reports: Market Absorption Albany OR Linn County

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