Think outside the Big Box

As many of you know, the City Council of Keizer is meeting tomorrow to talk about the zoning change to the corner of Lockhaven and Chemawa Rd to allow for a 120,000 sq foot store instead of the currently zoned 10,000 sq feet. This is a hotly debated issue since a store of that size…

Fannie and Freddie

When you see a lender to take out a loan for a home, the bank either retains the loan in house, or sells in on the secondary mortgage market. . Banks “bundle” loans together and sell them off to investors. The secondary mortgage market only buys loans, they don’t start them. The secondary mortgage market…

Imaginary Profit

Just today I was out with a buyer looking at a home they liked. What they didn’t like was the price. The homeowners purchased the home 12 years ago. I won’t go into details as my buyers like the home, but at the current asking price the sellers would make a 186% profit on the…

Time for some originality

As a real estate agent I see soooooo many listings and read a multitude of agent comments. Some agents really excel at writing comments that make you want to go and see the home. Others…well…let’s just say they could use a little creative writing course. Some of the most overused words… Location, Location, Location…I think…

Is your agent up to the task?

I was on another online group reading some comments. An agent from the Arizona area stated that in her area, only 6% of homes that were listed were heading to a close this year. So that means 94% of the listings in her area are not successful sales. I was intrigued by this statistic so…

A picture is worth a thousand words

I was on the MLS screening homes for my clients to look at this past Saturday. As I was flipping through this listings I came upon one that I was completely confused by…it left me wondering about agents. The photos on this listing were blurry and dark. There were pictures of, I assume, the homeowners…

To Buy or Not To Buy

I’m being asked a lot lately about whether or not buying a house right now makes sense, or should you wait until Spring as prices continue to drop. That depends… Yes, the projections are and the local Salem market trend is, that seller’s are continuing to lower their prices as inventory climbs. There are 31%…

Lowest Equitable Price??

I have my ABR and in reading the September/October issue of The Real Estate Professional, I found something that I HAD to talk about. Bruce Benham, the CEO of Re/MAX International, writes an article called “Become Their Trusted Expert.” In the article he talks about helping buyers set attainable goals. He writes, “Once your buyers…

Selling in a buyer’s market

Seller’s are finally starting to understand the nature of the current real estate market here in Salem. Oregon has not been as hard hit as other parts of the country, but make sure your expectations are appropriate. What do you need to know? Real estate is about supply and demand. It’s that simple. The more…