Happy Easter Everybody! May God richly bless you this Easter and always.
From all your friends at Fairstone Properties.
RMLS™, “The Source for Real Estate Statistics,” has released their latest monthly residential real estate statistical report for the Metro Portland Area providing marketing statistics as of the end of March 2019. We remain in Seller's market ... Inventory decreased to 2.2 months and average price of homes increased to $452,700.
If you’re thinking about buying a home, you’ve probably received your share of advice from family and friends. Add to that the constant stream of TV shows, news segments, and social media posts that over-simplify the home buying process for easy entertainment.
With so much information to sift through, it can be tough to distinguish fact from fiction. That’s why we’re revealing the truth behind some of the most common home buyer myths and misconceptions.
Buying a home is a big decision, but it doesn’t have to be a scary one. If you arm yourself with knowledge and a qualified team of support professionals, you’ll be well equipped to make the right choices for your family and financial future.View More
RMLS™ "The Source for Real Estate Statistics," has released their latest monthly real estate statistical report for the Metro Portland Area providing market statistics as of end of February 2019 indicating this was the "coolest February for new listings in the Portland metro area since 2014." While median sale price continued to increase, inventory decreased to 2.7 months.
Interest rates have been holding in the low- to mid-fours for past couple months and we're expecting to remain relatively stable. We're also waiting to see the whether the British exit the EU; uncertainty globally tends to move our rates lower.View More
It’s easy to look up how much money you have in your savings account or the real-time value of your stock investments. However, determining the dollar value of a home is a bit trickier.
As a seller, knowing your home’s worth helps you price it correctly when you put it up for sale. If you price it too high, it may sit on the market. But price it too low and you may be losing out on a good chunk of money (nobody wants that!). For buyers, it’s important to know a home’s worth before you make an offer. You want your offer to be competitive, but you don’t want to overpay for the property.
Even if you’re not a buyer or seller right now, as a current homeowner you might just be curious about the value of your home. Keeping track of the value of your property year over year helps you understand trends in your market. So when you are ready to sell, you can take advantage of a good window of opportunity.
The good news is, a trained real estate agent—who understands the nuances of your particular neighborhood—can determine the true market value of your property … and at no cost to you!
RMLS™, “The Source for Real Estate Statistics,” has released their latest monthly residential real estate statistical report for the Metro Portland Area providing marketing statistics as of the end of January 2019. Median sale price remains the same as last month at $400,000. Mortgage rates appear to be in a holding pattern. This is the sort of status we see when underlying financial markets may be waiting for any movement prior to committing to the next rate change.View More
Chap Bettis in his blog: "Valentine's Day and Christian Dads or Why I Still Send Valentine's Gifts to My Daughters" says: "There is something about knowing florists, card-makers, and restaurants make a killing off this self-declared holiday that makes me a little crazy. Each year I stare it in the face and waver. But my kind wife gives me a little push. And I am glad she does. Each Valentine's Day, my single adult daughters receive a significant gift from us. Why?" Happy Valentine's Day! May you be surrounded by those you love.
If you’re a current homeowner, or in the market to buy, you’re probably curious about the latest trends in home design.
Sellers who make strategic updates before listing a property can generate increased interest from buyers and, in some cases, a premium selling price. And buyers should consider which features of a home will need updating immediately (or in the near future) so they can factor renovation costs into their overall budget.
Even if you have no immediate plans to buy or sell, we advise our clients to be thoughtful about the colors, materials, and finishes they select when planning a remodel. Making over-personalized or unpopular design choices could hurt a home’s value when it does come time to sell. And selecting out-of-style or overly-trendy elements could cause your renovation to feel dated quickly.View More
We've all noticed the various surveillance equipment now installed in and around homes and most likely appreciate the security they provide to our own homes and families. However, what courtesies and disclosures shall we expect and provide when buying and selling those same homes?
This article, written by Jay S Gregory and provided by CRES Insurance Services (the company providing our E&O insurance), answers that question:
Many homes these days have surveillance equipment ranging from high-tech motion detector and video cameras to so-called "nanny-cams." Not surprisingly, home sellers use such equipment either to protect their belongings during open houses and showings or to gain information concerning buyers' reactions to their homes. A prominently displayed surveillance system and/or conspicuous signs alerting visitors that a system is in use can deter would-be criminals from taking a seller's personal belongings. But in addition to acting as a shield, home video surveillance systems can also act as a sword and provide negotiating advantages to sellers.View More
RMLS™, “The Source for Real Estate Statistics,” has released their latest monthly residential real estate statistical report for the Metro Portland Area providing marketing statistics as of the end of December 2018 confirming we continue to have less activity in both new listings and closed sales along with another increase in the average time on market. That good news indicates that we're cycling towards a more normal market.