How Does the Supply of Homes for Sale Impact Buyer Demand?

by | Oct 2, 2018 | Buyers, First Time Home Buyers, Home Search, Pricing, Sellers

Even as peak season fades, low inventory continues to drive buyer demand in Oregon. SELLERS have less competition, so price it right while demand is higher. BUYERS be prepared to MOVE on well-priced properties with a strong offer strategy.

The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand).  Learn more…

Are Home Prices Softening or Are They Falling?

by | Sep 26, 2018 | Buyers, First Time Home Buyers, Home Search, Housing Market Updates, Move-up Buyers, Pricing, Sellers

Market prices are beginning to balance, not FALL. We’ve gotten used to the pace of price increases and now they’re showing signs of slowing down. Listing prices will have to follow suit to be in line with the current market.

We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values.

Many of these headline writers will confuse “softening home prices” with “falling home prices,” but there is a major difference between the two.  Learn more…

How to Prepare Your Home for Sale

by | Sep 18, 2018 | Pricing, Sellers, Selling Your Home
  • PAINT:  Easiest way to freshen the look and update.  Neutral colors attract more buyers.
  • LET FRESH AIR IN:  Get rid of strong odors like tobacco, pets, or food and add fresh flowers or bake cookies.
  • CLEAN EVERYTHING:  Cleanliness signals a well-cared for home vs. messy/dirty allows more focus on flaws.
  • FIX ANYTHING BROKEN:  Don’t give a buyer a reason to make a lower offer.  Fix known issues to present a well-cared for home.
  • LET THE LIGHT SHINE IN:  Make the space more inviting with open blinds or curtains and brighter light bulbs.
  • DECLUTTER BEFORE SHOWING:  Have a garage sale and clear counter tops.  The less distraction, the more a buyer can see themselves in your home.
  • REMOVE PETS FOR SHOWINGS:  Avoid allergy issues and distracting interaction with your pets.

Contact us today for a comprehensive To Do List.