Best Wishes for 2013

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To all our cherished friends, neighbors, family and clients – we are so proud to have been able to work with you and be a part of your lives! As we end this year and turn to the exciting time and events that 2013 holds, we just wanted to take a moment to thank you for all that you bring to our lives.

We have some really great plans in the coming year to bring more success to all your real estate endeavors. And with each transaction that makes it to the closing table in the coming months and years ahead – we know that there will continue to be new and exciting things to follow for all of us.

On behalf of the entire group – Happy Holidays, Season’s Greetings, Peace and Joy!

Resolve to Get Into the Market Sooner Rather Than Later

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The real estate market is changing quickly.  As your real estate resource center, we’re committed to keeping you up to date on all of these changes—and what they mean to you.  Over the past five years, the real estate market has been declining.  But right now, there’s a good opportunity in real estate that most people are not aware of—record-setting low interest rates of approximately 3.25% coupled with low inventory.  The last thing you want is to miss out on these amazing rates.  You also want to take advantage of the low inventory, of course, thanks to the Joneses getting out of the market.  In fact, in Portland and the surrounding area, there is only 3.8 months of active homes on the market, which means that if no homes came on the market, we’d be out of inventory in 3.8 months, rather than the average 6 months.  Here’s the thing:  supply and demand affect what you’ll get for your home. 

So what does this mean for you?   Now is the time to buy or sell your property.  If you are like the Joneses, you pulled your home off the market after Labor Day when kids headed back to school, the holidays rolled around, and the weather started to cool.  Because of this mentality, there are now fewer houses on the market, and low inventory impacts the price you can get for your home.  You can get more for your home when there’s less competition.  Remember, it’s all about supply and demand, and now’s the time to get top dollar for your home. 

After the first of the year, when the holidays have faded, kids are out of school, and the weather is wonderful, everyone who has been thinking about selling puts their home on the market.  Your house will then have lots of homes to compete with.  And with the supply of homes up in the spring, the price you’ll get for your home inevitably goes down.  At the end of the day, you have a better chance at success if you decide to sell now, instead of waiting until all the Joneses get in the market.          

For those thinking about buying a home, now’s the time to make a move.  The Portland area has foreclosures, short sales, distressed property, and more for buyers.  The message to home buyers is that it’s a great time to get into the real estate market.   

If you are interested in buying or selling your home and want to get in on record-setting low interest rates, contact me today at 503.245.9000 so we can build a strategy to get you the results you want.  I’d be happy to assist you.