Homes for sale in Oregon

by alcrone
December 7, 2019
Oregon
0

Homes for sale in Oregon

Home Buyer Tips

The homes for sale in Oregon have been very popular now for a few years. Oregon has been one of the most popular places to move to for a while. it wasn’t any surprise that we would be running out of homes. The reduced inventory of places on the market has caused a bit of a feeding frenzy. I know the buyers have felt this.

There is at-least one shining star and that is interest rates are low, very low. I am speaking historically. This gives the buyer more house for the dollar.

Homes in Oregon

Before looking for homes, pick a good lender and get a pre-approval letter from them . Most will not guarantee the pre-approval but a couple will. This document will be obtained on the day you are submitting your offer from your lender. This will be very important to submit with all your offers.

Realtor Salem Oregon

Once you get to the point where you are serious, do interviews and choose a great realtor. After all, there free. This team you are building will be competing with other buyers and their agents in the market.

A great realtor will be easy to work with, knowledgeable, responsive, and honest. Good luck finding the right one.

Salem Oregon real estate Agents

At this point you have a realtor that will set you up with a home search. This is where you receive homes as specified by your needs as soon as they come on the market. If you see something you like pounce on it the first day. A good realtor is also shopping for you in the for sale by owner pool, pocket listings and pre-lists.

The buyers job is to constantly be looking anywhere and everywhere for a home. Look closely at the homes your agent is sending you and also pay close attention to all the For Sale by Owner listings.

Work as a team

The FSBO listings are a great resource. Many realtors are not real sure how to work the commission and will steer clear of them. If you can talk the seller into giving you a 2.5 to 3.0 commission you have it whipped. Just have the seller represent himself like he was going to do all along. You will probably have to help him or her a bit with paperwork to keep your files straight.

For the most part, if a home that’s for sale is in great shape it will appeal to more people than the ones that are in rougher shape. With that being said, those homes will have more competition. That is the kind of home that will have multiple offers when it comes on the market.

Salem Oregon real Estate

The homes that have been on the market for a while normally are overpriced. Some of the best opportunities lie with these homes as most people are afraid to offer a lower price. Since they have been on the market for a while and the ad is getting stale, the owners are many times motivated and open to a lower offer.

All you have to do is ask, then you will know the answer.

A good agent will know the value of a home and can determine if it is underpriced or overpriced. If it is underpriced the buyer has the option of submitting an offer over the asking price in hopes of getting your offer accepted over your competition.

Sellers Needs

Sellers, when trying to pick a buyer will be looking at the offer price, terms, concessions, loan type, closing date and the buyer’s pre-approval status. This is why you want your offer as clean as possible.

The type of loan will also have a bearing on acceptance. Sellers, when trying to pick a buyer will be looking at the offer price, terms, concessions, loan type, closing date and the buyer’s pre-approval status. This is why you want your offer as clean as possible.

Loan Types

Conventional loans are normally the second best then comes USDA, FHA, VA, and different kinds of rehab loans.

So, to recap a little, here are some things a buyer can do to increase their odds:

Get Pre-Approved from good lender.
Choose a great Realtor.
Set up auto notification from the MLS.
Actively look for homes everywhere.
Contact and negotiate with FSBO people.
Contact new listings ASAP
Communicate with your agent often.

Give me a call, I would love to help you with your home buying needs.

With Oregon being one of the most popular places to move to for the past four years, it wasn’t any surprise that we would be running out of homes. The reduced inventory of places on the market has caused a bit of a feeding frenzy. I know the buyers have felt this.

Interest Rates are low

There is at-least one shining star and that is interest rates are low, very low. I am speaking historically. This gives the buyer more house for the dollar.

Before looking for homes, pick a good lender and get a pre-approval letter in the amount approved. Most will not guarantee the pre-approval but a couple will. This document will be obtained on the day you are submitting your offer, in the amount of your offer and from the lending institute that is giving you the loan. This will be very important to submit with all your offers.

Choose a great realtor

A great realtor will be easy to work with, knowledgeable, responsive, and honest. Good luck finding the right one.

At this point you have a realtor that will set you up with a home search. You can also do it by going to my home search site at www.alanchomes.com and just start looking for what you want. The system will then send you automatic alerts when something like that comes on the market. This is where you receive homes as specified by your needs as soon as they come on the market. If you see something you like pounce on it the first day. A good realtor is also shopping for you in the for sale by owner pool, pocket listings and pre-lists, although this does not always happen.

The buyers job is to constantly be looking anywhere and everywhere for a home. Look closely at the homes your agent is sending you and also pay close attention to all the For Sale by Owner listings.