Posts Tagged ‘home buying’

McDonald Group Real Estate Trends: It’s Still a Buyer’s Market in Portland

Wednesday, September 15th, 2010

The latest market report for the Portland Real Estate market shows a steady level of continued price reductions on homes for sale around the Portland Metro area. Back in August we talked here on the McDonald Group Real Estate blog about the Portland Business Journal article stating that thirty-two percent of Portland homes for sale in early summer experienced at least one price reduction, ranking  Portland No. 16 on Trulia’s list of price reductions in America’s 50 largest cities. Those numbers are sticking around.

A buyers market is one in which there are more homes available that there are people ready and willing to purchase them. With so many options to choose from in the Portland Real Estate market, buyers have the opportunity to pick up ridiculous deals on homes for sale in Portland that would otherwise be snapped up for much more. The buyers market means more options, lower prices, and higher competition amongst sellers, which makes homeowners and Portland real estate agents more willing to compromise and negotiate price reductions on all types of homes.

Signs of a buyers market in Portland are everywhere – this is the time to upsize or move into a more desirable area, as there are literally hundreds of gorgeous homes at rock bottom prices, including luxury foreclosures, high-end short-sales, bank-owned homes, and affordable listing prices on homes priced well below their previous market value. A balanced buyer/seller market has around 5 or 6 months of inventory. The Portland Real Estate market is currently just below 11 months. If you’re trying to sell a home in Portland, you’re going to need to price competitively and think about upgrades to make your house more attractive to the increasingly savvy buyers. The average sale price in the Portland Real Estate market is around $297,000 and homes for sale in Portland typically stay on the market for around 121 days. There’s really no good way to tell how long this buyers market will last, so be sure to take advantage of these record low prices, record low interest rates, and the amazing supply of affordable dream homes out there on the Portland Real Estate Market.

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Portland Realtor Guide: NEW Buckman Neighborhood Profile at Your Road Map to Home

Friday, August 20th, 2010

Check out the new neighborhood profile detailing the neighborhood of Buckman in Southeast Portland, filled with quirky culture, classic Old Portland homes, and some of the best dining and shopping in town. The Buckman neighborhood is progressive and proud, and provides easy commuting access downtown via the Burnside, Hawthorne, and Morrison bridges. Buckman includes parts of two of the most popular retail districts in town, Hawthorn and Belmont Streets, complete with vintage stores, great brunch spots, and open parks.  Combining the best of urban accessibility and comfortable, small-neighborhood atmosphere, Buckman is quintessential Portland.

If you’re looking for homes, condos, or other real estate in Buckman or other Portland neighborhoods, check out this information page filled with the best restaurants nearby Buckman, top hikes and green spaces, and neighborhood resources. Relocating to a new area can be hard, but it’s a lot easier when you’ve got the best real estate agents in Portland on your side.

Contact the McDonald Group realtors to find out about homes for sale in Buckman, or Click here for more information!

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Portland Real Estate Trends: Homeowners Slashing Prices

Thursday, August 12th, 2010

In a report published in the Portland Business Journal yesterday, we learned that thirty-two percent of Portland homes for sale, listed since the beginning of this month, experienced at least one price reduction. That ranked Portland No. 16 on the website Trulia’s list of price reductions in America’s 50 largest cities.

The average reduction for Portland homes was 9 percent, just under the national average of a 10 percent reduction on 25 percent of newly listed homes. With historically low interest rates, cutting-edge sustainability renovation rebates and low remodeling costs, and a high supply of beautiful homes for sale with great Walk Scores, this is a perfect time to grab a great deal.

As Scott McDonald of the McDonald Group said back in June, “We all know mortgage rates are low right now, but Freddie Mac really put a light on it by saying they are currently lower than they have been since they began tracking this data in 1971 and MSNBC.com states the last time they were this low was in the 1950′s. Yup, the economy stinks right now, but if you’re in a position that’s somewhat insulated from economic trends and are thinking of buying a home, now really is the time.”

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Link For Answers Pertaining to the Home Buyer Tax Credit….!

Monday, November 9th, 2009

moneyThis is the best place to go if you have questions regarding the tax credit extension.  There are alot of questions in particular regarding the repeat home buyer… get some answers here!  -Kristie McD.

CLICK HERE FOR HOME BUYER TAX CREDIT INFO!~~~

Interests Rates Below 5%, Could Take Longer to Close on Your Home.

Monday, January 19th, 2009

We’ve been finding that the typical 30 days (or less) to close is more difficult these days as the lenders are busy (more…)

Thinking of Lease to Own?

Wednesday, October 29th, 2008

In this crazy market of foresclosures & short sales there’s another option we’re getting a lot of questions on lately, Lease to Own.

What does it mean??? ”Lease to Own…? Exactly what it sounds like, but not quite as simple as it sounds. You are essentially leasing a property with the “option” to own it… (more…)

Im buying a home just how does my agent get paid anyway?

Monday, September 1st, 2008

A buyer has the benefit of working with an agent at no cost to the home buyer as the buyers agent gets paid through the seller and their listing agent when the sale is final.

 

It goes like this…. The listing agent (more…)