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5 Reasons To Sell This Winter

by Liz Warren

5 Reasons to Sell This Winter

5 Reasons to Sell This Winter | MyKCM
 

Below are five compelling reasons to list your house this winter.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase, and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Inventory is still under the 6-month supply needed for a normal housing market. This means in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.

Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

Many homeowners were reluctant to list their homes over the last couple of years, for fear they would not find a home to move into. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you decide to sell.

3. Buyers Are Serious at This Time of Year

Traditionally, homeowners think about spring as a great time to list their homes, when more buyer traffic may be out there actively searching. In the winter, however, the buyers who are seeking a home – whether for relocation or otherwise – are serious ones. They’re ready to make offers and they’re eager to move, often quickly. Your house may be exactly what they’re looking for, so listing when other potential sellers are holding off may be your best opportunity to shine.

4. There Will Never Be a Better Time to Move Up

If your next move will be into the premium or luxury market, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you're planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that now. Demand for your entry-level home is high, and inventory in the luxury or premium market is too.

According to CoreLogic, prices are projected to appreciate by 5.6% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and in your mortgage) if you wait.

5. It’s Time to Move On With Your Life

Look at the reason you decided to sell in the first place and determine whether it’s worth waiting. Is money more important than being with family? Are you ready to go on with your life the way you think you should?

Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market this winter. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

Should you rent or buy on Mt. Hood?

by Liz Warren

          

Happy Thnaksgiving

by Liz Warren

             

JUST REDUCED UNDER $400,000!

by Liz Warren

Four Bedroom Home Near the Sandy River          Four Bedroom Living Room with Stone Fireplace

If you need to spread out, this is the place! Just reduced to $399,950. Listen to the river on your covered deck. Four bedroom, two bath home right across the street from the Sandy River! Floor to ceiling fireplace with vaulted ceilings and skylights. Over a half acre of land with private yard, campfire pit, garden area and water feature. HUGE BONUS, a four car garage/shop for all of your toys. 

Over 2200 square feet of living space with multiple decks! It's time to move to the mountain!

Mt. Hood Fixer

by Liz Warren

Mt. Hood Fixer Upper in Welches        Welche Fixer near Sandy River

This Mt. Hood Fixer is on a half acre of land that has views of the Sandy River from the lot. Clackamas County owns the property between the river and the lot so easy access to enjoy. One bedroom needs lots of TLC and has a shared septic system and is on a three party well. A road divides the lot  but it's a dead end street with minimal traffic. 

If you have some skills to fix things up, you can't beat the price of $99,950 for this fixer! It would make a great getaway or full time home for the mountain. 

Don't Get Spooked by Today's Real Estate Market

by Liz Warren

Mt. Hood September Sales 2019

by Liz Warren

Mt. Hood September 2019 Real Estate Sales

Mt. Hood sales are up with pending sales in September reaching 31% higher than this same time period in 2018. Average sales price is $354,000! Twenty sales closed in September and the activity is continuing into October. There are currently 63 residential properties for sale and there are 29 pending sales as of today. These numbers bode well for a great fall of activity. 

Mt. Hood October Market

by Liz Warren

 

            

Pre-Emtive Power Shut Down Could Come to the Mountain?

by Liz Warren

The big California fire in and near Paradise, Ca. was started by a PG & E line in 2018 and the lawsuits have been flying since potentially bankrupting the utility company. Super high winds, which spread that fire, are scheduled to kick up today and tomorrow in the bay area and power to the entire region is set to shut down by PG & E. They want to shut down power for 2.4 MILLION people in the San Francisco bay area! That sounds like a monumental task to me and what kind of chaos will that cause for the area. 

I caught this media blurb about our PGE company considering the same preventative outage plan for Government Camp and Welches in the extreme event of super high fire danger and high wind conditions. After watching the Eagle Creek Fire in the Gorge burn up thousands of acres in 2017, although man-made, it's surely on everyone's mind. 

PGE officials say, it's only under consideration and highly unlikely this would happen unless we came into very extreme conditions. PGE was cutting back all trees and brush in the Mt. Hood National Forest along power lines all summer with large fleets of workers staged locally in Zig Zag completing the task. 

 

Mt. Hood Vacation Rentals

by Liz Warren

If there's one dominating market segment on Mt. Hood these days, it's the vacation rental market. This frequently combines an owners personal use with funds to offset their expenses to help pay off that mortgage or create a stream of income. 

Clackamas County has studied the vacation rental market since there are no zoning and regulation policies for vacation rentals. Here is a recent notification from the county if you've been following the studies and local meetings:

The Clackamas County Board of Commissioners is holding a policy session on Wednesday, Sept. 25 to discuss draft regulations for short-term rentals in unincorporated Clackamas County.  The meeting is scheduled from 9:30-11 a.m. in the Board Hearing Room on the 4th floor of the Public Services Building, 2051 Kaen Rd., Oregon City.

The materials prepared for the meeting by staff, including the draft regulations, are available here: https://dochub.clackamas.us/documents/drupal/41f33e9e-8da9-420d-9b13-0abb8e81722c.  The purpose of the meeting is for staff and commissioners to discuss next steps related to these draft regulations.  The public is welcome to observe, but there will not be an opportunity for public comment.  An audio-tape of the meeting will be available later in the week at https://www.clackamas.us/meetings/bcc/presentation

 

Displaying blog entries 1-10 of 1325

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Liz Warren
Merit Properties Group - Keller Williams Realty PDX Central
Box 131
Welches OR 97067
Direct: 503-705-3090