What's the Secret to Getting Your Lane County Home Sold?

Selling your Lane County Home? Get a free home value report
Buying a Lane County Home? Search all homes for sale

Have you thought about selling your home, but simply aren't ready to undertake the sometimes stressful process of getting it ready for the market? Today, we want to give you a few simple tips that can help you get your home ready without all the hassle.

When you go to an agent to help sell your home, they are going to give you a laundry list of things they are going to do to help you sell your house. They're going to tell you about their wonderful marketing plan and the other things they can do to get you top dollar for your home. In reality, most agents are the same. We here at Turning Point Realty Group have a fantastic 89-point marketing plan, a professional photographer, and other great tricks to get your home maximum exposure.

While the marketing plans that agents bring to the table are nice, and often effective, we want to let you in on a secret: Pricing your home right is the most important thing you can do when selling. If you fail to price your home correctly, it doesn't matter how good the marketing is. Unfortunately, many sellers are proud of their home and want to ask too much for it. This little bit of additional value that homeowners think is in their home often comes back to hurt them in the end.

Buyers are very price sensitive. If your home is not priced right, it will sit on the market, and the longer your home sits on the market, the more overexposed it's going to be. What do I mean by that? Well, when your house is overexposed, buyers start wondering if there is a defect because it has been on the market for so long. When buyers become aware of how long your home has been on the market, they will often submit lowball offers, thinking that you're desperate to get it sold.

As you can see, you can make the selling process a whole lot easier by pricing your home correctly from the get-go. We are experts at doing just that, so give us a call or shoot us an email if you want to get the most out of your home sale. We would love to help!

What Should You Be Aware of When Buying a Lane County Home?

The Lane County real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Lane County area click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at  541-767-7653

 

The home buying process can be awfully stressful, and much of the frustration buyers face is a result of being unprepared. Today, we share 4 major concerns many first-time buyers have with the buying process, so you know what to expect when buying.

1. Can I afford the home? To answer that, a real estate professional will send you to a reputable lender. We will send you to a lending partner of ours who does a really good job of going over a buyer's financial situation and determining whether they qualify for the home in question. He'll go through your financials with you in detail before telling you whether you can afford the home of interest.
2. Do I qualify for the home loan? When you sit down with a trusted lender, you will go over your debt-to-income ratio, which is the amount of money you have going out versus the amount of money you have coming in. Once the lender puts all that together, they will determine whether the house you're looking for, and the payment you're looking for, is something the lender will allow. 
   
3. Am I paying too much for this home? An important part of the home buying process  is called the appraisal. The lending institution has a third party come out and look at the house to determine whether the house is valued at what you're agreeing to pay for it. This is your insurance policy to ensure you're not overpaying for a house. If the appraisal comes back at your purchase price, you can rest assured knowing you aren't overpaying.
4. Am I buying the right house? When looking at homes, think about what your needs will be three years down the road. If, for whatever reason, you need to move out of your home in three years, will you be able to sell it at the price you want? Is it in a desirable neighborhood? Is it updated? Answering these questions will help you determine whether you're buying the right house. If you do feel like it would be an easy house to get rid of, it may be a very comfortable purchase.

If you have any questions about these common concerns, or would like more help preparing for the buying process, don't hesitate to give us a call or shoot us an email. We would love to help make the process as smooth as possible! 

What Do Recent Changes in The Lane County Market Mean for You?

The Lane County real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Lane County area click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at  541-767-7653

What are conditions looking like in the early days of 2015 here in Lane County? Today, we'll discuss just that.

There are a lot of affordable options out there if you've been thinking about entering the market. Interest rates are likely to remain low for the duration of 2015, and Fannie and Freddie have recently announced a 3% down conventional loan product, which will make it easier for people with limited cash on hand to purchase a home. Additionally, the mortgage insurance for this new product will be lower than on an FHA loan.

A lender friend of mine recently shared the news that the USDA loan review period has been shortened. Instead of having to wait the original 35 business days, you now only have to wait 5-7  business days. This means, as a consumer, that instead of entering the escrow period of roughly 90 days, the timeline from contract to close will only last 30 days. This is a welcome change for home sellers who don't want to wait 90 days to sell their house! 

Thanks, so much for joining us today! If you have any questions about the topics covered today, or would like real estate assistance of any kind, don't hesitate to give us a call or shoot us a quick email. We would love to hear from you!