Avoid This Home Seller Mistake in Lane County

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My biggest pet peeve is when homeowners renovate their home and they don't really know what they're doing. They don't know which renovations or repairs will get them the most bang for their buck. It's so important to consult your mortgage broker before making changes. Here's why.

Don't exchange a dollar for a dollar. Don't invest $500 into your home to earn only $500 back! There are key items that convince buyers to make an offer or spend more on a property.

These changes can be extremely pricey, such as a new roof, kitchen or bathroom. As expensive as these repairs are, they don't receive much money back. To receive the most out of an investment, paint or replace the carpet. It helps the home look fresh and clean.

I cannot encourage you enough to have a consultation done before you start pouring money into your house. A consultation can save you time, energy, and money in the long run.

If you have any questions, give me a call or send me an email. I would be happy to help you!

Lane County Market Predictions for 2016

Selling your Lane County Home? Get a free home value report

Buying a Lane County Home? Search all homes for sale

Today I'd like to talk about what we can expect from our market in 2016, and I think we should begin by talking about interest rates. They've already risen by .25%, and are expected to keep climbing slowly. However, this doesn't mean that your affordability is going to disappear overnight. Expect competitive rates to sit at 4.25% or 4.5%.

When interest rates go up, buying power goes down, and that has an indirect result on our market. When buying power falls, the pool of buyers for a seller also shrinks, so any decreases in affordability hurt almost everyone. This will also indirectly affect home values and bring them down slightly.

This means that if you're looking to buy or sell in 2016, it's best to do it sooner than later. If you need help getting the process jump started, please don't hesitate to contact me!