Investment Properties in Lane County

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

Buying a Lane County Home? Search all homes for sale

Lately, I’ve been working with a lot of investors. Often, I’m asked about how much our market improved in the past two years, and likewise, if foreclosures and short sales will decrease. That’s not the case!

There are some awesome opportunities and deals to take advantage of out there. These properties, such as rentals, make great investments, and are available up to $50,000 below market value right now. Once tenants move in, you can make a nice profit without much effort.

If you have any questions about investments or more, give me a call or send me an email today! I’d be happy to serve your real estate needs.

Click here to learn more about short sales

The Importance of Home Inspections

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 the importance of home inspections. Home inspections can be mutually beneficial to both buyers and sellers.

From the seller's standpoint, a pre-listing inspection can be very valuable. That way, you know about the issues with the property and you can get a lot of them taken care of up front. A buyer might misinterpret some minor issues as major issues, and having that pre-listing inspection can save you a lot of money.

From a buyer's standpoint, buying a home is one of the biggest investments you will make in your life. Having an inspection done will let you know what issues you might run into, and you can have the seller make some of those repairs. If you want to make the repairs yourself, the home inspection can help you create a maintenance plan.

If you have any questions, please don't hesitate to call me or send me an email. I look forward to hearing from you!

Lane County Borrowing Tips

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

Buying a Lane County Home? Search all homes for sale

Is there a difference between having no credit and having bad credit? Many people are unaware, but there is a significant difference between the two.

When you have bad credit, it's likely because you stopped making mortgage, credit card, or car payments at some point. When you haven't made a payment, you begin to get derogatories (30 days late, 60 days late, 90 days late, etc.). You also may have had a bankruptcy in the past, which will negatively affect your credit.

If you have failed to make payments, or if your credit is just bad, it will take some time to improve your score. The longer you get away from your last negative derogatory, the better your credit will become. In other words, if you start making payments regularly, you can get your credit back on track.

If you have no credit, it means you need to apply for some and start making payments on time. This is a better situation than having bad credit because you can earn good credit much faster than you can recuperate it!

If you have any questions about this topic, or if you need real estate assistance of any kind, don't hesitate to reach out to us. We would love to hear from you!

Why Should You Take Zillow's Values with a Grain of Salt?

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

Buying a Lane County Home? Search all homes for sale

How does Zillow affect buyers and sellers in the Lane County area? Today, we'll explain that while Zillow is a useful tool, you need to be careful about trusting everything you find there.

Often, I meet with sellers who tell me how much their home is worth according to Zillow and buyers who question the price of homes I show them because of what Zillow told them. What many people don't realize is that there are a lot of things Zillow can't do. It uses a database-structured algorithm to come up with home prices, so there are a lot of things it cannot take into consideration.

Zillow has no way of taking into account a home's curb appeal. They have no way of separating a dream yard from a dumpy one. A home with a pristine yard and one with grass ten feet tall, given the same statistics, will be valued the same on Zillow. In some aspects Zillow can be pretty accurate, but it's best to take all the information you get there with a grain of salt. More often than not, Zillow's values are either low or high.

If you have questions about the best way to find the most accurate and up to date real estate information, don't hesitate to give me a call or shoot me an email. I would love to assist you in any way possible!

Looking for New Construction in Lane County?

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

If you've been looking for new construction in Lane County, you might be having a tough time because there really isn't a whole lot of it around. The primary reason for this is that there is very little land to build homes on.

When we do see land that can be built on, it's usually awkwardly shaped lots or sloping land. That makes it undesirable, and it's also hard to build on, so building your home on a sloping lot may cost the same as one on a level lot.

However, when you do find a new construction home, you should keep in mind that demand is high and that these homes are going for a bit of a premium. If you would like a list of potential new construction properties that are becoming available, I would be more than happy to send them to you.

If you need any assistance buying or selling in Lane County, please don't hesitate to contact me.

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!