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5 Reasons Why to Sell This Summer!

by Amy McLeod Group

Here are five reasons listing your home for sale this summer makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very 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, 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

Housing inventory has declined year-over-year for the last 35 months and is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.

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

The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the average time it took to close a loan was 41 days.

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

If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly, AND you’ll be able to find a premium home to call your own!

Prices are projected to appreciate by 5.2% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) 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 is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. 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.

Want to know how much your home is worth? Contact The McLeod Group Network today! 971.208.5093 or mcleodgroupoffice@gmail.com.

By: KCM Crew

Memorial Day Wishes!

by Amy McLeod Group

Friday, May 25 - Sunday, May 27 - 11:00 AM to 5:00 PM

You are invited to a Garden Party in our open-air tasting room!  Sip our carefully crafted, certified Biodynamic wines while exploring our vineyard, ponds and natural areas.  Picnics welcome!

Featured wine selections:
2017 Terracotta Amphorae Riesling (NEW Release)
2017 Skin Contact Pinot Gris (DEBUT “Orange” wine)
2016 Concrete Dolia Pinot Gris (91 pts, Wine Enthusiast)
2015 Pinot Noir (92 pts, Wine & Spirits)
2014 Reserve Pinot Noir (90 pts, Wine Enthusiast)

We are pleased to welcome Michelle from Eugene’s RumbleDollhouse on Saturday and Sunday with her beautiful Flower Crowns and Gemstone Jewelry. We will also have live Renaissance music from Figs and Thistles on Saturday from 1 to 4 pm.

Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: keelerestatevineyard.com

Don’t Wait to Sell Your House! Buyers Are Out Now

by Amy McLeod Group

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high.

Let’s see how this applies to the current residential real estate market.

SUPPLY

It is no secret that the supply of homes for sale has been far below the number needed to sustain a normal market for over a year at this point. A normal market requires six months of housing inventory to meet the demand. The latest report from NAR revealed that there is currently only a 3.6-month supply of houses on the market.

Supply is currently very low!

DEMAND

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report(which sheds light on the number of buyers who are actually out looking at homes) disclosed that “foot traffic grew 10.5 points to 52.4 in March as the new season approaches.”

Demand is currently very high!

Bottom Line

Waiting to sell will only increase the competition between you and all of the other sellers putting their houses on the market later this summer.

If you are debating whether or not to list your home, let’s get together to discuss the conditions in our market. 971.208.5093 or mcleodgroupoffice@gmail.com.

By: KCM Crew

Friday, May 18, 2018 - 9:00 AM to 6:00 PM - Repeating every Friday until May 31, 2018

Tour Schreiner's Iris Gardens’ 10-acre display gardens filled with over 500 named Irises. Iris-themed gifts, glassware, handcrafted artwork, gardening tools and accessories. Fresh-cut Irises are available for purchase every day, weather permitting. $5 per car.

Schreiner's Iris Gardens
3625 Quinaby Rd. NE
Salem, OR 97303

503-393-3232 or 800-525-2367

www.schreinersgardens.com

Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: travelsalem.com

482 Goldenleaf Court: Four Bedroom Hidden Gem in Santiam Canyon!

by Amy McLeod Group

Salem-Keizer OR Home For Sale
482 Goldenleaf Court, Lyons, OR  97358

A hidden gem in the beautiful Santiam Canyon! The finest in one level living awaits in this open floor plan at 482 Goldenleaf Court loaded with tasteful amenities and upgrades….4 bedrooms, 3 full baths, easy care flooring, high ceilings, and neutral paint colors. Your first stop on this impressive home tour is the sun filled living room with an elegant and comfortable atmosphere that flows right into the eat in kitchen for easy entertaining and function.  Tons of cabinet space, a center island, bar seating and a spacious dining area with sliders to the deck highlight this space. The carpeted family room adds so much bonus living space with so many options! A soothing master suite comes complete with lots of closet space and a private bath with dual vanity. There are two ample sized bedrooms and a shared bath. Keep things organized in the laundry room with sink and cabinetry. The separate studio apartment with kitchenette, full bath and outside entry is ideal for an in-law suite, long term guests or a growing family. This private backyard is a sweet treat offering a large covered deck for grilling and chilling, impeccable landscaping, a firepit to toast s’mores and tons of room to roam on 0.67 acres. The 24x36 shop, garden shed and a triple carport are perfect for all your storage needs. There is truly something for everyone is this lovely Lyons OR home!

The McLeod Group Network has distinguished themselves as a leader in the Salem Oregon real estate market. As a full service, real estate team - focused on working with our Seller and Buyer clients to help achieve their real estate goals!

We bring a keen eye for the details of buying or selling a Salem Oregon home and seemingly boundless determination and energy, which is why our clients benefit from our unique brand of real estate service. Rooted in Tradition, focused on the Future –The McLeod Group Network will help make the most of your Salem Oregon real estate experience. With over 40 years of combined experience, you can rest assured that your real estate transaction will be handled and cared for with the utmost respect and attention to detail. Give us a call today 503-798-4001 and discover the difference we can make during your family's move.

The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. The homeownership rate in the first quarter of 2018 was 64.2%, higher than last year’s 63.6%.

Chief Economist, Dr. Ralph McLaughlin, in his VUE Blog gave these new homeownership numbers some context:

“The trend is clear: the homeownership rate has been ticking up for five consecutive quarters, and the number of new renter households has fallen for four consecutive quarters. Owner-occupied households grew by 1.345 million from a year ago, while the number of renters actually fell by 286,000 households.

The fact that we now have four consecutive quarters where owner households increased while renter households fell is a strong sign households are making a switch from renting to buying. This is a trend that multifamily builders, investors, and landlords should take note of.”

In a separate article comparing the rental population in America to the homeowner population, Realtor.com also concluded that the gap is now shrinking:

“The U.S. added 1.3 million owner households over the last year and lost 286,000 renter households, the fourth consecutive quarter in which the number of renter households declined from the same quarter a year earlier. That could pose challenges for apartment landlords, who are bracing this year for one of the largest infusions of new rental supply in three decades.”

America’s belief in homeownership was also evidenced in a survey conducted by Pew Research. They asked consumers “How important is homeownership to achieving the American Dream?”

The results:

  • 43% said homeownership was essential to the American Dream
  • 48% said homeownership was important to the American Dream
  • Only 9% said it was not important

Bottom Line

Homeownership has been, is, and always will be a crucial part of the American Dream.

Contact The McLeod Group Network today to find your dream home! 971.208.5093 or mcleodgroupoffice@gmail.com.

By: KCM Crew

Mother's Day Wishes!

by Amy McLeod Group

Over 70 local vendors with unique, handcrafted goodies of all kinds under one roof.  Shop local for all your gifts, including Mother’s Day, Father’s Day, graduation, weddings, baby showers, birthday, etc. Free admission.

Jackman-Long Building, Oregon State Fairgrounds
2330 17th St NE
Salem, OR 97301

503-471-2111

Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: travelsalem.com

Home Inspections: What to Expect

by Amy McLeod Group

So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection.

This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover repairs, or even, in some cases, walk away. Your agent can advise you on the best course of action once the report is filed.

How to Choose an Inspector

Your agent will most likely have a short list of inspectors that they have worked with in the past that they can recommend to you. HGTV recommends that you consider the following 5 areas when choosing the right home inspector for you:

  1. Qualifications – find out what’s included in your inspection and if the age or location of your home may warrant specific certifications or specialties.
  2. Sample Reports – ask for a sample inspection report so you can review how thoroughly they will be inspecting your dream home. The more detailed the report, the better in most cases.
  3. References – do your homework – ask for phone numbers and names of past clients who you can call to ask about their experiences.
  4. Memberships – Not all inspectors belong to a national or state association of home inspectors, and membership in one of these groups should not be the only way to evaluate your choice. Membership in one of these organizations often means that continued training and education are provided.
  5. Errors & Omission Insurance – Find out what the liability of the inspector or inspection company is once the inspection is over. The inspector is only human after all, and it is possible that they might miss something they should have seen.

Ask your inspector if it’s okay for you to tag along during the inspection, that way they can point out anything that should be addressed or fixed.

Don’t be surprised to see your inspector climbing on the roof or crawling around in the attic and on the floors. The job of the inspector is to protect your investment and find any issues with the home, including but not limited to: the roof, plumbing, electrical components, appliances, heating & air conditioning systems, ventilation, windows, the fireplace and chimney, the foundation, and so much more!

Bottom Line

They say ‘ignorance is bliss,’ but not when investing your hard-earned money into a home of your own. Work with McLeod Group Network, who you can trust to give you the most information possible about your new home so that you can make the most educated decision about your purchase. 971.208.5093 or mcleodgroupoffice@gmail.com.

By: KCM Crew

Displaying blog entries 1-10 of 12

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Contact Information

Photo of The McLeod Group Network Real Estate
The McLeod Group Network
Keller Williams Capital City
1900 Hines St SE #220
Salem OR 97302
971-208-5093
Fax: 971-599-5229

**Disclaimer: Amy McLeod, and her team, do not initiate, process, or service mortgages.  And provide this information only as a service.  You should confirm information here with your Licensed Mortgage Lender.