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Exploring Salem Oregon: July 3rd Celebration - Oregon Garden

by Amy McLeod Group

Tuesday, July 3, 2018 - 9:00 AM to 11:00 PM

Join us on July 3rd for great food and drink, live music by the FlexTones and a beautiful fireworks display.  Live music starts at 7:00 PM and the fireworks start at 10:00 PM. 

The Oregon Garden
879 W Main St.
Silverton, OR 97381

For more information call 503-874-8100

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

You DO NOT Need 20% Down to Buy Your Home NOW!

by Amy McLeod Group

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that they cannot afford them.

This brings us to two major misconceptions that we want to address today.

1. Down Payment

A recent survey by Laurel Road, the National Online Lender and FDIC-Insured Bank, revealed that consumers overestimate the down payment funds needed to qualify for a home loan.

According to the survey, 53% of Americans who plan to buy or have already bought a home admit to their concerns about their ability to afford a home in the current market. In addition, 46% are currently unfamiliar with alternative down payment options, and 46% of millennials do not feel confident that they could currently afford a 20% down payment.

What these people don’t realize, however, is that there are many loans written with down payments of 3% or less.

Many renters may actually be able to enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket.

2. FICO®Scores

An Ipsos survey revealed that 62% of respondents believe they need excellent credit to buy a home, with 43% thinking a “good credit score” is over 780. In actuality, the average FICO® scores for approved conventional and FHA mortgages are much lower.

The average conventional loan closed in May had a credit score of 753, while FHA mortgages closed with an average score of 676. The average across all loans closed in May was 724. The chart below shows the distribution of FICO® Scores for all loans approved in May.

Bottom Line

If you are a prospective buyer who is ‘ready’ and ‘willing’ to act now, but you are not sure if you are ‘able’ to, let’s sit down to help you understand your true options today. 971.208.5093 or mcleodgroupoffice@gmail.com.

By: KCM Crew

Exploring Salem Oregon: Passport to Nature - A Family Outing

by Amy McLeod Group

Saturday, June 23, 2018 - 10:00 AM

Explore nature close to home during this 90-minute guided outing! Meet the critters of Glen Creek, Grandpa Oak Tree and learn about our local brush rabbits. Meet at the main parking lot. $15/family. 

Orchard Heights City Park
1200 Orchard Heights Rd. NW
Salem, OR 97304

503-779-5227

www.facebook.com/events/1472583382867931/

Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: travelsalem.com

8644 Blackhawk Court SE:Gorgeous Custom Home on Private 2+ Acres!

by Amy McLeod Group

Salem-Keizer OR Home For Sale
8644 Blackhawk Court SE, Salem, OR  97317

Beautifully situated custom home sits high up in the trees creating privacy and tranquility! Emerged in elegance, contemporary style and expert craftsmanship, you are sure to fall in love with the gleaming hardwood and marble floors, the gourmet kitchen, elegant moldings, recessed lighting, modern fixtures, plus 3 spacious bedrooms, a den or office and 3.5 bathrooms all in an effortlessly flowing open floor plan!

A grand entrance invites you in to the open concept perfect for entertaining and function! Get inspired in this chefs kitchen featuring African Mahogany cabinets, a huge island with bar seating, glistening granite and stainless steel appliances including a new range. Kitchens are made for bringing family together, so let your meals and memories be made here! A stone fireplace creates an appealing focal point in the family room, plus a built in entertainment center for easy movie nights with loved ones. Delight in hosting dinner parties in the sophisticated dining area under the light of the exquisite chandelier.

Pampering you with both luxury and convenience the master suite offers plush carpeting, soft colors, patio access, his and her vanities and walk in closets, and an enclosed, tiled shower! This room will have you feeling like you are staying in a five-star resort!

Two generously sized secondary bedrooms and a shared Jack & Jill bath are on the opposite side of the home creating privacy and space for long term guests. The perfect home office provides you a wall of windows and built in bookcases. The laundry room is probably not the first space you think of when you hear the word luxurious, but this one is just that! Gorgeous cabinetry, beautiful countertops and a sink to help keep you organized and tidy.

The perfect complement to the laid back lifestyle awaiting you is the exceptional outdoor living space designed for comfort and leisurely fun! Cookouts on the two large patios, s’mores by the fire pit, manicured grounds, an enclosed garden area and detached storage shed all on 2+ acres. The attached 3 car garage provides plenty of vehicle and storage space.

A refreshing way of life focused around comfort, beauty and privacy, this is a property to cherish for a lifetime while reveling in its exclusive setting. 8644 Blackhawk Court will leave you breathless!

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.

Top 5 Reasons You Shouldn’t FSBO

by Amy McLeod Group

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. Exposure to Prospective Buyers

According to the 2017 Profile of Home Buyers and Sellers from NAR, last year 95% of buyers search online for a home. That is in comparison to only 15% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

Where did buyers find the home they actually purchased?

  • 49% on the internet
  • 31% from a Real Estate Agent
  • 7% from a yard sign
  • 1% from newspapers

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

3. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale by Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser if there is a question of value

4. FSBOing Has Become More And More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

5. You Net More Money When Using an Agent

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

study by Collateral Analytics revealed that FSBOs don’t actually save anything, and in some cases, may be costing themselves more, by not listing with an agent. One of the main reasons for the price difference at the time of sale is:

“Properties listed with a broker that is a member of the local MLS will be listed online with all other participating broker websites, marketing the home to a much larger buyer population. And those MLS properties generally offer compensation to agents who represent buyers, incentivizing them to show and sell the property and again potentially enlarging the buyer pool.”

If more buyers see a home, the greater the chances are that there could be a bidding war for the property. The study showed that the difference in price between comparable homes of size and location is currently at an average of 6% this year.

Why would you choose to list on your own and manage the entire transaction when you can hire an agent and not have to pay anything more?

Bottom Line

Before you decide to take on the challenges of selling your house on your own, let’s get together to discuss your needs. 971.208.5093 or mcleodgroupoffice@gmail.com.

By: KCM Crew

5696 Yvonne Ct SE: Beautifully Updated Home in Lovely White Oak!

by Amy McLeod Group

Salem-Keizer OR Home For Sale
5696 Yvonne Ct SE, Salem, OR  97306

Have you been searching for an open layout in a beautifully updated home with a hard to find first floor master? Then we have the house for you! This gorgeous 4 bedroom, 3 full bath in lovely White Oak is sure to check off so many must haves from your list! Gleaming hardwood floors, a two story foyer, recessed lighting, modern fixtures, neutral colors, tons of natural light and a floor plan made for entertaining are just a few of the many desirable features offered at 5696 Yvonne Ct! The heart of the home will no doubt be the open living/dining/kitchen space! Comfortable everyday living will be a delight here while you relax and toast your toes by the cozy gas fireplace. New custom to the ceiling cabinetry, stainless steel appliances, large island, quartz counters and a Carrera marble backsplash create a stylish and functional kitchen sure to inspire the chef! Sliding doors off the dining area lead to a large patio for easy indoor/outdoor entertaining. Soak you cares away in the hot tub while enjoying the peace and quiet of your privately fenced backyard. Vaulted ceilings, plush carpeting, a large walk in closet and private bath wait to relax and pamper you in the main floor master suite! A first floor bedroom or easy use as an office or den. Upstairs, a huge vaulted family room offers you an exceptional area to hangout, watch movies and just kick back! Two secondary bedrooms and a full bath round out this spacious home. An attached two car garage and detached storage shed allow for plenty of room for vehicles, tools and equipment. This move in ready Salem OR property is the stuff dreams are made of – start living the life of your dreams! 

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.

Exploring Salem Oregon: 2nd Annual Jefferson Summer Bash

by Amy McLeod Group

The 2nd Annual Jefferson Summer Bash is Saturday, June 16. Come down for some family fun with food, music, shopping, a beer garden and a kid's zone all day. Free.

Jefferson Station Cafe
298 N 2nd St.
Jefferson, OR 97352

541-327-7908

www.facebook.com/jeffersonsummerbash/

Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: travelsalem.com

Happy Father's Day!

by Amy McLeod Group

Days on The Market Drops to New Low in April

by Amy McLeod Group

According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month.

NAR’s Chief Economist, Lawrence Yun, had this to say,

“What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high.”

Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing and signing a contract.

The chart below shows the median days on the market from April 2017 to April 2018:

Bottom Line

If you are a homeowner who is debating whether or not to list your home for sale, know that national market conditions are primed for a quick turnaround! Let’s get together to discuss exactly what’s going on in our area, today! 971.208.5093 or mcleodgroupoffice@gmail.com.

By: KCM Crew

Exploring Salem Oregon: Frank Lloyd Wright Birthday Open House

by Amy McLeod Group

The Frank Lloyd Wright's Gordon House is celebrating the architect's 151th birthday with a $5 open house. Docents will be available to answer questions. Treats will be served. 

869 W Main St.
Silverton, OR 97381

503-874-6006

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: travelsalem.com

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.