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4 Reasons to Buy This Summer!

by Amy McLeod Group

4 Reasons to Buy This Summer! | Keeping Current Matters

Here are four great reasons to consider buying a home today, instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4%. Most experts predict that they will begin to rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you? 

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. Let The McLeod Group Network help you start your search! 971.208.5093 or mcleodgroupoffice@gmail.com. 

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Exploring Salem Oregon: 2017 Cherry City Music Festival

by Amy McLeod Group

When: June 15, 16 & 17 2017
5:00 PM to 11:00 PM

Where: Downtown Salem
900 Court St. NE
Salem, OR 97301

503-364-1403

After ten years of celebrating music in Salem, Cherry City Music Festival moves from blossom to fruit season, June 15-17, 2017. Three days of concerts playing in venues across town. Free admission unless otherwise noted per location.

Event Schedule

Courtesy of Amy McLeod, The McLeod Group Network

Salem-Keizer OR Home For Sale: 11351 Pioneer Rd, Lyons, OR 97358

by Amy McLeod Group

Salem-Keizer OR Home For Sale
11351 Pioneer Rd, Lyons, OR  97358

Welcome home to 11351 Pioneer Rd, your canyon retreat! Enjoy the cabin feel of this 2 bed, 2 bath home with cedar log siding, a flowing floor plan, tons of natural light, built ins, and easy care flooring, all on one level. The open layout of the living room, dining room and kitchen is perfect for entertaining! Listen to the sweet songs of nature while relaxing on the newer Trex style deck, plus the community swimming hole is only one block away, just in time for those hot summer days! Great storage shed for all your tools and toys. Oh, you are going to fall in love, move right in and enjoy all this Lyons, OR home has to offer! 

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.

If Your Home Hasn’t Sold Yet… Definitely Check the Price!

by Amy McLeod Group

If Your Home Hasn’t Sold Yet… Definitely Check the Price! | Keeping Current Matters

The residential housing market has been hot. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong ­throughout spring as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?

If your house hasn’t sold, it could be the price.

If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prosp­­ective buyers that will even see your house. See chart below.

If Your Home Hasn’t Sold Yet… Definitely Check the Price! | Keeping Current Matters

Bottom Line

The housing market is hot. If you are not seeing the results you want, sit down with The McLeod Group Network and revisit the pricing conversation. 971.208.5093 or mcleodgroupoffice@gmail.com. 

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Salem-Keizer OR Home For Sale
363 C Street, Independence, Oregon 97351

Great possibilities in this charming historic home in Independence! Cozy up to the fireplace in the sun drench living and dining room offer built-in hutches, corner cabinets and multiple window views. The sunny kitchen has ample cabinet and counter space, stove and dishwasher. Generously sized bedrooms with hardwood floors. Fabulous deck overlooks your private garden oasis! Old fashioned garage and outside sheds with potential for artists’ studio. Property sold AS-IS or Rehab Loan. Seller to do NO repairs.

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.

5 Reasons You Should Sell This Summer

by Amy McLeod Group

5 Reasons You Should Sell This Summer | Keeping Current Matters

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 a home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is currently at a 4.2-month supply, well under the 6-months needed for a normal housing market. This means, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory could be coming to the market soon.

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. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this summer.

Also, builder's confidence in the market has hit its highest mark in over 11 years. Experts are predicting that new construction of single-family homes will ramp up this summer.

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

3. The Process Will Be Quicker

Fannie Mae anticipates an acceleration in home sales that will surpass 2007's pace. As the market continues to strengthen, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to a new low of 42 days, after seeing a 12-month high of 48 days in January.

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

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.9% 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.

You can also lock in your 30-year housing expense with an interest rate around 4%right now. Rates are projected to increase in the next 12 months.

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.

If you are thinking about selling a home in Salem-Kaiser visit our website for a free market analysis. 971.208.5093 or mcleodgroupoffice@gmail.com.  

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Friday, June 9, 2017

7:00 pm to 11:00 pm

Ceili of the Valley Society

Monthly Irish social dance with live, traditional Irish music. All dances taught prior to dancing and called as you dance. Reels, jigs, polkas and waltzes taught and danced. Family friendly, all ages accepted. Refreshments provided. $5-10 per person.


VFW Hall Marion Post 661
630 Hood St. NE
Salem, OR 97301


503-383-9297

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

Why Working with a Local Real Estate Professional Makes All the Difference | Keeping Current Matters

If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the millennial generation’s mantra is, “local, local, local.”

CentSai, a financial wellness online community, recently surveyed over 2,000 millennials (ages 18-34) and found that 75% of respondents would use a local real estate agent over an online agent, and 71% would choose a local lender.

Survey respondents cited many reasons for their choice to go local, “including personal touch & handholding, longstanding relationships, local knowledge, and amount of hassle.”

Doria Lavagnino, Cofounder & President of CentSai had this to say:

“We were surprised to learn that online providers are not yet as big a disruptor in this sector as we first thought, despite purported cost savings. We found that millennials place a high value on the personal touch and knowledge of a local agent. Buying a home for the first time is daunting, and working with a local agent—particularly an agent referred by a parent or friend—could provide peace of mind.”

The findings of the CentSai survey are consistent with the Consumer Housing Trends Studywhich found that millennials prefer a more hands-on approach to their real estate experience:

“While older generations rely on real estate agents for information and expertise, Millennials expect real estate agents to become trusted advisers and strategic partners.”

When it comes to choosing an agent, millennials and other generations share their top priority: the sense that an agent is trustworthy and responsive to their needs.

That said, technology still plays a huge role in the real estate process. According to the National Association of Realtors, 95% of home buyers look for prospective homes and neighborhoods online, and 91% also said they would use an online site or mobile app to research homes they might consider purchasing.

Bottom Line

Many wondered if this tech-savvy generation would prefer to work with an online agent or lender, but more and more studies show that when it comes to real estate, millennials want someone they can trust, someone who knows the neighborhood they want to move into, leading them through the entire experience.

Let The McLeod Group Network be your trusted real estate professionals! 971.208.5093 or mcleodgroupoffice@gmail.com. 

 

Salem-Keizser OR Home For Sale
939 Highberger Loop, Aumsville, OR 97325

Opportunity is knocking – here is your chance to live in desirable Highberger Meadows! 939 Highberger Loop offers comfort and quality to meet today’s busy lifestyle with features including 4 bedrooms, 2.5 baths, soaring high ceilings, neutral paint colors, modern fixtures and an effortlessly flowing floor plan. Chic and comfortable, the vaulted living and dining room with gas fireplace and an abundance of natural light is the perfect space to entertain in style. The well laid out kitchen is a delight with neutral counters, loads of cabinetry, recessed lighting and easy care flooring. The connecting family room sets the scene for casual everyday living with enough space for everyone​ while still being able to interact with the chef. Heading upstairs, the high ceilings continue into the soothing master with en suite bath and walk in closet. Three generously sized bedrooms and the second full bathroom provides privacy, room for all​, plush carpeting and tons of closet space. Situated on a picture perfect lot, unwind in the fenced backyard oasis with a large deck, mature landscaping, sprinkler system and a toasty fire pit. Enjoy plenty of room for all your tools, toys and hobbies in the 20x22 shop, plus an attached 2 car garage and RV parking! Every detail is in perfect order; all this home needs is you!  

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.

#1 Reason to List Your House for Sale, NOW!

by Amy McLeod Group

#1 Reason to List Your House for Sale, NOW! | Keeping Current Matters

If you are debating listing your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale 

The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:

Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market.

Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”.

The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

#1 Reason to List Your House for Sale, NOW! | Keeping Current Matters

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Meet with McLeod Group Network, we can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing and able to buy now! 971.208.5093 or mcleodgroupoffice@gmail.com. 

 

Displaying blog entries 331-340 of 372

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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.