Real Estate Information

Salem Real Estate Blog

Amy McLeod Group

Blog

Displaying blog entries 1-10 of 28

5 Reasons to Hire a Real Estate Professional When Buying or Selling! | Keeping Current Matters

Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

The 5 reasons you NEED a real estate professional in your corner haven’t changed, but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in his or her market and can guide you through the stacks of paperworknecessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

There are over 180 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to make sure that you achieve your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. After looking at the list of parties that you will need to be prepared to negotiate with, you’ll soon realize the value in selecting a real estate professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $185,000 compared to $245,000 among agent-assisted home sales.”

Get the most out of your transaction by hiring a professional.

5. Do you know what’s really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively, and correctly, price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a real estate professional?

Contact The McLeod Group Network help you with all your real estate needs! 971.208.5093 or mcleodgroupoffice@gmail.com. 

by 

Friday, May 26, 2017 at 6:00 PM

Live music in the Fieldhouse - Reckless Rockhounds - $5. “Accept what life offers you and try to drink from every cup. All wines should be tasted; some should only be sipped, but with others, drink the whole bottle.” - Paulo Coelho

Redgate Vineyard Fieldhouse
8175 Buena Vista Rd.
Independence, OR 97351
503-428-7115

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

Salem-Keizer Home Sales - April 2017

by Amy McLeod Group

If you are thinking about buying or selling a home in Salem-Kaiser visit our website for a free market analysis and up to the minute home searches. 

Courtesy of Amy McLeod, The McLeod Group Network

4 Tips for Effectively Making an Offer

by Amy McLeod Group

4 Tips for Effectively Making an Offer | Keeping Current Matters

So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true!

Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective.Here are the 4 tips they covered along with some additional information for your consideration:

1. Understand How Much You Can Afford

“While it's not nearly as fun as house hunting, fully understanding your finances is critical in making an offer.”

This ‘tip’ or ‘step’ should really take place before you start your home search process.

As we’ve mentioned before, getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and will allow you to make your offer with the confidence of knowing that you have already been approved for a mortgage for that amount. You will also need to know if you are prepared to make any repairs that may need to be made to the house (ex: new roof, new furnace).

2. Act Fast

“Even though there are fewer investors, the inventory of homes for sale is also low and competition for housing continues to heat up in many parts of the country.” 

According to the latest Existing Home Sales Report, the inventory of homes for sale is currently at a 3.7-month supply; this is well below the 6-month supply that is needed for a ‘normal’ market. Buyer demand has continued to outpace the supply of homes for sale, causing buyers to compete with each other for their dream homes.

Make sure that as soon as you decide that you want to make an offer, you work with your agent to present it as soon as possible.

3. Make a Solid Offer

Freddie Mac offers this advice to help make your offer the strongest it can be:

“Your strongest offer will be comparable with other sales and listings in the neighborhood. A licensed real estate agent active in the neighborhoods you are considering will be instrumental in helping you put in a solid offer based on their experience and other key considerations such as recent sales of similar homes, the condition of the house and what you can afford.”

Talk with your agent to find out if there are any ways that you can make your offer stand out in this competitive market!

4. Be Prepared to Negotiate

“It's likely that you'll get at least one counteroffer from the sellers so be prepared. The two things most likely to be negotiated are the selling price and closing date. Given that, you'll be glad you did your homework first to understand how much you can afford.

Your agent will also be key in the negotiation process, giving you guidance on the counteroffer and making sure that the agreed-to contract terms are met.”

If your offer is approved, Freddie Mac urges you to “always get an independent home inspection, so you know the true condition of the home." If the inspector uncovers undisclosed problems or issues, you can discuss any repairs that may need to be made with the seller, or cancel the contract.

Bottom Line 

Whether you’re buying your first home or your fifth, having The McLeod Group Network on your side is your best bet in making sure the process goes smoothly. 971.208.5093 or mcleodgroupoffice@gmail.com. 

Happy House Hunting!

by 

Do You Know the Cost of NOT Owning Your Home?

by Amy McLeod Group

Do You Know the Cost of NOT Owning Your Home? | Keeping Current Matters

Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Zillow recently reported that:

“With Rents continuing to climb and interest rates staying low, many renters find themselves gazing over the homeownership fence and wondering if the grass really is greener. Leaving aside, for the moment, the difficulties of saving for a down payment, let’s focus on the monthly expenses of owning a home: it turns out that renters currently paying the median rent in many markets could afford to buy a higher-quality property than the typical (read: median-valued) home without increasing their monthly expenses.”

What proof exists that owning is financially better than renting?

1. The latest Rent Vs. Buy Report from Trulia pointed out the top 5 financial benefits of homeownership:

  • Mortgage payments can be fixed while rents go up.
  • Equity in your home can be a financial resource later.
  • You can build wealth without paying capital gain.
  • A mortgage can act as a forced savings account
  • Overall, homeowners can enjoy greater wealth growth than renters.

2. Studies have shown that a homeowner’s net worth is 45x greater than that of a renter.

3. Just a few months ago, we explained that a family buying an average priced home at the beginning of 2017 could build more than $42,000 in family wealth over the next five years.

4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment –along with a profit margin!!

Bottom Line

Owning a home has always been, and will always be, better from a financial standpoint than renting.
If you are ready to become a homeowner, contact The McLeod Group Network at 971.208.5093 or mcleodgroupoffice@gmail.com.

 

Happy Mother's Day!

by Amy McLeod Group

The Person who has done more for you than anyone in the world!

A halo that reflects a life of wisdom, kindness, and caring. Eyes that sparkle with pride and show how much she believes in you. Shoulders that have been slept on and wept on and carried a world or two. Arms that never run out of hugs. Hands that know just when to hold on and when to let go. A mind filled with amazing things, from fairy tales to family tails and long-ago stories of you. A smile that can jump right into your heart and warm you faster than hot chocolate. A heart of gold that holds more love than you can possibly imagine.

Courtesy of Amy McLeod, The McLeod Group Network

Exploring Salem Oregon: Iris Festival at Schreiner’s Iris Gardens

by Amy McLeod Group

Saturday, May 20, 2017 9:00 AM to 6:00 PM

10 am-5 pm: Liqueur Tasting. 12:30-1 pm: How to Dig & Divide Iris Demonstration. 2-3 pm: Floral arranging demonstration, highlighting the use of Iris. Gift shop, plant sale.

Schreiner's Iris Gardens
3625 Quinaby Rd. NE
Salem, OR 97303
503-393-3232 or 800-525-2367

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

Keizer OR Home For Sale:1710 Dixon St NE Keizer OR 97303

by Amy McLeod Group

Keizer OR Home For Sale

1710 Dixon St NE Keizer OR 97303

Loads of potential in this sweet Keizer home on a big .30-acre lot. Inside you'll find a large living room with two picture windows offering great natural lighting. Spacious kitchen has plenty of cabinet and counter space plus a dining area with double window views. Upstairs bedroom with coved ceiling, plus a bonus space! Hardwood floors thru most of downstairs, waiting to be restored to their original beauty! Generously sized utility room plus a one car attached garage offers ample storage space. This Keizer OR home is close to shopping, parks and recreational activities! Opportunity awaits you!

The McLeod Group Network has distinguished themselves as a leader in the Salem-Keizer 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-Keizer 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-Keizer 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.

Salem OR Home For Sale:1558 Joseph Street S Salem OR 97302

by Amy McLeod Group

Salem OR Home For Sale:

 

Welcome home to 1558 Joseph Street a recently upgraded Sunnyslope home in desirable Sunnyridge Heights. A wealth of comfort and pleasant living is highlighted by 4 bedrooms, 2.5 bathrooms, updated kitchen, new flooring, fresh interior paint, covered entry, manicured yard, large laundry room plus a double car garage. Illuminated with natural light, the formal living and dining room starts this tour off right featuring a massive masonry fireplace and triple window views. Style and ample working space area masterfully fused together in this well organized kitchen providing tiled counter-tops, an abundance of gorgeous light grey cabinets, glass-top range, white porcelain sink, recessed lighting, serving bar and brick accent wall. The connecting family room is a great space for everyone to kick back and interact with the chef, with easy access to the covered patio providing endless indoor/outdoor entertaining options. A soothing master suite offers large walk-in closet and private bath plus two additional closets and a linen closet. Two spacious secondary bedrooms share a lovely hall bath. A fourth bedroom and half bath located off the kitchen and utility room- talk about privacy. All this and more could be yours in this amazing one level Salem OR home!

The McLeod Group Network has distinguished themselves as a leader in the Salem-Keizer 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-Keizer 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-Keizer 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. 

Gallup: Real Estate is Best Long-Term Investment 4 Years Running

by Amy McLeod Group

Gallup: Real Estate is Best Long-Term Investment 4 Years Running | Keeping Current Matters

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.

For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below.

Gallup: Real Estate is Best Long-Term Investment 4 Years Running | Keeping Current Matters

The study makes it a point to draw attention to the contrast of the sentiment over the last four years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession.

Bottom Line

As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment. Contact The McLeod Group Network today at 971.208.5093 or mcleodgroupoffice@gmail.com to start your home search! 

by 

Displaying blog entries 1-10 of 28

Syndication

Categories

Archives

Share This Page

Contact Information

Photo of The McLeod Group Real Estate
The McLeod Group
Keller Williams Capital City
1900 Hines St SE #220
Salem OR 97302
971-208-5093
Fax: 503-270-5701

**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.