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Exploring Salem Oregon: Polk County Folk Life

by Amy McLeod Group


Saturday, March 30, 2019

Embrace the different cultures in the valley with live music, demonstrations, kids’ activities, food, dance performances, and more! $5

Werner University Center
345 Monmouth Ave N
Monmouth, OR 97361

503-623-0809

Event Facebook Page

Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: travelsalem.com

'How's the Housing Market Right Now?' Answers Ahead

by Amy McLeod Group


Yeehaw, the latest home-buying season is now in full swing! And if you're hoping to buy a house soon, listen up: The real estate market changes on a dime, so if you want to succeed in today's environment, you'll want to take its temperature and act accordingly.

And buyers are in luck: By and large, this year's home-buying season is a far better bet for buyers than in the past. So if you're craving some intel on what to expect—and how to use this to your advantage—here's the info you need to confidently buy a house right now.

The strong seller's market is on the wane

In the recent past, you weren’t altogether wrong if it seemed like buyers were offering their firstborn child in order for their offer to get a fair look—and often for houses that you would have snubbed in less-sizzling markets. But now it’s OK to breathe—and even sleep on it.

As inventory begins to rise, the strong seller's market that characterized last season's home-buying season is fading fast. In fact, many say we’re back into what can be considered more of a buyer’s market, where the seller doesn’t hold all the cards, says Brad Cox, a real estate agent at the Vesta Group of Long & Foster Real Estate, in Lutherville, MD. That means you’re going to have some wiggle room to negotiate.

“While you still want to prepare a competitive offer, your time window is likely to expand—meaning you can think it over before rushing in with an offer," Cox says. "And you aren’t going to have to include some of the riskier elements, such as waiving financing or inspection contingencies, that were a hallmark of past years."

But what you face still varies by the Big L

You’ve heard the adage "location, location, location," but it will definitely be a huge factor in 2019's home-buying season, Cox says. Because while bidding wars are out in most markets, real estate is still very neighborhood-driven.

“While you might see a softening market in some areas, others may still be in a strong seller’s market," he explains.

He says the key metric to look for is “days on market,” which means how long a property has been waiting to sell. If you’re hoping to buy in an area where days on market are staying low, you’ll have to be prepared to act a little faster. But in areas where this number has started creeping up, you might be able to look around a little more.

For an accurate pricing picture, look only at the latest comps

Both buyers and sellers rely on comparables, aka comps, when determining a fair price. But that can get tricky as the market starts to turn, because sellers might be remembering a months-ago heyday and pricing accordingly.

“Buyers should only consider the most recent comps, which means the last three months, because that is the most accurate reflection of where the market is,” says agent Jed Lewin of Triplemint in New York City.

But don’t forget that it’s still very easy to insult a seller

Yes, the house might have been on the market a few more days than it would have been last year and the comps might be sliding, but that doesn’t mean you can expect that anything goes when you’re buying a home in 2019.

“I am seeing far more buyers starting to make very aggressive lowball offers in an attempt to test sellers’ appetites, even if they’re totally serious about a given property,” says Lucas Callejas, an agent at Triplemint. But in places where the market is still warm, that can turn sellers off—and turn their attention to the next offer that comes along instead of yours.

You may be able to get a better interest rate than you think

One of the big stories of 2018 was rising mortgage interest rates—but while they ticked up precipitously by the end of last year, they’ve fallen a bit again, so you could be in a good spot, says Beatrice de Jong, director of residential sales at Open Listings, in Los Angeles.

Bottom line: Now is the time to lock in a great rate, since today’s appealing numbers might not last long.

“Interest rates are predicted to rise in 2019 and 2020, so buyers would be wise to shop for and lock in their interest rate as soon as possible,” de Jong says.

Increasing rates can make a huge difference, she points out, noting that the difference between a 5% interest rate and 5.5% interest rate is $93 a month on a $300,000 mortgage loan, which can easily derail a buyer’s budget.

So even if you are trying to improve your credit or save a few more bucks for the down payment, you might be better off just wading in and locking in the rate, says Jason Lerner, vice president and area development manager for George Mason Mortgage, in Lutherville, MD.

“You might work for three months to burnish your credit, and then find that the rate has risen so much that it doesn’t make a difference,” he adds.

Your credit score might be better than you thought

Two recent developments in credit scoring may help would-be buyers: One is the new UltraFICO, which takes into account how you manage your checking, savings, and money market accounts, in addition to your credit cards and consumer loans. And the second is Experian Boost, which adds your utility and cellphone bills into the mix.

But even if you have a stellar record in all those areas, there’s no guarantee these will be your golden ticket, cautions Lerner. That’s because it’s still early days for these initiatives: UltraFICO is currently available only in a pilot phase in certain areas, and Experian has yet to launch the booster product, although it is taking sign-ups. But as these products become more widely available throughout the year, home buyers may reap the benefits.

“A difference in 10 or 20 points to your credit score can make a difference between approval or denial—and can lower your rate, which can save thousands over the life of a mortgage,” Lerner points out. He also predicts that requirements will loosen a bit in 2019: “You might not think your credit is good enough for a mortgage, but it’s worth talking to a lender to see if there is a program out there that can help.”

Contact The McLeod Group Network to find your new home! 971.208.5093 or [email protected] 

By: Realtor.com, Cathie Ericson

Your Tax Refund Is The Key To Homeownership!

by Amy McLeod Group


According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $3,143 this year when filing their taxes. This is down slightly from the average refund of $3,436 last year.

Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals. For anyone looking to buy a home in 2019, this can be a great jump start toward a down payment!

The map below shows the average tax refund Americans received last year by state.

Many first-time buyers believe that a 20% down payment is required to qualify for a mortgage. Programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae all allow for down payments as low as 3%. Veterans Affairs Loans allow many veterans to purchase a home with 0% down.

If you started your down payment savings with your tax refund check this year, how close would you be to a 3% down payment?

The map below shows what percentage of a 3% down payment is covered by the average tax refund by taking into account the median price of homes sold by state.

The darker the blue, the closer your tax refund gets you to homeownership! For those in Oklahoma looking to purchase their first homes, their tax refund could potentially get them 85% closer to that dream!

Bottom Line

Saving for a down payment can seem like a daunting task. But the more you know about what’s required, the more prepared you can be to make the best decision for you and your family! This tax season, your refund could be your key to homeownership!

Contact The McLeod Group Network to find your new home! 971.208.5093 or [email protected] 

By: KCM Crew

Exploring Salem Oregon: Wagon Wheel Doller’s Show and Sale

by Amy McLeod Group


Saturday, March 23, 2019

Pre-sale - 9:00 AM to 10:00 AM - $8

Sale Hours - 10:00 AM to 3:00 PM

Admission - Adults $5 (kids 10 and under are free)

Join us for our 37th Annual doll show and sale. There will be dolls, bears, books, toys, miniatures, and related items.  Food will be available on site.

For more information call 503-581-1206

Polk County Fairgrounds & Event Center
520 S. Pacific Hwy. W
Rickreall, OR 97371

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: ufdc.org

6 Things You'll Love—and Hate—About Buying a Home This Spring

by Amy McLeod Group


Welcome to the best—and worst—time to buy a home: spring! Yes, it's peak home-buying season. However, it’s no bed of roses.

Knowing what to expect is half the battle, and can help you use these highs and lows to your advantage!

So consider this an essential prep course. Ready to dive into the best of times and the worst of times for home buying?

You’ll love: All the inventory

One of the best things about buying a house during the spring is that you have a lot more options to choose from.

“New listings tend to flood the market in April and May,” says Kimberly Sands, a real estate broker in Carolina Beach, NC. Just keep in mind that with so much inventory out there, you’ll want to make sure to stick to your search and price parameters to avoid getting overwhelmed.

You’ll hate: All the competition

Busier times mean more buyers and, thus, more competition—which explains why bidding wars are more common during the spring, says Chris Dossman, a real estate agent with Century 21 Scheetz in Indianapolis.

As a result, you have to act fast when the right listing pops up, says Seth Lejeune, a real estate agent with Berkshire Hathaway in Collegeville, PA. Signing up for instant alerts, so you can see homes as soon as they hit the market, can help you stay a step ahead.

That being said, don’t expect a computer to do all the work for you. In hot markets, listings may be scooped up before they are even posted online, which is why most housing experts suggest working with a real estate agent throughout the home-buying process.

You’ll love: All the open houses

More homes on the market mean more open houses for you to attend. That’s exciting news for buyers who relish ogling homes in person. Going to more open houses means you’ll get a better feel for the neighborhood you’re interested in, while also giving you the opportunity to size up the other home buyers you’re going up against.

But with so many open houses to hit, make sure to plot out on a map the ones you want to see, with the times they're open, in order to maximize your time.

You’ll hate: The time pressure

Great listings get snatched up quickly year-round, yet home buyers are under even more pressure when there's more competition among buyers. You have to be prepared to make an offer fast, since indecision could potentially cost you your dream home. That’s why it’s crucial to zero in on what type of home you’re looking to buy and what your price range is before you start seriously looking, Dossman says.

Moreover, you should get pre-approved for a mortgage before you start your home search. Plus, having a letter from a mortgage stating that you’ve been pre-approved for a loan will speak volumes to a home seller, says Linda Sanderfoot, a real estate agent at Coldwell Banker in Neenah, WI.

“Sellers want reassurance that you’ll be able to obtain a home loan,” says Sanderfoot, “otherwise the deal can fall through.”

You’ll love: Shopping in warmer weather

You can breathe a sigh of relief knowing that the season’s warmer weather makes for a more enjoyable house hunting experience. After all, who enjoys trudging through snow or suffering through cold weather to look at houses? No one! Also, clearer skies and warmer temps make for better moving conditions.

You’ll hate: Higher prices

Home buyers generally have more wiggle room to make lowball offers during the slower seasons, since there’s less competition. However, buyers have less negotiating power during the spring. Therefore, “be prepared to pay full list price for a house, assuming it’s been priced at fair market value,” says Lejeune.

Also, if possible, be prepared to offer a seller something that other buyers won’t, such as a longer closing period or a rent-back agreement so that the seller has extra days to move out. This is where having a great buyer’s agent comes in; a savvy agent will talk to a listing agent to find out what the seller is looking for—giving you the ability to make a more attractive bid.

The bottom line

Spring home-buying season has its pros and cons, but by preparing for them you’ll be in a much better position to clinch your dream home. And, if you don’t manage to buy a house this spring, summer is still a great time to buy a house, too.

Contact The McLeod Group Network to find your new home! 971.208.5093 or [email protected] 

By: Realtor.com, Daniel Bortz

6 Things You'll Love (and Hate) About Selling a Home This Spring

by Amy McLeod Group


For many home sellers, there’s no better time to list than the spring, and for good reason: This is peak home-buying season, folks! Buyers turn out in droves once warmer weather finally arrives, bringing people out of hibernation mode, and bidding wars abound as buyers look for ways to one-up their competition.

The bad news? Selling a home during the spring isn’t free of pitfalls.

Indeed, “Spring home sellers still face challenges that they need to prepare for,” says Chris Dossman, a real estate agent with Century 21 Scheetz in Indianapolis.

Since knowing what to expect can help you nab a great offer, here are six things you’ll love—and hate—about selling a home this spring.

You’ll love: All the demand

While home sales decline in the winter (chalk it up to bad weather and holiday obligations), many home buyers blitz the housing market in spring, says Dossman. To meet that pent-up demand, many sellers list their homes at this time of year. It’s no surprise, then, that the lion's share of  real estate agents  say March, April, and May are the best months to sell a home. With so many buyers competing for homes, sellers may be in a stronger position to spark bidding wars.

You’ll hate: All the competition

Demand is strong, but so is competition among home sellers, says Kimberly Sands, a real estate broker in Carolina Beach, NC. According to the National Association of Realtors (NAR), the four heaviest home-selling months—May, June, July, and August—account for 40% of an average year’s total home-selling volume.

Want to compete with other home sellers and fetch top dollar for your house? Presenting your home in the best light is crucial. This may entail decluttering your house, having your home professionally staged, or making minor repairs so that your property is looking in tip-top shape when you put it on the market.

You’ll love: Selling in warmer weather

Open houses are often more successful during the spring than in the winter, says Dossman, since the nicer weather makes buyers more willing to emerge from the comfort of their homes to shop for houses. Another boon for home sellers: Daylight saving time gives buyers more time to look at houses, which means your property can potentially be seen by more people, says Dana Hill, vice president of Buyer’s Edge Realty in Bethesda, MD.

That said, “Sellers still need to do some prep work before holding an open house,” Dossman adds. To make sure your home is ready to be seen, do a thorough cleaning, remove such personal belongings as family photos and religious artwork, and trim your lawn for maximum curb appeal. Pro tip: Take a hike for a few hours during the open house. Buyers will feel more comfortable asking questions of your agent if you're not hovering in the background.

You’ll hate: Fighting for your agent’s attention

Because this is a busy time for home buyers and sellers, it’s also a busy time for  real estate agents . Unfortunately, some agents may take on more clients than they can handle at one time. That's why it's important to find a listing agent who is going to put the proper level of effort and time into selling your home. “If your agent is distracted, you’re not going to get great service,” Sands warns.

There’s no hard-and-fast rule for the maximum number of clients an agent should be working with, but make sure to address this topic when interviewing prospective agents. If your gut says you’re not going to be a priority, continue looking, says Sands.

You’ll love: The higher valuations

When your home’s value is assessed by a home buyer’s appraiser, the appraiser will look at data for comparable homes (or “comps”) that were recently sold in your neighborhood. The good news: With more homes selling in the on-season, the comparable data tend in your favor, Hill says. In other words, your house is more likely to pass the home appraisal, assuming that you're selling it at around its fair market value.

You’ll hate: The picky buyers

Naturally, some buyers can afford to be more selective when there are more houses to choose from, says Dossman. For instance, if your home clearly needs major repairs, they might simply pass. Add in the fact that most spring buyers aren’t shopping under pressure (as they might be during the winter), and you can expect to have a larger pool of picky house hunters in the spring than you do during other seasons.

The bottom line

Spring is unequivocally the busiest time of year to be selling a house, and though more demand from buyers can be good news for home sellers, there are still obstacles you need to plan for when selling a home at this time of year.

Contact The McLeod Group Network to find out how much your current home is worth! 971.208.5093 or [email protected] 

By: Realtor.com, Daniel Bortz

1550 Madras St SE: Lovely Condo in Greenside Village!

by Amy McLeod Group

Salem-Keizer OR Real Estate For Sale
1550 Madras St SE, Salem, OR  97306

Welcome to Greenside Village, a lovely condo complex in SE Salem! Enjoy close proximity to the freeway, Battle Creek Courthouse Athletic Club and shopping, plus summertime fun at the community pool, tennis courts and clubhouse! 1550 Madras St offers easy living without a care in the world and features updated wood laminate floors, new vinyl flooring in baths, new countertops, plus 2 spacious bedrooms, 1.5 baths and an attached 1 car garage. Stainless steel appliances, a built-in desk and an abundance of bright white cabinetry make this kitchen a delightful space to prepare a meal. Entertaining will be a breeze in the open dining and living room with large windows that fills the space with natural light. The fireplace creates a cozy atmosphere and the sliding door to the deck lets you easily take the fun outside with BBQ’s and relaxing. A half bath completes the main floor. Upstairs you will find a modern open loft bedroom and an additional bedroom. Both rooms offer plentiful closet space and share a full bath. Comfort and quality meet today’s busy lifestyle – come take a look!

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.

Have a Safe and Happy St. Patrick's Day Weekend!

by Amy McLeod Group


Saturday, March 16, 2019
10:00 AM to 2:00 PM

Join us for this rain or shine even that celebrates the blossoming cherry trees on the Capitol Mall. Learn about the cherry industry and the impact of Japanese culture on our state.  Look for a detailed schedule on the even website.  This event is FREE and open to the public!

Oregon State Capitol
900 Court Street NE
Salem, OR 97301

503-986-1388

Event Website

Event Facebook Page

Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: oregoncounties.org

Salem-Keizer OR Real Estate For Sale
714 Creekside Drive SE, Salem, OR  97306

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sweeping views, space and beauty define this Golf Club Estates at Creekside home! Every detail of this 4,766 square foot, 3 bedroom, 3 bath, 2 half-bath tri-level home has been carefully considered and selected. Prepare to feel the warmth as this estate wraps around you and lets you know that you are home!

Modern and contemporary, the exquisite craftsmanship and finest finishes are sure to excite!  A spectacular two story entry, gleaming hardwood, tile and stone floors, high ceilings, recessed lighting, elegant moldings and casings, beautiful built-ins and unbelievable mountain and golf course views from all main living areas highlight the effortlessly flowing floor plan.

This home will amaze you, room by room! Lets start with the living room - truly the heart of the home and a joyful space where everyone is able to gather together. Imagine cozy nights by the fireplace with a good book and easy access to the deck to enjoy the sunshine. The gourmet, made to entertain, kitchen will knock your socks off! Meticulous attention to detail is beyond evident from the granite countertops, stainless steel appliances and huge island to the abundance of gorgeous cabinetry, crown molding and plantation shutters! A skylight over the dining area fills the space with natural light, plus French doors to the deck for easy al fresco dining. Work from home in the first floor office or use as a den. A built in desk and shelving make the craft room every crafters dream!

Enjoy a master suite that will have you feeling like you are staying in a five-star resort! Plush carpeting, a spacious walk in closet and a luxurious bath with dual vanity, tiled walk in shower and jetted tub wait to relax and pamper you. The two secondary bedrooms are ample in size, provide abundant closet space and share a full bath.

Need even more space? What ever your needs, this home has got you covered! The finished daylight basement offers a sprawling family room, workout room, tucked away mancave and bathroom. So much room to grow and privacy for all.

Lush landscaping displays a diverse array of plants creating a striking environment. An expansive deck and covered patio create the perfect space for outdoor living and entertaining. Plenty of parking in the attached 3 car garage.

Satisfy your taste for the good life! 714 Creekside Drive is a once in a lifetime property just waiting for you to call it “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.

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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.