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Displaying blog entries 1-10 of 16

Salem-Keizer OR Home For Sale: 1726 Olympia Ave NW, Salem, OR 97304

by Amy McLeod Group

Salem-Keizer OR Home For Sale
1726 Olympia Ave NW, Salem, OR  97304

The finest quality and craftsmanship highlight this Grand Lady in desirable West Hills Estates! Meticulous attention to detail is beyond evident in the gleaming Rosewood floors, gorgeous moldings and wainscoting, extensive use of tile and granite, custom wood wrap windows and door jams, modern fixtures and lighting all on a floor plan built for entertaining and family function! Sun filled living room flows to the dining room creating a space sure to impress your guests. A wall of built in bookcases highlight the perfect home office or library. A brilliant combination of beauty and function, you will delight in this gourmet kitchen featuring crisp, white cabinetry, granite counters, a tile backsplash, stainless steel appliances and a center island with storage. Sliding doors in the dining area lead to the back deck making indoor/outdoor entertaining a breeze. A gas fireplace surrounded by built in shelving is the focal point in the connecting family room that is sure to be the heart of the home. A half bath and laundry room with cabinetry and sink complete the main level. The grand staircase in the two-story entrance leads you to the second level where you will find 4 generously sized bedrooms, including the impressive master suite. Plush carpeting, a tray ceiling, his and her vanities, soaking tub and separate shower create this luxurious room. A partially fenced yard, appealing landscaping and an attached 3 car garage add to the many desirable features offered here. An unmatched combination of class and comfort could all be yours at 1726 Olympia Ave!

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.

Number of Buyers Putting Down Less Than 10% Hits 7-Year High

by Amy McLeod Group
Number of Buyers Putting Down Less Than 10% Hits 7-Year High | MyKCM

According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high.

Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put down as low as 3% to purchase their dream homes. The strength of the housing market has aided buyers who used low-down-payment programs to buy. As a recent CNBC article points out,

“Defaults on recent low down payment loans, so far, are slow, but that is as much a factor of the good credit quality as it is the strength of the housing market. Home prices are rising incredibly fast, meaning those borrowers are gaining equity in their homes quickly.”

Low down payments aren’t just great for first-time homebuyers. These programs have allowed homeowners who want to capitalize on the equity they have in their homes to use the profit from their sale to pay off high-interest credit cards, fund education or even start a business.

According to a new Census Report, the Annual Survey of Entrepreneurs, home equity was used to start 7.3% of all businesses in the United States, which equates to over 284,000! The industries that saw the most growth from home equity are accommodation & food services, manufacturing and, retail trade.

Bottom Line

Gone are the days of ‘20% down or no mortgage.’ What could you build with the equity in your house? Let’s get together to evaluate your ability to achieve your dreams today! 971.208.5093 or [email protected] 

By: KCM Crew

Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750 | MyKCM

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market.

One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply because they don’t believe they can qualify for a mortgage.

A recent article about millennials by Realtor.com explained that:

About 72% of aspiring millennial buyers said they’re waiting because they can’t afford to buy…

The article also explained that 29% of millennials believe their credit scores are too low to buy.The problem here is the fact that they think they will be denied a mortgage is keeping them from even attempting to apply.

Ellie Mae’s Vice President Jonas Moe encouraged buyers to know their options before assuming that they won’t qualify for a mortgage:

“Many potential home buyers are ‘disqualifying’ themselves. You don’t need a 750 FICO® Score and a 20% down payment to buy.”

So, what credit score is necessary?

Below is a breakdown of the FICO® Score distribution of all closed (approved) loans in July from Ellie Mae’s latest Origination Report.

Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750 | MyKCM

Over 52% of all approved loans had a FICO® Score under 750. Many potential home buyers believe that they need a score over 780 to qualify.

Bottom Line

If owning a home of your own has always been your dream and you are ready and willing to buy, or if you are a homeowner who wants to move up, find out if you are able to! Let’s get together to determine if your dreams can become a reality sooner than you thought! 971.208.5093 or [email protected]

By: KCM Crew

Exploring Salem Oregon: The Oregon State Fair

by Amy McLeod Group

Aug. 25-Sept. 4. Come have fun at the 152nd Oregon State Fair. Celebrate the best Oregon has to offer with concerts, livestock, competitions, food, shopping and so much more. Admission charged.

Oregon State Fairgrounds 
2330 17th St. NE 
Salem, OR 97301

971-701-6573

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

Study: FSBOs Don’t Save Real Estate Commission

by Amy McLeod Group
Study: FSBOs Don’t Save Real Estate Commission | MyKCM

One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in some cases may be costing themselves more, by not listing with an agent.

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.” (emphasis added)

Why would FSBOs net less money than if they used an agent?

The study makes several suggestions:

  • “There could be systematic bias on the buyer side as well. FSBO sales might attract more strategic buyers than MLS sales, particularly buyers who rationalize lower-priced bids on with the logic that the seller is “saving” a traditional commission. Such buyers might specifically search for and target sellers who are not getting representational assistance from agents.” In other words, ‘bargain lookers’ might shop FSBOs more often.
  • “Experienced agents are experts at ‘staging’ homes for sale” which could bring more money for the home.
  • “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.

Three conclusions from the study:

  1. FSBOs achieve prices significantly lower than those from similar properties sold by Realtors using the MLS.
  2. The differential in selling prices for FSBOs when compared to MLS sales of similar properties is about 5.5%.
  3. The sales in 2017 suggest the average price was near 6% lower for FSBO sales of similar properties.

Bottom Line

If you are thinking of selling, FSBOing may end up costing you money instead of saving you money.

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

By: KCM Crew

More Boomerang Buyers Are about to Enter the Market

by Amy McLeod Group
More Boomerang Buyers Are about to Enter the Market | MyKCM

We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019.

RecentlyHousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans will have their bankruptcies disappear off their credit reports over the next five years and that this could “possibly send a flood of more homebuyers into the housing market.

The chart below shows the total number of bankruptcies filed by year in the US over the last 10 years. The light blue bars represent over 3.3 million people who have already waited the 7 years necessary for their reports to no longer include their bankruptcies.

More Boomerang Buyers Are about to Enter the Market | MyKCM

 

How would this “send a flood of more homebuyers into the housing market”?

As the article mentioned, in 2010 the number of chapter 7 bankruptcies increased to nearly 1.14 million. Now, 7 years later, they will begin to fade from credit histories, enabling prospective buyers to become homeowners again once their credit scores improve.

As we can see from both reports, the homeownership rate has the opportunity to increase drastically over the next few years with all of these boomerang buyers returning to the market.

Bottom Line

If your family was negatively impacted by the housing bust, here is the light at the end of the tunnel! Contact McLeod Group Network to find out if you might be able to purchase your dream home faster than you think! 971.208.5093 or [email protected]

By: KCM Crew

Exploring Salem Oregon: Fordyce Farm - Eclipse Camping & Activities

by Amy McLeod Group

Friday, August 18, 2017 - 8:00 AM to Monday, August 21, 2017 - 6:00 PM

We will be offering primitive campsites on our farm. Each reservation will include daily breakfast with the Fordyce family, a barbecue on Friday and s'mores around a bonfire. Lots of activities will be offered. 


Fordyce Farm
7023 Sunnyview Rd. NE
Salem, OR 97305

503-871-9596

Fordyce Farm

Courtesy of Amy McLeod, The McLeod Group Network

Sellers: Your Home is an Oasis in an Inventory Desert

by Amy McLeod Group

First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand!

According to the National Association of Realtors (NAR), the inventory of homes for sale dropped 7.1% year-over-year to a 4.3-month supply and is down for the 25th consecutive month.

Some homeowners may be hesitant to list their homes for sale because they are worried that they will also have a problem finding a home to buy and move in to. This is a legitimate concern; no one wants to sell their home quickly and not have anywhere to live.

But there is good news! If you are thinking of moving up to a luxury or premium home, there is more inventory available in these markets and you may even get a great deal on a home that has been on the market for a while.

If you are the owner of a starter home and you are looking to move into a trade-up home, or if you are just looking to relocate to a new area in a home of the same size, there is still hope!

In many markets, homeowners are building contingency plans into their contracts. This means that the homeowner builds in extra time before they close in order to find their dream home and they are upfront about the contingency with any buyers who come to see the house.

Your home is an oasis to buyers who are searching for homes in today’s market. The right buyers will sympathize and wait for you and your family to find your next home.

Bottom Line

Don’t let the fear of not finding a home to move in to stop you from moving on with your life. Meet with The McLeod Group Network to discuss ways to set expectations with potential buyers from the start. 971.208.5093 or [email protected]

By: KCM Crew

Salem-Keizer OR Home For Sale: 5635 Bayberry Ct SE, Salem, OR 97306

by Amy McLeod Group

Salem-Keizer OR Home For Sale
5635 Bayberry Ct SE, Salem, OR  97306

Welcome to your own little piece of heaven in desirable Ironwood Estates!  The heart of this nicely updated home is the living room with its soaring vaulted ceiling, fireplace and exposed wood beams, giving it a cozy yet open ambiance. A modernized kitchen offers a large eating area and adjacent breakfast nook sure to please featuring lovely laminate flooring and abundant cabinets. The private master suite includes a full bath with dual sinks. There are two additional, generously sized bedrooms and another full bath.  Spacious laundry room includes cabinets for storage.  Upstairs you will find a sizable loft with a wood stove that can be used as another living area or as an office. You will love the additional space located in the attached, two-car garage.  Escape outdoors to the beautiful deck in the peaceful backyard and enjoy nature surrounded by mature trees. New interior paint, carpet and updated baths, this house is ready and 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.

Salem-Keizer OR Home For Sale: 6412 Casper Drive N, Keizer, OR 97303

by Amy McLeod Group

Salem-Keizer OR Home For Sale
6412 Casper Drive N, Keizer, OR  97303

Experience golf course living at its finest in this one of a kind home on the 17th fairway at McNary Golf Course in beautiful Keizer, OR. This one story property incorporates a flowing, open floorplan and amazing golf course views via floor to ceiling windows along the back of the house. You will be immediately impressed by the stately front porch and double door entry. There are gleaming hardwood floors throughout the spacious living areas and gourmet kitchen. Updated, shining granite countertops are sure to please the cook in the family and an abundance of cabinets along with a pantry provide tons of storage.  Relax and unwind in the generously sized master suite featuring a roomy walk in closet and cozy fireplace. You will feel like you are in the lap of luxury in the master bath highlighted by its double vanity and Jacuzzi tub with accented tile. Two additional bedrooms, a full bath and half bath provide plenty of space for a growing family or guests. The huge laundry room doubles as an office space with a built in desk area and cabinets galore.  Do not miss the hidden retreat above the garage!  Step outside on the beautiful deck overlooking the T-Box and enjoy the scenery.  You will feel like you are on vacation year round in this fabulous 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.

Displaying blog entries 1-10 of 16

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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.