Archive for July 28th, 2010

1.  Hiring a friend over an expert.  Having an experienced broker is now more critical than ever.  Although your emotions may be pulling you toward a friend or relative who needs some business, your business sense should cause you to stop and think first.  Selling your home is likely one of the most significant transactions you will make in your lifetime.  Hiring an agent or team, such as Lee Davies Real Estate, with experience under their belt in up and down markets as well as a proven aggressive home selling plan, will save you headaches and successfully guide you to getting your home sold.

2.  Overpricing.  Although you may hope and want for more, overpricing your home just won’t bring in a higher selling price.  It will, however, create a frustrating situation when you haven’t sold your home after several months of cleaning your way out the door every morning.  A comprehensive appraisal-style pricing strategy will help sell your home more quickly and ultimately for the best price possible.

3.  Skipping Home Prep Step.  With so many listings on the market, having your home “show ready” is more important than it has ever been.  A well maintained home that shows like a model will have a leg up on the competition.  As savvy as many buyers believe they are today, many just can’t see past scratched walls, unattended flower beds and cluttery knick-knacks.  Buyers who can imagine themselves comfortably living in a home, without imagining needed repairs, may also be able to imagine writing up that offer.

Need to get rid of an old refrigerator?  The Energy Trust of Oregon will pick it up and you’ll get $30 for participating between now and December 31, 2010.  What a deal!  Refrigerator Recycling details

Beginning August 1, 2010, if you are selling a home with an uncertified woodstove, you will be required to remove this device from the home.  DEQ details

The sun is finally out and we are proud to announce the return our car wash sponsorship program for local schools and charities.  Lee Davies Real Estate offers the use of our parking lot and supplies for groups interested in a car wash fundraiser.  Please contact Julie Williams if your group is interested in taking advantage of this opportunity.

Click on the image below to see the full RMLS report in PDF format:

Market Action Report

from Northwest Mortgage Group 

Program Rate APR
30 Year Fixed up to $417,000 4.375% 4.49%
15 Year Fixed up to  417,000 3.75% 3.964%
30 Year Fixed up to  500,000 5.25% 5.366%
30 Year Fixed up to  600,000  5.375% 5.487%

As of July 27, 2010 (1% loan fee applies)

Rates shown above are based on transactions with a 20% down payment, 1% loan origination fee, 740 credit scores, impounds for property taxes and insurance and 30-day rate lock.  Contact Jeanine Roe or Brian Page of NW Mortgage Group for more information at 503.439.9191.

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