Tuesday, November 21, 2017 / by Amy McLeod
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.
If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank.
Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth, and an appraiser’s evaluation of that same home.
Bill Banfield, Executive VP of Capital Markets at Quicken Loans urges anyone looking to buy or sell in today’s market to remember the impact of this challenge:
Friday, November 17, 2017 / by Amy McLeod
Salem-Keizer OR Home For Sale895 16th Street NE, Salem, OR 97301
Englewood charmer situated on a lovely corner lot on a picturesque tree lined street! The light and bright flowing floor plan of this home offers so much space for family function and guests featuring hardwood floors, beautiful built-ins, exposed beams, lovely moldings and trim, large windows letting the natural light in, plus cedar siding and a detached 1 car garage. Kick back, relax and toast your toes by the fireplace in this cozy living room. The connecting dining room is sure to impress with its full wall built in hutch! Hosting all the holiday gatherings will be a delight! The cute country kitchen provides lots of cabinet space, a sunny eat in area and access to the side deck. The spacious family room in the finished basement provides so much extra living space – perfect for media or play room. The four generously sized bedrooms provide plenty of room to grow and privacy for all with two on the ma ...
Friday, November 17, 2017 / by Amy McLeod
Saturday, November 18 - 11:00 AM to 5:00 PM
Barrel tasting, delicious food, and an incredible view. Serving Tri-Tip sandwiches, butternut squash soup, homemade sausage, smoked salmon pate, cheeses and more. Meet the winemaker and sample a future release. Everything included with a $10 tasting fee.
Redhawk Vineyard & Winery
2995 Michigan City Ln NW
Salem, OR 97304
Courtesy of Amy McLeod, The McLeod Group Network
Wednesday, November 15, 2017 / by Amy McLeod
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.
This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 3.5%. However, we must realize that current rates are still at historic lows.
Here is a chart showing the average mortgage interest rate over the last several decades:
Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.
Contact The McLeod Group ...
Tuesday, November 14, 2017 / by Amy McLeod
Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
Here are seven great reasons not to wait:
Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
You can restrict the showings on your home to the times you want it shown. You will remain in control.
Homes show better when decorated for the holidays.
There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:
The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream home ...