Buying

June 29, 2020

How Do I Know It's Time to Buy a House?

We hear agents and real estate pros telling us all the time, NOW is the time to buy. But is it really?How Do I Know It's Time to Buy a House?

The US Homeownership rate has declined to just under 63%. That's the lowest in the last 50 years of tracking. Although that doesn't mean doom and ...

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Posted in Buying
June 9, 2020

Mortgage Rates are Low but Home Prices are High

This is such a unique time right now because mortgage rates are still historically low as they have been for several years, and even though we saw a drop in inventory around April, that's starting to come back fairly quickly. Many homeowners that were planning on selling during the ...

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Posted in Buying
May 25, 2020

6 Things to Know When Taking a Virtual Tour

People are conducting virtual tours now more than ever. Sellers are listing their homes with elaborate virtual tours, virtual open houses, and videos to discuss not only the house but the neighborhood as well. In turn, buyers are also viewing more virtual tours than ever before but a video tour ...

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Posted in Buying
May 25, 2020

6 Things to Know When Taking a Virtual Tour - 2

Details

The Details

Have you ever seen a home or any photograph before actually seeing the real thing? Seeing something in person can highlight the details and little flaws that a photograph or a video can easily hide. Small defects, cracks on the countertop, watermarks on the ceiling, damage from pets ...

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Posted in Buying
May 25, 2020

6 Things to Know When Taking a Virtual Tour - 3

Virtual tour

Home inspection.

If you can't be there for the home inspection, you'll want to have a list of questions to ask the inspector about the property. Remember, this is one of the biggest investments you'll ever make and it's a smart move to know as much ...

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Posted in Buying
May 18, 2020

What Happens to the Earnest Money?

What Happens to the Earnest Money?Earnest money - that illusive phrase that many first time home buyers are unaware of.  The term "earnest money" is a good faith deposit given by the buyer to the seller to let the seller know that the buyer is so serious about buying the property they are willing to put ...

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Posted in Buying, Finance
April 29, 2020

What Does DOM Mean in Portland Real Estate?

You may have seen the abbreviation DOM on real estate listings and what this means is “Days on Market”. This is the number of days a home or property listing has been active on the market consecutively. Even if the property is re-listed by another real estate agent within a ...

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Posted in Buying, Selling
April 24, 2020

How Pre-construction Services Can Add Value to Your Project

How Pre-construction Services Can Add Value to Your Project 

As the construction environment rapidly evolves, preconstruction services bring the strategy needed to save the owner money and time on their project. Most people experienced in construction view preconstruction services as an effective tool for adding value to projects.

Project owners, now more than ever, need to avoid possible ...

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Posted in Buying
April 17, 2020

Contingent on Offer or Subject to Closing?

If you're considering purchasing a home and you currently own a home that you need to sell first there are a couple of ways to go about buying and selling property.

Contingent on an offer.

If you want to sell your home but you've already considered making an ...

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Posted in Buying, Selling
April 13, 2020

Can I Back Out of a Real Estate Deal?

Can I Back Out of a Real Estate Deal?

No real estate contract has been designed to handle a pandemic so it is understandable that some buyers may want to back out of a real estate transaction during this time. While we have plenty of buyers and sellers coming together over real estate during the coronavirus, there are those odd ...

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Posted in Buying