Multiple Offers Are Painful

We continue to see multiple offers on appropriately-priced properties. Often, the winning offer is all cash, and/or the contingencies are reduced. Buyers ask us, HOW MUCH over asking price should one offer to be the winning bid? Unfortunately, there is no one-fits-all answer or formula. What we can tell you is, it’s probably going to hurt. What is that crazy-high number you have in mind? Yes, somewhere OVER that number!

College Hill? Look no further!

This season no one has had more listings or sold more property on College Hill than we have. We still have two fine homes for sale, both in premier locations atop the hill with dynamite views. Their asking prices are $489,000 and $649,000. Or are you considering selling this year? Give us a call! 541-520-2246

Winning the Multiple Offer Situation

Buyers… Right now if the house you’re excited about is new to market, under $400k-ish and rather appealing, plan on being in a multiple-offer situation. Bummer, but supply isn’t meeting demand. Here are a few tips to consider:
1. Disregard asking price and embrace what you would feel good about paying.
2. Look at properties under your top dollar so you don’t over-spend your budget.
3. Remember that your offer isn’t just about price.
4. Give us a call… We have an awesome track record for helping our clients come out on top!

Inventory Shortage!

This is going to be a very interesting year for real estate sales in our area. It is a great time to buy with mortgage rates so low; and indeed the buyers are lining up and ready! What we’re currently missing is enough “inventory” or homes for sale, to meet the demand. Prices are starting to tick up. In some ways this is not all bad. Look at how the Portland market has exploded, however… locals are being priced out of the market. Not good.

2016 will be an excellent year for most sellers. If you are considering selling, give us a call!

Two condos to choose from! $115k or $189.9k

We have two very different, 2-bedroom condos currently listed:

• 418 Stonewood is in South Hills. 2 beds, 2 full baths, updated with new paint and carpet—move-in ready!  $115,000

• 1313 Lincoln #1001 is a 10th floor unit downtown, fully remodeled. Live downtown in style! $189,900

Call Agata for a private showing: 541-968-7314

Best RIVERFRONTAGE in Downtown Springfield!

Itching for something truly special? You won’t believe how cool this place is. Own right down to the riverfront—totally private—in Downtown Springfield.

1 or 2 bedrooms, 1 bath, 1400+sf — $369,000

Dangle your toes in the river! Call Susan for a private showing: 541-520-2246

The market holds steady!

Many are asking… “What is the state of our current local market?” Although I am seeing the average and median prices up-tick slightly, and properties selling at a healthy rate, the market is not crazy-good. It is simply much stronger and consistent than in recent years. If you are selling, and you price right and stage well, you should sell well. If you are buying, be prepared to pay near asking prices for homes well-priced!