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Real Estate Agent vs. For Sale By Owner (FSBO) Comparison

For sale by owner (FSBO) is when a homeowner lists their home for sale without the use of a professional real estate agent.  If you are an FSBO seller, then you are responsible for the sales process from beginning to end which includes the pricing, marketing, listing, staging, showings, negotiating, closing, and paperwork.  Below is a comparison between having a real estate agent handle everything versus selling your home independently.

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Clark County’s Home Offers and Price Increase

 Clark County's Home Offers and Price Increase - House for Sale

According to the latest data from Clark County Regional Multiple Listing Service, the number of homes for sale increased by 10% from last year and risen $350,000 in price for median homes.  Not only that, but the demand from buyers has also increased. Despite the rise on the home price tag, the demand and willingness of buyers to pay are really significant. However, home affordability continues to be a struggle and first-time buyers may not be able to pay the increased cost for those homes.  But compared to Portland and Seattle, Clark County is still relatively cheaper.

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Camas Secures Valuable Properties

Due to the proximity to Camas City Hall and the expansion of new employees in the coming year, the City Council members recently approved an agreement for the purchase of the former “Bank of America building” located downtown for $1.6 million.  The Camas City Administrator Pete Capell stated that the $1.6 million, plus the money for renovation, is far less expensive than building a new city hall. To fund the property purchase and the required renovations, the city is using $1 million from bonds and up to $1 million from the city’s real estate excise taxes (REET).

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Real Estate and the Port of Camas-Washougal

 

Port officials wanted to create a site for residential and commercial development with open spaces and landscape.  The port’s mission and intention is to maintain public access to the waterfront in any future development. There’s design plans for a plaza  with a nearby retail space, hotel, and office park. The development will not be like Portland’s South Waterfront or like Vancouver’s Waterfront.  The port will be unique and developed with the needs of Camas and Washougal in mind, following a one-of-a-kind digital marketing strategy designed for the area.  

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Vancouver’s Waterfront Park And What It Means For Real Estate

Vancouver Waterfront

 

 

In the late 1800s, the north bank of the Columbia River thrived and boomed with businesses.  The space was turned into a transport hub with a ferry landing, rail stops, and hotels. There were also five sawmills,two sash-and-door factories, a box factory, three brickyards, and brewery listed in the 1891 directory.  

The waterfront later became a place for shipbuilding for G.M. Standifer Construction Corporation which became Vancouver’s largest employer until it closed in 1921.  It then became a paper mill operated by Boise Cascade until 1996. The real estate remained dormant for 12 years until Columbia Waterfront, LLC purchased the property in which they envisioned the waterfront to be an urban gathering place for its local residents and visitors.  The construction of the first phase of development began in Spring 2016 and it has finally opened to the public on Sept. 29, 2018. Now, it follows a great real estate marketing strategy to ensure the developments are occupied shortly and thrive.

 

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The Elusive $200,000 Home

This was originally posted this morning on Real Estate with Realtor® Rod

The bottom line is that buyers can still find some properties in good shape under this thresh hold. In close to the city, here in Vancouver, these will be fixers or really small houses. In the outlying areas such as Washougal and Battleground there are still opportunities for a decent sized home around 1100-1400 squares either modern and attached or older and detached. Many of these properties will qualify for a variety of financing options. Buyers need to be aware that most of the government sponsored loan products, FHA, VA, USDA, etc. have requirements that may exclude a “fixer” type house. There are other programs designed specifically for fixing up a troubled house, those a bit more complex and buyers should consult with a qualified loan officer about how they work.Here in Clark County, Washington the housing prices have been robust. Maybe just a little too robust, but none-the-less homeowners that were once underwater to the bank are now finding themselves free to sell and move up or down as the case may be. Interestingly enough, sellers are sitting tight on their homes, and this has created a flush demand for entry to mid-level homes locally.

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Analysts Backing Off Rate Hike Predictions

by Rod Sager, original posted on Rod’s Real Estate News

I have been perusing through the financial news and scouring for hints of what the outlook over the next few years is shaping up to look like for our mortgage rates. The trend in thought has been that these historic low rates were primed for a rise. But many professionals are backing off the dire short term conclusion that rates will spike and taking a more status-quo view, at least through the end of 2016 and into portions of 2017.

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Low Interest Rates aid in Upward Pressure on Home Prices

originally posted on Rod’s Real Estate News, 10/2/2015, by Rod Sager

The market continues to move along at a healthy pace. Here in the Portland-Vancouver Metro Area values seem to be rising at a pace of 5% to 10% year over year. Local fluctuations and market conditions can vary a bit from neighborhood to neighborhood. Low interest rates will always help drive sales in real estate and robust sales will typically lead to increased price pressure on buyers.

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Things are heating up…The kettle is starting to boil.

by Rod Sager

The market is moving into full ‘Spring Fever’ mode. Buyers are out in force and well priced listings are gone in two days. This kind of frantic buyer behavior is tempered a bit by the tighter lending practices of today versus the wild and crazy mid 2000’s.