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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.

 

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Real Estate Investment 101- It’s Not as Complicated as You May Think!

by Dan Jensen
Relocation Services Director – Equity Northwest Properties Group

This is a follow up to the May 30th post on Real Estate Investment.

I thought it might be useful to debunk some of the myths out there in the market place about complexity issues, need for huge financial reserves, “but the market is saturated with investors” issues, etc. By providing a short and simple overview of some of the investing strategies and processes within Real Estate, I’m hoping to stir your thinking and perhaps open doors of possibility as well! (Check back over the coming 3 Fridays)

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“Must Haves” in Your Real Estate Professional – Part II

by Dan Jensen
Relocation Services Director – Equity Northwest Properties Group

When You’re Buying Your Home…

Last Friday, we talked about the skills necessary in your Real Estate Professional when you’re wanting to market, promote, and find a Buyer for your home.

This week, we’ll move to the other side of the table and talk about the skills you “Must Have” in your Agent when you’re searching for a home to purchase.

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Have You Considered Becoming a Real Estate “Investor”?

by Dan Jensen
Relocation Services Director – Equity Northwest Properties Group


Certain words will often produce specific responses in each of us. “Good”, “Bad”, “Tall”, “Short”… We each have our own understanding of what those words are describing, and there are some pretty dramatic differences in each description.

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“Must Haves” in Your Real Estate Professional

by Dan Jensen
Relocation Services Director – Equity Northwest Properties Group

When You’re Selling Your Home…

There is a distinct and dramatic difference in the skill set needed to help you market, promote, and effectively find a home buyer as compared to the skill set necessary when you’re searching for a home to buy.

Three “Must Haves” to be sure YOUR real estate professional will bring the right tools to the job of helping you SELL your home are:

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Spring Spruce Up for your Home!

by Dan Jensen
Relocation Services Director – Equity Northwest Properties Group

There’s just enough warm in the air, just a bit more sunshine, buds and blooms showing their smiling faces, and sure enough… Spring is springing!

Just for fun, we thought we’d pass on a couple of Spring Spruce Up tips to get the season started well. The first is a short how-to from the DIY Network on pressure washing tips as you’re refreshing and taking great care of your decks.

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