What Plummeting Interest Rates Mean for Buyers and Sellers

Interest rates are falling quickly in out market, which means buyers and sellers need to act now to take advantage of that.

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Interest rates are falling hard in our market.

In fact, they recently had the single largest one-week drop in a decade. They’re not the lowest they’ve ever been, but they’re still extremely low right now. For a 30-year conventional loan, rates are between 4.25% and 4.5%.

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Nobody knows how long rates will stay this low, so acting soon will make a big difference in your bottom line.

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That’s very impressive, and it’s something that affects everyone in the real estate market. If you’re thinking of buying or selling a home, make sure you do it sooner rather than later. Nobody knows how long rates will stay this low, so acting soon will make a big difference in your bottom line.

In the meantime, if you have any questions about our market or you have any real estate needs I can take care of, don’t hesitate to reach out to me. I’d be happy to help you.

Make the Outside of Your Home Sparkle With This Spring Cleaning Checklist

 If you’re gearing up to host plenty of friends and family at your home this spring, here’s a quick outdoor cleaning checklist you can use to make sure everything looks great. 

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To get the outside of your home ready for everything spring has to offer, here’s a quick cleaning checklist:

• Clear your lawn of debris
• Clean out your flower beds
• Layer in fresh mulch
• Divide any perennials so they’ll be blooming nicely for May and June
• Wash your outdoor furniture
• Power wash your house, sidewalks, and driveway—keep in mind that different areas require different levels of water pressure
• Clean your grill, and check your propane tank and its hose—there’s nothing worse than running out of fuel right in the middle of cooking!
• Apply an application to your lawn to prevent weeds from growing
• Fertilize your lawn, but be careful not to overdo it
• Remove your storm windows and wash your regular windows
• Repair any broken screens
• Clean your gutters
• Fix any cracks in the driveway
• Remove any dead leaves from your flowers and plants
• Add new flowers to your deck and lawn

And finally...don’t forget to invite me over to your first barbecue!

As always, if you’d like to know more about this topic or you have any other real estate questions for me, don’t hesitate to reach out to me. I’d be happy to speak with you.

Is It Time for You to Get in on the Madness?

 It’s almost time for the busy season in Lane County real estate. Here’s what you need to know in the coming weeks and months whether you’re buying or selling.

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Right now, it’s time for March Madness, both on the court and in the real estate market.

In the real estate world, our March “madness” is the beginning of the spring market. Now that the weather is finally getting better in Lane County, people will start making their decision to buy or sell rather quickly.

Right now, we still have just two months of inventory. If no new homes came on the market in two months, we would completely sell out. This is a huge advantage to you if you’re a seller, but not if you’re a buyer.

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In a few short months, your competition will be much stronger.

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First-time homebuyers are continuing to come into the market, and there are still buyers out there who will have a home to sell. However, they’re not too excited about putting those homes on the market until the kind of home they are looking for is available. It’s kind of a catch-22 situation.

Let’s say you're a first-time buyer: You want to see if there’s anything out there right now that works for you. In a few short months, you'll be competing against many more buyers than you would be right now. The chance of getting the right home at the right price is probably better now than it will be later.

Most sellers are waiting until April or May to list. That is when we’ll see an influx of buyers, but they'll also have more homes to choose from during that time.  Sellers can get ahead of the market curve by getting their homes listed now.

As you can see, March “madness” has begun in the real estate market. If you have any questions about buying or selling, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.