How to Pick the Best Offer on Your House

When you're considering multiple offers on your home, there are many other 
variables besides price to consider before making a decision.

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When you’re selling your home and juggling multiple offers, is the highest offer always the best?

Not necessarily. There are a lot of other variables in play, including the terms of the loan, whether or not it’s a cash offer, some contingencies, and the length of the closing. You should consider four things before accepting a buyer’s offer:

1. Their financing
2. The length of the closing period
3. The terms of the loan
4. Any contingencies

Sometimes cash buyers are better than financed offers; however, cash buyers usually come in lower. A qualified professional can help you select the right offer by recognizing the strengths and weaknesses of each one.

If you have any questions about buying or selling real estate, feel free to give me a call or shoot me an email. I look forward to hearing from you.

A Quick Tour of the Sellwood Neighborhood

Today we're taking a quick look at the Sellwood neighborhood in Portland, located on the east bank of the Willamette River. It's a walkable neighborhood with tons of great amenities.

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Selling a home? Click here for a FREE Home Price Evaluation

Today, we wanted to take you on a quick tour of the lovely Sellwood neighborhood in Portland. Sellwood is located on the east bank of the Willamette River, near the southern end of Ross Island. It's about two miles long and a mile wide.

Sellwood is a teardrop-shaped area that's rich in natural and recreational amenities, including four public parks. Sellwood also boasts a full range of businesses and services, like specialty retail stores, antiques, grocery stores, hardware stores, banks, and dry cleaners to name a few.

It's a very walkable neighborhood for both errands and exercise.

One of the great parks is Sellwood Riverfront Park, which stretches 7.6 acres along the river in Southeast Portland. The park has a boat dock, canoe launch, an off-leash dog area, paths, and riverfront views. It's a popular area for celebrating the Fourth of July thanks to the great views of the downtown fireworks. The park is just south of the famous Oaks Amusement Park and Roller Rink.

Sellwood has a New Seasons Market nestled right in the middle. New Seasons is a locally-owned chain of grocery stores that supplies many locally-sourced items and sells home goods and wellness products as well.

In the video above, you can see a good example of a Sellwood house. This bungalow was built in 1904 and is 1,899 square feet with three bedrooms and one bathroom. This home sold for $500,000 in November 2015.

I hope you enjoyed this look at Sellwood! If you're interested in buying or selling a home in Portland, give me a call or send me an email. I'd love to work with you!

How Does Housing Inventory Affect Your Home’s Value?

What do you need to know about current housing inventory? Here is a brief rundown.

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Selling a home? Click here for a FREE Home Price Evaluation

Why is housing inventory an important statistic to track on the market? Housing inventory is measured in months of inventory. This is basically how many months it would take for all of the available homes to sell if no new homes were listed on the market. A good housing inventory would be about four to five months of houses on the market. If that number is smaller than four, it means that the home buyers are dominating the market and that there are relatively few sellers. In that market, home sellers have the advantage. A number over five would mean that buyers have the advantage in the market.
How does housing inventory affect your home’s value? While your home’s value is affected by size, location, and condition, a tight real estate market—or one with a lower inventory—will always drive prices up. It’s the law of scarcity. If you’d like to know the current housing inventory in your area or have any other questions related to real estate, please give me a call or send me an email. I’d be happy to help you!