https://youtu.be/7tETV1rZPeQ What's the difference? Have you heard the term contingent offer before? This video helps explain the difference between contingent offers and non-contingent offers. This one’s fairly simple to understand and is more relevant right now since we’re in such a competitive market for buyers. Buying contingent means, in order to purchase a home, you… Continue reading Understanding Contingent vs Non-Contingent Offers
Are you someone who enjoys daydreaming about buying a new home or selling your current house to start fresh elsewhere? Many people like to scroll through Zillow listings and ponder the possibilities. But for serious home buyers or sellers, Zestimates and other third-party valuation tools can be problematic. If you are wondering about your home’s… Continue reading The Trouble with Zestimates: A Guide to Third-Party Home Estimates
The Zestimate!! You know, that little number Zillow puts next to your house online that they think your home is worth. Can you trust it?? 🤥 With home values climbing and inventory continuing to be historically low, it’s more important now than ever to understand the value of your largest asset! Zillow makes it easy… Continue reading Can you trust a “zestimate”?
This month I am simplifying this and breaking it down two different ways for you. Year over year (YOY) and since last month (LM). Year over year (YOY) New listings down 8.3%Pending sales up 19.4%Closed sales up 2.2% Last month (LM) New listings down 30.9%Pending sales down 11.7%Closed sales down 15.3% What does this mean… Continue reading November Portland Metro Market Update
I get asked this question ALL. THE. TIME. I hate to answer with a question but I always do because it always depends. I tend to start with; When do you NEED to move? What are your goals? How much time and energy do you have now? What's next in your journey? What is your… Continue reading When is the best time to buy and sell?
Closed sales increased 6.1% from last year in October as well as 8.9% since last month. As the graph below shows, the trend since 2015 has been a decline in October. I was pleasantly surprised to see the increase! What does this mean to you? If you're a seller: This shows that the demand… Continue reading October Portland Metro Market Update
While pending and closed sales as well as average price all rose year over year, they fell slightly from August. This is very typical of the Portland Metro market as we head later into the fall and winter. Check out the Active Residential Listings graph pulled from the RMLS Market Action September 2019 Reporting Period.… Continue reading September Portland Metro Market Update